Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Don’t have time to trade? looking for diversification to your own trading?
TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Cannon, click here.
Cannon Trading Company, (member of the NFA, CFTC, and BBB) has been incorporated in Beverly Hills since 1988 and we take great pride in the service we provide our clients.
Trading systems have advantages and disadvantages in our opinion. One of the many benefits of an automated trading system is the intrinsic discipline to avoid forcing a trade to occur if it does not conform to the stated overall strategy.
That being said, the commodity futures market entails a large amount of price risk so we advocate that only risk capital be allocated to this product.
For detailed information about each system, yearly results, description of strategy, capital required and much more, please visit our trading systems center.
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.
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Levels for Trade Date of 03.16.2017
|Contract June 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Apr. Gold||May Silver||April Crude Oil||June Bonds||June Euro|
|Resistance 3||1252.0||18.08||50.06||150 23/32||1.0940|
|Resistance 2||1236.4||17.73||49.55||149 20/32||1.0860|
|Resistance 1||1228.1||17.54||49.18||148 30/32||1.0814|
|Support 1||1204.2||16.99||48.30||147 5/32||1.0688|
|Support 2||1188.6||16.64||47.79||146 2/32||1.0608|
|Support 3||1180.3||16.45||47.42||145 12/32||1.0562|
|Contract||May Corn||May Wheat||May Beans||May SoyMeal||April Nat Gas|
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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.