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.

Rate Decisions Loom over Thanksgiving, February Live Cattle, NQ Day Trading System, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures the Week of November 24th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1268

  • The Week Ahead – December Rate Decision Looms, Thanksgiving, Reports

  • Futures 101 – Thanksgiving Holiday Schedule

  • Hot Market of the Week – Feb Live Cattle

  • Broker’s Trading System of the Week – NQ Day Trading System

  • Trading Levels for Next Week

  • Trading Reports for Next Week

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

3975.10 4015.00 4058.00 4097.90 4140.90

Silver (SI)

— Dec (SIZ5)

46.90 48.25 49.40 50.75 51.91

Crude Oil (CL)

— Dec (CLZ5)

56.63 57.30 58.05 58.72 59.47

 Dec. Bonds (ZB)

— Dec (ZBZ5)

116 14/32 116 26/32 117 8/32 117 20/32 118 2/32

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

rate

The FRB December Rate decision looms:

The sudden swing in CME FedWatch Tool probabilities today largely stems from comments by John Williams, President of the New York Fed, which significantly shifted market expectations. Here’s a breakdown of what happened and why it moved the needle so sharply:

Williams said there was “room for further adjustment” in borrowing costs in the “near term,” implying he supports another rate cut. That’s meaningful because he’s a very influential Fed official. His tone revived hopes that the Fed will deliver a 25 bps cut in December.

The FedWatch Tool infers rate-cut probabilities from 30-day Fed Funds futures, which price in the market’s expectations for average daily Fed Funds rates

Why the Market Reacted So Sharply

  • Credibility of the Signal: A senior Fed official publicly signaling support for a cut is more powerful than second-tier commentary.
  • Current Economic Context: If markets were already leaning toward a cut (or at least had it on the table), Williams’s comments provided the conviction needed for traders to lean in more aggressively.
  • Liquidity & Positioning: Some traders may have been waiting on a dovish catalyst; once they Take a look at changes in the Probability from yesterday to today using the CME FedWatch tool: From a 39.1% probability yesterday to a 73.3% probability of a rate cut at the December 10th
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Economic Data reporting catching up but still behind.

Due to the recent government shutdown (ending November 12, 2025), many standard monthly reports (e.g., jobs, CPI, retail sales) for October and possibly November have been delayed. Agencies like the Bureau of Labor Statistics (BLS), Bureau of Economic Analysis (BEA), and Census Bureau are still finalizing revised schedules, with updates expected imminently.

As of November 21, here is a calendar for Report Due dates from BLS, notes at the bottom will offer the deepest clarity since the appropriations shutdown. https://www.bls.gov/bls/2025-lapse-revised-release-dates.htm

As for earnings reports? Next week we will see the numbers for over 200 stocks. Alibaba is the biggest mkt cap while Deere will report and give insight into the state of the farm economy.

What Market has been range bound and now breaking out? The longer the range trade the harder and faster the breakout becomes. Watch the Nat Gas as a breakout to the upside has been looming and ready to rock.

 Expect continued volatility next week as the markets are sorting out the data morass.

We’ll see you next week! Please enjoy a safe and memorable weekend.

Earnings Next Week:

·        Mon. Quiet

·        Tue. Alibaba Grp, Analog Devices, Dell, Autodesk

·        Wed.  Deere

·        Thu. Kroger

·        Fri.   Quiet

FED SPEECHES: (all times CDT)

·        Mon.  Quiet all week

·        Tues.   Dec 10th final rate decision of the year

·        Wed.

·        Thu.

·        Fri.

Economic Data week:

·        Mon. Chi Fed Activity Index, Dallas Fed Activity,

·        Tues. ADP weekly Change. Core PPI, Retail Sales, Redbook, Case Schiller Home Prices, CB Consumer Confidence, Pending Home Sales, Richmond Fed Activity, Dallas Fed Services,

·        Wed. Bldg. Permits, Durable Goods, Initial Jobless Claims, Chgo PMI, Core PCE, Mew Home Sales, EIA Crude Stocks, Fed Biege Book

·        Thur. Thanksgiving Day  (night session open for trade date 11/28)

·        Fri. Abbreviated hours

Thanksgiving Trading Schedule

In observance of the Thanksgiving Holiday, the market hours below will be in effect.

