Trading Webinar tomorrow & Futures Levels 1.09.2020 - 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 Webinar tomorrow & Futures Levels 1.09.2020


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Dear Traders,

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What a difference a few hours make…..last night around 9 Pm EST the fear factor was extremely high. Stocks were down sharply. Gold & Bonds up sharply and crude oil up $3 or so….
“buy the fear, sell the greed”?
Few hours later stocks were green….by the close today, full and hard reversal, stocks made new high, gold reversed from highs more than $50….
THIS IS NOT OVER YET….don’t get too comfortable. Volatility is here and requires you, the trader , to adjust a few things:
Have an exit plan in case you are wrong…
Have a stop order/ perhaps options to hedge your bet if you really want to hang in there when the craziness hits…
understand that the bands are much wider both sides…profit wise and risk wise….
reduce trading size and be more selective in the trades you choose.
last but not least, most of our brokers were here during extremely volatile times….all the way back to 9.11.2001
The 2008 crash
Last February extreme moves and much more. Utilize the knowledge.

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 when it comes to Futures Trading.


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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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