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

Discussion in 'Commodity Futures' started by CannonTrading_Ilan, Sep 15, 2020.

  1. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Trading Levels for Dec. 15th, FOMC:
    upload_2021-12-14_13-13-11.png
     
    #301     Dec 14, 2021
  2. Overnight

    Overnight

    Hi Ilan. You know I like to keep you guys on your toes, and with that in mind I only just now noticed 2 possible issues with your ZB pivot numbers...

    1. You are listing your prices in fractions which translates differently in various trading platforms I guess. In Ninja, they are simply expressed as pseudo-decimals. We know that bonds are still in that throwback time of fractions, but your expressions are 1 tick off from the decimal system. Since ZB is 32 ticks per point, it starts at .00 and goes up to .31 before roll to next whole point. Here's an example...

    zbpivot.jpg

    The cursor in on the start of a new point, at 162.00 (or what they use, the "second" symbol, like we're trading in degrees, minutes and seconds, heh.)

    So your 163 22/32 would actually be 163'21 on a chart like this. That could be confusing to some.

    2. The above is a ZB March contract snapshot, taken just 10 mins or so ago. The current bid/ask is down near what you have as support level 3, and pivot line way up there, almost two point above. Could there be a data mismatch? Something to look into.
     
    #302     Dec 14, 2021
  3. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Happy Wednesday @Overnight , you are definitely one of the most observant trader I met and pay great attention to details.

    The bonds and ten years have always been tricky this way but I believe the way I got it on my levels formula is as good as I can come up with.

    I do believe that you are correct as far as yesterday's levels posted for today as I can already see we are trading below support 3 which does not make sense.

    Here are the correct levels and thanks for the heads up!

    upload_2021-12-15_6-38-6.png
     
    #303     Dec 15, 2021
  4. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Thank you @Overnight for pointing out the bonds levels issue - I found the formula error!
    Levels for tomorrow, Dec. 16th:

    upload_2021-12-15_13-24-1.png
     
    #304     Dec 15, 2021
  5. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Wishing all of you a nice weekend and a great short trading week ahead.

    See Holiday hours for next Friday below as well as trading levels for Dec. 20th 2021:
    upload_2021-12-17_13-16-28.png

    upload_2021-12-17_13-16-47.png
     
    #305     Dec 17, 2021
  6. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    February Crude Oil is front month.

    Levels for Dec. 21st below for your review:

    upload_2021-12-20_13-3-52.png
     
    #306     Dec 20, 2021
  7. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Levels for Dec. 22nd 2021:
    upload_2021-12-21_13-9-12.png
     
    #307     Dec 21, 2021
  8. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    CME Group - Christmas Holiday Trading Schedule

    Thursday, December 23, 2021 - Normal Market Close Time. However, the markets will remain closed until Sunday Evening for most with some re-opening Monday morning. Make sure to check schedule for markets you trade and Merry Christmas and happy holidays to all!

    upload_2021-12-22_13-1-55.png
     
    #308     Dec 22, 2021
  9. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Trading Levels for Dec. 28th 2021 below.
    February is front month for all energies.
    March is front month for all grains.

    Happy Holidays!

    upload_2021-12-27_13-6-23.png
     
    #309     Dec 27, 2021
  10. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Looks like CME will have NORMAL trading hours this New year's. Checking on ICE hours.

    upload_2021-12-28_13-2-37.png

    Levels for Dec. 29th below:

    upload_2021-12-28_13-3-36.png

    Happy Holidays and a Prosperous 2022!
     
    #310     Dec 28, 2021