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Weekly Newsletters, Futures Trading Tips & Insight, Commodity Trading Educational Resources & Much More.

  • Weekly Newsletter: May Crude Oil on the Move? & Trading Levels for April 15th

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    Cannon Futures Weekly Letter Issue # 1189

    In this issue:
    •  Important Notices – Earnings, Gold all time Highs & More
    • Trading Resource of the Week – Trading Videos
    • Hot Market of the Week – May Crude Oil
    • Broker’s Trading System of the Week – NQ Swing System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

      • Earnings Tues- JNJ,BAC ,Morgan Stanley MS, Wed. -ABT, Thu.- AXP, NFLX
      • Econ Data  Mon- Retail Sales , Tues Housing Starts, Bldg Permits , Thu. Jobless claims, Existing home sales..
      • quiet on the fed speaker front
      • No Congressional action to speak of
      • The U.S. dollar index this morning forged another higher high and reached the highest level since early November.
      • With the June gold futures contract breaking a string of new all-time highs (eight straight days) yesterday, the market is facing the first definitive corrective environment since the middle of last month.
      • The bearish sentiment in financial futures (30-yr. T-bond, 10-yr. T-note) is escalating dramatically and could become overdone soon with some chatter in the market suggesting there might not be a single rate cuts this year.
      • Crude oil may see support this week from renewed talk of an imminent Iranian retaliation (as per U.S. officials) for the Israeli attack in Syria. U.S. officials have openly suggested Iranian retaliation against Israel is likely soon. Fears of disrupted supply remain front and center.

     

     

     

     

    Trading Resource of the Week: Trading Videos, Instant Viewing

    Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.
    ·    Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
    ·    Some common uses you can make of support and resistance levels.
    ·    Filter out the noise with range bar charts
    ·    “Price Confirmation”

     

     

    • Hot Market of the Week – May Crude Oil
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    The March 20th Chart of the Day highlighted May crude oil had completed its first upside PriceCount objective. Now, the chart is consolidating after satisfying its second upside PriceCount objective. A this point, IF the chart can sustain further gains, the third count would project a possible run to the 94.82 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    COST
    USD 299 / monthly
    Recommended Cannon Trading Starting Capital
    $75,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for April 15th 2024

    Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

    Explore trading methods. Register Here

    * 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.

  • Markets Post CPI + Levels for April 11th

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    Life After CPI …..

    by Mark O’Brien, Senior Broker

    General:

     

    It’s been ten months since the central bank paused its rate hike cycle.  It seems as though Jay Powell’s motto throughout his entire tenure as chairman of the Fed has been, “The data will guide our decisions,” and today the Bureau of Labor Statistics released another chunk of data: its March Consumer Price Index (CPI) report, which measures the prices paid by consumers for a basket of consumer goods and services.  The consumer-price index rose 0.4% in March and 3.5% on an annual basis.  Economists had expected 0.3% and 3.4%.  Core CPI, which removes the volatile food and energy categories, was up 0.4% from February, topping an expected 0.3%.  Now, after strong prints in January and February, are these new readings stronger evidence of a “sticky” inflation situation?

     

    At their March meeting, according to its minutes released later this morning, Federal Reserve officials expressed concern that inflation wasn’t moving lower quickly enough.  The CPI report likely didn’t moderate those concerns and the timing for the first long-anticipated rate cut has presumably drifted further out on the calendar.

     

    Energies: 

     

    Speaking of inflation, the first three months of 2024 saw crude oil jump ±$17 per barrel – a ±$17,000 move for the main 1,000-barrel futures contract – with the front-month May contract trading to the year’s high of $87.63 intraday just last Friday.

     

    Softs: 

     

    After a one-day 321-point/$3,210 move up on March 12 to close above $7,000/ton – its latest all-time high – May cocoa continued its “no top in sight,” rally, closing today at $10,476/ton, a staggering ±$34,700 per contract move in twenty trading sessions.

     

    Metals:  

     

    While cocoa retained its “king of the all-time highs” crown for the month, gold did not disappoint bulls in this market, setting its own new all-time high yesterday, trading up to $2,384.50/oz. intraday (basis the June futures contract).  This is a $199.00/oz. move ($19,900 per contract for the standard 100-oz. futures contract) over the same 20-sesson span as the move in cocoa referenced above.

     

    Grains: 

     

    Keep an eye out for tomorrow’s U.S. Department of Agriculture’s two main reports: its monthly Crop Production and World Agricultural Supply and Demand Estimates (WASDE). These serve as the primary informers of the fundamentals underlying domestic and global agricultural futures markets.

     

     

     

     

     

    Daily Levels for April 11th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

    Explore trading methods. Register Here

    * 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.

  • Gold Outlook, Crude Oil & Nat Gas Numbers Tomorrow! +Futures Trading Levels for 01.18.24

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    Join our Private Facebook group

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    Talking Gold Futures

    By Mark O’Brien, Senior Broker

    A six-month decline followed by a two-month rally of almost equal price movement. On April 4, Feb gold traded to its all time high of $2,140.30 per ounce. Almost six months to the day, on Oct. 6, the benchmark precious metal had declined ±$300 per ounce (a ±$30,000 move) to $1,842.50. Then, within almost an exact two-month span, on the Sunday Dec. 4th opening of trading, Feb. gold capped a ±$300 per ounce rally, trading briefly up to a new all-time high of $2,152.50. Today, gold prices fell to a more than one-month low, trading intra-day to $2,004.60 per ounce. Credit strong economic data that strengthened dollar and Treasury yields and lowered market expectations of a U.S. rate cut in March. The Commerce Department reported a more-than-expected rise in U.S. retail sales for December. This followed the strong gains in employment and wage gains reported earlier this month and an uptick in inflation last week.

     

    The U.S. Consumer Price Index last week did not persuasively indicate under-control inflation,

    but with energy and grain prices remaining significantly below last year’s highs, the prevailing

    direction of inflation points down with economic conditions improving.

    Heads up: Both Natural Gas and Crude Oil numbers come out tomorrow due to MLK holiday this past Monday and the short trading week.

     

     

     

     

     

    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

    01-18-2024

     

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

    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.

  • Video on Projecting Levels, Christmas Modified Trading Schedule + Levels for 12.20.23

    Get Real Time updates and more on our private FB group!

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    March is front month for stock indices and currency futures.

    Symbol for March is H, so example ESH24

    February is front month for crude oil.

    Christmas Modified trading schedule below.

     

    Video: Projecting possible targets when trading futures

     

    Projecting possible targets when trading futures

     

     

    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

     

    12-20-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

    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.

  • Get Trade Alerts + Futures Trading Levels for Dec. 7th

    Get Real Time updates and more on our private FB group!

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    Bullet Points, Highlights, Announcements

    By Mark O’Brien, Senior Broker

     

    General: 

     

    It seems like no futures markets are more focused on trading off expectations than those of interest rate futures, like the 10-year T-note and 30-year T-bond.  And those expectations are more focused on one source of information more than any other: the words and actions of the U.S. Federal Reserve Bank’s governors and current chairman, Jerome Powell.  The Fed. board’s governors’ words are incessantly parsed for any clues as to the future direction of interest rate policy.  Each coming Federal Open Market Committee meeting becomes the latest most important meeting in memory and next week’s is no exception.  The U.S. economy is slowing; there are signs inflation is falling and the Fed has kept interest rates steady – at a range of 5.25% to 5.50%, the highest since 2001 – through its last two meetings after raising rates at the conclusion of eleven consecutive meetings before that.  If “three is a trend,” and if the Fed. holds interest rates steady (widely forecast) look for the futures markets to pile on to the already-shifting expectation that a rate cut is coming sooner than later.  As is customary, Chair Powell will likely try to communicate that the Central Bank’s job of controlling inflation is ongoing and any decision on the future of interest rates – up, down, or steady – will be based on broad definitive proof of the need to act, or not.  Next week’s meeting is a 2-day affair, with the announcement scheduled for Wednesday at 1:00 P.M. Central Time, followed by Chair Powell’s press conference.  Stay tuned.

     

    Energy: 

     

     

    Already entering today’s trading on a 4-day losing streak, crude oil futures extended its sell-off which as of this typing broke through $70.00 per barrel to an intra-day low of $69.11, its lowest price since July 3 (basis the January contract).

     

    While today’s weekly Energy Information Administration report showed crude inventories fell by 4.6 million barrels, far exceeding the 1.4 million-barrel drop analysts had expected, U.S. gasoline stocks rose by 5.4 million barrels last week, more than five times the 1 million-barrel rise analysts expected.

     

    News concerning “the elephant in the room” – China’s economic health – also pressed down on prices.  Yesterday, rating agency Moody’s lowered the outlook on China’s A1 rating from stable to negative.

     

    Getting help from the currency market, the U.S. dollar stayed on its upward rebound from 3+ month lows of last week to a two-week high.  For all things dollar denominated – particularly globally traded commodities – a rising dollar pressures demand by making purchases more expensive for holders of other currencies.

     

    Plan your trade and trade your plan.

     

     

    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

    12-07-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

    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.

  • Weekly Newsletter: Text Alerts, Silver Daily Chart + Futures Trading Levels for Dec. 4th

    Cannon Futures Weekly Newsletter Issue # 1173

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    •  Important Notices – Trade March bonds, Feb. gold
    • Trading Resource of the Week – Trade Alerts
    • Hot Market of the Week – March Silver
    • Broker’s Trading System of the Week – CL (Crude) Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

      • Federal Reserve Board Black Out Period Dec 2-14
      • March (H24) Interest rate products, ZB, UB,ZN,ZF,ZT. are now front month
      • Front month for gold is February
      • March (H24) front month for silver
      • Earnings watch, Tuesday 12-5 Toll Brothers Builders NYSE (TOL), Thursday 12-7 chipmaker Broadcom NYSE (AVCO)
      • Reports a variety, Main Focus Friday, NFP 6:30am, WASDE 10am and 1st day of Hanukkah all times CST

    • click above for a LIVE demo, streaming prices

     

    • Trading Resource of the Week 

    Real Time Text Alerts

    Directly to your Phone!
    • You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
    • A licensed series 3 broker at your fingertips
    • Text alerts available to US and Canada residents. Int’l clients will receive the alerts via email. No obligation
    • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies and Meats
    • Open an account* and receive the Trade Alerts free for 3 months ($357 value)

    .

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    March Silver stabilized its break last month and activated upside PriceCount objectives on the correction higher. Now, the chart is taking aim at its first upside target in the 26.41 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $15,000.00
    COST
    USD 115 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for December 4th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    Good Trading!
    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.
  • New Micro Nat Gas, Crude Oil Chart + Futures Trading Levels for Nov. 9th 2023

    Get Real Time updates and more on our private FB group!

    Updates and Bullet Points:

    By Mark O’Brien, Senior Broker

     

    General: 

    We have a new futures contract.  It started trading on Monday.  This is the Micro Henry Hub Natural Gas futures contract and corresponding options.

     

    To quote directly from the CME Group web site, “The introduction of Micro Henry Hub Natural Gas futures and options responds directly to customer demand for a smaller, more precise instrument for managing natural gas price exposure. At one-tenth the size of the benchmark Henry Hub (NG) contract, Micro Henry Hub Natural Gas futures and options offer more granularity and smaller margin requirements with the same robust transparency and price discovery of the larger Henry Hub contracts.”

     

    Follow the link below to the contract’s full contract specifications on the CME Group web site:

     

    https://www.cmegroup.com/markets/energy/natural-gas/micro-henry-hub-natural-gas.contractSpecs.html

     

    Heads up: most FCM’s / clearing firms, including the five FCM’s Cannon Trading Co. partners with, will monitor a new futures contract for sufficient liquidity before making it available to its clients.  Give Cannon Trading a call to find out the availability of the contract.

     

    Energy: 

    Incidentally, natural gas (basis Dec.) dropped ±50 cents (a ±$5,000 move) over the last six trading sessions to ±$3.10 /mmBtu. down to new 2-year lows on forecasts for above-normal temps. across the U.S. for the next fifteen days and continental U.S. production remaining near all-time highs,”

     

    Financials: 

    Stock index futures are struggling today to extend their longest winning streak in two years – clocking seven straight daily gains – as we approach the close of trading.  At this typing, the E-mini S&P 500 is trading just a few ticks either side of unchanged, while the E-mini Dow Jones and E-mini Nasdaq are slightly off.

     

    More energy: 

    Crude oil extended its more than 2-week sell-off to its lowest level in over three months.  From an intraday high of $89.85 per barrel on Oct. 20, the front month traded through $75.00 per barrel this morning – a ±$15.00 per barrel / $15,000 per contract move.

     

    DAILY CHART BELOW

     

    News pushing prices south include global demand worries, record U.S. production and ebbing supply concerns surrounding the Gaza conflict.

     

    Given its ability to create a ripple effect, the ±15% price decline dragged U.S. pump prices down to levels not seen since March.  It has also helped rein in inflation expectations and worrisome bond yields.

     

    While this paints a picture that fears are subsiding that a wider conflict could be emerging in the Middle East and disrupt supplies, traders should remain on high alert for signs to the contrary.

    Plan your trade and trade your plan.

     

     

     

    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

    11-09-2023

     

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • The Day After FOMC + Futures Trading Levels for Nov. 2nd

    Get Real Time updates and more on our private FB group!

    The Day After?

    By Senior Broker, Mark O’Brien

     

    General: 

     

    Prior to this blog’s release, the Federal Reserve Bank’s Open Market Committee held rates steady at 5.25% – 5.50% for the second consecutive meeting, yet another indication that the global central bank rate hike cycle is coming to an end.  At the same time, Fed. chair Powell stayed on message by suggesting more rate hikes could be in the pipeline should inflation remain “sticky.”

     

    Keep in mind that a favorite inflation gauge of the Fed is the quarterly Core Personal Consumption Expenditures Index (Core PCE), which last Friday recorded its eighth monthly decline in a row – down to a 3.68% YOY increase and the lowest reading since May 2021.

     

    Energy:

     

    If there was a fear / anticipation that the crisis in the Middle East would lead to extended physical supply disruptions for the energy markets, that fear – and crude oil prices – has abated in the last week or so.  After its initial ±$2.00 per barrel gap-up opening to ±$83.25 per barrel the Sunday after the outbreak of hostilities, Dec. crude oil spent two weeks reaching up to $89.85 intraday on Friday the 20th.  As of this typing, it’s trading over $9.00 per barrel lower near $80.00 per barrel, below pre-hostility prices.  Certainly without notice, the war could escalate.  Expansion militarily between the current parties involved, or in concert with expanded state or non-state participation including the United States, Iran, Syria, Hezbollah could inject a “war premium” into energy prices and extend to other commodities.

     

    Risk: 

     

    The point here is not to opine that this is the direction the conflict will go.  There are a range of possible scenarios for the Israel-Gaza conflict, from an expansion to a broader regional war to a negotiated cessation of hostilities.  There are parties and catalysts capable of steering the situation in either direction.

     

    The idea is to caution traders of the potential for increased volatility and to suggest you approach your futures trading generally with risk-defined strategies, such as hard stop orders, option protection, hedge positions & futures and options spread applications.

    Plan your trade and trade your plan.

     

     

     

     

     

     

    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

    11-02-2023

     

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: How to Trade Economic Reports + Futures Trading Levels for Oct. 23rd

    Cannon Futures Weekly Newsletter Issue # 1168

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    •  Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Trading Around Economic Reports
    • Hot Market of the Week – December Cotton
    • Broker’s Trading System of the Week – ES Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

    • Trading Resource of the Week 

    Trading Key Economic Reports

    As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
    There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
    In this “Trading Around Key Economic Reports” FREE Course you will learn:
    • What is GDP?
    • About the Retail Sales Report
    • What is NFP ( non farm payroll) Report?
    • Understanding US housing Data
    • FOMC
    • Understanding Oil Data Report
    • Importance of Consumer Confidence Survey

    ACCESS THE COURSE NOW

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    December Cotton completed its first upside PriceCount objective but to this point has not been able to extend its rally any further. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 83.87 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    Recommended Cannon Trading Starting Capital
    $30,000.00
    COST
    USD 127 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for October 13th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    Good Trading!
    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.
  • Trading Crude Oil Futures in the USA Amidst Middle East Conflict + Futures Trading Levels for Oct. 17th

    Get Real Time updates and more on our private FB group!

    Trading Crude Oil Futures in the USA Amidst Middle East Conflict

    Learn more about trading Crude Oil Futures with E-Futures.com here.

    Trading oil futures, particularly crude oil futures, plays a pivotal role in the global energy market and is influenced by a multitude of factors. This article explores the dynamics of trading oil futures in the United States and delves into the impact of Middle East conflicts, with a specific focus on recent events in Israel and Gaza. These geopolitical tensions have far-reaching implications for oil futures, as the Middle East remains a crucial source of crude oil production.

    Crude Oil Futures in the USA

    Crude oil is a fundamental component of the global economy, and the United States, as one of the largest consumers and producers of oil, is deeply entrenched in the world of oil futures trading. Crude oil futures are standardized contracts that allow traders to buy or sell a specified amount of crude oil at a predetermined price on a future date. In the USA, these futures are primarily traded on the New York Mercantile Exchange (NYMEX) under the ticker symbol CL.

    The demand for crude oil futures in the USA is driven by various factors, including:

    1. Energy Consumption: The USA is one of the world’s largest consumers of energy, and oil is a primary source. Crude oil futures provide a way for energy companies, airlines, and other sectors to hedge against price fluctuations.
    2. Speculation: Speculators in the commodities market often trade crude oil futures, hoping to profit from price movements. This speculative activity can increase market liquidity and influence short-term price changes.
    3. Global Events: Geopolitical events, especially those in oil-producing regions, have a significant impact on oil futures trading. The Middle East, being a major source of oil production, has been a focal point for oil market participants.

    Middle East Conflicts and Oil Futures

    The Middle East is known for its volatile geopolitical environment, often stemming from religious, territorial, and political disputes. Recent events in Israel and Gaza have further highlighted the role of geopolitical tensions in influencing oil futures prices.

    1. Supply Disruptions: The Middle East, particularly the Persian Gulf, is home to some of the world’s largest oil reserves. Ongoing conflicts in the region can disrupt oil production, leading to supply shortages. These disruptions can cause a surge in oil prices, impacting crude oil futures.
    2. Market Sentiment: Even the perception of conflict or potential supply disruptions can drive market sentiment. Traders closely monitor developments in the Middle East, and any escalation of tensions can lead to increased speculation and higher trading volumes in crude oil futures.
    3. OPEC and Non-OPEC Nations: The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC nations in the Middle East play a pivotal role in global oil production. Geopolitical tensions can influence OPEC’s decision-making, leading to production cuts or increases, directly impacting oil futures prices.

    Impact of Recent Israel-Gaza Conflict

    The Israel-Gaza conflict, a long-standing and deeply rooted conflict in the Middle East, has repeatedly led to fluctuations in oil prices and, consequently, crude oil futures. Recent escalations in the region have had the following effects:

    1. Oil Price Volatility: The Israel-Gaza conflict has added uncertainty to global oil markets, causing crude oil futures to exhibit increased volatility. Traders react to events in the Middle East by adjusting their positions in response to the shifting geopolitical landscape.
    2. Safe-Haven Assets: Investors often turn to commodities like gold and oil as safe-haven assets during times of geopolitical turmoil. This shift in investor sentiment can drive up demand for crude oil futures.
    3. Production Risk: Israel is not a major oil producer, but it is geographically close to critical oil transit routes, such as the Suez Canal. Any disruption to these routes can have a domino effect on global oil supply, impacting crude oil futures prices.
    4. Influence on OPEC: The Israel-Gaza conflict can exert pressure on OPEC member nations, some of which are involved in the conflict. Geopolitical considerations, including their economic and political interests, can affect OPEC’s oil production decisions.

    Risk Management in Oil Futures Trading

    Given the inherent volatility in oil markets, traders in crude oil futures must employ effective risk management strategies. These include:

    1. Diversification: Traders can spread their risk by diversifying their investment portfolio, not focusing solely on crude oil futures. This can mitigate losses during periods of heightened geopolitical tensions.
    2. Stop-Loss Orders: Setting stop-loss orders allows traders to define their maximum acceptable loss. If the market moves against them, the position is automatically closed when the stop-loss level is reached.
    3. Fundamental Analysis: Staying informed about geopolitical events and oil market fundamentals is essential. Traders need to understand how these factors can influence oil futures prices.
    4. Technical Analysis: Utilizing technical analysis tools can help traders identify price trends, entry and exit points, and potential price targets.

    Trading crude oil futures in the USA is a complex and dynamic process that is deeply interconnected with global geopolitics. Recent events in the Middle East, especially the Israel-Gaza conflict, highlight the significant influence of geopolitical tensions on oil futures prices. Traders and investors must remain vigilant, stay informed, and employ effective risk management strategies to navigate the ever-changing landscape of crude oil futures trading. As the world continues to rely on oil as a primary energy source, the impact of geopolitical conflicts on oil futures remains a critical consideration in the financial markets.

     

    Ready to start trading futures? Call

    1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey at E-Futures.com today.

     

    Plan your trade and trade your plan.

    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

    10-17-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Download your FREE copy of Order Flow Essentials!

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: How to Trade Economic Reports + Futures Trading Levels for Oct. 16th

    Cannon Futures Weekly Newsletter Issue # 1167

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    •  Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Trading Around Economic Reports
    • Hot Market of the Week – December Cotton
    • Broker’s Trading System of the Week – ES Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

    • Trading Resource of the Week 

    Trading Key Economic Reports

    As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
    There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
    In this “Trading Around Key Economic Reports” FREE Course you will learn:
    • What is GDP?
    • About the Retail Sales Report
    • What is NFP ( non farm payroll) Report?
    • Understanding US housing Data
    • FOMC
    • Understanding Oil Data Report
    • Importance of Consumer Confidence Survey

    ACCESS THE COURSE NOW

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    December Cotton completed its first upside PriceCount objective but to this point has not been able to extend its rally any further. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 83.87 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    Recommended Cannon Trading Starting Capital
    $30,000.00
    COST
    USD 127 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for October 13th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    Good Trading!
    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.
  • CPI Tomorrow + Futures Trading Levels for Oct. 12th

    Get Real Time updates and more on our private FB group!

    What you need to know for the last two trading days of the week

     By Mark O’Brien, Senior Broker

     

    General: 

     

    This morning the Labor Department released data on U.S. producer prices.  It showed a higher-than-expected 0.5% uptick in food and energy prices at the wholesale level.  The so-called core Producer Price Index – a narrower measure that excludes food, energy and trade services – showed a 0.2% increase, which matched forecasts.  Looking at the big picture, the report suggests inflation remains stubborn and the Fed will remain vigilant in it continued efforts to check the U.S. economy with care and reduce inflation.

     

    Markets look at the PPI as a leading indicator for inflation, as it gauges a wide variety of costs for pipeline goods that feed to consumer products.

     

    In recent days, central bank officials have indicated that they may not need to enact additional hikes as Treasury yields have risen sharply on their own, tightening financial conditions. That in turn has helped assuage market fears, leading stocks higher this week.

     

    Tomorrow, The Bureau of Labor Statistics will release its more closely watched Consumer Price Index (CPI) report, which measures the prices paid by consumers for a basket of consumer goods and services.

     

    Metals: 

     

    Trading off its near one-year lows below $1,825/ounce on Friday, Dec. Gold has raced up ±$70/ounce as the crisis in Israel / Gaza / Lebanon has intensified.  This commodity futures contract will likely show to be more sensitive to the turn of events in the region than any other.

     

    Along the same lines, from a from a commodity price influencing perspective, the fighting in Israel / Gaza / Lebanon should have a limited impact on most commodities.  Any sensitivity reactions in the markets will presumably be seen in indexes (seemingly sensitive to anything), energies and some currencies.  Any signs the conflict escalates to involve other notable / regional state / non-state actors, traders should anticipate increased volatility in these market sectors and approach your trading appropriately.

     

    Plan your trade and trade your plan.

    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

    10-12-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: Essentials of Order Flow + Futures Trading Levels for Oct. 9th

    Cannon Futures Weekly Newsletter Issue # 1166

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Essentials of Order Flow
    • Hot Market of the Week – December Corn
    • Broker’s Trading System of the Week – NQ Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

     

    Order Flow has been presented as a mystique to potential Traders as well as seasoned Traders. In many cases it is assumed to be an insanely difficult concept to understand. Order Flow is, at its core, the transaction between a Buyer and a Seller. As a Veteran Trader using Order Flow to base my decisions, I can say that order flow is the very core of any market.
    In this FREE booklet, you will learn:
    • What is order flow?
    • Volume by Price
    • Footprint
    • Time & Sales
    • DOM
    • Tying it all together
    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    December Corn traded to within a dime of its fourth downside PriceCount objective and it increasing appears like that was enough to satisfy the bear move. The September contract and the weekly chart each hit their counts. Now, the chart is activated upset objectives and the first Target to 4.94 has been met. If we can sustain the move and get above $5 there’s a second objective just above to aim for in the 5.03 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $18,000.00
    COST
    USD 155 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for October 9th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    Good Trading!
    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.
  • NFP Tomorrow + Futures Trading Levels for Oct. 6th

    Get Real Time updates and more on our private FB group!

    What you need to know before trading futures tomorrow – October 6th 2023

    by Ilan Levy-Mayer, VP

    1. NFP is tomorrow! Non Farm Payrolls also known as employment numbers. Big report, This is a market moving event and we expect high volatility, right before, during and right after.
    2. Crude Oil and energies trading at extreme volatility
    3. Take a look at the 1 minute chart of the last NFP report from Sept. 1st below as well as a 15 min chart of the rest of the same session. Notice the ES (mini SP500) had a 22 point move from high to low in 45 seconds!

    Plan your trade and trade your plan.

    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

    10-06-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Download your FREE copy of Order Flow Essentials!

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Crude Drops over $4.50! + Futures Trading Levels for Oct. 5th

    Get Real Time updates and more on our private FB group!

    What you need to know for the last two trading days of the week

     By Mark O’Brien, Senior Broker

     

    General: 

    As yesterday’s price action in stock index and interest rate futures demonstrated, there are times when good data is bad news.  Yesterday, after three consecutive months of falling numbers, the Labor Department reported that there were 9.6 million job openings in the month of August in its Job Openings and Labor Turnover Survey, commonly referred to by its acronym: JOLTS.