Thursday, November 27th

  • CME Indices and Interest Rates will close at 12:00 pm CT
  • NYM Energies and Metals will close at 1:30 p.m. CT
  • Currencies will close at 4:00 p.m. CT ( Dollar Index at 12:15)
  • Cryptocurrencies will close at 4:00 p.m. CT
  • Gains, Livestock, Dairy, and Lumber will be closed

Friday, November 28th

  • CME Indices and Interest Rates will close at 12:15 pm CT
  • NYM Energies and Metals will close at 1:45 p.m. CT
  • Currencies will close at 1:45 p.m. CT
  • Cryptocurrencies will close at 1:45 p.m. CT
  • Gains, Livestock, and Lumber will close at 12:05 p.m. CT

For both Thursday and Friday, Day-Trade margins will be removed starting at 11:30 am CT. Please insure your accounts are fully margined by the early close for both sessions.

VIEW FULL SCHEDULE

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Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

February Live Cattle

February Live Cattle satisfied the first downside PriceCount objective off the expanded leg and October top. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. If the chart can sustain further weakness, the second count would project a possible slide to the 198.85 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Brokers Trading System of the Week

Abacus NQ

Markets Traded:   Mini Nasdaq

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Not Disclosed

Suggested Capital: $14,000

Developer Fee per contract: $70 Monthly Subscription

Get Started

Learn More & Detailed Results

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Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

System Trades Disclosure:

System Description

“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.

Actual Monthly Performance

The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract. If a client trades 2 contracts his gain or loss is twice as displayed (and so on). This table is presented for information purposes only and is not a solicitation for the referenced system or vendor.

The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results.

The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE. This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital.

Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you.

Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system.

While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket.

THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.

This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS.

Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition. In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees.

It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report.

This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.

You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Daily Levels for Nov. 24th, 2025

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Trading Reports for Next Week

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

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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.

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Volatility: What to do when it strikes your markets, January Natural Gas, Levels, Reports; Your 4 Important, Can’t-Miss Need-To-Knows for Trading Futures on November 21st, 2025

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What is the first step to take when volatility explodes?

by Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

3997.30 4036.20 4072.90 4111.80 4148.50

Silver (SI)

— Dec (SIZ5)

48.93 49.58 50.58 51.23 52.22

Crude Oil (CL)

— Dec (CLZ5)

57.63 58.17 59.14 59.68 60.65

 Dec. Bonds (ZB)

— Dec (ZBZ5)

115 26/32 116 13/32 116 25/32 117 12/32 117 24/32
volatility

With recent volatility sweeping through markets like gold, silver, the E-mini Nasdaq, and the E-mini S&P 500, one of the most effective ways traders can adapt is by reducing position size. In fast-moving conditions, smaller size allows for wider stops and more flexible targets—critical tools for managing risk and staying in the game.

For example, if you typically trade 5 lots, consider scaling down to 2 and giving your trades more breathing room. If you’re trading 1 lot of the ES, switching to 4 lots of the Micro E-mini (MES) can offer similar exposure with more granular control.

With most major futures contracts now offering liquid micro versions, traders have more tools than ever to stay nimble and protect capital when volatility spikes.

✅ Schedule a one on one No Obligation Broker Consultation

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January Natural Gas

January natural gas completed its first upside PriceCount objective and corrected. Now, the chart is challenging its recent high where a sustained breakout would project a possible run to the second count in the 5.07 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for Nov. 21st, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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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.

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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NFP Tomorrow, Nvdia results, January Heating Oil, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on November 20th, 2025

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NFP Tomorrow

by Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

4012.00 4047.10 4090.70 4125.80 4169.40

Silver (SI)

— Dec (SIZ5)

49.06 50.08 51.16 52.18 53.26

Crude Oil (CL)

— Dec (CLZ5)

57.55 58.47 59.59 60.51 61.63

 Dec. Bonds (ZB)

— Dec (ZBZ5)

116 3/32 116 9/32 116 22/32 116 28/32 117 9/32

NVDIA came out as we are writing the blog and results were positive.

