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Tag: Gold Futures

Gold Futures Could Break Out — Here’s the Trading Strategy You Could Use 4.29.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday April 29, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Greetings!

The day after FOMC is many times the most important one for future direction of the markets…..On a correlated note, my short term outlook for gold as published on thestreet.com:Gold Futures Could Break Out — Here’s the Trading Strategy You Should Use

If you do need feedback, would like to chat/ consult with an experienced broker about any specific markets or strategies, feel free to contact us.

Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System

Weekly Continuation Gold Chart 3.11.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday March 11, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings! 

FRONT MONTH for STOCK INDEX is JUNE!! ECB rate early this morning sent waves of volatility into bonds, gold, stock index futures and other markets.
A bit too wild for my taste to be honest but part of trading.

Some traders prefer not to trade on FOMC or ECB days. Some just stay out during the announcement. On the other hand there some who can’t wait for the big reports as their trading stile demands volatility….. Everyone is different and just knowing the reports and how you fare during can help you decide on the trading or not trading.

In between I am sharing with you recent analysis I did on gold futures for Equities.com:

Gold Chart March 11th, 2016
Gold Chart March 11th, 2016

Continue reading “Weekly Continuation Gold Chart 3.11.2016”

Chart of the Day & Support Levels for Gold Futures

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday February 17, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

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Continue reading “Chart of the Day & Support Levels for Gold Futures”

Futures Gold Breaks Recent Lows 11.18.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday November 18, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

As I was about to write today’s blog, it hit me that i would like to know more from you, the reader what kind of topics you like to see in this blog?Take a minute or two and reply back with which of the following you like to see more of:

  • More about trading techniques?
  • Perhaps more charts/ analyzing the markets?
  • 3rd party resources?
  • Trading psychology?
  • Any other topic?
  • You like the blog mix as is….

On a different note, gold just broke recent lows, weekly chart for your review below with some possible levels to watch:

GCE - Gold (Globex), Weekly Continuation
GCE – Gold (Globex), Weekly Continuation

Continue reading “Futures Gold Breaks Recent Lows 11.18.2015”

Weekly Continuation Futures Gold Chart 11.06.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday November 06, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Monthly unemployment numbers tomorrow. Many markets will have volatile reaction so be aware of the report and others that will come in later.
The main market I am curious about is gold. Currently oversold but in a nice down trend so the big question is which way will it play? test previous lows or snap? Perhaps both….Weekly chart for your review with circles marking mostly lower highs and lower lows….:

GCE - Gold(Globex), Weekly Continuation
GCE – Gold(Globex), Weekly Continuation

Continue reading “Weekly Continuation Futures Gold Chart 11.06.2015”

Gold Futures – What’s Next? 7.22.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday July 22, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Gold – What’s Next?

From what I understand China holds quite a bit of physical gold, leaving the door open for additional sales in the future.

Gold sold off in a big way Sunday night (July 20th trading session) following a weak close right on support levels the prior week.

News came out that a big bullion dealer from China sold a very large amount of bullion in a matter of 2 minutes, sending gold prices down to 1080 for a short period of time before bouncing back up.

From what I understand, China holds quite a bit of physical gold and that leaves the door open for additional sales in the future.

Continue reading “Gold Futures – What’s Next? 7.22.2015”

3 Different Types of Day Trading Days & Economic Reports 4.22.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday April 22, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Many different ways to make and lose money trading futures, even more so when day trading.

Today’s action in crude oil futures led me to write about:

Three main approaches out there in my opinion.

The first is what I call the “trend is your friend”. A trader looks at few different time frames, looking to see if there is an established trend on longer time frame ( example 60 minutes chart) and then trying to look for pull back on lower time frames and “join the trend”. Only works for certain markets and only works few times of the month as most days markets do not have an intraday trend in my opinion.

Second method is what we call break out. Traders will look for markets that have been in a lower volatility situation using indicators such as ADX for example. Then they will look at the chart to find what they feel are levels that if broken can fuel a stronger move in the same direction. These levels can be extracted visually looking at the chart or using highs/ lows of X periods. This method works better on some markets than others. I noticed that crude oil and gold futures tend to have better chances of a continued breakout move than the mini SP 500 for example.

Continue reading “3 Different Types of Day Trading Days & Economic Reports 4.22.2015”

Crude Oil & Gold Futures Renko Charts; Economic Reports & Levels 10.08.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Another two markets I like to touch on when it comes to “other markets to daytrade beside the mini SP 500” are Crude Oil Futures and Gold futures.

