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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.

Trading ALGOS Free Trial 11-01-2016

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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 Tuesday November 1, 2016


Free Trial to Trading Signals and Indicators

Cannon Trading is pleased to present a  3 weeks FREE trial to LEVEX family of indicators and ALGO:

To start the trial is very easy and once you are set you will see indicators such in the screen shot below ( taken from today’s action in the crude oil market) which produce possible buy and sell signals based on the two main ALGOS below:


DIAMONDS is an algorithm that was created while designing different trading systems. It is a proprietary algorithm that tries to measure exhaustion in selling or buying and possible chance of short term reversal.

The ALGO calculates recent highs/lows, consecutive highs/lows, RSI, volatility and then the formula outputs; a number that either meet certain criteria or not.

RED diamonds suggest possible short term top. GREEN or BLUE diamonds suggest possible short term bottoms.

The term “suggested” is used because like any other indicator or trading strategy, the future for the next few minutes or sometimes seconds cannot be predicted.

ILM produces arrows on the charts that signal potential change in direction and momentum since ILM is based on moving average and a volatility system.

Simply review the information,  fill out the form below to instantly download our trading platform, and then view the indicators on the charts.

Trading Signals and Indicators


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 11.01.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2145.00 4865.00 18246 1204.57 99.00
Resistance 2 2137.75 4847.50 18197 1197.73 98.84
Resistance 1 2129.25 4823.25 18131 1193.47 98.60
Pivot 2122.00 4805.75 18082 1186.63 98.44
Support 1 2113.50 4781.50 18016 1182.37 98.20
Support 2 2106.25 4764.00 17967 1175.53 98.04
Support 3 2097.75 4739.75 17901 1171.27 97.80
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1290.9 18.13 50.11 163 15/32 1.1083
Resistance 2 1285.7 18.03 49.43 163 5/32 1.1050
Resistance 1 1282.3 17.96 48.06 162 31/32 1.1024
Pivot 1277.1 17.86 47.38 162 21/32 1.0991
Support 1 1273.7 17.79 46.01 162 15/32 1.0966
Support 2 1268.5 17.69 45.33 162 5/32 1.0933
Support 3 1265.1 17.62 43.96 161 31/32 1.0907
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. Nat Gas
Resistance 3 363.5 427.5 1029.83 327.23 3.27
Resistance 2 360.8 422.3 1023.92 323.77 3.22
Resistance 1 357.8 419.3 1017.83 319.93 3.12
Pivot 355.0 414.0 1011.92 316.47 3.06
Support 1 352.0 411.0 1005.8 312.6 3.0
Support 2 349.3 405.8 999.92 309.17 2.91
Support 3 346.3 402.8 993.83 305.33 2.81


All times are Eastern time Zone (EST)

Date 3:58pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 1 All Day EUR
French Bank Holiday
All Day EUR
Italian Bank Holiday
 5:30am GBP
Manufacturing PMI
54.6 55.4
9:45am USD
Final Manufacturing PMI
53.3 53.2
10:00am USD
ISM Manufacturing PMI
51.8 51.5
Construction Spending m/m
0.5% -0.7%
IBD/TIPP Economic Optimism
48.7 51.3
ISM Manufacturing Prices
54.0 53.0
All Day USD
Total Vehicle Sales
17.5M 17.8M
8:01pm GBP
BRC Shop Price Index y/y

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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