{"id":11249,"date":"2016-05-12T12:20:06","date_gmt":"2016-05-12T20:20:06","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11249"},"modified":"2016-05-12T21:46:35","modified_gmt":"2016-05-13T05:46:35","slug":"learn-recognize-charts-patterns-trade-futures-5-13-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/learn-recognize-charts-patterns-trade-futures-5-13-2016\/","title":{"rendered":"Learn to Recognize Charts & Patterns to Trade Futures 5.13.2016"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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\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 Friday May 13, 20<\/strong><\/a><\/strong>16<\/strong><\/a><\/p>\n

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

For\u00a02016\u00a0I would like to wish all of you discipline and patience in your trading!<\/i><\/p>\n

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

Greetings!\u00a0<\/strong><\/p>\n

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<\/strong>\u00a0Before Your next Trade, learn to recognize charts and patterns!<\/strong><\/p>\n

Learning the different types of charts and patterns will be another arsenal in your Trading Tools! Ascending Triangle Futures Trading<\/a> Chart Pattern
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What is an Ascending Triangle Futures Chart Pattern?<\/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?<\/p>\n

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

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

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What Does\u00a0a Ascending\u00a0Triangle Chart Pattern Mean?<\/p>\n

View the rest<\/a><\/p>\n<\/div>\n

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<\/p>\n<\/div>\n<\/div>\n

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

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

Futures Trading Levels<\/a><\/strong>\u00a0<\/strong>\u00a0<\/em><\/p>\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
ontract June 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2096.42<\/td>\n4452.25<\/td>\n17939<\/td>\n1136.97<\/td>\n94.66<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2084.58<\/td>\n4417.00<\/td>\n17847<\/td>\n1127.53<\/td>\n94.41<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2072.17<\/td>\n4376.25<\/td>\n17758<\/td>\n1116.67<\/td>\n94.28<\/td>\n<\/tr>\n
Pivot<\/td>\n2060.33<\/td>\n4341.00<\/td>\n17666<\/td>\n1107.23<\/td>\n94.03<\/td>\n<\/tr>\n
Support 1<\/td>\n2047.92<\/td>\n4300.25<\/td>\n17577<\/td>\n1096.37<\/td>\n93.90<\/td>\n<\/tr>\n
Support 2<\/td>\n2036.08<\/td>\n4265.00<\/td>\n17485<\/td>\n1086.93<\/td>\n93.65<\/td>\n<\/tr>\n
Support 3<\/td>\n2023.67<\/td>\n4224.25<\/td>\n17396<\/td>\n1076.07<\/td>\n93.52<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/td>\nJuly Silver<\/td>\nJune Crude Oil<\/td>\nJune Bonds<\/td>\nJune \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1295.0<\/td>\n17.84<\/td>\n48.55<\/td>\n167 23\/32<\/td>\n1.1480<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1288.7<\/td>\n17.66<\/td>\n47.79<\/td>\n167 2\/32<\/td>\n1.1460<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1279.3<\/td>\n17.39<\/td>\n47.14<\/td>\n166 11\/32<\/td>\n1.1421<\/td>\n<\/tr>\n
Pivot<\/td>\n1273.0<\/td>\n17.21<\/td>\n46.38<\/td>\n165 22\/32<\/td>\n1.1401<\/td>\n<\/tr>\n
Support 1<\/td>\n1263.6<\/td>\n16.94<\/td>\n45.73<\/td>\n164 31\/32<\/td>\n1.1363<\/td>\n<\/tr>\n
Support 2<\/td>\n1257.3<\/td>\n16.76<\/td>\n44.97<\/td>\n164 10\/32<\/td>\n1.1343<\/td>\n<\/tr>\n
Support 3<\/td>\n1247.9<\/td>\n16.49<\/td>\n44.32<\/td>\n163 19\/32<\/td>\n1.1304<\/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>\nJune Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n401.4<\/td>\n476.8<\/td>\n1110.17<\/td>\n376.03<\/td>\n2.24<\/td>\n<\/tr>\n
Resistance 2<\/td>\n395.3<\/td>\n472.5<\/td>\n1098.83<\/td>\n371.87<\/td>\n2.21<\/td>\n<\/tr>\n
Resistance 1<\/td>\n392.2<\/td>\n470.3<\/td>\n1085.42<\/td>\n368.13<\/td>\n2.18<\/td>\n<\/tr>\n
Pivot<\/td>\n386.1<\/td>\n466.0<\/td>\n1074.08<\/td>\n363.97<\/td>\n2.15<\/td>\n<\/tr>\n
Support 1<\/td>\n382.9<\/td>\n463.8<\/td>\n1060.7<\/td>\n360.2<\/td>\n2.1<\/td>\n<\/tr>\n
Support 2<\/td>\n376.8<\/td>\n459.5<\/td>\n1049.33<\/td>\n356.07<\/td>\n2.09<\/td>\n<\/tr>\n
Support 3<\/td>\n373.7<\/td>\n457.3<\/td>\n1035.92<\/td>\n352.33<\/td>\n2.06<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports<\/strong><\/p>\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\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:03pm<\/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
FriMay 13<\/td>\n<\/a>\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
German Prelim GDP q\/q<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.6%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
German Final CPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.2%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:45am<\/td>\nEUR<\/td>\n<\/td>\n\n
French Prelim Non-Farm Payrolls q\/q<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Italian Prelim GDP q\/q<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
Construction Output m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n-2.8%<\/td>\n-0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Flash GDP q\/q<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.6%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
MPC Member Haldane Speaks<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
MPC Member Weale Speaks<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Core Retail Sales m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.6%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
PPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n-0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Retail Sales m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.3%<\/td>\n-0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Core PPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.1%<\/td>\n-0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim UoM Consumer Sentiment<\/div>\n<\/td>\n
<\/td>\n<\/td>\n89.9<\/td>\n89.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n13th-14th<\/td>\nUSD<\/td>\n<\/td>\n\n
Mortgage Delinquencies<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n4.77%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
Business Inventories m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n-0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Revised UoM Inflation Expectations<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n2.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by <\/span>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 judgement in trading.<\/span>
\n<\/strong><\/h3>\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 Friday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,61,358],"tags":[949,929,144,944],"class_list":["post-11249","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","category-futures-trading-education","tag-future-trading-news","tag-futures-trading-daily-support","tag-futures-trading-levels","tag-trade-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11249","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=11249"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11249\/revisions"}],"predecessor-version":[{"id":11253,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11249\/revisions\/11253"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}