Weekly Newsletters, Futures Trading Tips & Insight, Commodity Trading Educational Resources & Much More.
From our friends at Hightower Report
For the USDA prospective plantings report on Friday, the average trade expectation for US soybean plantings is
88.3 million acres, with a range of expectations from 87.4 to 89.6 million. This would be up from 87.5 million last
year. The USDA Outlook Forum had planted area at 87.5 million acres as well.
For the Quarterly Grain Stocks report, US March 1 soybean stocks are expected to come in around 1.728 billion bushels (range 1.600-1.910 billion) versus 1.932 billion last year. Brazil may need to supply up to half of the soybeans that Argentina will import after the worst drought in 100 years devastated its fields and cut 2023 output nearly in half.
Argentina may need to import up to 10 million tonnes of soybeans. For the weekly export sales report, traders see soybean sales near 100,000-600,000 tonnes for old crop and another 50,000-300,000 tonnes for new crop. Meal sales are expected near 75,000-250,000 tonnes and oil sales are expected near zero-20,000 tonnes.
TODAY’S MARKET IDEAS:
Look for support in November Soybeans at 1291 3/4, with 1316 and then 1337 1/2 as key resistance. July Soybean support is at 1443, with 1464 3/4 as next key resistance. July Soybean Meal support is at 447.30, with 459.10 and 465.70 as resistance.
For the USDA planted acreage report on Friday, traders see US corn plantings near 90.9 million acres, 87.7-92.1 range, as compared with 91 million acres from the USDA Outlook forum and from 88.6 million last year. We lean to the higher end of estimates.
Traders see March 1 corn stocks at 7.474 billion bushels which would be the lowest since 2014. The range of estimates is 7.240-7.830, as compared with 7.758 billion last year. For the weekly export sales report, traders see corn sales near 600,000-1.8 million tonnes for old crop and 50,000-300,000 tonnes for new crop.
For the USDA planted acreage report on Friday, traders see all wheat planted area at 48.9 million acres, 45.7-50.0 range, as compared with 49.5 million acres from the USDA Outlook Forum. Spring wheat planted area is expected near 10.9 million acres, 9.8-12.0 range, as compared with 10.8 million acres last year. Winter wheat plantings are expected near 36.3 million acres from 33.3 million in 2022. Traders see wheat stocks as of March 1 at 929 million bushels, 875-1.020 billion range, as compared with stocks last March at 1.029 billion bushels last year. For the weekly export sales report, traders see wheat sales near 125,000-300,000 tons for old crop and 0-150,000 tons for new crop.
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.
for 03-31-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By Mark O’Brien, Senior broker
Tomorrow is GDP – Market moving event.
This Friday is First Notice Day for April gold. Holding long positions in this futures contract into Friday subjects you to receiving a delivery notice from the exchange for 100 ounces of gold. You would then be required to have the full notional value of each 100-ounce futures contract on deposit in your account.
This upcoming event may not apply to any positions in your account this time, but if you ever take a long position in a futures contract where the method of settlement for that contract is the exchange of the actual physical asset, for example 100 ounces of gold, 5,000 bushels of oats, 37,500 pound of Arabica coffee, then you need to be mindful of those dates on the calendar that relate to the futures contracts you trade – Like First Notice Day. It can be a costly mistake even if you overlook an important date and find yourself in need of having to change your mind. After being informed that your account has received a delivery notice and you move to do an about-face – called retendering in futures parlance – the exchange may present you with a fine for your disregard of the calendar. Be careful.
For the grain markets and impact on livestock prices, Friday will mark the once a year prospective plantings report.
For our Grain Traders and Bona Fide Hedgers
This piece of information from one of our partners,
QTMarketCenter ( sign up for a free trial and enjoy plathora of information!)
Offers expectations for Friday’s big and all important USDA Prospective Plantings report and USDA Quarterly Grain Stocks —
Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022
— Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022
— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres. The data will be released Friday, March 31 around 11:00 am CT.
— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres. The data will be released Friday, March 31 around 11:00 am CT.
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.
for 03-30-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Thu, Apr 6, 2023 12:01 PM – 1:00 PM PDT
In this session, we’ll take a look at QT Market Center, a leading trading platform used by hedgers and professional traders world wide.
Mark Bucaro, an ex floor trader will share some of the features and tools QT offers and how you can possibly use it to help your TRADING and HEDGING.
• Pre-Opening Comments for Financials, Metals, Ags, and Softs.
• Cycle Timing Commentary for Grains
• David Hightower daily market analysis
• Market Calendar
• Web based Platform Access, Desktop (Smartphone & Tablet Access included Free) from virtually any computer anywhere there is an internet connection
• Easy to use Point and Click with Multi Screen Capability
• Profitability Cost Calculator – Input your costs and get your profitability results in seconds
• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
• Access Current and 11+ years of Archived USDA Reports,
• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio Charts, & Quotes and more all from one platform – Desktop, Tablet, Smartphone Accessible
• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
• Proprietary Price Counts Price Forecasting Tool
• Chart Overlays
• Seasonal Charts
• Grain Bids Directory with approximately 16,000 bids
SPACE is LIMITED, so reserve your space now!
https://attendee.gotowebinar.com/register/8469154769041356119
Risk: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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.
for 03-29-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By John Thorpe, Senior broker
There are few reports with market-moving potential in the March 27 week for the financials, However, for the grain markets and impact on livestock prices, Friday will mark the once a year prospective plantings report.
The third and final estimate of GDP for the fourth quarter 2022 will be reported at 7:30 CDT on Thursday. With the first quarter 2023 already nearing its end, there is far more interest in economic conditions in the January-March period.
Meanwhile, Fed policymakers will be back in public after the end of the communications blackout period from the March 21-22 FOMC meeting. No comments will be more closely attended to than Vice Chair of Supervision Michael Barr’s appearance before the House Financial Services Committee on Wednesday at 9:00 CDT. Aside from the committee’s posturing, Barr’s written testimony and responses to questioning will be a warning to other banks to clean up their risk management and any overreliance on narrow business sectors.
For our Grain Traders and Bona Fide Hedgers
This piece of information from one of our partners,
Offers expectations for Friday’s big and all important USDA Prospective Plantings report and USDA Quarterly Grain Stocks —
Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022
— Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022
— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres. The data will be released Friday, March 31 around 11:00 am CT.
— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres. The data will be released Friday, March 31 around 11:00 am CT.
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.
for 03-28-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Join our private Facebook group for additional insight into trading and the futures markets!
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Weekly Levels
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
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.
for 03-24-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By John Thorpe, Senior broker
There is little doubt traders will be tightly focused on the FOMC meeting on Tuesday and Wednesday. The release of the meeting statement at 14:00 ET on Wednesday will settle speculation about whether Fed voters will pause interest rate hikes or take rates higher for the eighth meeting in a row. If the Committee raises rates, by how much? Will it be a 25 or 50 basis points?
Powell’s press briefing at 14:30 ET on Wednesday will be the first opportunity for the press to ask of the Fed Chair about recent turmoil in the banking sector. Most of the news became public just as Fed officials entered the communications blackout period for the next rate announcement (midnight, Saturday March 12 through midnight, Thursday, March 23). Unless there was an urgent need to alter the signals previously given about the direction of monetary policy, it is not a topic that Powell would speak about publicly until after the meeting. Powell is likely to get as many questions about the state of the banking industry in the US as he will about the FOMC decision and forecast. My Favorite tool is the CME FedWatch tool.
The bar graphs represent the fed fund futures prices and adjust daily. As of this writing, according to the tool, there is a 28% chance of no change and a 71% chance of .25 increase, although some economists do expect a .50% increase, the market is discounting that faction and focusing on Zero change or a .25 bump. CME FedWatch Tool – CME Group
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.
03-21-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
CME Group invites you to attend an online event focusing on the Micro E-mini futures and options suite on Wednesday, March 22.
Join us as Craig Bewick, Senior Director of Client Development & Sales, and Paul Woolman, Global Head of Equity Products, discuss the trading performance and rise in liquidity of Micro E-mini Equity futures and options. In addition, they will cover recent enhancements to the suite, including the introduction of Micro E-mini S&P MidCap 400 and SmallCap 600 futures as well as the Micro E-mini Monday-Thursday Weekly options.
Follow the link below to register for this online event. Further instructions will be provided following registration.
DATE:
March 22, 2023
TIME:
8:00 a.m. – 9:00 a.m. (CT)
1:00 p.m. – 2:00 p.m. (GMT)
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.
03-17-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Trade June indices as well as June currencies!
By Mark O’Brien, Senior broker
Crude oil futures prices plunged more than $5.50 a barrel intraday today – touching a low of $65.65 (basis April) – to their lowest in more than a year as news that Credit Suisse’s biggest shareholder, Saudi National Bank, said it would not make further investments in the firm, sending the Swiss lender’s stock plunging ±27% and adding to the already extreme turmoil in the banking sector from the collapse of Silicon Valley Bank and Signature Bank last week here in the U.S.
In turn, gold futures prices climbed over 1% intraday with the April contract topping $1,942.50 per ounce intraday, it’s highest price since early February. Conversely, Copper futures lost ±11 cents / pound – over 4% intraday – with the May futures contract touching $3.84 / lb. matching prices from early January and extending a near month-long ±40-cent / $10,000 decline.
Not surprisingly, with the banking sector hitting rough seas this last week, treasuries have once again assumed their safe-haven status with the 30-yr. T-bond futures contract soaring ±10 full basis points ±$10,000 over the last nine trading days to March 3 and sending the benchmark 10-year Treasury note yield tumbling to near 3.5%
Significant volatility looks to be the order of the day for the near term across the major financial futures sectors – stock indexes, interest rates, currencies – as well as metals and energies. Up next, the FOMC meeting this coming Tuesday/Wednesday.
Be Careful out there, 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.
03-16-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Trade June indices as well as June currencies!
By John Thorpe, Senior broker
Or rather the weekend update for March 13th.. No government bailouts!
I bring this to everyone’s attention so you can, for yourself, rather than listen to our available media outlets what the Fed has decided to do and how they plan on addressing any future bank issues. I have also included the FDIC links where Failed Banks will be listed. For now we have two , let’s hope it stays that way..
Mixed signals from a number The US Treasury Department and The Fed over the weekend. (Janet Yellen said no help for the depositors of SVB on Saturday) Fed Reversed.
Here are a few links regarding the eye popping news of Bank Failures.
First from the Fed
Here are the rules for the failed banks
Bank Term Funding Program (federalreserve.gov)
The FDIC is where you can get the most recent updated list and what actions they take. Personally when the appoint a new CEO do your research on these people.
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/
https://www.fdic.gov/news/press-releases/2023/pr23019.html
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/signature-ny.html
Now for CPI! It’s tomorrow!
if CPI core services excluding housing is not also improving, the FOMC will have another reason to hike rates by 50 basis points at the March meeting. If some of the lagged effects of past rate hikes are visible release @ 7:30 CDT Tuesday.
FINAL Demand PPI on Wednesday at , you got it, the same time will move the market although it shouldn’t be Brutal.
Thursday Jobless claims! Same bat time same bat station. Also the ECB Rate decision at 8:15 CDT 45 mins after the jobless claims and housing starts, we finish on ST. Paddy’s day! With a Leading indicators number that may be overshadowed by the previous economic releases. Be Careful out there, Plan your trade and trade your plan!
The March Mini SP resumed its rally into a new high earlier this month but was unable to sustain that renewed momentum now in the correction lower the chart is activated downside PriceCounts and quickly completed the first objective and showing signs of stability for a moment
Hot market above 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!
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.
03-14-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Ahead of NFP this Friday, the below is provided by our friends over at NewSquawk.com
PREVIEW: US nonfarm payrolls (Feb’23) to be released on Friday March 10th at 13:30GMT/08:30EST
Traders will frame the February jobs data in the context of the FOMC’s March 22nd meeting. Chair Powell this week has guided expectations towards a 50bps rate rise at that meeting, and suggested that the FOMC is likely to revise its view of the terminal rate higher.
Accordingly, the bar for further hawkish repricing is higher than the bar for any dovish tweaking to that pricing (the former being likely in the event of an upside surprise, and the latter in the event of a downside surprise).
The reaction will likely be largely premised on the headline and then the wage components. It is also worth noting that expectations for that March meeting will be refined by the CPI data for the month, which is due on March 14th.
EXPECTATIONS: The consensus looks for 203k nonfarm payrolls to be added to the US economy in February (forecast range: 100-325k), with the pace cooling from the 517k added in January. If the consensus is realized, it would be lower than the pace of the 3-, 6- and 12-month averages, at 356k, 349k and 414k respectively. The unemployment rate is expected to be unchanged at 3.4% (range: 3.3-3.5%); the Fed projects that the jobless rate will peak at 4.6% in 2023, although the central bank will update its economic projections at the March 21-22nd confab.
By the way Did you know you can trade EVENT CONTRACTS?
please reach out to your Cannon Trading Inc broker for details.
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.
03-09-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Be ready to trade tomorrow and know what reports are coming and possible implications!
Today we saw a very volatile market with Powell speaking. More to follow tomorrow along with beige book, JOLTS and ADP and if you are an energy trader than you probably already know, its the weekly number that can really move the energy sector.
See full list of the reports below.
By the way Did you know you can trade EVENT CONTRACTS?
please reach out to your Cannon Trading Inc broker for details.
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.
03-08-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
NFP ( non farm payrolls) or unemployment report will not come out tomorrow as it normally does on the first Friday of every month, however keep in mind that the anticipated and volatile ISM report will be out tomorrow right at 10:00 o’clock AM Eastern Time.
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.
03-03-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.
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.
03-02-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By John Thorpe, Senior Broker
Inflation concerns weigh heavily not only on the markets we trade, discussions with our family, friends and neighbors often include the topic of inflation. It’s an inescapable reality in 2023. This weeks anticipated market movers are inflation gauges or data points the FED uses to guide future policy directives.
Tomorrow we have a number of gauges for the markets to absorb and they are all before 10 a.m. EST. Case -Shiller home price index, Chicago PMI, Consumer Confidence and the Richmond Fed Manu Index. All between 9 and 10 a.m..
Wednesday Fed Governor Kashkari at 9 a.m. followed by PMI Manu Final @ 9:45 ISM and construction spending @ 10 a.m.
Thursday Motor Vehicle Sales (look for a slowdown compared to a hot January) and Jobless Claims at 8:30 EST and Productivity and costs. It’s also a heavy week for US Treasury bill note and bond settlements and auctions.
Friday ISM @ 10 EST and a number of fed Governor speeches beginning @ 110:45 EST through the end of the trading week. No Non Farm Payrolls this week!
Historically, the Senate Banking and the House Financial Services committees hold hearings with the FED Chair Twice a year and February is the month these open mike events are held. Not this year. Although when they do schedule the hearings it may be a little more challenging for FED Chair Powell to rely on Post Black out period discussions since this is normally when the Chairman is invited to the congressional hearings-immediately after FED Rate announcements.
The employment situation for February AKA Non Farm Payrolls won’t be released until Friday, March 10. The February survey reference period ended Saturday, February 18. It takes three weeks to prepare the report. What is normally a first Friday of the month release, will therefore be on the second Friday.
https://www.bls.gov/schedule/2023/03_sched.htm
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.