 

More than a few similarities between the two markets.

 

They are both volatile, can move VERY fast. I have seen some very large moves happen in matter of minutes if not seconds. The “fear & greed” factor really plays a role in these specific two markets.

Both have active trading hours starting with Far East trading around 10 PM est all the way to the next morning until about 3 PM est. Good volume generally speaking but not close to the mini SP or ten year notes. So you may see some slippage on stops but the volume is more than enough to trade size.

Each tick on gold is $10, so every dollar move =$100 against you or in your favor. Crude is similar, each tick = $10. One full $1 move = $1000.

Continue reading “Crude Oil & Gold Futures Renko Charts; Economic Reports & Levels 10.08.2014”

Futures Levels & Economic Reports 7.03.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 3, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

No market commentary today.  Please have a safe 4th of July  weekend!

 

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Continue reading “Futures Levels & Economic Reports 7.03.2014”

Futures Trading Levels and Economic Reports for April 16,2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday April 16, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Some extreme volatility in the markets to start the week. Historical price moves in gold and silver as well as big moves in crude oil as well as stock indices.

I have been mentioning over the past few weeks that the volatility cycle, which has been very low is due to move into higher volatility. It seems from the action in the markets that this may be the start.

My opinion is that if you are a day-trader you need to understand that we are starting a higher volatility period. I recommend adjusting accordingly and I think the wise thing to do is lower the number of contracts you buy/sell per trade and be aware of the higher time frames on the charts.

Be prepared for wider swings which may require wider stops and probably being a little more selective on entry points.

Weekly chart of the June SP500 mini below for your review. I think that 1543 and 1524 stick out as near term important levels.

 

 weekly mini sp 500 chart

 

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 June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1609.00 2896.17 14990 968.00 82.98
Resistance 2 1596.00 2873.58 14894 953.90 82.76
Resistance 1 1572.50 2834.92 14723 929.30 82.62
Pivot 1559.50 2812.33 14627 915.20 82.41
Support 1 1536.00 2773.67 14456 890.60 82.27
Support 2 1523.00 2751.08 14360 876.50 82.05
Support 3 1499.50 2712.42 14189 851.90 81.91
Contract June Gold May Silver May Crude Oil June Bonds  June Euro
Resistance 3 1599.4 2835.8 93.20 149 22/32 1.3172
Resistance 2 1547.2 2720.2 92.09 149 1.3143
Resistance 1 1452.9 2504.3 90.08 148 18/32 1.3093
Pivot 1400.7 2388.7 88.97 147 28/32 1.3064
Support 1 1306.4 2172.8 86.96 147 14/32 1.3014
Support 2 1254.2 2057.2 85.85 146 24/32 1.2985
Support 3 1159.9 1841.3 83.84 146 10/32 1.2935
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 661.2 714.2 1433.00 409.13 50.11
Resistance 2 657.6 708.6 1425.00 405.57 49.71
Resistance 1 652.2 701.2 1410.00 399.43 48.94
Pivot 648.6 695.6 1402.00 395.87 48.54
Support 1 643.2 688.2 1387.0 389.7 47.8
Support 2 639.6 682.6 1379.00 386.17 47.37
Support 3 634.2 675.2 1364.00 380.03 46.60
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
TueApr 16  4:00am EUR Italian Trade Balance -1.41B -1.62B
5:00am EUR German ZEW Economic Sentiment 41.5 48.5
EUR CPI y/y 1.7% 1.7%
EUR Core CPI y/y 1.4% 1.3%
EUR ZEW Economic Sentiment 31.5 33.4
8:00am USD FOMC Member Dudley Speaks
8:30am USD Building Permits 0.94M 0.94M
USD Core CPI m/m 0.2% 0.2%
USD CPI m/m 0.0% 0.7%
USD Housing Starts 0.93M 0.92M
9:00am EUR ECB President Draghi Speaks
9:15am USD Capacity Utilization Rate 78.4% 79.6%
USD Industrial Production m/m 0.3% 0.7%
10:00am USD Treasury Sec Lew Speaks
12:00pm USD FOMC Member Duke Speaks
3:00pm USD FOMC Member Yellen Speaks
USD Treasury Sec Lew 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 herein 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 judgment in trading

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.