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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Some Days are Just Losing Days!! Sept. 28th Futures Trading Levels 9.28.2022

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Some days are just losing days!!

 

Don’t fight it. You will have losing days. I have been in the futures industry for 22 years now and never have I met a trader who did not have a losing day…and I will never meet one….impossible.

 

Understand it and accept it. One of your hardest jobs as a day trader is to make sure a losing day does NOT become a disaster…Our human emotions and our brain is not programmed very well to learn how to lose. Yet one of the key differences between traders and those who try to become “traders”…is that traders first learn how to lose. They understand losing is part of trading. The others, refuse to take a losing day and will make many mistakes along the way to make a “normal losing” day into a disaster. That may be carrying positions overnight when they normally don’t, reversing, pyramiding and many other mistakes that they would normally not make. That turns a “normal losing day” (maybe for an account of $10,000, a normal losing day would be down $700?) into one of those days where they wipe out half of their account, if not more.

 

Have realistic expectations. Under the statistics of your own trading. Keep notes.

 

Sometimes we need to learn how to lose before we can excel in trading.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

09-28-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

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

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Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK before trading tomorrow, Sept. 27th Futures Trading Levels, Reports & More!

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WYNTK for the Week of September 26th…

Tuesday is going to be an extremely busy day for FED Speak! and early too! The EARLY Kickoff begins at 3:30 am ET and again at 6:15 am ET for Chicago Fed Chair Charles Evans. To be followed by Jerome Powell Fed Chair at 7;30 am ET BEFORE MARKET OPEN. James Bullard will also be presenting @ 9:55 am ET. We can throw into the mix a few economic data releases as well. Durable goods orders will be released at 8;30 am ET some housing data at 9am and consumer confidence , new home sales at 10amET., Money supply released at 1PM ET this should all make for a volatile Tuesday session, please adjust your trading size accordingly.. On Wednesday the 28th we have more speeches from Fed members Bostic, Bullard, Powell and Bowman 8:35 am ET, 10:10 am ET, 10:15am ET and 11am ET respectively. Advance international trade in goods will be released @ 8:30am ET, these should all keep the energy in the markets moving. Thursday the 29th we get the all important GDP, the third iteration of the 2nd quarter number with a consensus range of -7%- -5% quarter over quarter annual rate, a deviation from this consensus may be enough to shock market direction in a very short period of time.. then jobless claims should also effect the market direction, Both will be issued at 8:30 am ET . and Finally, for Friday, the equity markets will need to unwind a bit before the weekend, but first it will need to digest Personal Income and Outlays; this report is released at 8:30 am ET with 2 more fed speakers ,Barkin and Brainard at 8:30 am and 9:30 am Respectively. Make it a solid week and remember to plan your trade and trade your plan!

 

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

09-27-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

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

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Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK Before Trading Tomorrow, Sept. 22nd 2022 Futures Trading Levels

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Bullet Points: Hot off the FOMC Meeting

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.

Futures Trading Levels

09-22-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

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

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Futures Trading Insight + Trading Levels 9.20.2022

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December is now front month for MOST markets out there…

December ES, December euro, December gold, December Tbonds and more.

Crude oil front month is now November.

 

 

Are you trading using order flow? volume profile? heat map? Try Volumetrica powerful tools.

 

 

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

 

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

Futures Trading Levels

09-20-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

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

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Quadruple Witching Tomorrow + Future Trading Levels 9.16.2022

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Quadruple witching tomorrow….

 

Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.

 

Keep in mind that September mini SP and it’s relatives ( mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.

 

The September contract will simply cease to trade. If you have not switched to December yet, now is the time…..

 

Also start trading December currencies!

 

Would you like to trade futures using MT5? if so, reply back to this email!

 

 

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

 

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

Futures Trading Levels

09-16-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

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

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Anticipated PPI Report Tomorrow + Future Trading Levels 9.14.2022

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CPI report lived up to the hype!  MAJOR volatility in speed and magnitude of the move!

The Mini SP 500, one of the most liquid markets in the world, sold off over 100 points in less than 1 minute!!

Traders “pulling out the bids” ahead of the report as well as the fast move caused many stop orders to get rejected!!

How can that be?

When impactful economic reports are released, we expect large , violent price swings. which may leave your open positions unprotected , even with stop orders. What creates the volatility? people cancel their bids and offers making for large orders, that would easily be absorbed by the market during normal conditions moving the market precipitously in either direction. As a result, the exchange wants a “balanced order book and created a Price band within which reasonable orders will be maintained, but if the market moves outside the band within seconds those orders are cancelled and not longer working, just like a stop with a limit would function.

We will expand on this topic in depth on tomorrows blog.

PPI tomorrow….Today was one of the highest volume days in recent month for stock index futures.

Below a 10 second chart of the ES from today! Click image to enlarge. A move of almost $6,000 in 45 seconds!

Stock Index futures are entering the “rollover period”.

December is now the front month/ higher volume.

September will expire this coming Friday at 8:30 Am Central time.

E-Mini S&P 500 Daily 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.

Futures Trading Levels

09-14-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

 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

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK before Trading Tomorrow, Sept. 13th 2022 Trading Levels

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

Stock Index futures are entering the “rollover period”.

Somewhat of a choppy intraday price action.

December is now the front month/ higher volume.

September will expire this coming Friday at 8:30 Am Central time.

Tomorrow we have an anticipated CPI report ahead of next week’s FOMC. Below is a good informative piece by my colleague, John Thorpe:

Has the Stock Market bottomed?

In the Yardeni Bull/Bear index, the last temperature taken on Sep. 7th, there were .53.3 % bearish vs only .18% bullish sentiment for the Stock market. With the August Consumer Price Index Release 7:30 am Central time, the Peak inflation game speculation may be nearly done.

What I mean by that is we will have established a turn in the voracity of “the Summer of Inflation” IF the year over year change is less than last month’s 8.5 %, the consensus is a reading between 7.9-8.3 % ( whenever i talk about consensus right before a report you can damn well know that is already discounted by the market) The commonly quoted inflation rate is actually the change in the CPI from the year earlier or Yr/yr. see lower number. Now think of the number being released with three potential outcomes relative to the consensus. Higher than, the same as or less than expectations. If the market has been rallying because of the consensus, and we believe we can make an argument this is true, then the markets reaction to a Higher CPI number will provide a backdrop for a sharp sell off in equities. If the CPI number is a lower number than consensus, I could make a strong case for the market to rally and hold it. And finally, if the CPI numbers are in line with expectations, the sellers will be more aggressive as the previous weeks ralies will have been overdone in anticipation of lower CPI numbers and expect the market to sell off as it waits for more data. CPI is currently an important indicator for market direction as the FED uses some of this data to drive it’s rate decision making process.. I included the Yardeni Bull/Bear ration to give you a sense that even with the rally in the stocks these past few weeks, many institutions are Bearish yet still, and may be close to a capitulation point if the CPI Data is extremely positive tomorrow. (CPI % lower than consensus. Plan your trade and trade your plan.

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

Futures Trading Levels

09-13-2022

 

Improve Your Trading Skills

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK before trading tomorrow, Sept. 9th Futures Trading Levels

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

Stock Index futures are entering the “rollover period”.

Used to be that the Thursday before was the “official rollover day” but last few years more and more traders simply follow the volume and it seems that the volume will go to the next month, in this case December around Monday coming up. We will keep you posted.

For now September has more volume and we will keep posting September levels.

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

Futures Trading Levels

09-09-2022

Futures Support & Resistance Trading Levels 9.08.2022

 

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Economic Reports, Source: 

Forexfactory.com

Forex Factory Reports 9.09.2022

 

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.

WYNTK before trading tomorrow, Sept. 7th Futures Trading Levels

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Short trading week ahead as we come back after Labor Day long weekend.

Keep in mind that crude oil inventories will come out Thursday instead of the regular Wednesday release.

Natural gas continues to be volatile dropping over 8.5% today!! almost $7600 per ONE contract.

British pound held nicely compare to the other currencies as UK welcomed a new Prime Minister.

Stock index futures experienced VERY choppy action on higher than avg. volume today, the day after a long weekend.

Daily chart of the mini SP 500 ( ESU22) for your review below, notice market is hanging right above FIB support level:

Mini S&P Daily 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.

Futures Trading Levels

09-07-2022

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK before trading tomorrow, Sept. 2nd Futures Trading Levels

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

Bullet Points: Highlights and Announcements

By Mark O’Brien Senior Broker

Financials: Given Federal Reserve Board Chairman Jerome Powell’s statements at last week’s Economic Policy Symposium in Jackson Hole, where he reiterated the Fed.’s commitment to halting inflation and that “some pain” will come to the U.S. economy as a result, U.S. and other global stock markets, while lower this week, have been measured and arguably not anxiety-filled. At least for the time being, traders seem to have factored in continued interest rate hikes by our central bank and other countries’ and slower, possibly even recessionary conditions. That was read into Wednesday’s ADP private payrolls report that showed a deceleration in jobs creation (132,000 in August).

Next up: the closely watched Non-farm payrolls report this Friday, widely considered to be one of the most important measures of the U.S. economy.  A survey of economists forecast an increase of 318,000 new jobs (median estimate).

Metals: Dec. gold traded through $1,700/oz this morning, marking its longest monthly losing streak in four years, and Dec. silver tumbled to $17.40 intraday – a more than two-year low – as traders expect rising interest rates will persist making Treasury bonds and the U.S. dollar more attractive.

Lumber: Rising interest rates and a strong U.S. dollar have weighed on other commodity prices. Basis the Nov. futures contract, lumber prices have been slashed by more than half since their early-Feb. highs of ±$1,000/board foot, trading to $460/board foot intraday today – to its life-of-contract low. Credit weak demand as well, with a cooling housing market and falling new home construction.

Energy: Crude oil (Dec.) continued it’s steep sell-off this week – losing ±$10/barrel over the last three days – returning to near its mid-August/5-month lows near $86.00/barrel. The market seems dogged by softening demand with several major cities in China seeing new Covid restrictions, including the total lockdown of Chengdu with ±20 million people.

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

Futures Trading Levels

09-02-2022

Futures Commodities Trading Levels for September 02 2022

 

 

 

 

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Economic Reports, Source: 

Forexfactory.com

Commodity reports for 09.02.2022

 

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.

First Notice & Last Trading Days for September & Reports for 09.01.2022

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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. If you have any questions please contact us

 

* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.

CME GLOBEX Labor Day Trading Schedule

CME GLOBEX Labor Day Trading Schedule
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

Futures Trading Levels

09-01-2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

 

*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

Globex® Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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.

Adjust your Trading to Volatility & Futures Trading Levels 8.31.2022

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December is now the front month for bonds, ten years, Silver, Copper, most grains, metals and softs.

ASP unemployment early in the session and later Crude oil inventories.

Also tomorrow is the last trading day of the month.

 Last Friday Powell 8 minute speech injected volatility back into the markets.

Few pointers below, hope it helps.

 

*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I do know that in the past, some of the sharpest and largest rallies were short covering after a large sell off. More often than not market sell offs and volatility like we are seeing do not end up as V type of action but more like U or W when it is all said and done.

 

*Expect the unexpected…

 

* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!

 

* Think money management, hedging risk while you are still trying to figure out how to profit.

 

* Know what is going on, reports, current margins, current limits and more.

 

·    Consider short term options instead of futures and/or MICROS

 

*Trade smaller. The bands are much larger. Watch the VIX.

 

* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.

 

 

My colleague, John Thorpe, Ex floor broker, contributed the following on the VIX and the VVIX:

 

We recommend all stock indices intraday traders to keep an eye on the VIX for directional clues and study, many of you have access through other means to view this critical trading barometer, VIX now trades 5 days per week ,23 hours per day. if you need to add the VIX data to your trading platforms , it’s 3 bucks per month, penny wise and pound foolish if you don’t. Contact your broker on how to add the Volatility Index traded through the CBOE to your trading platform

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

Futures Trading Levels

08-31-2022

Futures Support Resistance Levels 8.31.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

Customize your DOM + Futures Trading Levels for 08.26.20

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A Video on How to Customize your Multiple DOMS

Some traders are more visual than others.

Regardless of your style of trade, I feel that organizing the DOMs in the way shown in the video can help anyone who trades more than one market at a time.

