{"id":13943,"date":"2018-02-08T13:09:19","date_gmt":"2018-02-08T21:09:19","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=13943"},"modified":"2018-02-09T02:54:49","modified_gmt":"2018-02-09T10:54:49","slug":"volatile-markets-careful-grains-weather-updates-2-09-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/volatile-markets-careful-grains-weather-updates-2-09-2018\/","title":{"rendered":"Volatile Markets – Be Careful!! Grains Weather Updates…. 2.09.2018"},"content":{"rendered":"

____________________________________________________________________<\/em><\/strong><\/p>\n

Voted #1 Blog and #1 Brokerage Services on\u00a0\u00a0TraderPlanet<\/a>\u00a0 \u00a0for 2016!!<\/em><\/strong><\/p>\n

____________________________________________________________________<\/em><\/strong><\/p>\n

Dryness Extensive Across Southern Plains Wheat Belt<\/strong><\/p>\n

Moisture levels have remained very low across the majority of the hard red wheat belt in the central Plains throughout the winter, with moderate drought now widespread across eastern Colorado into central Oklahoma, and severe to extreme drought located in southern Kansas, Oklahoma, and much of central and northwestern Texas (see map below).<\/p>\n

The outlook for the next few weeks shows an upturn in moisture across the northern Plains, with Colorado and Nebraska likely to see some notable improvements in moisture in the form of snowfall. Meanwhile, moisture receipts will likely remain below normal across south central Kansas into west central Oklahoma and northwestern Texas. While moisture needs this time of year are very low for wheat as it remains in dormancy, an upturn in moisture will be critical for these areas once it emerges from dormancy.<\/p>\n

However, a drier pattern is expected to continue across the majority of the region in March, which will likely result in some significant stress as spring crop growth resumes. An upturn in rains is possible across the heart of the hard red wheat belt in April, though, which should begin to improve moisture supplies and crop conditions. The rains will be critical to prevent substantial yield reductions for the wheat crop.<\/p>\n

By: Don Keeney
\nSenior Ag Meteorologist
\nRadiant Solutions\u00a0 Read More with charts and other data at:\u00a0http:\/\/pages.cmegroup.com\/index.php\/email\/emailWebview<\/a><\/p>\n

<\/p>\n

With the recent volatility the CME have raised some of the overnight margins for stock index futures.<\/p>\n

Most of our clients enjoy $500 daytrading margins for the contracts below, depending on the platform and in rare cases market conditions. Few of the trading platforms will use % of overnight margins and\/or\u00a0 if you plan on holding positions more than intraday than note below:<\/p>\n

ES was $5,555 –> now $6,105<\/p>\n

NQ, $5,720 –> $6,380<\/p>\n

YM, $4,620 –> $5,280<\/p>\n

RTY, $3,245 –> $3,630<\/p>\n

NKD, $4,565 –> $5,280<\/p>\n

BE CAREFUL!! THESE ARE NOT “REGULAR OR NORMAL TIMES”<\/p>\n

Plan your trade, trade your plan and ALWAYS try to asses the risk\/ reward ratio you are about to trade.<\/p>\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.\u00a0 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