     

    Job openings have been slowly declining for the last 16-17 months from their April ’22 highs near 12 million – likely to the nod of approval by the Federal Reserve as it has raised rates in part to reduce labor demand in its efforts to cool the economy.  A larger-than-expected increase like August’s numbers helps make the prospect of further interest rate hikes less likely to be taken off the table, despite the Fed’s pause at the last meeting.

     

    The JOLTS rebound also increases the scrutiny this Friday’s non-farm payrolls numbers will receive from traders.  Already, the E-mini S&P 500 has slipped ±400 points – a $20,000 per contract move – since its late-July push up to 4685, including yesterday’s 1.4% hit.

     

    Energy: 

     

    Last Wednesday, during the early hours of the Thursday session – so, technically just four trading sessions ago – November crude oil traded briefly over $95 per barrel.  This after a ±$3.50 per barrel advance above $94.00 per barrel during Wednesday’s session.  As of this typing, crude oil is in the throes of a ± $5.00 / 5.6% correction and within pennies of trading to $84 per barrel: an $11,000 per contract move.  Along side it, November heating oil corrected ±32 cents per gallon, a ±$13,400 per contract move.

     

    Helping today’s sell-off was yesterday’s American Petroleum Institute report showing stocks at the Cushing, Oklahoma hub – where West Texas oil futures deliveries are processed – had increased for the first time in eight weeks.  Likely because no surprises accompanied the announcement, crude took the news in stride that Saudi Arabia and Russia announced that the voluntary production cuts currently in place will remain until the end of the year as planned, despite recent higher prices.

     

    Softs: 

     

    New all-time highs in orange juice futures just keep coming.  Last month, November orange juice futures gained another ±37 cent per pound – a ±$2,550 per contract move – to trade over $3.50 per pound.  Ongoing disease called citrus greening has damaged upwards of 75% of Florida’s orange crop.

     

     

    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

    10-05-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter – Learn About Commodity Spreads+ Futures Trading Levels for Oct. 2nd

    Cannon Futures Weekly Newsletter Issue # 1165

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    •  Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Trading Commodity Spreads
    • Hot Market of the Week – December Wheat-Corn Spread
    • Broker’s Trading System of the Week – Crude Oil Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

    • Trading Resource of the Week – Trading Commodity Seasonal Patterns

     

    When we talk about seasonal patterns in futures, we’re referring to certain conditions and events that repeat annually. Perhaps the most obvious of these is the annual cycle of weather from warm to cold and back to warm. However, the calendar also marks the annual passing of important events, such as the due date for U.S. income taxes every April 15th. Enormous supplies of grain at harvest dwindle throughout the year. Demand for heating oil typically rises as cold weather approaches but subsides as inventory is filled. Monetary liquidity may decline as taxes are paid but rise as the Federal Reserve recirculates funds. Such annual events create yearly cycles in supply and demand.
    • Hot Market of the Week – December WheatCorn

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    December wheatcorn spread is threatening to negate and break down the September key reversal trade that looks to have failed to stabilize the break. At this point, new sustained lows would project a possible run to the third downside PriceCount objective to the 73 cent area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $31,000.00
    COST
    USD 100 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for October 2nd, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    Good Trading!
    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.
  • Weekly Newsletter – Energy Futures Contest – Real Cash Prizes! + Levels for Sept. 25th

    Cannon Futures Weekly Newsletter Issue # 1164

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Series of short videos
    • Hot Market of the Week – December Gold
    • Broker’s Trading System of the Week – NQ (mini NASDAQ) Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

    • Trading Resource of the Week

     

    • Projecting possible targets when trading futures
    • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
    • Some common uses you can make of support and resistance levels.
    • Filter out the noise with range bar charts
    • “Price Confirmation”
    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    December Gold Futures Completed its first downside PriceCount objective last months before developing a sideways range trade. At this point, if the chart can break down with new sustained lows, the second count would project a possible run to the 1883 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    Mini Nasdaq 100
    COST
    USD 120 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for September 25th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    Good Trading!
    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.
  • Energy Futures Trading Competition + Futures Trading Levels for Sept. 21st 2023

    Get Real Time updates and more on our private FB group!

    Energy Futures Trading Competition

    Start: October 15th at 5:00 PM CT

    End: October 27th at 4:00 PM CT

    Prizes (Cash Prizes!!)

    First Place: $2500

    Second Place: $1000

    Third Place: $650

    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

     

     

     

    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

    09-21-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Crude Oil Futures: Trading, Grades, Production, and Cannon Trading Company

    Read more about trading Crude Oil Futures with Cannon Trading Company here.

    Crude oil futures are among the most actively traded derivatives in the world, serving as a vital instrument for speculators, hedgers, and investors. These futures contracts are based on the price of crude oil, a fundamental commodity that powers industries, fuels vehicles, and serves as the lifeblood of the global economy. In this comprehensive guide, we will explore the types of oil grades traded worldwide, where crude oil futures are traded, their contract sizes, the top oil producers and exporters, notable exchanges trading crude oil futures, the role of oil tankers, products derived from crude oil, and why Cannon Trading Company is a top choice for trading crude oil futures, highlighted by their exceptional TrustPilot rating of 4.9 out of 5 stars.

    Types of Oil Grades Traded Worldwide

    Crude oil is not a uniform commodity; it comes in various grades that vary in composition, density, and sulfur content. The two primary categories of crude oil are:

    1. Sweet Crude: Sweet crude oil has a low sulfur content and is less dense. It is easier and less costly to efine, making it desirable for producing gasoline and other high-value products. Examples include Brent crude (North Sea) and West Texas Intermediate (WTI).
    2. Sour Crude: Sour crude oil has a higher sulfur content, which makes it more challenging and expensive to refine. It is typically used to produce diesel fuel and other lower-value products. Examples include Dubai crude and Canadian Heavy Crude.

    Where Crude Oil Futures Are Traded

    Crude oil futures are traded on various commodity exchanges worldwide. Some of the prominent exchanges for trading crude oil futures include:

    1. Chicago Mercantile Exchange (CME): The CME offers West Texas Intermediate (WTI) crude oil futures, one of the most widely followed benchmarks for oil prices in the United States.
    2. Intercontinental Exchange (ICE): ICE offers Brent crude oil futures, which serve as a key benchmark for global oil prices, especially in Europe and Asia.
    3. Dubai Mercantile Exchange (DME): The DME provides futures contracts based on Oman crude oil, primarily catering to the Middle East markets.
    4. Multi Commodity Exchange (MCX): MCX, based in India, offers futures contracts on crude oil, allowing investors and traders to access the Indian energy market.

    Contract Sizes for Crude Oil Futures

    The contract sizes for crude oil futures can vary depending on the exchange and grade of oil being traded. However, two of the most commonly traded crude oil futures contracts are:

    1. NYMEX WTI Crude Oil Futures: Each NYMEX WTI crude oil futures contract represents 1,000 barrels of West Texas Intermediate crude oil.
    2. ICE Brent Crude Oil Futures: Each ICE Brent crude oil futures contract represents 1,000 barrels of North Sea Brent crude oil.

    Top Oil Producers Around the World

    Oil production is a critical component of many countries’ economies. Some of the top oil producers globally include:

    1. United States: The United States has emerged as a major oil producer, driven by shale oil production in states like Texas and North Dakota.
    2. Saudi Arabia: Saudi Arabia has long been a leading oil producer and a key member of the Organization of the Petroleum Exporting Countries (OPEC).
    3. Russia: Russia is a significant oil producer, often competing with Saudi Arabia for the title of the world’s largest oil producer.
    4. Canada: Canada is known for its vast reserves of oil sands, making it a prominent player in the global oil industry.
    5. China: China has experienced rapid growth in oil production, driven by increased domestic demand.

    Top Oil Exporters Around the World

    While oil production is vital, exporting crude oil to global markets is equally important. Some of the top oil-exporting countries include:

    1. Saudi Arabia: Saudi Arabia is a major exporter and a key player in influencing global oil prices.
    2. Russia: Russia exports significant quantities of oil, particularly to Europe and Asia.
    3. United States: The U.S. has become a net exporter of oil, shipping crude oil to various countries worldwide.
    4. Iraq: Iraq is a major exporter of crude oil, primarily to Asia and Europe.
    5. Canada: Canada exports crude oil to the United States and is a key supplier to its southern neighbor.

    Top Exchanges Trading Crude Oil Futures

    Several exchanges worldwide facilitate the trading of crude oil futures contracts. Some of the most prominent ones include:

    1. Chicago Mercantile Exchange (CME): The CME Group offers futures contracts on West Texas Intermediate (WTI) crude oil, providing a vital benchmark for U.S. oil prices.
    2. Intercontinental Exchange (ICE): ICE offers futures contracts on Brent crude oil, which serves as a global benchmark for oil prices.
    3. Dubai Mercantile Exchange (DME):The DME is a leading exchange for Middle East crude oil futures, particularly Oman crude.
    4. Multi Commodity Exchange (MCX): MCX is India’s premier commodity exchange, offering futures contracts on crude oil and other commodities.

    Role of Oil Tankers

    Oil tankers play a pivotal role in the transportation of crude oil from producing regions to consuming markets. These massive vessels are designed to carry large quantities of crude oil and petroleum products. The two main types of oil tankers are:

    1. Crude Oil Tankers: These tankers are specially designed for the transportation of unrefined crude oil from oil fields to refineries. They come in various sizes, including Very Large Crude Carriers (VLCCs) and Ultra Large Crude Carriers (ULCCs).
    2. Product Tankers: Product tankers transport refined petroleum products such as gasoline, diesel, and jet fuel from refineries to distribution points and end consumers. They are smaller in size compared to crude oil tankers.

    Products and Byproducts Made from Crude Oil

    Crude oil is a versatile raw material that is processed in refineries to produce a wide range of products and byproducts. Some of the primary products derived from crude oil include:

    1. Gasoline: Gasoline is a vital fuel used in automobiles and other forms of transportation.
    2. Diesel: Diesel fuel powers trucks, buses, and many industrial vehicles.
    3. Jet Fuel: Jet fuel is used in aviation for commercial and military aircraft.
    4. Heating Oil: Heating oil is used for heating homes and buildings in colder climates.
    5. Petrochemicals: Crude oil is a source of various petrochemicals used to produce plastics, synthetic rubber, and chemicals for various industries.
    6. Lubricants: Crude oil is refined to produce lubricating oils for machinery, engines, and equipment.
    7. Asphalt: Asphalt is used in road construction and for roofing materials.
    8. Naphtha: Naphtha is a feedstock for the production of chemicals and as a component in gasoline blending.

    Why Cannon Trading Company Is a Good Choice for Trading Crude Oil Futures

    Cannon Trading Company is a trusted name in the world of futures and commodities trading, including the trading of crude oil futures. Here’s why they are an excellent choice:

    1. Expertise and Experience: With decades of experience, Cannon Trading has a team of knowledgeable brokers and professionals who specialize in energy futures, including crude oil.
    2. Multiple Trading Platforms: Cannon Trading offers a range of advanced trading platforms, ensuring that traders have access to the latest technology and tools.
    3. Personalized Service: The broker is known for its personalized approach, understanding each client’s unique trading goals and providing tailored solutions and guidance.
    4. Competitive Pricing: Cannon Trading offers competitive commission rates, helping traders manage their trading costs efficiently, which is crucial for energy futures traders.
    5. Educational Resources: Cannon Trading provides a wealth of educational resources, including webinars, market analysis, and trading guides, empowering traders to enhance their skills and make informed decisions.
    6. Regulation and Security: As a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), Cannon Trading adheres to strict industry regulations, ensuring a secure trading environment for clients.

    Elaborating on the TrustPilot Rating of 4.9 out of 5 Stars

    Cannon Trading Company’s exceptional TrustPilot rating of 4.9 out of 5 stars underscores the broker’s commitment to customer satisfaction and the quality of its services. This rating reflects the positive experiences of clients who have benefited from Cannon Trading’s expertise, personalized support, competitive pricing, educational resources, and adherence to regulatory standards. The high rating is a testament to Cannon Trading’s reputation for excellence in the world of futures trading, including the trading of crude oil futures.

    Crude oil futures are a fundamental component of the global energy market, providing traders, investors, and hedgers with exposure to the price of crude oil, a vital commodity with wide-ranging applications. Understanding the various grades of crude oil, where futures are traded, contract sizes, top oil producers and exporters, exchanges trading crude oil futures, the role of oil tankers, and the products derived from crude oil is essential for anyone interested in this dynamic market.

    Cannon Trading Company stands out as a top choice for trading crude oil futures, offering a wealth of experience, personalized service, advanced trading platforms, competitive pricing, educational resources, and a strong commitment to regulatory compliance. Their impressive TrustPilot rating of 4.9 out of 5 stars attests to their dedication to client satisfaction and their status as a trusted partner in the world of futures trading. Whether you are an experienced trader or just starting, Cannon Trading can provide the support and resources needed to navigate the complexities of crude oil futures trading effectively.

    Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

    Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

     

  • CPI tomorrow! + Levels for September 13th 2023

    Get Real Time updates and more on our private FB group!

    What you need to know before trading futures on Sept. 13th:

    • Front month for stock index futures is December!
    • Highly anticipated CPI report is tomorrow
    • Crude oil numbers are out tomorrow as the energy sector broke out to the upside in a strong way these past 2 weeks.
    Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000

     

    Volume in the September contracts will begin to drop off until their expiration Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.

     Monday, September 18th is Last Trading Day for September currency futures. It is of the utmost importance for currency traders to exit all September futures contracts by Friday, September 15th and to start trading the December futures. Currency futures are DELIVERABLE contracts.

    The month code for December is ‘Z.’  Please consider carefully how you place orders when changing over.

    Watch the video below on how to rollover your market depth and charts!

    Rollover Futures contract on E-Futures platform

    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

    09-13-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • What You Need to Know if you are Trading Futures on Sept. 7th 2023

    Get Real Time updates and more on our private FB group!
    What you need to know before trading futures tomorrow – September 7th 2023 ,

    by Mark O’Brien, Senior Broker

    General:

    We’re a couple of weeks away from the next meeting of the Federal Reserve when Fed. chair Jerome Powell and fellow board members will determine where the Federal Funds Rate – the central bank’s key borrowing rate – should be set.

     

    After raising rates eleven consecutive times ending in May, then holding off in June, the Central Bank raised interest rates by 25 basis points in July setting the borrowing rate at a range of 5.25% to 5.50% – the highest level at which Fed Funds have been set since 2001.

     

    How does that compare to other countries’ central bank moves.  Here’s a table showing the moves made over the last two years by nine others compared to the United States’.

    General, cont.

     

    Keep an eye out for markets trading near multi-month or multi-year extremes for the future price moves.

     

    →  At ±27 cents / pound sugar (March) is trading near 11-year highs.

     

    →  At ±$3,650 / ton cocoa (Dec.) is trading near 12-year highs.

     

    →  Trading below $1.50 / lb. coffee is trading near 2-year lows.

     

    →  Almost this entire calendar year, natural gas has been floating between 2.50 and 2.00 / million BTU’s just above all-time lows below $2.00 posted in June 2020.

     

    Energy:

    Prospects of the U.S. economy avoiding a hard recession have helped lift oil demand and prices in recent months.  Then traders took in last week’s report that voluntary cuts to world crude oil supplies by Russia and Saudi Arabia would be extended from September to year’s end – with the pronouncement that other OPEC+ countries may follow suit.  That sent crude oil futures prices on a renewed upward pace with the October contract breaching $88.00 per barrel intraday yesterday and today- hitting 10-month highs.  Alongside the West Texas Intermediate contract, Nov. Brent Crude oil futures traded on ICE Europe topped $90.00 per barrel.

     

    Heads up:

    Crude oil numbers are OUT tomorrow, 11 Am Eastern time.

    Plan your trade and trade your plan

    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

    09-07-2023

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

    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.

  • What You Need to Know if you are Trading Futures on Sept. 6th 2023

    Get Real Time updates and more on our private FB group!

    What you need to know before trading futures tomorrow – September 6th 2023

    by Ilan Levy-Mayer, VP

    1. ISM PMI is out tomorrow.
    2. Crude oil numbers will NOT be out tomorrow like normally do, due to the Labor Day weekend, these numbers will be released Thursday 30 minutes after the natural gas numbers.
    3. Crude oil broke up to the upside as well as Sugar. Corn and wheat broke to the downside.
    4. Most of the last few sessions in stock index futures have been extremely choppy. This will sometimes happen ahead of a strong breakout….the million $ question is which way…..

     

    Plan your trade and trade your plan

    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

    09-06-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • What You Need to Know if you are Trading Futures on Aug 30th 2023

    Get Real Time updates and more on our private FB group!

    What you need to know before trading futures tomorrow – Aug 30th 2023

    by Ilan Levy-Mayer, VP

    1. Front month for treasuries, silver, copper is now December.
    2. We have another employment report tomorrow morning, ADP
    3. Crude oil numbers are out tomorrow if you are an energy trader.
    4. Pending home sales will be out as well
    5. SP500 futures closed right against MAJOR moving average/resistance level. (chart below)
    6. Both Sugar, Silver and Heating oil markets flashed a possible long signal based on our proprietary indicators.
    7. Thursday will be the last trading day for August as well as Q3!
    8. Friday we will have the anticipated NFP ( non farm payrolls report)
    9. Labor day is almost here, see modified trading schedule HERE

     

    Plan your trade and trade your plan.

     

     

    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

    08-30-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Navigating the World of Crude Oil Futures: Production, Exchanges, Brokers, and Hedging

    Find out more about trading futures options with Cannon Trading Company here.

    Crude oil, often referred to as the lifeblood of modern economies, plays a pivotal role in energy production, transportation, and global geopolitics. As a finite and highly sought-after resource, trading crude oil futures offers investors and businesses a way to manage risk, speculate on price movements, and participate in the energy market. In this comprehensive exploration, we will delve into the types of crude oil, major oil-producing regions, top oil producers, global oil futures exchanges, the role of crude oil brokers, and the art of hedging crude oil through futures trading. Additionally, we will take a closer look at Cannon Trading Futures Brokers and their exceptional TrustPilot rating.

    Types of Crude Oil and Geographic Areas
    Crude oil is not a uniform commodity; it comes in various grades and qualities, each with distinct characteristics. The most commonly traded types of crude oil include Brent crude, West Texas Intermediate (WTI) crude, and Dubai crude, among others. These grades differ in terms of density, sulfur content, and location of production.

    Geographically, crude oil is found in multiple regions around the world. Notable areas of crude oil production include:

    1. Middle East: The Middle East is renowned for its vast oil reserves, with countries like Saudi Arabia, Iraq, and Iran being major producers. The region’s influence on global oil prices and supply dynamics is significant.
    2. North America: The United States and Canada are prominent producers of crude oil, with the shale revolution in the U.S. leading to a surge in production in recent years.
    3. Russia and Former Soviet Union: Russia has substantial oil reserves and is a key player in the global oil market. Other countries in the former Soviet Union, such as Kazakhstan and Azerbaijan, also contribute to production.
    4. Latin America: Countries like Venezuela and Brazil are significant producers in the Latin American region, contributing to global supply.
    5. Africa: Countries like Nigeria, Angola, and Libya are noteworthy crude oil producers in Africa, with varying degrees of geopolitical influence on supply.

    Top Oil Producers in the World
    The hierarchy of top oil producers shifts based on global economic and political dynamics. As of my last knowledge update in September 2021, some of the top oil-producing countries included Saudi Arabia, the United States, Russia, and China. These countries not only influence the supply side but also impact global demand and pricing trends.

    Global Oil Futures Exchanges and Brokers
    Oil futures are traded on several prominent exchanges around the world, providing investors and traders with a platform to speculate on the future price of crude oil. Some of the well-known oil futures exchanges include:

    1. New York Mercantile Exchange (NYMEX): NYMEX, a division of the CME Group, offers futures contracts for WTI crude oil. WTI is considered a benchmark for oil prices in North America.
    2. Intercontinental Exchange (ICE): ICE offers Brent crude oil futures contracts, which serve as a global benchmark for oil prices. Brent crude is sourced from the North Sea and represents a major component of the international oil market.
    3. Dubai Mercantile Exchange (DME):DME provides a platform for trading Dubai crude oil futures contracts, which cater to the Asian market.

    Hedging Crude Oil on the Futures Market
    Hedging in the context of crude oil futures involves using futures contracts to mitigate the risk of adverse price movements. This strategy is commonly employed by oil producers, consumers, and investors who wish to protect themselves from the volatility of oil prices.

    For instance, an oil producer concerned about a potential decline in oil prices could enter into futures contracts to sell oil at a predetermined price. If prices fall, the loss on the physical oil sale could be offset by gains in the futures contract. Similarly, airlines or other businesses heavily reliant on oil for operations could use futures contracts to lock in prices and safeguard against unexpected price spikes.

    Cannon Trading Futures Brokers and TrustPilot Rating
    Cannon Trading, a well-established futures broker, offers traders access to a range of commodities, including crude oil futures. With over three decades of experience in the industry, Cannon Trading has earned a reputation for its commitment to providing traders with advanced tools, competitive pricing, and reliable execution.

    One valuable indicator of a broker’s performance is customer feedback, and Cannon Trading’s exceptional rating on TrustPilot speaks to its dedication to client satisfaction. TrustPilot, a platform for customer reviews, showcases positive experiences shared by traders who have engaged with Cannon Trading. These reviews often highlight factors such as efficient customer support, user-friendly platforms, and seamless order execution, all of which are critical in the world of futures trading.

    Crude oil futures offer a pathway for investors, producers, and consumers to engage with the energy market, manage risk, and capitalize on price movements. The diverse types of crude oil and their global geographic locations contribute to the dynamic nature of the oil market. As top oil producers shift and demand evolves, the role of oil futures exchanges, brokers, and hedging strategies remains integral to the functioning of this essential global commodity market. Cannon Trading Futures Brokers, exemplified by their TrustPilot rating, underscores the significance of reliable brokerage services in facilitating successful crude oil futures trading.

  • Trading Crude Oil Futures: Strategies, Techniques, and Considerations

    Learn more about trading crude oil futures with Cannon Trading Company here.

    Trading crude oil futures is a dynamic and potentially lucrative endeavor that requires a deep understanding of the energy markets, technical analysis, risk management, and trading strategies. In this comprehensive guide, we will delve into the world of crude oil futures trading, focusing on a specific type of crude oil, discussing relevant exchanges, exploring day trading techniques for futures, and touching on techniques for trading crude oil options on futures. Additionally, we will highlight the services of Cannon Trading Company, known for their customer service excellence and high TrustPilot rating.

    Understanding Crude Oil Futures Trading

    Crude oil is a crucial global commodity that not only fuels economies but also presents trading opportunities for individuals and institutions. Crude oil futures contracts allow traders to speculate on the price movements of oil, whether they anticipate its price to rise (go long) or fall (go short). Futures contracts provide a standardized way to buy or sell a specific quantity of crude oil at a predetermined price on a future date.

    Types of Crude Oil: When trading crude oil futures, it’s important to consider the different types of crude oil. West Texas Intermediate (WTI) and Brent crude are two of the most widely traded types. WTI is primarily produced in the United States and is known for its relatively low sulfur content. Brent crude, on the other hand, is sourced from the North Sea and is considered a global benchmark for oil prices.

    Exchanges for Crude Oil Futures: Crude oil futures are traded on various exchanges around the world, with the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) being two prominent ones. NYMEX offers WTI crude oil futures, while ICE provides Brent crude oil futures. These exchanges provide liquidity, price discovery, and a platform for traders to engage in both speculation and risk management.

    Day Trading Techniques for Crude Oil Futures

    Day trading involves opening and closing positions within the same trading day, capitalizing on short-term price movements. Trading crude oil futures using day trading techniques requires discipline, a solid strategy, and an understanding of market dynamics.

    1. Technical Analysis: Day traders often rely on technical analysis, using indicators such as moving averages, MACD, RSI, and candlestick patterns to identify entry and exit points. Price charts and patterns can provide insights into potential price movements.
    2. Volatility Analysis: Crude oil markets can be highly volatile, presenting both opportunities and risks. Traders can use tools like the Average True Range (ATR) to gauge volatility and adjust their position sizing and stop-loss levels accordingly.
    3. News and Events: Economic and geopolitical news can significantly impact oil prices. Day traders should stay informed about major events, such as OPEC meetings, inventory reports, and geopolitical tensions, to anticipate potential price swings.
    4. Scalping and Momentum Strategies: Scalping involves making quick trades to capture small price movements, while momentum strategies capitalize on trends. These techniques require quick decision-making and a keen understanding of price momentum.
    5. Risk Management: Effective risk management is crucial in day trading. Setting stop-loss orders, defining maximum loss thresholds, and managing position sizes can help traders protect their capital.

    Trading Crude Oil Options on Futures

    Options on futures provide traders with the right, but not the obligation, to buy or sell a futures contract at a specific price (strike price) on or before a certain date (expiration date). Trading crude oil options on futures allows for more flexibility and risk management.

    1. Hedging Strategies: Crude oil options can be used for hedging purposes, allowing producers and consumers to protect themselves against price fluctuations. For example, a crude oil producer can purchase put options to hedge against a potential price decline.
    2. Directional Strategies: Traders can also use options to speculate on the future price direction of crude oil. Buying call options can provide exposure to potential price increases, while buying put options can provide exposure to potential price decreases.
    3. Spread Strategies: Option spreads involve trading multiple options contracts simultaneously to capitalize on price differentials. Calendar spreads and vertical spreads are common strategies that can be used to take advantage of volatility or time decay.
    4. Implied Volatility Considerations: Implied volatility reflects the market’s expectation of future price volatility. Traders should be aware of implied volatility levels, as it can impact option prices. High implied volatility may make options more expensive.

    Cannon Trading Company: Customer Service and TrustPilot Rating

    Cannon Trading Company is a brokerage firm known for its services in facilitating various types of trading, including crude oil futures and options on futures. The company’s commitment to customer service plays a crucial role in assisting traders as they navigate the complexities of the commodities markets.

    Customer Service Excellence: Cannon Trading Company prides itself on providing exceptional customer service. Their experienced brokers offer personalized assistance, market insights, and trading strategies to help clients make informed decisions.

