{"id":22722,"date":"2026-03-19T13:47:59","date_gmt":"2026-03-19T20:47:59","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22722"},"modified":"2026-03-19T13:47:59","modified_gmt":"2026-03-19T20:47:59","slug":"triple-witching-h","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/triple-witching-h\/","title":{"rendered":"Triple Witching Friday PLUS: June EMini SP 500, CannonEdge Snapshot, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on March 20th, 2026"},"content":{"rendered":"\n\n\n
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Triple Witching<\/h1>\n

Trippple Witching Tomorrow<\/h1>\n

By Ilan Levy-Mayer, VP<\/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

4313.87<\/td>\n4486.43<\/td>\n4677.57<\/td>\n4850.13<\/td>\n5041.60<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

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

60.47<\/td>\n66.60<\/td>\n71.68<\/td>\n77.80<\/td>\n82.88<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

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

87.28<\/td>\n90.85<\/td>\n95.66<\/td>\n99.23<\/td>\n104.04<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0June Bonds (ZB)<\/strong><\/h2>\n

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

113 5\/32<\/td>\n113 27\/32<\/td>\n114 11\/32<\/td>\n115 1\/32<\/td>\n115 17\/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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What Is Triple Witching?<\/em><\/h2>\n

\"triple<\/p>\n

Triple witching is a key event in the futures and options markets that occurs four times a year\u2014on the third Friday of March, June, September, and December.<\/p>\n

During this time, stock index futures, stock index options, and stock options all expire simultaneously, creating a unique trading environment that every futures trader should understand.<\/p>\n

Why Does Triple Witching Matter?<\/h3>\n

This convergence of expirations can lead to significant market activity, impacting liquidity, volatility, and execution quality. Understanding these dynamics is crucial for traders who want to navigate this period effectively.<\/p>\n

What Happens During Triple Witching?<\/h3>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Volume Surge: Trading activity often spikes as institutions roll over or close positions.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Increased Volatility: Expect sharp and unpredictable price swings, especially near the open and close.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Institutional Flows Dominate: Market behavior may deviate from typical technical patterns due to large institutional moves.<\/p>\n

Implications for Futures Traders<\/h3>\n

\u00b7\u00a0\u00a0\u00a0\u00a0High Liquidity\u2014but High Risk: While there\u2019s plenty of activity, slippage and wider spreads are common.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Execution Challenges: Rapid price changes can make order fills tricky.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Short-Term Noise: Unusual moves may not align with your usual indicators.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Important Note: The December contracts (e.g., ESZ25, MNQZ25) will stop trading at 8:30 AM Central Time and will cash settle based on a special settlement price that typically comes out closer to 9 AM Central.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Learn more here:\u00a0CME Settlement Information.<\/a><\/em><\/h4>\n

Trading Recommendations for Triple Witching<\/h3>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Stay Disciplined: Avoid chasing moves; stick to your trading plan.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Use Limit Orders: Helps control slippage in fast-moving markets.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Reduce Position Size: Manage risk during volatile periods.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Consider Scalping or Staying Flat: Experienced traders may use short-term strategies; others may prefer sitting out.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Risk Warning: The last traded price or final traded price will rarely match the final settlement price. We do not recommend waiting for the final settlement. Exit any December positions prior to 8:30 AM Central tomorrow morning.<\/p>\n

Bottom Line<\/h3>\n

Triple witching can present unique opportunities\u2014but also significant risks. Preparation, discipline, and risk management are essential for success during this high-volatility period.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Edge for March 20th<\/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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Introducing Cannon Edge \u2014 Your Daily Futures Snapshot Above<\/h3>\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