Daily Support & Resistance Levels

This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.

November 5, 2026
futures trading education

Your Important Heating Oil Futures Trading Outlook | November 6th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec. (#GC)

4016.37 4054.53 4105.17 4143.33 4193.97

Silver (SI)

— Dec. (#SI)58.79

50.40 51.07 52.28 52.95 54.16

Crude Oil (CL)

— Dec. (#CL)

85.00 87.76 89.40 92.16 93.80

 Dec. Bonds (ZB)

— Dec. (#ZB)

107 18/32 108 3/32 108 18/32 109 3/32 109 18/32

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Join Eli Gal Levy live on Zoom every Tuesday at 10:00 AM ET for a free session to understand the markets. Eli walks through the overnight action, the key levels he’s watching in the E-mini S&P, Nasdaq, crude oil, gold, Treasuries and more, and the economic reports that could move markets that day or week. He also shares the risk-management habits that matter most when volatility picks up.

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Third-Party Links: Links to independent third-party websites are provided for informational purposes only and do not constitute an endorsement, recommendation, solicitation, or guarantee by Cannon Trading. We do not control and are not responsible for third-party content, claims, products, services, security, privacy practices, or regulatory compliance. Users are responsible for conducting their own due diligence before acting on third-party information. Futures trading involves substantial risk of loss and is not suitable for all investors. You may lose all or more than your initial investment. Past performance is not necessarily indicative of future results.

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December Heating Oil

December heating oil satisfied its first downside PriceCount objective and is reacting with a reversal higher. If the chart can resume its break with new sustained lows, the second count would project a possible slide to the 4.00 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at https://www.qtinfo.com/analysis/qt-chart-of-the-day/

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for Nov. 6th

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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

·    Current price and daily % change

·    30‑day and 52‑week highs/lows

·    PROPRIETARY Short‑term and long‑term trend signals

·    Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Daily Levels for Nov. 6th, 2026

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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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