{"id":18586,"date":"2023-06-09T12:27:05","date_gmt":"2023-06-09T20:27:05","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18586"},"modified":"2023-06-09T12:27:05","modified_gmt":"2023-06-09T20:27:05","slug":"weekly-newsletter-1149-the-rising-wedge-trading-pattern-levels-for-june-12th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-1149-the-rising-wedge-trading-pattern-levels-for-june-12th\/","title":{"rendered":"Weekly Newsletter 1149: The Rising Wedge Trading Pattern + Levels for June 12th"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1149<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p>Join our\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener noreferrer\">private Facebook group\u00a0<\/a>for additional insight into trading and the futures markets!<\/p>\n<p>Have a safe Memorial Day Weekend.\u00a0<a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/memorial-day-2023-holiday-schedule-for-cme-globex-and-ice-exchange\/\" target=\"_blank\" rel=\"noopener noreferrer\">Trading Schedule HERE<\/a><\/p>\n<div>\n<h3>In this issue:<\/h3>\n<ul>\n<li>Important Notices &#8211;\u00a0Rollover Notice<\/li>\n<li>Trading Resource of the Week &#8211;\u00a0Trading Pattern: Rising Wedge also known as Ascending Triangle<\/li>\n<li>Hot Market of the Week &#8211;\u00a0July Unleaded Gasoline<\/li>\n<li>Broker&#8217;s Trading System of the Week &#8211;\u00a0Unleaded Gas Swing Trading System<\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<\/div>\n<ul>\n<li>\n<h3>Important Notices &#8211; Rollover Notice<\/h3>\n<\/li>\n<\/ul>\n<div>\n<div>\n<p>&nbsp;<\/p>\n<div align=\"center\">Rollover is here for stock indices. i.e., the E-mini and Micro<a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-SP-500-Futures\"> S&amp;P<\/a>, <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-NASDAQ-100-Futures\">Nasdaq<\/a>, <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-Dow-Jones-Futures\">Dow Jones<\/a> and <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-Russell-2000-Futures\">Russell 2000.<\/a><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">I personally start trading September this Monday when the volume on September is higher than the June.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\u00a0\u00a0Volume in the\u00a0June\u00a0contracts will begin to drop off until their\u00a0expiration next\u00a0Friday, June 16th\u00a0(8:30 A.M., Central Time). At that point, trading in these contracts halts.\u00a0Stock index futures are CASH SETTLED contracts.\u00a0If you hold any June futures contracts through 8:30 A.M., Central Time on\u00a0Friday, June 16th, they will be offset with the cash settlement price, as set by the exchange.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\u00a0Monday,\u00a0June 19th\u00a0is Last Trading Day for June currency futures.\u00a0It is of the utmost importance for currency traders to exit all June futures contracts by Friday, June 16th\u00a0and to start trading the September futures.\u00a0Currency futures are DELIVERABLE contracts.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">The month code for\u00a0September\u00a0is\u00a0\u2018U.\u2019\u00a0\u00a0Please consider carefully how you place orders when changing over.<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<div style=\"text-align: center;\">\n<p><strong>Trading Resource of the Week &#8211;<\/strong><\/p>\n<div><strong>Trading Pattern: Rising Wedge also known as Ascending Triangle<\/strong><\/div>\n<div>By Joe Easton, Senior Broker<\/div>\n<div><\/div>\n<div style=\"text-align: left;\">\n<div>\n<div>Formation:<\/div>\n<ul>\n<li>This pattern is defined as price narrowing from a wider range to a smaller range while making higher highs and higher lows.<\/li>\n<li>\u00a0This pattern is a bearish reversal signal suggesting a possible minor retracement or potential trend change.<\/li>\n<li>\u00a0\u00a0Typically new highs are seen on lower volume.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/d4badedd-b594-4420-9b57-fe028b95443c.png\" alt=\"\" title=\"\"><\/p>\n<\/div>\n<p>Try a<a href=\"https:\/\/ibportal.gainfutures.com\/DemoSetup?WLID=20\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0FREE demo of the platform<\/a> used to show the charts in this educational article. The platform is FREE and has charts, news, DOM, T&amp;S, Alerts, advanced order entry, options and MUCH MORE!