Futures Trading

Technorati Tags: Futures Market, Futures Traders, Futures Trading

Commodity traders speculating in the Euro Forex Futures are watching the market consolidate between 1.2950 and 1.3046 for the last two and half days. The weekly chart (see chart below) of the Euro Currency Futures shows that the Euro is currently finding technical support in the vicinity of the 4week moving average (red – 1.2865), which I consider a pivotal area of technical support. You will also notice that the Euro is trading just below the 38.2% fibonacci retracement level (green line 1.3128). These two technical areas might be good gauges of longer-term momentum and areas that short-term traders need to pay particular attention to(in my opinion).

The daily chart of the September 2010 Euro Currency Futures (see chart below) shows us the consolidation that I pointed out earlier. This chart also identifies an area in which the Euro Currency doesn’t typically close above over 70% of the time (1.3101). You will also notice that this area (1.3101) is also very close proximity to the 38.2% retracement number (1.3128), which in my technical opinion makes this potentially an interesting technical battleground.

The 60-minute chart of the September 2010 Euro Currency Futures (see chart above) clearly illustrates the consolidation and volume resistance (volume resistance) that has been installed over the last two and half days. You will also notice that below the area of volume resistance there isn’t much in the way of volume support until around 1.2860, which is also in very close proximity to the 4-week moving average (1.2864). Remember, this area in my opinion is a pivotal area of longer-term technical support. How can you as a trader utilize this analysis for trading ideas? How do I define levels and why do I consider levels important. Join me and other professional traders for detailed technical analysis in the currency futures market and discover the power of detailed technical analysis..

For more information on The Futures Trading Network

If you are unable join us in the daytime, then join us for our nightly technical recap, update and outlook of the currency futures market. Simply click on the link below and get immediate access to our nightly technical analysis.

Nightly Technical Recaps, Updates and Outlooks for Currency Futures

Opinions Expressed are subject to change without notice. I make no promises or guarantees implied of otherwise that utilizing technical analysis in the currency futures market will result in profits or limited losses. There is significant risk of financial loss in trading futures, therefore you should carefully consider whether such an investment is right for you in light of your financial position.

Technorati Tags: Day Trading Futures, EUR USD, Euro Currency Futures, Euro Forex Futures, Euro Futures, Technical Analysis

The Euro Forex Futures is up over 150 ticks from yesterday’s Globex close (1.2754). Commodity traders who are currently long the market are trading within a significant level of volume resistance (blue rectangle), which depending on which side traders come out on may give us a directional clue at least over the short-term (see 60-minute chart below). You will also notice that above and below this area of volume resistance I don’t see much in the way of resistance or support for over 100 ticks in either direction. Commodity traders day trading futures, specifically the Euro Forex Futures must remember to remain vigilant and always prepared to execute in case things get ugly.

The minute chart of the September 2010 Euro Forex Futures (see chart above) shows the market trading within two levels of volume support (red rectangle) and volume resistance (blue rectangle), which again may give short-term traders an idea of where to take trades or potentially hide stops. How do I define levels and why do we consider levels important. Join me and other professional traders for detailed technical analysis in the futures market and discover the power of detailed technical analysis..

For more information on The Futures Trading Network

If you are unable join us in the daytime, then join us for our nightly technical recap, update and outlook of the futures market. Simply click on the link below and get immediate access to our nightly technical analysis.

Nightly Technical Recaps, Updates and Outlooks for Futures Trading

Opinions Expressed are subject to change without notice. I make no promises or guarantees implied of otherwise that utilizing technical analysis in the currency futures market will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether such an investment is right for you in light of your financial position.

Technorati Tags: Commodity Traders, Currency Traders, Day Trading Futures, Euro Forex Futures, Forex Futures, Fututres Trading, Technical Analysis

Commodity traders are still holding the Emini Dow Futures in positive territory. The 60-minute chart of the September 2010 Emini Dow Futures contract (see chart below) shows that the bulls are holding the market above two key technical areas (5-day moving average 10,155 & daily pivot 10,103), but based on TradeFlow analysis I don’t see any significant level of support until the lows around 9,946. You will also notice that there is significant level of volume resistance (2^nd blue rectangle from the bottom) just above where the market is trading. So the question is, do commodity traders play for a long from here or short?

