Enhance your trading with a series of short videos on topics such as range bars, support & resistance, parabolics, price confirmation and much more. We also take a look at a weekly chart of the soybeans futures market.
1. Trading 202: Live Trading - Using overbought/oversold signals for Short term trading insights
Join us May 22nd at 9 AM PDT/ 11 AM CDT for 45 minutes of Live trading where Ilan Levy-Mayer will give you an inside peek of the diamonds ALGO and methodology he uses for short-term trading.
Ilan Levy-Mayer is the VP at Cannon Trading and has been involoved in futures trading since 1988 and he developed a few ALGOS and more importantly oberved thousands of traders over the years.
In this webinar,Ilan will share his trading screen and show you the tools he uses for day-trading, entries, exits, trade management and more!
Ilan will trade WTI Nymex Crude oil, E-mini NASDAQ and possibly other markets in real-time conditions and go over:
• How he likes to set up his charts
• How he likes to set up his DOM with preset exits
• Preparing for the trading days
• Deciding on trade entries/exits and trade managements
• Indicators he likes to use
• Describe how he manages risk & emotionss
Ilan will be able to answer questions while analyzing the markets LIVE.
Risk: 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
2. Hot Market Report: Beans signaling grains bottom?
By Joe Easton, Senior Broker
Click on image below to enlarge
This week’s highlighted Market is soybeans. Soybeans futures are part of the GRAINS family which includes 4 types of Wheat, Corn, Soymeal, Oats, Rough Rice and Bean Oil. All traded on the CBOT/GLOBEX exchange.
Soybean Futures has already had a volatile, "sizzling" Month and we are only half way done. In the April 26th Newsletter we drew attention to the $8.56 support level..
For the next week of May 3rd Soybeans closed at $8.41. The following Sunday May 5th soybeans had a relatively large gap of $.13 and opened at $8.28.
Last week Soybean July Futures traded to $8.17 before a short rally to $8.36, finally closing the week at $8.08…$.33 down since the previous weekly close of $8.41.
This week soybeans had a second gap down of $.16 opening at $7.92. and has since snap back rallied to $8.4075 closing Thursday just under the May 3rd $8.41 level.
Important levels to watch are last week’s high of $8.36, dropping below this high should create more downside Second, the original level of $8.56 to potentially turn from support into resistance from below. Please contact your Broker to discuss trading gaps or support and resistance levels. Good Trading.
This chart was prepared using E-Futures Int'l software, which you can demo for 28 days with realtime data.
To access a free trial to the ALGOS shown in the chart ( DIAMONDS included) along with other tools, visit and sign up for a free trial for 21 days with real-time data.
Soybean Futures Specs Hours: 7:00 PM to 1:20 PM next day PM Central Time
Margins: $1925 initial, $1750 Maint. ( as of the date of this newsletter)
Point Value: full Cent = $50.00 ( Example: $8.60 to $8.61/bu ). Min fluctuation is 2/8ths of a cent = $12.50 ( Example: 8.60 -8.602)
Settlement: Deliverable, FND is last business day preceding the contract month Months: January (F), March (H), May (K), July (N), August (Q),September (U), November(X) Weekly Options: YES
The bean market has good volume and enough volatility that it can be traded intraday, swing trading, using options and more.
Some of the basic fundamentals to keep in mind when you are considering trading ZS ( Soybean)
1. Longer term view of current market prices
2. Dates and times of important reports. WASDE, Planting intentions, Crop progress
4. Global Political situation (food often used as a weapon in trade)
4. Dollar strength or lack of, Brazilian Real value
Our brokers here at Cannon will be happy to chat about the Soybean market, other grains, other futures, options, futures spreads and much more!
Feel free to contact us at any time.
Disclaimer: This calendar is compiled from
sources believed to be reliable. Moore Research Center, Inc.
assumes no responsibility for any errors or omissions. It is meant
as an alert to events that may affect trading strategies and is not
necessarily complete. The release dates for certain economic
reports may have been rescheduled.
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** 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 herein 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 judgment in trading!
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.