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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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Dear Traders,

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Today was one of the most volatile trading days I have witnessed in over 20 years of being a broker. It definitely ranks up there in the top 10.
What does it mean to you? BE EXTRA CAREFUL if you don’t want to lose your entire trading account.
As simple and as blunt as it sounds.
This is NOT the time tom “average down” or decide that the market is too volatile for stops and hence you will use a “mental stop”….Either stand a side or REDUCE your trading size considerably if you want to survive and trade another day.
Survivor Day-Trading

 

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

10-25-2018


Economic Reports, source: 

www.forexfactory.com

 

Date 4:17pm Currency Impact Detail Actual Forecast Previous Graph
ThuOct 25 2:00am EUR
German GfK Consumer Climate
10.5 10.6
3:00am EUR
Spanish Unemployment Rate
14.9% 15.3%
4:00am EUR
German Ifo Business Climate
103.1 103.7
7:45am EUR
Main Refinancing Rate
0.00% 0.00%
8:30am EUR
ECB Press Conference
USD
Core Durable Goods Orders m/m
0.5% 0.0%
USD
Durable Goods Orders m/m
-1.3% 4.4%
USD
Goods Trade Balance
-74.9B -75.5B
USD
Prelim Wholesale Inventories m/m
0.5% 1.0%
USD
Unemployment Claims
214K 210K
10:00am USD
Pending Home Sales m/m
-0.1% -1.8%
10:30am USD
Natural Gas Storage
47B 81B
12:15pm USD
FOMC Member Clarida Speaks
5:30pm USD
FOMC Member Mester Speaks

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.

Posted in: Future Trading News  

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  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
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