WATCH VIDEO

If you like this platform, try it in REAL TIME, free demo mode!

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

Futures Trading Levels

08-26-2022

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


Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK before trading tomorrow, August 25th Futures Trading Levels

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Bullet Points: Highlights and Announcements

By Mark O’Brien Senior Broker

Energy: September Natural gas touched $10.028 per million British thermal units intraday yesterday, a 14-yr. high. It closed at $9.193 – a ± $9,000 per contract correction off its highs, yet still more than twice the price a year ago.

Financials: If you turn to any financial news source, you’d think the only thing traders are thinking about this week is the Federal Reserve Bank of Kansas City’s annual Economic Policy Symposium. This is a 3-day gathering of about 120 economists and policy makers from government agencies and academia – including many central bankers – from around the world. It all takes place in Jackson Hole, Wyoming starting tomorrow.

Why is it important? The symposium kicks off with a speech given by the Chairman of the U.S. Federal Reserve, currently Jerome Powell. While not an FOMC meeting where central bank policy is communicated and interest rates are set, the speech has become an opportunity to define the Fed’s. comprehensive policy approach on a global stage to a far-reaching audience. Thus, it has become highly anticipated – arguably more so than past symposium speeches given the current historic rise in inflation globally, and particularly in the U.S. and Europe. Probably the overarching question traders are listening for Chair Powell to answer (he almost certainly will not come right out and say it) is whether the Fed will raise rates by 50 or 75 basis points when Federal Reserve members meet in September to consider monetary policy.

Ten Year Notes Daily Chart below ( click image for larger chart):

Ten year notes downside pressure. Close below 117.070 on an hourly basis cam trigger 116.060 pretty quick. My speculation.

10 year US Treasury Notes Daily Chart
Sierra Charts Teton Order Routing demo

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

Futures Trading Levels

08-25-2022

Support Resistance Levels 8.25.2022

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Economic Reports, Source: 

Forexfactory.com

 

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

Lowest Day Trading Margins? Think Twice! + Futures Trading Levels 8.24.2022

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Asking for the lowest day trading margins may not always be the best idea when it comes to trading futures…..

 

Watch this short video for some insight by our VP, Ilan Levy-Mayer

 

Please contact our professional staff for more details.

Sierra Charts Teton Order Routing demo

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

Futures Trading Levels

08-24-2022

Futures Trading Support Resistance Levels 8.24.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

All Roads Lead to Jackson Hole + Futures Trading Levels 8.23.2022

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All Roads Lead to Jackson Hole…

By John Thorpe, Senior Broker

Most of the August 22 week economic data will probably take a backseat to anticipation of Jerome Powell’s speech about “The Economic Outlook” on Friday at 10:00 ET at the Jackson Hole Symposium.

In the past, the Fed Chair has used this opportunity to signal the direction of monetary policy or policy framework updates or offering insight into the Fed’s balance sheet impending adjustments. What is expected are comments related to Policymakers continuing to move to a restrictive stance on interest rates (additional tightening) until they are sure that inflation is on a trajectory of the 2 % inflation target rate.

Chairman Powell will probably also note that Fed’s balance sheet reductions will pick up the pace in September providing less stimulus. Chairman Powell will probably be able to speak to some improvements in Demand as well as some relief in the supply chain issues.

Even though we have a number of economic numbers the Fed’s Open market committee will be digesting this week for policy change announcements for the next meeting in September, I will expect Chairman Powell will include the caveat that the FOMC is data dependent and there’s plenty of data between now and then. As we look forward to this open Microphone meeting on the 26th, we have plenty of Data for the market to digest as well between now and then,  Tuesday PMI Composite and New Home Sales, Wednesday Durable Goods and pending home sales, Thursday GDP (second estimate of Q2 GDP) and Jobless claims Plan your trade and trade your plan!!

 

Please contact our professional staff for more details.

 

Sierra Charts Teton Order Routing demo

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

Futures Trading Levels

08-23-2022

Futures Support Resistance Levels 8.23.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK before trading tomorrow, Aug 19th 2022 Futures Trading Levels

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Very light day tomorrow when it comes to economic reports.

We use to call it cheddar Cheese Friday as the cheese report was the only one out on certain Fridays….

Volume is stock indices has been lighter these past few days and I have seen more range bound trading in the Mini ES than normal. Summer trading.

One can never tell when volatility decides to visit…..

Sierra Charts Teton Order Routing demo

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

Futures Trading Levels

08-19-2022

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


Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK before trading tomorrow, Aug 18 2022 Futures Trading Levels

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Bullet Points: Highlights and Announcements

By Mark O’Brien Senior Broker
Financials: On Monday, the People’s Bank of China cut two key interest rates by ten basis points and pumped the equivalent of ±$60 billion into the financial system to rev up lending and prod wider economic growth. A number of economists viewed the unexpected move as a small opening move toward future support by China’s central bank for the country’s economy, and may foreshadow deeper cuts to borrowing costs down the line. The rate cuts came on the heels of data released Monday showing economic activity slowed across the board in July, including factory output, investment, consumer spending, youth hiring and real estate.
Today the U.S. Federal Reserve released its minutes of their prior meeting showing the board was unanimous in the central bank’s last rate decision – a second 75-point increase in as many meetings – and in their outlook that further rate increases were needed, but were sensitive to the risk of going too far. “Participants judged that, as the stance of monetary policy tightened further, it likely would become appropriate at some point to slow the pace of policy rate increases while assessing the effects of cumulative policy adjustments on economic activity and inflation,” the minutes said.
Energy (Crude oil): After trading to 6-month lows Tuesday, September WTI crude oil advanced ±$1.20/barrel to ±$87.75 after the EIA’s weekly supply report showed a steeper-than-expected draw down in U.S. crude stocks.
(Natural gas): Today, September Natural gas traded to new intra-day high of 9.677 – also a new life-of-contract high as analysts warned European natural gas prices could rise an additional 60% this winter.
Softs (Cotton): on Friday the USDA supply/demand report dramatically lowered estimates for the U.S. cotton crop and slashed the 2022/23 projected ending stocks to their lowest level on record – primarily due to the extended drought in Texas. Since the mid-July lows near 83 1/2 cents/pound, Dec. cotton advanced to near $1.20 / pound yesterday, a ±$18,000 move.
Livestock (Cattle): Today, Dec. live cattle traded to within .40/lb. of its contract high close of $152.07/lb. on April 21. The cattle market remains in a steady 2 1/2-month uptrend as traders see tightening supply over the next three quarters.
Sierra Charts Teton Order Routing demo

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

Futures Trading Levels

08-18-2022

Support + Resistance Levels 8.18.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

FOMC Minutes, Crude Oil Inventories + Futures Trading Levels 8.17.2022

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

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

Futures Trading Levels

08-17-2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Quick Videos on Trading Techniques + Futures Trading Levels 8.16.2022

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Trading Videos

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

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

Futures Trading Levels

08-16-2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

8 Steps to Better Your Trading + Futures Trading Levels 8.12.2022

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8 Steps to Improve your Trading

My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 22 years.
The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading strategies are risky and can involve significant losses.
1. Education
Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to good futures trading strategies. The second type of education is ongoing: learning about trading techniques, the evolution of futures markets, different trading tools, and more.
2. Find A System
I am definitely not advising you to go on the web and subscribe to a “black box” system (using buy/sell triggers if don’t know why they are being generated). What I am advising is developing a trading technique: a general set of rules and a trading concept. As you progress, you may want to put the different rules and indicators into a computerized system, but the most important factor is to have a focus and a plan. Don’t just wake up in the morning and trade “blank.”
Sierra Charts Teton Order Routing demo

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

Futures Trading Levels

08-12-2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

CPI Results Today + Aug 11th Futures Trading Levels, Reports

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CPI came and definitely had an impact on the market, ES jumped about 50 points in less than 20 seconds.
PPI tomorrow.
A bit on both below:
  • CPI — Consumer Price Index follows inflation of consumer purchased goods. Essentially it’s the cost of goods from the view of the retail buyer.
  • PPI — Producer Price Index follows the inflation of the cost to create goods/services. Basically inflation in the eyes of the producer.
Plan your trade and trade your plan!
Sierra Charts Teton Order Routing demo

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

Futures Trading Levels

08-11-2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

WYNTK before trading tomorrow + Futures Trading Levels 8.10.2022

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What You Need to Know Before Trading 8.10.22

By Mark O’Brien, Senior Broker

 

Financials:

Keep an eye out for the Labor Department’s release of this month’s Consumer Price Index tomorrow and the Producer Price Index on Thursday. Both will be looked at as guidance for the Federal Reserve as it approaches its September 20-21 meeting, on the heels of back-to-back 75-basis point rate hikes at their last two respective meetings. Economists polled by Reuters are forecasting a ±8.7% year-over-year CPI headline reading, down slightly from the 9.1% jump in June.

Roughly during that same period, several commodity prices have fallen dramatically. Sept. corn futures have dropped ±24% over the past three months; July wheat prices have fallen by ±27%, and soybean prices are down by ±14%.

Crude oil – trading as low a s $88/barrel last week – is now below price levels prior to Russia’s invasion of Ukraine. Prices paid at the pump nationally have fallen as well, approaching an average of $4 per gallon in the U.S. compared to a peak of over $5 per gallon in June.

 

Softs:

Big news regarding lumber futures! Yesterday, the CME Group introduced revamped lumber futures and options. These are not newly offered alternative/mini futures contracts and options, but a complete remodel of the existing ones. The contracts and options kept the same symbols, but the leverage was reduced to 1/4 the prior specifications: 27,500 board feet, down from 110,000. Now, a $1.00 move is equal to $27.50, down from $110.00.

 

The contracts’ minimum tic size increased from $0.10 ($11) to $0.50 ($13.75).

 

Trading hours: Mon. – Fri.: 9:00 A.M. – 3:05 P.M., Central Time.

 

Contract settlement remains physically delivered.

 

Please contact our professional staff for more details.

 

Plan your trade and trade your plan!

Sierra Charts Teton Order Routing demo

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

Futures Trading Levels

08-10-2022

Futures Support Resistance Levels 8.10.2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Micro Crude Oil + Trading August 9th Futures Levels

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Crude Oil Trading Updates, Opportunities and Risks:

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

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

Futures Trading Levels

08-08-2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

Non Farm Payrolls Report + Aug 5th Futures Trading Levels

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The monthly unemployment report due tomorrow before the cash open.
NFP=Non Farm Payrolls AKA monthly employment rate AKA unemployment figures…..MARKET MOVING EVENT.
Stock index futures saw one of the choppiest price action in a few weeks ahead of the anticipated report.
Crude oil futures broker major support level today and price action at these levels will be watched closely.
Gold futures broke higher ahead of NFP and testing major resistance at 1819.
Strong bounce in the grain markets after a few days of lower price action.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

08-05-2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Managing Expectations + Futures Trading Levels 8.04.2022

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Managing Expectations for the Non Farm Payroll Release.

by John Thorpe, Senior Broker
This Friday, we will get the market moving report before the open @ 8:30a.m. EDT. It’s important to understand that this information in this format has already been digested by or priced into the market. These opinions are published by Econoday.com. When the Bureau of Labor Statistics releases the actual numbers, the market may violently react if the numbers in each or several of the below categories differ from the consensus viewpoints. If the numbers are in line with expectations, the markets will typically offer limited change in their pricing of the affected asset(s).
.
Employment Situation 
Employment Situation 8/05/2022
Consensus Outlook
A 250,000 rise is Econoday’s consensus for nonfarm payroll growth in July which would be much lower than June’s as-expected 372,000. Average hourly earnings in June cooled to 0.3 percent on the month and to 5.1 percent on the year with steady showings expected for July, at 0.3 and 5.0 percent.
Definition
The most closely watched of all economic indicators, the employment situation is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.
Nonfarm payrolls track the number of part-time and full-time employees in both business and government. Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked. The report’s private payroll measure excludes government workers.
The unemployment rate measures the number of unemployed as a percentage of the labor force. In order to be counted as unemployed, one must be actively looking for work. Other commonly known data from the household survey include the labor supply and discouraged workers. Why Investors Care
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

08-04-2022

Support Resistance Futures Trading Levels 8.04.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

Highlights and Announcements This Week + Trading Aug 3rd Futures Trading Levels, Reports & More!