02-28-2023
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.
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Weekly Levels
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
What is the PCE report?
Source Bureau of Economic Analysis (latest release): Measures Change in the price of goods and services purchased by consumers, excluding food and energy; Usual Effect ‘Actual’ greater than ‘Forecast’ is good for currency;
Frequency Released monthly, about 30 days after the month ends;
Next Release Mar 31, 2023 FF Notes Differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals.
Prices are weighted according to total expenditure per item which gives important insights into consumer spending behavior. CPI is released about 10 days earlier and tends to garner most of the attention;
Why Traders Care? It’s the Federal Reserve’s primary inflation measure. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Acro Expand Personal Consumption Expenditures (PCE), Consumer Price Index (CPI);
Would you like to hear the PCE numbers and market reaction LIVE tomorrow? Get a trial of breaking news, text alerts and market insight directly on your trading desktop? Start 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.
02-24-2023
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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.
Join our private Facebook group for additional insight into trading and the futures markets!
GLOBEX CME, ICE Presidents Day Futures Trading Schedule 2023
April Gold Futures Chart
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Weekly Levels
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
President’s Day is this Monday. Below you will see a summary of trading hours, click here for full schedule.
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.
02-16-2023
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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.
By John Thorpe, Senior Broker
Get Ready! not 1, Not 2 not even 3 CPI reports this week. Tis’ the season for western Govt CPI reporting and none more impactful than the US CPI number to be released at 7:30 PST Tuesday Morning. The Swiss did it Monday morning. The Brits are doing it Wednesday morning, The French release on Friday afternoon. Here is Econoday.com’s Consensus for the U.S. number . Remember, Deviations from consensus drive volatility because the assumption is, consensus is already baked into the market.
Outlook
January’s monthly core rate is expected to hold at December’s as-expected and moderate 0.3 percent. Overall prices are expected to rise 0.5 percent to offset December’s 0.1 percent decline. Annual rates, at 6.5 percent overall in December and 5.7 percent for
The core, are expected to moderate to 6.2 and 5.5 percent. These data releases have roiled the markets in near unprecedented fashion recently directly tied to the interest rate tightening cycle we have been in for 3 quarters. The rest of the week we have a full slate of economic releases, anyone of which will move markets, some longer than others. For example US Retail sales and Industrial Production, Thursday Housing Starts, Jobless claims, Philly Fed and US:PPI Final demand. be alert!
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.
02-14-2023
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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.
Join our private Facebook group for additional insight into trading and the futures markets!
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Weekly Levels
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
By John Thorpe, Senior Broker
On an otherwise quiet week for economic releases and the FRB Federal Reserve Bank’s quiet period or Blackout period over, The Fed members are again, free to entertain speaking engagements. If you remember last week, Chairman Powell and the FOMC (Federal Open Market Committee) announced the expected .25 rate hike.
On Tuesday, February 7th @ 12:40p.m. EST, Fed Chair Jerome Powell is slated to appear at the Economic Club of Washington D.C., and may give investors and retail traders a preview of his semi-annual report to Congress later this month. Powell may also update his outlook given the January employment number surprise was released after the FOMC rate decision. Of note, Last Friday marked the halfway mark in the earnings season as 250 of the S&P 500 stocks finished reporting their earnings. Of course we have another leg to go as we turn the corner and look for few ,if any earnings surprises across the board as lowered expectations have been baked into the market already. On the jobs front we do have a jobless claims report, pre market on Thursday at 7:30 a.m. CST. Finally for the week, The President’s State of the Union address is tomorrow night @9 P.M. EST, 8 P.M. CST. Although you should be able to view his speech on any of your favorite news outlets, we don’t expect any market changing announcements of substance. Be on the ball if there is.
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.
02-07-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Join our private Facebook group for additional insight into trading and the futures markets!
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Weekly Levels
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
Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?
Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
In this week’s newsletter we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using Bolinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.
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.
02-03-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Tomorrow is Wednesday, the first trading day in February 2023 as well as FOMC day.
To add some fuel to the fire, we will have ADP, JOLTS and ISM PMI earlier in the day as well as crude oil numbers!!
Busy day to say the least……
The market is expecting a hike of 25 basis points.
4111 is a MAJOR resistance level for the March SP 500.
Trading on FOMC days
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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 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!!
A Cannon broker will be able to assist, provide feedback and answer any questions.
Chart below 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!
The July -Dec Corn spread is extending it’s rally into new highs where the chart is taking aim at its first upside priceCount objective near 92 cents. Curious about spreads? Read more here.
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.
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.
for 02-01-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By John Thorpe, Senior Broker
A week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. Markets have been veering recently on worries that the economy and corporate profits may be set for a steep drop-off, along with competing hopes that cooling inflation will get the Federal Reserve to take it easier on interest rates.
The central bank’s next decision on rates is coming Wednesday, and most investors expect it to announce an increase of just 0.25 percentage points. That would be the smallest increase since March, following a spate of hikes of 0.75 points and then a 0.50-point increase, and it would mean less added pressure on the economy. The big question is whether Fed Chair Jerome Powell on Wednesday afternoon will give markets what they want to hear — hints that rate hikes will end soon and rate cuts may even be possible late this year — or stick to the Fed’s mantra that it plans to keep rates higher for longer, even if a modest recession hits.
Central Banks for the U.K. and Europe are also set to announce the latest increases this week. In addition more than 100 companies are scheduled to announce this week , Tech heavy’s Apple, Amazon and Alphabet to name a few and weight the S&P 500 Index the heaviest at weeks end we have Non Farm Payrolls whose expectations are characterized here at www.econoday.com Released On 2/3/2023 8:30:00 AM For Jan, 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.
for 01-31-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Join our private Facebook group for additional insight into trading and the futures markets!
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Weekly Levels
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
Core PCE tomorrow. While not expected to move the markets like PPI and CPI, we still may see some volatility.
Personal income is expected to edge 0.2 percent higher in December with consumption expenditures expected to decrease 0.1 percent. These would compare with respective November gains of 0.4 and 0.1 percent. PCE inflation readings for December are expected at no change overall and up 0.3 percent for the core (versus respective gains of 0.1 and 0.2 percent) for annual rates of 5.0 and 4.4 percent (versus November’s 5.5 and 4.7 percent).
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.
for 01-27-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
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.
for 01-26-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Join our private Facebook group for additional insight into trading and the futures markets!
Make it a great 2023! Stay disciplined, educate yourself and utilize our FREE valuable resources.
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Weekly Levels
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
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.
for 01-19-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Here is a link of a video I took last week during CPI that shows the “vacuum” and much lower liquidity traders need to be aware of.
Trading Resource of the Week – “Trading Around Key Economic Reports” FREE Course
In this “Trading Around Key Economic Reports” FREE Course you will learn:
· What is CPI?
· 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
Expand Your Trading Knowledge 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.
for 01-18-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Join our private Facebook group for additional insight into trading and the futures markets!
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Weekly Levels
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
By Mark O’Brien, Senior Broker
“I don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not,” Jerome H. Powell, the Fed chair, said during his FOMC news conference back in mid-December. “It’s not knowable.”
And with this in mind, it’s not far-fetched to expect the markets that have been most disrupted in recent years will to continue to ricochet in 2023.
Policymakers will continue to try to guess what lies ahead and they’ll continue to make predictions by looking at historical data, which has always been critical to those who make those predictions. Flying in the face of that approach is that over the last three years – roughly the duration of the pandemic – the past is proving anything but a reliable guide.
The economy rebounded from the hit it incurred at the onset of the coronavirus – faster and stronger than expected. Then, shortages of goods collided with strong demand and fueled a burst in inflation, one that has been both more extreme and more stubborn than anticipated.
Now, we have a year in which the Federal Reserve raised interest rates at the fastest pace since the 1980’s – in their efforts to slow growth and bring those rapid price increases back under control. The war in Ukraine has and will almost certainly continue to impact energy and grain prices. And with China’s Covid policy charting an unclear future for the world’s second largest economy, the future is still extraordinarily uncertain.
Will the Fed’s policies spur a recession? Or, will the economy gently cool down, taming high inflation in the process? How will commodity prices react? Commodities futures traders, Central bankers, economists, the current administration’s officials all will be trying to guess what might lie ahead for the economy in 2023.
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.
for 01-05-2023
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
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.
Join our private Facebook group for additional insight into trading and the futures markets!
Weekly Levels
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
From the CME Globex Control Center, executive summary:
Fri. Dec. 30 = ALL NORMAL closes
Mon. Jan. 2 – DAY = ALL GLOBEX CLOSED
Mon. Jan. 2 – EVENING = NORMAL opening and pre-opening for all,
(except grains and livestock = pre-open and open on Tues. morning)
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.
for 12-30-2022
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.
Busy day tomorrow: Existing home sales @9:00 am CDT
Consumer Confidence @ 9 AM CDT as well
Energy numbers at 9:30 AM central.
If you like to trial audio news service, we have special pricing and offer for Cannon’s clients and prospects!
The equivalent of a financial police radio, TradeTheNews.com covers economic numbers, interest rate decisions, stock up/down grades, rumors, central banker speak, energy news, terrorism, geopolitical developments and natural disasters in real-time.
Christmas 2022 Trading Schedule
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
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.
for 12-21-2022
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
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.
By John Thorpe, Senior Broker
A full week of trading!
Before I get into the market moving events for the week I would be remiss if I didn’t mention holiday light volume going into this weekends 3 day weekend. The best times to trade will be around the openings and closings while sprinkling in a few post report time frames.
The Housing market and GDP highlight this weeks market movers. Tuesday 7:30 am CST Housing Starts. Wednesday Existing home sales @9:00 am CST And Friday , same time New Home Sales.
Smattered in between we have Consumer Confidence On Wed @ 9 AM CDT , GDP on Thursday @ 7:30 CDT PREMARKET, this should be a big mover if it’s off the mark. Friday two more premarket numbers that could create the last volatility for the day and exhaust the energy for the week in the equity markets, they are Durable goods orders and personal income both at 7:30 CDT and will give the FED more information relative to efficacy of their current fed policy objectives.
Christmas 2022 Trading Schedule
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
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.
for 12-19-2022
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.
Join our private Facebook group for additional insight into trading and the futures markets!
Weekly Levels
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
ROLL to MARCH 2023 equity contracts as we are seeing more volume in the March Contracts than in the December ones the symbol for March is H so a micro e-mini S&P contract will be MESH23. Thursday we get Jobless claims, Retail sales and Industrial production.
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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 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!!
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.
for 12-14-2022
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
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.
By John Thorpe, Senior Broker
A Volatile week ahead.. CPI, FOMC, and Thursday, a number of market movers : Take Note: this is Rollover week for the Equities!
The Consumer Price Index release has been a boom or bust for many accounts and there are very few reasons to expect the November reading to create any less price movement in the Equities, Interest rate products, Currencies and Precious metals markets. 12/13, tomorrow morning at 7:30 CST sharp this report will be released! Year over Year CPI is expected to be tempered a little and come in @ 7.3% compared to 7.7% last month. Remember expectations are baked into current futures prices. FOMC meets this week and will announce it’s final fed funds policy move for 2022. The rate decision will be on 12/14 Wednesday at 1 P.M. CDT promptly and the news conference with Fed Chair Jerome Powell at 1:30 P.M. CDT to follow. ROLL to MARCH 2023 equity contracts as today is the first day we are seeing more volume in the March Contracts than in the December ones the symbol for March is H so a micro e-mini S&P contract will be MESH23. Thursday we get Jobless claims, Retail sales and Industrial production.
I recommend the sideline tomorrow morning at 5:30 CDT and at 11:30 CDT on Wednesday for the CPI and FOMC numbers. We/you can’t determine the strength of the initial move then the capitulation with any certainty at all during these events. As always , 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.
for 12-13-2022
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
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.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours
The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours
The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.
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.
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
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.
By John Thorpe, Senior Broker
Fed refers to it as a “Blackout Period.”
Federal Reserve policy limits the extent to which FOMC participants and staff can speak publicly or grant interviews during Federal Reserve blackout periods, which begin the second Saturday preceding a Federal Open Market Committee (FOMC) meeting and end the Thursday following a meeting.
The current “Blackout Period” is December 3rd through December 15th.
Of particular note this week, Pay attention to Jobless Claims on Thursday and Price Index PPI Final Demand on Friday. Both reports will be disseminated @ 7:30 CST pre equity market open, as usual. Keep your trading journal up to date; 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.
for 12-06-2022
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
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.
NFP – Non farm Payrolls tomorrow. This is a market moving economic reports and the last few months we have seen some very SHARP moves right around the number. Be prepared!
Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.
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.
for 12-02-2022
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
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.
By John Thorpe, Senior Broker
You’ll often hear us say ‘plan your trade and trade your plan’.
I’ll add to that “and keep a detailed Trading Journal or Trading Diary”.
There are a number of important ways you can develop as a trader by documenting and reviewing your daily trading activity.
Date and time
Position size ( in notional value relative to your account size)
Details of the transaction, Long or Short, entry price, risk management used (stop, option or spread) trade outcome. Keep notes of specific market behavior during times like holiday trading, specific reports ( CPI, NFP etc.)
Record your why, your rationale for the trade. Record your emotional state (well rested, anxious, excited) Was it a busy day?, did you monitor the trade?, did you go to the gym?, did you leave for a few hours? Why did you close the trade? Did you get nervous? Was the market beginning to change complexion?
Setting aside time to review your journal once a week is highly recommended to gain the maximum use out of the experience. A trading journal or Trading Diary is not just about the initial documentation, but the review is what will create a better understanding of triggers, both good and bad that you can learn from and improve your trading strategy for years to come.
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.
for 11-29-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Could be a busy, volatile day tomorrow ahead of Thanksgiving!
We have a day full of reports!
Home sales, Flash services PMI.
Both crude oil and natural gas numbers tomorrow. Crude as usual at 9:30 AM central and natural gas at 11 AM central.
FOMC Minutes as well.
Make sure you are aware of the trading schedule for the markets you trade! Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed Thursday and short hours Friday.
Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. we will continue to post the exchange hours throughout the week. Blessings to all.
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.
for 11-23-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
A National Day of Thanks!
For those who enjoy the history of any day or event I’ve included a historical highlight from history.house.gov of the national Thanksgiving holiday from George Washington’s Proclamation Nov. 26, 1789 through a House of representatives bill, signed into law in December of 1941 as a national day of thanks. https://history.house.gov/Historical-Highlights/1901-1950/The-Thanksgiving-holiday/
During this week, volume tends to trickle compared to no holiday weekday trading. ES volume today was about 60% of the volume last Monday.
Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed both Thursday and Friday.
Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. we will continue to post the exchange hours throughout the week. Blessings to all.
