WYNTK before trading tomorrow, Sept. 7th Futures Trading Levels
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Short trading week ahead as we come back after Labor Day long weekend.
Keep in mind that crude oil inventories will come out Thursday instead of the regular Wednesday release.
Natural gas continues to be volatile dropping over 8.5% today!! almost $7600 per ONE contract.
British pound held nicely compare to the other currencies as UK welcomed a new Prime Minister.
Stock index futures experienced VERY choppy action on higher than avg. volume today, the day after a long weekend.
Daily chart of the mini SP 500 ( ESU22) for your review below, notice market is hanging right above FIB support level:
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.¬† 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.
Futures Trading Levels
Improve Your Trading Skills
Economic Reports, Source:¬†
This is not a solicitation of any order to buy or sell, but a current market view provided by¬†Cannon Trading Inc. Any statement of facts¬†here in¬†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¬†judgement¬†in trading.