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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.


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Seasonal Futures Trading

There are seasonal commodity trends that may reoccur within the futures market. This could help guide traders and build a plan for a seasonal futures trading strategies.

Trading Commodity Seasonal Patterns

Every calendar year there are different seasons. It is how we plan our lives. Weather is the first to come to mind, but there are holidays, sports, shopping and many more that help break up the monotony of our day to day patterns. The commodities market is no different. Just as you use a calendar to plan and differentiate Thanksgiving from Opening Day in baseball, you can use the same calendar to blueprint possibly when wheat futures will be high and copper prices low. Traders can use these seasonal patterns to their advantage because it allows a certain degree of predictability of future price movements, rather than being bombarded by an endless stream of often contradictory market noise. Now of course there are other factors too numerous to list that can affect the futures markets, but certain conditions and events reoccur at annual intervals and help traders anticipate where the market is headed.

Seasonality of Futures

Although not 100% accurate-as any weatherman will tell you-weather is, in fact, the chief contributor to seasonal futures trading. The annual cycle from warm to cold weather and then back again affects all the agricultural commodity markets as their supply and demand coincides with the planting and harvesting seasons. However….READ FULL ARTICLE

Good Trading!

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Futures Trading Levels


Contract March 2018  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2781.92 6970.08 25715 1565.13 13620.00
Resistance 2 2764.83 6906.92 25528 1556.27 12690.00
Resistance 1 2739.92 6849.58 25240 1543.53 12175.00
Pivot 2722.83 6786.42 25053 1534.67 11245.00
Support 1 2697.92 6729.08 24765 1521.93 10730.00
Support 2 2680.83 6665.92 24578 1513.07 9800.00
Support 3 2655.92 6608.58 24290 1500.33 9285.00
Contract Apr. Gold Mar. Silver Apr. Crude Oil Mar.  Bonds Mar.  Euro
Resistance 3 1370.6 16.91 63.58 145  8/32 1.2546
Resistance 2 1362.3 16.80 63.11 144 27/32 1.2502
Resistance 1 1347.2 16.61 62.36 144 13/32 1.2429
Pivot 1338.9 16.50 61.89 144 1.2385
Support 1 1323.8 16.30 61.14 143 18/32 1.2312
Support 2 1315.5 16.19 60.67 143  5/32 1.2268
Support 3 1300.4 16.00 59.92 142 23/32 1.2195
Contract Mar.  Corn Mar. Wheat March Beans Mar. SoyMeal Mar. Nat Gas
Resistance 3 373.3 472.6 1047.08 393.37 2.78
Resistance 2 371.7 467.9 1042.17 389.43 2.72
Resistance 1 368.6 458.6 1034.33 382.97 2.68
Pivot 366.9 453.9 1029.42 379.03 2.62
Support 1 363.8 444.6 1021.6 372.6 2.6
Support 2 362.2 439.9 1016.67 368.63 2.52
Support 3 359.1 430.6 1008.83 362.17 2.48

Economic Reports, source: 


Economic Reports - Wednesday, Feb 21st

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Tags: > > > > Posted in: Future Trading News   | Futures Trading  
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