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Highlights and Announcements for This Week

The first Friday of the month is coming up and with it the release of the Labor Department’s monthly Non-farm payrolls report, widely considered to be one of the most important and influential measures of the U.S. economy. Likely its numbers will be looked at through the prism of the Federal Reserve’s recent rate hikes to glean whether the economy will be capable of holding up against them. Consumers seem to be holding their own, if recent durable goods, personal income and personal spending readings have anything to say (which they have).
Even the current earnings cycle – including recent announcements – have yielded overall positive results, albeit often accompanied with negative forward guidance.  The report is released at 7:30 A.M., Central Time.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

08-03-2022

Support Resistance Levels 8.03.2022

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Economic Reports, Source: 

Forexfactory.com

Forex Factory Reports 8.03.2022

 

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.

WYNTK before trading July 29th + Futures Trading Levels & Reports 7.29.2022

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What you need to Know before trading July 29th

December gold is now front month.
More Earnings numbers tomorrow , most before market opening Exxon Mobil XOM and Chevron CVX along with Procter and Gamble PG all three with the inflation piece as part of their stories. In addition , another hot inflation data point is Personal income and Outlays released at 7:30 am CDT before Equity market open.
Tomorrow is last trading day of the month. First and last trading days of the month can at times have unique characteristics.

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

Futures Trading Levels

07-29-2022

Futures Trading Levels 7.29.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

Daily Mini NQ Chart Review + Futures Trading Levels 7.27.2022

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Consistency, Discipline, Expectations

FED raises rates by 75 basis points as widely expected.
market rallied pretty hard in similar fashion to the last FOMC (which was followed by a large sell off after….) Will be interesting to see market and price action during the last two trading days of the week.
On a different topic:
When was the last time you evaluated yourself when it comes to trading?
Are you consistent or do you change methodology every other week?
Are you discipline or as soon as you hit a large losing day you throw away all your rules out the window?
Are you realistic with your expectations or do you really expect to day trade and be profitable every single trading day?
These are just some questions/pointers to help you in this tough journey called trading.
More to follow in the next few blogs.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Daily Mini NQ 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.

Futures Trading Levels

07-28-2022

Futures Support + Resistance Levels 7.27.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

FOMC Tomorrow + Futures Trading Levels for 7.27.2022

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FOMC Tomorrow – Fed decision

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

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

Futures Trading Levels

07-27-2022

Futures Trading Levels Support + Resistance 7.27.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

FOMC this week + Futures Trading Levels for 7.26.2022

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CME Fed Watch Tool

By John Thorpe, Senior Broker
“Wall Street’s Big Adventure” Not only do many analysts consider this the biggest earnings week of the 2nd Quarter but Fed Chairman Jerome Powell will be taking about the Fed’s newest rate decision. If you have followed previous blog posts you will know how to use this tool. Remember, the market discounts expectations and any surprise from expectations are what actually move the markets in the short run.
Tuesday after the market close MSFT, GOOGL, GOOG, MCD and GM, Earnings estimates for 4 of those five are slightly positive on a per share basis, except for GM, -7.43 percent decline from the past quarter… moving on to Wednesday we have META formerly Facebook after the close -4.26% expectation and on Thursday AAPL and AMZN .
2ND Quarter GDP will be released Pre -Open at 7:30 CDT: according to Econoday.com Second-quarter GDP is expected to accelerate to 0.5 percent annualized growth versus first-quarter contraction of 1.6 percent. Personal consumption expenditures, after the first-quarter’s plus 1.8 percent rate, are expected to rise 1.3 percent.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

07-26-2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Price Banding + Futures Trading Levels for July 22nd, 2022

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Price Banding

By Mark O’Brien, Senior Broker
The CME Group – where stock index futures like the E-mini S&P 500E-mini Nasdaq, E-mini $5 Dow Jones and other markets trade – has several measures in place to ensure that their markets work in an efficient and orderly manner during volatile market conditions. Among the more commonly-known put in place by the CME Group are their price limits and circuit breakers.
Another, maybe less-commonly known, but very important measure to understand is price banding.
Price banding is a mechanism designed to help prevent erroneous, unintended trades. Price banding rejects orders outside a given range, or band. Bands are calculated dynamically, meaning they’re constantly moving, based on the last traded price of a market. A price band is defined as the highest bid price and lowest ask price from the last traded price within which a non-stop order – like a limit order – can be placed.
For example:
The price banding for the E-mini S&P 500 is 6 points.
If the market’s last trading price is 3980.00, its price band is between 3986.00 (bid), 3974.00 (ask). If a BUY LIMIT order is placed with a LIMIT PRICE of 3988.00, because the LIMIT PRICE is outside/above the upper 6-point price band the order would be rejected.
If a SELL LIMIT order is placed with a LIMIT PRICE of 3942.75, because the LIMIT PRICE is outside/below the lower 6-point price band the order would also be rejected.
Price banding is applied to each CME Group produce individually. A complete list of banding information for CME Group markets is available via this Excel reference sheet.
A short video further explaining price banding – and price limits – is available at the CME Group web site on this page.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

 

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 always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

07-22-2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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

Price Limits & Circuit Breakers + Futures Trading Levels for July 21st 2022

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Price Limits and Circuit Breakers

By Mark O’Brien, Senior Broker
The CME Group – where stock index futures like the E-mini S&P 500, E-mini Nasdaq, E-mini $5 Dow Jones and other markets trade – has several measures in place to ensure that their markets work in an efficient and orderly manner during volatile market conditions.
Given the volatility in several markets over these last many months – and of course the volatility that almost inevitably lies ahead – it’s important to know these measures. Among the more commonly-known put in place by the CME Group are their price limits and circuit breakers.
Price limits are the maximum price range permitted for a futures contract in a trading session. Price limits vary from product to product, as does what happens when a price limit is hit. In some markets, trading is temporarily halted from moving beyond the price limit until it can be expanded. In others trading is stopped from moving beyond a price limit for the day.
Circuit breakers are price limits that, when reached, pause a market for a particular period of time. Most circuit breakers are “traditional,” where a series of price limits are set above and below a reference price, usually based on the market’s previous settlement price. Once a circuit breaker is triggered, the next level of circuit breaker comes into effect. Some circuit breakers are “dynamic,” meaning they move with the market and allow them to move a certain distance within a certain period of time, usually an hour. Each CME Group product has its own assigned values used to calculate the circuit breakers levels. Typically, they’re calculated as percentages of their previous settlement price.
By establishing these types of price fluctuation limits specific to each product, the exchange can help restrict a market from moving too far or too fast in a specific period of time.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

07-21-2022

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Invaluable FedWatch Tool + Futures Trading Levels for July 20th 2022

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Invaluable FedWatch Tool

By John Thorpe, Senior Broker
I have highlighted this tool before. the totally neat feature of this tool is it is based in the Fed Funds futures contract price movements. Because it is a reflection of market sentiment, this makes it relatively easy to see and sense the actual price discounting that is going on in the equity and bond markets and what represents “Fair Market Value” as this tool changes on a day to day basis. Imagine a zero news day. This tool would not provide any percentage changes, the FF Futures wouldn’t have moved much and the only “wiggle” in the stock indices would not be news driven and of only a technical nature. Now Imagine a day with a lot of information, as that information streams into the consciousness of traders “discounting of future prices” moves the market. As the importance of interest rate decisions have been providing market direction recently, I recommend every traded keep this link saved to your browser favorites as we approach the next and subsequent Fed Meetings . ( you can look at what the market expects for Futures Meetings as well using this tool) Spend some time with this tool https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

07-20-2022

 

 

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

 

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

What’s moving markets this week? + Futures Trading Levels for July 19th 2022

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What’s moving markets this week?

By John Thorpe, Senior Broker

The most salient measure of a recession may be the accumulated results of corporate profits or the lack of during this earnings season. Q-2 earnings reports are picking up steam, Monday we will see 20 with a notable 19:1 split for both Alphabet symbols. GOOGL and GOOG. After market close we have IBM. Before todays open we had mixed numbers relative to estimates with B of A BAC underperforming expectations and Goldman Sachs GS besting by 10% the pre report earnings estimates . Tuesday we’ll see 50 reports Wednesday 80, Thursday 81 and Friday only 30 with a MEME stock Gamestop GME 3;1 split. Netflix NFLX will be Tuesday’s big name reporting after the close with lower expectations of 2.90 per share , if the actual comes in much lower then the “streaming recession” will be in full force. Watchout below NQ and MNQ Wednesday after the close Tesla TSLA reports along with Alcoa AA as additional thermostats for the state of our economy. Estimates are 1.91 and 2.88 per share respectively. Economic numbers

 

Economic numbers for the week of importance :

Tuesday morning 7:30 CDT am US: Housing starts and permits

Wednesday 9:00am CDT US: Existing Home Sales 9:30 CDT am US: EIA Petroleum Status BOJ Rate announcement @ 9:30 PM CDT

Thursday EuroZone: ECB Rate announcement 7:15 CDT US: Jobless Claims 7:30 CDT

Friday a slew of EuroZone Retail sales and PMI numbers between 1 am CDT and 7:30 CDT with the US:PMI flash number due out at 8:45 CDT.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

07-19-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

What You Need to Know for Trading July 15th + Futures Trading Levels for July 15th 2022

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Highlights and Announcements for 7.15.2022

By Mark O’Brien, Senior Broker
Financials: Yesterday’s release of the Labor Department’s Consumer Price Index showed prices that consumers pay directly climbed to 9.1% in June, a pace not seen in more than four decades. A broad array of food and energy categories rose by double digits year-over-year.
This morning, the Labor Department released the June Producer Price Index (PPI) showing the cost of wholesale goods and services jumped 1.1% in June and 10.8% year-over-year. The PPI report reflects what companies pay for supplies such as grains, fuel, metals, lumber, packaging and so forth.
Yet within the “headline” number, a few glimmers of hope that inflation might be abating surfaced. If food, gas and retail trade margins are omitted the so-called core PPI rose just 0.3% in June. That’s the smallest increase in the core rate in four months. In another good sign, wholesale food prices rose a scant 0.1% in June – the smallest advance in six months.
Economists still caution that steady progress has to be shown before it can be called a trend and households still devote a large share of their budgets to fuel and meals. And notwithstanding these hints that inflation is starting to recede, there is still pressure on the Federal Reserve to act more aggressively to slow rapid price increases throughout the economy.
Energies: Also yesterday, the U.S. Energy Information Administration reported crude oil inventories added 3.3 million barrels over the week to July 8. After falling ±7% on Tuesday – below $100 per barrel – and further yesterday, August crude oil touched $90.56 intraday today, certainly in part due to continued concern about the immediate future of the economy, both in the U.S. and globally.
Softs: Today Dec. cotton closed down its current daily price limit of 4 cents (a $2,000 per contract move) to $0.8371 (83.71 cents per pound), its lowest price since Sept. ’21. This marks a ±50-cent ($25,000) decline from its May 19 intraday high of $1.3379. Other softs such as coffee and sugar are seeing price declines in recent weeks as the U.S. dollar continues to strengthen, making U.S. dollar denominated commodities less attractive to international buyers.
Dollar: Speaking of U.S. dollar strength, this morning the September Euro FX futures contract traded down to an intraday low of exactly 1.0000, putting it briefly right on par with the U.S. dollar for the first time in two decades.  The euro has been losing ground against the dollar since the start of the year, when it hovered near $1.13 and well off its peak of nearly $1.60 in 2008.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

07-15-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

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

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

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

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

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

Futures Trading Levels

07-14-2022

 

Futures Trading Levels, Support & Resistance

 

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Economic Reports, Source: 

Forexfactory.com

 

 

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

New Contract to Hedge Mortgage Price Risk + Futures Trading Levels for July 13th 2022

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New Contract to Hedge Mortgage Price Risk

by John Thorpe, Senior Broker
The 10 year note has been a benchmark of the mortgage industry and the CBOT division of the CME has had a 10 yr note futures contract for nearly 35 years it is based on a 6% coupon and a $100,000.00 face value. the symbol is ZNU22. the initial margin is 1980.00 per 100,000.. Now you can trade the micro version and this one is yield based rather than Price based so for some, it will be easier to recognize against the current media stream of interest rate quotes on a percentage yield basis. If you have an opinion on the direction of interest rates, this is a low margin cost solution and the symbol is 10YN2 for the July contract that is cash(financially) settled! today’s last price is 2.965 or the rate of the 10 year note you would expect to see rather than 118.16 that represents the full sized contract.
Micro 10 Year Futures Note; 10YN22
The initial requirement is currently $264.00 it makes sense to have a few contracts running in the background of your portfolio to hedge interest rate price risk. the exchange lists the first 2 months rather than a quarterly cycle for you to trade.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

Futures Trading Levels

07-13-2022

 

 

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Economic Reports, Source: 

Forexfactory.com

 

 

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

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

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This weeks potential Market Movers

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

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

Futures Trading Levels

07-12-2022

 

 

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Economic Reports, Source: 

Forexfactory.com

 

 

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

NFP Report Tomorrow + Futures Trading Levels 7.08.2022

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NFP Tomorrow: Non Farm Payrolls AKA Unemployment report.