    TrustPilot Rating: The company’s high TrustPilot rating of 4.9 out of 5 stars is a testament to its dedication to customer satisfaction. TrustPilot is a platform where customers can share their experiences with businesses. Such a high rating indicates that customers have found value in Cannon Trading Company’s services and have had positive interactions with their team.

    Trading crude oil futures presents opportunities for both institutional and individual traders to capitalize on the volatility and price movements in the energy markets. Understanding the nuances of different crude oil types, utilizing relevant exchanges, and employing effective day trading techniques can help traders navigate this complex market. Moreover, trading options on crude oil futures offers additional strategies for risk management and speculation. As exemplified by Cannon Trading Company’s customer service and high TrustPilot rating, choosing the right brokerage partner can enhance the trading experience and provide valuable support to traders of all levels.

    Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

    DisclaimerTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

  • The Week Ahead for Commodities + Trading Levels for August 15th 2023

    Get Real Time updates and more on our private FB group!

    The Week Ahead

    by Mark O’Brien, Senior Broker

    General: 

     

    As the duel between the United States and China continues, seemingly on several fronts, a new sign emerged the first half of the year: China’s imports to the U.S. accounted for the smallest percentage of goods arriving here in 20 years.  Just 13.3% of all imports to the U.S. came from China the first half of 2023.  Compare that to its peak of 21.6% for all of 2017 and its low point of 12.1% in 2013.  The downturn is not due to any list of stand-out products or industries, nor has any country or small number of countries jumped up to import a bigger share of anything.  Rather, slow-moving supply chain shifts across dozens of industries and nations are driving the trend.  When the dollar values of exports and imports are combined, Mexico is now America’s no. 1 trading partner, followed by Canada, pushing China to third place.

     

    Last Thursday, the Labor Department reported the consumer-price index increased 0.2% in July, the same as in June. That is down sharply year-over-year looking at the 1.2% gain in June 2022.  If the downward trend continues – now over a year from its June 2022 peak reading of 9.1%, inflation is on a path to draw near the Federal Reserve’s 2% target by late 2023 or early 2024.

     

    What could stand in the way of that trend?  Geopolitical events and weather could impact food and energy prices.

     

    After Saudi Arabia and Russia announced reductions in their oil production last month, unleaded gas prices, which tend to lag behind crude oil prices, traded to 1-year highs on Friday (basis September) within less than two cents of $3.00 per gallon.

     

    Further regarding Russia, last month it withdrew from a deal that allowed Ukraine to export grain through the Black Sea and has since attacked key port facilities in Odesa.  Ukraine is one of the world’s largest grain suppliers including 13% of global corn exports and the 12% of wheat.

     

    Add to all this, scientists watching the periodic climate pattern called El Niño are now anticipating it arriving this winter more likely as “moderate,” and possibly a “strong” event than how they assessed conditions in May.  Ocean surface temperatures in the central Pacific Ocean have warmed enough off the coast of South America to trigger an El Niño, meaning possibly a warmer, dryer winter here in the U.S. and higher temperatures globally. This can cause disruptions to crops in some of the world’s most important commodities sources.

     

    Keltner Channels, Volume Charts, Algo Signals – Trade Set Up

    • Watch the 5 minute video below in which I share a trading set up I like, using volume charts, candle sticks, Keltner Channels and proprietary ALGOs for trading signals.

    Volume charts, candle sticks, Keltner Channels and proprietary ALGOs for trading signals.

     

     

    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

    08-15-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: Trading Around Economic Reports + Levels for August 7th

    Cannon Futures Weekly Newsletter Issue # 1157

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    Have a safe Memorial Day Weekend. Trading Schedule HERE

    In this issue:

    • Trading Resource of the Week – Trading Key Economic reports
    • Hot Market of the Week – September Crude Oil
    • Broker’s Trading System of the Week – NQ Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Trading Resource of the Week – Trading Key Economic Reports

    As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
    There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
    • What is GDP?
    • About the Retail Sales Report
    • What is NFP ( non farm payroll) Report?
    • Understanding US housing Data
    • FOMC
    • Understanding Oil Data Report
    • Importance of Consumer Confidence Survey

     

    ACCESS THE COURSE NOW

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    September Crude Oil completed it’s first upside PriceCount objective and had a brief break. At this point, if the market can maintain the bullish tone, the next upside PriceCount objective comes at 89.31
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $30,000
    COST
    USD 255 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for August 7th, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Would you like to receive daily support & resistance levels?
    Yes
    No

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    Good Trading!
    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.
  • Rest of the Trading Week: What to Watch Out For + Trading Levels for August 3rd 2023

    Get Real Time updates and more on our private FB group!

    Rest of the Trading Week, by Mark O’Brien, Senior Broker

    General:

     

    The answer is: Germany, Denmark, Netherlands, Sweden, Norway, Switzerland, Luxembourg, Singapore and Australia.

    The question is: name the remaining countries whose credit is rated AAA by all three ratings companies – S&P Global, Fitch and Moody’s – after Fitch downgraded the United States’ debt rating from its top-tier AAA, down to AA+.

     

    Among the contributing factors leading to the downgrade, Fitch cited, “the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance . . . that has manifested in repeated debt limit standoffs and last-minute resolutions.”

     

    Remember in 2011, even though at that time a debt-limit deal was reached, S&P Global lowered the U.S.’s credit rating from AAA down to AA+ and it has not recovered since.

     

    Canada is rated AAA by two of the ratings companies.

     

    Stock Indexes:

     

    Probably not surprisingly, as of this typing, stock indexes reacted negatively to the ratings news with the E-mini Dow Jones losing more than 300 points, roughly a 2% haircut. The E-mini Nasdaq is off ±325 points, a similar 2% correction.

     

    Energy:

     

    As the stock market foundered, crude oil felt weak in the knees as well and by mid-session, the September contract had sold off $3.00 per barrel from its Sunday opening. This despite today’s EIA crude oil stocks report showing a 17 million barrel reduction in U.S. crude stocks; the largest drop in inventories since 1982.

     

    Grains:

     

    After trading within 13 cents of its April 2022 highs last week, November soybeans factored in an expected conga line of wet weather fronts moving broadly over the U.S. Midwest and sold off ±$1.00 down to ±$13.25/bushel, a $5,000 per contract move, the bulk of which comprised just three trading sessions. Estimates for this year’s crop are a virtual wild card given the approach of August, its most critical growing period, so expect volatile price movement throughout.

     

    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

    08-03-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Highlights, Announcements + Trading Levels for 7.27.2023

    Get Real Time updates and more on our private FB group!

    Bullet Points, Highlights, Announcements

    By Mark O’Brien, Senior Broker

    General:

     

    As expected, today Federal Reserve officials raised interest rates by 25 basis points. This puts the Federal Funds Rate – the central bank’s key borrowing rate – at a range of 5.25 to 5.50. This is the highest level at which Fed Funds have been set since 2001. The vote was unanimous among the Fed governors to take this latest step in the bank’s efforts to rein in inflation and cool the economy. This increase is the latest in the fed’s months-long effort to rachet up borrowing costs resulting in a reduction in demand for goods, services and labor in the economy.

     

    WTI crude oil has been repeatedly plumbing its lows of the year between $67 and $70 per barrel the entire second quarter. Yesterday it traded within 10 cents of $80.00 per barrel intraday (basis Sept.) to 3-month highs – a solid ±$12 per barrel move this month; a ±$12,000 per contract move. Analysts largely attribute the increase to recently announced output cuts by Saudi Arabia and Russia.

     

    September soybeans traded up 21 ¼ cents today to this crop year’s and life-of-contract highs, closing at $15.56 ½ per bushel. The current rally off it’s late-May lows just above $12.00 per bushel (a ±$17,500 per contract move) reflect the continued sentiment that U.S. soybean crop conditions will continue to deteriorate as harvest approaches.

    Plan your trade and trade your plan.

     

    Plan your trade and trade your plan.

     

     

     

    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

    for 07-27-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Crude Oil Futures Contracts

    Trading, Legislative Changes, Historical Overview, Top Producers, and the Role of Cannon Trading Company and E-Futures.com

    Learn more about trading crude oil with Cannon Trading Company here.

    Crude oil futures contracts are vital financial instruments that facilitate trading and hedging activities in the global oil market. In this article, we will explore the top trading crude oil futures contracts, recent legislative changes surrounding them, the trading process, the historical timeline of their introduction to the futures market, and the key players in crude oil contract production. Furthermore, we will discuss the role of Cannon Trading Company and E-Futures.com in trading crude oil futures.

    I. Top Trading Crude Oil Futures Contracts:

    The two primary crude oil futures contracts that dominate the global market are West Texas Intermediate (WTI) and Brent Crude Oil. These benchmarks serve as references for pricing crude oil and act as foundations for futures trading.

    1. WTI Crude Oil Futures:
      WTI crude oil futures represent the oil produced in the United States, primarily from the Permian Basin in Texas. WTI contracts are traded on the New York Mercantile Exchange (NYMEX) and are denominated in U.S. dollars.
    2. Brent Crude Oil Futures:
      Brent crude oil futures are derived from the North Sea oil produced in the Brent oilfield. These contracts are traded on the Intercontinental Exchange (ICE) and are denominated in U.S. dollars. Brent crude serves as a benchmark for pricing crude oil in Europe, Africa, and the Middle East.

    II. Recent Legislative Changes:
    Legislation surrounding crude oil futures contracts aims to promote market stability, transparency, and fair trading practices. Recent changes have focused on several key areas:

    1. Environmental Regulations and Energy Transition:
      In response to growing concerns over climate change and the need to transition to cleaner energy sources, legislative changes have been implemented to incentivize sustainable practices and reduce reliance on fossil fuels. These changes may impact the demand for and trading of crude oil futures contracts, especially as the world moves towards renewable energy alternatives.
    2. Regulatory Oversight and Market Surveillance:
      Enhanced regulatory oversight seeks to prevent market manipulation, ensure fair trading practices, and safeguard the integrity of crude oil futures markets. Stricter reporting requirements, increased transparency, and monitoring mechanisms have been introduced to promote market stability and protect market participants.

    III. Trading Crude Oil Futures Contracts:

    Crude oil futures contracts are traded on established futures exchanges, such as NYMEX and ICE. The trading process involves several key steps:

    1. Market Participants:
      Various participants engage in trading crude oil futures contracts, including commercial entities (such as oil producers, refiners, and end-users) seeking to manage price risks, speculators aiming to profit from price fluctuations, and institutional investors looking to diversify their portfolios.
    2. Contract Specifications:
      Crude oil futures contracts have standardized specifications, including the contract size, delivery location, quality of crude oil, and expiration months. These specifications ensure uniformity and ease of trading.
    3. Trading Platforms and Execution:
      Crude oil futures contracts are predominantly traded electronically. Traders access trading platforms provided by brokerage firms, such as Cannon Trading Company and E-Futures.com, to submit orders. These platforms offer real-time market data, order management tools, and execution capabilities.
    4. Margin Requirements and Leverage:
      To participate in crude oil futures trading, market participants are required to meet margin requirements, which act as collateral against potential losses. Margin allows traders to leverage their positions, amplifying potential gains or losses.

    IV. Historical Overview of Crude Oil Futures Trading:
    Crude oil futures trading has a rich history, with its origins dating back to the mid-19th century. The development of formalized futures markets for crude oil revolutionized risk management and price discovery in the energy sector.

    1. Early Beginnings:
      The first crude oil futures contracts were traded in the United States during the 1850s. These contracts allowed producers and consumers to hedge against price fluctuations and secure future supplies. However, the modern futures market for crude oil began to take shape in the 1970s.
    2. Evolution and Global Expansion:
      Crude oil futures trading evolved throughout the 20th century, driven by advancements in technology, increased globalization, and the establishment of benchmark crude oil grades. The introduction of standardized contracts and electronic trading platforms facilitated the growth and accessibility of crude oil futures markets.

    V. Top Producers of Crude Oil Contracts:

    Several countries play significant roles as producers and exporters of crude oil futures contracts, influencing global oil markets. The top producers include:

    1. United States:
      The United States is a major producer and consumer of crude oil. Through its WTI crude oil futures contract, the country holds substantial influence in the global oil market due to its significant domestic production, advanced infrastructure, and active financial markets.
    2. OPEC Countries:
      The Organization of the Petroleum Exporting Countries (OPEC) member countries collectively hold significant sway over crude oil prices and trading. Prominent OPEC producers include Saudi Arabia, Iraq, Iran, and the United Arab Emirates.
    3. Russia:
      Russia ranks among the world’s top crude oil producers and exporters, impacting global oil prices. Russian crude oil, particularly the Urals blend, serves as a benchmark in European markets.
    4. Other Producers:
      Canada, China, Brazil, and various countries in Africa, such as Nigeria and Angola, are also noteworthy producers of crude oil contracts.

    VI. Cannon Trading Company and E-Futures.com in Crude Oil Futures Trading:
    Cannon Trading Company and E-Futures.com are well-known brokerage firms that provide trading services and platforms for various futures contracts, including crude oil.

    1. Cannon Trading Company:
      Cannon Trading Company is a futures brokerage firm offering a range of services to traders, including access to various markets, trading platforms, research tools, and personalized customer support. They facilitate the trading of crude oil futures contracts, including WTI and Brent.
    2. E-Futures.com:
      E-Futures.com is an online futures trading platform that provides traders with access to multiple futures markets, including crude oil futures contracts. It offers advanced trading tools, real-time market data, and execution capabilities.

    Crude oil futures contracts, particularly WTI and Brent, dominate the global oil market and provide a means for participants to manage price risks and engage in speculative activities. Recent legislative changes focus on environmental concerns and market oversight. Trading these contracts involves standardized specifications, electronic platforms, and margin requirements. The historical evolution of crude oil futures trading spans over a century, leading to the establishment of benchmark grades and global trading platforms. The top producers of crude oil contracts include the United States, OPEC countries, Russia, and other major oil-producing nations. Cannon Trading Company and E-Futures.com serve as brokerage firms facilitating the trading of crude oil futures contracts, enabling market participants to access these markets efficiently and effectively.

    Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

    DisclaimerTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

  • Trading Levels for July 13th – PPI and the Bigger Picture

    Get Real Time updates and more on our private FB group!

    Bigger Picture

    By Mark O’Brien, Senior Broker

     

    Taking a look at a relatively bigger picture of the world’s growth – or lack thereof – below you’ll find a list of natural resource commodities and their performance over the first half of the year.

    The list is certainly metals-centric and no softs (cocoa, sugar, cotton, coffee, orange juice) or livestock were included.  Nevertheless, it illustrates the broad theme of the global economy, in which the world’s leading demand engine – China – has experienced at best a sputtering recovery after nearly three years of pandemic-related falloff.

    Notice just two: lithium and gold were the only ones heading into the second half of 2023 with positive returns.

    Noteworthy is gold’s hold on to positive returns attributable to the relatively stable U.S. dollar and steady demand by the world’s central banks, which is likely to persist as long as the risk of recession remains for the big players – China, Europe and the U.S. – and high-quality, liquid assets remain desirable.  Compare gold to crude oil, which despite output cuts by OPEC+ countries and forecasts for demand to continue outpacing supply into 2024, has stayed negatively impacted by stalled economies.

     

     

    Plan your trade and trade your plan.

     

    Watch video below on ways to project exits on trades.

    Projecting possible targets when trading futures

    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

    for 07-13-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Important Reports Tomorrow, Trading Competition + Levels for July 6th

    Get Real Time updates and more on our private FB group!

    Bullet Points, Highlights, Announcements

    By Mark O’Brien, Senior Broker

     

    General: it’s that time of the month again: we’re a couple of days from when the Labor Dept. releases its monthly Non-farm payrolls report. It’s widely considered to be one of the most important and influential measures of the U.S. economy and the report is released at 7:30 A.M., Central Time on the first Friday of the month.

    To review, the Labor Dept.’s Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites. The report excludes farm workers, private household employees, domestic household workers and non-profit organization employees. The report also includes other detailed industry data including the overall unemployment rate as a percentage of the total labor force that is unemployed but actively seeking work, wages, wage growth and average workday hours.

     

    Energy: West Texas crude oil futures (basis Aug.) is trading up ±$2.50/barrel / ±3% today near $72/barrel on the heels of joint Saudi Arabia / Russia announcements of supply cuts. The former announced it would extend its voluntary output cut of 1 million barrels per day out to August. Russia committed to lowering its August output and export levels by 500,000 barrels per day. Typically, the Fourth of July holiday marks the peak of the U.S. travel season.

    Equity Index Futures Trading Challenge

    Sign up for the Cannon Trading via clearing partner StoneX + CME Group Equity Index Futures Trading Challenge for your chance to sizzle the competition this summer – Trade Micro, E-mini, and Standard size contracts on the S&PNASDAQRussell, and Dow Jones in a risk-free environment while competing with fe11ow traders for a cash prize•.

    Use the Cannon Futures Trader Simulated Trading Environment and a virtual account of $100,000 to trade CME Group Equity Index futures. Increase your balance as much as possible between July 9th and July 21st for your chance to win!

     

    Duration

    Start date: July 9th 2023

    End date: July 21st 2023

    Prizes

    1st Place: $1200

    2nd Place: $850

    3rd Place: $450

    Sign up NOW

     

     

    Plan your trade and trade your plan.

     

    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

    for 07-06-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Major Commodity Exchanges for Crude Oil and Oil Futures Trading

    Find out more about trade crude oil futures here.

    Commodity exchanges play a crucial role in facilitating the trading of various commodities, including crude oil and oil futures. These exchanges provide a platform for buyers and sellers to engage in transactions, hedge risks, and determine the prices of commodities. Several major commodity exchanges around the world are known for their active trading of crude oil and oil futures. Let’s explore some of these exchanges, their geographic locations, the types of crude oils traded, and the top five producers of crude oil globally.

      1. New York Mercantile Exchange (NYMEX) – United States: The New York Mercantile Exchange, located in New York City, is one of the world’s largest and most influential commodity exchanges. NYMEX offers an array of energy futures contracts, including the West Texas Intermediate (WTI) crude oil futures, which are considered the benchmark for oil pricing in the United States. WTI crude oil is a light, sweet crude oil known for its low sulfur content.
        • Overview of NYMEX Crude Oil Futures: NYMEX Crude Oil Futures represent a contract to buy or sell a specific quantity of WTI crude oil at a predetermined price and delivery date in the future. The contract size for NYMEX Crude Oil Futures is 1,000 barrels of oil. The pricing of these futures contracts is based on the price of WTI crude oil, which is a benchmark for oil prices in the United States and serves as a reference for global oil markets.
        • Speculation: NYMEX Crude Oil Futures attract speculative traders who aim to profit from short-term price movements. These traders analyze various factors such as supply and demand fundamentals, geopolitical events, and economic indicators to make informed trading decisions. Speculative trading adds liquidity to the market and contributes to efficient price discovery.
      2. Intercontinental Exchange (ICE) – United Kingdom: The Intercontinental Exchange, based in London, operates the ICE Futures Europe, where a significant volume of crude oil and oil futures contracts are traded. The Brent crude oil futures, the most widely recognized benchmark for oil pricing worldwide, are traded on this exchange. Brent crude oil is sourced from the North Sea and is known for its higher sulfur content compared to WTI.
      3. Intercontinental Exchange (ICE) – United Kingdom: The Intercontinental Exchange, based in London, operates the ICE Futures Europe, where a significant volume of crude oil and oil futures contracts are traded. The Brent crude oil futures, the most widely recognized benchmark for oil pricing worldwide, are traded on this exchange. Brent crude oil is sourced from the North Sea and is known for its higher sulfur content compared to WTI.
        • Importance of INE Crude Oil Futures: INE Crude Oil Futures plays a crucial role in China’s efforts to enhance its energy market and strengthen its influence in the global oil market. As the world’s largest energy consumer, China’s demand for crude oil continues to rise. By establishing a domestic futures contract, China aims to gain more control over its oil pricing, reduce reliance on international benchmarks, and develop a pricing mechanism that better reflects regional supply and demand dynamics.
        • Contract Specifications: The INE Crude Oil Futures contract is denominated in Chinese Yuan (CNY) and trades on the INE. The contract size is 1,000 barrels of crude oil, with delivery months extending for the next 12 calendar months. The crude oil grade specified in the contract is medium sour crude oil, allowing market participants to trade a specific grade of oil that is relevant to the Chinese market.
      4. Dubai Mercantile Exchange (DME) – United Arab Emirates: The Dubai Mercantile Exchange, located in Dubai, facilitates the trading of various energy futures contracts, including the DME Oman Crude Oil Futures. The DME Oman contract serves as a benchmark for pricing Middle East crude oil exports to Asia. Oman crude oil is a medium sour crude known for its higher sulfur content.Contract Specifications: DME Crude Oil Futures represent the delivery of Dubai, Oman, or Upper Zakum crude oil. The contract specifications include the following:
        • Underlying Commodity: Dubai, Oman, or Upper Zakum crude oil
        • Contract Size: 1,000 barrels
        • Tick Size: $0.01 per barrel
        • Pricing Unit: U.S. Dollars per barrel
        • Contract Months: Up to 36 consecutive months
        • Trading Hours: Sunday to Thursday, 02:00 pm to 11:30 pm Gulf Standard Time (GMT+4)
        • Delivery Location: Fujairah, United Arab Emirates
      5. Multi Commodity Exchange (MCX) – India: The Multi Commodity Exchange, based in Mumbai, India, operates the MCX Crude Oil futures These contracts enable participants to trade Indian crude oil futures. The Indian crude oil basket comprises a mix of various crude oil types, including Brent, Dubai, and Omani crudes.
        • Contract Specifications: MCX Crude Oil Futures contracts have specific specifications that traders need to understand. The contract size for MCX Crude Oil Futures is typically 100 barrels, denominated in Indian Rupees (INR). The minimum price fluctuation, also known as the tick size, is INR 1 per barrel. This means that a price change of INR 1 per barrel results in a profit or loss of INR 100 per contract.
        • Factors Affecting MCX Crude Oil Futures Prices: Several factors impact the prices of MCX Crude Oil Futures. These include:
          1. Global Crude Oil Market: MCX Crude Oil Futures prices are influenced by international crude oil prices, particularly benchmark prices like Brent Crude or West Texas Intermediate (WTI). Supply and demand dynamics, geopolitical events, production cuts or increases by major oil-producing countries, and changes in global economic conditions all play a significant role in determining crude oil prices.
          2. Currency Exchange Rates: As MCX Crude Oil Futures are denominated in Indian Rupees, fluctuations in currency exchange rates, particularly the USD/INR exchange rate, can affect the prices of MCX Crude Oil Futures. A stronger Indian Rupee relative to the US Dollar can potentially lower the prices of MCX Crude Oil Futures and vice versa.
          3. Inventory Data: Inventory reports, such as the weekly crude oil inventory data released by the U.S. Energy Information Administration (EIA), can influence crude oil prices and subsequently impact MCX Crude Oil Futures. Changes in inventory levels, indicating either a build-up or drawdown of crude oil stocks, provide insights into supply-demand dynamics and can impact market sentiment.
          4. Macroeconomic Factors: Broader economic factors, such as GDP growth, inflation rates, and monetary policy decisions, can impact crude oil prices. Economic indicators that reflect the health of major oil-consuming nations, including India, can influence MCX Crude Oil Futures prices.

    Ranking of the Top Five Producers of Crude Oil Worldwide:

    1. United States: The United States is the world’s largest producer of crude oil, thanks to its significant shale oil production. The country has experienced a surge in oil production in recent years, driven by advancements in extraction technologies such as hydraulic fracturing (fracking).
    2. Saudi Arabia: As the leading producer within the Organization of the Petroleum Exporting Countries (OPEC), Saudi Arabia holds substantial reserves and maintains a high level of crude oil production capacity. The country plays a crucial role in global oil markets and has a significant influence on oil prices.
    3. Russia: Russia has consistently been one of the top producers of crude oil It possesses vast oil reserves and operates expansive oil fields. Russian oil production is a vital component of the country’s economy, contributing significantly to its export revenues.
    4. Canada: Canada is renowned for its vast oil sands reserves, particularly in the province of Alberta. The extraction and production of oil from these unconventional sources have propelled Canada into the ranks of the world’s major crude oil
    5. Iraq: Iraq holds significant oil reserves, making it one of the top producers globally. Despite facing geopolitical challenges, the country has managed to sustain and increase its oil production, contributing substantially to the global crude oil supply.

    Major commodity exchanges worldwide facilitate the trading of crude oil and oil futures contracts, providing a platform for market participants to engage in transactions and manage price risks. Geographic locations such as the United States, the United Kingdom, China, the United Arab Emirates, and India are home to prominent exchanges where various types of crude oils are traded. Additionally, the top five producers of crude oil globally include the United States, Saudi Arabia, Russia, Canada, and Iraq, with each country playing a significant role in shaping the global oil market.

    Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

    DisclaimerTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

  • Trading Competition! Win REAL Cash + 4th of July Trading Hours

    Get Real Time updates and more on our private FB group!
    4th of July is around the corner! Make sure you are aware of the modified trading hours.

    Bullet Points, Highlights, Announcements

    By Mark O’Brien, Senior Broker

     

    General (agriculture): 

     

    The U.S. is well into summertime and with it agricultural futures, particularly field crops like corn, wheat and soybeans have gained in stature as already-planted crops are growing and developing toward their fall harvest.  At the same time, corn, wheat and soybean futures contracts have seen seasonal and meaningful increases in trade volume.  Along side this development, this year has seen noteworthy volatility in price movement.  To provide some perspective on this year’s U.S. crop season is the futures exchange where these agricultural products’ futures contracts are traded: CME Group.  While its exchanges make up the world’s largest operator of financial derivatives, it’s also an important source of futures research and education, with a collection of courses, lessons and webinars on trading, as well as a wealth of academic resources.  For example, take a look at their report on corn released this week entitled, “Vol is High by the Fourth of July.”  Get an understanding of how this crop year compares to other recent ones and what could be in store for prices.