Tomorrow we have the NFP report for September!! Due to the govt. shut down these past few weeks, so don’t be surprised with heightened volatility at 730 Am central time.

✅ Schedule a one on one No Obligation Broker Consultation

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The September Non-Farm Payrolls (NFP) report drops tomorrow, November 20th at 8:30 AM ET—and futures traders should be on high alert.

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After a delay due to the government shutdown, this release is one of the final labor market snapshots before the Fed’s December rate decision. Economists expect a modest gain of around 50,000 jobs, with unemployment holding at 4.3% and average hourly earnings rising 0.3% month-over-month. For futures traders, this report could be a volatility catalyst: weaker-than-expected numbers may fuel rate-cut expectations, pressuring yields and boosting equity index futures. Conversely, a strong print could reinforce the Fed’s hawkish stance, lifting the dollar and sending treasury yields higher. With traders pricing in coin-flip odds of a December rate cut, tomorrow’s data could tilt the scales—and futures markets will likely react swiftly. Whether you’re trading equity indexes, interest rate products, or currency futures, be prepared for sharp moves and recalibrated expectations.

January Heating Oil

January Heating Oil satisfied the third upside PriceCount objective and is correcting lower. At this point, IF the chart can resume its rally with new sustained highs, we are left with the low percentage fourth count to aim for in the 3.36 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for Nov. 20th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Find us on Trustpilot

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Bull Markets hanging in there amid 200-day SMA, December Bean Oil, Levels, Reports (!); Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on November 19th, 2025

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200-day Simple Moving Average (200-day SMA)

The Bull Market at Large

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

3964.07 4017.03 4050.37 4103.33 4136.67

Silver (SI)

— Dec (SIZ5)

48.35 49.51 50.27 51.43 52.19

Crude Oil (CL)

— Dec (CLZ5)

58.67 59.68 60.26 61.27 61.85

 Dec. Bonds (ZB)

— Dec (ZBZ5)

116 1/32 116 12/32 116 26/32 117 5/32 117 19/32

Bulls are surviving…. For now.

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Financial news networks and pundits are repeating “Bubble” due to the recent sell off in equities, “AI Bubble” Google boss Pichai “AI investment boom has elements of irrationality., “No Firm immune!”  Bob Michele, JPMorgan’s Chief Investment Officer, discusses lessons learned from the Dot.com bubble. Warning shots to be certain and perhaps the market is ripe for a change in tenor.

Rather than a blow the doors off rally or a sideways market (you can make a case the S&P 500 index has been trading in a range since mid-Sep.)

Where is the demarcation line that tells us we are in a Bear market? We are still in a Bull market so I thought I would do a deep dive into the technical indicator that has provided traders with meaningful support for a continuation of a Bull market. Or, once crossed, the resistance and the tenor of a Bear market.

The 200-day Simple Moving Average (200-day SMA) is one of the most widely watched technical indicators in global financial markets, especially for the S&P 500. Its importance comes from a combination of institutional usage, psychological reinforcement, and historical track record. Here’s why it matters so much:

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Quick Historical Examples

  • March 2020: S&P crashed below 200-day → confirmed bear market → trillions in systematic selling.
  • October 2022: Reclaimed the 200-day SMA → signaled new bull market → +45% rally since.
  • 2025 so far: Multiple tests of the rising 200-day were bought aggressively, reinforcing its role as dynamic support.

Bottom Line

The 200-day SMA is not magic, but because so many large players watch it and trade it, it has become one of the most important price levels on the chart. For the S&P 500 right now (November 2025), staying above ≈6,150–6,200 keeps the long-term bull market intact. A sustained break below would be a major warning signal that the character of the market has changed.

Where is the 200 Day today?

As of November 18, 2025 (using the most recent market close on November 17, 2025, as markets are closed over the weekend), the 200-day simple moving average (SMA) for the S&P 500 index is 6,151.63. This value reflects a slight increase of +3.16 (+0.05%) from the prior day, driven by the index’s ongoing bull market momentum.

For context:

  • The S&P 500 closed at 6,672.41 on November 17, trading well above its 200-day SMA (a bullish signal, as the index is approximately 8.5% higher).
  • The 200-day SMA is a widely used long-term trend indicator, calculated as the average closing price over the past 200 trading days.