<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/815c4ebf-199d-4d1d-9d35-dc12060f97ba.png\" alt=\"\" title=\"\"><\/p>\n<\/div>\n<div style=\"text-align: left;\">\n<div>As provided in the examples above the range is narrowing toward the top of the wedge, while still making new highs. This causes a converging of trendlines to make the triangle pointing upward. Ideally this pattern breaks the lower trendline between 65-75% of completion. If the price action continues to the end of the triangle the breakout becomes less likely. Ascending triangles can also be continuation signals in a downtrend, although they have a lower probability.<\/div>\n<div><\/div>\n<div><strong>How to Trade:<\/strong><\/div>\n<div>The ideal entry is toward the top trendline near the 60% level, this gives you a better position inside the triangle. If entered on this line your stop should be above the upper trendline.<\/div>\n<div>The more conservative entry would be when the lower trendline is broken. This can happen very quickly and needs to be timed more accurately. Using the lower trendline entry the stop is placed above the lower trendline before re-entering the wedge. If the price trades back into the wedge after breaking, the pattern has less likely chance of success. Ideally when the lower trendline is broken price accelerates quickly lower.<\/div>\n<div>When price breaks out you can measure the triangle at the widest section and project price to reach that same distance from the lower trendline.<\/div>\n<div><\/div>\n<div><strong>Summary:<\/strong><\/div>\n<div>Ascending Triangles can be strong trading patterns provided the formation remains in tact. Unlike many other patterns when an ugly formation can actually be beneficial, this pattern is much more precise. Any closes above the upper trendline or below the lower trendline should continue in that direction. The price action needs to remain inside the trendlines and breakout before the end to maximize the chance of success.<\/div>\n<div><\/div>\n<div><strong>Important:<\/strong> Trading commodity futures and options involves a substantial risk of loss.<\/div>\n<div>The recommendations contained in this chart are of opinion only and do not guarantee any profits.<\/div>\n<div>Past performances are not necessarily indicative of future results<\/div>\n<\/div>\n<div><\/div>\n<div align=\"justify\"><\/div>\n<ul>\n<li><a href=\"https:\/\/attendee.gotowebinar.com\/register\/3653796317657144918\" target=\"_blank\" rel=\"noopener noreferrer\">Expand Your Trading Arsenal Now!<\/a><\/li>\n<\/ul>\n<div align=\"left\"><\/div>\n<\/div>\n<p><a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=0017RzR1wcU39ny85hiIhSLUGklcl5RJcPVswvPUczYEwMhTybqLIKLLgjTE61WbHEAzZP_6NpsS9kSmybv1SR70Eoyca9K7zs71i7qurtRudVVLPG1OgWZsUL4t2PV6AC_jGeIWWxQIWV1cTC5cZHDwbQ-yfbvhpwABqEry4CtvPjm0QdfmpTMgg==&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">A Cannon broker<\/a>\u00a0will be able to assist, provide feedback and answer any questions.<\/p>\n<div align=\"center\"><\/div>\n<div>\n<p>&nbsp;<\/p>\n<\/div>\n<div align=\"center\">\n<ul>\n<li><strong>Hot Market of the Week &#8211; <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/RBOB-Gasoline-Futures\">July Unleaded Gasoline<\/a><\/strong><\/li>\n<\/ul>\n<div><\/div>\n<div>Hot market of the week is provided by QT Market Center,\u00a0A swiss army knife charting package that&#8217;s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.cannontrading.com\/software\/qt-market-center\" target=\"_blank\" rel=\"noopener noreferrer\">FREE TRIAL AVAILABLE<\/a><\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/RBOB-Gasoline-Futures\">July unleaded gasoline<\/a> satisfied its first upside PriceCount Objective and appears to be entering a corrective trade, which is a normal reaction. From here, if chart can sustain further upside it would have to contend with the April highs before it can reach the second count to 2.80 .<\/div>\n<div><\/div>\n<div align=\"center\">PriceCounts &#8211; Not about where we&#8217;ve been , but where we might be going next!<\/div>\n<\/div>\n<div style=\"text-align: center;\" align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/46b60b32-56e1-4d9c-99ba-1f9bf55b44dc.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div>\n<div>The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at\u00a0<a href=\"http:\/\/www.qtchartoftheday.