     

    More general (energy) 

     

    Keep an eye on the third-smallest country on the continent and the second-least populated there.  It’s also one of the least densely populated countries on Earth (±10 people/mi²) with over 40% of its population living below the country’s poverty line.  Because ever since the discovery of a collection of astonishing and promising oil finds in recent years – estimated at over 11 billion barrels of oil reserves off its coast – Guyana in South America has become an enlivened player on the world stage.  With infrastructure investment dollars and know-how coming in from major energy players like Exxon Mobile, a formal invitation to join OPEC (so far, rebuffed), Guyana with a population of barely 800,000, has become the world’s fastest growing economy and is now ranked as having the fourth-highest GDP per capita in the Americas after the United States, Canada, and The Bahamas.

     

    What level of attention have energy futures paid to the introduction of the largest addition to global oil reserves in the last 50 years?  The early answer is very little, but worthy of monitoring.  At ±360,000 barrels per day currently, Guyana barely moves the needle alongside the current ±90 million barrel-per day production globally.  Still, oil demand is expected to decline in the coming decades and OPEC’s influence over oil prices has regressed in recent years as non-OPEC countries like the U.S. Brazil, Guyana and Egypt have collectively impacted the global supply/demand dynamic.  This puts Guyana in a position to be an influential player as it works to increase production – with a planned 1 million barrels per day output by 2028.

    Plan your trade and trade your plan. 

     

    Equity Index Futures Trading Challenge

    Sign up for the Cannon Trading via clearing partner StoneX + CME Group Equity Index Futures Trading Challenge for your chance to sizzle the competition this summer – Trade Micro, E-mini, and Standard size contracts on the S&PNASDAQRussell, and Dow Jones in a risk-free environment while competing with fe11ow traders for a cash prize•.

    Use the Cannon Futures Trader Simulated Trading Environment and a virtual account of $100,000 to trade CME Group Equity Index futures. Increase your balance as much as possible between July 9th and July 21st for your chance to win!

     

    Duration

    Start date: July 9th 2023

    End date: July 21st 2023

    Prizes

    1st Place: $1200

    2nd Place: $850

    3rd Place: $450

    Sign up NOW

     

     

     

     

     

     

    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

    for 06-29-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter 1150: Projecting Targets, Juneteenth Hours + Levels for June 19th/20th

    Cannon Futures Weekly Newsletter Issue # 1150

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    Have a safe Memorial Day Weekend. Trading Schedule HERE

    In this issue:

    • Important Notices – Juneteenth Holiday Hours
    • Trading Resource of the Week – Trading 101 Video: Where are my Targets?
    • Hot Market of the Week – July Oats
    • Broker’s Trading System of the Week – NEW Crude Oil Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

      • Important Notices – Juneteenth Holiday Hours
      Monday, June 19, 2023 US bank will be closed in observance of Juneteenth. There will be no money transactions Wires, ACH, Internal transfer and or currency conversion.

     

    Trading Resource of the Week –

    Projecting Possible Price targets
    By Ilan Levy-Mayer, VP
    Watch the video below to get an idea on how to use Fibonacci extensions along with candle sticks to project possible price targets.

     

    Projecting possible targets when trading futures

    Try a FREE demo of the platform used to show the charts in this educational article. The platform is FREE and has charts, news, DOM, T&S, Alerts, advanced order entry, options and MUCH MORE!

    A Cannon broker will be able to assist, provide feedback and answer any questions.

     

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    July Oats finally stabilized their slide last month and then activated upside PriceCount objectives on the correction higher. Chart is satisfied its first count to $3.81 where it would be normal to get a near-term reaction in a form of consolidation or corrective trade. If you can sustain for the strength from here, the second count would project the possible run to the $4.10 area
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    Crude Oil
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $10,000
    COST
    USD 140 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for June 19th, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Would you like to receive daily support & resistance levels?
    Yes
    No

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    Good Trading!
    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.
  • Oil Futures 101

    Crude Oil Futures

    Learn more about oil futures here

    Oil futures are contracts that allow traders to buy or sell a predetermined amount of crude oil at a predetermined price and date in the future. They are traded around the world on various exchanges, including the United States, Great Britain, and Asia. In this response, we will compare the different grades of crude oil futures traded around the world.

    United States Crude Oil Futures

    The most widely traded oil futures contract in the United States is the West Texas Intermediate (WTI) crude oil futures contract, which is traded on the New York Mercantile Exchange (NYMEX). WTI is a high-quality, light, sweet crude oil that is produced in the United States. It is a benchmark crude oil that is used to price other crude oil grades around the world. WTI futures contracts are deliverable in 1000 Barrel Increments per contract.

    Great Britain Crude Oil Futures

    In Great Britain, the most widely traded crude oil futures contract is the Brent crude oil futures contract, which is traded on the Intercontinental Exchange (ICE). Brent is a light, sweet crude oil that is produced in the North Sea. It is also a benchmark crude oil that is used to price other crude oil grades around the world. Brent futures contracts are physically deliverable with an option to be settled in cash, with the settlement price based on the average price of trades during the last trading day.

    Asia Crude Oil Futures

    In Asia, there are several crude oil futures contracts traded on various exchanges. The most widely traded contracts are the Dubai Crude Oil Futures contract, traded on the Dubai Mercantile Exchange (DME), and the Oman Crude Oil Futures contract, traded on the Dubai Mercantile Exchange (DME) and the Intercontinental Exchange (ICE). Dubai and Oman crude oils are medium to heavy crude oils that are produced in the Middle East. They are primarily used in Asian refineries and are priced relative to the Brent and WTI crude oil benchmarks.

    Other Crude Oil Futures Grades

    There are many other crude oil grades that are traded around the world, including:

    1. Mars – a heavy, sour crude oil produced in the Gulf of Mexico.
    2. Bonny Light – a light, sweet crude oil produced in Nigeria.
    3. Tapis – a light, sweet crude oil produced in Malaysia.
    4. Es Sider – a light, sweet crude oil produced in Libya.
    5. Basrah Light – a light, sweet crude oil produced in Iraq.

    Each of these crude oil grades has different characteristics, such as API gravity, sulfur content, and viscosity, which make them more or less suitable for different refining processes. As a result, they are priced differently relative to benchmark crude oils such as WTI and Brent.

    Oil futures are an important financial instrument that allow traders to speculate on the price of crude oil and manage their exposure to price fluctuations. They are traded around the world on various exchanges, with different crude oil grades serving as benchmarks for pricing. The most widely traded crude oil futures contracts are the WTI crude oil futures contract in the United States, the Brent crude oil futures contract in Great Britain, and the Dubai and Oman crude oil futures contracts in Asia. Other crude oil grades, such as Mars, Bonny Light, Tapis, Es Sider, and Basrah Light, are also traded around the world and priced relative to benchmark crude oils. Understanding the differences between these crude oil grades and their benchmark pricing is important for traders looking to invest in oil futures.

    Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

    Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

  • Win 1 oz Gold Bar + Trading Levels for 5.17.23

    Get Real Time updates and more on our private FB group!

    Are you ready to go for gold?

     

    Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

     

    You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

     

    During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

     

    Get ready to strike gold.

     

    *Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

    START DATE: June 4, 2023

     

    END DATE: June 9, 2023

     

    Plan your trade and trade your plan. 

     

    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

    for 05-17-2023

    trading levels futures and commodities

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • PPI Tomorrow and the Last 2 Trading Days of the Week Review

    Get Real Time updates and more on our private FB group!

    Last Two Trading Days of the Week:

    By Mark O’Brien, Senior Broker

     

    General:

     

    Despite the fireworks frequently on display from stock index futures immediately preceding the release of the Consumer Price Index report over the last several months, an interesting result followed. In each of the last five releases, the S&P 500 closed within 0.5% of the prior day’s settlement. This is in stark contrast to some of the reports last year, notably November’s CPI release that sent the Nasdaq up ±7%.

     

    On the heels of today’s CPI release indexes are looking to finish up with a similar outcome. This morning’s report showed consumer prices up 4.9% from last year, yet it marked the tenth consecutive month the inflation gauge slowed – now down from its peak of 9.1% last June, but still well north of the Federal Reserve’s 2% target.

     

    Next up tomorrow at 7:30 A.M., Central Time, the Bureau of Labor Statistics releases its latest reading on prices at the wholesale level: its Producer Price Index.

     

    Markets:

     

    Metals: After piercing last month’s highs and touching $2,085 / ounce intraday last Thursday, June gold has consolidated somewhat, not too scared or encouraged by today’s inflation report – and not ready to anticipate the Fed.’s next move.

     

    July copper sold off ±5 cents today and for the fifth time in the last ten trading sessions has tested 5-month lows near $3.82 / pound. This on the heels of languid economic reading from the world’s largest commodities consumer: China.

     

    Energies: The negative sentiment from China dragged crude oil below its 5-6-month intraday low of March 20th at $64.58 per barrel, trading intraday last Thursday to $63.64 per barrel, a ±$20-per-barrel / $20,000 per contract skid from its mid-April ascendance to ±$83 per barrel. Given crude oil’s seemingly continual fixation with the events of the day – whatever they are – volatility remains – and the market has bounced ±$10 per barrel in barely four trading sessions.

     

    Plan your trade and trade your plan. 

     

     

    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

    for 05-11-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

     

    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.

  • Trading Techniques for Oil Futures

    oil futures

    Learn more about crude oil futures here.

    Oil futures are a type of financial contract that allows traders to speculate on the future price of crude oil. Trading oil futures can be an effective way to capitalize on the volatility of oil prices, but it requires a comprehensive understanding of the market and the techniques that can be used to make informed trading decisions.

    Here are some techniques that can be used to trade oil futures effectively:

    1. Technical Analysis: Technical analysis is a popular technique used in the trading of oil futures. It involves studying price charts to identify trends and patterns that can indicate potential trading opportunities. Technical analysts use a variety of tools such as moving averages, trend lines, and oscillators to help them identify potential entry and exit points for trades.
    2. Fundamental Analysis: Fundamental analysis is another technique used to trade oil futures. This technique involves studying the underlying economic factors that can impact the price of crude oil, such as supply and demand, geopolitical tensions, and weather patterns. By understanding these factors, traders can make more informed trading decisions based on the current and future outlook for oil prices.
    3. News Trading: News trading involves taking positions in oil futures based on breaking news events that can impact the oil market. For example, if there is a sudden supply disruption or political tensions in a major oil-producing country, the price of oil futures may rise rapidly. Traders who are able to react quickly to these events can potentially profit from these price movements.
    4. Scalping: Scalping is a short-term trading strategy that involves taking multiple small profits from quick trades. This technique can be effective for trading oil futures because of the market’s volatility. Traders who use scalping techniques often look for short-term price movements and take quick profits when they see them.
    5. Swing Trading: Swing trading is a technique that involves taking positions in oil futures based on longer-term price trends. This technique is often used by traders who are looking to capture larger price movements over a period of several days or weeks. Swing traders often use technical analysis to identify potential entry and exit points for trades.
    6. Position Trading: Position trading is a long-term trading technique that involves holding positions in oil futures for several months or even years. This technique is often used by traders who are looking to capitalize on major trends in the oil market. Position traders often use fundamental analysis to identify the underlying economic factors that can impact the price of oil futures over the long term.
    7. Options Trading: Options trading is another technique used to trade oil futures. This technique involves buying or selling options contracts that give the trader the right, but not the obligation, to buy or sell oil futures at a specified price at a future date. Options trading can be a complex technique, but it can be effective for managing risk and maximizing profits in the volatile oil market.
    8. Hedging: Hedging is a risk management technique that involves taking positions in oil futures to offset potential losses in other investments. For example, if a company relies on oil as a major input in its production process, it may choose to hedge its exposure to oil price fluctuations by taking positions in oil futures. Hedging can be an effective way to reduce risk in the volatile oil market.

    Trading oil futures can be a challenging but potentially lucrative activity for traders who are willing to put in the effort to develop a comprehensive understanding of the market and the techniques that can be used to trade effectively. By using a combination of technical and fundamental analysis, news trading, scalping, swing trading, position trading, options trading, and hedging, traders can potentially maximize profits and manage risk in the volatile oil futures market.

    Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey at CannonTrading.com today.

    DisclaimerTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

  • Crude Oil Futures Market Outlook, Jobs Data and More

    Get Real Time updates and more on our private FB group!

    The rest of the week in futures markets:

    By Mark O’Brien, Senior Broker

    Today’s FOMC trading volume on the ES was one of the lowest I ever seen o an FOMC day!!

    Over the weekend of April 1-2 – one month ago, Saudi Arabia and other OPEC+ oil producers announced cuts in their collective crude oil output that amounted to about a million barrels per day. Prior to the announcement – a surprise before the group’s ministerial panel meeting on Monday where analysts expected the oil cartel would hold steady on production – front month crude oil futures had dropped to near 15-month lows approaching $70 barrel. At Sunday’s opening of trading, crude prices gapped up over $5.00 per barrel.

     

    If as some analysts surmised after the cuts were announced, which was that OPEC+ was taking pre-emptive steps in case of any possible demand reduction, they were dead on. Since then, renewed fears of recession in the U.S. (seemingly a constant over the last 12 months or so) have once again stoked demand fears in the energy sector. June crude oil futures have since filled the price gap created on that Sunday opening in early April and have continued falling. As of this typing, crude has sliced ±$15.00 off its post-announcement high, through $70.00 per barrel and is currently hovering near $69.00. Even this week’s news of another Iranian seizure of a foreign-flagged oil tanker in the Persian Gulf and yesterday’s much-larger-than-expected decline in crude oil stocks – 3.9 million barrels – failed to quell bearish sentiment. Keep an eye on this Friday’s jobs data as the report now stands in front of a significant crude oil sell-off with the numbers more capable than usual to drive the direction of crude oil near-term.

     

    Plan your trade and trade your plan. 

     

    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

    for 05-04-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

     

     

    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.

  • Weekly Newsletter: WTI Crude Futures Trading Challenge + Levels 3.30.2024

    Cannon Futures Weekly Newsletter Issue # 1139

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – WTI Crude Futures Trading Challenge
    • Trading Resource of the Week – Live Breaking News Audio Service
    • Hot Market of the Week – July/November Beans Spread
    • Broker’s Trading System of the Week
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Important Notices – WTI Futures Trading Challenge

    WTI Futures Trading Challenge
    March 26-31, 2023
    The global benchmark for crude oil is fabulous at 40
    Take part in our special Trading Challenge to honor the 40th anniversary of WTI Crude Oil futures. Practice trading in a simulated environment with the most liquid crude oil futures benchmark in the world. Use our established, time-tested market with around-the-clock liquidity and global participation as you get to know our suite of WTI contracts in a risk-free environment that mimics live markets.
    Learn why WTI has amassed worldwide interest
    Have a gas as you explore WTI futures and simulate trading with the world’s most liquid oil contract. Receive daily education lessons from CME Group’s Owain Johnson, Managing Director of Research and Product Development. Gain valuable experience in a simulated environment while competing for a top spot.
    Prizes for eligible participants
    The top three finishers for this challenge will earn cash prizes. The top 40 finishers will also receive a complimentary copy of the recent book written by Owain Johnson, titled 40 Classic Crude Oil Trades.
    This competition is open to residents in the United States (US), Canada (CA) excluding Quebec, *Brazil (BR), United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), Republic of Korea (KR), Taiwan (TW), and Japan (JP).
    *Residents of Brazil must have a bank account in the United States to be eligible to receive a prize.

     

    • Trading Resource of the Week

    • Futures Market Squawk Box Features
    • Up to the second trading information
    • Informative streaming audio for accurate price and volume data
    • Firsthand knowledge that was once only available to floor traders
    • Expertise regarding buyers and sellers and how the market reacts

     

    • Hot Market of the Week – July/Nov Beans Spread

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    July/Nov Beans Spread: The July November been spread has resumed its rally in a new high. If sustained this move would project a run to the third PriceCount objective to the $1.87 area
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $5,000
    COST
    USD 110 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for March 27th, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    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

  • Post FOMC Market Action? + 03.23.2023 Trading Levels

    Get Real Time updates and more on our private FB group!

    Post FOMC:

    By Mark O’Brien, Senior broker

    General

     

    Count ‘em: nine in a row. That’s how many meetings the Federal Reserve has increased its key interest rate. As of today’s .25-point increase, the federal funds rate target range stands at 4.75%-5.00%, the highest level since September 2007. The vote by all 11 members of the Federal Open Market Committee was unanimous. Clearly, the bank runs that toppled Silicon Vally Bank and roiled the banking industry have been front and center in the financial world the last two weeks, but the situation fazed Fed officials little if at all. “The U.S. banking system is sound and resilient,” said the prepared policy statement released at 1:00 P.M., Central Time today. Fighting inflation, it seems, remains the Central Bank’s focus.

     

    Metals

     

    On Monday, gold futures (basis April) pierced through $2,000 per ounce intraday for the first time in a year as the U.S. banking crisis spread to Europe with Credit Suisse, a preeminent name in global investment banking, sought help from Switzerland’s central bank and then put itself up for sale. This marked a ±$18,000 per 100-oz. futures contract move in just eight trading sessions from March 9.

     

    Grains

     

    Wheat continued its ±8-month slide from its multi-year spike high above $13/bushel on the heels of Russia’s invasion of Ukraine to lows not seen since July ’21 as traders see improvement in U.S. winter wheat crop conditions and a lack of significant weather issues across key northern hemisphere wheat producers. The front month May contract closed today at it’s life-of-contract low of $6.22 ¾ per bushel.

     

    Energy

     

    Crude oil continued its almost 9-month decline in prices from over $120 per barrel last June to trade below $65 per barrel (basis May) on Monday, including a ±$15 / $15,000 per contract fall from March 7, scarcely two weeks.

     

    Natural gas basis its May futures contract tested 32-month lows yesterday, threatening to punch through $2.00 per million British thermal units (MMBtu). With the North American winter heating season approaching its end, residential, commercial, and industrial gas demand has been on the decline.

     

     

     

    Plan your trade and trade your plan. 

     

    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

    for 03-23-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Economic Reports, Source: 

    Forexfactory.com

     

     

    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.

  • Weekly Newsletter: WTI Crude Futures Trading Challenge + Trading Levels 3.20.2023

    Cannon Futures Weekly Newsletter Issue # 1138

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – WTI Crude Futures Trading Challenge
    • Trading Resource of the Week – Live Breaking News Audio Service
    • Hot Market of the Week – April Gold
    • Broker’s Trading System of the Week
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Important Notices – WTI Futures Trading Challenge

    WTI Futures Trading Challenge
    March 26-31, 2023
    The global benchmark for crude oil is fabulous at 40
    Take part in our special Trading Challenge to honor the 40th anniversary of WTI Crude Oil futures. Practice trading in a simulated environment with the most liquid crude oil futures benchmark in the world. Use our established, time-tested market with around-the-clock liquidity and global participation as you get to know our suite of WTI contracts in a risk-free environment that mimics live markets.
    Learn why WTI has amassed worldwide interest
    Have a gas as you explore WTI futures and simulate trading with the world’s most liquid oil contract. Receive daily education lessons from CME Group’s Owain Johnson, Managing Director of Research and Product Development. Gain valuable experience in a simulated environment while competing for a top spot.
    Prizes for eligible participants
    The top three finishers for this challenge will earn cash prizes. The top 40 finishers will also receive a complimentary copy of the recent book written by Owain Johnson, titled 40 Classic Crude Oil Trades.
    This competition is open to residents in the United States (US), Canada (CA) excluding Quebec, *Brazil (BR), United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), Republic of Korea (KR), Taiwan (TW), and Japan (JP).
    *Residents of Brazil must have a bank account in the United States to be eligible to receive a prize.

     

    • Trading Resource of the Week

    • Futures Market Squawk Box Features
    • Up to the second trading information
    • Informative streaming audio for accurate price and volume data
    • Firsthand knowledge that was once only available to floor traders
    • Expertise regarding buyers and sellers and how the market reacts
    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    April Gold: April gold corrected after completing the first upside PriceCount objective in January now the chart is threatening to resume its rally where a sustained high would project a run to the second count in the 2052 area
    April Gold, #GC
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    Recommended Cannon Trading Starting Capital
    $25,000
    COST
    USD 70 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for March 20th, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    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

  • PPI Tomorrow!…. 02.16.2023 Trading Levels

    Get Real Time updates and more on our private FB group!

    Bullet Points, Highlights, Announcements

     

    By Mark O’Brien, Senior Broker

     

    General:

    While yesterday’s U.S. Consumer Price Index showed inflation continues to slow from its readings in 2022, CPI readings, the pace of declined slowed and a wide array prices stayed elevated, including food, clothes (women’s apparel dropped slightly), rent and hotel rooms. Once again, a key economic report has shown that the road back to 2.0% inflation, on which the Federal Reserve is committed to following, is going to be lengthy and rugged. It certainly leaves Fed in a hawkish posture.

    Be alert: the release of the Bureau of Labor Statistics’ Producer Price Index is on deck for tomorrow.  The report comes out at 7:30 A.M., Central Time.

    Markets:

    Metals:

    Gold (April) has declined ±$130 (a ±$13,000 move) since its Feb. 1 intraday high of $1,970.80 / oz. Today’s $1839.30 intraday low sets it back to prices not seen since the first of the for the calendar year.

    Corn:

    For most of the last few months, U.S. corn prices have justifiably focused on crop conditions, including obviously yield and quality, in Argentina and Brazil, which have continually come in far from ideal. As a result, the markets have priced in current and further crop damage coming into the South America harvest. That’s about to shift with the start of the crop year here in the U.S. Forecasts for planted acreage, demand, ending stocks, stocks/usage ratio – all tracked by the USDA and sized up by traders – are about to take center stage. As crops from the southern hemisphere are “made,” if little or no further surprises hit, look for CBOT corn prices to settle in for news of this year’s U.S. crop, starting with Prospective Plantings late next month.

    Crude oil:

    Despite the uneven decline of crude oil prices over the last 8 months from their ±$105 per barrel highs of last June (basis March) down to a few recent forays to the low 70’s per barrel, crude oil looks to still be focused on growing Chinese demand. As we approach the traditional U.S. driving season in May, look for recent lows as meaningful signs of support.

    Plan your trade and trade your plan. 

    A Cannon broker will be able to assist, provide feedback and answer any questions.

    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

    02-14-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • What’s left the Last 2 Trading days of the Week & Futures Levels 1.26.2023

    Get Real Time updates and more on our private FB group!

    The Week Ahead

    By Mark O’Brien, Senior Broker

     

    Grains / Soy complex: For Soybeans and corn interests, many eyes are on South America, where because their crop year runs counter to here in the U.S., large producers like Argentina and Brazil are approaching harvest. Brazil is set for a bumper soybean crop. Argentina is experiencing drought conditions which are more adversely affecting their corn crop than their soybeans. Traders believe the soybean crop can recover more significantly from the heat and drought as compared with the corn crop.

    Gold & Silver: precious metals analysts often look to ETF holdings for guidance on gold and silver futures prices, eyeing inflows and outflows for developing patterns. To wit, both gold and silver ETF holdings are sitting above their levels at the start of the year

    Energy: Crude oil traded to a 4-day low this A.M. The likely catalyst could be Chinese energy demand, which seems to be linked to COVID infection rates in that country, whish show little signs of peaking yet.  Support at $80.00 per barrel (March contract) looks vulnerable unless we see some confirmation of improving conditions inside China.

    Plan your trade and trade your Plan 

     

     

    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

    for 01-26-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Crude Oil and Natural Gas Tomorrow & Trading levels for 01.19.2023

    Get Real Time updates and more on our private FB group!

    Bullet Points, Highlights and Announcements

    By Mark O’Brien, Senior Broker

     

    General: Even in the face of solid COVID uncertainty for China, a persistent fear that the Fed will overtighten and that a recession is looming here in the U.S., there are some green shoots (thank you to former U.K. Chancellor of the Exchequer Norman Lamont for coining that term back in ‘91) to indicate signs of improvement for the economy, including growing sentiment that the beginning of the end for rising interest rates – and inflation – is on the horizon.

    Take commodity prices for example.

    Several that are in tight supply are now responding by tracking higher as a result of modest improvements in demand for their manufactured products. Copper prices – historically viewed as a leading indicator – are up over 30% in the last six months, including a ±14% increase this month so far. Silver is up ±25% since Sept. to year-ago prices around $24/oz. Crude oil has pressed upwards above ±$80/barrel, ±$10 higher this month and on par with prices from last Feb.

    At the same time, these higher prices for industrial products have helped keep inflation readings – CPI, PPI notably – stubbornly high with only slight signs of downward movement in the last few releases. This is almost certainly narrowing the runway on which the “Fed Pivot” will eventually use to try landing the economy as softly as possible this year.

    Energies: Heads up! As opposed to most weeks when they’re released on Wednesday and Thursday, this week’s Energy Information Agency reports on natural gas storage and crude oil supplies will be released on the same day: tomorrow at 9:30 A.M. and 10:00 A.M., Central Time, respectively. That’s natural gas storage first, followed by crude oil supplies. The Martin Luther King Day holiday effected this schedule change.

     

     

    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

    for 01-19-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Finish the Week Strong! + Trading levels for 12.08.2022

    Get Real Time updates and more on our private FB group!

    What to Look for as we Finish the Trading Week

    By Mark O’Brien, Senior Broker

    Energy:

    After starting the year near $72 per barrel, by June, West Texas crude oil (Jan. ’23 futures contract) climbed to its highs above $108 per barrel. Today, Jan. crude oil traded to an intraday low of $71.75, a ±$36 per barrel (±$36,000) leap and fall.

    Not to be out don’t, after breaching $10.00 per million British thermal units in early August, natural gas traded below $5.34 intraday yesterday, a whopping ±46% cut in the asset’s value and a ±$46,000 move for a single futures contract (Jan. ’23 futures contract).

    Metals:

    Albeit experiencing a slight correction this week so far, gold (Feb. ’23 futures contract) managed to hold nearly all of its ±$170 rally through $1,800 per ounce off its multi-year lows of early November near $1,635 per ounce – a ±$17,000 move in one month.

    Announcements:

    Keep an eye on the calendar for important U.S. government reports this Friday, starting with the Labor Department’s release of its Producer Price Index showing the cost of wholesale goods and services. The reading reflects what companies pay for supplies such as grains, fuel, metals, lumber, packaging and so forth. This is a key inflation gauge in the midst of four-decade high wholesale prices. Release time: 7:30 A.M., Central Time.