You didn’t miss it. Due to the Dept. of Labor Statistics’ release date rules, the first Friday of the month (last Friday) was not the date for the release of the June unemployment report. The Independence Day holiday pushed the report to this Friday, July 8. Same time: 7:30 A.M., Central 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.

Futures Trading Levels

07-08-2022

Futures Trading Levels 7.08.2022

 

 

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Economic Reports, Source: 

Forexfactory.com

 

 

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

What You Need to Know Before Trading July 7th + Futures Trading Levels 7.07.2022

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What You Need to Know Before Trading July 7th:

by Mark O’Brien
Softs:
Big news regarding lumber futures! Pending approval, on Aug 8 the CME Group will introduce revamped lumber futures and options. These are not newly offered alternative futures contracts and options, but a complete remodel of the existing ones. The contracts and options will keep the same symbols but the leverage will be 1/4 the existing specifications: 27,500 board feet, down from 110,000. A $1.00 move will be equal to $27.50, down from $110.00.
The contracts’ minimum tic size will be going up from $0.10 ($11) to $0.50 ($13.75).
Trading hours: Mon. – Fri.: 9:00 A.M. – 3:05 P.M., Central Time.
Contract settlement will remain physically delivered.
Energies:
Also due to the Independence Day holiday, the weekly Energy Information Agency (EIA) Petroleum Status Report (Energy Stocks) will be released tomorrow, as opposed to its regularly released time earlier this morning.  The weekly Natural Gas Storage Report typically released on Thursday will do so at its regular time: 9:30 A.M., Central Time. Then, at 10:00 the Energy Stocks report will be released.
After spiking above $120 a barrel only a month ago, crude oil prices have been slipping over the last two weeks and the drop has accelerated in recent days, including trading down to an intraday low of $95.10 (Aug. WTI contract) this morning. That’s a ±$25K per contract move.
Take a look at a ±$40K per contract move. Aug. natural gas pierced $9.50 on June 8th. It’s hovering near ±$5.50 today – and traded to $5.32 intraday yesterday.
Financials:
You didn’t miss it. Due to the Dept. of Labor Statistics’ release date rules, the first Friday of the month (last Friday) was not the date for the release of the June unemployment report. The Independence Day holiday pushed the report to this Friday, July 8. Same time: 7:30 A.M., Central 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.

Futures Trading Levels

07-07-2022

Futures Support + Resistance Levels 7.07.2022

 

 

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

 

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

First Notice Day + Futures Trading Levels 7.06.2022

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 FOMC minutes, JOLTS job report tomorrow in a short trading week ahead of unemployment Friday.
Crude oil was down over $8 or 8%!! big move.
Expect some wilder swings…..

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

Futures Trading Levels

07-06-2022

 

Futures Support + Resistance Levels 7.06.2022

 

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

 

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

4th of July Trading Hours + Futures Trading Levels 7.01.2022

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Financials: Due to the Dept. of Labor Statistics’ release date rules, this coming first Friday of the month will not see the release of the June unemployment report. The Monday holiday (Independence Day) pushed the report to next Friday, July 8.
Please have a Safe and Happy Holiday!!
From the CME Globex Control Center, here is the summary of KEY changes, per CME market segment –
Friday – ALL markets = REGULAR close
Sunday night – NORMAL OPEN times – (except grains and meats = stay closed)
Monday –
Equities and Int. Rates — go into HALT at 12:00 noon
Energies and Metals — go into HALT at 1:30
Crypto and FX — to into HALT at 4:00
Monday night – NORMAL OPEN for all markets.
Tuesday – grains and meats re-OPEN at 8:30 am
CME Globex Independence Day Holiday Schedule 2022

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

Futures Trading Levels

07-01-2022

Futures Trading Levels Support + Resistance 7.01.2022

 

 

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Economic Reports, Source: 

Forexfactory.com

 

 

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

Last Trading Day for June + Futures Trading Levels 6.30.2022

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What You Need to Know Before Trading June 30th by Mark O’Brien:

Grains: The U.S. Department of Agriculture will release its survey of planted acreage for corn, wheat and Soybeans at 11:00 A.M, Central Time. At the same time the agency will also publish data on existing grain stocks
In recent years several large misjudgments have caused big moves in Chicago futures.
Corn will be in the brightest spotlight as just under half of U.S. corn was planted as of mid-May, well below the longer-term average near 70%. One of the big questions the report will spell out is whether high and rising prices were enough to lure producers to plant more corn than intended, or if steep production costs and wet spring weather had them backing off.
Analysts polled ahead of the survey peg U.S. corn plantings at 89.9 million acres, up slightly from 89.5 million in the March survey. U.S. soybean acres are seen landing at 90.4 million in Thursday’s report, still a record but below March’s 91 million-acre peg.
More grains: First Notice Day for grains is tomorrow, June 30. If that escaped your memory and you’re holding long July grains, your clearing firm may be sending you a formal delivery notice. That’s a bona fide headache if you’re not prepared to deliver 5,000 bushels of corn, soybean, wheat or oats – per contract – to the Chicago Board of Trade! If this is you, contact your broker immediately!
Financials: Due to the Dept. of Labor Statistics’ release date rules, this coming first Friday of the month will not see the release of the June unemployment report. The Monday holiday (Independence Day) pushed the report to next Friday, July 8.
Crypto: Coinbase Derivatives Exchange (formerly FairX) launched its first listed crypto derivatives product on June 27, 2022: Nano Bitcoin futures contract (BIT), with each contract sized at 1/100th of a bitcoin. It is a monthly cash-settled contract.

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

Futures Trading Levels

06-30-2022

 

 

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Economic Reports, Source: 

Forexfactory.com

 

 

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

OPEC Meeting Tomorrow + Futures Trading Levels 6.29.2022

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What You Need to Know Before Trading June 29th:

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

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

Futures Trading Levels

06-29-2022

Futures Support + Resistance Levels 6.28.2022

 

 

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Economic Reports, Source: 

Forexfactory.com

 

 

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

Independence Day Holiday Schedule for CME / Globex and ICE Exchange

Independence Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

 

*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

Globex® Independence Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Independence Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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.

How to Trade “Consolidation Patterns” + Futures Trading Levels 6.28.2022

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How to Trade “Consolidation Patterns”

By John Thorpe, Senior Broker
There are a number of consolidation patterns: sideways ranges(rectangles), upward or downward sloping patterns or “flags” , triangular or Pennants. Today I have found on the Continuous Daily Comex Gold chart to illustrate, several recent rectangle consolidation patterns. One recent rectangular consolidation with a false breakout followed by a confirmed breakout and one that is currently forming. A Consolidation rectangle pattern has clearly defined ranges defined by highs and lows that can be connected drawing horizontal lines.
Continuous Daily Comex Gold chart
The above chart reflects just this. There are three points of interest outside the two rectangles, on the first one from March to April there is an upside break out but on light volume, Rule #1. Breakouts must occur on a closing basis on heavier than normal volume. You should not trade the breakout move on lighter volume. #2 wait for a retest of the previous resistance or support line. You will notice the high volume day after the breakout was on a failure of the retest. Good for you! a win, you didn’t fall for the breakout.
And #3, On April 29 had you worked a sell GTC limit order at or around the retest level of 1917,1918,1919.00 (which you could have placed as early as April 25th) you would be short the breakout . Soon after, a new consolidation zone is created and we are still currently inside. You can see two bars outside the consolidation but NOT on a closing basis.
In Summary, look for one of these patterns which are some of the most common, Look for a high volume breakout and don’t get in until the market retests the previous support or resistance area, and try to manage your stop loss orders within the old consolidation areas!!
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.
Past performances are not necessarily indicative of future result

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

Futures Trading Levels

06-28-2022

 

Futures Support & Resistance Levels 6.28.2022

 

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Economic Reports, Source: 

Forexfactory.com

 

 

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

New Home Sales Tomorrow + Futures Trading Levels 6.24.2022

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What You Need to Know Before Trading June 24th:

Energy: Crude oil prices, natural gas, heating oil and unleaded ( RBOB) all finished lower today after the weekly reports and entered a short term downtrend pattern according to to our indicators.
Crypto: Last Trading Day for June Bitcoin futures is this Friday, June 24th. These are financially settled (no physical delivery), but if you’re holding longer-term positions in the June contract, you need to roll your position over/forward to the new front month contract – July.
Financials/Stocks: New Home Sales tomorrow. Stocks been choppy with high intraday volatility.
Grains: Strong sell off ahead of July OPTIONS expiration tomorrow.
First Notice Day for grains is next Thursday, June 30. Avoid delivery and roll your positions! Front month for most grains is now September. U
Softs: Time to trade September Coffee, Cocoa, OJ. October Sugar and the most liquid month for cotton seems to be December!
Metals: Multiple “sell signals” across gold, silver, copper, platinum and palladium turned the sector into short term bearish. Be careful as these markets tend to be “moody”. Daily chart of Copper(in my opinion was the leader in the directional change in the complex ) below for your review.
Copper Futures Daily 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.

Futures Trading Levels

06-24-2022

Futures Support Resistance Levels 6.24.2022

 

 

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

 

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

What You Need to Know for Trading June 23rd + Trading Levels 6.23.2022

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What You Need to Know for Trading June 23rd

by Mark O’Brien, Sr. Broker:

Energy: Crude oil prices slumped to their lowest prices in over a month. August West Texas Intermediate (WTI) traded to an intraday low of $101.83 a barrel, prices not seen since May 19 and nearly $20 off its $120.88 intraday high of last Tuesday (6/14).
More energy: You didn’t miss it. Due to the Monday Junteenth holiday, the weekly Energy Information Agency (EIA) Petroleum Status Report (Energy Stocks) will be released tomorrow, as opposed to its regular Wednesday release.  The weekly Natural Gas Storage Report typically released on Thursday will do so at its regular time: 9:30, Central Time. Then, at 10:00 the Energy Stocks report will be released.
Crypto: Last Trading Day for June Bitcoin futures is this Friday, June 17. These are financially settled (no physical delivery), but if you’re holding longer-term positions in the June contract, you need to roll your position over/forward to the new front month contract – July – by no later than tomorrow, Thursday, June 23.
Financials: Today Federal Reserve Bank Chairman Jerome Powell addressed the Senate Banking Committee, as his schedule happened to play out, just one week after the Fed ordered the largest interest rate increase since 1994. The central bank is under growing pressure to combat inflation, which hit a four-decade high of 8.6% in May. Tomorrow, Chairman Powell addresses the House Financial Services Committee where members will also question the Chairman on the nation’s economy.
Grains: After rallying more than 30 cents during early trading, July wheat gave back all of its gains and then some to close down 2 cents and traded intraday to its lowest price ($9.60) since March 2nd.
July Soybeans hit a 1-month low $16.54 ¼ a bushel. This as the latest 1-5-day weather forecast less heat and scattered chances of rain over the next two weeks, with even some below normal temperatures, helping to spark aggressive long liquidation selling from speculators.
More grains: First Notice Day for grains is next Thursday, June 30. Avoid delivery and roll your positions!

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

Futures Trading Levels

06-23-2022

 

Futures Support + Resistance Levels 6.23.2022

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

CPI Tomorrow + Futures Trading Levels 6.22.2022

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Short Trading Week left…..no commentary. Wishing you good and disciplined trading!