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.qtchartoftheday.com<\/a><\/div>\n<div><\/div>\n<div>Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.<\/div>\n<\/div>\n<div style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3b644da2-2bee-4d39-8d98-5208a20bec39.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<ul>\n<li>\n<h3><a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001zny8lGqtfXPYeY09EseNDkhWdSiiVJVTEImmHILx1zWCF1h3Rwlqw7PDdC8kRrQ9IdJGw7X66UcgtwSDCAQqtR_wYaa-fqAeb3R6jmtQP7UlxyMLfPcUrwwkgY4xCJZ-IgQANPEvb-z34Idm5ikdO-cbvn8ITvXsaYOHLHFmOeokvMdu9WwtESuHKDjoQFgQDtmgSJb7pnE=&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">Broker&#8217;s Trading System of the Week<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div>\n<div>With\u00a0algorithmic\u00a0trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker&#8217;s choice for this month.<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=17519\" target=\"_blank\" rel=\"noopener\"><strong>Swing71Plus Cont MK _ v.21<\/strong><\/a><\/div>\n<div><\/div>\n<div><strong>PRODUCT<\/strong><\/div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/RBOB-Gasoline-Futures\">Unleaded gas<\/a><\/div>\n<div><strong>SYSTEM TYPE<\/strong><\/div>\n<div>Swing<\/div>\n<div><strong>Recommended Cannon Trading Starting Capital<\/strong><\/div>\n<div>$20,000<\/div>\n<div><strong>COST<\/strong><\/div>\n<div>USD 145 \/ monthly<\/div>\n<\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/ce037eaa-e827-4f67-88bd-1c055be1812e.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div>The performance shown above is hypothetical in that the chart represents returns in a model account. The model\u00a0account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant\u00a0to the listed system\u2019s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available \u2013\u00a0by the hypothetical single contract profit and loss of trades generated by the system\u2019s trading signals on that day in\u00a0real time (real\u2010time) less slippage, or if no real time profit or loss available \u2013 by the hypothetical single contract profit\u00a0and loss of trades generated by running the system logic backwards on back adjusted data.\u00a0<a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001zny8lGqtfXPYeY09EseNDkhWdSiiVJVTEImmHILx1zWCF1h3Rwlqw0n26ZAEwOPyqsblA8LEGD6u5R7jNok446VgB6xtWcJGwXR5-6cP_YxzjVl9YoemkQ1yy4qmIybYp7qv-G6i11feAhAC6Nlu2i58nY0c77pbASKTXspa7zIa131NP0q-07Gezax3jLIO9ss1CPQYgW-JeGde_eguoA==&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">Please read full disclaimer HERE.<\/a><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<div>\n<div>Sign Up for a<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0Free Personalized Consultation<\/a>\u00a0with a Broker from Cannon Trading Company<\/div>\n<div>Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary,\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">confidential consultation<\/a>\u00a0with a Cannon Trading Company series 3 broker.<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<ul>\n<li>\n<h3>Trading Levels for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div style=\"text-align: left;\" align=\"center\"><strong>Daily Levels for June 12th, 2022<\/strong><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<figure style=\"width: 576px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/87aa52c6-70f7-4129-989a-8c6e11856b1d.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"576\" height=\"708\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<table class=\"poll-question\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"editor-text\" align=\"left\" valign=\"top\">\n<div><span data-entity-ref=\"POLL.ca-1664310937429.question_1_text\">Would you like to receive daily support &amp; resistance levels?