    Also on Friday, the USDA will release its Crop Production Report along with its World Supply/Demand report (likely the more critical). It’s delivered at 11:00 A.M., Central Time.

    A Cannon broker will be able to assist, provide feedback and answer any questions.

    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

    for 12-08-2022

    SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March Euro Currency

     

    Economic Reports, Source: 

    Forexfactory.com

    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.

  • FOMC Minutes, Crude Oil Inventories + Futures Trading Levels 8.17.2022

    Get Real Time updates and more on our private FB group!
    Busy Wednesday tomorrow as traders will listen closely and try to analyze the FOMC minutes of the last FOMC meeting. Before that retail sales numbers will be watched closely as well.
    9:30 AM Central time we will have crude oil numbers in a volatile energy sector.
    Did you know that the MICRO crude Oil contract is trading with good volume?
    At times when volatility is high, it is not a bad idea to consider the smaller, 1/10th the size micro CRUDE Oil contract.
    December Coffee is front month.
    Sierra Charts Teton Order Routing demo

    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

    08-17-2022

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Micro Crude Oil + Trading August 9th Futures Levels

    Get Real Time updates and more on our private FB group!

    Crude Oil Trading Updates, Opportunities and Risks:

    By John Thorpe, Senior Broker
    Have you had an opportunity to trade the financially settled Micro WTI Crude oil contract? I have and this contract is just what the doctor ordered. When you are faced with the high price and volatility we have seen over the past few years you won’t have to make a decision to either be out or be in the WTI Crude oil contract where we have seen $10,000.00 daily price swings.
    With the Micro, which is one tenth the size of the 1000 barrel WTI Crude contract or 100 barrels only, each dollar move per contract in the price of Crude oil is $100.00 rather than $1000.00. What this allows you to do is adjust the amount of leverage you want and not expose yourself to the volatility of the larger CL contract.
    The symbol is MCL U22 for the current September contract.
    According to the CMEGroup, 33,000 unique traders have come to the CME to trade this contract since it was listed a year ago. The CME Group declares traders from over 145 countries trade the Micro crude oil contract and traders from over 33 countries have traded the new Options contracts on the Micro Crude contract.
    Transaction Costs are inexpensive for this contract as exchange fees are .50 per contract.
    As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

    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

    08-08-2022

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter 1108: Trading Crude Oil Volatility & Futures Support Resistance Levels for the Week Ahead

    Cannon Futures Weekly Newsletter Issue # 1108

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

    Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

    By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
    Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
    One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
    Would you like to contact Ilan or any of our brokers for more feedback? We are happy to help!
    Are you using Sierra charts and looking to implement their Teton order routing?
    If so, look no further, Cannon can assist you in getting set up!
    Good Trading

    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

    08-01-2022

    Futures Trading Support Resistance Levels 8.01.2022

    Weekly Levels

    Weekly Support Resistance Levels

     

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    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

  • FOMC Tomorrow + Futures Trading Levels for 7.27.2022

    Get Real Time updates and more on our private FB group!

    FOMC Tomorrow – Fed decision

    Big day tomorrow! More than a few reports including crude oil numbers and most important, FOMC – Fed decision.
    Looks like the FED will raise rates between 50-75 basis points. currently 75% for 0.75 hike)
    The exact figure?
    How many fed governors voted? language? future projections?
    All these factors will be KEY.
    The following are my PERSONAL suggestions on trading during FOMC days:
    ·    Reduce trading size
    ·    Be extra picky = no trade is better than a bad trade
    ·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3725.00 with a stop at 3719.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3719.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
    ·    Expect the higher volatility during and right after the announcement
    ·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
    ·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
    ·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
    ·    Know what the market was expecting, learn what came out and observe market reaction for clues
    ·    Be patient and be disciplined
    ·    If in doubt, stay out!!
    As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

    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

    07-27-2022

    Futures Trading Levels Support + Resistance 7.27.2022

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter 1107: An Introduction to Crude Oil + Futures Levels for the Trading Week Ahead

    Cannon Futures Weekly Newsletter Issue # 1107

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

    Trading 101: Free Course – An Introduction to Crude Oil

    Today’s energy crude oil market is truly global. From West Texas Intermediate (WTI) to Brent and DME Oman, the crude oil market fuels many of the world’s leading economies and impact nearly every nation. Energy crude oil futures and options provide the tools the industry needs to manage risk. Explore the key concepts and structure of today’s energy markets, including the factors that affect supply and demand and move prices. Learn how to use these instruments to hedge exposure and unlock opportunities.
    Good Trading

    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

    07-25-2022

    Weekly Levels

     

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    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

  • Trading Crude Oil Futures + Futures Trading Levels for July 14th 2022

    Get Real Time updates and more on our private FB group!

    Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Are Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

    by Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

    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

    07-14-2022

     

    Futures Trading Levels, Support & Resistance

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

     

    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.

  • This weeks potential Market Movers + Futures Trading Levels for July 12th 2022

    Get Real Time updates and more on our private FB group!

    This weeks potential Market Movers

    by John Thorpe, Senior Broker
    Happy Monday all! I hope everyone had a safe and memorable 4th of July week. We are back to a full trading week. Here are a few of the report highlights traders should pay attention to beginning on Wednesday. A rather light first two trading days with only two FRB board members speaking. John Williams today at 1 pm CDT and Thomas Barkin on Tuesday at 11:30 am CDT on Friday we have Raphael Bostic, 7:45 am CDT.
    Recession talk should be the feature as the market will be paying attention to any mention of going off the current script which has been “watching the data points, “we have the tools” to determine policy”. Speaking of data points Wednesday will include the market volatility energizer : CPI report, The CPI published by the Bureau of Labor Statistics will be early and pre cash market open for the equities. @7:30 am CDT. Consensus for the CPI is an 8.8 % inflation rate as measured by consumer prices with a 1.1% increase from the May reading( this is the June CPI reading) Two additional data points the FRB is interested in are released Thursday morning simultaneously @7:30 am CDT, Jobless claims and Producer Price Index (PPI) Weekly unemployment claims are expected to roll in around 234,000 , slightly above the moving average of 232,500 weekly claims and the PPI expectation is an increase of .8% m/m, with an annual increased rate of 10.4 % When we get to Friday the market will need to digest Retail Sales at 7:30 am CDT and Industrial production 45 Minutes later at 8:15 am CDT The energy markets will almost always be impacted by the schedule of economic report and also have their own , industry specific reports. Wednesday @ 8:30 am CDT the EIA Petroleum status report Highlights weekly changes in supply and demand for crude and it’s cracked products while on Thursday at 8:30 am CDT the EIA Nat Gas report will reveal the supply and demand nature of the Natural Gas sector of the energy market.
    CannonTrading has a registered professional staff to talk about any and all of these reports and the potential impact on your positions in your account. If you are new to Cannontrading, please use us a your first stop resource for order management, risk management as well as fundamental and technical viewpoints. Good trading! plan your trade and trade your plan.

    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

    07-12-2022

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

     

    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.

  • OPEC Meeting Tomorrow + Futures Trading Levels 6.29.2022

    Get Real Time updates and more on our private FB group!

    What You Need to Know Before Trading June 29th:

    OPEC meeting tomorrow as well as crude oil numbers.
    Fed’s Powell to speak.
    July grains and metals are entering delivery period. Time to trade September silver, copper, wheat, corn etc.

    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

    06-29-2022

    Futures Support + Resistance Levels 6.28.2022

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

     

    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.

  • Weekly Newsletter 1101: Trading Crude Oil Volatility & Trading Levels for the Week Ahead

    Cannon Futures Weekly Newsletter Issue # 1101

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

    Rollover Notice for U.S. Stock Index and Currency Futures

    Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

    By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
    Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
    One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
    Would you like to contact Ilan or any of our brokers for more feedback? We are happy to help!
    Are you using Sierra charts and looking to implement their Teton order routing?
    If so, look no further, Cannon can assist you in getting set up!
    Good Trading

    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

    06-13-2022

    Weekly Levels

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    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

  • SPR Explained & Cattle Outlook & Support and Resistance Levels for 4.05.2022

    Get Real Time updates and more on our private FB group!

    Let’s Talk SPR

    by John Thorpe, Senior Broker
    Where is the SPR and how much Sweet Crude do we have? Energy futures contracts have taken our breath away and our bank accounts over the past month. Volatility is directly correlated to levels of uncertainty. A more certain supply and demand futures tend to reduce Volatility greatly. Higher price volatility has historically been linked to greater supply and demand instability. The Crude oil futures market has seen extraordinary volatility over the last month and for a variety of reasons. One recent reason for the downdraft in Crude oil futures prices has been the proclamation from the Biden administration that oil will be released from the SPR (Strategic Petroleum Reserve). I have read a number of articles from a number of well respected national news outlets and they all provide a little different information about the size of the reserves and the amount of the limits to daily withdrawals.. You too may have come across some of the confusion. The U.S. Office of Fossil Energy and Carbon Management is our entity in charge of the SPR, a branch of the U.S. Department of Energy and they are responsible for the 4 underground storage locations and recordkeeping. Crude oil traders keeping score some of the rules of the game of the SPR should know, there are limits to daily withdrawals and the holdings are actually quite a mix of sweet crude and sour, all with different industrial uses.
    Drawdown Capability
    • Maximum nominal drawdown capability – 4.4 million barrels per day
    • Time for oil to enter U.S. market – 13 days from Presidential decision

    Moving Markets

    June Live Cattle started a move down but met buying support at 133.875.
    Bearish technical signal on the daily chart.
    Can the market break support?
    Click chart for LARGER IMAGE
    Daily Live Cattle Futures Chart
    If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
    Sierra Charts, Teton Order Routing
    Contact us for a demo and/ or more information here!

    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

    04-05-2022

    Futures Support and Resistance Levels 4.05.2022

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    http://BetterTrader.Co

     

    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.

  • Weekly Newsletter #1089 Trading Crude Oil Volatility & Support and Resistance Levels for the Week Ahead

    Cannon Futures Weekly Newsletter Issue # 1089

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

    Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

    By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
    Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
    One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
    Would you like to contact Ilan or any of our brokers for more feedback? We are happy to help!
    Sierra Charts, Teton Order Routing

    Are you using Sierra charts and looking to implement their Teton order routing?

    If so, look no further, Cannon can assist you in getting set up!
    Good Trading

    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

    03-14-2022

    Futures Support and Resistance Levels 3.14.2022

     

    Weekly Levels

    Weekly Support and Resistance Levels 3.11.2022

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    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

  • “I Use Mental Stops…..” & Support and Resistance Trading Levels 3.10.2022

    Get Real Time updates and more on our private FB group!

    “I use mental stops”…..Said the trader who just blew up his account day trading crude oil the wrong way…..

    By Mark O’Brien
    As futures brokers, we’ve heard clients share their thoughts on trading and truly, their strategies are as unique as the individual trader. With that said, there are a number of “nuts and bolts” to trading that all traders can employ – or not. One example of these is the STOP order. We as brokers hear a variety of assertions from our clients as to the virtues or evils of employing STOP orders in their trading.
    In this blog we’re going to showcase today’s price activity in April crude oil to make a case for the virtues of employing STOP orders.
    Notwithstanding the almost unheard-of ±$23/$23,000 per contract price range, at one point, the April crude oil contract fell ±$10 per barrel/$10,000 per contract in the span of five minutes.
    As we’ve spelled out in recent blogs, with the Russian attack on Ukraine and all the geopolitical moving parts now involved in the conflict, commodity price volatility has reached remarkable heights across several asset classes – energies in particular. So be it, but this provides us with low hanging fruit, as it were, to advocate for the use of STOP orders. Price moves like this literally scream for the implementation of STOP orders, lest you find your proverbial trading legs cut off at the knees – or worse. If you find yourself eyeing crude oil, unleaded gas, gold, wheat, any stock index, just to list the recent headliners, transpose those mental stops to actual orders. Trade safely and sanely.
    5 min chart of crude oil from today when the news on OPEC send crude oil tumbling over $15 in minutes. If you were long, with “mental stops”….good luck.
    Crude Oil Futures 5 minute Chart
    Sierra Charts, Teton Order Routing
    Contact us for a demo and/ or more information here!

    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

    03-10-2022

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    http://BetterTrader.Co

     

    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.

  • Size does Matter & Support and Resistance Levels 3.08.2022

    Get Real Time updates and more on our private FB group!

    Size does Matter

    By John Thorpe, Senior Broker
     In an effort to keep up with appropriate volatility scans, the CME is again increasing the good faith deposits required to trade WTI Crude, Heating oil and RBOB Gasoline futures.
    Recently the margins have increased for Wheat and Gold futures as well as the stock indices for good reason. Geopolitical risk has put these markets on notice that the margins, already low, were not sufficient to protect clients and firms from the extreme price action these commodities have been experiencing.
    The intraday moves have been nothing short of jaw dropping; with opportunity comes risk.
    Many are aware of the smaller sized Micro Emini stock indices for the S&P 500 MES, Nasdaq 100 MNQ , Dow30 MYM and Russell 2000 M2K
    (all indices roll from March to June this Thursday and Friday)
    Did you know there were also other Micro contracts to take advantage of many of these futures contracts outsized price swings? And they are liquid too!
    For the WTI Crude, the Comex Gold, Crypto Currencies and EuroCurrency contracts.
     The WTI Contracts overnight margin requirement is now going to be set tonight @ $13,500.00 and most clearing firms would rather not give a break for Day trading margins
    The answer to participate in the crude market if the current volatility is too rich for your blood, you may take a look at the Micro’s :
    The exchange has increased the margin several times over the past week and today’s increases are here and currently no break for Daytrading..
    MORE CME energy margin increases:
    You do however, have two smaller sized contracts that are plenty liquid,  the QMj22 that is a 500bbl contract and trades in .025 increments      110.025, 110.050, 110.075 and so on.. the margin is ½ the full size contract or $6750.00
    And you also have the micro WTI Crude Oil MCLJ22 a 100 bbl contract  1/10 the size      that trades in minimum increments like the full size.   100.02,100.03,100.04 and so on.. the margin is 1/10th or 1320.00 per contract  The micro’s also give you the ability to trade as many crude contracts incrementally in 100 barrel units.
    Would you like to contact John or any of our brokers for more feedback? We are happy to help!
    Sierra + Teton Available through Cannon Trading along with other data feeds such as CQG and Rithmic.
    Sierra Charts, Teton Order Routing
    Contact us for a demo and/ or more information here!

    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

    03-08-2022


    Economic Reports, Source: 

    http://BetterTrader.Co

     

    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.

  • Weekly Newsletter #1081 Day Trading Commodities with Crude Oil Futures & Support and Resistance Levels for the Week Ahead

    Cannon Futures Weekly Letter Issue # 1081

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

    Trading 102: Day Trading Commodities with Crude Oil Futures

    Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:
    By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
    Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
    One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..Fill out the form below to read the full article.
    WorldCup Trading Championships 2022

    Good Trading

    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

    01.10.2022

    Support and Resistance Levels 1.10.2022

     

    Weekly Levels

    Weekly Support and Resistance Levels

     

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

     

    MRCI Reports 1.10.2022

    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

  • Crude Oil Futures Market Review and Daily Chart Analysis & Support and Resistance Levels 11.18.2021

    Dear Futures Trader,

    Get Real Time updates and more on our private FB group!

    Crude Oil Futures Market Review and Daily Chart Analysis

    Looking at both price and time FIB analysis, on the daily crude oil chart below (click here for LARGE IMAGE) I am showing a potential for crude oil to find support and have a short term reversal to the upside. I wont fight the short term trend and will look for a buy signal using 30 minute chart before I jump in front of this downward train…
    What do I mean by that?
    Daily chart still showing a good strength on the LONGER term scale ( see both Elliott Wave counts and trend strength). Short term we can see the strong sell of the highs made towards the end of October.
    I ran both a Fibonacci retracement on prices from lows to high, as well as Fibonacci TIME retracement from the time of lows to highs to see the next TIMING window to look at.
    We are getting close to a match on both time and price ( concept I was made aware of by Carolyn Boroden Strategies for Intraday Trading Fibonacci Retracements | Fibonacci Queen) so I will now look for a bullish trigger in the form of MACD cross over on the 30 minutes chart or possible turning up of RSI on the 30 minutes chart before simply trying my luck…..
    As always the key will be risk and trade management if/when set up happens.
    Keep in mind FRONT month for crude oil is now January! CLF22
    If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
    Crude Oil Futures Daily Chart

    Good Trading

    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

    11-18-2021

    Support and Resistance Levels 11.18.2021

     


    Economic Reports, source: 

    https://bettertrader.co/ 

    BetterTrader Economic Indicators 11.17.2021

     

    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.

  • Gold Chart Review and Outlook & Support and Resistance Levels 10.29.2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    *Heads up: Start trading January beans – November beans entering first notice day.
    You should be already trading December natural gas.

    Gold Daily Chart below…..

    Potential long signal was generated today( based on personal technical factors I use) – Looking at the quote below, my biggest battle in this hypothetical example would be:
    1. Entry level ( market? wait for lower price? enter if price breaks above?)
    2. Exit in case of loss
    3. Exit in case of profit
    4. Trade size?
    5. If at a loss will I exit all? or in parts?
    6. If profit achieved will I exit part of the trade? ( assuming I am trading more than 1 contract or perhaps MICROS)
    7. Do I need to bring stop to breakeven at any point ( if certain profit achieved?)
    Obviously the answer to all of the above will change from trader to trader but bringing these points up can hopefully help you approach trading from a different angle.
    “Every battle is won or lost before it is ever fought.”
    Sun Tzu
    The Art of War
    This passage – dating back the 6th century B.C. – can aptly be applied to trading futures. Prepare for each trade. Set your risk. If the initial outcome is favorable, use your enemy’s resources (move your stop) to sustain your trading.
    Don’t engage in extended battles (over trade) and consume your resources (money, time, mental energy).
    Your “enemy,” (the market) only has the power to destroy your account if you let it.
    Gold Futures Chart

    Good Trading

    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

    10-29-2020

     


    Economic Reports, source: 

    https://bettertrader.co/ 

     

    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.

  • Free Course – An Introduction to Crude Oil & Support and Resistance Levels 10.13.2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    🙂

    Trading 101: Free Course – An Introduction to Crude Oil

    Today’s energy crude oil market is truly global. From West Texas Intermediate (WTI) to Brent and DME Oman, the crude oil market fuels many of the world’s leading economies and impact nearly every nation. Energy crude oil futures and options provide the tools the industry needs to manage risk. Explore the key concepts and structure of today’s energy markets, including the factors that affect supply and demand and move prices. Learn how to use these instruments to hedge exposure and unlock opportunities
    • WTI Overview
    • Understanding Crude Oil in the USA
    • Importance of Cushing, Oklahoma
    • Understanding European Crude Oil
    • Understanding Crude Oil Across Asian Region
    • And Much More!

    Good Trading

    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

    10-13-2020

     


    Economic Reports, source: 

    https://bettertrader.co/ 

     

    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.

  • Crude Oil Leading Many Markets? & Support and Resistance Levels 10.06.2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    Separator

    Crude Oil Leading Many Markets?

    I was doing some homework last night, back testing different entry signals etc.
    By mistake I plugged in a system that takes crude oil signals and applies it to the current market I was testing – Seems that these past 2 years or so, signals taken based on crude oil were more accurate ( using this specific trend following formula I was using) than signals based on the underlying contract!! To clarify I am testing longer term model using the DAILY chart.
    Cotton, Coffee, Corn, beans, Gold and SP500 all did better based on price action/ signals using crude oil prices than their own data!!
    Obviously this requires more in depth work, statistical analysis and forward testing but I thought it was interesting enough to share with you and give you some ideas perhaps even something to look into on intra day basis?
    Speaking on crude pay attention to inventory report tomorrow.

    Good Trading

    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

    10-06-2021

    Support and Resistance Levels 10.06.2021

    Economic Reports, source: 

     www.BetterTrader.co

    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 as well as options on futures.

  • Natural Gas, Crude Oil, Stocks and Rates, Support & Resistance Levels 10.05.2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    Separator
    Natural Gas, Crude Oil, Stocks and Rates
    They all work together with a strong relationship. At times with direct correlation, at times with inverse correlation.
    Do some homework, overlay some charts, look for clues that can help you while trading and provide even the smallest edge.
    Natural gas, Crude oil have been on a bullish stretch lately. See a weekly chart of Natural gas below.
    Other commodities like cotton and oats are also experiencing strong bull runs – is this due to in inflation? Supply chain fears? New “COVID world” environment?
    Current levels to watch for on the major markets mentioned above:
    Nov. Natural Gas:
    Pivot 5.72
    Support 5.14
    Resistance 6.80
    Nov. Crude Oil:
    Pivot 74.72
    Support 74.02
    Resistance 79.25
    Dec. 30 year bonds:
    Pivot 161.12
    Support 158.22
    Resistance 164.02
    Dec. Mini SP500:
    Pivot 4437.00
    Support 4251.00
    Resistance 4540.00
    Natural Gas Weekly Chart Cannon Trading

    Futures Trading Levels

    10-05-2021

    Support & Resistance Levels 10.05.2021
    Did you know?
    Cannon offers over 10 TRADING PLATFORMS CLICK HERE for a demo

    Economic Reports, source: 

     www.BetterTrader.co

    Better Trader Report 10.05.2021

    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 as well as options on futures.

  • Pay Attention to Energy Futures & Support and Resistance Levels 9.29.2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    Separator

    Pay Attention to Energy Futures

    (There’s More to Trading Than the S&P 500, Nasdaq and Dow Jones)
    By Mark O’Brien, Senior Broker
    Every country in the world depends on energy. For some, energy production is the backbone of their economies. Energy products as a percentage of all that a country exports can be as high as 90% or more. Kuwait, Libia and Iraq are notable examples. For others, energy is a scarce resource within their borders making it necessary to import it. Countries like South Korea, Ireland and Japan import over 80% of their needed energy. Governments, multinational corporations, international consortiums (think OPEC) often vigorously compete for control of energy production and distribution – and the revenue that comes from them. Energy resources have literally fueled wars for their control. Without doubt, oil, its refined products and natural gas are among the world’s most valued commodities.
    Not surprisingly, energy futures contracts like crude oil, heating oil, unleaded gas and natural gas are some of the largest futures contracts in the world by volume. The CME Group’s NYMEX Exchange offers trading on some of the energy sector’s benchmark products, including West Texas Intermediate (WTI) Crude, Henry Hub Natural Gas, Brent Crude and RBOB Gasoline.
    Like stock index futures, energy futures trade 23 hours a day (5:00 P.M. – 4:00 P.M., Central Time), Sunday through Friday. Both crude oil and natural gas offer mini contracts and crude oil even offers a micro contract.
    If you’re trading is solely focused on stock indexes, think about adding energy futures to your watch list and expanding your trading power (pun intended) with energy futures contracts.

    Good Trading

    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

    9-30-2021

    Economic Reports, source: 

     www.BetterTrader.co

    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 as well as options on futures.

  • Weekly Newsletter 1068: Day Trading Mind Traps & Intro to Crude Oil Futures Course & Trading Levels for the Week Ahead 9.27.2021

    Cannon Futures Weekly Letter Issue # 1068

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

     

    Day Trading Mind Traps

    “One way our brain helps keep us safe is to protect us from an awareness of our weaknesses. The brain believes that it is better to be falsely confident than recognize the real risks. This protective mechanism tends to work against us in trading.” Kenneth Reid, Ph.D
    MINDING THE MIND
    The mind can play tricks on us. Intuitive Trading is an attempt to mind read the market, which makes us susceptible to whipsaws. Hindsight Bias causes traders to underestimate the difficulty of trading, while Competency Bias causes us to over-estimate our abilities. These are mental banana peels that set us up for a fall.
    INTUITIVE TRADING
    Intuitive trading is a natural response to excessive randomness and non-linearity in the market. But making informed guesses is not the same as formulating a rule-based pattern-recognition system that gives a trader a true edge. Without a rule-based plan, intuitive traders expend a great deal of energy mindreading the market, which will not improve your odds of success. In fact, professional traders make a good living exploiting the emotionally-driven behavior of intuitive amateurs.

    Watch a recording of a recent webinar held with Bookmap on the topics of:

    • Order Flow
    • Where are the large orders?
    • Heat Map?
    • Tools for day-traders
    • More….
    Crude Oil Futures

    Trading 101: Free Course – An Introduction to Crude Oil

    Good Trading

    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

    09-27-2021

    Futures Trading Support and Resistance Levels 9.27.2021

     

    Weekly Levels

    Futures Support and Resistance Levels

     

    Trading Signals for commodities

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    Futures Economic Reports

    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

  • Weekly Newsletter 1067: Intro to Crude Oil Futures and Financials & Bookmap Real-Time Order Flow Analysis Webinar & Trading Levels for Week Ahead 9.20.2021

    Cannon Futures Weekly Letter Issue # 1067

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

     

    Trading 101: Free Course – An Introduction to Crude Oil

    Today’s energy crude oil market is truly global. From West Texas Intermediate (WTI) to Brent and DME Oman, the crude oil market fuels many of the world’s leading economies and impact nearly every nation. Energy crude oil futures and options provide the tools the industry needs to manage risk. Explore the key concepts and structure of today’s energy markets, including the factors that affect supply and demand and move prices. Learn how to use these instruments to hedge exposure and unlock opportunities

    Crude Oil Futures

    ACCESS THE COURSE NOW By Clicking Here

     

    Bookmap Real-time Order Flow Analysis

    In this session, we’ll take a look at how to utilize Real-Time Order Flow Analysis while trading variety of futures with a focus on the liquid, smaller MICRO products.
    Bruce Pringle, has been trading a variety of markets for over 10 years. He leads Bookmap’s trading education department and supports traders and professional educators.
    Bruce has developed expertise in reading order flow and market microstructure.
    In this webinar you will learn and see live examples:
    • Learn how to read Order Flow
    • See Stops and Iceberg transaction
    • How to Trade E-Micros from the E-Mini chart

    Register Now as Seats are limited!