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.
for 11-22-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
When looking at a level II Depth of Market D.O.M. display we see the bids and offers 10 deep on either side of the market. This used to be tradeable information until the Algorithms started to become more prevalent around 2008-9 and created a less transparent, meaningful order book. Orders or rather, Bids and Offers would be cancelled and replaced making it difficult to see where the aggression was playing out giving the trader a clear as mud picture of price direction. Footprints reveal Points of Control P.O.C. ( highest volume price levels within the time frame bar) and can provide an area of decision making separate or in conjunction with S & R levels, Fib levels or similar areas of probability. Footprint charts, when mastered can reveal order book imbalances , Buy or Sell imbalances and give you, the trader the ability to identify your side of the market as you always want to buy with more aggressive bidders and sell with more aggressive offers.
Using Footprint charts may aid in trade management.
Cannon offers several trading platforms that offer unique insight into order flow, footprints, market profile and MORE!
Demos are available for the platforms below:
and a few others.
A Cannon broker will be able to assist, provide feedback and help you evaluate.
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.
for 11-18-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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 may again be on the March.
By John Thorpe, Senior Broker
Recently we have had a bit of a breakout in the spot gold contract prices traded through our platforms and the CME/Nymex. The contract is a 100 troy oz deliverable contract GCZ22. There are also , smaller sized contracts, Micro’s MGCZ22 10 troy ounces and Mini’s QOZ22 50 troy ounces Financially settled. These contracts offer not only a great day trading tool but also a wonderful way to control an interest in a tangible asset class. Much has been, currently is and will continue to be written about Gold as a hedge during times of uncertainty. How prices will move as an effect of whatever the cause will always be open for debate.
From Executive order 6102 signed in 1933, President Franklin Roosevelt forbid the hoarding of gold coin, bullion and certificates to the initiation of the gold standard from the 1944 Bretton Woods agreement, to Nixon’s “temporary” suspension of the dollar’s convertibility into gold in 1972, Global Governmental policy has often interceded in the convertibility of the U.S. Dollar and the value of gold in the past 100 + years. Wherever the price of gold has been or where it is currently headed, there is no doubt that it remains a valuable asset class of it’s own so it does bear to watch the price closely as it appears to be breaking from a long slumber. In the short run I see Dec 22 and Feb 23 gold prices needing to test lower levels around 1738 1744 respectively, before this market, if a breakout is in the cards, will develop into a true upside breakout and in fact, will test multi year highs. Personally, I believe the fundamentals aren’t quite right for a big move from here, but the technical indicators certainly are screaming “look at me”, for now I will watch and wait.
Daily chart for your review below.
Plan your trade and trade your plan.
Daily Gold Futures Chart
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.
for 11-15-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
11-14-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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
By Mark O’Brien, Senior Broker
To the extent that the futures markets are taking cues from the results of yesterday’s U.S. mid-term elections, the wait will continue. As had been widely believed, Election Day did not translate to Results Day. A number of key Senate races remain uncalled – including contests in Nevada and Arizona as well as in Georgia which will go to a runoff. The shape of the House also remains uncertain.
A few notable firsts:
Looking beyond this, it looks like the heightened volatility in stocks and the majority of other futures sectors is here for the long run. You’re seeing big price swings due to factors like the war in Ukraine, elevated oil prices, residual supply chain issues, historically elevated grain & food prices and global central banks’ efforts to tame inflation, just to name some of the more influential forces. We’ll be apprised yet again of the inflation situation here in the U.S. with tomorrow’s release of the Bureau of Labor Statistics’ Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services (7:30 A.M., Central Time). Due to the Veterans’ Day holiday this Friday, we’ll need to wait ‘til the following Tuesday for the corresponding Producer Price Index.
Metals notes:
Dec. Silver traded to 5-month highs yesterday trading a up to $21.72 intraday, off a ±$1.44 ($7,200) move up last Friday. Since then, Dec. gold has increased ±$90/ounce ($9,000) to above $1,700/ounce after posting 19-month lows on Nov. 3.
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.
for 11-10-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
The simple answer is: No. Clearly, markets need certainty to thrive. Volatility heats up when monetary and fiscal policy uncertainty peak. A National election is an opportunity for the equity markets to react to potential outcomes before, during, and after the election. Behaving just as markets do prior to a FED rate announcement. Market reactions have been historically varied during midterm elections. Currently, several outlets are reporting the least likely election outcome is for Democrats to retain control of the National Government levers. Conversely, the same outlets are calling for a divided government, and will most likely be the outcome of today’s voting. One party controls the House of Representatives and the other controls the Senate. An outcome other than this will roil the markets. A word of caution to not over extend/over-leverage as the results come in after the first polls close on the East coast. Reduce position size if you are trading and be vigilant. “Survive to Trae Another Day”!
Plan your trade and trade your plan.
https://attendee.gotowebinar.com/register/8624681785028468236
In this webinar you will learn and see live examples:
• Proprietary Price Counts Price Forecasting Tool
• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio
• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
• Access Current and 11+ years of Archived USDA Reports,
SPACE is LIMITED, so reserve your space now!
https://attendee.gotowebinar.com/register/8624681785028468236
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.
for 11-09-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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 next big scheduled event: this Friday’s monthly Non-farm payrolls report from the U.S. Labor Department.
If you’re a futures trader and your markets of choice to trade include stock indexes (S&P 500, Nasdaq, Dow Jones, Russell 2000, etc.), or treasuries (30-yr. T-bonds, 2-, 5-, 10-yr. T-notes), currencies, even metals and energies, you know the importance this report. It’s widely considered one of the most important and influential measures of the U.S. economy.
To convey its findings, 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 and domestic household employees and non-profit organization employees). The report also includes other detailed employment 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. The report is released at 7:30 A.M., Central Time.
Please BE AWARE on how this report affects liquidity, stops, volatility and more.
Please review the information HERE.
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.
for 11-04-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
Trading futures Options may be more suitable for your account’s well being when you are right about the direction of the asset, but incorrect about the timing of the move. Through options, you are literally buying time and value if they are in the money at expiration.
An option on a futures contract is the right, but not the obligation, to buy or sell the underlying futures contract at a predetermined price on or before a given date in the future.
Option Benefits
Below is a roughly 1 hour course produced by the CME titled:
Please click the link to access this Free course
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.
for 11-03-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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 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.
for 11-01-2022
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.
iSystems is a trading platform that allows you the investor/trader to browse and view performance from over 1000 professionally designed systems.
You can browse statistics, performance, logic and much more.
A series 3 professional broker is here to assist you if you would like to evaluate any specific systems and even better how to create a diversified portfolio based on your risk profile and capital.
The capital requirements for each ALGO range from just $1300.00 to $25,000.00 You can choose between day trading ALGOs and swing trading ALGOs.
Here are some systems for your review ( click on each one below to see LIVE trading performance, backtesting and more!)!
Browse our iSystems menu here
Please read FULL DISCLAIMER 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.
for 10-28-2022
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.
by Mark O’Brien, Senior Broker
Please be aware of the potential for the market you’re trading to react suddenly and forcefully in terms of price change. The most common catalyst is one typically staring right at you on your calendar of government and private reports. “Core” economic reports likely take center stage for stock indexes and treasuries. Currently that list includes measurements on the U.S. employment rate, inflation (CPI, PPI) business and consumer confidence and the like. Markets closely tied to the global economy like crude oil and its products, precious metals (gold & silver), industrial metals (copper, platinum) and currencies also react to U.S. reports. The U.S. is well on through its grain harvesting season when regional yields are being closely monitored and compiled to produce the totals that will be combined with the rest of the world’s production. At the same time, important southern hemisphere crops – particularly in South America – are just developing and estimates on their contribution to the world’s grain demands are being watched by the “big three” futures contracts on the CBOT: corn, wheat and soybeans.
Micro NQ 10 seconds Chart
Please register for QT Market Center – Price Counts Forecasting & Professional Trading Tools on Nov 9, 2022 11:01 AM PST at:
https://attendee.gotowebinar.com/register/8624681785028468236
In this webinar you will learn and see live examples:
• Proprietary Price Counts Price Forecasting Tool
• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio
• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
• Access Current and 11+ years of Archived USDA Reports,
SPACE is LIMITED, so reserve your space now!
https://attendee.gotowebinar.com/register/8624681785028468236
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.
for 10-27-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
10-24-2022
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 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
By Mark O’Brien, Senior Broker
Financials: for the third time in as many Federal Open Market Committee meetings, the twelve voting members unanimously approved a 0.75% rate increase for the benchmark federal funds rate – the overnight rate on lending between banks. With this the fifth consecutive rate increase from near 0% in March and the steepest rise since the 1980’s, not since 2008 has the fed. funds rate been set to this level. With two more FOMC meetings scheduled for the remainder of the year, the full 19-member committee signaled fed. funds are projected to continue their upward trajectory with 4.25% to 4.50% the expected target by year’s end.
The Federal Reserve also announced a program of reducing stimulus by shrinking its $8.8 trillion asset portfolio through attrition. As debt securities mature – to the tune of ±$95 billion a month – the Fed reduces its holdings by up to $95 billion a month.
Of course, all this is the Federal Reserve’s effort to quell inflation, the annual forecast of which officials revised up for the third time to 4.5% (core rate). “Inflation is running too hot. You don’t need to know much more than that,” said FOMC chairman Jerome Powell in his post-announcement news conference.
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.
09-22-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Dear Traders,
Yesterday we hosted a very interesting webinar with Bookmap about order flow, buy and sell zones, liquidity of large orders and MUCH MORE.
On a personal level I really enjoyed the information as I am the type of guy who has been looking at indicators/ volume charts, range bar charts and probably many of the things that many of futures traders are used to. The data and information shared yesterday during live market hours with forward thinking analysis was very interesting to me and I will do more homework on the topic.
If you did not attend the webinar and would like to see a recording, CLICK 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.
9-24-2021
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.
Dear Traders,
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.
7-22-2021
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 the 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.
Dear Traders,
7-20-2021
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.
Dear Traders,
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7-19-2021
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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.
Dear Traders,
7-16-2021
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.
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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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.
12-14-2020
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.
Don’t look now, the S&P Futures market is almost 40 years old! Prepare the over the hill jokes. On April 20th 1982, following winning a lawsuit to prevent the opening, regulators at the CFTC and SEC agreed to allow the contract, with the condition that it be settled using cash instead of delivering stocks. This was a revolution to the Commodity Sector, which was founded on delivering physical commodities like Live Cattle, Soy Beans and Silver. The move was expected to begin the merge between the equity and commodity sectors.
On April 21st 1982 at the CME “The Spoos” began trading futures based off the S&P 500 stock market index. Using 500 broad ranged stocks, S&P 500 Futures has since become the gauge for the economy. According to the April 22nd edition of the New York Times, “Indeed, the first trade was executed by a prominent gold trader, Maury A. Kravitz, who said he bought a contract for a client with a substantial stock portfolio. The seller was another floor trader, George I. Segal, who normally trades frozen pork bellies futures. Mr. Segal also said he was trading for a client with a large stock holding.” In the same year Paul Volcker and the Federal Reserve increased interest rates to nearly 20% successfully curbing inflation that kept the market suppressed since the late 1960s highs. The opening price was 116.35 and traded at $500 a point with a 1.5-point range. There were almost 4,000 contracts traded the first day. The notional value was about $58,500 and $3,200 margin.
In September 1997 S&P 500 Futures got its license to drive; opening on the online trading roads called GLOBEX. S&P Futures split in half making it $250 a point (moving to tenths from twentieths) while creating the E-mini (ES) 1/5 size contracts. The E-mini is traded exclusively on GLOBEX in quarter point increments allowing for the first time -traders to place their own trades instead of having to call it down to the floor. In 1998 the market closed over $1,000 for the first time. The volume was about 100,000 per day and the Notional value was $250,000 for the full size and $50,000 ES. The margin was about $5,000 per contract for the ES.
In May 2019 the ES E-mini S&P Futures at 37 years old had offspring of its own when the CME launched Micro Futures on the ES. The Micro ES, symbol MES, is 1/10 the size of the ES and 1/50 the size of the full size and 1/100 of the original contract. The original S&P Futures have all been but phased out with the closing of the physical pit a few years ago. The E-mini (ES)- now becoming known as the new “standard-size” S&P, is trading over price 3,300 making a nominal value of $165,000 per contract. This is 3x the size of the original futures contract’s nominal value while using the contract that was 1/10 of the size, using the $500 per point vs the $50 per point. Comparing apples to apples; the nominal value would have grown from $58,500 to $1,650,000 per contract. The volume is typically between 1 million and 2 million contracts traded per day and the margin is currently $7,290 for the ES contract, with many Brokers offering $500 day margins. If the cycle continues, the MES Micro ES futures will grow in size and who knows might become “standard- size” one day.
Celebrate the evolution by registering for a free Demo below to try the New Micro S&P Futures.
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
By Matt Kang, Senior Broker
FOREX (foreign exchange market or currency market) refers to an international exchange market where currencies(pairs) are bought and sold. For instance, EUR/USD, GBP/USD, AUD/USD and more. If you are trading forex, you can hold your positions as long as you want because it doesn’t have any expiration date. But there is a cost associated with keeping the position over night, it can either be a credit or debit depending on the interest difference between two countries.
Currency futures are in one currency such as EURO FX or Canadian Dollar. Unlike FOREX, there is an expiration date which means you can only hold the position until that time. For example, if you are trading Mexican Peso and South African Rand but carry the position after the expiration date, these currencies are physically delivered four times in a year on the third Wednesday of March, June, September, and December.
Liquidity and Centralized Market?
The FOREX market is the largest and most liquid market in the world. There is no centralized location for FOREX, which means there is no one physical location which is supervising this market. Therefore, traders must check the quotes of various currency pairs from each dealer.
The currency futures market has a respectable daily average closer to $100 billion. Compared to the 4 trillion FOREX daily volume. Currency futures are not as liquid as forex, but sufficient enough to trade. Currency futures are a centralized market, and one key aspect of centralized markets is that all traders and investors are able to see same quotes and the existence of a clearing house, it guarantees the integrity of the transactions. The resulting benefit of reduced risk from not dealing with variable counterparties is a key aspect of this.
Cost of Trading and Commission?
Some people say “I trade FOREX because there is no exchange, no regulatory fees and no commissions” but it is not true. If you trade currency futures, you will see all of these fees exist, such as NFA fees, exchange fees and commission fees. It will cost around $5-8 (buy and sell) for a self-directed account. If you are trading FOREX, then all of these fees are included in a bid/ask spread. A typical spread for EUR/USD is 1.2 pips which is equivalent to $12.
So Should I Trade FOREX or Currency Futures?
For the average investor who trades an account of $2,500 to $500,000 it is probably wiser, and more cost effective to trade Currency futures. The cost of trading will be lowest with this amount of funding and the roll-over rate will not dramatically impact your trading.
If you are working with very little money ($250 to $2,000) OR trading with more than $1 million OR trading some exotic pairs, then you will be better off with FOREX because it offers mini as well as micro trading sizes. Also, if you are investing over $1 million, then it is possible to earn interest and lower spread (fees).
