{"id":14400,"date":"2018-07-02T12:07:13","date_gmt":"2018-07-02T20:07:13","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14400"},"modified":"2018-07-02T12:07:13","modified_gmt":"2018-07-02T20:07:13","slug":"trading-futures-spreads-support-resistance-levels-7-03-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-futures-spreads-support-resistance-levels-7-03-2018\/","title":{"rendered":"Trading Futures Spreads + Support & Resistance Levels 7.03.2018"},"content":{"rendered":"

____________________________________________________________________<\/span><\/b><\/em><\/p>\n

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

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Dear Traders,<\/p>\n

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Like us on Facebook!<\/div>\n
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Trading Futures Spreads – Basic But Important Strategy<\/strong><\/div>\n
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By: Mark O’Brien, Cannon Trading Commodities Broker<\/div>\n
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Over my 20+ year career as a\u00a0commodities broker<\/a>, I have studied and traded a wide range of approaches to trading the futures markets.\u00a0 From candlestick formations to the commodity channel index, from condors to turtle trading, there\u2019s an enormous catalog of tools and methods available for traders to consider.<\/div>\n

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\u00a0One method I have noticed is surprisingly underrepresented among retail traders is futures spread trading, where a single position in the market consists of the simultaneous purchase of one futures contract and sale of a related futures contract as a unit.\u00a0 I call it surprising because some of the most invested players in futures trading – and arguably the most sophisticated – include large speculators and commercial firms who regularly employ spreads.\u00a0 This includes traders in the markets who often actually buy and sell the physical commodities we trade.\u00a0 Farmers, ranchers and other food growers along with food producers, petroleum companies who either drill for oil or natural gas or refine these products – or both, financial institutions with enormous holdings in treasuries, equities or currencies, mining interests and their buyers – all these areas of production and distribution employ spreads from time to time as an important aspect of their businesses.\u00a0 Indeed, spread trading is a fundamental and essential part of the commodities futures markets.<\/div>\n
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To read the remaining article on Trading Futures Spreads please\u00a0click here<\/a><\/div>\n<\/div>\n
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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

07-03-2018<\/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 September 2018<\/td>\n\u00a0SP500 #ES_F<\/td>\nNasdaq100\u00a0 #NQ_F<\/td>\nDow Jones\u00a0 #YM_F<\/td>\nMini Russell #RTY_F<\/td>\nBitCoin Index #XBT_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2767.50<\/td>\n7294.42<\/td>\n24697<\/td>\n1694.87<\/td>\n7815.06<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2748.00<\/td>\n7206.83<\/td>\n24510<\/td>\n1677.33<\/td>\n7242.59<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2737.50<\/td>\n7162.67<\/td>\n24399<\/td>\n1668.37<\/td>\n6932.17<\/td>\n<\/tr>\n
Pivot<\/td>\n2718.00<\/td>\n7075.08<\/td>\n24212<\/td>\n1650.83<\/td>\n6359.70<\/td>\n<\/tr>\n
Support 1<\/td>\n2707.50<\/td>\n7030.92<\/td>\n24101<\/td>\n1641.87<\/td>\n6049.28<\/td>\n<\/tr>\n
Support 2<\/td>\n2688.00<\/td>\n6943.33<\/td>\n23914<\/td>\n1624.33<\/td>\n5476.81<\/td>\n<\/tr>\n
Support 3<\/td>\n2677.50<\/td>\n6899.17<\/td>\n23803<\/td>\n1615.37<\/td>\n5166.39<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAugust Gold #GC_F<\/td>\nSept. Silver #SI-F<\/td>\nAug. Crude Oil #CL-F<\/td>\nSept.\u00a0 Bonds\u00a0 #ZB_F<\/td>\nSept.\u00a0 Euro #6E_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1266.5<\/td>\n16.49<\/td>\n76.51<\/td>\n145 30\/32<\/td>\n1.1827<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1261.1<\/td>\n16.34<\/td>\n75.43<\/td>\n145 21\/32<\/td>\n1.1788<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1251.5<\/td>\n16.11<\/td>\n74.67<\/td>\n145\u00a0 7\/32<\/td>\n1.1735<\/td>\n<\/tr>\n
Pivot<\/td>\n1246.1<\/td>\n15.96<\/td>\n73.59<\/td>\n144 30\/32<\/td>\n1.1695<\/td>\n<\/tr>\n
Support 1<\/td>\n1236.5<\/td>\n15.73<\/td>\n72.83<\/td>\n144 16\/32<\/td>\n1.1642<\/td>\n<\/tr>\n
Support 2<\/td>\n1231.1<\/td>\n15.58<\/td>\n71.75<\/td>\n144\u00a0 7\/32<\/td>\n1.1603<\/td>\n<\/tr>\n
Support 3<\/td>\n1221.5<\/td>\n15.35<\/td>\n70.99<\/td>\n143 25\/32<\/td>\n1.1550<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec.\u00a0 Corn #ZC_F<\/td>\nSept. Wheat #ZW_F<\/td>\nNov. Beans #ZS_F<\/td>\nDec. SoyMeal #ZM_F<\/td>\nAug. Nat Gas #NG_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n377.6<\/td>\n521.7<\/td>\n895.92<\/td>\n338.90<\/td>\n2.98<\/td>\n<\/tr>\n
Resistance 2<\/td>\n373.7<\/td>\n513.1<\/td>\n889.33<\/td>\n335.80<\/td>\n2.96<\/td>\n<\/tr>\n
Resistance 1<\/td>\n366.3<\/td>\n496.7<\/td>\n879.42<\/td>\n331.70<\/td>\n2.91<\/td>\n<\/tr>\n
Pivot<\/td>\n362.4<\/td>\n488.1<\/td>\n872.83<\/td>\n328.60<\/td>\n2.88<\/td>\n<\/tr>\n
Support 1<\/td>\n355.1<\/td>\n471.7<\/td>\n862.9<\/td>\n324.5<\/td>\n2.8<\/td>\n<\/tr>\n
Support 2<\/td>\n351.2<\/td>\n463.1<\/td>\n856.33<\/td>\n321.40<\/td>\n2.81<\/td>\n<\/tr>\n
Support 3<\/td>\n343.8<\/td>\n446.7<\/td>\n846.42<\/td>\n317.30<\/td>\n2.76<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