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

Futures Trading Levels

06-22-2022

Futures Trading Support Resistance Levels 6.22.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Quadruple Witching + Futures Trading Levels 6.17.2022

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After starting with a mildly positive tone following yesterday’s Fed 0.75% rate hike – the biggest U.S. rate hike in 22 years – global markets have turned sharply to the downside. The turning point likely came with a surprise 0.50% rate hike by the Swiss National Bank – the first rate hike in 15 years from a central bank with a long-standing dovish policy stance. That increased market anxiety over how entrenched rising inflation has become around the globe.
On a daily basis, U.S. stock indexes have attained oversold status, so an occasional flight-to-quality issue might provide some temporary support. Take into account that the markets remain in a steep downtrend as investors brace for a possible recession and sellers could remain active with so much anxiety and uncertainty.
August Crude Oil is now FRONT MONTH.
Juneteenth Trading Schedule: Markets will observe modified trading hours this Monday in observance of Juneteenth. Click the LINK for more info.
Rollover Notice: September is now the front month for Stock Index futures like E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000 etc. as well as for financials like ZB and ZN and currencies as well, like 6E, 6B etc.
Click the LINK for more info.
June stock index futures will settle into cash on Friday morning right around the open.

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

Futures Trading Levels

06-17-2022

 

 

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

 

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

75 Basis Hike – Now What? + Futures Trading Levels 6.16.2022

Get Real Time updates and more on our private FB group!
We heard FOMC decision and commentary LIVE while it was taking place!
Major news and much more are offered by TradeTheNews.com and Cannon offers a free trial for this premium service utilized by trading professionals across the globe!
FREE TRIAL: TradeTheNews.com News and Out-Cry SQUAWK BOX Channels, 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.
08:38 *(US) FED CHAIR POWELL: DOES NOT EXPECT 75BPS HIKES TO BE COMMON; EITHER 50BPS or 75BPS RAISE SEEMS MOST LIKELY AT NEXT MEETING – POST RATE DECISION COMMENTS – Next meeting could well be decision between 50bps and 75bps; Would take us to a more normal range and then we’d have optionality on speed of rates moving forward – SEP shows we want to see policy at modestly restrictive level at end of this year; That’s generally a range of 3-3.5% – Fed will try not to add uncertainty – Further surprises in inflation could be in store; Will need to be nimble – In current circumstances we think it’s helpful to provide more clarity than usual on policy; Markets show they understand the path we lay out – When I offered guidance of 50 bps hike at last meeting, I said that if data came in worse than expected, we would consider more aggressive move; CPI and inflation expectations data last week made us realize 75bps was way to go – Did not want to wait another six weeks for larger move; We thought strong action was needed at this meeting – We would like to see a series of declining inflation readings; Looking for ‘compelling evidence’ of inflation abating – We had expected to see inflation flattening out by now – Demand is still very hot; We would like to see demand moderating – We’d like to see labor market in better balance between supply and demand; Feels there is a role for Fed in moderating labor demand – Fed will not be completely model driven in our approach – Neutral rate is ‘pretty low’ these days; We will find out neutral rate empirically – Data shows inflation expectations are still in place where short-term inflation high but comes down sharply over the medium term; Last week’s Univ of Michigan inflation reading was ‘quite eye-catching’ – This was a very unusual situation where we got new inflation data that affected the outcome of the decision late, during the blackout period – What we want to see is a series of declining monthly inflation readings; We will not declare victory until we see compelling data that inflation is coming down – Clearly our goals are getting inflation to 2% while keeping the labor market strong; The pathways to achieving this have become more challenging due to factors outside of our control (like the Ukraine war) – Expectations are at risk due to high headline inflation – Consumer spending overall remains strong; No signs of a broader slowdown in the economy; People are talking about a slowdown a lot due to higher gas prices and lower stock prices, but not seeing signs of broader slowdown – On rates there is always the risk of going too far or not far enough; Worst mistake we could make would be to fail on inflation and restoring price stability, that is the bedrock of the economy – We don’t think we are seeing a wage/price spiral – I think the projections in the SEP would meet the test of a ‘softish’ landing; I do think it is possible, but the events of the last few months have created a greater degree of difficulty – We will have the Fed funds rate somewhere in the 2%’s by the end of the summer; We will also have more data by then – This is a highly uncertain environment; We will be determined but flexible – Have no reason to think that QT will lead to liquidity issues in the market- Carefully watching how much policy will affect housing market and residential investments – Source TradeTheNews.com
Rollover Notice: September is now the front month for Stock Index futures like E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000 etc. as well as for financials like ZB and ZN and currencies as well, like 6E, 6B etc.
June stock index futures will settle into cash on Friday morning right around the open.

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

Futures Trading Levels

06-16-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Juneteenth 2022 Holiday Schedule for CME / Globex and ICE Exchange

Juneteenth 2022 Holiday Schedule for CME / Globex and ICE Exchange

 

*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

Globex® Juneteenth 2022 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Juneteenth 2022 Holiday Schedule for CME / Globex and ICE Exchange

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.

FOMC Tomorrow + Futures Trading Level for 6.15.2022

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Big day tomorrow! More than a few reports including crude oil numbers and most important, FOMC – Fed decision.
Looks like the FED will raise rates between 50-75 basis points.
The exact figure?
How many fed governors voted? language? future projections?
All these factors will be KEY.
The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3725.00 with a stop at 3719.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3719.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!
Rollover Notice: September is now the front month for Stock Index futures like E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000 etc. as well as for financials like ZB and ZN and currencies as well, like 6E, 6B etc.
ESU22 instead of ESM22.
June stock index futures will settle into cash on Friday morning right around the open.
Please contact a Cannon broker with ANY questions!

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

Futures Trading Levels

06-15-2022

Futures Support and Resistance Levels

 

 

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

 

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

FOMC Week + Futures Trading Levels for 6.14.2022

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

FOMC Week!

By John Thorpe, Senior Broker
Federal Funds rate, the DOT Plot and CPI vs PCE
Wednesday , June 15th the U.S. Fed will release it’s guidance on short term interest rates in lieu of recent inflationary measures. One of the purposes of markets is to discount the potential for future events. When a rate announcement is made, price action in markets affected by the change tend to be muted. Conversely, a surprise announce will create more volatility in both directions as bids are cancelled, removing price floors or offers are cancelled removing price ceilings.
Here are some fascinating tools that are available to the novice and professional alike. If you have any questions about how to use them or read them please call your CannonTrading broker @ 800-454-9572.
First here is a snapshot of the consensus from
There is a futures contract based on the FOMC Fed Funds rate and it’s the 30 Day Federal Fund Futures contract, listed monthly ZQN22 will be the July FF Futures contract.
Please pull up the quote and feel free to trade this liquid contract.. The market prices actually reflect the probability of future rate changes. As most of us are aware, the Fed is currently in a rate hike mode and shouldn’t surprise you to know that by hiking short term interest rates, that’ should reduce the supply and appetite for cheap dollars. By raising rates, the fed would like to influence consumption of goods and services to stop the trend of inflationary price hikes across the broad economy.
The Fed has suggested during previous guidance that they key off of the PCE ( Personal Consumption Expenditures Price Index ) rather than the CPI (consumer Price Index) to base rate change decisions upon. A description of the differences can be found here https://www.bls.gov/osmr/research-papers/2017/st170010.htm
And Finally the CME has a wonderful “probalistic” tool called the “Fed Watch Tool” you will find the DOT Plot, probabilities of future rates all the way out to July 2023
Plan your trad and trade your plan.

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

Futures Trading Levels

06-14-2022

Support and Resistance Levels 6.14.2022

 

 

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Rollover Notice + Futures Trading Levels for 6.10.2022

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Large sell off today in stock index futures.

Tomorrow we have CPI which is a market moving event.
Also read below regarding rollover notice.

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

Heads up traders! We’re approaching important dates on the trading calendar.
Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.
I personally start trading SEPTEMBER this Monday when the volume on September is higher than the June.
  Volume in the June contracts will begin to drop off until their expiration next Friday, June 17th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any June futures contracts through 8:30 A.M., Central Time on Friday, June 17th, they will be offset with the cash settlement price, as set by the exchange.
 Monday, June 13th is Last Trading Day for June currency futures. It is of the utmost importance for currency traders to exit all June futures contracts by Friday, June 10 and to start trading the September futures. Currency futures are DELIVERABLE contracts. By holding any June futures contracts through the close of Last Trading Day, you will be subject to delivering (short positions) or taking delivery of (long positions) the full notional value of the futures contract. So, unless you’re sitting on 12,500,000 Japanese Yen to give to the exchange, exit that short position.
The month code for September is ‘U.’  Please consider carefully how you place orders when changing over.

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

Futures Trading Levels

06-10-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Rollover Notice + Futures Trading Levels for 6.09.2022

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

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

By Mark O’Brien
Heads up traders! We’re approaching important dates on the trading calendar.
Tomorrow, Thursday, June 9, is roll-over day for stock index futures contracts, i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.  Starting tomorrow, the September futures contracts will be the front month contracts.  Volume in the June contracts will begin to drop off until their expiration next Friday, June 17th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any June futures contracts through 8:30 A.M., Central Time on Friday, June 17th, they will be offset with the cash settlement price, as set by the exchange.
 Monday, June 13th is Last Trading Day for June currency futures. It is of the utmost importance for currency traders to exit all June futures contracts by Friday, June 10 and to start trading the September futures. Currency futures are DELIVERABLE contracts. By holding any June futures contracts through the close of Last Trading Day, you will be subject to delivering (short positions) or taking delivery of (long positions) the full notional value of the futures contract. So, unless you’re sitting on 12,500,000 Japanese Yen to give to the exchange, exit that short position.
The month code for September is ‘U.’  Please consider carefully how you place orders when changing over.

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

Futures Trading Levels

06-09-2022

 

Support and Resistance levels 6.09.2022

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Hot Season for the Grain Markets + Support and Resistance Levels 6.08.2022

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

Hot Season for the Grain Markets!

By John Thorpe
This time of year the Grain markets will be more susceptible to large price swings as a result of USDA reports most notably three and one other piece of information to round out the four things we need to pay attention to.
  •  Export Inspections released at 10:00am Central every Monday.   they look like this and can be found here
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
                 REPORTED IN WEEK ENDING JUN 02, 2022
                           — METRIC TONS —
————————————————————————-
                                                  CURRENT    PREVIOUS
             ———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
 GRAIN     06/02/2022 05/26/2022 06/03/2021   TO DATE    TO DATE
BARLEY             0         73          0           0           0
CORN       1,434,683  1,411,734  1,426,845  43,733,073  52,608,324
FLAXSEED           0          0          0           0           0
MIXED              0          0          0           0           0
OATS               0          0          0           0           0
RYE                0          0          0           0           0
SORGHUM      207,953    144,690     65,550   6,328,772   6,271,629
SOYBEANS     350,416    403,617    239,384  49,852,901  56,907,092
SUNFLOWER          0          0          0       2,260         240
WHEAT        352,779    344,907    531,921     225,845     194,485
Total      2,345,831  2,305,021  2,263,700 100,142,851 115,981,770
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.
And look like this Notice the large proportion of very poor to fair with harvest weeks away in many of these states
https://www.cannontrading.com/tools/futures-market/grains/Wheat-Futures
  • USDA Supply/Demand and WASDE released once a month, this week it will be Friday morning at 11:00 Central  you can find them here https://www.usda.gov/oce/commodity/wasde  and they look like this.

 

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

Futures Trading Levels

06-08-2022

Futures Support and Resistance Levels 6.08.2022

 

 

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Where and how do I exit a trade? & Futures Trading Levels 6.07.2022

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

Exiting a Trade might be more important than the entries….

Futures and futures options trading is a challenging activity. More so for those traders who look to trading as an occupation. So much thinking, contemplating, planning goes into trading – related to the markets you’re trading, the strategies that get implemented, the possible risk/reward outcomes. For someone new to trading, seeing the sum total of all the parts may be a lot to take in. Veteran traders will tell you the full picture keeps changing and can be daunting often.
When trading goes well, the trader’s energy and overall outlook is powerful, optimistic and energizing for other aspects of life. When trading goes unsuccessfully, most traders feel the pain in many ways outside of the obvious financial consequences.
Whether you’re a day trader, a position trader, a spread trader, or an option trader, some of the mental challenges and the questions to go with them are constant:
  • Where, When and how do I enter a trade?
  • How do I define risk and implement any type of risk control, like placing stop orders, or implementing some sort of option protection?
  • Where and how do I exit a trade, both in the event of a profitable trade and an unsuccessful one?