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 Options Writing
Have you ever wondered who sells the futures options that most people buy? These people are known as the option writers/sellers. Their sole objective is to collect the premium paid by the option buyer. Option writing can also be used for hedging purposes and reducing risk. An option writer has the exact opposite to gain as the option buyer. The writer has unlimited risk and a limited profit potential, which is the premium of the option minus commissions. When writing naked futures options your risk is unlimited, without the use of stops. This is why we recommend exiting positions once a market trades through an area you perceived as strong support or resistance. So why would anyone want to write an option? Here are a few reasons:
https://www.cannontrading.com/tools/education-futures-options-trading-101
Cannon offers SPAN margins for options sellers.
Many brokers will restrict or increase the margins required for options sellers, or traders who like to “collect premium”, but here at Cannon we can find you the best set up utilizing the multiple clearing arrangements we have with more than a few FCMs.
How much margin is required to sell a futures option?
That is a question we get asked often. The exact number is an output of SPAN margins. SPAN deserves a post on its own, but what it stands for is: Standard Portfolio Analysis of Risk. The formula takes into consideration volatility, time value, distance of strike price from current underlying future, and more.
Outright options may be easier to “guesstimate” margin than more complex strategies and spreads, but our free platform, E-Futures Int’l (https://www.cannontrading.com/software/e-futures-international )has a margin calculator built in so you can calculate the margin you will need for different strategies.
Commission for selling options on futures?
Commissions will vary based on the following:
Are you trading online or with a broker?
Trading volume
Account size
Risk responsibility.
The rates for selling options will vary from as low as $0.25 per side + fees for HIGH VOLUME, institutional accounts to $30 per side + fees for retail, broker assisted accounts.
Selling options is NOT for newcomers as it involves higher risk than buying options.
However, selling options and trading option spreads may offer an edge if done with proper risk management. No guarantees are made here.
Our strength at Cannon is our ability to offer CUSTOMIZED trading solutions, so contact a broker at:
https://www.cannontrading.com/company/contact
and learn more about risks and opportunities in futures trading (https://www.cannontrading.com/riskopportunity), what software you can use, consult with a broker on margin, commissions and strategy questions and much more!
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.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
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
06-13-2019
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.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
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
06-07-2019
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.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
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
06-06-2019
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.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
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
06-05-2019
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.
______________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
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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
06-03-2019
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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.
If you are new to investing, you probably started with or have experience in stocks. Stocks are an excellent way to gain experience in investing, and grow your investment portfolio. With your newly gained experience, you may be ready to take on some more sophisticated asset classes, such as commodities which can often be more complicated and more risky, but yield a much higher return. At Cannon Trading, we will walk you through everything you need to know about how to invest in commodities effectively for the highest overall return, and pair you with your own professional broker to achieve your trading goals.
If we are going to learn how to invest in commodities, first, let’s begin by defining what a commodity is. A commodity is defined as a select group of basic goods in demand all across the globe. This includes harvested goods such as wheat, corn and flour, as well as energy sources and metals such as oil, gas, gold and aluminum. Since it is such a vast category, commodities are divided into two groups: hard and soft. Hard commodities such as metals and gas require mining or drilling while soft commodities are things that are grown and require harvesting. These commodities are global, and as such, is a good idea to invest in them. Since these are global assets, people often don’t care, or don’t think about where they come from, or if there is any brand name attached to it making it wise to invest in commodities.
Beginning in the 1800’s, finding a trader willing to take a position in a forward contract was an easy task, but much more difficult to find a trader at the time of contract settlement. As a result, the Chicago Board of Trade created futures contracts. The objective of futures contracts is to minimize the risk of fluctuating prices by putting up and maintaining fixed original margins. When investing in commodities, this fixed pricing is vital. Commodities trading began shortly after with the trading of agricultural goods. As the market place expanded, it began to involve financial contracts such as government backed securities, foreign currency, metals, energies, and more. With these resources being naturally occurring, investing in commodities may seem like a safe option. However, it is this trait that makes them prone to supply and demand, and the risk control became necessary for farmers.
This is where learning how to invest in commodities becomes risky. Commodities are naturally occuring, making investing in them an often volatile practice due to the nature of supply and demand. Depending on the individual product’s relationship with supply and demand will make investing in some commodities more risky than others. For example, a bountiful harvest of wheat crops in a season will increase our supply of wheat causing its price to fall. However, in the event of a naturally occurring threat such as a drought or flood, prices of wheat may go up for lack of future supplies. How can you choose which commodity to invest in? It is important to note that some commodities are more volatile than others. At certain times, hard commodities like gold can be less volatile than soft commodities like wheat or corn, and other times the opposite is true. When learning how to invest in commodities, it helps to imagine which commodity will be more consistent, and which will involve a higher risk/reward ratio when basing your decision.
When learning how to invest in commodities, it is important to know your options. Given commodities are mostly physical goods, there are several options you can take. The first is investing this your commodity directly by buying the actual physical product. You can also buy shares of stock in companies producing your commodity or exchange-traded funds specializing in your commodity. If you are looking for an alternative, you may want to look into a futures contract. A commodities futures contract specifically is an agreement between a buyer or end user and a seller to make or take delivery of a commodity at an agreed upon price at a designated date. A futures contract will help to mitigate unforeseen fluctuation in the value of commodities and ensure that the transaction is honored by all those involved.
Any successful financial portfolio requires diversification. Your financial portfolio should be filled with diverse asset classes and commodities that will react differently to the financial world around them. Investing solely in soft commodities in one area may lead to financial hardship in the event of a low supply yield. Investing in solely hard commodities such as gold and crude oil can be cumbersome and hinder your diversification. Cannon Trading offers more information and helpful resources on how to invest in commodities. You and your broker will work together to achieve your trading goals and grow your portfolio. You will also have access to tools and valuable market information to help you begin diversifying your portfolio with valuable commodities. In an impersonal world, having a good relationship with a high quality broker can make all the difference.
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. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
When we talk about the available commodities tradings markets, we tend to group them into categories or sectors or asset classes based on their likeness and similarity.
Below we’ll highlight the main asset classes, include some of the more well-known commodity trading futures contracts as examples as well as some other information useful for traders.
Currencies: With all the different types of currency being exchanged in this world as a means of making transactions, some are so widely used – and trusted – there are also available specific currency futures contracts as a means of trading large blocs of that particular currency. Some of the more prominent futures contracts are the Euro (equal to trading €12,500), the Japanese Yen (equal to trading ¥12,500,000) and the British Pound (equal to trading £62,500). Other important currency futures contracts include the Swiss Franc, Australian & Canadian dollars and Mexican Peso. These markets are traded on the Chicago Mercantile Exchange 23 hours a day, from 5:00 P.M. around the clock to 4:00 P.M, Central Time.
Energies: While there are hundreds and hundreds of energy futures contracts listed on the NYMEX exchange – sub-categorized under asset classes like coal, electricity, ethanol, crude oil, natural gas and refined products – hands down the all-time trading leaders in terms of daily volume number just five: West Texas Crude Oil, Brent Crude Oil, Reformulated Unleaded Gas, Henry Hub Natural Gas and Ultra-Low Sulphur Diesel, more commonly known as Heating Oil. Like all futures contracts, energy futures are leveraged products. For example, one Crude Oil futures contract controls 1,000 barrels of the product. Energy products influence every facet of our lives. Not surprisingly, they are some of the most widely traded futures contracts in the world.
Financials: Financial Futures are associated with those futures contracts whose underlying assets are interest-bearing instruments. Those traded on U.S. exchanges include futures contracts whose underlying assets have longer-term maturities, like the 30-yr. Treasury Bond and the 10-yr. Treasury Note (traded on the Chicago Board of Trade). Futures contracts whose underlying assets have short-term maturities include the Eurodollar (90 days), traded on the Chicago Mercantile Exchange. Its underlying asset is a 90-day deposit of 1 million U.S. dollars in banks outside the United States – in Europe, Tokyo or Beijing. The Eurodollar is largest futures contract in the world. Prior to the electronic trading, the Eurodollar trading pit at “the Merc” was the largest trading pit ever, nearly the size of a football field.
Metals: Futures contracts whose underlying assets are certain metals include Gold, Silver, Copper, Platinum and Palladium, all traded on the COMEX Exchange. As was the case as far back as 4,000 B.C. – the age of the oldest-known adorned artifacts – gold still takes the top prize in terms of futures market trading interest. These days, apart from its intrinsic value, gold’s attractiveness is also derived from its standing as a “safe haven” asset, as well as an inflation hedge. Given the nick name “Dr. Copper,” for its honorary degree in economics, the Copper futures contract’s underlying asset is 250,000 pounds of the metal first used by humans. It’s so widely used – being a good conductor of electricity, attractive for a wide range industrial applications and relatively inexpensive compared to other metals – its futures contract’s price is seen as a global economic indicator.
Grains: Of all the futures contracts traded on U.S. exchanges whose underlying assets are tangible commodities, as opposed to those that are “cash settled” (more on those later), grain futures are the hallmark asset class. It was this commodities trading that spurred the creation of a central marketplace; farmers and buyers could sell and buy corn under established procedures for weighing and grading their crops. As farmers and buyers began making early-year commitments to conduct transactions later in the crop year, the futures contracts as we know them evolved. Agreed-upon contracts could now change hands before the agreed-upon date with and between other participants- essentially during the entire crop year. Today, wheat, corn, oats, soybeans and its main by-products soybean oil and soybean meal are enormous markets. And with the vicissitudes of weather (temperature, precipitation) and its effects on crop quality being a major factor in determining prices, grain futures can be some of the most volatile markets traded today.
Meats: Alas, when we talk about livestock futures, the one contract widely considered the iconic commodity in popular culture – Pork Bellies – is now a distant memory. Delisted in 2011, in its hey days in the late ‘70’s and early 80’s the “bellies” pit was the center of excitement on the Chicago Mercantile Exchange. Today, Lean Hogs is the futures contract for the pork trader. For beef interests, Live Cattle and Feeder Cattle trade.
Indices: Some of the more heavily traded futures contracts among speculative traders are stock index futures contracts and not surprisingly. Among all subjects financial in nature we think of in the world, stock indexes like the Dow Jones Industrial Average, the S&P 500 and Nasdaq Composite – and the stocks that make them – are the most often discussed, analyzed and reported on. Oddly, stock index futures were a rather late arrival, with the S&P 500 and Nasdaq futures contracts first introduced in 1982. It wasn’t until 1997, in the interest of increasing accessibility through a reduced multiplier, that the E-mini line of futures was introduced. All indexes’ prices are a multiplier of the value of the prices of all the stocks within their individual indexes. And unlike other futures contracts, stock index futures contracts do not involve physical delivery; you can’t actually conduct a transaction of little slices of the 500 stocks in the S&P 500, for example. Instead, the contracts are cash settled, so the buyer and seller receive the cash difference (credited or debited depending on the outcome of the trade) on the last day of the contract’s life. Today, stock index futures are traded all over the world. Their underlying assets are some of the most well-known entities in finance: Hong Kong’s Hang Seng, Japan’s Nikkei, the United Kingdom’s “Footsie” (FTSE), Germany’s DAX, France’s CAC 40.
Softs: Cocoa, coffee, cotton, orange juice (who doesn’t remember the famous scene in Trading Places), and sugar. These futures contracts’ underlying assets make up some of the oldest futures contracts traded. They represent staple products we all consume and they’re worthy opportunities for allocating risk. Some of the longest-remembered bull and bear markets – and some of the most volatile – in all commodities trading have involved these markets. Weather’s beneficial and adverse effects on these commodities’ crops have made for some historical moves.
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.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
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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:
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.
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Futures Trading Levels
08.17.2018
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Futures Trading Levels For Aug. 17th
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Economic Reports, source:
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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.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
To sign up and more info visit: 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.
Futures Trading Levels
06-21-2018
| Contract September 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2801.25 | 7461.33 | 25029 | 1737.83 | 7109.66 |
| Resistance 2 | 2789.75 | 7398.92 | 24944 | 1725.87 | 6961.28 |
| Resistance 1 | 2780.25 | 7351.58 | 24803 | 1718.83 | 6857.81 |
| Pivot | 2768.75 | 7289.17 | 24718 | 1706.87 | 6709.43 |
| Support 1 | 2759.25 | 7241.83 | 24577 | 1699.83 | 6605.96 |
| Support 2 | 2747.75 | 7179.42 | 24492 | 1687.87 | 6457.58 |
| Support 3 | 2738.25 | 7132.08 | 24351 | 1680.83 | 6354.11 |
| Contract | August Gold #GC_F | July Silver #SI-F | Aug. Crude Oil #CL-F | Sept. Bonds #ZB_F | Sept. Euro #6E_F |
| Resistance 3 | 1284.9 | 16.48 | 67.89 | 144 27/32 | 1.1749 |
| Resistance 2 | 1281.7 | 16.43 | 67.12 | 144 19/32 | 1.1713 |
| Resistance 1 | 1276.7 | 16.36 | 66.33 | 143 31/32 | 1.1685 |
| Pivot | 1273.5 | 16.31 | 65.56 | 143 23/32 | 1.1649 |
| Support 1 | 1268.5 | 16.24 | 64.77 | 143 3/32 | 1.1622 |
| Support 2 | 1265.3 | 16.19 | 64.00 | 142 27/32 | 1.1586 |
| Support 3 | 1260.3 | 16.12 | 63.21 | 142 7/32 | 1.1558 |
| Contract | July Corn #ZC_F | July Wheat #ZW_F | July Beans #ZS_F | July SoyMeal #ZM_F | July Nat Gas #NG_F |
| Resistance 3 | 367.0 | 509.2 | 917.00 | 348.10 | 3.04 |
| Resistance 2 | 361.8 | 499.6 | 906.50 | 343.00 | 3.01 |
| Resistance 1 | 358.0 | 493.9 | 898.00 | 338.10 | 2.98 |
| Pivot | 352.8 | 484.3 | 887.50 | 333.00 | 2.95 |
| Support 1 | 349.0 | 478.7 | 879.0 | 328.1 | 2.9 |
| Support 2 | 343.8 | 469.1 | 868.50 | 323.00 | 2.89 |
| Support 3 | 340.0 | 463.4 | 860.00 | 318.10 | 2.87 |
Economic Reports, source:
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.
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.
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.
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.
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.
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.
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.
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.
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
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The Difference Between Commodities And Equities Trading A Commodity: What is a legal contractual agreement to make or take delivery of a particular product?
An Equity or Common Stock: What is a legal contractual ownership in a company?
Similarities.
