Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 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 11.01.2016
|Contract Dec. 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|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|
|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|
|TueNov 1||All Day||EUR||
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