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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.

Cannon Futures Weekly Newsletter Issue # 1050

Dear Traders,

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WATCH RECORDED WEBINAR: Introducing Micro Bitcoin Futures Micro-sized Bitcoin, major possibilities

Watch the recorded Webinar held on May 5th 2021:
In This Webinar You Will Learn:
• The evolution of cryptocurrency
• CME Group Micro Bitcoin product overview
• Explanation of Bitcoin Reference Rate and real-time index
• Difference in futures v spot transaction costs
• Scaling in and out with Micro Bitcoin Futures
• How to use Micro Bitcoin Futures to manage risk

Market Pick Review for the Week:

Daily chart of Copper Futures Below along with a quick insight:
In the end of April I wrote the following piece:
It happened to do so the following few days on the heels of general commodity “inflation”, demand and technical factors. Both copper and lumber used in building materials had a very powerful run up.
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.

 

Futures Trading Levels

5-10-2021

 

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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 herein 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 judgment in trading

Tags: > > > > > > > > > > > > > > Posted in: Future Trading News   | Weekly Newsletter  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
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