{"id":10025,"date":"2015-06-03T12:26:52","date_gmt":"2015-06-03T20:26:52","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=10025"},"modified":"2017-07-19T02:30:24","modified_gmt":"2017-07-19T10:30:24","slug":"futures-chart-patterns-economic-reports-6-04-2015","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-chart-patterns-economic-reports-6-04-2015\/","title":{"rendered":"Futures Chart Patterns & Economic Reports 6.04.2015"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
\n<\/strong>
\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Thursday June 4, 2015<\/a><\/strong>
\n<\/a><\/p>\n

Hello Traders,<\/strong><\/p>\n

For 2015 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

Voted #1 futures trading blog!<\/a><\/div>\n
\n

Hello Traders,\u00a0<\/b><\/p>\n

Before Your next Trade, learn to recognize charts and patterns<\/a>!<\/h2>\n

Learning the different types of charts and patterns will be another arsenal in your Trading Tools!<\/h2>\n

Ascending Triangle Futures Trading Chart Pattern<\/h2>\n

What is an Ascending Triangle Futures Chart Pattern?<\/strong><\/p>\n

An ascending triangle is a bullish futures pattern that can indicate a breakout in the upwards direction.<\/p>\n

How do I Recognize an Ascending Triangle Futures Chart Pattern?<\/strong><\/p>\n

An ascending triangle is formed when resistance remains flat and support rises.<\/p>\n

See the example below:<\/p>\n

What Does a Ascending Triangle Chart Pattern Mean?<\/strong><\/p>\n

The price will rise and fall within the triangle until support and resistance converge. At that point, the apex, breakout occurs, usually upwards.<\/p>\n

Broadening Top Futures Trading Chart Pattern<\/h2>\n

What is a Broadening Top Futures Chart Pattern?<\/strong><\/p>\n

A broadening top is a futures chart pattern that can occur on an upwards trend. It is generally classified as a reversal pattern but some traders argue that there is approximately a 50\/50 split between whether it tends to move upwards or downwards upon completion of the pattern. For this reason, it can often be avoided by traders. It can be viewed as the opposite of a\u00a0symmetrical triangle<\/a>.<\/p>\n

<\/p>\n

How Do I Recognize a Broadening Top Futures Chart Pattern?<\/strong><\/p>\n

A broadening top is comprised of diverging support and resistance lines and resembles a megaphone. The rising resistance line and falling support line continue until the trend reverses.<\/p>\n

To download the remaining PDFs on Recognizing Charts and Patterns,click here.<\/a><\/h3>\n<\/div>\n
\n

 <\/p>\n

GOOD TRADING<\/strong><\/p>\n<\/div>\n

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.<\/p>\n

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!<\/strong><\/p>\n

Futures Trading Levels<\/a><\/strong><\/p>\n

<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract June 2015<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2135.25<\/td>\n4581.92<\/td>\n18332<\/td>\n1285.47<\/td>\n97.56<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2128.00<\/td>\n4561.33<\/td>\n18248<\/td>\n1275.23<\/td>\n97.07<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2121.25<\/td>\n4542.42<\/td>\n18166<\/td>\n1269.87<\/td>\n96.21<\/td>\n<\/tr>\n
Pivot<\/td>\n2114.00<\/td>\n4521.83<\/td>\n18082<\/td>\n1259.63<\/td>\n95.72<\/td>\n<\/tr>\n
Support 1<\/td>\n2107.25<\/td>\n4502.92<\/td>\n18000<\/td>\n1254.27<\/td>\n94.87<\/td>\n<\/tr>\n
Support 2<\/td>\n2100.00<\/td>\n4482.33<\/td>\n17916<\/td>\n1244.03<\/td>\n94.38<\/td>\n<\/tr>\n
Support 3<\/td>\n2093.25<\/td>\n4463.42<\/td>\n17834<\/td>\n1238.67<\/td>\n93.52<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAug. Gold<\/td>\nJuly Silver<\/td>\nJuly Crude Oil<\/td>\nSept. Bonds<\/td>\nJune \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1211.0<\/td>\n17.16<\/td>\n63.06<\/td>\n154 7\/32<\/td>\n1.1554<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1203.3<\/td>\n16.98<\/td>\n62.24<\/td>\n153 5\/32<\/td>\n1.1421<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1194.5<\/td>\n16.74<\/td>\n60.97<\/td>\n151 14\/32<\/td>\n1.1347<\/td>\n<\/tr>\n
Pivot<\/td>\n1186.8<\/td>\n16.56<\/td>\n60.15<\/td>\n150 12\/32<\/td>\n1.1214<\/td>\n<\/tr>\n
Support 1<\/td>\n1178.0<\/td>\n16.32<\/td>\n58.88<\/td>\n148 21\/32<\/td>\n1.1140<\/td>\n<\/tr>\n
Support 2<\/td>\n1170.3<\/td>\n16.14<\/td>\n58.06<\/td>\n147 19\/32<\/td>\n1.1007<\/td>\n<\/tr>\n
Support 3<\/td>\n1161.5<\/td>\n15.90<\/td>\n56.79<\/td>\n145 28\/32<\/td>\n1.0933<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly SoyMeal<\/td>\nJuly Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n366.9<\/td>\n525.6<\/td>\n956.33<\/td>\n310.57<\/td>\n2.80<\/td>\n<\/tr>\n
Resistance 2<\/td>\n364.8<\/td>\n521.9<\/td>\n950.92<\/td>\n307.63<\/td>\n2.76<\/td>\n<\/tr>\n
Resistance 1<\/td>\n361.9<\/td>\n516.3<\/td>\n943.08<\/td>\n305.17<\/td>\n2.70<\/td>\n<\/tr>\n
Pivot<\/td>\n359.8<\/td>\n512.7<\/td>\n937.67<\/td>\n302.23<\/td>\n2.66<\/td>\n<\/tr>\n
Support 1<\/td>\n356.9<\/td>\n507.1<\/td>\n929.8<\/td>\n299.8<\/td>\n2.6<\/td>\n<\/tr>\n
Support 2<\/td>\n354.8<\/td>\n503.4<\/td>\n924.42<\/td>\n296.83<\/td>\n2.56<\/td>\n<\/tr>\n
Support 3<\/td>\n351.9<\/td>\n497.8<\/td>\n916.58<\/td>\n294.37<\/td>\n2.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
5. Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:09pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
ThuJun 4<\/td>\n<\/a>\u00a04:10am<\/td>\nEUR<\/td>\n<\/td>\nRetail PMI<\/td>\n<\/td>\n<\/td>\n<\/td>\n49.5<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nFrench 10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n0.98|1.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:30am<\/td>\nUSD<\/td>\n<\/td>\nChallenger Job Cuts y\/y<\/td>\n<\/td>\n<\/td>\n<\/td>\n52.8%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n280K<\/td>\n282K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised Nonfarm Productivity q\/q<\/td>\n<\/td>\n<\/td>\n-2.8%<\/td>\n-1.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised Unit Labor Costs q\/q<\/td>\n<\/td>\n<\/td>\n5.8%<\/td>\n5.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n119B<\/td>\n112B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n12:00pm<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Tarullo Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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 judgment in trading.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Thursday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67,61],"tags":[837,394,838],"class_list":["post-10025","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","category-futures-trading-2","tag-futures-chart-patterns","tag-futures-trading-charts","tag-futures-trading-patterns"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=10025"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10025\/revisions"}],"predecessor-version":[{"id":12920,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10025\/revisions\/12920"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=10025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=10025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=10025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}