{"id":22316,"date":"2025-10-30T13:32:35","date_gmt":"2025-10-30T20:32:35","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22316"},"modified":"2025-10-30T13:32:35","modified_gmt":"2025-10-30T20:32:35","slug":"trading-fyi","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-fyi\/","title":{"rendered":"Trading Classification for Beginners, December Dollar Index, NEW Webinar Nov. 12th, Levels, Reports; Your 5 Important Must-Knows for Trading Futures on October 31st, 2025"},"content":{"rendered":"\n\n\n
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Classify the Trading Day<\/h1>\n

By Ilan Levy-Mayer, VP<\/em><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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At-a-Glance Levels<\/h1>\n
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Instrument<\/th>\nS2<\/th>\nS1<\/th>\nPivot<\/th>\nR1<\/th>\nR2<\/th>\n<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
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Gold (GC)<\/strong><\/h2>\n

\u2014 Dec (GCZ5)<\/td>\n

3886.53<\/td>\n3961.37<\/td>\n3999.93<\/td>\n4074.77<\/td>\n4113.33<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Dec (SIZ5)<\/td>\n

46.47<\/td>\n47.59<\/td>\n48.21<\/td>\n49.33<\/td>\n49.95<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 Dec (CLZ5)<\/td>\n

59.07<\/td>\n59.66<\/td>\n60.22<\/td>\n60.81<\/td>\n61.37<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Dec. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Dec (ZBZ5)<\/td>\n

116 28\/32<\/td>\n117 8\/32<\/td>\n117 22\/32<\/td>\n118 2\/32<\/td>\n118 16\/32<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Classify the trading day \u2014 quick guide for beginners<\/h1>\n

\"trading<\/p>\n

Knowing the day type early helps you pick the right strategy: fade on choppy days, trend-follow on volatile days, and use spreads or small size on mixed\/news days.<\/p>\n

Simple pre-open checks (do these first)<\/h2>\n
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  • Gap size: big gap \u2192 possible trend; small gap \u2192 likely chop.<\/li>\n
  • Pre-market volume: heavy and one-sided \u2192 continuation bias; thin \u2192 false breaks.<\/li>\n
  • News: major headlines \u2192 higher odds of volatility.<\/li>\n
  • Correlated markets: bonds, oil, FX aligned with equities \u2192 directional day.<\/li>\n<\/ul>\n

    First 15 minutes checks<\/h2>\n
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    • Open auction: clean one-sided auction + follow-through \u2192 trending; repeated rejections \u2192 choppy.<\/li>\n
    • VWAP action: price runs away from VWAP \u2192 trend; price crossing VWAP repeatedly \u2192 mean reversion.<\/li>\n
    • Open range vs ATR: open range large vs ATR \u2192 favor momentum; small \u2192 favor range trades.<\/li>\n<\/ul>\n

      Fast decision rules<\/h2>\n
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      • If 3+ trending signals \u2192 use breakout\/momentum play with trailing stop.<\/li>\n
      • If 3+ non-trending signals \u2192 use small targets, fade to VWAP\/open range.<\/li>\n
      • If mixed or headline-driven \u2192 cut size, use same\u2011day options or trade spreads.<\/li>\n<\/ul>\n

        Beginner checklist (60 seconds)<\/h2>\n
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        1. Gap: big \/ small.<\/li>\n
        2. Pre-market volume: heavy \/ thin.<\/li>\n
        3. News present: yes \/ no.<\/li>\n
        4. First 15 min: follow-through \/ oscillation.<\/li>\n
        5. If majority = trend \u2192 trend plan. If majority = chop \u2192 fade plan.<\/li>\n<\/ol>\n

          Start small, follow these checks every morning, and track which signals worked so you can refine thresholds over time.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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Dec. Dollar Index<\/h2>\n

The December dollar index completed its second upside PriceCount objective to the 99.60 level which is consistent with a challenge of the August reversal high. If the chart can break out from here with new sustained highs, the third count would project a possible run to the 101.395 area.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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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. <\/em><\/p>\n

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 www.qtchartoftheday.com<\/em><\/p>\n

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.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Daily Levels for Oct. 30th, 2025<\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Want to feature our updated trading levels on your website?\u00a0Simply paste a small code, and they’ll update automatically every day!<\/em><\/h3>\n

\u00a0Click here for quick and easy instructions<\/a>.<\/em><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Economic Reports<\/h2>\n

\u00a0U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation<\/p>\n

provided by:\u00a0<\/a>ForexFactory.com<\/a><\/p>\n

All times are Central Time ( Chicago)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Find us on Trustpilot<\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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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.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Call Now<\/a><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Join our\u00a0Private Facebook group<\/a><\/p>\n

Subscribe to our\u00a0YouTube Channel<\/a><\/p>\n

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Cannon Trading Co., Inc.<\/span><\/em><\/p>\n

12100 Wilshire Blvd<\/span><\/em><\/p>\n

Suite 1640<\/span><\/em><\/p>\n

Los Angeles, CA 90025 US<\/span><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Classify the Trading Day By Ilan Levy-Mayer, VP At-a-Glance Levels Instrument S2 S1 Pivot R1 R2 Gold (GC) \u2014 Dec (GCZ5) 3886.53 3961.37 3999.93 4074.77 4113.33 Silver (SI) \u2014 Dec (SIZ5) 46.47 47.59 48.21 49.33 49.95 Crude Oil (CL) \u2014 Dec (CLZ5) 59.07 59.66 60.22 60.81 61.37 \u00a0Dec. Bonds (ZB) \u2014 Dec (ZBZ5) 116 28\/32 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239,234],"tags":[1889,596,16,952],"class_list":["post-22316","post","type-post","status-publish","format-standard","hentry","category-financial-futures","category-trading-guide","tag-beginners","tag-dollar-index","tag-futures-trading","tag-trading-guide"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22316","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\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=22316"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22316\/revisions"}],"predecessor-version":[{"id":22318,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22316\/revisions\/22318"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}