Trader's Commodity Interview at Trading Technologies Products

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.

Trader’s Commodity Interview 3.01.2017

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Heads up: Front month for energies is now April. Front month for bonds/ten years is June as of tomorrow. Front month for grains is May.

A quick interview I did with our Friends over at Trading Technologies ( Cannon offers ALL of Trading Technologies products, including XTRADER for qualified clients).

Ilan Levy-Mayer is the vice president of Cannon Trading Company and chief trader for LEVEX Capital Management Inc., a commodity trading advisor. Levy-Mayer specializes in futures and commodities trading using technical analysis and algo trading. He oversees trading systems, risk and online marketing at Cannon while also running a trading program with LEVEX. A former professional basketball player, Levy-Mayer has been in the futures industry since 1998.

– Brian Mehta, CMO

You have an interesting background. How did you get involved in trading, and how has your prior experience as a professional athlete helped you as a trader?

Ilan: Athletics and trading are not so dissimilar. Learning that practice makes perfect and that spending hours in the gym would help my basketball game translated into me spending hours in front of the machine, watching markets and market patterns, trying to perfect my game.

I actually became involved in trading after becoming a broker. At the time, the online trading business just got started and I was watching too many self-directed online traders lose money way too quickly. READ THE REST….


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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Futures Trading Levels

Levels for Trade Date of 03.02.2017

Contract March 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2446.00 5480.83 21581 1454.43 102.84
Resistance 2 2423.50 5440.42 21371 1435.17 102.41
Resistance 1 2408.25 5412.83 21229 1423.83 102.08
Pivot 2385.75 5372.42 21019 1404.57 101.65
Support 1 2370.50 5344.83 20877 1393.23 101.32
Support 2 2348.00 5304.42 20667 1373.97 100.89
Support 3 2332.75 5276.83 20525 1362.63 100.56
Contract Apr. Gold May Silver April Crude Oil June  Bonds March  Euro
Resistance 3 1269.3 18.79 54.97 152 26/32 1.0667
Resistance 2 1260.3 18.65 54.70 152 1.0631
Resistance 1 1255.1 18.55 54.19 150 27/32 1.0591
Pivot 1246.1 18.41 53.92 150  1/32 1.0554
Support 1 1240.9 18.31 53.41 148 28/32 1.0514
Support 2 1231.9 18.17 53.14 148  2/32 1.0478
Support 3 1226.7 18.07 52.63 146 29/32 1.0438
Contract May  Corn May Wheat May Beans May SoyMeal April Nat Gas
Resistance 3 393.4 469.4 1071.58 344.03 2.92
Resistance 2 387.8 463.3 1061.92 341.77 2.87
Resistance 1 384.9 460.2 1056.83 340.53 2.83
Pivot 379.3 454.1 1047.17 338.27 2.79
Support 1 376.4 450.9 1042.1 337.0 2.7
Support 2 370.8 444.8 1032.42 334.77 2.70
Support 3 367.9 441.7 1027.33 333.53 2.66

All times are Eastern time Zone (EST)


Date 4:25pm Currency Impact Detail Actual Forecast Previous Graph
ThuMar 2 2:00am EUR
German Import Prices m/m
0.5% 1.9%
3:00am EUR
Spanish Unemployment Change
5.2K 57.3K
4:00am EUR
Italian Monthly Unemployment Rate
12.0% 12.0%
4:30am GBP
Construction PMI
52.2 52.2
5:00am EUR
CPI Flash Estimate y/y
1.8% 1.8%
Core CPI Flash Estimate y/y
0.9% 0.9%
PPI m/m
0.5% 0.7%
Unemployment Rate
9.6% 9.6%
Tentative EUR
Spanish 10-y Bond Auction
Tentative EUR
French 10-y Bond Auction
7:30am USD
Challenger Job Cuts y/y
8:30am USD
Unemployment Claims
243K 244K
10:30am USD
Natural Gas Storage
-5B -89B

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.

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