    Good Trading

    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

    09-20-2021

    Futures Support and Resistance Levels 9.20.2021

     

    Weekly Levels

    Weekly Support and Resistance Levels

     

    Trading Signals for commodities

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    MRCI Reports

    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

  • Find Flexibility and Volume w/ Micro Futures Contracts & Support and Resistance Levels 9.08.2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    Separator
    MICROS are here to stay!
    I was wrong….when the MICROS first came out I was saying to myself “that defeats the whole point of leverage” BUT I am a big fan now.
    MICRO CL, MICRO ES, MICRO NQ are just some of the markets with very nice volume and they offer the flexibility of scaling in and out, smaller exposure.
    The NQ for example is trading at such levels compare to 3 years ago that a “normal 0.5%” move is worth approx. $1000 against you or in your favor simply because we are trading at 15613….compare to 780 3 years ago!! That is more than double the value/ exposure etc.
    The MICRO CL got great volume and at times when this market is very volatile or you want to take a swing trade but still sleep well at night…..
    You get my point!
    Start a real time demo and trade the MICROS and any other futures market in real time.
    You can start MICRO account with as little as $1000 and still get access to the service and knowledge Cannon is well know for in the industry

    Good Trading

    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

    9-09-2021

    Support and Resistance 9.09.2021

    Economic Reports, source: 

     www.BetterTrader.co

    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 as well as options on futures.

  • Futures Fundamentals & Support and Resistance Levels 9.01.2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    Separator
    First trading day of the month tomorrow. Wishing all of us a successful trading month and a healthy, safe September.
    Was hoping to share some valuable insight about trading or the markets today but honestly I think the markets are waiting for Labor Day weekend coming up and volatility is still relatively low in most markets.
    One advice I have to share is, observe and trade more than one market. if you are only trading crude oil and your trading model/ style looks for volatility and crude goes into low volatility – now what? ( Talking about crude oil….don’t forget tomorrow we have inventories at 10:30 AM EST and dont forget we have MICRO crude oil with nice volume and 1/10th the size!)
    But if you learn the fundamentals of few markets, lets say ES, Cl and ZB and you scan these markets for set ups you like – I personally feel that may be a better approach than just trading a single market.

    Good Trading

    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

    9-01-2021

    Support & resistance levels for 09.01.2021

    Economic Reports, source: 

     www.BetterTrader.co

    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 as well as options on futures.

  • Futures Trading Levels for July 20th, 2021

    Dear Traders,

    Volatility is back!
    COVID Variants fears…..While past performance is not indicative of future results, it might be worthwhile to look at how markets behaved during Jan-May of 2020.
    Intraday Volatility in stock index futures is extremely high. Actually across many markets Crude and NASDAQ futures leading the volatility but metals, energies and grains have seen higher volatility. I noticed the stock index futures today as I was actively monitoring and trading with some clients and saw the ES make 14 points moves and more, BOTH ways in the same 15 minutes….Intraday chart for illustration below.
    1.  Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
    2. Adjust stops and entries based on volatility ( ATR/ Parabolics).
    3. Be extra picky on entries without chasing trades.
    4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
    5. Focus more on risk management and ways to protect certain positions as needed. Survive to trade another day.
    Markets are moving extremely fast and at times quoting systems, platforms can’t even keep up.
    The risk is MUCH GREATER than I have seen, yet some traders look for it.
    That is ok, as long as you :
    Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
    Figure out your max risk.
    After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..
    Get Real Time updates and more on our private FB group!

     

    Futures Trading Levels

    7-20-2021

    Economic Reports, source: 

     www.BetterTrader.co

    GOOD TRADING!

    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.

     

    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.

  • Weekly Newsletter, Trading Resources, and More! 7/19/21

    Dear Traders,

    ALGO Trade Signals
    Directly to your Inbox!
    ·    A dynamic research tool for Futures traders based on revolutionary algorithmic IP. Experienced management team has combined decades of trading experience with superior programming capability to produce this unparalleled algorithmic trading product.
    ·    Daily email to traders identifying trading opportunities (signals) on more than 20 specific tickers per a discrete set of rules and conditions/algorithms.
    ·    Packages are signals only (Basic, $99/month) or signals with execution suggestions by VAREA trading specialists (Premium, $199/month) and get a free month of the Premium product when you sign up. Contact your broker for implementation instructions to get you started.
    Webinar Recording: Cannon Trading & CME Group invites you to WATCH recorded webinar from Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure.
    FREE Futures Forthright Premium eBook
    Cannon Trading Is Pleased To Present “Futures Forthright eBook“, Available For Instant Download Written By Cannon Trading Staff
    Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
    • A plan with steps that may lead to success
    • Steps Towards Mastering your Day Trading
    • The top mistakes traders make daily
    • How to handle the market noise
    • and much more…..
    The futures industry is complex and risky, which is why you need someone to be forthright with you…. Download eBook instantly.

     

    Futures Trading Levels

    7-19-2021

    Weekly Levels

    Reports, First Notice (FN), Last trading (LT) Days for the Week:
    Date Reports/Expiration Notice Dates

     

    GOOD TRADING!

    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.

     

    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.

  • Recorded MICRO Crude Webinar & Levels – July 16th, 2021

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and more on our private FB group!
    If you missed our MICRO Crude Oil webinar yesterday, here is the link to the recording.

     

    Futures Trading Levels

    7-16-2021

    Economic Reports, source: 

     www.BetterTrader.co

    GOOD TRADING!

    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.

     

    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.

  • Weekly Newsletter #1044 Day Trading Commodities with Crude Oil Futures & Trading Levels for Week Ahead 3.22.2021

    Cannon Futures Weekly Newsletter Issue # 1044

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Get Real Time updates and more on our private FB group!
    Trading 102: Day Trading Commodities with Crude Oil Futures
    Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:
    By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
    Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
    One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..Fill out the form below to read the full article.
    Weekly chart of Crude Oil futures for your review below. Click here for Larger image.
    Crude Oil Weekly Chart
    Good Trading

    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

    3-22-2021

     

    Weekly Levels

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    MRCI Reports

    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

  • Weekly Newsletter #1037 Day Trading Mind Traps, Crude Oil Outlook/Chart and Resistance Levels for the Week Ahead 2.01.2021

    Cannon Futures Weekly Newsletter Issue # 1037

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Trading 102: Day Trading Mind Traps 
    “One way our brain helps keep us safe is to protect us from an awareness of our weaknesses. The brain believes that it is better to be falsely confident than recognize the real risks. This protective mechanism tends to work against us in trading.” Kenneth Reid, Ph.D
    MINDING THE MIND
    The mind can play tricks on us. Intuitive Trading is an attempt to mind read the market, which makes us susceptible to whipsaws. Hindsight Bias causes traders to underestimate the difficulty of trading, while Competency Bias causes us to over-estimate our abilities. These are mental banana peels that set us up for a fall.
    INTUITIVE TRADING
    Intuitive trading is a natural response to excessive randomness and non-linearity in the market. But making informed guesses is not the same as formulating a rule-based pattern-recognition system that gives a trader a true edge. Without a rule-based plan, intuitive traders expend a great deal of energy mindreading the market, which will not improve your odds of success. In fact, professional traders make a good living exploiting the emotionally-driven behavior of intuitive amateurs.
    The Bull / Bear Camps for crude oil
    by Mark O’Brien, Senior Broker
    For the bulls, when you’re hanging on to news from China that they’ve seen meaningful declines in crude oil stockpiles at key ports and increased refinery run rates playing catch-up to demand, that’s not a strong hand.
    The new Biden Administration’s move to cancel the Keystone XL pipeline will likely elicit a muted response as its demise had been generally expected. Covid-related news continues to influence market sentiment, so the new South African variant and its impact on the global health crisis is ammunition for the bear camp. As well, last week’s Baker Hughes US oil rig count rose from 236 up to 289 rigs, within striking distance of the highest U.S. count since early May. It’s rational to view any intra-day price spikes with skepticism. Still, the bulls are not without their own home-court ammunition. Since the Nov./Dec. holidays, U.S. demand has improved and supplies have tightened per this week’s EIA report of a 9.9 million barrel inventory decline.
    Crude Oil Futures Daily Chart
    Good Trading

    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

    2-01-2021

    Futures Support & Resistance Levels 2.01.2021

     

    Weekly Levels

    Weekly Futures Support & Resistance Levels 2.01.2021 - 2.05.2021

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    MRCI Weekly Reports 1.29.2021 - 2.05.2021

    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 tradin

  • Weekly Newsletter #1036 Day Trading Commodities w/ Crude Oil Futures, Soybean Futures Chart and Resistance Levels 1.25.2021

    Cannon Futures Weekly Newsletter Issue # 1036

    Dear Traders,

    Like us on FaceBook!
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    Trading 202: Day Trading Commodities with Crude Oil Futures
    Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:
    By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
    Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
    One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
    March soybeans fell sharply today, losing ±$0.60 cents (-4.4%) down to $13.09 ¾ / bushel erasing all of its gains for the month of January. March corn declined as well, by $0.24 / bushel (-4.6%) to close at $5.00 ¼ / bushel. More welcome rain was forecast for Argentina today boosting forecasts of the last two days. That opened the door for improving crop conditions into early February. Forecasts for even more rain next week in Argentina and Brazil contributed to the sell-off’s momentum. Brazil’s 1-2-week forecast called for widespread rains over most growing regions. All this points to better-than-expected crop conditions across those two important growing areas into early February.
    Would you like to try out the “turning points Algo” you see on the chart in the form of blue circle and red circles?
    Soybean Futures Continuation Chart
    Good Trading

    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

    1-25-2021

    Futures Support & Resistance Levels 1.25.2021

     

    Weekly Levels

    Weekly Futures Support & Resistance Levels 1.25 - 1.29.2021

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    MRCI Reports 1.25-1.29.2021

    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 tradin

  • COVID and How it’s Affect the Futures Markets, Crude Oil Futures Chart & Support and Resistance Levels 1.06.2021

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    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Light at the End of the Tunnel?
    by Mark O’Brien, Senior Broker:
    As we transition into 2021, the overriding impact on the global economy and commodity prices remains the world-wide pandemic. Rising post-holiday infection figures in the U.S. from California to Rhode Island, in Europe, particularly the U.K., a return of the virus in China, and a newly discovered more contagious variant are all pointing to seeing January as the worst month in this now year-long scourge. Yet, a wide range of markets have been steadfast over the last 3-4 months in their ability to look past this crisis and price in demand improvement. Grains, metals, energies, gasoline, softs all have staged heady rallies. Soybeans are at 6-year highs. Crude oil traded through $50/barrel today, platinum trading above $1,100/ounce breached 4-year highs. Likely, as new and existing vaccines are made available and administered, as the holiday infection surge passes and hospital capacities come down, as we move toward the herd immunity that health officials have explained, the markets will take stock of the light at the end of the tunnel and assess these gains. Likely as well, overall price volatility across most if not all commodity asset classes will remain for the new year.
    Crude Oil broke above $50 for the first time in almost a year on OPEC meeting. Daily chart below.
    Crude Oil Futures Daily Chart

    Good Trading

    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

    1-06-2021

    Futures Support and Resistance Levels 1.06.2021

    Economic Reports, source: 

     www.BetterTrader.co

    Better Trader Futures Reports 1.06.2021

    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.

  • Crude Oil Futures Trading Updates for February 2019

    Crude Oil Futures Trading Updates for February 2019

    Crude oil futures experienced one of the strongest sell offs to finish 2018. The market sold from the mid 70’s into the mid 40’s in a matter of 7 weeks.

    See daily chart below:

     

    There were many reasons for the sell off. US China trade talks or lack off, OPEC production, US $ strength and much more but all this is old news at this point and the main focus of futures traders going forward is ”what next?” Before I try to answer that, lets take a look at some key factors that are general in nature to futures trading and crude oil futures trading:

    Crude Oil is part of the energy sector along with “it’s” brothers “RBOB – Unleaded gas” and heating oil and cousin, natural gas. All traded on the NYMEX/GLOBEX exchange.

    Crude Oil Futures Specs
    Hours: 5:00 PM to 4:00 PM next day PM Central Time
    Margins: $3410 initial, $3100 Maint. ( as of the date of this newsletter)
    Point Value: full point = $1000 ( Example: 71.80 to 72.80 ). Min fluctuation is 0.1 = $10 ( Example: 71.80 to 71.81)
    Settlement: Physical, deliverable commodity

    Months: Monthly cycle, All Months

    Weekly Options: YES
    Crude Oil is one of my favorite markets for Day Trading because of the intraday volatility and movements. Be careful, these factors can work against you or in your favor.

    Some of the basic fundamentals to keep in mind when you are considering a trade in the crude oil as well as other energies

    1. Longer term view of current market prices
    2.  Dates and times of important reports. Namely, Tuesday afternoon report (API) and the DOE report on Wednesday mornings at 10:30 Am EST
    3. Weather and Seasonality
    4. Correlation to US Dollar prices
    5. Inflationary prospects
    6. Geopolitical Stability
    7. U.S. Fiscal and Monetary Stability

    Keep in mind that the GLOBEX/NYMEX also offers the mini Crude oil contract which is half the size and may be a good alternative for smaller/ begginer traders.

    MINI Crude Oil Futures Specs
    Hours: 5:00 PM to 4:00 PM next day PM Central Time
    Margins: $1705 initial, $1550 Maint. ( as of the date of this newsletter)
    Point Value: full point = $500 ( Example: 62.80 to 63.80 ). Min fluctuation is 0.25 = $12.5 ( Example: 61.80 to 61.825)
    Settlement: Cash Settled commodity one day prior to the Big Contract

    Months: Monthly cycle, All Months

    So just like when you are trading any commodity or futures contract, one has to ask themselves the following questions in my opinion:

    • What time frame are you trading / looking at? Seconds and minutes? Hours and days or maybe even weeks and months? The answer can definitely impact the type of strategy you will use
    • Do you have a view of the market? Is it going higher? Going lower? Range bound? Is there a trend?
    • What is your personal preference? Risk capital? How much time do you have for following the markets?
    • Are you experienced enough to take a go at it on your own or would you like to chat/ discuss, dissect the markets with a commodity broker, a series 3 licensed futures broker?

    If your goal is to scalp and day trade crude oil futures, then take a look at what I consider a timeless piece I wrote a few years back on how to utilize fear and greed to day-trade crude oil futures.

    This article has some chart examples and specific trading set ups using crude oil futures trading: Crude Oil Day Trading

    Now back to the “million dollar question” – What is next for Crude Oil Futures in the next few weeks?

    In order to answer that I will look at the daily chart above and then take a look at the weekly chart below:

    Based on the fact that we had a major sell off that stopped on support levels, the fact that we are bouncing since then and the opinion I hold that crude oil longer term pressure is still down, my current view for this market is that we will see expanded range bound trading. I am looking for the market to trade between $48 and $59 ( hence the word expanded) over the next few weeks and perhaps more BEFORE it may attempt to take another stab at the down side.

    “Well, what good is that you may say to yourself…..” If I am right and you are willing to speculate with risk capital, then this information can be valuable.

    My preferred method would be to try and sell call options spread ( vertical call spreads) when the market rallies and sell vertical put spreads when the market sells off. Selling options is a risky strategy!! It is not for new commers and you can learn much more here.

    The main theory behind selling the calls and the puts is to take advantage of the time decay of options.

    As many of us know, geo political events affect the markets in general and crude oil futures in specific. No one can tell what news, wars, events will take place and that is obviously the unknown factor.

    I tell my clients many times on different occasions that entering a trade is only the first part of the equation, the main and even more important part is: how to manage the trade? Where do I exit if I am correct? Where should I exit if I am wrong? Should I use multiple contracts? How much am I willing to risk on the trade?

    Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains – this one is not different. If you need help creating a trading plan, visit our broker assist services.

    Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. 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.

  • Futures eBook & Trading Levels for 8.17.2018

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    ____________________________________________________________________

    Dear Traders,
    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Cannon Trading’s eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
    • A plan with steps for success
    • The top mistakes traders make daily
    • How to handle the market noise
    • And much more!
    The futures industry is complex and risky, which is why you need someone to be forthright with you….

    Futures Forthright eBook – FREE INSTANT DOWNLOAD

    Good Trading!
    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.

    Futures Trading Levels

    08.17.2018

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    Futures Trading Levels For Aug. 17th
    Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
    Resistance 3 2892.08 7499.50 26206 1719.00 6778.73
    Resistance 2 2871.92 7467.00 25907 1706.00 6628.49
    Resistance 1 2857.83 7428.25 25745 1697.00 6515.45
    Pivot 2837.67 7395.75 25446 1684.00 6365.21
    Support 1 2823.58 7357.00 25284 1675.00 6252.17
    Support 2 2803.42 7324.50 24985 1662.00 6101.93
    Support 3 2789.33 7285.75 24823 1653.00 5988.89
    Contract December Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
    Resistance 3 1212.6 15.38 66.93 145 12/32 1.1507
    Resistance 2 1200.8 15.10 66.22 145  1/32 1.1470
    Resistance 1 1190.7 14.87 65.84 144 26/32 1.1434
    Pivot 1178.9 14.59 65.13 144 15/32 1.1397
    Support 1 1168.8 14.36 64.75 144  8/32 1.1360
    Support 2 1157.0 14.08 64.04 143 29/32 1.1323
    Support 3 1146.9 13.85 63.66 143 22/32 1.1287
    Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
    Resistance 3 384.5 576.8 916.17 346.43 3.00
    Resistance 2 383.3 572.2 907.83 342.27 2.97
    Resistance 1 381.5 567.1 902.42 339.63 2.94
    Pivot 380.3 562.4 894.08 335.47 2.92
    Support 1 378.5 557.3 888.7 332.8 2.9
    Support 2 377.3 552.7 880.33 328.67 2.86
    Support 3 375.5 547.6 874.92 326.03 2.83

    Economic Reports,  source:


    Economic Reports, source

    https://app.bettertrader.com

     

     

    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.

  • Trading Crude Oil Futures

    Tips for day trading NYMEX crude oil futures

    By Ilan Levy-Mayer, VP Cannon Trading Co, Inc.

    When it comes to day trading futures contracts, crude oil futures are assumed one of the leading positions as far as trading volume.

     

    During the month of May 2018,  crude oil futures averaged around 1 Million contracts traded per day! That actually surpasses contracts like the ten-year notes, mini SP, mini Nasdaq and others who have traditionally been leaders’ in terms of volume.

     

    Part of the growth in crude oil futures is attributed to day trader participation. Day traders, by definition, will enter and exit their positions during the same trading day. This adds volume to the market traded.

     

    Some of the tips I am sharing below can be applied to most futures contracts as well as other financial products that are traded like stocks, forex, bonds and others. Some of the advice I am sharing is very specific to the crude oil futures trading field.

     

    1. Know the product you are trading:

     

    1. Just like a trader who trades a stock like Facebook knows what Facebook does, when its earning reports are due and other factors, so does a crude oil futures day trader needs to know a few facts about crude oil:

     

    • Contract Size: Crude Oil Futures consist of 1,000 barrels. For the trader this means that each full $1 move in crude futures = $1,000 against you or in your favor.

     

    For example:  A move from 72.10 to 73.10 = $1,000 and a move from 72.10 to 72.11 = $10 (the minimum fluctuation size or the tick size). Be aware that the CME also offers the mini crude contract,  which is half the size.

     

    • Trading Hours: Crude oil futures trade on the Globex terminal between the hours of 5:00 PM CST the DAY BEFORE to 4:00 PM CST the following day. Which means 23 hours of straight trading. It is important to know that most of the volume will trade between the hours of 8:00 AM CST and 1:30 PM CST, as these hours correspond to the “pit session” of the old trading floor.

     

    Another key aspect to remember is that crude oil is a deliverable commodity and the “front month” will change every 30 days or so. For example: since May 22nd 2018 we have been trading July crude oil.

     

    • Reports: There are more than a few reports that will affect crude oil future prices indirectly. These include monthly unemployment, the FOMC rate decision, and a few others.

     

    However, there are two major reports that move crude oil futures and its by-products (unleaded gasoline and heating oil) sharply: The API report, which comes out at 3:30 PM CST every Tuesday, and the DOE (Dept. of Energy) inventory numbers, which come out almost every Wednesday at 9:30AM CST.

     

    Take a look at this one-minute chart from Wednesday, May 16th right around the report time below to understand the volatility involved.

    As you can see above, the market made a move of $700 per ONE contract in a matter of minutes, perhaps even seconds! That type of risk and opportunity is one of the factors attracting day-traders into the crude oil market.

     

    • Geo Political Events: Middle East tensions, the Iran nuclear deal, tensions between Iraq and its neighbors…these are all examples of events that affect crude oil prices. Not to mention OPEC meetings!

     

     

    1. Trading Personality:

     

    In my opinion crude oil (like many other markets) will have one of the following 3 modes: trending, two-sided volatility, or Choppy/quiet/range bound trading.

     

    My experience is that crude will more often fall into the first 2 categories:  strong trend or two-sided volatility.  This leads me to my next point below, different trading set-ups.

     

    1. Trading Set-Ups:

     

    My preferred methods for trading crude are either breakout concept in an attempt to catch a strong move up or down once the market broke some key support or resistance levels, AND/OR counter trend methods to take advantage of when the market is oversold or overbought. Crude does seem to bring more fear and greed out of traders. So looking at RSI levels, for example, and using moving averages ON the RSI to try and get a feel for market reversals are methods worth exploring.

     

    1. Keep a journal:

     

    Like with any other trading, keep a journal. Take notes on how the market reacted to certain reports, how the markets traded during certain times of the day, and action you took and emotions you had that either helped or hurt you while trading. These notes will help you going forward.

     

    In summary, crude oil futures volume has increased significantly these past few years. The crude oil futures offer traders certain dynamics that other markets may not at certain times. Volatility, fear and greed are key traits for this market. Remember that trading crude oil futures specifically and futures and options in general carries a large degree of risk and is not suitable for all investors. Make sure you consult with a series 3 broker if you never traded this market before. As always, I wish you Good Trading!

     

    Important: Trading commodity futures and options involves a substantial risk of loss.

    The recommendations contained in this letter are of opinion only and do not guarantee any profits.

    There is not an actual account trading these recommendations.

    Past performances are not necessarily indicative of future results.

  • 5 Fact about Brent Crude 5.4.018

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    Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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    Dear Traders,
    5 Facts about Brent Crude 
    By Senior Broker, Mark O’ Brien

    Brent crude is a primary classification of crude oil used as a reference price for trading crude oil around the world. It is also known as London Brent and Brent Blend.

    It was first extracted in 1976 from a small area in the North Sea called the Brent field by Shell U.K. Limited (now Royal Dutch Shell), which made it a practice of naming oil fields after water birds.  For this particular area, the name comes from a small water bird called the Brent goose.

    While the Brent field is now no longer economically viable, Brent crude is now comprised of oil extracted from fifteen later-developed oil fields located throughout the North Sea, an area of roughly 220,000 square miles.  This area comprises by far the largest oil reserves in western Europe – land or sea.

    Read more at

    http://www.stockhouse.com/opinion/independent-reports/2018/05/01/5-facts-about-brent-crude#aPaDiqdofoX4VG2J.99

    Good Trading!

    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.

    Futures Trading Levels

    5-4-2018 

    Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
    Resistance 3 2692.58 6840.67 24540 1588.43 10421.08
    Resistance 2 2664.42 6756.08 24240 1572.97 10072.48
    Resistance 1 2647.58 6707.17 24067 1562.03 9858.25
    Pivot 2619.42 6622.58 23767 1546.57 9509.65
    Support 1 2602.58 6573.67 23594 1535.63 9295.42
    Support 2 2574.42 6489.08 23294 1520.17 8946.82
    Support 3 2557.58 6440.17 23121 1509.23 8732.59
    Contract June Gold #GC_F May Silver #SI-F June Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
    Resistance 3 1332.9 16.82 70.37 144 13/32 1.2112
    Resistance 2 1325.9 16.72 69.49 144  5/32 1.2078
    Resistance 1 1319.1 16.59 68.98 143 27/32 1.2051
    Pivot 1312.1 16.49 68.10 143 19/32 1.2018
    Support 1 1305.3 16.35 67.59 143  9/32 1.1991
    Support 2 1298.3 16.25 66.71 143  1/32 1.1957
    Support 3 1291.5 16.12 66.20 142 23/32 1.1930
    Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F May Nat Gas #NG_F
    Resistance 3 414.4 560.4 1082.67 407.40 2.84
    Resistance 2 411.3 549.3 1069.08 404.40 2.81
    Resistance 1 409.7 543.7 1061.17 401.50 2.77
    Pivot 406.6 532.6 1047.58 398.50 2.74
    Support 1 404.9 526.9 1039.7 395.6 2.7
    Support 2 401.8 515.8 1026.08 392.60 2.66
    Support 3 400.2 510.2 1018.17 389.70 2.62

                                             Economic ReportsSource: http://forexfactory.com

    Date 4:12pm Currency Impact Detail Actual Forecast Previous Graph
    FriMay 4  2:45am EUR
    French Gov Budget Balance
    -28.5B
    EUR
    French Trade Balance
    -4.9B -5.2B
    3:00am EUR
    Spanish Unemployment Change
    -100.2K -47.7K
    3:15am EUR
    Spanish Services PMI
    56.1 56.2
    3:45am EUR
    Italian Services PMI
    53.0 52.6
    3:50am EUR
    French Final Services PMI
    57.4 57.4
    3:55am EUR
    German Final Services PMI
    54.1 54.1
    4:00am EUR
    Final Services PMI
    55.0 55.0
    5:00am EUR
    Retail Sales m/m
    0.5% 0.1%
    8:30am USD
    Average Hourly Earnings m/m
    0.2% 0.3%
    USD
    Non-Farm Employment Change
    189K 103K
    USD
    Unemployment Rate
    4.0% 4.1%
    9:00am EUR
    German Buba President Weidmann Speaks
    12:00pm USD
    FOMC Member Dudley Speaks
    3:00pm USD
    FOMC Member Williams Speaks
    5:30pm USD
    FOMC Member Quarles Speaks
    8:00pm USD
    FOMC Member Bostic Speaks

    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.

  • Day Trading Crude Oil Futures & Levels 4-18-2018

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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    Dear Traders,

    With the energy numbers coming out tomorrow, which impact crude oil quite a bit, I thought it would be a good time to share this article I wrote once again:

    Crude Oil Futures volatility offers a “different market personality” than stock index futures. Here is some of the things you need to know about day trading crude oil futures:
    By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.

    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.

    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.

