Trading Levels 10.24.2018 - Support & Resistance Levels

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 Levels 10.24.2018


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Dear Traders,

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Another volatile day across the different markets, mostly in stock indices, energies and metals in that order.
Too many traders spend too much time on trade entries, trade signals, entry set ups and such. I personally think that most traders need to spend more time on trade management, money management and creating a sound plan on managing the trades while you in the trade.
Day-Trading 101

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


Economic Reports, source:


Date 4:12pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 24  3:15am EUR
French Flash Manufacturing PMI
52.4 52.5
French Flash Services PMI
54.7 54.8
3:30am EUR
German Flash Manufacturing PMI
53.4 53.7
German Flash Services PMI
55.5 55.9
4:00am EUR
Flash Manufacturing PMI
53.0 53.2
Flash Services PMI
54.5 54.7
M3 Money Supply y/y
3.5% 3.5%
Private Loans y/y
3.2% 3.1%
4:30am GBP
High Street Lending
39.0K 39.4K
9:00am EUR
Belgian NBB Business Climate
0.5 1.2
HPI m/m
0.3% 0.2%
9:45am USD
Flash Manufacturing PMI
55.4 55.6
Flash Services PMI
54.1 53.5
10:00am USD
New Home Sales
627K 629K
10:30am USD
Crude Oil Inventories
3.6M 6.5M
1:00pm USD
FOMC Member Bostic Speaks
1:10pm USD
FOMC Member Mester Speaks
2:00pm USD
Beige Book
7:00pm USD
FOMC Member Brainard 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 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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