{"id":22616,"date":"2026-02-09T13:25:44","date_gmt":"2026-02-09T21:25:44","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22616"},"modified":"2026-02-09T13:25:59","modified_gmt":"2026-02-09T21:25:59","slug":"your-futures","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/your-futures\/","title":{"rendered":"Futures Trading this Week PLUS: May Soybean Oil, New Crypto and Bitcoin Contracts, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on February 10th, 2026"},"content":{"rendered":"\n\n\n
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The Week Ahead for Futures Traders!<\/h1>\n

By Eli Gal Levy, Broker<\/em><\/h4>\n<\/div>\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 April (#GC)<\/td>\n

4943.73<\/td>\n5021.37<\/td>\n5066.23<\/td>\n5143.87<\/td>\n5188.73<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Mar. (#SI)<\/td>\n

76.11<\/td>\n79.77<\/td>\n81.77<\/td>\n85.43<\/td>\n87.43<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 Mar. (#CL)<\/td>\n

61.69<\/td>\n63.03<\/td>\n63.95<\/td>\n62.29<\/td>\n66.21<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Mar. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Mar. (#ZB)<\/td>\n

114 17\/32<\/td>\n115<\/td>\n115 11\/32<\/td>\n115 26\/32<\/td>\n116 5\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Futures Markets: The Week Ahead<\/h1>\n

\"futures\"<\/p>\n

Dow, S&P 500 Equal Weight Hit Fresh All-Time Highs, supported by money rotation away from non-tech areas of the market.\u00a0Selling pressure\u00a0accelerated, particularly in areas of the market associated with the software industry and cryptocurrency which translates to \u201crisk off\u201d. Money rotated into other areas of the market viewed as relative value\/safety play.<\/p>\n

Several sectors hit fresh all-time highs this week, such as industrials, materials, energy, and consumer staples, and the S&P Equal Weight index hit a fresh all-time high.<\/p>\n

Earnings reports continued to pour in this week, and the eye-popping hikes in capital expenditure *(CapEx) budgets from hyperscalers Google & Amazon generated a lot of buzz this week.<\/p>\n

The spending hikes signal confidence in AI, healthy demand, and suggest that the AI infrastructure buildout still has more room to run out of the 291 S&P 500 companies that have reported results, 65% have beat on the top line while 79% have beat on the bottom line.<\/p>\n

Revenue growth has been +9.25% year-over-year while EPS growth is tracking at 13.64%. FactSet is currently forecasting blended Q4 EPS growth for the SPX to be approximately 11.9-12.1%, while 2026 EPS growth is expected to be ~14.3-15.0%.<\/p>\n

It’s encouraging to see fresh all-time highs in the Dow and S&P Equal Weight indices. On the other hand, ask yourself whether Fridays sharp bounce-back in higher risk areas of the market, like software and crypto, is a legitimate signal of capitulation\/seller exhaustion, or whether it’s a short-term oversold bounce that will give in to more selling pressure next week. It’s impossible to know now only time will tell.<\/p>\n

We also saw deterioration in labor market data, though markets didn’t seem to react negatively to that news. We’ll get monthly jobs report Wednesday, if payrolls come in well below estimates, or unemployment makes a notable jump, will markets be able to shrug that off?<\/p>\n

DOW above 50K; Every sell the news on MAG 7 stocks was absorbed with buying in heavy industrials, financials and value, we saw leadership in staples. If you look at the broad economy stocks such as FedX the stock is up 25% for the year. The market is pointing that it believes that will get a spring higher in broad earnings growth and were gonna run a hot economy. The question is whether the market priced that in yet or not.<\/p>\n

RSI, was at 20 for Gold, Silver, MSFT, ORCL, PLTR. We saw the bottom for now the question is what happens with this rally and how to play it?<\/p>\n

What happened in the futures commodity markets this week<\/h1>\n

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Name<\/th>\nExchange<\/th>\nClass<\/th>\nExchange Symbol<\/th>\nCQG Symbol<\/th>\nSize<\/th>\n<\/tr>\n
nano XRP<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nXRP<\/td>\nXRP<\/td>\n500 XRP<\/td>\n<\/tr>\n
XRP<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nXRL<\/td>\nXRL<\/td>\n10,000 XRP<\/td>\n<\/tr>\n
nano XRP Perp-Style<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nXPP<\/td>\nXPP<\/td>\n500 XRP<\/td>\n<\/tr>\n
nano Solana<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nSOL<\/td>\nSOL<\/td>\n5 Solana<\/td>\n<\/tr>\n
nano Solana Perp-Style<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nSLP<\/td>\nSLP<\/td>\n5 Solana<\/td>\n<\/tr>\n
Solana<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nSLC<\/td>\nSLC<\/td>\n100 Solana<\/td>\n<\/tr>\n
nano Ether Perp-Style<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nETP<\/td>\nETP<\/td>\n0.1 Ethereum<\/td>\n<\/tr>\n
Ether<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nETI<\/td>\nETI<\/td>\n10 Ethereum<\/td>\n<\/tr>\n
nano Ether<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nET<\/td>\nNET<\/td>\n0.1 Ethereum<\/td>\n<\/tr>\n
nano Bitcoin<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nBIT<\/td>\nBIT<\/td>\n0.01 Bitcoin<\/td>\n<\/tr>\n
nano Bitcoin Perp-Style<\/a><\/td>\nCoinbase<\/td>\nCrypto<\/td>\nBIP<\/td>\nBIP<\/td>\n0.01 Bitcoin<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Introducing Cannon Edge \u2014 Your Daily Futures Snapshot<\/h2>\n

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:<\/p>\n