    Find More

    Good Trading!

    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.

    Futures Trading Levels

    4-17-2018

    Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
    Resistance 3 2755.75 7028.08 25152 1613.53 8404.83
    Resistance 2 2734.75 6936.42 24990 1600.27 8283.07
    Resistance 1 2720.75 6881.83 24875 1591.73 8066.58
    Pivot 2699.75 6790.17 24713 1578.47 7944.82
    Support 1 2685.75 6735.58 24598 1569.93 7728.33
    Support 2 2664.75 6643.92 24436 1556.67 7606.57
    Support 3 2650.75 6589.33 24321 1548.13 7390.08
    Contract June Gold #GC_F May Silver #SI-F May Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
    Resistance 3 1366.9 17.09 68.15 146 24/32 1.2546
    Resistance 2 1359.5 16.95 67.45 146 13/32 1.2507
    Resistance 1 1354.9 16.86 66.96 146  3/32 1.2467
    Pivot 1347.5 16.72 66.26 145 24/32 1.2429
    Support 1 1342.9 16.63 65.77 145 14/32 1.2389
    Support 2 1335.5 16.49 65.07 145  3/32 1.2350
    Support 3 1330.9 16.40 64.58 144 25/32 1.2310
    Contract May  Corn #ZC_F May Wheat #ZW_F May Beans #ZS_F May SoyMeal #ZM_F May Nat Gas #NG_F
    Resistance 3 387.2 480.1 1057.33 387.03 2.81
    Resistance 2 385.6 475.4 1052.67 384.37 2.79
    Resistance 1 382.9 470.8 1049.33 382.73 2.76
    Pivot 381.3 466.2 1044.67 380.07 2.74
    Support 1 378.7 461.6 1041.3 378.4 2.7
    Support 2 377.1 456.9 1036.67 375.77 2.69
    Support 3 374.4 452.3 1033.33 374.13 2.66

    Economic Reports, source: 

    http://app.bettertrader.co 

    Economic Reports - Wednesday, 18th April

    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.

  • Trading Resources! 1.31.2018

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    Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

    ____________________________________________________________________

    Front month for crude oil and Natural gas is March.

    Front month for gold is now April.

    Tomorrow is the last trading day of the month. I have seen the markets make some large moves on last/first trading days of the months and my assumption is that large funds either exit/ enter/close positions for different reasons on these days.

    Take notes and keep a journal!! 

    Some good resources for you to browse:

    Day trading crude oil article: https://www.cannontrading.com/community/day-trading-crude-oil-futures

    Trading Calendar: https://www.cannontrading.com/tools/futures-trading-calendar

    Chart Patterns: https://www.cannontrading.com/tools/recognizing-charts-patterns

    Good Trading!

    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.

    Futures Trading Levels

    1-31-2018 

    Contract March 2018  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
    Resistance 3 2890.83 7105.50 26856 1617.87 12451.67
    Resistance 2 2874.42 7056.00 26666 1608.63 11848.33
    Resistance 1 2851.33 7001.75 26384 1597.87 10926.67
    Pivot 2834.92 6952.25 26194 1588.63 10323.33
    Support 1 2811.83 6898.00 25912 1577.87 9401.67
    Support 2 2795.42 6848.50 25722 1568.63 8798.33
    Support 3 2772.33 6794.25 25440 1557.87 7876.67
    Contract Apr. Gold Mar. Silver Mar. Crude Oil Mar.  Bonds Mar.  Euro
    Resistance 3 1364.4 17.52 66.69 149 10/32 1.2612
    Resistance 2 1358.4 17.41 66.13 148 26/32 1.2552
    Resistance 1 1349.4 17.25 65.23 148  3/32 1.2493
    Pivot 1343.4 17.14 64.67 147 19/32 1.2432
    Support 1 1334.4 16.98 63.77 146 28/32 1.2373
    Support 2 1328.4 16.87 63.21 146 12/32 1.2313
    Support 3 1319.4 16.71 62.31 145 21/32 1.2254
    Contract Mar.  Corn Mar. Wheat March Beans Mar. SoyMeal Mar. Nat Gas
    Resistance 3 365.4 465.8 1018.42 351.93 3.33
    Resistance 2 363.8 461.8 1011.58 347.37 3.29
    Resistance 1 362.7 459.5 1005.92 343.93 3.23
    Pivot 361.1 455.5 999.08 339.37 3.20
    Support 1 359.9 453.3 993.4 335.9 3.1
    Support 2 358.3 449.3 986.58 331.37 3.10
    Support 3 357.2 447.0 980.92 327.93 3.03

    Economic Reports, source: 

    http://app.bettertrader.co

    Economic Reports - Wednesday, January 31st
    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.

  • Crude Oil Futures Flirts with $60 Mark for First Time in Over 30 Months

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    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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    Dear Traders,

    Trading was MUCH lighter today than normal…mini SP volume is normally above 1,000,000 contracts per day. Today volume was approx. 300000.

    I suspect the lower volume to continue until next Tuesday when we start trading for 2018.

    Don’t confuse low volume with “dead price action”. The lower volume can sometimes help exaggerate price moves when certain news or events take place.

    The market of today, was definitely crude oil (yes not bitcoin futures this time…). The front month, February touched 60.01 for the first time in
    months, maybe couple of years…

    Daily chart for review below:

    Crude Light(Globex), Equalized Active Daily Continuation Daily Chart

    Good Trading!

    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.

    Futures Trading Levels

    12-27-2017

    Contract March 2017  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
    Resistance 3 2695.83 6550.50 24908 1558.63 18758.33
    Resistance 2 2692.67 6521.25 24853 1554.47 17447.08
    Resistance 1 2689.83 6490.75 24817 1551.73 16606.42
    Pivot 2686.67 6461.50 24762 1547.57 15295.17
    Support 1 2683.83 6431.00 24726 1544.83 14454.51
    Support 2 2680.67 6401.75 24671 1540.67 13143.26
    Support 3 2677.83 6371.25 24635 1537.93 12302.60
    Contract Feb. Gold Mar. Silver Feb. Crude Oil Mar.  Bonds Mar.  Euro
    Resistance 3 1302.2 16.99 62.10 152 22/32 1.1997
    Resistance 2 1295.3 16.81 61.05 152  8/32 1.1979
    Resistance 1 1291.5 16.71 60.41 151 27/32 1.1959
    Pivot 1284.6 16.54 59.36 151 13/32 1.1941
    Support 1 1280.8 16.44 58.72 151 1.1921
    Support 2 1273.9 16.26 57.67 150 18/32 1.1903
    Support 3 1270.1 16.16 57.03 150  5/32 1.1883
    Contract Mar.  Corn Mar. Wheat March Beans Mar. SoyMeal Feb. Nat Gas
    Resistance 3 355.9 431.8 986.33 324.97 2.86
    Resistance 2 354.6 429.3 980.17 323.13 2.81
    Resistance 1 353.7 425.8 975.33 321.27 2.73
    Pivot 352.3 423.3 969.17 319.43 2.68
    Support 1 351.4 419.8 964.3 317.6 2.6
    Support 2 350.1 417.3 958.17 315.73 2.55
    Support 3 349.2 413.8 953.33 313.87 2.47

    Economic Reports, source: 

    http://app.bettertrader.co

    Economic Reports - December, 27th 2017

    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.

  • Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017

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    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Front month for Silver and most grains is now March.

    Front month for gold is now February.

    Front month for bonds and other interest futures is now March 2018. 

    Saudi Arabia: Turbulence on the Horizon?

    • 21 Nov 2017
    • By Erik Norland
    • Topics: Economic Events

    There is considerable change underway in Saudi Arabia, from how the country is governed and managed to an even more activist role in the politics of the volatile Middle East. Options markets, however, appear to be almost entirely unconcerned about recent developments in the country, the world’s largest exporter of crude oil and a key U.S. ally in the Middle East.

    At-the-money implied volatility on West Texas Intermediate (WTI) Crude Oil options has been trading near its lowest point since late 2014 and is well below its long-term average.  For example, on November 17, 90-day WTI options closed at 23% implied volatility, well below their 31% average so far this decade (Figure 1).  Are markets too complacent in the face of potential political disruption in Saudi Arabia and its neighboring countries. READ THE REST

    Good Trading!

    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.

    Futures Trading Levels

    11-30-2017

    Contract December 2017  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
    Resistance 3 2647.58 6543.67 24142 1566.33 13202.77
    Resistance 2 2640.92 6486.08 24044 1558.47 12291.50
    Resistance 1 2633.08 6398.17 23986 1550.23 10993.51
    Pivot 2626.42 6340.58 23888 1542.37 10082.24
    Support 1 2618.58 6252.67 23830 1534.13 8784.25
    Support 2 2611.92 6195.08 23732 1526.27 7872.98
    Support 3 2604.08 6107.17 23674 1518.03 6574.99
    Contract Feb. Gold Mar. Silver Jan. Crude Oil Mar.  Bonds Dec.  Euro
    Resistance 3 1312.5 17.27 59.77 155  4/32 1.1964
    Resistance 2 1306.4 17.12 59.03 154 12/32 1.1930
    Resistance 1 1297.2 16.86 58.22 153  8/32 1.1898
    Pivot 1291.1 16.71 57.48 152 16/32 1.1863
    Support 1 1281.9 16.45 56.67 151 12/32 1.1831
    Support 2 1275.8 16.30 55.93 150 20/32 1.1797
    Support 3 1266.6 16.04 55.12 149 16/32 1.1765
    Contract Mar.  Corn Mar. Wheat January Beans Mar. SoyMeal Jan. Nat Gas
    Resistance 3 358.3 439.3 1001.50 333.73 3.31
    Resistance 2 356.0 437.4 999.00 331.57 3.27
    Resistance 1 354.8 436.1 995.75 329.43 3.22
    Pivot 352.5 434.2 993.25 327.27 3.17
    Support 1 351.3 432.8 990.0 325.1 3.1
    Support 2 349.0 430.9 987.50 322.97 3.08
    Support 3 347.8 429.6 984.25 320.83 3.04

    Economic Reports, source: 

    http://app.bettertrader.co

    Economic Reports - Thursday, November 30th

    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.

  • Big day on the last trading day of the month tomorrow! 11.30.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    In today’s blog, note about tomorrow’s full day of reports, changes to Russell contract size, reminder of current front months

    Dear Traders,

    Looking at the schedule for tomorrow – BIG day ahead.

    We have OPEC, Crude Oil report, Beige book, ADP employment report, CPI and much more.

    Check the calendar on section 3 of this blog. Set alarms. Know which reports affect the markets you trade so you don’t get caught in one of those moments where you yell ” What the heck just happened??

    Effective on trade date Monday, December 5th,  ICE Futures US will change the contract size for mini Russell 2000:

    Mini Russell 2000 used to be that one point  was $100 or 1 tick was $10. As of next Monday, one point will be worth $50 and each tick will be $5.

    Assigned Deliveries can be a very costly process to try and reverse…..make sure you are trading the correct months:

    • Front month for Gold is February.
    • Silver front month is March.
    • Front month for most grains is March.
    • Crude oil and Natural gas are January.

    If you enjoy our blog and the information we share, please vote for us as #1 under the “Blog Section” and provide us with the strength and energy to continue and providing you with the best tips and information on this blog!!

    You can vote daily, both for the blog and for Cannon Brokerage services!!

    Vote here

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of 11.29.2016

    Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2223.33 4948.08 19217 1344.17 102.24
    Resistance 2 2216.42 4922.92 19174 1340.33 101.96
    Resistance 1 2210.08 4897.83 19144 1334.17 101.49
    Pivot 2203.17 4872.67 19101 1330.33 101.21
    Support 1 2196.83 4847.58 19071 1324.17 100.74
    Support 2 2189.92 4822.42 19028 1320.33 100.46
    Support 3 2183.58 4797.33 18998 1314.17 99.99
    Contract Feb. Gold March Silver Jan. Crude Oil Dec. Bonds Dec.   Euro
    Resistance 3 1212.7 17.13 48.71 154 16/32 1.0769
    Resistance 2 1205.2 16.95 47.85 153 24/32 1.0714
    Resistance 1 1197.6 16.82 46.55 153 8/32 1.0684
    Pivot 1190.1 16.64 45.69 152 16/32 1.0629
    Support 1 1182.5 16.51 44.39 152 1.0599
    Support 2 1175.0 16.33 43.53 151 8/32 1.0544
    Support 3 1167.4 16.20 42.23 150 24/32 1.0514
    Contract March Corn March Wheat Jan. Beans March SoyMeal Jan. Nat Gas
    Resistance 3 351.7 421.3 1057.25 332.97 3.46
    Resistance 2 348.6 418.4 1053.00 330.73 3.41
    Resistance 1 342.7 413.6 1047.75 327.47 3.37
    Pivot 339.6 410.7 1043.50 325.23 3.32
    Support 1 333.7 405.8 1038.3 322.0 3.3
    Support 2 330.6 402.9 1034.00 319.73 3.23
    Support 3 324.7 398.1 1028.75 316.47 3.19

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:25pm Currency Impact Detail Actual Forecast Previous Graph
    WedNov 30 2:00am EUR
    German Retail Sales m/m
    1.0% -1.4%
    GBP
    Bank Stress Test Results
    GBP
    BOE Financial Stability Report
    GBP
    FPC Statement
    2:45am EUR
    French Prelim CPI m/m
    -0.1% 0.0%
    3:55am EUR
    German Unemployment Change
    -6K -13K
    All Day ALL
    OPEC Meetings
    5:00am EUR
    CPI Flash Estimate y/y
    0.6% 0.5%
    EUR
    Core CPI Flash Estimate y/y
    0.8% 0.8%
    EUR
    Italian Prelim CPI m/m
    -0.2% -0.1%
    7:30am EUR
    ECB President Draghi Speaks
    8:15am USD
    ADP Non-Farm Employment Change
    161K 147K
    8:30am USD
    Core PCE Price Index m/m
    0.1% 0.1%
    USD
    Personal Spending m/m
    0.5% 0.5%
    USD
    Personal Income m/m
    0.4% 0.3%
    9:45am USD
    Chicago PMI
    52.1 50.6
    10:00am USD
    Pending Home Sales m/m
    0.3% 1.5%
    10:30am USD
    Crude Oil Inventories
    -1.3M
    11:00am EUR
    German Buba President Weidmann Speaks
    11:45am USD
    FOMC Member Powell Speaks
    2:00pm USD
    Beige Book

    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.

  • Getting Stopped Out on the Highs and Lows? Read This Article….11-18-2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Friday November 18, 2016

    Greetings!

    Dear Traders,

    Many of you shared with me how frustrated you get when you get stopped out only to see the market goes back to where you wanted it to or positioned for….

    This article by my colleague John Thorpe, talks about using weekly mini SP 500 options and can be applied to  gold, bonds, crude oil and other markets that have weekly options.  Must read.

    Weekly Mini S&P option contracts

    There are 100’s of indicators available to traders to assist with decision making that can be applied to technical analysis, which is precisely the reason to utilize a sound and inexpensive weekly ES strategy to compliment a day trading strategy.

    There are two main uses for the Weekly options
    1. As a hedge, no need for stops
    2. As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.

    Read the full article!

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of 11.18.2016

    Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2202.67 4891.25 18946 1326.60 102.36
    Resistance 2 2194.08 4859.00 18909 1320.30 101.68
    Resistance 1 2188.92 4842.50 18886 1314.60 101.33
    Pivot 2180.33 4810.25 18849 1308.30 100.65
    Support 1 2175.17 4793.75 18826 1302.60 100.30
    Support 2 2166.58 4761.50 18789 1296.30 99.62
    Support 3 2161.42 4745.00 18766 1290.60 99.27
    Contract Dec. Gold Dec. Silver Jan. Crude Oil Dec. Bonds Dec.   Euro
    Resistance 3 1249.4 17.50 47.77 156 19/32 1.0845
    Resistance 2 1240.3 17.29 47.17 155 31/32 1.0801
    Resistance 1 1228.8 17.00 46.07 154 26/32 1.0719
    Pivot 1219.7 16.79 45.47 154 6/32 1.0675
    Support 1 1208.2 16.49 44.37 153 1/32 1.0593
    Support 2 1199.1 16.28 43.77 152 13/32 1.0549
    Support 3 1187.6 15.99 42.67 151 8/32 1.0467
    Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. Nat Gas
    Resistance 3 349.5 416.7 1007.92 318.73 2.89
    Resistance 2 346.5 411.3 1000.83 315.57 2.84
    Resistance 1 344.3 407.2 995.17 313.53 2.77
    Pivot 341.3 401.8 988.08 310.37 2.73
    Support 1 339.0 397.7 982.4 308.3 2.7
    Support 2 336.0 392.3 975.33 305.17 2.61
    Support 3 333.8 388.2 969.67 303.13 2.54

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:53pm Currency Impact Detail Actual Forecast Previous Graph
    FriNov 18  2:00am EUR
    German PPI m/m
    0.3% -0.2%
    3:30am EUR
    ECB President Draghi Speaks
    4:00am EUR
    Current Account
    31.3B 29.7B
    4:10am GBP
    MPC Member Broadbent Speaks
    5:30am EUR
    German Buba President Weidmann Speaks
    USD
    FOMC Member Bullard Speaks
    9:30am USD
    FOMC Member Dudley Speaks
    USD
    FOMC Member George Speaks
    10:00am USD
    CB Leading Index m/m
    0.1% 0.2%
    9:45pm USD
    FOMC Member Powell Speaks

    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.

  • Try trading indicators for free!

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Friday November 11, 2016

    Greetings!

    Would you like to try trading indicators NOT found anywhere else?

    If so check out https://www.cannontrading.com/tools/intraday-futures-trading-signals

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of 11.15.2016

    Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2194.50 4874.00 19056 1337.23 101.62
    Resistance 2 2184.50 4829.25 18987 1322.67 100.93
    Resistance 1 2172.25 4762.25 18900 1310.43 100.48
    Pivot 2162.25 4717.50 18831 1295.87 99.79
    Support 1 2150.00 4650.50 18744 1283.63 99.34
    Support 2 2140.00 4605.75 18675 1269.07 98.65
    Support 3 2127.75 4538.75 18588 1256.83 98.20
    Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
    Resistance 3 1249.6 18.23 45.90 157 3/32 1.0961
    Resistance 2 1240.3 17.86 44.86 156 8/32 1.0909
    Resistance 1 1229.7 17.36 44.29 155 5/32 1.0828
    Pivot 1220.4 16.99 43.25 154 10/32 1.0775
    Support 1 1209.8 16.49 42.68 153 7/32 1.0694
    Support 2 1200.5 16.12 41.64 152 12/32 1.0642
    Support 3 1189.9 15.62 41.07 151 9/32 1.0561
    Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. Nat Gas
    Resistance 3 342.9 403.9 996.67 318.63 2.94
    Resistance 2 341.1 401.3 991.58 314.97 2.86
    Resistance 1 339.2 397.7 987.92 312.43 2.80
    Pivot 337.3 395.1 982.83 308.77 2.72
    Support 1 335.4 391.4 979.2 306.2 2.7
    Support 2 333.6 388.8 974.08 302.57 2.59
    Support 3 331.7 385.2 970.42 300.03 2.54

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date

    3:54pm Currency Impact Detail Actual Forecast Previous Graph
    TueNov 15  2:00am EUR
    German Prelim GDP q/q
    0.3% 0.4%
    2:45am EUR
    French Final CPI m/m
    0.0% 0.0%
    4:00am EUR
    Italian Prelim GDP q/q
    0.2% 0.0%
    5:00am EUR
    Flash GDP q/q
    0.3% 0.3%
    EUR
    German ZEW Economic Sentiment
    7.9 6.2
    EUR
    Trade Balance
    22.3B 23.3B
    EUR
    ZEW Economic Sentiment
    14.3 12.3
    8:30am USD
    Core Retail Sales m/m
    0.5% 0.5%
    USD
    Retail Sales m/m
    0.6% 0.6%
    USD
    Empire State Manufacturing Index
    -1.5 -6.8
    USD
    Import Prices m/m
    0.4% 0.1%
    10:00am USD
    Business Inventories m/m
    0.2% 0.2%

    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.

  • Oil outlook by Erik Nolan of the CME group 10.28.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Friday October 28, 2016

    Greetings!

    Good read by the CME about oil prices:

    Oil: Tell-Tale Signs in U.S. Inventories

    • 25 Oct 2016
    • By Erik Norland
    • Topics: Energy

    For those hoping for a sustained rebound in oil prices, U.S. inventories might present a mixed picture.  First the bad news: crude oil inventories are still near record high levels and are continuing to rise on a year-on-year basis.  Gasoline and ultra-low sulfur diesel (ULSD) inventories are also increasing year on year but to a lesser extent.  Inventories of all three remain near seasonally-adjusted record highs.

    The good news is that the pace of inventory accumulation is slowing rapidly.  For a while in 2015, crude oil inventories were rising as much as 31% year on year.  Currently, they are just 5% greater than a year ago (Figure 2).  Gasoline inventories are up about 4% from last year while ULSD inventories are up about 7% from a year ago.  At their peak rate of increase, gasoline inventories rose at about 11% year on year, while ULSD inventories increased by as much as 27% year on year.

    Read the rest along with graphs and charts.

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of 10.28.2016

    Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2157.42 4930.58 18281 1223.23 99.61
    Resistance 2 2150.58 4905.42 18232 1215.57 99.31
    Resistance 1 2138.17 4859.33 18163 1200.63 99.09
    Pivot 2131.33 4834.17 18114 1192.97 98.79
    Support 1 2118.92 4788.08 18045 1178.03 98.57
    Support 2 2112.08 4762.92 17996 1170.37 98.27
    Support 3 2099.67 4716.83 17927 1155.43 98.05
    Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
    Resistance 3 1282.7 17.91 51.18 165 29/32 1.1017
    Resistance 2 1278.2 17.82 50.62 164 29/32 1.0991
    Resistance 1 1274.2 17.73 50.12 163 21/32 1.0957
    Pivot 1269.7 17.64 49.56 162 21/32 1.0931
    Support 1 1265.7 17.55 49.06 161 13/32 1.0897
    Support 2 1261.2 17.46 48.50 160 13/32 1.0871
    Support 3 1257.2 17.37 48.00 159 5/32 1.0837
    Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. Nat Gas
    Resistance 3 366.2 425.6 1039.17 342.80 3.21
    Resistance 2 362.3 422.2 1029.58 335.80 3.16
    Resistance 1 359.9 418.3 1021.92 331.70 3.11
    Pivot 356.1 414.9 1012.33 324.70 3.05
    Support 1 353.7 411.1 1004.7 320.6 3.0
    Support 2 349.8 407.7 995.08 313.60 2.95
    Support 3 347.4 403.8 987.42 309.50 2.90

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:18pm Currency Impact Detail Actual Forecast Previous Graph
    FriOct 28  1:30am EUR
    French Prelim GDP q/q
    0.3% -0.1%
    All Day EUR
    German Prelim CPI m/m
    0.1% 0.1%
    2:45am EUR
    French Consumer Spending m/m
    0.3% 0.7%
    EUR
    French Prelim CPI m/m
    0.2% -0.2%
    3:00am EUR
    Spanish Flash CPI y/y
    0.3% 0.2%
    EUR
    Spanish Flash GDP q/q
    0.7% 0.8%
    Tentative EUR
    Italian 10-y Bond Auction
    1.21|1.4
    8:30am USD
    Advance GDP q/q
    2.5% 1.4%
    USD
    Advance GDP Price Index q/q
    1.3% 2.3%
    USD
    Employment Cost Index q/q
    0.6% 0.6%
    10:00am USD
    Revised UoM Consumer Sentiment
    88.2 87.9
    USD
    Revised UoM Inflation Expectations
    2.4%

    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.

  • Crude Oil Volatility and Chart 9.29.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Thursday September 29, 2016

    Greetings!

    What a volatile day in the energy sector…..

    We started with the energy report sending prices much lower only to get some reports on agreement between some of the oil producing countries to limit production…..

    Buy the rumor sell the fact?

    time will tell but if you are trading energies be aware of the news and adjust your trading as volatility expands like it just did…..

    Daily chart of Crude Oil for fun….

    Crude Oil Chart

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of 9.29.2016

    Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2192.92 4909.75 18482 1276.27 95.96
    Resistance 2 2179.08 4891.50 18371 1264.83 95.81
    Resistance 1 2171.67 4881.25 18312 1258.97 95.58
    Pivot 2157.83 4863.00 18201 1247.53 95.43
    Support 1 2150.42 4852.75 18142 1241.67 95.21
    Support 2 2136.58 4834.50 18031 1230.23 95.06
    Support 3 2129.17 4824.25 17972 1224.37 94.83
    Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec.   Euro
    Resistance 3 1341.4 19.64 51.07 170 24/32 1.1336
    Resistance 2 1336.2 19.45 49.26 170 14/32 1.1307
    Resistance 1 1331.4 19.34 47.97 169 26/32 1.1281
    Pivot 1326.2 19.16 46.16 169 16/32 1.1251
    Support 1 1321.4 19.05 44.87 168 28/32 1.1225
    Support 2 1316.2 18.86 43.06 168 18/32 1.1196
    Support 3 1311.4 18.75 41.77 167 30/32 1.1170
    Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Nov. Nat Gas
    Resistance 3 333.7 411.9 963.92 309.30 3.15
    Resistance 2 332.6 409.6 959.83 306.80 3.10
    Resistance 1 330.9 406.4 952.67 303.10 3.05
    Pivot 329.8 404.1 948.58 300.60 3.00
    Support 1 328.2 400.9 941.4 296.9 2.9
    Support 2 327.1 398.6 937.33 294.40 2.90
    Support 3 325.4 395.4 930.17 290.70 2.85

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:59pm Currency Impact Detail Actual Forecast Previous Graph
    WedSep 28 2:00am EUR
    GfK German Consumer Climate
    10.0 10.2 10.2
    4:05am GBP
    MPC Member Shafik Speaks
    8:30am USD
    Core Durable Goods Orders m/m
    -0.4% -0.5% 1.3%
    USD
    Durable Goods Orders m/m
    0.0% -1.0% 3.6%
    9:30am EUR
    ECB President Draghi Speaks
    10:00am USD
    Fed Chair Yellen Testifies
    10:10am USD
    FOMC Member Bullard Speaks
    10:30am USD
    Crude Oil Inventories
    -1.9M 2.4M -6.2M
     4:35pm USD
    FOMC Member Mester Speaks
    7:15pm USD
    FOMC Member George Speaks

    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.