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

Futures Trading Levels

06-07-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Unemployment + ISM = VOLATILITY? & Support and Resistance Levels 6.03.2022

Get Real Time updates and more on our private FB group!
Full day tomorrow!
Starting early with NFP report ( Non Farm Payrolls) which is a market mover and you can read more about here.
ISM to follow as well as Fed member Brainard speaking.
Stocks finished sharply higher ahead of the employment report as well as energies and metals.
Expect a volatile 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.

Futures Trading Levels

06-03-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

About Non Farm Payrolls +Futures Trading Levels for 6.02.2022

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NFP -Non Farm Payrolls this Friday

By Mark O’Brien
Coming up: the first Friday of the month. If you’re a futures trader and your markets of choice to trade include stock indexes, treasuries (30-yr. / Ultra T-bonds, 2-, 5, 10-yr. T-notes), currencies, even metals and energies, you know the importance of this day. It’s when the Labor Dept. releases its monthly Non-farm payrolls report. It’s widely considered to be one of the most important and influential measures of the U.S. economy. 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 household employees, domestic household workers and non-profit organization employees. The report also includes other detailed industry data including the overall unemployment rate – as a percentage of the total labor force that is unemployed but actively seeking work – wages, wage growth and average workday hours. The report is released at 7:30 A.M., Central Time.

Coffee to break higher?

See daily chart below.
Coffee Futures Daily 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.

Futures Trading Levels

06-02-2022

Futures Support and Resistance Levels 6.02.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

First Notice Days & Futures Trading Levels 6.01.2022

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

First Notice Days

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. If you have any questions please contact the Trade Desk or your broker. 

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

Futures Trading Levels

06-01-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Memorial Day Trading Schedule & Futures Support & Resistance Levels 5.27.2022

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This Monday we will observe Memorial Day.
Most markets will have modified/shorter trading sessions.
Please make sure you are aware of the modified trading hours by visiting our post.
Have a safe and enjoyable Memorial Day!
CME Globex Memorial Day Holiday Weekend

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

05-27-2022

Support & Resistance Levels 5.26.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Natural Gas New Highs & Futures Support and Resistance Levels 5.26.2022

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The State of Affairs in Energy Futures

by Mark O’Brien, Senior Broker
In recent weeks, we’ve seen declines in global equity markets as well as in consumer and investor sentiment. We’re on the leading edge of a near 8-month rise in inflation to 40-yr. highs – rising at an equal 40-year record pace.
At the same time, some of the latest global inflation data has been inconclusive. Short-term inflation momentum which measures a three-month annualized rate as opposed to the pace of price increases in one month compared with the same month a year earlier (think CPI) have started to soften. The Commerce Department’s monthly personal-consumption expenditures report has shown consumers are shifting to a more-normal balance of spending on goods and services compared to the demand surge earlier in the Covid-19 pandemic.
Regardless of how conditions play out in the coming weeks and months, don’t count on energy prices falling off any time soon. Nationally and globally, even if we experience an economic decline and energy demand subsides, the aftereffects will be slight. Both the supply and demand sides of the equation will account for stubbornly high prices both at the pump and in natural gas. Strategic stockpiles are in need of replenishing, the expanding ban on Russian imports is only beginning to impact prices, structural adjustments to realign energy supply chains to accommodate for the war will take months or longer and seasonal summer demand is on the horizon.
EVEN BETTTER…reach out to a Cannon Trading broker.
Good Trading!
Natural Gas Monthly 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.

Futures Trading Levels

05-25-2022

Futures Support and Resistance Levels 5.26.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Memorial Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

Memorial Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

 

*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

Globex® Memorial Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Memorial Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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.

How will the markets react to New Data? & Support and Resistance Levels 5.23.2022

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The market’s Hypersensitivity to new data and the week in store

By John Thorpe
This is a busy week for tea leaf releases on the US economy,  we won’t see CPI nor will be get the grand Unemployment numbers that come out the first Friday of every month.
Both of those numbers rank as the two most equity and Bond market impactful reports released by the US. Right behind those numbers however will be stirring their equity index drink this week,
Tomorrow, May 24th
8:45 am CT PMI Flash ( what will be the acceleration or deceleration of private sector output for May? )
9:00 CT New Home Sales ( are raising interest rates impacting new sales? If so , to what degree?)
11:20 CT  Fed Chair Jerome Powell speaks at NCAIED 2022 Reservation Economic Summit..( I’ll remind everyone , no matter the venue, when the Fed Chair speaks the market is listening)
Wednesday
7:30 Durable Goods orders!
9:30 EIA petroleum numbers.. (crude can sway the indices.. how are the energy related stocks responding)
Thursday
7:30 CT GDP  (this is the second estimate of the 1st quarter level of US economic activity)
And Jobless claims ! this will be a very busy start to the day…
Be aware of these release times and your positions during these times, adjust your size appropriately to heightened risk.. also look for intraday trend shifts following these impactful numbers,
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

05-24-2022

 

 

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


Economic Reports, Source: 

Forexfactory.com

 

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

Futures Trading Levels for 5.20.2022

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No Commentary – Have a great trading day and a nice weekend!

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

05-20-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Margin Requirements are your Ally + Futures Support and Resistance Levels 5.19.2022

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Margin Requirements are your Ally

By Mark O’Brien, Senior Broker
As a rule, all futures contracts come with financial requirements in order to trade them. These requirements come in the form of margin. For the vast majority of traders – speculators – there are three types: 1.) the initial margin requirement, 2.) the maintenance margin requirement and 3.) the day trading margin requirement. The first two are established by the futures exchange on which a particular futures contract is traded. The initial margin requirement is the amount of cash you must have to initiate a position in the market. The maintenance margin requirement – typically 80-90% of the initial margin requirement – is the amount of money required to maintain the position your account. Day trading margin requirements are set by individual clearing firms and/or brokerage firms and are fractionally lower than a contract’s initial margin requirement, sometimes ±80% below the initial margin requirement.
While all these are designated as requirements, traders should also look at them as guardrails or markers that serve not just to notify you of the potential risk in the market you’re about to trade, but also to give you an idea of the risk to your account you should anticipate once you’re in the trade. Be prepared. In the event the market(s) you’re trading cause an adverse drop in your account’s balance – below the maintenance margin requirement of your position – and a margin call occurs, yes it’s an unfavorable outcome, but it’s also a genuine alert that you need to take action. It’s time to either offset part or all of the position or deposit more money (enough to bring your account back above the initial margin requirement) to keep the position. Treat margin requirements more as words to the wise rather than handcuffs. Trade with the thought that margin requirements are your friend.

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

05-19-2022

 

 

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Ten Year Bonds to Resume Downtrend? & Support and Resistance Levels 5.18.2022

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Ten Year Bonds to Resume Downtrend?

Please chart below or click here for LARGER IMAGE.
Our brokers can help you navigate the different weapons” available to you as a trader. Will outright futures is the right strategy? perhaps futures and options combo? maybe a spread between the 10 year and the 30 year or maybe an options spread like vertical put spread?
10 year Treasury Note Daily 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.

Futures Trading Levels

05-18-2022

Futures Support and Resistance Levels 5.18.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Trader’s Checklist + Futures Trading Levels 5.17.2022

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Trader’s Check List:

·        Review prior day statement
·        Check for any working orders on your platforms.
·        Be aware of contract rollover dates
·        Set a daily loss limit and learn NOT to overtrade
·        Understand what reports are coming out today
·        Make sure you are not distracted
·        Calculate appropriate trading size based on current volatility and account size
·        Start with Larger Time Frame charts to get proper perspective
·        Understand what your goal is
·        Measure your success or lack of
·        Spend time furthering your trading education and exploring different methods
·        Put trading in perspective and make sure the overall psychology of trading fits you.
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

05-17-2022

Futures Support and Resistance Levels 5.17.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Bean Oil Outlook & Futures Trading Levels 5.13.2022

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Grains to resume uptrend? It has been a volatile sector along with the rest of the futures markets.
Soybean Futures Daily 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.

Futures Trading Levels

05-13-2022

 

Support and Resistance Levels 5.13.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

Forex Factory May 13

 

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.

Fine-Tune Your Risk: Tap into the Precision of a Smaller-Sized Contract

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Fine-Tune Your Risk: Tap into the Precision of a Smaller-Sized Contract

By Mark O’Brien, Senior Broker

 

At a fraction of one full-sized contract, Mini and Micro futures provide flexible leverage as an alternative to large contracts. Among the available fractional futures contracts, by far the most well-known and most liquid are the E-mini stock index futures: E-mini S&P 500, E-mini Nasdaq, E-mini Russell 2000 and Mini Dow Jones. With the introduction back in May ’19 of the Micro E-mini futures, there are fractional versions of the E-minis.

 

But stock index futures are not the only ones with fractional contracts. Almost every commodity sector offers futures contracts that are fractional versions of their classic full-sized contracts. They all offer opportunities to trade markets with more precise leverage and reduced margins.

 

In the energy sector, there are E-mini natural gas futures contracts at 1/4 the size of full-sized contract (1 million British Thermal Units). A one-cent move for the E-mini natural gas futures contract is equal to $25.

 

In crude oil, whose full-sized, 1,000 barrel contract is the largest energy futures contract in the world by volume, there are both E-mini crude oil (1/2 the size) and Micro crude oil (1/10 the size).

 

Mini contracts are offered in corn, wheat and soybeans. All are 1/5 the size, so a 1-cent move in each contract is equal to $10.00 compared to a 1-cent move/$50 for their mighty forerunners.

 

In metals, the renowned COMEX 100-ounce gold futures contract can be traded fractionally with a 50-ounce Mini gold and a 10-ounce Micro gold.

 

Both silver and copper offer Mini contracts that are 1/2 the leverage of their respective 5,000-ounce and 25,000-pound full-sized relatives.

 

There are Micro futures contracts with 1/10 the leverage of their full-sized bellwether currency futures for all of those listed below:

 

Euro FX

Swiss Franc

British Pound

Japanese Yen

Canadian Dollar

Australian Dollar

 

A word of caution: many of these contracts’ liquidity is concentrated in their respective front months – often right up to their Last Trading Day. Take care to check a contract’s volume/open interest before trading.

 

 

Contact your Cannon Trading broker for additional information on any of these futures contracts, including price quotation, trading hours, minimum price fluctuation, symbol code, settlement method (cash or physical), risk considerations, etc.

 

Even if you are not a client yet, you can still contact us and we are happy to help.

 

 

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

05-12-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

 

 

 

 

 

 

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

Hedging Services + Futures Support and Resistance Levels 5.11.2022

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Are you are Rancher, a Farmer or a processor and need to lock in Grain prices for feed or for the growing season?, Or maybe you can use assistance placing hedges to offset risk managing your herd in the Cattle or Hog markets? do you need tools for break even analysis?

 

See below what one of our hedging clients had to say!!

 

Visit our site for more info!

Hedging services

hedge cattle

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

05-11-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Inflation & the Markets + Futures Support and Resistance Levels 5.10.2022

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Inflation & the Commodity Markets

by John Thorpe, Senior Broker
There are a number of characterizations of inflation in the business press and social media some related to the speed of inflation as in Creeping Inflation or Moderate inflation even hyper inflation and may be used as adequate adjectives, but these don’t describe what the causes of inflation are of which there can be many.
This Wednesday , CPI or the Consumer Price Index will be published at 8:30 am EDT an often quoted measure of Inflation but not the one the FRB uses to guide interest rate decisions, they choose to focus on the PCE or the Personal Consumption Expenditures Price Index. The Market will focus on both. If you recall last month the CPI showed the largest monthly advance in 42 years. The consensus from Econoday.com is for an 8.1 % Rate, with a much smaller incremental increase than the previous tally. Heading into that number Gold prices had been rallying for 3 successive days and experienced a 20 dollar rally continuing the move and added an additional 2 days of inertia before the peak on April 18th and subsequent sell-off , nearly a month later the Gold market seemingly is telling us that the consensus for CPI will be correct as reflected in weaker gold prices. If you watch the gold market watch the reaction to CPI on Wednesday morning. If CPI is Higher than the consensus and gold rally’s and holds those gains into the 1:30 pm EDT zone, then the recent lows in my view are in.
As for the causes of inflation, today we are in what economists call Demand – Pull inflation. This is when the aggregate demand for goods and services in an economy exceeds the aggregate supply. This concept is associated with full employment when adjusting the supply of goods and services is either not possible, or difficult to achieve in a timely manner. Always have a plan to manage the risk in your trades before you employ your strategy, Plan your trade and Trade your plan
 If you have any questions please contact your broker!
Click on chart below for LARGER IMAGE – Gold Daily Chart
Gold Futures Daily 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.

