{"id":11504,"date":"2016-08-03T12:17:20","date_gmt":"2016-08-03T20:17:20","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11504"},"modified":"2016-08-05T04:38:59","modified_gmt":"2016-08-05T12:38:59","slug":"market-trade-direction-attack","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/market-trade-direction-attack\/","title":{"rendered":"What Market to Trade? Which Direction to Attack?"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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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\u00a0August\u00a004, 20<\/a><\/strong>16<\/strong><\/a><\/p>\n

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

Stock index futures have been choppy recently and “counter trend” methods seem to work better than others. That will change once the market breaks down sooner or later and volatility returns.<\/p>\n

On the other hand we have markets like gold and crude that make big moves more often than not…just different type of personalities of different markets.<\/p>\n

One tool I have been using more and more recently, is the Edge. A daily newsletter published by ExitPoints.com which provides you what markets to pay attention to and WHICH direction to attack that specific market from.<\/p>\n

Today they provided me with two good ones, gold from the short side and crude oil from the long side.<\/p>\n

If you have not had a trial for this service, I recommend signing up for the FREE TRIAL<\/a> and then UTILIZING a Cannon broker to get a better feel on how one might use this newsletter and information.<\/p>\n

<\/p>\n

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

\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<\/div>\n

Futures Trading Levels<\/a><\/strong>\u00a0<\/strong><\/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
Contract Sept. 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2174.25<\/td>\n4767.25<\/td>\n18394<\/td>\n1230.13<\/td>\n96.15<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2166.25<\/td>\n4748.00<\/td>\n18338<\/td>\n1220.47<\/td>\n95.85<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2161.25<\/td>\n4736.50<\/td>\n18301<\/td>\n1215.23<\/td>\n95.68<\/td>\n<\/tr>\n
Pivot<\/td>\n2153.25<\/td>\n4717.25<\/td>\n18245<\/td>\n1205.57<\/td>\n95.38<\/td>\n<\/tr>\n
Support 1<\/td>\n2148.25<\/td>\n4705.75<\/td>\n18208<\/td>\n1200.33<\/td>\n95.21<\/td>\n<\/tr>\n
Support 2<\/td>\n2140.25<\/td>\n4686.50<\/td>\n18152<\/td>\n1190.67<\/td>\n94.91<\/td>\n<\/tr>\n
Support 3<\/td>\n2135.25<\/td>\n4675.00<\/td>\n18115<\/td>\n1185.43<\/td>\n94.74<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAug. Gold<\/td>\nSept. Silver<\/td>\nSept. Crude Oil<\/td>\nSept. Bonds<\/td>\nSept. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1384.5<\/td>\n21.05<\/td>\n43.74<\/td>\n173 30\/32<\/td>\n1.1305<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1379.0<\/td>\n20.91<\/td>\n42.45<\/td>\n173 9\/32<\/td>\n1.1275<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1371.7<\/td>\n20.69<\/td>\n41.77<\/td>\n172 23\/32<\/td>\n1.1222<\/td>\n<\/tr>\n
Pivot<\/td>\n1366.2<\/td>\n20.55<\/td>\n40.48<\/td>\n172 2\/32<\/td>\n1.1192<\/td>\n<\/tr>\n
Support 1<\/td>\n1358.9<\/td>\n20.32<\/td>\n39.80<\/td>\n171 16\/32<\/td>\n1.1139<\/td>\n<\/tr>\n
Support 2<\/td>\n1353.4<\/td>\n20.18<\/td>\n38.51<\/td>\n170 27\/32<\/td>\n1.1109<\/td>\n<\/tr>\n
Support 3<\/td>\n1346.1<\/td>\n19.96<\/td>\n37.83<\/td>\n170 9\/32<\/td>\n1.1056<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Corn<\/td>\nSept. Wheat<\/td>\nNov. Beans<\/td>\nDec. SoyMeal<\/td>\nSept. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n343.2<\/td>\n430.2<\/td>\n978.17<\/td>\n334.77<\/td>\n3.04<\/td>\n<\/tr>\n
Resistance 2<\/td>\n340.8<\/td>\n422.6<\/td>\n972.33<\/td>\n332.13<\/td>\n2.96<\/td>\n<\/tr>\n
Resistance 1<\/td>\n337.9<\/td>\n416.4<\/td>\n963.92<\/td>\n329.27<\/td>\n2.90<\/td>\n<\/tr>\n
Pivot<\/td>\n335.6<\/td>\n408.8<\/td>\n958.08<\/td>\n326.63<\/td>\n2.81<\/td>\n<\/tr>\n
Support 1<\/td>\n332.7<\/td>\n402.7<\/td>\n949.7<\/td>\n323.8<\/td>\n2.8<\/td>\n<\/tr>\n
Support 2<\/td>\n330.3<\/td>\n395.1<\/td>\n943.83<\/td>\n321.13<\/td>\n2.67<\/td>\n<\/tr>\n
Support 3<\/td>\n327.4<\/td>\n388.9<\/td>\n935.42<\/td>\n318.27<\/td>\n2.61<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

All times are Eastern time Zone (EST<\/a>)<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:15pm<\/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
ThuAug 4<\/span><\/td>\n<\/a>\u00a04:00am<\/span><\/td>\nEUR<\/td>\n<\/td>\n\n
ECB Economic Bulletin<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:10am<\/td>\nEUR<\/td>\n<\/td>\n\n
Retail PMI<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n48.5<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\n\n
French 10-y Bond Auction<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n0.16|2.5<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:00am<\/td>\nGBP<\/td>\n<\/td>\n\n
BOE Inflation Report<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
MPC Official Bank Rate Votes<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0-9-0<\/td>\n0-1-8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Monetary Policy Summary<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Official Bank Rate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.25%<\/td>\n0.50%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Asset Purchase Facility<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n375B<\/td>\n375B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
MPC Asset Purchase Facility Votes<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0-0-9<\/td>\n0-0-9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
BOE Gov Carney Speaks<\/span><\/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
Challenger Job Cuts y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n-14.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Unemployment Claims<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n265K<\/td>\n266K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
Factory Orders m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-1.8%<\/td>\n-1.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Natural Gas Storage<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n17B<\/td>\n<\/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 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.<\/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 Thursday\u00a0August\u00a004, […]<\/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":[7,16,210],"class_list":["post-11504","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","category-futures-trading-education","tag-futures-market","tag-futures-trading","tag-futures-trading-guide"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11504","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=11504"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11504\/revisions"}],"predecessor-version":[{"id":15175,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11504\/revisions\/15175"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}