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Weekly Newsletter #1048 JOIN US in Introducing Micro Bitcoin Futures, Soybean Futures Chart Review & Trading Levels for Week Ahead 4.26.2021

Cannon Futures Weekly Newsletter Issue # 1048

Dear Traders,

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Trading 201 WEBINAR: Introducing Micro Bitcoin Futures Micro-sized Bitcoin, Major Possibilities

Wed, May 5, 2021 1:30 PM – 2:30 PM PDT
Micro sized Bitcoin Futures Contracts
Cannon Trading & CME Group invite you to attend a webinar on Wednesday, May 5, about the NEW CME Group Micro Bitcoin Futures. Join John Bria, CME Group’s Director of Client Development & Sales, as he discusses the growth of crypto, how this micro product has come to fruition and the opportunities that lie ahead for the active trader community.
An Introduction to Micro Bitcoin Futures
Join us for an interactive session where John Bria, CME Group’s Director of Client Development & Sales, as he covers the fundamentals of Micro Bitcoin Futures, while exploring ways in which active individual traders can use these products to diversify their portfolio.
In This Webinar You Will Learn:
• The evolution of cryptocurrency
• CME Group Micro Bitcoin product overview
• Explanation of Bitcoin Reference Rate and real-time index
• Difference in futures v spot transaction costs
• Scaling in and out with Micro Bitcoin Futures
• How to use Micro Bitcoin Futures to manage risk
SPACE is LIMITED, so reserve your space now!
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

Click Here to Reserve your Seat NOW

Soybeans Weekly Chart for your review below. Click here for LARGER IMAGE
May Soybeans have rallied $1.65 in just eight trading sessions, an increase of 12%. The soybean oil market has sliced through its 2011 highs to its highest level since July 2008. May corn closed limit up at 650 1/2 yesterday and has rallied 21.9% off of the March 30 low (a gain of $1.16 3/4). Including today’s session, May corn has not closed lower for 13 days in a row. May wheat closed 37 cents higher on the session yesterday and the buying pushed the market up to a new contract high. The market has now rallied as much as $1.20 off of the March 31st low or up 20.2%. China continues to be a massive buyer of old and new crop corn and soy products. Brazilian weather conditions (dry) as well as early U.S. crop year weather conditions (dry) are keeping upward pressure on extremely overbought prices, but don’t rule out a correction at any time.
Soybean Futures ZSE Weekly Chart
To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy, squares = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.
Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

4-26-2021

 

Weekly Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Reports

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

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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.
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