https:\/\/www.forexfactory.com<\/a><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n3:32pm<\/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
MonJul 2<\/span><\/td>\n3:15am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
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Spanish Manufacturing PMI<\/span><\/div>\n<\/td>\n
<\/td>\n53.4<\/td>\n53.6<\/td>\n53.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:45am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
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Italian Manufacturing PMI<\/span><\/div>\n<\/td>\n
<\/td>\n53.3<\/span><\/td>\n52.6<\/td>\n52.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:50am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
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French Final Manufacturing PMI<\/span><\/div>\n<\/td>\n
<\/td>\n52.5<\/span><\/td>\n53.1<\/td>\n53.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:55am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
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German Final Manufacturing PMI<\/span><\/div>\n<\/td>\n
<\/td>\n55.9<\/td>\n55.9<\/td>\n55.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
\n
Final Manufacturing PMI<\/span><\/div>\n<\/td>\n
<\/td>\n54.9<\/td>\n55.0<\/td>\n55.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
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Italian Monthly Unemployment Rate<\/span><\/div>\n<\/td>\n
<\/td>\n10.7%<\/span><\/td>\n11.1%<\/td>\n11.0%<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
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Manufacturing PMI<\/span><\/div>\n<\/td>\n
<\/td>\n54.4<\/td>\n54.1<\/td>\n54.3<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
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Unemployment Rate<\/span><\/div>\n<\/td>\n
<\/td>\n8.4%<\/span><\/td>\n8.5%<\/td>\n8.4%<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:45am<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
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Final Manufacturing PMI<\/span><\/div>\n<\/td>\n
<\/td>\n55.4<\/span><\/td>\n54.6<\/td>\n54.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
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ISM Manufacturing PMI<\/span><\/div>\n<\/td>\n
<\/td>\n60.2<\/span><\/td>\n58.2<\/td>\n58.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
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Construction Spending m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n0.4%<\/td>\n0.5%<\/td>\n0.9%<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
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ISM Manufacturing Prices<\/span><\/div>\n<\/td>\n
<\/td>\n76.8<\/span><\/td>\n74.3<\/td>\n79.5<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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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\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, Like us on Facebook! www.facebook.com\/CannonTrading Trading Futures Spreads – Basic But Important Strategy By: Mark O’Brien, Cannon Trading Commodities Broker Over my 20+ year career as a\u00a0commodities broker, I have studied and traded a wide range of approaches to trading the futures […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-14400","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14400","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=14400"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14400\/revisions"}],"predecessor-version":[{"id":14401,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14400\/revisions\/14401"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}