<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\">\n<table class=\"poll-answer\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"editor-text\" align=\"left\" valign=\"middle\">\n<div><span data-entity-ref=\"POLL.ca-1664310937429.question_1_choice_1_text\">Yes<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"poll-button\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"right\" bgcolor=\"#3661BD\">\n<tbody>\n<tr>\n<td align=\"center\" valign=\"top\">\n<div><a href=\"https:\/\/campaignlp.constantcontact.com\/forms\/response?id=tiLlM7NobJmOjaKfyyForBFmeH3eO8r7_RYE_A-4Vp_O4UAAHgwC8r2U1wW5-uegFBI60m0ykJnfKqYOkXfE67CebXsf8ClGEMIAsr9DDFAgAvwptIjCTzfKXsOtrxIpBb79xp2tJaxWTJwLcwTJZ27B5lUkRveoTAksJSt0ZaxMvkril64Qc6CnrGOwJm3yuzWk_BooTyXFYMefTsr-aw&amp;encVer=1&amp;c=&amp;ch=&amp;mode=preview\" target=\"_blank\" rel=\"noopener\">Select<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"divider-base divider-dashed\" align=\"center\" valign=\"top\" width=\"100%\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"center\" height=\"1\">\n<div><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/1101116784221\/S.gif\" alt=\"\" width=\"5\" height=\"1\" border=\"0\" hspace=\"0\" vspace=\"0\" title=\"\"><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\">\n<table class=\"poll-answer\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"editor-text\" align=\"left\" valign=\"middle\">\n<div><span data-entity-ref=\"POLL.ca-1664310937429.question_1_choice_2_text\">No<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"poll-button\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"right\" bgcolor=\"#3661BD\">\n<tbody>\n<tr>\n<td align=\"center\" valign=\"top\">\n<div><a href=\"https:\/\/campaignlp.constantcontact.com\/forms\/response?id=tiLlM7NobJmOjaKfyyForBFmeH3eO8r7_RYE_A-4Vp_O4UAAHgwC8r2U1wW5-uegFBI60m0ykJnfKqYOkXfE67CebXsf8ClGEMIAsr9DDFAgAvwptIjCTzfKXsOtrxIpBb79xp2tJaxWTJwLcwTJZ27B5lUkRveoTAksJSt0ZaxMvkril64Qc6CnrGOwJm3yuzWk_BooTyXXN6S9LkQxSg&amp;encVer=1&amp;c=&amp;ch=&amp;mode=preview\" target=\"_blank\" rel=\"noopener\">Select<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"divider-base divider-dashed\" align=\"center\" valign=\"top\" width=\"100%\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"center\" height=\"1\">\n<div><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/1101116784221\/S.gif\" alt=\"\" width=\"5\" height=\"1\" border=\"0\" hspace=\"0\" vspace=\"0\" title=\"\"><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"text-align: left;\"><strong>Weekly Levels<\/strong><\/p>\n<figure style=\"width: 580px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/b3ef575e-2716-4181-8d45-1ba9a35f18b5.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"580\" height=\"460\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<ul>\n<li>\n<h3>Trading Reports for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div><strong>First Notice (FN), Last trading (LT) Days for the Week: <\/strong><a href=\"http:\/\/www.mrci.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.mrci.com\u00a0<\/a><\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/4c73b71f-b0f6-4bdf-951b-4728c79ded0d.jpg\" alt=\"\" title=\"\"><\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<div class=\"pagearrange__layout-row full\" style=\"text-align: left;\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\"><\/div>\n<\/div>\n<\/div>\n<p style=\"text-align: left;\">This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. Any statement of facts herein 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 judgment in trading.<\/p>\n<p>&nbsp;<\/p>\n<div>Good Trading!<\/div>\n<div>Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You 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.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Futures Weekly Newsletter Issue # 1149 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! Have a safe Memorial Day Weekend.\u00a0Trading Schedule HERE In this issue: Important Notices &#8211;\u00a0Rollover Notice Trading Resource of the Week &#8211;\u00a0Trading Pattern: Rising Wedge also known as Ascending Triangle Hot Market of the Week &#8211;\u00a0July [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,231,230,67,61,344],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18586","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-commodity-brokers-2","category-day-trading-2","category-future-trading-news","category-futures-trading-2","category-indices","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18586","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=18586"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18586\/revisions"}],"predecessor-version":[{"id":18588,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18586\/revisions\/18588"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}