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

2-08-2018\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 March 2018<\/td>\n\u00a0SP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nBitCoin Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2770.33<\/td>\n6845.67<\/td>\n25789<\/td>\n1547.97<\/td>\n9813.33<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2728.42<\/td>\n6732.08<\/td>\n25359<\/td>\n1529.93<\/td>\n9251.67<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2660.83<\/td>\n6528.17<\/td>\n24661<\/td>\n1499.17<\/td>\n8768.33<\/td>\n<\/tr>\n
Pivot<\/td>\n2618.92<\/td>\n6414.58<\/td>\n24231<\/td>\n1481.13<\/td>\n8206.67<\/td>\n<\/tr>\n
Support 1<\/td>\n2551.33<\/td>\n6210.67<\/td>\n23533<\/td>\n1450.37<\/td>\n7723.33<\/td>\n<\/tr>\n
Support 2<\/td>\n2509.42<\/td>\n6097.08<\/td>\n23103<\/td>\n1432.33<\/td>\n7161.67<\/td>\n<\/tr>\n
Support 3<\/td>\n2441.83<\/td>\n5893.17<\/td>\n22405<\/td>\n1401.57<\/td>\n6678.33<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nApr. Gold<\/td>\nMar. Silver<\/td>\nMar. Crude Oil<\/td>\nMar.\u00a0 Bonds<\/td>\nMar.\u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1342.4<\/td>\n16.69<\/td>\n63.40<\/td>\n146\u00a0 9\/32<\/td>\n1.2401<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1333.4<\/td>\n16.56<\/td>\n62.74<\/td>\n145 20\/32<\/td>\n1.2362<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1326.9<\/td>\n16.45<\/td>\n61.58<\/td>\n144 30\/32<\/td>\n1.2317<\/td>\n<\/tr>\n
Pivot<\/td>\n1317.9<\/td>\n16.32<\/td>\n60.92<\/td>\n144\u00a0 9\/32<\/td>\n1.2279<\/td>\n<\/tr>\n
Support 1<\/td>\n1311.4<\/td>\n16.22<\/td>\n59.76<\/td>\n143 19\/32<\/td>\n1.2234<\/td>\n<\/tr>\n
Support 2<\/td>\n1302.4<\/td>\n16.09<\/td>\n59.10<\/td>\n142 30\/32<\/td>\n1.2195<\/td>\n<\/tr>\n
Support 3<\/td>\n1295.9<\/td>\n15.98<\/td>\n57.94<\/td>\n142\u00a0 8\/32<\/td>\n1.2150<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMar.\u00a0 Corn<\/td>\nMar. Wheat<\/td>\nMarch Beans<\/td>\nMar. SoyMeal<\/td>\nMar. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n370.4<\/td>\n469.6<\/td>\n1014.83<\/td>\n358.73<\/td>\n2.82<\/td>\n<\/tr>\n
Resistance 2<\/td>\n369.1<\/td>\n464.9<\/td>\n1005.42<\/td>\n352.37<\/td>\n2.79<\/td>\n<\/tr>\n
Resistance 1<\/td>\n367.4<\/td>\n460.6<\/td>\n996.58<\/td>\n347.03<\/td>\n2.74<\/td>\n<\/tr>\n
Pivot<\/td>\n366.1<\/td>\n455.9<\/td>\n987.17<\/td>\n340.67<\/td>\n2.71<\/td>\n<\/tr>\n
Support 1<\/td>\n364.4<\/td>\n451.6<\/td>\n978.3<\/td>\n335.3<\/td>\n2.7<\/td>\n<\/tr>\n
Support 2<\/td>\n363.1<\/td>\n446.9<\/td>\n968.92<\/td>\n328.97<\/td>\n2.63<\/td>\n<\/tr>\n
Support 3<\/td>\n361.4<\/td>\n442.6<\/td>\n960.08<\/td>\n323.63<\/td>\n2.59<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:\u00a0<\/strong><\/p>\n

http:\/\/app.bettertrader.co<\/p>\n

\"Economic<\/p>\n

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\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0\u00a0TraderPlanet\u00a0 \u00a0for 2016!! ____________________________________________________________________ Dryness Extensive Across Southern Plains Wheat Belt Moisture levels have remained very low across the majority of the hard red wheat belt in the central Plains throughout the winter, with moderate drought now widespread across eastern Colorado into central Oklahoma, and severe to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,235],"tags":[350,127,549,424],"class_list":["post-13943","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-index-futures","tag-economic-reports","tag-stock-index-futures","tag-trading-levels","tag-volatile-markets"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13943","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=13943"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13943\/revisions"}],"predecessor-version":[{"id":13947,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13943\/revisions\/13947"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=13943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=13943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=13943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}