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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
5-2-2018
| Contract June 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2692.92 | 6834.42 | 24675 | 1586.73 | 9622.24 |
| Resistance 2 | 2673.33 | 6761.58 | 24431 | 1570.07 | 9434.12 |
| Resistance 1 | 2662.42 | 6724.42 | 24240 | 1560.53 | 9205.96 |
| Pivot | 2642.83 | 6651.58 | 23996 | 1543.87 | 9017.84 |
| Support 1 | 2631.92 | 6614.42 | 23805 | 1534.33 | 8789.68 |
| Support 2 | 2612.33 | 6541.58 | 23561 | 1517.67 | 8601.56 |
| Support 3 | 2601.42 | 6504.42 | 23370 | 1508.13 | 8373.40 |
| Contract | June Gold #GC_F | May Silver #SI-F | June Crude Oil #CL-F | June Bonds #ZB_F | June Euro #6E_F |
| Resistance 3 | 1329.7 | 16.65 | 70.65 | 144 6/32 | 1.2203 |
| Resistance 2 | 1323.5 | 16.51 | 69.78 | 143 29/32 | 1.2164 |
| Resistance 1 | 1314.6 | 16.35 | 68.60 | 143 17/32 | 1.2099 |
| Pivot | 1308.4 | 16.21 | 67.73 | 143 8/32 | 1.2061 |
| Support 1 | 1299.5 | 16.05 | 66.55 | 142 28/32 | 1.1996 |
| Support 2 | 1293.3 | 15.91 | 65.68 | 142 19/32 | 1.1957 |
| Support 3 | 1284.4 | 15.75 | 64.50 | 142 7/32 | 1.1892 |
| Contract | July Corn #ZC_F | July Wheat #ZW_F | July Beans #ZS_F | July SoyMeal #ZM_F | May Nat Gas #NG_F |
| Resistance 3 | 411.5 | 557.5 | 1070.33 | 424.43 | 2.89 |
| Resistance 2 | 408.8 | 543.8 | 1062.92 | 415.27 | 2.85 |
| Resistance 1 | 407.3 | 536.5 | 1058.08 | 409.83 | 2.83 |
| Pivot | 404.5 | 522.8 | 1050.67 | 400.67 | 2.79 |
| Support 1 | 403.0 | 515.5 | 1045.8 | 395.2 | 2.8 |
| Support 2 | 400.3 | 501.8 | 1038.42 | 386.07 | 2.73 |
| Support 3 | 398.8 | 494.5 | 1033.58 | 380.63 | 2.71 |
Economic Reports
Source: http://forexfactory.com
| Date | 3:54pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
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| WedMay 2 | 3:15am | EUR |
Spanish Manufacturing PMI
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54.2 | 54.8 | ||||
| 3:45am | EUR |
Italian Manufacturing PMI
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54.4 | 55.1 | |||||
| 3:50am | EUR |
French Final Manufacturing PMI
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53.4 | 53.4 | |||||
| 3:55am | EUR |
German Final Manufacturing PMI
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58.1 | 58.1 | |||||
| 4:00am | EUR |
Final Manufacturing PMI
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56.0 | 56.0 | |||||
| EUR |
Italian Monthly Unemployment Rate
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10.9% | 10.9% | ||||||
| 4:30am | GBP |
Construction PMI
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50.5 | 47.0 | |||||
| 5:00am | EUR |
Prelim Flash GDP q/q
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0.4% | 0.6% | |||||
| EUR |
Italian Prelim GDP q/q
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0.3% | 0.3% | ||||||
| EUR |
Unemployment Rate
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8.5% | 8.5% | ||||||
| 8:15am | USD |
ADP Non-Farm Employment Change
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200K | 241K | |||||
| 10:30am | USD |
Crude Oil Inventories
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1.0M | 2.2M | |||||
| 11:30am | EUR |
German Buba President Weidmann Speaks
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|||||||
| 2:00pm | USD |
FOMC Statement
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|||||||
| USD |
Federal Funds Rate
|
<1.75% | <1.75% |
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.
Author: Joseph Easton, Senior Broker at Cannon Trading
There are two types of Wheat most commonly traded…
”Chicago Soft Red Winter (SRW) and KC Hard Red Winter (HRW) are the global industry standards for wheat. Chicago SRW Wheat is the most liquid Wheat futures contract in the world, trading the equivalent of more than 15 million tons each day in 2013–9 ½ times more than the largest European contract. Producers, processors, millers and exporters continue to look to Chicago SRW and KC HRW Wheat for the liquidity that is critical for any risk management solution.
Liquidity means that you can execute positions quickly, effectively and efficiently. Liquidity offers more flexibility in structuring hedging strategies to meet your timing and market needs. And when the world is facing new challenges in Wheat risk management, liquidity provides the security you need in order to respond with confidence” – CME Group
Move per tick: 1/4 cent per bushel ($12.50 per contract)
One cent is equal to $50 per contract and $1.00 move is $5000 per contract
Trading hours: Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
In summary the market is basically open twice a day; Once at night or GLOBEX and once during the day, also known as the pit session.
Recently the close for the day has been extended from 1:15 p.m. CT to 1:20 CT.
In my opinion the most important “thing” about any market is the PRICE. Markets are made by buyers (bid) and sellers (ask) and the last price is where those parties agreed most recently.
On this date 4/10/2017
The front month for May ZW closed today at $4.9050 the listed volume was 123,877 contracts.
The front month for May KE closed today at $5.2075 the listed volume was 35,103 contracts.
ZW has a high this year at $5.18 and a year low of $413.25
KE has a high this year at $5.465 and a year low of $420.5
ZW has a high 3 year high at $5.745 and a 3 year low of $3.81
KE has a 3 year high at $5.7725 and a 3 year low of $388.5
The current initial margin for ZW (Chicago Wheat) is $1100 per contract
The current initial margin for KE (Kansas City Wheat) is $1155 per contract
A Margin Requirement is the percentage of marginable positions/cash that an investor must have as collateral with the exchange through an FCM.
‘Limit Move‘ The largest amount of change that the price of a commodity futures contract. It is not possible to trade a futures contract at a price either above or below the futures contract price during a limit move until the limit has been extended (by the exchange) or the next trading day.
Currently the daily limit for both ZW and KE is $.30. This limit can be extended based on the Exchange discretion. Markets can be locked limit for an indefinite time. Understanding limits moves is something you should speak to your Broker about more in depth.
The second Tuesday every month is WASDE (World Agriculture Supply and Demand) other reports are scheduled and need to be considered when trading Wheat Futures
https://www.usda.gov/oce/commodity/wasde
https://www.usda.gov/media/agency-reports
Contract Grade and Quality
ZW:
No. 2 at contract price with a maximum of 10 IDK per 100 grams; No. 1 at a 1 1/2-cent premium.
Deliverable grades of HRW shall contain a minimum 11% protein level. However, protein levels of less than 11%, but equal to or greater than 10.5% are deliverable at a ten cent (10¢) discount to contract price. Protein levels of less than 10.5% are not deliverable.
KE:
#2 Soft Red Winter at contract price, #1 Soft Red Winter at a 3 cent premium, other deliverable grades listed in Rule 14104.
Listed Contracts:
Wheat can be traded anytime, but you must trade in the following months March (H), May (K), July (N), September (U) & December (Z)
Resources:
http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/wheat_contract_specifications.html
http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/kc-wheat_contract_specifications.html
DISCLAIMER:
The above information was drawn from sources believed to be reliable. Although it is believed that information provided is accurate, no guarantee is made.
About Cannon Trading Company
Cannon Trading Company (member of the National Futures Association, Commodity Futures Trading Commission, and Better Business Bureau) has been located in the financial district of Beverly Hills, California for over twenty years. We take great pride in the service we provide to our clients and offer a variety of the industry’s top-of-the-line trading platforms, professionally developed automated trading strategies, and some of the most competitive rates in the industry. Every call is answered by a licensed broker, and we do our best to help traders achieve profits, educate themselves about the markets, and create successful trading strategies. Our worldwide client base speaks for itself. We have been mentioned in several leading industry publications, including a feature in Futures Magazine and a recent readers choice award from Technical Analysis of Stocks and Commodities Magazine. To check on our NFA status and record, please visit: http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0216708&rn=Y
IMPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THIS LETTER ARE OF OPINION AND DO NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
With the recent volatility, I thought this would be a good share…..
Most Common Pitfalls To Avoid When Trading Futures-Commodity Futures
500 experienced futures brokers were asked what caused most futures traders to lose money when comes to trading futures.
Their answers reflected the trading experience of more than 10,000 futures traders. Download the PDF and find out what they said.
1.) Have a Plan
Many futures traders trade without a plan.
READ THE REST AT:
https://www.cannontrading.com/tools/education-top-50-futures-trading-rules1
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
2-20-2018
| Contract March 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2773.25 | 6876.00 | 25614 | 1568.90 | 12396.67 |
| Resistance 2 | 2760.50 | 6847.75 | 25478 | 1559.90 | 11828.33 |
| Resistance 1 | 2745.00 | 6814.75 | 25327 | 1548.60 | 11451.67 |
| Pivot | 2732.25 | 6786.50 | 25191 | 1539.60 | 10883.33 |
| Support 1 | 2716.75 | 6753.50 | 25040 | 1528.30 | 10506.67 |
| Support 2 | 2704.00 | 6725.25 | 24904 | 1519.30 | 9938.33 |
| Support 3 | 2688.50 | 6692.25 | 24753 | 1508.00 | 9561.67 |
| Contract | Apr. Gold | Mar. Silver | Apr. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1358.7 | 16.83 | 63.64 | 144 21/32 | 1.2529 |
| Resistance 2 | 1356.4 | 16.76 | 63.07 | 144 18/32 | 1.2493 |
| Resistance 1 | 1353.0 | 16.71 | 62.63 | 144 9/32 | 1.2462 |
| Pivot | 1350.7 | 16.64 | 62.06 | 144 6/32 | 1.2426 |
| Support 1 | 1347.3 | 16.59 | 61.62 | 143 29/32 | 1.2395 |
| Support 2 | 1345.0 | 16.52 | 61.05 | 143 26/32 | 1.2359 |
| Support 3 | 1341.6 | 16.47 | 60.61 | 143 17/32 | 1.2328 |
| Contract | Mar. Corn | Mar. Wheat | March Beans | Mar. SoyMeal | Mar. Nat Gas |
| Resistance 3 | 370.5 | 462.8 | 1045.42 | 389.97 | 2.66 |
| Resistance 2 | 369.5 | 461.4 | 1036.83 | 384.63 | 2.64 |
| Resistance 1 | 368.5 | 459.6 | 1029.17 | 378.97 | 2.60 |
| Pivot | 367.5 | 458.2 | 1020.58 | 373.63 | 2.58 |
| Support 1 | 366.5 | 456.3 | 1012.9 | 368.0 | 2.5 |
| Support 2 | 365.5 | 454.9 | 1004.33 | 362.63 | 2.53 |
| Support 3 | 364.5 | 453.1 | 996.67 | 356.97 | 2.49 |
Economic Reports, source:
http://app.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.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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!
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)
| 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% |
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 August 12, 2016
Hello Traders,
Greetings!
How Sweet Will The Sugar Rally Be? Ilan Levy-Mayer |
The sugar market has made a significant upside move over the past few days and weeks.
Weather concerns for part of the growing areas in Asia, as well as strength in Brazilian real contributed to this rally.
From a technical point of view, I feel this market is overbought and over-extended, but when fundamentals take over, you can use the charts for wall decoration…That being said, I will be looking for signs of exhaustion on the daily and weekly charts.
The chart below is a monthly chart of sugar, and you will see that we are trading right against recent highs and I got a sell signal in the shape of my red diamond. However, I don’t have a crystal ball, hence I will look on the daily chart for a similar clue before trying to go against the trend and go short.
Read the full article along with my chart set up at:
https://www.equities.com/news/how-sweet-will-the-sugar-rally-be
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!
Levels for Trade Date of 8.12.2016
| Contract Sept. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2203.42 | 4851.67 | 18792 | 1241.60 | 96.44 |
| Resistance 2 | 2194.33 | 4831.33 | 18693 | 1235.80 | 96.16 |
| Resistance 1 | 2188.17 | 4816.42 | 18631 | 1231.30 | 96.02 |
| Pivot | 2179.08 | 4796.08 | 18532 | 1225.50 | 95.74 |
| Support 1 | 2172.92 | 4781.17 | 18470 | 1221.00 | 95.59 |
| Support 2 | 2163.83 | 4760.83 | 18371 | 1215.20 | 95.31 |
| Support 3 | 2157.67 | 4745.92 | 18309 | 1210.70 | 95.17 |
| Contract | Dec. Gold | Sept. Silver | Sept. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1372.3 | 20.67 | 47.21 | 175 1/32 | 1.1249 |
| Resistance 2 | 1365.9 | 20.50 | 45.53 | 174 8/32 | 1.1229 |
| Resistance 1 | 1354.3 | 20.23 | 44.45 | 173 4/32 | 1.1192 |
| Pivot | 1347.9 | 20.07 | 42.77 | 172 11/32 | 1.1172 |
| Support 1 | 1336.3 | 19.80 | 41.69 | 171 7/32 | 1.1135 |
| Support 2 | 1329.9 | 19.63 | 40.01 | 170 14/32 | 1.1115 |
| Support 3 | 1318.3 | 19.36 | 38.93 | 169 10/32 | 1.1078 |
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Dec. SoyMeal | Sept. Nat Gas |
| Resistance 3 | 336.1 | 432.4 | 996.67 | 338.10 | 2.66 |
| Resistance 2 | 334.9 | 428.1 | 993.33 | 336.10 | 2.63 |
| Resistance 1 | 333.3 | 422.2 | 988.67 | 333.00 | 2.59 |
| Pivot | 332.2 | 417.8 | 985.33 | 331.00 | 2.56 |
| Support 1 | 330.6 | 411.9 | 980.7 | 327.9 | 2.5 |
| Support 2 | 329.4 | 407.6 | 977.33 | 325.90 | 2.48 |
| Support 3 | 327.8 | 401.7 | 972.67 | 322.80 | 2.44 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| 3:33pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | ||
|---|---|---|---|---|---|---|---|---|---|
| FriAug 12 | 2:00am | EUR |
German Prelim GDP q/q
|
0.3% | 0.7% | ||||
| EUR |
German Final CPI m/m
|
0.3% | 0.3% | ||||||
| EUR |
German WPI m/m
|
0.3% | 0.6% | ||||||
| 2:45am | EUR |
French Prelim Non-Farm Payrolls q/q
|
0.2% | 0.3% | |||||
| 4:00am | EUR |
Italian Prelim GDP q/q
|
0.2% | 0.3% | |||||
| 5:00am | EUR |
Flash GDP q/q
|
0.3% | 0.3% | |||||
| EUR |
Industrial Production m/m
|
0.6% | -1.2% | ||||||
| 8:30am | USD |
Core Retail Sales m/m
|
0.2% | 0.7% | |||||
| USD |
PPI m/m
|
0.1% | 0.5% | ||||||
| USD |
Retail Sales m/m
|
0.4% | 0.6% | ||||||
| USD |
Core PPI m/m
|
0.2% | 0.4% | ||||||
| 10:00am | USD |
Prelim UoM Consumer Sentiment
|
91.5 | 90.0 | |||||
| USD |
Business Inventories m/m
|
0.1% | 0.2% | ||||||
| USD |
Prelim UoM Inflation Expectations
|
2.7% |
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 June 14, 2016
Hello Traders,
Cannon Trading’s new eBook
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:
The futures industry is complex and risky, which is why you need someone to be forthright with you….