Mini SP daily chart with the 200 simple moving average below for review!

Plan your trade, trade your plan!

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December Bean Oil

December bean oil is breaking out above the fall highs and is attempting to shift the chart formation back to the topside. The chart has confirmed the first upside PriceCount objective. If the chart can break out and sustain trade above the downtrend and 100 dma, the second count would project a move up to the 53.60 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for Nov. 19th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Find us on Trustpilot

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Zero-DTE Options: Pros v. Cons, January Lumber, Levels, Reports; Your 5 Important, Can’t-Miss Need-To-Knows for Trading Futures on November 18th, 2025

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Zero-DTE Options

by Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

3950.57 3995.13 4051.37 4095.93 4152.17

Silver (SI)

— Dec (SIZ5)

48.38 49.17 50.14 50.94 51.91

Crude Oil (CL)

— Dec (CLZ5)

58.65 58.18 59.74 60.27 60.83

 Dec. Bonds (ZB)

— Dec (ZBZ5)

116 116 11/32 116 22/32 117 1/32 117 12/32

zero-dte

Zero-DTE Options: Leveraging CME Liquidity in Volatile Markets

Recent volatility and sharp intraday swings in stock index futures and metals have created unique opportunities for active traders – possibly as an alternative for using futures with a stop loss. One increasingly popular tool for navigating these conditions is Zero-DTE (Zero Days to Expiration) options, available on CME Group’s deep and liquid markets.

What Are Zero-DTE Options?

Zero-DTE options are contracts that expire on the same day they are traded. CME Group offers same-day expiring options on major benchmarks like E-mini S\&P 500, Nasdaq-100, and key metals futures. These instruments allow traders to capitalize on short-term price action while avoiding overnight risk.

Advantages of Using CME Zero-DTE Options

  • Access to Benchmark Liquidity: CME Group provides unmatched liquidity in index and metals options, ensuring efficient execution even during volatile sessions.
  • Defined Risk Profiles for LONG options: LONG Options allow traders to manage exposure with clear maximum loss, unlike outright futures positions.
  • Strategic Flexibility: Ideal for intraday hedging, directional plays, or advanced strategies like spreads and iron condors.
  • Capital Efficiency: Lower upfront cost compared to futures, with margin benefits when combined with CME futures positions.

Key Considerations

  • Rapid Time Decay: With only hours to expiration, options lose value quickly if the market doesn’t move as anticipated.
  • Gamma Sensitivity: Price changes in the underlying can lead to significant swings in option value.
  • Execution Discipline: Liquidity is strong, but spreads can widen near expiration—precision matters.
  • Risk Management: Fast-moving markets require a clear plan and strict controls.

Consult with a Broker

Zero-DTE options on CME Group products can be powerful tools for active traders, but they require knowledge and discipline. Our experienced brokers can help you evaluate strategies, manage risk, and take full advantage of CME’s liquidity and product depth. Contact us today to learn more.

✅ Schedule a one on one No Obligation Broker Consultation

January Lumber

January Lumber is completing the third downside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. At this point, IF the chart can sustain another leg down, we are left with the low percentage fourth count to aim for in the 454 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for Nov. 18th, 2025

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Click here for quick and easy instructions.

Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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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.

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NFP? The Week Ahead, January Heating Oil, Levels, Reports; Your 5 Important Need-To-Knows for Trading Futures the Week of November 17th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1267

  • The Week Ahead – NFP? FOMC minutes , 14 Fed Speakers, NVIDIA reports.
  • Futures 201 – Utilizing Options on Futures Webinar Recording!
  • Hot Market of the Week – January Heating Oil
  • Broker’s Trading System of the Week – Gold Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

3928.07 4006.03 4110.57 4188.53 4293.07

Silver (SI)

— Dec (SIZ5)

47.73 49.12 51.25 52.64 54.76

Crude Oil (CL)

— Dec (CLZ5)

57.86 58.87 59.67 60.68 61.68

 Dec. Bonds (ZB)

— Dec (ZBZ5)

115 19/32 116 2/32 116 28/32 117 11/32 118 5/32

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

NFP? From September dropping next week. FOMC minutes, 14 Fed Speakers, NVIDIA reports.