  • Crude Oil Numbers Tomorrow 9.28.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Wednesday September 28, 2016

    Greetings!

    We have a full day tomorrow!

    Crude Oil numbers, Fed. members speaking, Draghi speaking, durable goods….

    I wrote before on trading or not trading during big numbers.
    Each of you is a different person, different trader and hence the importance of keeping a personal trading journal. If you trade crude oil, you will be able to look back at your journal and decide if to trade or not during crude numbers and read from past weekly reprots which will greatly help you preparing for tomorrow report.

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of 9.28.2016

    Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2181.50 4947.00 18405 1265.10 96.00
    Resistance 2 2167.75 4905.75 18278 1256.40 95.79
    Resistance 1 2160.25 4883.25 18212 1250.10 95.57
    Pivot 2146.50 4842.00 18085 1241.40 95.36
    Support 1 2139.00 4819.50 18019 1235.10 95.13
    Support 2 2125.25 4778.25 17892 1226.40 94.92
    Support 3 2117.75 4755.75 17826 1220.10 94.70
    Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec.   Euro
    Resistance 3 1356.2 20.10 47.40 170 22/32 1.1365
    Resistance 2 1349.9 19.85 46.68 170 6/32 1.1332
    Resistance 1 1340.4 19.53 45.63 169 26/32 1.1296
    Pivot 1334.1 19.29 44.91 169 10/32 1.1264
    Support 1 1324.6 18.97 43.86 168 30/32 1.1228
    Support 2 1318.3 18.72 43.14 168 14/32 1.1195
    Support 3 1308.8 18.40 42.09 168 2/32 1.1159
    Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Nov. Nat Gas
    Resistance 3 339.0 419.0 978.83 307.43 3.12
    Resistance 2 335.8 412.0 966.17 303.67 3.10
    Resistance 1 333.8 408.0 959.33 301.63 3.07
    Pivot 330.5 401.0 946.67 297.87 3.05
    Support 1 328.5 397.0 939.8 295.8 3.0
    Support 2 325.3 390.0 927.17 292.07 3.01
    Support 3 323.3 386.0 920.33 290.03 2.98

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:10pm Currency Impact Detail Actual Forecast Previous Graph
    WedSep 28  2:00am EUR
    GfK German Consumer Climate
    10.2 10.2
    4:05am GBP
    MPC Member Shafik Speaks
    8:30am USD
    Core Durable Goods Orders m/m
    -0.5% 1.3%
    USD
    Durable Goods Orders m/m
    -1.0% 4.4%
    10:00am USD
    Fed Chair Yellen Testifies
    10:10am USD
    FOMC Member Bullard Speaks
    10:30am EUR
    ECB President Draghi Speaks
    USD
    Crude Oil Inventories
    -6.2M
    7:15pm USD
    FOMC Member George Speaks

    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.

  • Crude Oil and Mini SP 500 Charts – Sitting on Major Support! 9.15.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Thursday September 15, 2016

    Greetings!

    No words of wisdom today…so instead two charts of two markets that are sitting or very close to major support.

    First is the mini SP 500, followed by Crude Oil.

    Mini SP 500 Daily Chart

    Mini SP 500 Daily Chart

    Crude Oil Daily Chart

    Crude Oil Daily Chart

    If you need help, feel like chatting markets or getting feedback  – we are here!

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of 9.15.2016

    Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2153.67 4814.08 18236 1225.83 96.06
    Resistance 2 2144.08 4790.92 18160 1220.97 95.86
    Resistance 1 2131.17 4766.58 18057 1214.03 95.59
    Pivot 2121.58 4743.42 17981 1209.17 95.39
    Support 1 2108.67 4719.08 17878 1202.23 95.13
    Support 2 2099.08 4695.92 17802 1197.37 94.93
    Support 3 2086.17 4671.58 17699 1190.43 94.66
    Contract Dec. Gold Dec. Silver Oct. Crude Oil Dec. Bonds Sept.   Euro
    Resistance 3 1344.8 19.53 46.76 167 8/32 1.1343
    Resistance 2 1337.3 19.35 46.05 166 26/32 1.1310
    Resistance 1 1331.6 19.20 44.85 166 8/32 1.1281
    Pivot 1324.1 19.02 44.14 165 26/32 1.1248
    Support 1 1318.4 18.87 42.94 165 8/32 1.1220
    Support 2 1310.9 18.69 42.23 164 26/32 1.1187
    Support 3 1305.2 18.54 41.03 164 8/32 1.1158
    Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Oct. Nat Gas
    Resistance 3 339.2 415.8 954.50 311.00 3.09
    Resistance 2 335.6 410.0 951.25 309.90 3.03
    Resistance 1 333.7 406.5 947.00 307.80 2.96
    Pivot 330.1 400.8 943.75 306.70 2.91
    Support 1 328.2 397.3 939.5 304.6 2.8
    Support 2 324.6 391.5 936.25 303.50 2.78
    Support 3 322.7 388.0 932.00 301.40 2.71

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:07pm Currency Impact Detail Actual Forecast Previous Graph
    ThuSep 15  4:30am GBP
    Retail Sales m/m
    -0.4% 1.4%
    5:00am EUR
    Final CPI y/y
    0.2% 0.2%
    EUR
    Final Core CPI y/y
    0.8% 0.8%
    EUR
    Trade Balance
    22.1B 23.4B
    Tentative EUR
    Spanish 10-y Bond Auction
    1.10|2.1
    7:00am GBP
    MPC Official Bank Rate Votes
    0-0-9 0-9-0
    GBP
    Monetary Policy Summary
    GBP
    Official Bank Rate
    0.25% 0.25%
    GBP
    Asset Purchase Facility
    435B 435B
    GBP
    MPC Asset Purchase Facility Votes
    0-0-9 6-0-3
    8:30am USD
    Core Retail Sales m/m
    0.3% -0.3%
    USD
    PPI m/m
    0.1% -0.4%
    USD
    Philly Fed Manufacturing Index
    1.1 2.0
    USD
    Retail Sales m/m
    -0.1% 0.0%
    USD
    Unemployment Claims
    262K 259K
    USD
    Core PPI m/m
    0.1% -0.3%
    USD
    Current Account
    -120B -125B
    USD
    Empire State Manufacturing Index
    -0.9 -4.2
    9:15am USD
    Capacity Utilization Rate
    75.8% 75.9%
    USD
    Industrial Production m/m
    -0.2% 0.7%
    10:00am USD
    Business Inventories m/m
    0.1% 0.2%
    10:30am USD
    Natural Gas Storage
    57B 36B

    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.

  • Crude Oil Outlook 8.26.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Friday August 26, 2016

    Hello Traders,

    Greetings!

    Crude Oil Futures Are Reaching a Decision Point
    I like the potential of being bullish on crude oil futures for next few weeks! Here are a few ways you can do this:

    Crude oil futures have been providing quite a bit of excitement the last few months. Most traders, myself included, like excitement when it comes to trading. It means two things: opportunities and risks.

    The recent pullback in crude oil future prices present a buying opportunity, in my opinion.

    Looking at the daily chart of crude oil below, you will see that I marked what I feel should be a support level for resumption of the upside move.

    Read the Rest of the article along with charts here

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of  8.26.2016

    Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2187.75 4820.33 18563 1255.83 95.07
    Resistance 2 2182.50 4807.17 18524 1249.47 94.94
    Resistance 1 2178.00 4794.58 18484 1244.53 94.83
    Pivot 2172.75 4781.42 18445 1238.17 94.69
    Support 1 2168.25 4768.83 18405 1233.23 94.58
    Support 2 2163.00 4755.67 18366 1226.87 94.45
    Support 3 2158.50 4743.08 18326 1221.93 94.34
    Contract Dec. Gold Sept. Silver Oct. Crude Oil Sept. Bonds Sept.   Euro
    Resistance 3 1339.3 18.78 48.76 173 19/32 1.1348
    Resistance 2 1334.8 18.70 48.11 173 2/32 1.1328
    Resistance 1 1330.1 18.60 47.72 172 11/32 1.1309
    Pivot 1325.6 18.52 47.07 171 26/32 1.1289
    Support 1 1320.9 18.42 46.68 171 3/32 1.1271
    Support 2 1316.4 18.34 46.03 170 18/32 1.1251
    Support 3 1311.7 18.24 45.64 169 27/32 1.1232
    Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Oct. Nat Gas
    Resistance 3 340.9 431.4 1015.33 334.87 3.05
    Resistance 2 338.8 429.6 1007.17 331.53 2.97
    Resistance 1 335.4 426.7 991.33 325.17 2.93
    Pivot 333.3 424.8 983.17 321.83 2.85
    Support 1 329.9 421.9 967.3 315.5 2.8
    Support 2 327.8 420.1 959.17 312.13 2.74
    Support 3 324.4 417.2 943.33 305.77 2.69

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:16pm Currency Impact Detail Actual Forecast Previous Graph
    FriAug 26  2:00am EUR
    GfK German Consumer Climate
    10.2 10.0
    4:00am EUR
    M3 Money Supply y/y
    5.0% 5.0%
    EUR
    Private Loans y/y
    1.8% 1.7%
    4:30am GBP
    Second Estimate GDP q/q
    0.6% 0.6%
    GBP
    Prelim Business Investment q/q
    -0.9% -0.6%
    GBP
    Index of Services 3m/3m
    0.4% 0.3%
    8:30am USD
    Prelim GDP q/q
    1.1% 1.2%
    USD
    Goods Trade Balance
    -62.3B -63.3B
    USD
    Prelim GDP Price Index q/q
    2.2% 2.2%
    10:00am USD
    Fed Chair Yellen Speaks
    USD
    Revised UoM Consumer Sentiment
    90.6 90.4
    USD
    Revised UoM Inflation Expectations
    2.5%
    All Day ALL
    Jackson Hole Symposium

    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.

  • Trading Crude Oil Futures on EIA Report Time 8.24.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Wednesday August 24, 2016

    Hello Traders,

    Greetings!

    Tomorrow, like almost every Wednesday, we will have EIA report at 9:30 AM Central Time. This report definitely moves the energy sector, crude oil, heating oil and unleaded gas.

    The one I follow the most, as I feel it is suitable for day trading is Crude oil. I have shared many of my observations about trading crude on this blog before. Today I want to talk specifically about the report.

    Two main ways in my opinion to trade the report:

    1. Don’t trade it…Get out 5 minutes before and wait 5-10 minutes after the smoke clears before you resume trading.
    2. Be flat before the report and place limit orders with corresponding stops and profit targets to buy low and/ or sell high. Perhaps look at bollinger bands on the 15 minute chart and use sell and buy limits around the extreme. If you brave enough , have enough risk capital and experience to go about it, make sure you have stops attached to these limit orders as the market can move very FAST. Not just that, you can also expect slippage. That being said, I have seen crude oil make some extreme moves right on the number only to come back either way before making another extreme move…If you looking to try this I HIGHLY recommend to use a demo account first and see how it goes. Don’t jump in with real money just because you read about it somewhere….( here in this case).

    Below you will see 10 seconds chart for last Wednesday to give somewhat of an example, followed by the 15 minute chart below.

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of  8.24.2016

    Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2203.83 4863.75 18704 1267.30 95.03
    Resistance 2 2197.67 4850.25 18660 1259.10 94.80
    Resistance 1 2191.58 4834.75 18595 1253.10 94.66
    Pivot 2185.42 4821.25 18551 1244.90 94.43
    Support 1 2179.33 4805.75 18486 1238.90 94.29
    Support 2 2173.17 4792.25 18442 1230.70 94.06
    Support 3 2167.08 4776.75 18377 1224.70 93.92
    Contract Dec. Gold Sept. Silver Sept. Crude Oil Sept. Bonds Sept.   Euro
    Resistance 3 1357.8 19.26 50.39 174 1.1402
    Resistance 2 1353.3 19.18 49.35 173 16/32 1.1384
    Resistance 1 1347.9 19.00 48.66 173 1/32 1.1350
    Pivot 1343.4 18.92 47.62 172 17/32 1.1333
    Support 1 1338.0 18.74 46.93 172 2/32 1.1299
    Support 2 1333.5 18.66 45.89 171 18/32 1.1281
    Support 3 1328.1 18.48 45.20 171 3/32 1.1247
    Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Sept. Nat Gas
    Resistance 3 343.7 437.3 1028.25 337.00 2.91
    Resistance 2 341.6 435.2 1022.50 334.30 2.84
    Resistance 1 339.4 431.3 1018.00 331.40 2.80
    Pivot 337.3 429.2 1012.25 328.70 2.73
    Support 1 335.2 425.3 1007.8 325.8 2.7
    Support 2 333.1 423.2 1002.00 323.10 2.61
    Support 3 330.9 419.3 997.50 320.20 2.57

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:13pm Currency Impact Detail Actual Forecast Previous Graph
    WedAug 24  2:00am EUR
    German Final GDP q/q
    0.3% 0.4%
    4:30am GBP
    BBA Mortgage Approvals
    38.5K 40.1K
    9:00am EUR
    Belgian NBB Business Climate
    1.1 1.0
    USD
    HPI m/m
    0.3% 0.2%
    10:00am USD
    Existing Home Sales
    5.55M 5.57M
    10:30am USD
    Crude Oil Inventories
    -0.7M -2.5M

    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.

  • What should you do when stock index futures are “dead”? 8.09.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Tuesday August 09, 2016

    Hello Traders,

    Summer trading at its best….8 points range on the Mini SP 500 during the primary session…As a trader, that can be pretty depressing. Few things you can do when stock index futures are “dead”:

    1. Wait for them to come back a live and simply don’t trade until that happens.
    2. Look at weekly Mini SP500 options as an alternative
    3. Look at other markets ( crude oil had a nice volatile range today)

    In between, feel free to reach out to us here at Cannon with any questions, feedback and comments and let us know how we can help you achieve your goals!

    Here is some good reading material for when the market is slow:

    https://www.cannontrading.com/community/futures-market-ranking-30-market-events

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels 

    Levels for 8.09.2016

    Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2191.17 4831.92 18575 1240.77 96.80
    Resistance 2 2187.08 4816.33 18541 1237.53 96.61
    Resistance 1 2181.42 4797.42 18503 1232.67 96.47
    Pivot 2177.33 4781.83 18469 1229.43 96.28
    Support 1 2171.67 4762.92 18431 1224.57 96.14
    Support 2 2167.58 4747.33 18397 1221.33 95.95
    Support 3 2161.92 4728.42 18359 1216.47 95.81
    Contract Aug. Gold Sept. Silver Sept. Crude Oil Sept. Bonds Sept.   Euro
    Resistance 3 1353.4 20.30 45.15 173 10/32 1.1153
    Resistance 2 1348.6 20.10 44.27 172 19/32 1.1138
    Resistance 1 1344.8 19.93 43.57 172 3/32 1.1120
    Pivot 1340.0 19.72 42.69 171 12/32 1.1105
    Support 1 1336.2 19.55 41.99 170 28/32 1.1087
    Support 2 1331.4 19.35 41.11 170 5/32 1.1072
    Support 3 1327.6 19.18 40.41 169 21/32 1.1054
    Contract Dec. Corn Sept. Wheat Nov. Beans Dec. SoyMeal Sept. Nat Gas
    Resistance 3 342.8 435.2 1006.00 347.93 2.83
    Resistance 2 339.9 429.3 996.00 342.47 2.79
    Resistance 1 337.3 423.2 990.50 337.43 2.77
    Pivot 334.4 417.3 980.50 331.97 2.74
    Support 1 331.8 411.2 975.0 326.9 2.7
    Support 2 328.9 405.3 965.00 321.47 2.68
    Support 3 326.3 399.2 959.50 316.43 2.66

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:15pm Currency Impact Detail Actual Forecast Previous Graph
    TueAug 9 2:00am EUR
    German Trade Balance
    23.2B 22.2B
    2:45am EUR
    French Gov Budget Balance
    -65.7B
    4:30am GBP
    Manufacturing Production m/m
    0.0% -0.5%
    GBP
    Goods Trade Balance
    -9.6B -9.9B
    GBP
    Industrial Production m/m
    -0.1% -0.5%
    6:00am USD
    NFIB Small Business Index
    94.5 94.5
    8:30am USD
    Prelim Nonfarm Productivity q/q
    0.5% -0.6%
    USD
    Prelim Unit Labor Costs q/q
    1.8% 4.5%
    10:00am GBP
    NIESR GDP Estimate
    0.6%
    USD
    IBD/TIPP Economic Optimism
    46.2 45.5
    USD
    Wholesale Inventories m/m
    0.0% 0.1%

    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.

  • Day Trading Crude Oil Futures 6.08.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Wednesday June 08, 2016

    Hello Traders,

    For 2016 I would like to wish all of you discipline and patience in your trading!

    Voted #1 futures trading blog! 

    Crude Oil numbers tomorrow morning. As of lately it has been one of the more followed reports by all markets…..

    I wrote this piece about day trading crude oil futures a couple of years ago and it is still very valid in my opinion:

    Trading 102: Day Trading Using fear and greed ( using Crude Oil futures as an example)

    Crude Oil Futures volatility offers a “different market personality” than stock index futures. Here is some of the things you need to know about day trading crude oil futures:

    By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

    Crude Oil is one of MY favorite futures markets for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.

    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when the first notice day and last trading day for crude oil futures are, in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into a delivery situation.

    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013 ( I wrote this one a while back but the examples and logic are still very current!) , crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.

    Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.

    One last pointer to touch on is the EIA (Energy Information Administration) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand)  and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time…

    Read the rest of the article along with chart examples, specific trade set ups and other trading tips which can be applied to many markets not just the crude oil market

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels 

    Contract June 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2128.83 4570.00 18072 1194.33 94.38
    Resistance 2 2123.42 4557.75 18033 1188.97 94.23
    Resistance 1 2117.33 4535.75 17982 1183.93 94.05
    Pivot 2111.92 4523.50 17943 1178.57 93.90
    Support 1 2105.83 4501.50 17892 1173.53 93.72
    Support 2 2100.42 4489.25 17853 1168.17 93.57
    Support 3 2094.33 4467.25 17802 1163.13 93.39
    Contract Aug. Gold July Silver July Crude Oil Sept. Bonds June   Euro
    Resistance 3 1263.3 16.76 51.95 167 8/32 1.1424
    Resistance 2 1256.2 16.62 51.24 166 31/32 1.1403
    Resistance 1 1251.2 16.51 50.86 166 22/32 1.1382
    Pivot 1244.1 16.38 50.15 166 13/32 1.1361
    Support 1 1239.1 16.27 49.77 166 4/32 1.1340
    Support 2 1232.0 16.13 49.06 165 27/32 1.1319
    Support 3 1227.0 16.02 48.68 165 18/32 1.1298
    Contract July Corn July Wheat July Beans July SoyMeal July Nat Gas
    Resistance 3 435.2 522.8 1170.08 427.57 2.59
    Resistance 2 431.6 518.2 1159.42 421.53 2.54
    Resistance 1 429.7 513.6 1150.33 414.67 2.51
    Pivot 426.1 508.9 1139.67 408.63 2.46
    Support 1 424.2 504.3 1130.6 401.8 2.4
    Support 2 420.6 499.7 1119.92 395.73 2.38
    Support 3 418.7 495.1 1110.83 388.87 2.35

    Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
    WedJun 8  4:30am GBP
    Manufacturing Production m/m
    0.0% 0.1%
    GBP
    Industrial Production m/m
    0.0% 0.3%
    10:00am GBP
    NIESR GDP Estimate
    0.3%
    USD
    JOLTS Job Openings
    5.67M 5.76M
    10:30am USD
    Crude Oil Inventories
    -3.2M -1.4M
    1:01pm USD
    10-y Bond Auction
    1.71|2.7
    7:01pm GBP
    RICS House Price Balance
    36% 41%

    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.

  • Crude Oil Heikin-Ashi Charts 3.09.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Wednesday March 9, 2016

    Hello Traders,

    For 2016 I would like to wish all of you discipline and patience in your trading!

    Greetings!

     Crude Oil inventories tomorrow at 10:30 AM EST, like almost every Wednesday. On weeks when we have long weekends, the report will come out Thursday.

    below you will see 1 minute chart from the last two reports, as they say, picture is worth a 1000 words….

    Wednesday March 2nd 2016

    Crude Oil Heikin-Ashi Charts March 2nd 2016

    Crude Oil Heikin-Ashi Charts March 2nd 2016

    Wednesday Feb. 24th 2016

    Crude Oil Heikin-Ashi Charts Feb, 24th 2016

    Crude Oil Heikin-Ashi Charts Feb, 24th 2016

    Have you checked out iSystems?? This cutting edge technology allows you to select, activate, change and view in real time professionally designed trading systems! Check out live data at: https://cannon.isystems.com

    TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Striker, click here.

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract March 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2019.58 4359.75 17213 1112.93 97.74
    Resistance 2 2009.92 4334.25 17138 1102.87 97.51
    Resistance 1 1995.33 4302.50 17057 1085.63 97.36
    Pivot 1985.67 4277.00 16982 1075.57 97.13
    Support 1 1971.08 4245.25 16901 1058.33 96.97
    Support 2 1961.42 4219.75 16826 1048.27 96.74
    Support 3 1946.83 4188.00 16745 1031.03 96.59
    Contract Apr. Gold May Silver Apr. Crude Oil June Bonds March   Euro
    Resistance 3 1291.7 16.05 39.88 165 30/32 1.1113
    Resistance 2 1285.3 15.91 39.14 165 13/32 1.1087
    Resistance 1 1273.7 15.65 37.70 164 21/32 1.1047
    Pivot 1267.3 15.50 36.96 164 4/32 1.1021
    Support 1 1255.7 15.24 35.52 163 12/32 1.0981
    Support 2 1249.3 15.10 34.78 162 27/32 1.0955
    Support 3 1237.7 14.84 33.34 162 3/32 1.0915
    Contract May Corn May Wheat May Beans May SoyMeal April Nat Gas
    Resistance 3 369.8 477.1 896.25 279.27 1.81
    Resistance 2 366.2 471.4 890.50 276.33 1.77
    Resistance 1 363.3 468.3 887.50 274.57 1.75
    Pivot 359.7 462.7 881.75 271.63 1.71
    Support 1 356.8 459.6 878.8 269.9 1.7
    Support 2 353.2 453.9 873.00 266.93 1.65
    Support 3 350.3 450.8 870.00 265.17 1.62
    Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:52pm Currency Impact Detail Actual Forecast Previous Graph
    WedMar 9  4:30am GBP Manufacturing Production m/m 0.2% -0.2%
    GBP Industrial Production m/m 0.6% -1.1%
    10:00am GBP NIESR GDP Estimate 0.4%
    USD Wholesale Inventories m/m -0.2% -0.1%
    10:30am USD Crude Oil Inventories 10.4M
    1:01pm USD 10-y Bond Auction 1.73|2.6
    7:01pm GBP RICS House Price Balance 52% 49%

    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.

     

  • Trading 201: Day Trading Crude Oil futures

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Friday February 26, 2016

    Hello Traders,

    For 2016 I would like to wish all of you discipline and patience in your trading!

    Greetings!

    Trade management is more important than Market Analysis….

    Trading 201: Day Trading Crude Oil futures

    Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.

    Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.

    Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

    Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.

    Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.

    One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand)  and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time…

    Read the rest of the article along with chart examples, specific trade set ups and other trading tips which can be applied to many markets not just crude oil

    TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Striker, click here.

    GOOD TRADING

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract March 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1983.08 4313.58 16992 1046.77 98.18
    Resistance 2 1965.17 4272.67 16822 1038.13 97.96
    Resistance 1 1956.08 4252.08 16736 1033.77 97.67
    Pivot 1938.17 4211.17 16566 1025.13 97.45
    Support 1 1929.08 4190.58 16480 1020.77 97.16
    Support 2 1911.17 4149.67 16310 1012.13 96.94
    Support 3 1902.08 4129.08 16224 1007.77 96.65
    Contract Apr. Gold March Silver Apr. Crude Oil Mar. Bonds March   Euro
    Resistance 3 1269.0 15.65 36.42 169 22/32 1.1124
    Resistance 2 1256.7 15.51 34.95 168 26/32 1.1089
    Resistance 1 1246.4 15.35 34.00 168 1.1061
    Pivot 1234.1 15.21 32.53 167 4/32 1.1026
    Support 1 1223.8 15.05 31.58 166 10/32 1.0998
    Support 2 1211.5 14.91 30.11 165 14/32 1.0963
    Support 3 1201.2 14.75 29.16 164 20/32 1.0935
    Contract May Corn May Wheat May Beans May SoyMeal April Nat Gas
    Resistance 3 371.2 463.3 882.42 267.63 1.92
    Resistance 2 368.8 459.7 878.83 266.57 1.88
    Resistance 1 364.7 456.8 872.17 264.63 1.83
    Pivot 362.3 453.2 868.58 263.57 1.79
    Support 1 358.2 450.3 861.9 261.6 1.7
    Support 2 355.8 446.7 858.33 260.57 1.70
    Support 3 351.7 443.8 851.67 258.63 1.65
    Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
    FriFeb 26 All Day EUR German Prelim CPI m/m 0.6% -0.8%
    2:45am EUR French Consumer Spending m/m 0.6% 0.7%
    EUR French Prelim CPI m/m 0.4% -1.0%
    3:00am EUR Spanish Flash CPI y/y -0.5% -0.3%
    Day 1 ALL G20 Meetings
    Tentative EUR Italian 10-y Bond Auction 1.44|1.4
    8:30am USD Prelim GDP q/q 0.4% 0.7%
    USD Core PCE Price Index m/m 0.1% 0.0%
    USD Goods Trade Balance -61.1B -61.5B
    USD Personal Spending m/m 0.3% 0.0%
    USD Personal Income m/m 0.4% 0.3%
    USD Prelim GDP Price Index q/q 0.8% 0.8%
    10:00am USD Revised UoM Consumer Sentiment 91.1 90.7
    USD Revised UoM Inflation Expectations 2.5%
    10:15am USD FOMC Member Powell Speaks
    1:30pm USD FOMC Member Brainard Speaks

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