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!
| Contract Sept. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2104.75 | 4487.75 | 17920 | 1172.73 | 95.28 |
| Resistance 2 | 2097.00 | 4471.00 | 17861 | 1166.67 | 95.06 |
| Resistance 1 | 2084.25 | 4445.25 | 17757 | 1156.63 | 94.73 |
| Pivot | 2076.50 | 4428.50 | 17698 | 1150.57 | 94.51 |
| Support 1 | 2063.75 | 4402.75 | 17594 | 1140.53 | 94.19 |
| Support 2 | 2056.00 | 4386.00 | 17535 | 1134.47 | 93.97 |
| Support 3 | 2043.25 | 4360.25 | 17431 | 1124.43 | 93.64 |
| Contract | Aug. Gold | July Silver | July Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1308.1 | 17.92 | 50.27 | 169 25/32 | 1.1433 |
| Resistance 2 | 1299.2 | 17.69 | 49.78 | 169 11/32 | 1.1387 |
| Resistance 1 | 1293.0 | 17.56 | 49.15 | 169 2/32 | 1.1360 |
| Pivot | 1284.1 | 17.33 | 48.66 | 168 20/32 | 1.1315 |
| Support 1 | 1277.9 | 17.20 | 48.03 | 168 11/32 | 1.1288 |
| Support 2 | 1269.0 | 16.97 | 47.54 | 167 29/32 | 1.1242 |
| Support 3 | 1262.8 | 16.84 | 46.91 | 167 20/32 | 1.1215 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July Nat Gas |
| Resistance 3 | 445.7 | 511.1 | 1209.25 | 433.27 | 2.69 |
| Resistance 2 | 441.8 | 506.9 | 1200.50 | 428.13 | 2.66 |
| Resistance 1 | 435.9 | 499.1 | 1184.75 | 418.27 | 2.63 |
| Pivot | 432.1 | 494.9 | 1176.00 | 413.13 | 2.60 |
| Support 1 | 426.2 | 487.1 | 1160.3 | 403.3 | 2.6 |
| Support 2 | 422.3 | 482.9 | 1151.50 | 398.13 | 2.53 |
| Support 3 | 416.4 | 475.1 | 1135.75 | 388.27 | 2.50 |
Economic Reports
| Date | 4:05pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueJun 14 | 4:30am | GBP |
CPI y/y
|
0.4% | 0.3% | ||||
| GBP |
PPI Input m/m
|
0.9% | 0.9% | ||||||
| GBP |
RPI y/y
|
1.5% | 1.3% | ||||||
| GBP |
Core CPI y/y
|
1.3% | 1.2% | ||||||
| GBP |
PPI Output m/m
|
0.3% | 0.4% | ||||||
| 5:00am | EUR |
Employment Change q/q
|
0.2% | 0.3% | |||||
| EUR |
Industrial Production m/m
|
0.7% | -0.8% | ||||||
| 6:00am | USD |
NFIB Small Business Index
|
93.8 | 93.6 | |||||
| 8:30am | USD |
Core Retail Sales m/m
|
0.4% | 0.8% | |||||
| USD |
Retail Sales m/m
|
0.4% | 1.3% | ||||||
| USD |
Import Prices m/m
|
0.8% | 0.3% | ||||||
| 10:00am | USD |
Business Inventories m/m
|
0.2% | 0.4% |
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 April 8, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
Greetings!
Browse and use our FREE Trading Resources for Futures and Commodities
Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System
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.
| Contract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2091.67 | 4612.00 | 17852 | 1125.33 | 95.46 |
| Resistance 2 | 2076.83 | 4575.75 | 17748 | 1115.57 | 95.06 |
| Resistance 1 | 2055.67 | 4523.25 | 17603 | 1103.03 | 94.82 |
| Pivot | 2040.83 | 4487.00 | 17499 | 1093.27 | 94.43 |
| Support 1 | 2019.67 | 4434.50 | 17354 | 1080.73 | 94.19 |
| Support 2 | 2004.83 | 4398.25 | 17250 | 1070.97 | 93.79 |
| Support 3 | 1983.67 | 4345.75 | 17105 | 1058.43 | 93.55 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1271.3 | 15.68 | 39.87 | 169 6/32 | 1.1576 |
| Resistance 2 | 1258.2 | 15.52 | 39.09 | 168 6/32 | 1.1526 |
| Resistance 1 | 1250.3 | 15.37 | 38.26 | 167 20/32 | 1.1458 |
| Pivot | 1237.2 | 15.21 | 37.48 | 166 20/32 | 1.1408 |
| Support 1 | 1229.3 | 15.06 | 36.65 | 166 2/32 | 1.1340 |
| Support 2 | 1216.2 | 14.90 | 35.87 | 165 2/32 | 1.1290 |
| Support 3 | 1208.3 | 14.75 | 35.04 | 164 16/32 | 1.1222 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May Nat Gas |
| Resistance 3 | 367.7 | 470.8 | 914.17 | 270.40 | 2.20 |
| Resistance 2 | 364.8 | 468.0 | 911.83 | 269.60 | 2.11 |
| Resistance 1 | 363.2 | 462.5 | 908.17 | 268.20 | 2.07 |
| Pivot | 360.3 | 459.8 | 905.83 | 267.40 | 1.98 |
| Support 1 | 358.7 | 454.3 | 902.2 | 266.0 | 1.9 |
| Support 2 | 355.8 | 451.5 | 899.83 | 265.20 | 1.85 |
| Support 3 | 354.2 | 446.0 | 896.17 | 263.80 | 1.80 |
Economic Reports
| Date | 4:41pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriApr 8 | 2:00am | EUR | German Trade Balance | 19.2B | 18.9B | ||||
| 2:45am | EUR | French Gov Budget Balance | -9.2B | ||||||
| EUR | French Industrial Production m/m | -0.3% | 1.3% | ||||||
| 4:30am | GBP | Manufacturing Production m/m | -0.2% | 0.7% | |||||
| GBP | Goods Trade Balance | -10.3B | -10.3B | ||||||
| GBP | Industrial Production m/m | 0.1% | 0.3% | ||||||
| 8:30am | USD | FOMC Member Dudley Speaks | |||||||
| 10:00am | GBP | NIESR GDP Estimate | 0.3% | ||||||
| USD | Wholesale Inventories m/m | -0.2% | 0.3% |
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 December 2, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
1. Education
2. Find a System
3. Survival
Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.
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!
| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2124.50 | 4768.83 | 18038 | 1217.23 | 100.63 |
| Resistance 2 | 2113.00 | 4742.67 | 17958 | 1210.57 | 100.44 |
| Resistance 1 | 2106.50 | 4728.83 | 17911 | 1206.83 | 100.13 |
| Pivot | 2095.00 | 4702.67 | 17831 | 1200.17 | 99.94 |
| Support 1 | 2088.50 | 4688.83 | 17784 | 1196.43 | 99.63 |
| Support 2 | 2077.00 | 4662.67 | 17704 | 1189.77 | 99.44 |
| Support 3 | 2070.50 | 4648.83 | 17657 | 1186.03 | 99.13 |
| Contract | Feb. Gold | March Silver | Jan. Crude Oil | Mar. Bonds | Dec. Euro |
| Resistance 3 | 1085.5 | 14.45 | 43.30 | 159 4/32 | 1.0736 |
| Resistance 2 | 1079.8 | 14.35 | 42.77 | 157 20/32 | 1.0688 |
| Resistance 1 | 1074.1 | 14.25 | 42.24 | 156 26/32 | 1.0662 |
| Pivot | 1068.4 | 14.15 | 41.71 | 155 10/32 | 1.0614 |
| Support 1 | 1062.7 | 14.05 | 41.18 | 154 16/32 | 1.0588 |
| Support 2 | 1057.0 | 13.95 | 40.65 | 153 | 1.0540 |
| Support 3 | 1051.3 | 13.85 | 40.12 | 152 6/32 | 1.0514 |
| Contract | Mar. Corn | Mar. Wheat | Jan Beans | Jan. SoyMeal | Jan. Nat Gas |
| Resistance 3 | 380.3 | 487.1 | 902.75 | 298.13 | 2.33 |
| Resistance 2 | 377.9 | 483.7 | 897.25 | 294.87 | 2.29 |
| Resistance 1 | 375.8 | 477.6 | 893.25 | 290.63 | 2.26 |
| Pivot | 373.4 | 474.2 | 887.75 | 287.37 | 2.23 |
| Support 1 | 371.3 | 468.1 | 883.8 | 283.1 | 2.2 |
| Support 2 | 368.9 | 464.7 | 878.25 | 279.87 | 2.16 |
| Support 3 | 366.8 | 458.6 | 874.25 | 275.63 | 2.13 |
| Date | 3:54pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedDec 2 | 3:00am | EUR | Spanish Unemployment Change | -10.3K | 82.3K | ||||
| 5:00am | EUR | CPI Flash Estimate y/y | 0.2% | 0.1% | |||||
| EUR | Core CPI Flash Estimate y/y | 1.1% | 1.1% | ||||||
| EUR | PPI m/m | -0.4% | -0.3% | ||||||
| 8:10am | USD | FOMC Member Lockhart Speaks | |||||||
| 8:15am | USD | ADP Non-Farm Employment Change | 191K | 182K | |||||
| 8:30am | USD | Fed Chair Yellen Speaks | |||||||
| USD | Revised Nonfarm Productivity q/q | 2.2% | 1.6% | ||||||
| USD | Revised Unit Labor Costs q/q | 1.1% | 1.4% | ||||||
| 10:30am | USD | Crude Oil Inventories | -0.6M | 1.0M | |||||
| 12:25pm | USD | Fed Chair Yellen Speaks | |||||||
| 2:00pm | USD | Beige Book | |||||||
| 3:40pm | USD | FOMC Member Williams 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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 November 18, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
As I was about to write today’s blog, it hit me that i would like to know more from you, the reader what kind of topics you like to see in this blog?Take a minute or two and reply back with which of the following you like to see more of:
On a different note, gold just broke recent lows, weekly chart for your review below with some possible levels to watch:
GCE – Gold (Globex), Weekly Continuation
Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.
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!
| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2082.33 | 4637.75 | 17694 | 1178.40 | 100.26 |
| Resistance 2 | 2072.92 | 4617.75 | 17625 | 1172.00 | 100.05 |
| Resistance 1 | 2060.33 | 4592.00 | 17538 | 1161.10 | 99.88 |
| Pivot | 2050.92 | 4572.00 | 17469 | 1154.70 | 99.67 |
| Support 1 | 2038.33 | 4546.25 | 17382 | 1143.80 | 99.50 |
| Support 2 | 2028.92 | 4526.25 | 17313 | 1137.40 | 99.29 |
| Support 3 | 2016.33 | 4500.50 | 17226 | 1126.50 | 99.12 |
| Contract | Dec. Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1101.8 | 14.42 | 43.12 | 155 31/32 | 1.0747 |
| Resistance 2 | 1093.5 | 14.33 | 42.58 | 155 1/32 | 1.0721 |
| Resistance 1 | 1081.1 | 14.25 | 41.67 | 154 13/32 | 1.0686 |
| Pivot | 1072.8 | 14.16 | 41.13 | 153 15/32 | 1.0660 |
| Support 1 | 1060.4 | 14.08 | 40.22 | 152 27/32 | 1.0625 |
| Support 2 | 1052.1 | 13.99 | 39.68 | 151 29/32 | 1.0599 |
| Support 3 | 1039.7 | 13.91 | 38.77 | 151 9/32 | 1.0564 |
| Contract | Dec. Corn | Dec. Wheat | Jan Beans | Dec. SoyMeal | Dec. Nat Gas |
| Resistance 3 | 367.8 | 502.3 | 871.33 | 291.80 | 2.53 |
| Resistance 2 | 365.2 | 498.2 | 868.17 | 290.90 | 2.46 |
| Resistance 1 | 363.6 | 492.8 | 866.08 | 289.70 | 2.42 |
| Pivot | 360.9 | 488.7 | 862.92 | 288.80 | 2.35 |
| Support 1 | 359.3 | 483.3 | 860.8 | 287.6 | 2.3 |
| Support 2 | 356.7 | 479.2 | 857.67 | 286.70 | 2.24 |
| Support 3 | 355.1 | 473.8 | 855.58 | 285.50 | 2.20 |
| Date | 3:37pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedNov 18 | 8:00am | USD | FOMC Member Dudley Speaks | ||||||
| 8:30am | USD | Building Permits | 1.15M | 1.11M | |||||
| USD | Housing Starts | 1.16M | 1.21M | ||||||
| 10:30am | USD | Crude Oil Inventories | 2.3M | 4.2M | |||||
| 2:00pm | USD | FOMC Meeting Minutes |
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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 13, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
To have a look at bigger picture I am sharing my weekly mini Dow chart.
PS: Friday the 13th is tomorrow……
Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.
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!
| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2100.08 | 4710.42 | 17904 | 1203.10 | 99.75 |
| Resistance 2 | 2093.67 | 4692.58 | 17852 | 1197.40 | 99.54 |
| Resistance 1 | 2080.83 | 4660.92 | 17748 | 1186.00 | 99.29 |
| Pivot | 2074.42 | 4643.08 | 17696 | 1180.30 | 99.09 |
| Support 1 | 2061.58 | 4611.42 | 17592 | 1168.90 | 98.84 |
| Support 2 | 2055.17 | 4593.58 | 17540 | 1163.20 | 98.63 |
| Support 3 | 2042.33 | 4561.92 | 17436 | 1151.80 | 98.38 |
| Contract | Dec. Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1101.3 | 14.69 | 45.33 | 153 | 1.0848 |
| Resistance 2 | 1097.4 | 14.59 | 44.72 | 152 23/32 | 1.0813 |
| Resistance 1 | 1091.0 | 14.43 | 43.84 | 152 15/32 | 1.0780 |
| Pivot | 1087.1 | 14.33 | 43.23 | 152 6/32 | 1.0745 |
| Support 1 | 1080.7 | 14.17 | 42.35 | 151 30/32 | 1.0712 |
| Support 2 | 1076.8 | 14.07 | 41.74 | 151 21/32 | 1.0677 |
| Support 3 | 1070.4 | 13.91 | 40.86 | 151 13/32 | 1.0644 |
| Contract | Dec. Corn | Dec. Wheat | Jan Beans | Dec. SoyMeal | Dec. Nat Gas |
| Resistance 3 | 368.0 | 506.5 | 870.67 | 298.23 | 2.43 |
| Resistance 2 | 365.8 | 502.3 | 866.08 | 296.27 | 2.39 |
| Resistance 1 | 364.0 | 498.5 | 863.42 | 295.13 | 2.33 |
| Pivot | 361.8 | 494.3 | 858.83 | 293.17 | 2.29 |
| Support 1 | 360.0 | 490.5 | 856.2 | 292.0 | 2.2 |
| Support 2 | 357.8 | 486.3 | 851.58 | 290.07 | 2.19 |
| Support 3 | 356.0 | 482.5 | 848.92 | 288.93 | 2.13 |
| Date | 3:46pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriNov 13 | 1:30am | EUR | French Prelim GDP q/q | 0.3% | 0.0% | ||||
| 2:00am | EUR | German Prelim GDP q/q | 0.3% | 0.4% | |||||
| 2:45am | EUR | French Prelim Non-Farm Payrolls q/q | 0.1% | 0.2% | |||||
| 4:00am | EUR | Italian Prelim GDP q/q | 0.3% | 0.2% | |||||
| 5:00am | EUR | Flash GDP q/q | 0.4% | 0.4% | |||||
| EUR | Trade Balance | 19.4B | 19.8B | ||||||
| 8:30am | USD | Core Retail Sales m/m | 0.4% | -0.3% | |||||
| USD | PPI m/m | 0.2% | -0.5% | ||||||
| USD | Retail Sales m/m | 0.3% | 0.1% | ||||||
| USD | Core PPI m/m | 0.1% | -0.3% | ||||||
| 10:00am | USD | Prelim UoM Consumer Sentiment | 91.3 | 90.0 | |||||
| USD | Business Inventories m/m | 0.1% | 0.0% | ||||||
| USD | Prelim UoM Inflation Expectations | 2.7% | |||||||
| 10:30am | USD | Natural Gas Storage | 51B | 52B |
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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 06, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
GCE – Gold(Globex), Weekly Continuation
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!
| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2125.25 | 4777.67 | 18030 | 1209.47 | 98.66 |
| Resistance 2 | 2115.00 | 4752.58 | 17948 | 1200.23 | 98.45 |
| Resistance 1 | 2104.50 | 4723.92 | 17874 | 1193.67 | 98.28 |
| Pivot | 2094.25 | 4698.83 | 17792 | 1184.43 | 98.07 |
| Support 1 | 2083.75 | 4670.17 | 17718 | 1177.87 | 97.89 |
| Support 2 | 2073.50 | 4645.08 | 17636 | 1168.63 | 97.68 |
| Support 3 | 2063.00 | 4616.42 | 17562 | 1162.07 | 97.51 |
| Contract | Dec. Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1118.2 | 15.24 | 47.80 | 156 1/32 | 1.0976 |
| Resistance 2 | 1114.7 | 15.17 | 47.23 | 155 15/32 | 1.0940 |
| Resistance 1 | 1109.1 | 15.06 | 46.27 | 154 26/32 | 1.0912 |
| Pivot | 1105.6 | 14.99 | 45.70 | 154 8/32 | 1.0876 |
| Support 1 | 1100.0 | 14.88 | 44.74 | 153 19/32 | 1.0848 |
| Support 2 | 1096.5 | 14.81 | 44.17 | 153 1/32 | 1.0812 |
| Support 3 | 1090.9 | 14.70 | 43.21 | 152 12/32 | 1.0784 |
| Contract | Dec. Corn | Dec. Wheat | Jan Beans | Dec. SoyMeal | Dec. Nat Gas |
| Resistance 3 | 383.3 | 538.8 | 890.83 | 307.00 | 2.56 |
| Resistance 2 | 381.5 | 533.9 | 885.17 | 304.80 | 2.47 |
| Resistance 1 | 378.0 | 530.1 | 874.58 | 300.60 | 2.42 |
| Pivot | 376.3 | 525.2 | 868.92 | 298.40 | 2.34 |
| Support 1 | 372.8 | 521.3 | 858.3 | 294.2 | 2.3 |
| Support 2 | 371.0 | 516.4 | 852.67 | 292.00 | 2.20 |
| Support 3 | 367.5 | 512.6 | 842.08 | 287.80 | 2.15 |
| Date | 3:42pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriNov 6 | 2:00am | EUR | German Industrial Production m/m | 0.6% | -1.2% | ||||
| 2:45am | EUR | French Gov Budget Balance | -89.7B | ||||||
| EUR | French Trade Balance | -3.1B | -3.0B | ||||||
| 8:30am | USD | Average Hourly Earnings m/m | 0.2% | 0.0% | |||||
| USD | Non-Farm Employment Change | 179K | 142K | ||||||
| USD | Unemployment Rate | 5.0% | 5.1% | ||||||
| 3:00pm | USD | Consumer Credit m/m | 17.6B | 16.0B | |||||
| 4:15pm | USD | FOMC Member Brainard 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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 October 16, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Browse and use our FREE Trading Resources for Futures and Commodities
Did you know Cannon offers FOREX trading including the MT4 platform?Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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!
| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2061.33 | 4514.25 | 17384 | 1201.27 | 95.58 |
| Resistance 2 | 2039.67 | 4462.75 | 17225 | 1181.13 | 95.10 |
| Resistance 1 | 2028.33 | 4435.50 | 17142 | 1170.77 | 94.79 |
| Pivot | 2006.67 | 4384.00 | 16983 | 1150.63 | 94.31 |
| Support 1 | 1995.33 | 4356.75 | 16900 | 1140.27 | 93.99 |
| Support 2 | 1973.67 | 4305.25 | 16741 | 1120.13 | 93.51 |
| Support 3 | 1962.33 | 4278.00 | 16658 | 1109.77 | 93.20 |
| Contract | Dec. Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1209.2 | 16.54 | 49.08 | 160 17/32 | 1.1604 |
| Resistance 2 | 1200.5 | 16.37 | 47.98 | 160 3/32 | 1.1554 |
| Resistance 1 | 1191.4 | 16.25 | 47.43 | 159 16/32 | 1.1471 |
| Pivot | 1182.7 | 16.07 | 46.33 | 159 2/32 | 1.1421 |
| Support 1 | 1173.6 | 15.95 | 45.78 | 158 15/32 | 1.1338 |
| Support 2 | 1164.9 | 15.78 | 44.68 | 158 1/32 | 1.1288 |
| Support 3 | 1155.8 | 15.66 | 44.13 | 157 14/32 | 1.1205 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Nov. Nat Gas |
| Resistance 3 | 382.8 | 520.3 | 924.42 | 322.90 | 2.67 |
| Resistance 2 | 381.2 | 516.5 | 920.08 | 320.80 | 2.62 |
| Resistance 1 | 378.3 | 509.5 | 912.67 | 317.40 | 2.54 |
| Pivot | 376.7 | 505.8 | 908.33 | 315.30 | 2.49 |
| Support 1 | 373.8 | 498.8 | 900.9 | 311.9 | 2.4 |
| Support 2 | 372.2 | 495.0 | 896.58 | 309.80 | 2.37 |
| Support 3 | 369.3 | 488.0 | 889.17 | 306.40 | 2.28 |
| Date | 4:22pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriOct 16 | 4:00am | EUR | Italian Trade Balance | 4.23B | 8.03B | ||||
| 5:00am | EUR | Final CPI y/y | -0.1% | -0.1% | |||||
| EUR | Final Core CPI y/y | 0.9% | 0.9% | ||||||
| EUR | Trade Balance | 22.2B | 22.4B | ||||||
| 9:15am | USD | Capacity Utilization Rate | 77.4% | 77.6% | |||||
| USD | Industrial Production m/m | -0.2% | -0.4% | ||||||
| 10:00am | USD | Prelim UoM Consumer Sentiment | 88.8 | 87.2 | |||||
| USD | JOLTS Job Openings | 5.77M | 5.75M | ||||||
| USD | Prelim UoM Inflation Expectations | 2.8% | |||||||
| 4:00pm | USD | TIC Long-Term Purchases | 24.3B | 7.7B |
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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 October 7, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Survivor Day Trading
Preserve Your Trading Capital
Download “Survivor Day Trader” instantly.
Did you know Cannon offers FOREX trading including the MT4 platform? Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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!
| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 1999.25 | 4379.83 | 16947 | 1157.83 | 96.83 |
| Resistance 2 | 1990.75 | 4350.92 | 16854 | 1149.17 | 96.55 |
| Resistance 1 | 1979.50 | 4321.33 | 16763 | 1138.63 | 96.04 |
| Pivot | 1971.00 | 4292.42 | 16670 | 1129.97 | 95.77 |
| Support 1 | 1959.75 | 4262.83 | 16579 | 1119.43 | 95.26 |
| Support 2 | 1951.25 | 4233.92 | 16486 | 1110.77 | 94.98 |
| Support 3 | 1940.00 | 4204.33 | 16395 | 1100.23 | 94.47 |
| Contract | Dec. Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1170.3 | 16.62 | 52.68 | 159 15/32 | 1.1433 |
| Resistance 2 | 1160.6 | 16.36 | 50.71 | 158 23/32 | 1.1363 |
| Resistance 1 | 1153.8 | 16.10 | 49.67 | 158 7/32 | 1.1325 |
| Pivot | 1144.1 | 15.84 | 47.70 | 157 15/32 | 1.1255 |
| Support 1 | 1137.3 | 15.58 | 46.66 | 156 31/32 | 1.1217 |
| Support 2 | 1127.6 | 15.32 | 44.69 | 156 7/32 | 1.1147 |
| Support 3 | 1120.8 | 15.06 | 43.65 | 155 23/32 | 1.1109 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Nov. Nat Gas |
| Resistance 3 | 408.2 | 544.3 | 906.17 | 312.43 | 2.56 |
| Resistance 2 | 403.6 | 535.4 | 900.83 | 310.07 | 2.52 |
| Resistance 1 | 400.9 | 530.8 | 894.42 | 306.83 | 2.50 |
| Pivot | 396.3 | 521.9 | 889.08 | 304.47 | 2.45 |
| Support 1 | 393.7 | 517.3 | 882.7 | 301.2 | 2.4 |
| Support 2 | 389.1 | 508.4 | 877.33 | 298.87 | 2.38 |
| Support 3 | 386.4 | 503.8 | 870.92 | 295.63 | 2.36 |
| Date | 4:12pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedOct 7 | 2:00am | EUR | German Industrial Production m/m | 0.3% | 0.7% | ||||
| 2:45am | EUR | French Trade Balance | -3.6B | -3.3B | |||||
| Tentative | EUR | German 10-y Bond Auction | 0.69|1.2 | ||||||
| 10:30am | USD | Crude Oil Inventories | 2.2M | 4.0M | |||||
| 1:01pm | USD | 10-y Bond Auction | 2.24|2.7 | ||||||
| 3:00pm | USD | Consumer Credit m/m | 18.8B | 19.1B |
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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 September 18, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
This much anticipated FOMC lived up to expectations….tremendous volatility for sure. I hope some of you read my tips YESTERDAY about lowering trading quantities and widening stops etc.
That’s history but one thing I recommend, is write down notes from today. market behavior, your behavior etc. Keep it as part of your trading journal. Might help you the next FOMC…..What’s next? To be honest I am not sure at this point.
Here is my daily chart for the mini Russell 2000. Confused market in my opinion.
PS:
1. Many times the big move happens the DAY AFTER FOMC
2. Tomorrow is quadruple witching….
TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation : Heikin-Ashi
Did you know Cannon offers FOREX trading including the MT4 platform? Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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!
| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2038.58 | 4509.58 | 17057 | 1209.60 | 96.25 |
| Resistance 2 | 2025.17 | 4475.67 | 16947 | 1199.80 | 95.89 |
| Resistance 1 | 2002.33 | 4424.83 | 16758 | 1186.60 | 95.20 |
| Pivot | 1988.92 | 4390.92 | 16648 | 1176.80 | 94.84 |
| Support 1 | 1966.08 | 4340.08 | 16459 | 1163.60 | 94.16 |
| Support 2 | 1952.67 | 4306.17 | 16349 | 1153.80 | 93.80 |
| Support 3 | 1929.83 | 4255.33 | 16160 | 1140.60 | 93.11 |
| Contract | Dec. Gold | Dec. Silver | Oct. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1155.8 | 15.83 | 48.96 | 155 28/32 | 1.1660 |
| Resistance 2 | 1144.3 | 15.55 | 48.34 | 154 24/32 | 1.1559 |
| Resistance 1 | 1137.6 | 15.33 | 47.58 | 154 6/32 | 1.1505 |
| Pivot | 1126.1 | 15.05 | 46.96 | 153 2/32 | 1.1404 |
| Support 1 | 1119.4 | 14.82 | 46.20 | 152 16/32 | 1.1350 |
| Support 2 | 1107.9 | 14.54 | 45.58 | 151 12/32 | 1.1249 |
| Support 3 | 1101.2 | 14.32 | 44.82 | 150 26/32 | 1.1195 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Oct. Nat Gas |
| Resistance 3 | 389.3 | 495.9 | 896.50 | 320.37 | 2.77 |
| Resistance 2 | 387.4 | 492.8 | 892.50 | 318.63 | 2.72 |
| Resistance 1 | 383.6 | 487.2 | 888.50 | 315.47 | 2.69 |
| Pivot | 381.7 | 484.1 | 884.50 | 313.73 | 2.65 |
| Support 1 | 377.8 | 478.4 | 880.5 | 310.6 | 2.6 |
| Support 2 | 375.9 | 475.3 | 876.50 | 308.83 | 2.57 |
| Support 3 | 372.1 | 469.7 | 872.50 | 305.67 | 2.54 |
| Date | 4:15pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriSep 18 | 4:00am | EUR | Current Account | 21.3B | 25.4B | ||||
| 10:00am | USD | CB Leading Index 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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 16, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Big FOMC this week! Meeting takes place tomorrow and Thursday with much anticipated announcement and language on Thursday, 2 PM EST.
Futures Options 101:
Market Strategies
1. Bullish Market Strategies
| Futures Options Trading Spread Strategy |
Description | Reason to Use | When to Use |
|---|---|---|---|
| Buy a call | Strongest bullish option position | Loss limited to premium | Undervalued option with volatility increasing |
| Sell a put | Neutral bullish option position | Profit limited to debt | Small debit, bullish market |
| Vertical Bull Calls | Buy call, sell call of higher strike price | Loss limited to debt | Small debit, bullish market |
| Vertical Bull Puts | Buy put, sell put of higher strike price | Loss limited to price difference | Large credit, bullish market |
2. Bearish Market Strategies
| Futures Options Trading Spread Strategy |
Description | Reason to Use | When to Use |
|---|---|---|---|
| Buy a put | Strongest bearish option position | Loss limited to premium | Undervalued option with volatility increasing |
| Sell a call | Neutral bearish option position | Profit limited to premium | Option overvalued, market flat, bearish |
| Vertical Bear Calls | Buy at the money put, sell out of the money put | Loss limited to debt | Small debit, bearish market |
| Vertical Bear Puts | Sell call, buy call of higher strike price | Loss limited to stroke price difference minus credit | Large credit, bearish market |
3. Neutral Market Strategies
| Futures Options Trading Spread Strategy |
Description | Reason to Use | When to Use |
|---|---|---|---|
| Strangle | Sell out of the money put and call | Maximum use of time value decay | Trading range market with volatility peaking |
| Arbitrage | Bull and sell similar simultaneously | Profit limited to debt | Any time credit received |
| Calendar | Sell near month, buy far month, same strike price | Near month time value decays faster | Small debit, trading range market |
| Butterfly | Buy at the money call (put), sell 2 out of the money calls (puts), buy out of the money call (put) | Any time credit received | |
| Guts | Sell in the money put and call | Receive large premium | Futures Options have time premium and market in trading range |
| Box | Buy at the money put, sell out of the money put | Small debit, bearish market | |
| Ratio Call | Buy call, sell calls of higher strike price | Neutral, slightly bullish | Large credit and difference between stroke price of option bought and sold |
| Conversion | Buy futures, buy at the money put, and sell out of the money call | Any time credit received |
Futures Options Writing
Option Buying & Spreads
Most futures options expire worthless and out of the money, therefore most people lose when buying options on futures. Cannon Trading believes there is still opportunity in buying , but you must be very patient and selective. We believe buying futures options just because a market is extremely high or low, known as “fishing for options” is a big mistake. Refer to the guidelines on our “Trading Commandments” before purchasing any futures options. Historic volatility, technical analysis, the trend and all other significant factors should all be analyzed to increase your probability of profit. All full-service accounts will receive these studies, opinions and recommendations upon request. Cannon Trading Company’s “Trading Commandments” can be used as a guideline to assist you in the process and decision making of selecting the right market and futures options to purchase.