Due to the recent government shutdown (ending November 12, 2025), many standard monthly reports (e.g., jobs, CPI, retail sales) for October and possibly November have been delayed. Agencies like the Bureau of Labor Statistics (BLS), Bureau of Economic Analysis (BEA), and Census Bureau are still finalizing revised schedules, with updates expected imminently. As of November 14, only a limited number of reports are confirmed for next week. Delayed data may be released in batches, potentially including October figures, but exact timing remains fluid.

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nfp

As for earnings reports?  Next week we will see the numbers over 200 stocks.

What Market has been range bound and now breaking out? The longer the range trade the harder and faster the breakout becomes. Watch the Nat Gas as a breakout to the upside has been looming and ready to rock.

 Expect continued volatility next week as the markets have not been able to receive Gov’t data due to the ongoing, politician-imposed shutdown. Don’t be fooled, this is about politics NOT Policy.

We’ll see you next week! Please enjoy a safe and memorable weekend.

 Earnings Next Week:

  • Mon. Quiet
  • Tue. Home Depot, Medtronic
  • Wed.  NVIDIA, TJX Palo Alto Networks, JDeere, Lowe’s, Target
  • Thu. Ross
  • Fri.   Quiet

FED SPEECHES: (all times CDT)

  • Mon.  Williams, 8am, Jefferson 8:30 am, Kashkari 12pm, Waller 2:35 pm, Logan 6:35 pm
  • Tues.  Barr 9:30am
  • Wed.   Williams  1pm , FOMC MINUTES 1PM
  • Thu. Hammack 7:45 am, Cook 10am, Goolsbee 12:40
  • Fri. Jefferson 77:45am, Logan 8am

Economic Data week:

  • Please see calendar below of additional report dates, be mindful of the mid-week NonFarm Payrolls !
  • EIA is continuing normal operations and will report Crude oil and Nat Gas numbers.

RECORDED WEBINAR

Unlocking the Power of Options on Futures: A Smarter Way to Trade

WATCH THE RECORDED VIDEO NOW

Description

Ready to take your retail trading strategy to the next level? Join CME Group’s Ryan Gorman for a fast-paced, high-impact webinar that demystifies Options on Futures—a dynamic tool that blends the leverage of futures with the defined risk of options.

In this session, you’ll discover WATCH THE RECORDED VIDEO NOW:

• How options on futures are priced and settled

• Core strategies like buying calls/puts for speculation

• Income-generating tactics like covered calls

• Ways to hedge your portfolio and express market views with precision

Whether you’re trading commodities, indices, or currencies, this webinar will equip you with actionable insights to manage risk and enhance your trading edge.

WATCH THE RECORDED VIDEO NOW

Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

January Heating Oil

January heating oil is challenging the June spike reversal high. At this point, IF the chart can break out with new sustained highs, the third upside PriceCount objective would project a possible run to the 2.63 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Brokers Trading System of the Week

RP GC Trading System

Markets Traded:   Gold

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Not Disclosed

Suggested Capital: $23,000

Developer Fee per contract: $50 Monthly Subscription

Get Started

Learn More & Detailed Results

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Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

System Trades Disclosure:

System Description

“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.

Actual Monthly Performance

The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract.

If a client trades 2 contracts his gain or loss is twice as displayed (and so on). This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results.

The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE. This is not the only trading system that Striker executes for its clients.

Potential traders should carefully investigate, evaluate and compare trading systems before investing capital. Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system.

While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket.

THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.

This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition.

In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees.

It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report.

This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Daily Levels for Nov. 17th, 2025

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Would you like to receive daily support & resistance levels?

Trading Reports for Next Week

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

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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.

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Every Major Type of Futures Trading Explained: From Day Trading to Algorithmic Strategies

futures trading

 

Futures Trading

futures trading

 

futures trading

 

Futures markets are dynamic arenas where traders speculate, hedge, and invest across commodities, indices, currencies, and more. The approaches to futures trading are as diverse as the markets themselves — ranging from fast-paced day trading to long-term position trading, and from discretionary methods to cutting-edge algorithmic systems.

