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Support & Resistance Levels Daily 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.


COT Reports and Other Valuable Information Available from the CFTC 4.20.2018

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

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Dear Traders,

A Quick Review of Valuable  Reports Made Available by the C.F.T.C. for All Traders

By John Thorpe, Cannon Trading Senior Broker

A data source that escapes many futures traders and should be reviewed if you are a serious position trader are the reports compiled on a weekly basis by our chief regulator, The Commodity Futures Trading Commission CFTC. These reports offer insight into market imbalances, liquidity, and large bank, both domestic and international, participation. I encourage all traders, even day traders, to familiarize yourself with these reports as they provide a salient view of market structure given a particular futures contract as the structure changes over time.

There is:

1.) BPR’s “Bank Participation Rate” reports which, by open interest you can view market imbalances. Bank Participation Rate Webpage

Another report compiled by the CFTC is the:

2.) Net position changes. The Large Trader Net Position Changes and the Trading Account Net Position Changes data provides the public with a view of the amount of trading that results in net changes to positions at the trader level and at the account level. Net Position Changes Webpage

https://www.cannontrading.com/tools/support-resistance-levels/quick-review-valuable-reports-made-available-c-f-t-c-traders/

Read the rest of this entry »

Tags: > > Posted in: Future Trading News  

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7 things to know before trading Wheat Futures 4.19.2018

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

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Author: Joseph Easton, Senior Broker at Cannon Trading

Dear Traders,

  1. The Basics:

There are two types of Wheat most commonly traded…

“Chicago Soft Red Winter (SRW) and KC Hard Red Winter (HRW) are the global industry standards for wheat. Chicago SRW Wheat is the most liquid Wheat futures contract in the world, trading the equivalent of more than 15 million tons each day in 2013-9 ½ times more than the largest European contract. Producers, processors, millers and exporters continue to look to Chicago SRW and KC HRW Wheat for the liquidity that is critical for any risk management solution.

Liquidity means that you can execute positions quickly, effectively and efficiently. Liquidity offers more flexibility in structuring hedging strategies to meet your timing and market needs. And when the world is facing new challenges in Wheat risk management, liquidity provides the security you need in order to respond with confidence” – CME Group

Read the rest of this entry »

Tags: > > Posted in: Future Trading News   | Futures Trading  

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A Quick Review of Valuable Reports Made Available by the C.F.T.C. for All Traders

By: John Thorpe, Cannon Trading Senior Broker 

A data source that escapes many futures traders and should be reviewed if you are a serious position trader are the reports compiled on a weekly basis by our chief regulator, The Commodity Futures Trading Commission CFTC. These reports offer insight into market imbalances, liquidity, and large bank, both domestic and international, participation. I encourage all traders, even day traders, to familiarize yourself with these reports as they provide a salient view of market structure given a particular futures contract as the structure changes over time.

There is:

1) BPR’s “Bank Participation Rate” reports which, by open interest you can view market imbalances. Bank Participation Rate Webpage

Another report compiled by the CFTC is the:

2) Net position changes. The Large Trader Net Position Changes and the Trading Account Net Position Changes data provides the public with a view of the amount of trading that results in net changes to positions at the trader level and at the account level. Net Position Changes Webpage Read the rest of this entry »

Tags: > Posted in: Future Trading News  

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

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

____________________________________________________________________

Dear Traders,

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

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

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

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

Read the rest of this entry »

Tags: > > Posted in: Crude Oil   | Day Trading   | Future Trading News  

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7 Things to Know Before you Start Trading Wheat Futures

Author: Joseph Easton, Senior Broker at Cannon Trading

  1. The Basics:

There are two types of Wheat most commonly traded…

”Chicago Soft Red Winter (SRW) and KC Hard Red Winter (HRW) are the global industry standards for wheat. Chicago SRW Wheat is the most liquid Wheat futures contract in the world, trading the equivalent of more than 15 million tons each day in 2013–9 ½ times more than the largest European contract. Producers, processors, millers and exporters continue to look to Chicago SRW and KC HRW Wheat for the liquidity that is critical for any risk management solution.

Liquidity means that you can execute positions quickly, effectively and efficiently. Liquidity offers more flexibility in structuring hedging strategies to meet your timing and market needs. And when the world is facing new challenges in Wheat risk management, liquidity provides the security you need in order to respond with confidence” – CME Group

  • Types of  Wheat Futures: Chicago SRW Wheat Futures  and KC HRW Wheat Futures
  • Contract specifications: One contract (5,000 bushels) of deliverable (~ 136 Metric Tons)
  • Common Symbol:  CME Globex: ZW  and CME Globex: KE

Read the rest of this entry »

Tags: > > Posted in: Commodity Trading   | Future Trading News  

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