Did you know Cannon offers FOREX trading including the MT4 platform? Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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!
| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2021.83 | 4470.00 | 16976 | 1188.33 | 96.56 |
| Resistance 2 | 1997.42 | 4417.00 | 16758 | 1175.17 | 96.21 |
| Resistance 1 | 1984.08 | 4386.00 | 16640 | 1167.83 | 96.00 |
| Pivot | 1959.67 | 4333.00 | 16422 | 1154.67 | 95.64 |
| Support 1 | 1946.33 | 4302.00 | 16304 | 1147.33 | 95.43 |
| Support 2 | 1921.92 | 4249.00 | 16086 | 1134.17 | 95.08 |
| Support 3 | 1908.58 | 4218.00 | 15968 | 1126.83 | 94.87 |
| Contract | Dec. Gold | Dec. Silver | Oct. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1115.1 | 14.62 | 46.27 | 157 11/32 | 1.1402 |
| Resistance 2 | 1111.8 | 14.52 | 45.65 | 156 11/32 | 1.1375 |
| Resistance 1 | 1108.1 | 14.45 | 45.16 | 154 13/32 | 1.1330 |
| Pivot | 1104.8 | 14.35 | 44.54 | 153 13/32 | 1.1303 |
| Support 1 | 1101.1 | 14.28 | 44.05 | 151 15/32 | 1.1258 |
| Support 2 | 1097.8 | 14.18 | 43.43 | 150 15/32 | 1.1231 |
| Support 3 | 1094.1 | 14.11 | 42.94 | 148 17/32 | 1.1186 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Oct. Nat Gas |
| Resistance 3 | 400.3 | 512.3 | 906.17 | 325.37 | 2.85 |
| Resistance 2 | 397.7 | 507.8 | 900.33 | 322.13 | 2.82 |
| Resistance 1 | 394.1 | 501.3 | 894.67 | 319.77 | 2.77 |
| Pivot | 391.4 | 496.8 | 888.83 | 316.53 | 2.75 |
| Support 1 | 387.8 | 490.3 | 883.2 | 314.2 | 2.7 |
| Support 2 | 385.2 | 485.8 | 877.33 | 310.93 | 2.67 |
| Support 3 | 381.6 | 479.3 | 871.67 | 308.57 | 2.63 |
| Date | 4:08pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedSep 16 | 5:00am | EUR | Final CPI y/y | 0.2% | 0.2% | ||||
| EUR | Final Core CPI y/y | 1.0% | 1.0% | ||||||
| Tentative | EUR | German 30-y Bond Auction | 1.18|1.1 | ||||||
| 8:30am | USD | CPI m/m | 0.0% | 0.1% | |||||
| USD | Core CPI m/m | 0.1% | 0.1% | ||||||
| 10:00am | USD | NAHB Housing Market Index | 61 | 61 | |||||
| 10:30am | USD | Crude Oil Inventories | 0.7M | 2.6M | |||||
| 4:00pm | USD | TIC Long-Term Purchases | 103.1B |
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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 10, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Greetings!
Did you know Cannon offers FOREX trading including the MT4 platform? Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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!
| Contract Sept. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2031.67 | 4460.67 | 17023 | 1189.73 | 96.86 |
| Resistance 2 | 2011.83 | 4415.08 | 16855 | 1180.77 | 96.64 |
| Resistance 1 | 1975.17 | 4331.42 | 16544 | 1163.63 | 96.30 |
| Pivot | 1955.33 | 4285.83 | 16376 | 1154.67 | 96.08 |
| Support 1 | 1918.67 | 4202.17 | 16065 | 1137.53 | 95.74 |
| Support 2 | 1898.83 | 4156.58 | 15897 | 1128.57 | 95.52 |
| Support 3 | 1862.17 | 4072.92 | 15586 | 1111.43 | 95.18 |
| Contract | Dec. Gold | Dec. Silver | Oct. Crude Oil | Dec. Bonds | Sept. Euro |
| Resistance 3 | 1145.6 | 15.18 | 47.86 | 157 27/32 | 1.1324 |
| Resistance 2 | 1135.1 | 15.06 | 47.06 | 156 11/32 | 1.1271 |
| Resistance 1 | 1121.0 | 14.81 | 45.69 | 155 14/32 | 1.1239 |
| Pivot | 1110.5 | 14.69 | 44.89 | 153 30/32 | 1.1186 |
| Support 1 | 1096.4 | 14.44 | 43.52 | 153 1/32 | 1.1154 |
| Support 2 | 1085.9 | 14.32 | 42.72 | 151 17/32 | 1.1101 |
| Support 3 | 1071.8 | 14.07 | 41.35 | 150 20/32 | 1.1069 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Oct. Nat Gas |
| Resistance 3 | 378.8 | 488.5 | 894.67 | 314.53 | 2.76 |
| Resistance 2 | 375.7 | 484.8 | 889.58 | 312.77 | 2.73 |
| Resistance 1 | 372.3 | 478.5 | 880.92 | 310.53 | 2.70 |
| Pivot | 369.2 | 474.8 | 875.83 | 308.77 | 2.67 |
| Support 1 | 365.8 | 468.5 | 867.2 | 306.5 | 2.6 |
| Support 2 | 362.7 | 464.8 | 862.08 | 304.77 | 2.60 |
| Support 3 | 359.3 | 458.5 | 853.42 | 302.53 | 2.56 |
| Date | 4:01pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuSep 10 | 1:30am | EUR | French Final Non-Farm Payrolls q/q | 0.2% | 0.2% | ||||
| 2:45am | EUR | French Industrial Production m/m | 0.3% | -0.1% | |||||
| 8:30am | USD | Unemployment Claims | 279K | 282K | |||||
| USD | Import Prices m/m | -1.7% | -0.9% | ||||||
| 10:00am | USD | Wholesale Inventories m/m | 0.2% | 0.9% | |||||
| 10:30am | USD | Natural Gas Storage | 94B | ||||||
| 11:00am | USD | Crude Oil Inventories | 0.3M | 4.7M | |||||
| 1:01pm | USD | 30-y Bond Auction | 2.88|2.3 |
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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 9, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Greetings!
Did you know Cannon offers FOREX trading including the MT4 platform?Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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!
| Contract Sept. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2037.25 | 4467.83 | 17110 | 1185.80 | 96.69 |
| Resistance 2 | 2003.00 | 4386.67 | 16800 | 1173.70 | 96.47 |
| Resistance 1 | 1984.25 | 4342.33 | 16630 | 1166.80 | 96.18 |
| Pivot | 1950.00 | 4261.17 | 16320 | 1154.70 | 95.96 |
| Support 1 | 1931.25 | 4216.83 | 16150 | 1147.80 | 95.66 |
| Support 2 | 1897.00 | 4135.67 | 15840 | 1135.70 | 95.44 |
| Support 3 | 1878.25 | 4091.33 | 15670 | 1128.80 | 95.15 |
| Contract | Dec. Gold | Dec. Silver | Oct. Crude Oil | Dec. Bonds | Sept. Euro |
| Resistance 3 | 1138.3 | 15.40 | 49.10 | 157 9/32 | 1.1358 |
| Resistance 2 | 1132.2 | 15.14 | 47.75 | 156 18/32 | 1.1295 |
| Resistance 1 | 1127.0 | 14.96 | 46.83 | 155 8/32 | 1.1249 |
| Pivot | 1120.9 | 14.70 | 45.48 | 154 17/32 | 1.1186 |
| Support 1 | 1115.7 | 14.52 | 44.56 | 153 7/32 | 1.1140 |
| Support 2 | 1109.6 | 14.26 | 43.21 | 152 16/32 | 1.1077 |
| Support 3 | 1104.4 | 14.08 | 42.29 | 151 6/32 | 1.1031 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Oct. Nat Gas |
| Resistance 3 | 374.3 | 487.3 | 897.42 | 315.27 | 2.82 |
| Resistance 2 | 371.4 | 482.0 | 891.08 | 313.13 | 2.77 |
| Resistance 1 | 369.8 | 478.5 | 885.17 | 310.87 | 2.74 |
| Pivot | 366.9 | 473.3 | 878.83 | 308.73 | 2.69 |
| Support 1 | 365.3 | 469.8 | 872.9 | 306.5 | 2.7 |
| Support 2 | 362.4 | 464.5 | 866.58 | 304.33 | 2.61 |
| Support 3 | 360.8 | 461.0 | 860.67 | 302.07 | 2.58 |
| Date | 4:08pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedSep 9 | Tentative | EUR | German 10-y Bond Auction | 0.61|1.3 | |||||
| 10:00am | USD | JOLTS Job Openings | 5.30M | 5.25M | |||||
| 1:01pm | USD | 10-y Bond Auction | 2.12|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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 September 4, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Greetings!
From my colleague John Thorpe below:
The market structure has changed if you hadn’t noticed.
ESUS-Daily(Default):6Hours 3minites 49 seconds
Footnote: 1.) Office of the Comptroller of the Currency, U.S. Department of the Treasury. OCC Bulletin 2014-9; Final Regulations
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!
| Contract Sept. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 1999.00 | 4371.08 | 16741 | 1169.50 | 97.55 |
| Resistance 2 | 1986.25 | 4337.67 | 16639 | 1163.40 | 97.09 |
| Resistance 1 | 1967.50 | 4286.58 | 16503 | 1153.30 | 96.72 |
| Pivot | 1954.75 | 4253.17 | 16401 | 1147.20 | 96.27 |
| Support 1 | 1936.00 | 4202.08 | 16265 | 1137.10 | 95.90 |
| Support 2 | 1923.25 | 4168.67 | 16163 | 1131.00 | 95.44 |
| Support 3 | 1904.50 | 4117.58 | 16027 | 1120.90 | 95.07 |
| Contract | Dec. Gold | Dec. Silver | Oct. Crude Oil | Dec. Bonds | Sept. Euro |
| Resistance 3 | 1144.9 | 15.29 | 51.11 | 156 9/32 | 1.1377 |
| Resistance 2 | 1139.4 | 15.12 | 49.76 | 155 19/32 | 1.1311 |
| Resistance 1 | 1132.1 | 14.89 | 48.34 | 155 3/32 | 1.1220 |
| Pivot | 1126.6 | 14.72 | 46.99 | 154 13/32 | 1.1154 |
| Support 1 | 1119.3 | 14.49 | 45.57 | 153 29/32 | 1.1063 |
| Support 2 | 1113.8 | 14.32 | 44.22 | 153 7/32 | 1.0997 |
| Support 3 | 1106.5 | 14.09 | 42.80 | 152 23/32 | 1.0906 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Oct. Nat Gas |
| Resistance 3 | 372.7 | 489.0 | 892.83 | 318.07 | 2.86 |
| Resistance 2 | 370.3 | 484.3 | 887.67 | 314.93 | 2.80 |
| Resistance 1 | 365.9 | 474.8 | 878.58 | 311.57 | 2.76 |
| Pivot | 363.6 | 470.0 | 873.42 | 308.43 | 2.69 |
| Support 1 | 359.2 | 460.5 | 864.3 | 305.1 | 2.7 |
| Support 2 | 356.8 | 455.8 | 859.17 | 301.93 | 2.59 |
| Support 3 | 352.4 | 446.3 | 850.08 | 298.57 | 2.55 |
| Date | 3:32pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriSep 4 | 2:00am | EUR | German Factory Orders m/m | -0.5% | 2.0% | ||||
| 4:10am | EUR | Retail PMI | 54.2 | ||||||
| 5:00am | EUR | Revised GDP q/q | 0.3% | 0.3% | |||||
| Day 1 | ALL | G20 Meetings | |||||||
| 8:10am | USD | FOMC Member Lacker Speaks | |||||||
| 8:30am | USD | Average Hourly Earnings m/m | 0.2% | 0.2% | |||||
| USD | Non-Farm Employment Change | 217K | 215K | ||||||
| USD | Unemployment Rate | 5.2% | 5.3% |
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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 19, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your 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.
If you like Our Futures Trading Daily Support and Resistance Levels, Please share!
|
All times are Eastern time Zone (EST)
|
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 judgment in trading.
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 18, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Today I must share an observation that may help many of you.
Did you know Cannon offers FOREX trading including the MT4 platform? Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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!
| Contract Sept. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2131.75 | 4645.75 | 17794 | 1250.60 | 97.44 |
| Resistance 2 | 2115.50 | 4605.25 | 17653 | 1236.70 | 97.20 |
| Resistance 1 | 2107.25 | 4584.25 | 17579 | 1229.40 | 97.00 |
| Pivot | 2091.00 | 4543.75 | 17438 | 1215.50 | 96.76 |
| Support 1 | 2082.75 | 4522.75 | 17364 | 1208.20 | 96.57 |
| Support 2 | 2066.50 | 4482.25 | 17223 | 1194.30 | 96.33 |
| Support 3 | 2058.25 | 4461.25 | 17149 | 1187.00 | 96.13 |
| Contract | Dec. Gold | Sept. Silver | Sept. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1131.1 | 15.58 | 43.55 | 160 6/32 | 1.1190 |
| Resistance 2 | 1126.6 | 15.48 | 43.12 | 159 25/32 | 1.1160 |
| Resistance 1 | 1121.8 | 15.38 | 42.50 | 159 7/32 | 1.1122 |
| Pivot | 1117.3 | 15.28 | 42.07 | 158 26/32 | 1.1092 |
| Support 1 | 1112.5 | 15.19 | 41.45 | 158 8/32 | 1.1054 |
| Support 2 | 1108.0 | 15.09 | 41.02 | 157 27/32 | 1.1024 |
| Support 3 | 1103.2 | 14.99 | 40.40 | 157 9/32 | 1.0986 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Sept. Nat Gas |
| Resistance 3 | 385.5 | 522.3 | 934.00 | 324.30 | 2.85 |
| Resistance 2 | 382.5 | 518.2 | 928.50 | 321.50 | 2.82 |
| Resistance 1 | 378.5 | 511.3 | 922.75 | 318.10 | 2.78 |
| Pivot | 375.5 | 507.2 | 917.25 | 315.30 | 2.75 |
| Support 1 | 371.5 | 500.3 | 911.5 | 311.9 | 2.7 |
| Support 2 | 368.5 | 496.2 | 906.00 | 309.10 | 2.68 |
| Support 3 | 364.5 | 489.3 | 900.25 | 305.70 | 2.64 |
| Date | 3:37pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueAug 18 | 8:30am | USD | Building Permits | 1.21M | 1.34M | ||||
| USD | Housing Starts | 1.20M | 1.17M |
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 judgment in trading
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