Futures Trading Levels

05-10-2022

Futures Support and Resistance Levels 5.10.2022

 

 

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


Economic Reports, Source: 

Forexfactory.com

ForexFactory.com 5.10.2022

 

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

Unemployment Report & Support and Resistance Levels 5.06.2022

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NFP tomorrow. The Non Farm Payrolls report in a very volatile environment we are in can be interesting to say the least….be careful out there….
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. If you have any questions please contact your broker!

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

05-06-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Get Staying Power in Volatile Markets & Support and Resistance Levels 5.05.2022

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Basic and Effective Strategies for Trading in Volatile Market Conditions

By Mark O’Brien, Senior Broker
It’s a well-known saying – attributed to John Maynard Keynes: “Markets can stay irrational longer than you can stay solvent.” Two conclusions you could derive from Keynes’ observation: 1.) timing any market is not practicable and 2.) using leverage in volatile markets calls for genuine caution.
We are in the midst of a remarkable display of volatility in nearly every commodity asset class and futures traders can find entering trades a formidable endeavor. The question of where to place protective stop orders becomes more of an informed guess than before these recent months.
But this should not deter traders from entering markets, because there are numerous strategies – by and large incorporating options – that can allow your trades to withstand persistent up-and-down price action.
One of the simplest and more common strategies for futures traders is the incorporation of a purchased call or put option against an associated short or long futures position. Depending on the option’s strike price and expiration date, the maximum risk to an adverse move in the market can be precisely calculated. In addition, the risk to an adverse move in the market during the option’s lifespan up to its expiration date – based on the futures contract’s price – can also be very closely calculated. At the same time, the position’s profitability can also be determined as a result of favorable market movement – over time and price.
This strategy has the important advantage of limited risk and price tolerability during adverse moves in the market that stop orders do not provide. The trade-off comes at the cost of the purchased option and its overall loss in value as a result of time decay during its lifespan as well as its loss in value incurred during a favorable market move for the futures contract.
Contact your Cannon Trading broker for additional information on this strategy and assistance in calculating a particular long option/opposing futures position to see if it relates to your trade style’s risk considerations.

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

05-05-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Gold Watch (Outlook), FOMC & Support and Resistance Levels 5.04.2022

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Gold Watch Part 3

By John Thorpe, Senior Broker
Two weeks ago I highlighted the high of the move as a turning point for the yellow metal in the short term when the market achieved a $2003.00 per ounce daily high .
However, on that day the market closed at $1982.00 a troy ounce, a $20.00 plus dollar retracement off the high , I also noted that the 1920.00 area would be a support zone and that those that intended to go long should use a retracement back to that price level as an area to go long, to risk less by employing a risk strategy underneath 1920.0 per ounce.
Kudos for those that did as not only was this important area breached to the downside on April 25th but April 29th, as the market tested this number again and could not hold this level.1920.00 proved to be a very strong area for this market as the intraday trade hit this price ceiling, failed and closed near the lows at 1896.90.
Had we closed near 1900 today we would again, be off to test the 1920.00 area this week. That was not to be. This market is falling back into the “comfort zone” of the range from the last year of 1900.00 to 1740.00. With the Fed announcing an expected 2 basis point hike this week on Wednesday at 2:00 EDT, I have a theory:
I expect this current price discounting in the gold to temporarily rally hard moments after the Fed release only to sell off at the strength in the US Dollar as a result. It will be interesting to see if my theory works or not.
This should create an opportunity ( AND RISK!!) to sell the gold for a short term , hi volume break down into the low 1800’s. with your risk management technique employed above the 1900.00 area. Inflation is here and from an investment standpoint, because equities and bonds are both weak, (not since the early 80’s have we seen this combination) cash (by way of the US Dollar) is king in the short run.
I rarely recommend using more than 30% of your margin on any single idea and recommend a risk management strategy using, either stops, Options, spreads but prefer not to use the “free hand to click to get out” approach.
Use your disciplines and you will survive to trade another day.
The following are my PERSONAL suggestions on trading during FOMC days:
 1.)  Reduce trading size
2.) Be extra picky = no trade is better than a bad trade
 3.)  Choose entry points wisely.   Look at longer time frame support and resistance for entry. Example, trader x looking to go long the mini–SP at 4325.00 with a stop at 4319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4319.75 and place a stop $250.00 to $500.00 below in this hypothetical example (consider current volatility along with support and resistance levels).
Expect the higher volatility during, right after and during  the news conference 30 minutes 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.
Gold Daily Chart for your Review. Click for LARGER IMAGE
Gold Futures Daily 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.

Futures Trading Levels

05-04-2022

 

Futures Support and Resistance Levels 5.04.2022

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Learning The Different Types Of Charts And Patterns & Support and Resistance Levels 5.03.2022

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Learning The Different Types Of Charts And Patterns Will Be Another Arsenal In Your Trading Tools!

Ascending Triangle Futures Trading Chart Pattern
What is an Ascending Triangle Futures Chart Pattern?
An ascending triangle is a bullish futures pattern that can indicate a breakout in the upwards direction.
How do I Recognize an Ascending Triangle Futures Chart Pattern?
An ascending triangle is formed when resistance remains flat and support rises.

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

05-03-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Weekly Newsletter #1095 Few Ways to Enter a Trade & Trading Levels for the Week and Ahead

Cannon Futures Weekly Newsletter Issue # 1095

Dear Traders,

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Trading 101: Few Ways to Enter a Trade

By Ilan Levy-Mayer, VP and Broker
Today I decided to touch more on an educational feature rather than provide a certain market outlook.
Many of our clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you. Volatility, reports, time of day are major keywords here.
There are so many different aspects to trading. From financial, fundamental, and emotional aspects of when to enter a trade, when to exit a trade and SO MUCH more in between…..
An important part of trading is trade entry. Assuming a trader knows why he/she is about to enter a trade the next step sounds simple right? simply buy or sell the contract you wish to trade….
Perhaps not so simple…read the rest

Valuable Tools & Resources for Traders:

  •  Would you like to get access to daily research? Access info on what is moving the markets both technically and fundamentally? FREE TRIAL
  • Would you like a FREE CONSULTATION? Set up a time to talk with an experienced broker on variety of topics such as trading methods, indicators, concepts, questions on options/spreads/platforms and much more!
  • Are you looking for Trading insights/ techniques? Watch a series of short videos on using Bollinger bands, Range bar charts and more!
  • Thinking about day trading futures? Read the 8 steps for better day trading
  • Looking to lower your commissions? Try our Match or Beat tool
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

05-02-2022

Weekly Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates

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

BIG Friday ahead for the Futures Markets & Support and Resistance Levels 4.29.2022

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Earnings season is still in full swing and fueling an already very EXTREME volatile stock index futures like NQMESYM and others.
Tomorrow we have:
Exxon Mobile
Chevron
Bristol-Myers Squibb
Phillips
Just to name a few. Add this to an active economic calendar you can view below and one should prepare oneself for continued volatility.
The Friday options, which tomorrow are also end of month EOM options may be a good tool to:
Either speculate with the short term options ( probably allow for better staying power than futures in my opinion)
AND/OR
Use as possible protection with the futures.
Plan your trade, trade your plan!

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

Futures Trading Levels

04-29-2022

 

Futures Support and Resistance Levels 4.29.2022

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Quick Recap of a Volatile Week so Far & Trading Levels 4.28.2022

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Quick Recap of a Volatile Week so Far

by Mark O’Brien – Cannon Trading
So far this week, major stock indexes and benchmark interest rate sensitive instruments continued their erratic behavior.
Monday night (China’s Tuesday daytime): the Shanghai Composite index fell 5.1%, its worst selloff in more than two years. The yuan hit its lowest level since late 2020.
Investors are worried that the strict policies China has implemented to combat its most recent Covid-19 will add to the pressures weighing on China’s economic growth and further disrupt global supply chains.
Tuesday: U.S. stock indexes followed China’s with the S&P 500 closing down ±120 points, or 2.8%. The Dow Jones Industrial Average declined ±809 points, or 2.4%. The Nasdaq Composite lost ±514 points, a ±4% pull-back its largest one-day percentage decline since September 2020.
Fears about a resurgence of Covid-19 cases in China, and global inflation are weighing on companies and consumers. The Federal Reserve’s indications that it will quickly tighten monetary policy are threatening to drag on growth.
Wednesday: Federal Reserve governor Lael Brainard won Senate confirmation Tuesday to become the central bank’s vice chairwoman and top adviser to Chairman Jerome Powell.
Fed watchers believe Ms. Brainard’s promotion isn’t likely to change the central bank’s near-term interest-rate policy plans because she has already been serving as a top lieutenant to Mr. Powell.
The yield on the 10-year U.S. Treasury note closed at 2.773%, close to its highest level since 2018. Investors have sold bonds in anticipation of higher interest rates.

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

Futures Trading Levels

04-28-2022

Futures Support and Resistance Levels

 

 

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Economic Reports, Source: 

Forexfactory.com

Forex Factory 4.28.2022

 

 

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.

Next Support for NASDAQ? + Futures Trading Levels 4.27.2022

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China, Ukraine/Russia, earnings, Inflation, rates and overall market sentiment sent stock futures much lower today.
NASDAQ been the leader so far and closed right on the first major support level below. Possible extended target as well as levels above for possible bounces, in the daily chart below for your review.

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

Futures Trading Levels

04-27-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Trading Levels / Support and Resistance Levels & Reports for 4.26.2022

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No words of wisdom today…
Levels and reports for tomorrow below. Good Trading!

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

Futures Trading Levels

04-26-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

NQ Chart + Futures Trading Levels & Reports 4.22.2022

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Interesting intraday action on indices, led by the NASDAQ 100 futures, the NQ or MNQ for the Micros.

Market is sitting on a short term support level as can be seen in the daily chart below.

If you are a day trader, you may want to explore using range bar or volume charts rather than minutes chart as they may help reduce noise in quiet markets and help you make decisions faster when the markets are moving faster. WATCH VIDEO HERE.

NQ chart April

NQ, mini nasdaq futures daily chart on April 21st 2022

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

Futures Trading Levels

04-22-2022

Trading levels for futures

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Bigger Picture + Futures Trading Levels & Reports 4.21.2022

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Global Growth Uncertainty = Great Opportunity and Risk

By Mark O’Brien Senior Broker
Today the IMF stated that it expects global economic growth to slow significantly this year – from 6.1% in 2021 down to 3,6% in 2022. The war in Ukraine is the most impactful catalyst to the downturn, its effects spreading most notably to higher food and energy prices as well as disruptions in global supply chains and trade. The pandemic continues to take a toll on growth as well with China’s growth forecast downgraded in the face of that country’s latest measures to combat the latest variant spread: lockdowns imposed nationally with some encompassing entire cities. Against this backdrop, central banks around the world are grappling with decisions to tamp down inflation. IMF Managing Director Kristalina Georgleva put it succinctly: “This is the most universally complex policy environment of our lifetime.”
This is an uncertain outlook and it translates to commodities prices across nearly all asset classes. Volatility remains the theme of the markets and to restate from past blogs, great opportunity and risk are both easy to find.

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

Futures Trading Levels

04-21-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Beige book, Crude Oil Numbers & Support and Resistance Levels 4.20.2022

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Heads up:

Front month for crude oil is June.
Grains are now ALL July.
Softs ( coffee, sugar etc.) are all July.
Tomorrow we have New Home Sales, Crude oil numbers and Beige book so I suspect to see an active market across the board.

