{"id":16325,"date":"2020-10-23T12:12:39","date_gmt":"2020-10-23T20:12:39","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16325"},"modified":"2020-10-23T12:12:39","modified_gmt":"2020-10-23T20:12:39","slug":"cannon-futures-weekly-letter-issue-1026-levels-10-26-2020","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/cannon-futures-weekly-letter-issue-1026-levels-10-26-2020\/","title":{"rendered":"Cannon Futures Weekly Letter Issue # 1026 \u2013 Levels 10.26.2020"},"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
www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n
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Get Real Time updates and\u00a0market alerts on Twitter!<\/a><\/div>\n<\/div>\n<\/div>\n
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Trading Videos:<\/strong>\u00a0Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?<\/div>\n
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Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!<\/div>\n
In this blog entry today we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you<\/div>\n
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1. Using Bollinger Bands as a possible tool for exiting trades<\/div>\n
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop<\/div>\n
3. Different ways traders can utilize support and resistance levels in their trading.<\/div>\n
4. Entering trades on a stop, using “price confirmation”.<\/div>\n
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.<\/div>\n
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WATCH VIDEOS NOW<\/a><\/div>\n<\/div>\n
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By Ilan Levy-Mayer, VP<\/strong><\/div>\n
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This week\u2019s highlighted Market is Natural Gas futures. Natural Gas is part of the energy sector along with its cousins, Crude Oil, RBOB – Unleaded gas and heating oil. All traded on the NYMEX\/GLOBEX exchange.<\/div>\n
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Natural gas is still the nation’s dominant fuel source but democratic presidential nominee Joe Biden touted his $2 trillion clean energy plan seeks to end natural gas use within 15 years. No one knows what the result of the presidential election will be, but in between Nat Gas has seen heightened volatility.<\/div>\n
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Very volatile market with wild moves recently as well as large intraday trading ranges.<\/div>\n
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Natural Gas Futures Specs. (this market also offers a mini Nat Gas futures contract which is half the size)<\/div>\n
Hours:\u00a05:00 PM to 4:00 PM the following day, Central Time<\/div>\n
Margins:\u00a0$2970 initial, $2700 maintenance ( as of the date of this newsletter<\/div>\n
Point Value:\u00a0full point = $100 ( Example: 404.0 to 405.0 ). Min. price fluctuation is 0.1 = $10 ( Example: 404.1 to 404.2)<\/div>\n
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Settlement:\u00a0Physical, deliverable commodity<\/div>\n
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Months:\u00a0Monthly cycle, All Months<\/div>\n
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Weekly Options:\u00a0YES<\/div>\n
Some of the basic fundamentals to keep in mind when you are considering trading the Nat Gas market:<\/div>\n
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1. Longer term view of current market prices<\/div>\n
2. Supply and Demand<\/div>\n
3. Seasonality, i.e. heating and cooling cycles<\/div>\n
4. Be aware of Thursday morning\u2019s EIA gas storage report at 9:30 AM CDT<\/div>\n
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Our brokers here at Cannon will be happy to chat about the Natural Gas market, other energies, other futures, options, futures spreads and much more! Feel free to\u00a0contact us\u00a0<\/a>at any time.<\/div>\n<\/div>\n<\/div>\n
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Good Trading<\/strong><\/h3>\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 when it comes to Futures Trading.<\/p>\n

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Futures Trading Levels<\/strong><\/h3>\n

10-26-2020<\/p>\n

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Weekly Levels<\/strong><\/p>\n

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Reports, First Notice (FN), Last trading (LT) Days for the Week:<\/strong><\/div>\n
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www.mrci.com<\/a><\/div>\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<\/a>. 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 Get Real Time updates and\u00a0market alerts on Twitter! Trading Videos:\u00a0Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop? Watch the latest trading videos we have posted […]<\/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-16325","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\/16325","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=16325"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16325\/revisions"}],"predecessor-version":[{"id":16327,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16325\/revisions\/16327"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}