The 5-minute chart of the September Emini Dow Futures (see chart above) shows that commodity traders are battling in between two intra-day levels of volume support and resistance (red and blue rectangle). An agile trader may look to play in between the lines here, or wait for a breakout either above or below volume levels. How do I define levels and why do we consider levels important. Join me and other professional traders for detailed technical analysis in the futures market and discover the power of detailed technical analysis..

For more information on The Futures Trading Network

If you are unable join us in the daytime, then join us for our nightly technical recap, update and outlook of the futures market. Simply click on the link below and get immediate access to our nightly technical analysis.

Nightly Technical Recaps, Updates and Outlooks for Futures Trading

Opinions Expressed are subject to change without notice. I make no promises or guarantees implied of otherwise that utilizing technical analysis in the futures market will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether such an investment is right for you in light of your financial position.

Technorati Tags: Commodity Trader, Dow Futures, Emini Dow, Emini Trading, Futures Trading, Technical Analysis

Commodity traders emini day trading are witnessing an explosive move in the Mini Dow today. You can see by looking at the 5 minute chart of the September 2010 Emini Dow Futures contract (see chart below) that the bulls continue to push this market higher and are testing a very thin level of volume resistance (blue rectangle). Beyond this level of technical resistance, the bulls have clear sailing until about 10,400. The question for emini traders going into the close is can they (bulls) keep the technical momentum, or will we see some profit taking?

Notice that there are two levels of intra-day technical support, which makes a reversal less likely (see red rectangles above). But if the bears were able to drive this market back through these levels than the market might be ripe for a quick and steep decline (at least over the short-term). Are there other areas of technical support and resistance that might be seen when utilizing technical analysis in other time frames? For a complete technical review of the Index futures market utilizing some of the most advanced analytical software, please join me and other professional traders for detailed technical analysis in the futures market.

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Opinions Expressed are subject to change without notice. I make no promises or guarantees implied of otherwise that utilizing technical analysis in the currency futures market will result in profits or limited losses. There is significant risk of financial loss in trading futures, therefore you should carefully consider whether such an investment is right for you in light of your financial position.

Technorati Tags: Commodity Traders, Dow Futures, Emini Traders, Emini Trading, Futures Trading, Index Futures, Mini Dow, Technical Analysis

Commodity traders who were brave enough, or agile enough to buy yesterday’s sell-off in the S&P Futures market (read yesterday’s technical update) were rewarded yesterday, and possibly today for those commodity traders that continued to be on the buy side or held over from yesterday. The question for commodity traders S&P Trading today is a simple one. Is this two-day rally a confirmation of a new technical trend, or just a pause in a prevailing downward trend? The 60-minute chart of the June 2010 S&P Futures contract (see chart below) shows the upside momentum that began near the lows around 1,036.

You will also notice that the S&P Futures did test the pivot number (1,070) early and held. We thought yesterday that if bulls were feeling confident that they might defend this area at least once. The close today is what we think will give us some more insight into the technical strength of this current bounce. Remember, this market continues to be volatile, so be vigilant and flexible and don’t get too opinionated yet.

If you are looking for no nonsense technical analysis from professional traders, with keen insight into the S&P Futures market, then catch our early morning technical preview of the index futures market. If you can’t catch us in the morning then don’t miss our mid-morning technical update or the after market recap of the S&P trading action, simply sign up for Our Technical Previews & Recaps of the S&P Futures market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that trading S&P Futures or any futures for that matter will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition.

Technorati Tags: Commodity Traders, Futures Trading, S&P Futures, S&P Trading, Technical Analysis

Commodity traders who were short early in S&P Futures felt good, but by mid-morning the winds had shifted and those commodity traders who bought S&P Futures were the ones rewarded today (see chart below). In this morning’s technical update for commodity traders S&P Trading, we wrote that today’s low (1,036.75) might actually turn out to be a double bottom low. Based on the action from that area (1,036) we now have a double bottom installed, which might technically entice more buyers and even more short covering. Regardless, the technical point today is, daily momentum has shifted to neutral; therefore be prepared for choppy trade as this market eases the over sold situation.

Once again, we our trading in an incredibly volatile environment where things can change hour to hour, so be vigilant, flexible and remember it doesn’t take long to find yourself in a world of pain if you get to opinionated. If you are looking for no nonsense technical analysis from professional traders, with keen insight into the S&P Futures market, then catch our early morning technical preview of the index futures market. If you can’t catch us in the morning then don’t miss our mid-morning technical update or the after market recap of the S&P trading action, simply sign up for Our Technical Previews & Recaps of the S&P Futures market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that trading S&P Futures or any futures for that matter will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition.