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

Futures Trading Levels

04-20-2022

 

Futures Support and Resistance Levels 4.20.2022

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Gold Futures Outlook Part 2 & Support and Resistance Levels 4.19.2022

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GOLD WATCH Part 2

By John Thorpe, Senior Broker
Last Wednesday on this Blog I highlighted the Gold market as a potential candidate to rally and has continued to.
From a technical perspective Gold Futures does look ready to test recent highs. there was clearly excitement today during the Hong Kong session and then again, follow through buying during the London session with todays high peaking at 9 a.m. NY time @2003.00 per troy ounce before retreating back during the London session to close up on the day but near the lower end of the days trading range.
IN MY OPINION, Today’s Globex session appears to tell the tale of a short term reversal as “Gravestone Doji ” inks the chart today signifying the potential to move this market back into the 1940.00 area the next few days, still staying above critical support of 1920.00 .
A correction could put us in a better position to hold longs closer to support potentially risking less of our capital.. Keep an eye on this market as it is truly ready for a large move one way or the other.
*Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this blog are of opinion only and do not guarantee any profits.
These are risky markets and only risk capital should be used. Past performance is not indicative of future results*
Gold Futures Daily Chart
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

04-19-2022

Support and Resistance Levels 4.18.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

ForexFactory.com

 

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

Good Friday Trading Schedule & Support and Resistance Levels 4.18.2022

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Wishing all of our clients and readers blessed holidays: Easter, Passover and Ramadan!
Markets are closed April 15th, Good Friday.

Good Friday Trading Schedule

Good Friday 2022 CME Trading Holiday Schedule

 

 

 

 

 

Discount Futures Broker 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 when it comes to Futures Trading.

Futures Trading Levels

04-18-2022

Futures Trading Support and Resistance Levels 4.18.2022

 

Sierra Charts, Teton Order Routing

Contact us for a demo and/ or more information here!


Economic Reports, Source: 

Forexfactory.com

 

 

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

Predicting During Confusing Times + Good Friday Trading Schedule + Support and Resistance Levels 4.14.2022

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Predicting in Confusing Times

By Mark O’Brien, Senior Broker
On one hand . . .
U.S. employers are adding hundreds of thousands of jobs a month – adding 431,000 jobs in March – and they would hire even more people if they could find them. U.S. initial jobless claims are at a 54-year low. Wages are rising at their fastest pace in decades.
Businesses are investing. Commerce Department data show U.S. business profits surged 35% last year, the most since 1950. In all four quarters of the year, the overall profit margin stayed above 13%, a level reached in just one other three-month period during the past 70 years.
Consumers are spending and households have trillions in savings. Indeed, the business profits mentioned above are due in large part because of strong household demand.
On the other hand . . . .
U.S. interest rates have risen materially. The average interest rate on the most popular U.S. home loan – the 30-year fixed-rate mortgage – increased to 5.13% last week, up more than 1.5% since the start of the year and the highest level since November 2018.
Strong consumer demand along with surging energy and food costs and global supply constraints have pushed U.S. inflation to a new four-decade high of 8.5% in March from the same month a year ago.
To complicate things further: global turmoil . . .
The war in Ukraine could last many more months, possibly years. The impact of Russia’s Feb. 24 invasion continues to ripple around the world.
China’s recent Covid lockdowns are putting its economy under strain and threatening once again to disrupt global supply chains.
Inflation “fever” is world-wide. India: 6.95%. Eurozone: 7.5%. U.K.: 7.0%, Brazil: 11.3% (all data for March).
These are arguably unprecedented times for futures prices. In the midst of such uncertainty, the call to manage your trades becomes even more important. The potential for price moves even more favorable and profitable than usual for your trades is very attainable. So too is the risk more pronounced. These are the conditions many traders go after.

Good Friday Trading Schedule

Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

04-14-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

Gold Futures Outlook & Support and Resistance Levels 4.13.2022

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IS GOLD’S Lustrous sheen returning for investors?

By John Thorpe, Senior Broker
Stocks lower, Bonds lower, Inflation higher: Gold, after months and years of expecting the price of the metal to gain upward price momentum, the value for investors had been tarnished by the positive returns of high stock prices, Crypto dreams, property values, Gems and artwork whose own luster may now have reached a short term point of no return. The Easy to Easiest money policies over the past decade have caught up and now it’s time to pay of our economic sins. Perhaps these times, the 2022’s and beyond are the right times for investing in the precious metals. Please take a look at the Chart where you will see the importance of the 1920.00 area. It was previously the High of multi year consolidations. 5-31-2021 nearly a year removed , the lows of the past two weeks are skimming along the 50 day SMA. If you are a Steve Nison Fan you may also notice the long legged Doji on March 29th just 2 weeks ago. any long position should be protected under the 1920.00 area as part of your risk management strategy., I will be following this market throughout the summer, please check back for updates and always have an exit strategy that you can employ!
Gold Futures Daily Chart
Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

04-13-2022

Futures Support and Resistance Levels 4.13.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Good Friday 2022 Holiday Schedule for CME / Globex and ICE Exchange

Good Friday 2022 Holiday Schedule for CME / Globex and ICE Exchange

 

*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

Globex® Good Friday 2022 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Good Friday 2022 Holiday Schedule for CME / Globex and ICE Exchange

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.

Trading Videos – Indicators used for Trailing Stops & Exits? + Trading Levels & Reports for 04.12.2022

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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.

Watch the videos instantly by clicking here

Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

04-12-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

SP500 “Buy Program” & Support and Resistance Levels 4.08.2022

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Updates:
  • CME has launched Aluminum futures! more info available herecontact us if you would like to trade Aluminum futures.
  • Would you like to get access to daily research? Access info on what is moving the markets both technically and fundamentally? FREE TRIAL
  • Would you like a FREE CONSULTATION? Set up a time to talk with an experienced broker on variety of topics such as trading methods, indicators, concepts, questions on options/spreads/platforms and much more!
Stock Index futures were significantly lower today but bounced sharply off support levels, news sources cited “buy program” – I mentioned this to a client who asked me what the hell does it mean….
My speculation is that large institution had a “resting order” to buy at that levels, perhaps GTC order , perhaps new order but that was able to absorb all selling pressure and then price went higher, triggered more short covering, fueled intraday buying and helped an impressive intraday reversal.
Two big questions I have:
Am I correct?
What’s next?
My daily chart with some possible levels for what’s next below.
My speculation is as long as we can hold today’s lows, higher prices are path of least resistance.
Break below and it is a different ball game…..
I asked my colleague, John Thorpe for his feedback:
Why the buy programs? an over simplification is where we have been.. take a look at that low we got the bounce from.. and April 6th back in collegiate statistics 101 one of the first things we learn are the differences and applications of the Mean, the median and the mode… using the 4450 area this number satisfies the definition of the median and the mode if we begin taking our data points from the beginning of Q1 2021 for at least the last 6 months 4450 is the midpoint. it’s not that hard see why that is a critical area for the current market and potentially why, when the market got down to that level, Buy programs engaged. this is not to say this is a Fed put. what it does align with are the similarities between where the market was back on august , 31st 2021 and on the open 2 11 22. remember when the ES tested 4200 six times and successfully rallied? a close greater than 4500.00 is the goal and could be the springboard to a significantly higher move and, it may be possible there is a seasonal component too. all markets like to test and retest areas where they have been before. this is no different.
Emini ES daily Chart
Sierra Charts, Teton Order Routing
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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.

Futures Trading Levels

04-08-2022

Futures Support and Resistance Levels 4.08.2022

 

 

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Economic Reports, Source: 

Forexfactory.com

Forex Factory 4.08.2022

 

 

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.

Corn, Wheat Updates & Support and Resistance Levels 4.07.2022

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More Grain & Soy Product Volatility: Corn & Wheat Focus:

by Mark O’Brien
December corn posted its fourth consecutive new contract high yesterday, likely still finding support from last week’s smaller-than-expected planted acreage number in the year’s USDA Prospective Planting report. For both corn and wheat, the war in Ukraine has traders worried about global grain supply, given Ukraine’s significant contribution to both. China’s wheat crop has been described as a “potential disaster,” by the Hightower Report’s Stephen Maass and he’s not alone in his assessment of the country’s crop conditions, due to last fall’s record-breaking rain and flooding and subsequent planting delays. Additionally, record fertilizer prices may cause producers to use less, affecting this crop year’s yield. Phrases like ‘food inflation’ and ‘food scarcity’ are finding their way into commentary on future prices for a range of base commodities like grains, softs (orange juice, sugar, coffee) and other “off exchange” staples.
This all sounds like the stage is set for price increases rarely seen for some commodities, particularly grains, but caveats abound. We’re way too early in the U.S. crop year to foresee how things will play out at harvest. Weather – anywhere in the world – is a fickle element and grain futures prices can seesaw at the slightest hint of change. We’ve already seen commodity prices react – or over react – to even hints of cessations of the war in Ukraine: peace talks, cease fires and the like. This should continue to be the expectation for price moves reacting to more of the same.
Updates:
  • CME has launched Aluminum futures! more info available herecontact us if you would like to trade Aluminum futures.
  • Would you like to get access to daily research? Access info on what is moving the markets both technically and fundamentally? FREE TRIAL
  • Would you like a FREE CONSULTATION? Set up a time to talk with an experienced broker on variety of topics such as trading methods, indicators, concepts, questions on options/spreads/platforms and much more!
Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

04-07-2022

 

 

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

 

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

Copper Pushing Higher? & Support and Resistance Trading Levels 4.06.2022

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Tomorrow we have crude oil numbers followed by FOMC minutes.
Both stocks and energies were significantly lower in today’s trading.
Curious on learning more on the different economic reports and what they mean for the markets you trade? CLICK HERE

Moving Markets

May Copper tried pushing higher today but met heavy selling pressure around 4.86 levels.
Does the market have enough strength to test the 5.00 mark again? Or will it visit 4.64 first?
Click chart for LARGER IMAGE
Copper Futures Daily Chart
Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

04-06-2022

Futures Support and Resistance Levels 4.06.2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

 

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

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

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Let’s Talk SPR

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

Moving Markets

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

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

Futures Trading Levels

04-05-2022

Futures Support and Resistance Levels 4.05.2022

 

 

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

http://BetterTrader.Co

 

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

NFP/ Unemployment tomorrow & Support and Resistance Levels 4.01.2022

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As we approach tomorrow’s NFP ( non farm payroll) or as many refer to, “unemployment report” – major market moving event, we wanted to share this valuable resource:
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

04-01-2022

 

Support & Resistance Levels 4.01.2022

 

Improve Your Trading Skills

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


Economic Reports, Source: 

http://BetterTrader.Co

 

 

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

What to Watch for as we close Q1 2022 & Futures Support and Resistance Levels 3.31.2022

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Coming Up As We Close Q1 2022

By Mark O’Brien
If the war in Ukraine wasn’t disruptive enough for commodity prices, keep an eye out for a few noteworthy potential market movers stacked up over these next two days.
Tomorrow the U.S. Dept. of Agriculture will release its annual Prospective Plantings report. The report establishes acreage estimates for principal crops and leading commodities including corn, wheat, soybeans, oats and cotton for the upcoming crop year. The report is serves as a record of the planting intentions of the nation’s farmers. Acreage estimates are based on surveys conducted during the first two weeks of March. This year the survey reached 78,900 farm operators in 48 states.
Tomorrow is also the date for the 27th OPEC and non-OPEC Ministerial Meeting. Members meet at this event to determine the output levels for production beginning in May. OPEC+, an expanded group that includes non-OPEC members like Russia and Mexico, has immense power because its members control more than 40% of global oil production.
U.S. private employment payrolls rose by 455,000 in March, according to this morning’s ADP National Employment Report. Up next, on Friday the Bureau of Labor Statistics will publish its official nonfarm payroll report. This is one of the most important monthly economic data points on the calendar. It’s intended to represent the total number of paid workers in the U.S., minus farm employees, government employees, private household employees and employees of nonprofit organizations. Economists – polled by The Wall Street Journal – forecasted a gain of 450,000 private sector jobs in March.
https://www.cannontrading.com/services/FreeVideos
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

03-31-2022

 

Futures Support and Resistance Levels 3.31.2022

 

Improve Your Trading Skills

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


Economic Reports, Source: 

http://BetterTrader.Co

Better Trader Economic Reports 3.31.2022

 

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.

Trading Videos 101 & Support and Resistance Levels 3.30.2022

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Trading Videos 101: 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 blog entry today we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
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.
https://www.cannontrading.com/services/FreeVideos
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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

Futures Trading Levels

03-30-2022

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

http://BetterTrader.Co

 

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

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