Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

[CannonTrading_Ilan]

Trading Levels for August 16th below:

 

[CannonTrading_Ilan]

Wheat: Building a base or "resting" before trying to break lower?

 

[CannonTrading_Ilan]

FOMC Minutes and Crude Oil numbers tomorrow.
Dec. coffee is now front month.
Levels for Wednesday, Aug 17th below:

 

[Overnight]

Wheat: Building a base or "resting" before trying to break lower?
View attachment 292185

My idea would be resting. Grain is now shipping out of Ukraine. Barring any interruptions, and a good harvest in the US, it should dip lower. That 7520ish line looks like tough support. So scratch that, we'd need a REAL good harvest.

 

[CannonTrading_Ilan]

Strong ( and volatile both ways) Natural Gas market to test $10 mark? $11.5 mark?
Time will tell. The volatility is generating some interesting option spreads opportunities and risks. WEEKLY chart below.

 

[CannonTrading_Ilan]

Levels for Aug 18th below:

 

[CannonTrading_Ilan]

Very light day tomorrow when it comes to economic reports.

Volume is stock indices has been lighter these past few days and I have seen more range bound trading in the ES than normal.

Levels for Aug 19th:

 

[CannonTrading_Ilan]

Hogs approaching SHORT term support level:

 

[CannonTrading_Ilan]

Wishing all of you a nice weekend a successful trading week ahead.

WEEKLY levels below, daily levels for Monday and more on our weekly newsletter now LIVE.

 

[CannonTrading_Ilan]

Soymeal trading against minor resistance, a break above 415.0 can trigger 427.1/433.8 pretty quick.