Technorati Tags: Commodity Traders, Futures Trading, S&P Futures, S&P Trading, Technical Analysis

Commodity traders who have been trying to buy S&P Futures are again on the defensive this morning (see 60-minute chart of the June 2010 S&P Futures contract). With new issues emerging in the European zone and Korea commodity traders seem to be a little skittish, which means they don’t look to be excited to hold or buy any positions in S&P Futures. Remember, with the lack of buyers commodity traders S&P Trading need to be aware that the environment might be vulnerable to a black box frenzy, which we know might create some quick and steep spikes to the downside.  

Notice that the today’s low (1,036.75) is two ticks above the last technical cycle low (1,036.25), which may turn out to be a double bottom low if in fact commodity traders are able to hold the line here (see daily chart below). It’s our opinion that we don’t see black boxes retreat from selling until at the very least S&P Futures close back above the pivot (1,080.00), which would also be above the 5-day moving average (1,076).  This market continues to be volatile, so be vigilant and flexible and remember don’t get too opinionated yet.

If you are looking for no nonsense technical analysis from professional traders, with keen insight into the S&P Futures market, then catch our early morning technical preview of the index futures market. If you can’t catch us in the morning then don’t miss our mid-morning technical update or the after market recap of the S&P trading action, simply sign up for Our Technical Previews & Recaps of the S&P Futures market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that trading S&P Futures or any futures for that matter will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition.

Technorati Tags: Commodity Traders, Futures Trading, S&P Futures, S&P Trading, Technical Analysis

Welcome back to the frontlines. The June 2010 S&P Futures contract has opened up the week to the downside (see 60-minute chart below), but is currently holding above initial area of projected technical support (S1 – 1,068.00). If the bulls are motivated look for them to defend first looks at technical support, while a close over the pivot (1,086) is needed to neutralize daily momentum. Commodity traders S&P Trading should take technical note that negative momentum still prevails, but over sold conditions confuse the issue.

Bottom line for commodity traders trading S&P Futures today, be agile and if bears are still in control look for them (bears) to defend pivot. This market continues to be volatile, so be vigilant and flexible and remember don’t get too opinionated yet. If you are looking for no nonsense technical analysis from professional traders, with keen insight into the S&P Futures market, then catch our early morning technical preview of the index futures market. If you can’t catch us in the morning then don’t miss our mid-morning technical update or the after market recap of the S&P trading action, simply sign up for Our Technical Previews & Recaps of the S&P Futures market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that trading S&P Futures or any futures for that matter will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition.

Technorati Tags: Commodity Traders, Futures Trading, S&P Futures, S&P Trading, Technical Analysis

Commodity traders who’ve been looking for a bottom in the S&P Futures market haven’t had much success lately. Once again, commodity traders who have been short S&P Futures are the traders who have done the best of late. You can see by looking at the 60-minute chart of the June 2010 S&P Futures contract (see chart below) that the S&P Market did coil for a several hours (outlined by red trendlines) before selling off. This is a good opportunity to reiterate how volatile current market conditions area and how when you are S&P Trading things can get bad quickly if you are trying to fight the tape.

The next downside target is actually the low of (1,056) the “Flash Crash,” which is now well within range. There is no need to say sellers are in control, I think the chart speaks for itself. The only question for commodity traders now is do you try to jump on the bandwagon if you are not already short, or do you look for a swift retracement? Once again, the S&P Futures market is very fluid and things can change quickly, so stay focused and be flexible. Remember if during extreme volatility you are a little timid, it’s ok to sit, watch and learn. Don’t feel like you have to trade just because the markets are moving around. As in everything this extreme volatility will pass and better to be in position to play then have lost it because you wren’t prepared for this kind of environment.

If you are looking for no nonsense technical analysis from professional traders, with keen insight into the S&P Futures market, then catch our early morning technical preview of the index futures market. If you can’t catch us in the morning then don’t miss our mid-morning technical update or the after market recap of the S&P trading action, simply sign up for Our Technical Previews & Recaps of the S&P Futures market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that trading S&P Futures or any futures for that matter will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition.

Technorati Tags: Commodity Traders, Futures Traders, Futures Trading, S&P Futures, S&P Trading