In this article, we’ll explore every major type of futures trading in detail — what defines each, how they work, and which styles suit different trader profiles. Whether you’re just starting trading in futures or already deep into advanced automation, understanding these approaches can help refine your strategy and results.

Try a FREE Demo!

 

1. Day Trading Futures

Definition:
Day trading in futures is all about capitalizing on intraday price movements. Traders buy and sell contracts within the same session, closing all positions before the market ends.

Core Features:

  • Positions are opened and closed within minutes or hours.
  • Traders rely heavily on real-time technical analysis and order flow.
  • High-frequency decision-making and execution speed are critical.

Common Methods:

  • Scalping: Executing numerous small trades to profit from tiny price moves.
  • Momentum trading: Entering trades during strong directional pushes.
  • Breakout trading: Acting when prices breach key levels of support or resistance.

Advantages:

  • No overnight risk from global market gaps.
  • Highly liquid markets like E-mini S&P 500, crude oil, and gold offer tight spreads.

Risks:

  • Requires precision and emotional discipline.
  • Frequent trades can lead to higher commissions and fatigue.

Ideal for: Traders who thrive in fast-paced environments and use advanced platforms for futures trading execution.

2. Swing Trading Futures

Definition:
Swing traders hold futures positions for several days or weeks, seeking to capture short- to mid-term trends rather than intraday volatility.

Core Features:

  • Combines technical and fundamental analysis.
  • Positions last long enough to benefit from established market swings.
  • Traders use stop-loss and profit targets wider than those of day traders.

Techniques:

  • Trend-following with moving averages.
  • Retracement or reversal entries using Fibonacci levels.
  • Chart patterns like triangles or head-and-shoulders setups.

Advantages:

  • Fewer trades and less screen time.
  • Potential to capture larger percentage moves in price.

Risks:

  • Overnight gaps can affect performance.
  • Requires patience and strong risk management.

Ideal for: Professionals who cannot monitor markets constantly but still want meaningful participation in trading in futures.

3. Position Trading Futures

Definition:
Position trading involves holding futures contracts for weeks, months, or even longer — targeting large, fundamental price trends.

Core Features:

  • Focus on macroeconomic factors, such as interest rates, supply-demand cycles, and global sentiment.
  • Traders often “roll over” expiring contracts to maintain exposure.

Techniques:

  • Fundamental trend analysis using global data.
  • COT (Commitment of Traders) reports for institutional sentiment.
  • Seasonal trading in commodities (e.g., grains, natural gas).

Advantages:

  • Big reward potential from major market cycles.
  • Less emotional decision-making due to long-term perspective.

Risks:

  • High margin requirements.
  • Prolonged exposure to market and policy shifts.

Ideal for: Investors and institutions involved in strategic futures trading over macroeconomic cycles.

4. Algorithmic (Algo) Futures Trading

Definition:
Algorithmic trading, or “algo trading,” uses computer programs to automatically execute trades based on coded strategies.

Core Features:

  • Removes emotional bias and executes trades at machine speed.
  • Can scan multiple markets simultaneously.
  • Commonly used by funds and proprietary firms.

Popular Models:

  • Trend-following algos: Ride sustained market momentum.
  • Mean reversion systems: Bet on prices reverting to their average.
  • Arbitrage algorithms: Exploit price discrepancies across exchanges.

Advantages:

  • High accuracy and backtesting capability.
  • Round-the-clock monitoring of global markets.

Risks:

  • Model errors or faulty data can trigger rapid losses.
  • Requires technical expertise and system maintenance.

Ideal for: Quantitative traders, developers, and firms embracing automation in trading futures.

5. Systematic Futures Trading

Definition:
Systematic trading relies on a set of predetermined rules and quantitative models to generate trade signals. It’s the foundation for most professional futures trading systems.

Core Features:

  • Fully rule-based decision-making process.
  • Can be executed manually or automatically.

Examples of Systems:

  • Moving average crossovers.
  • Volatility breakout strategies.
  • Trend channel trading.

Advantages:

  • Removes emotion from trading.
  • Backtestable and easy to scale across instruments.

Risks:

  • Performance can deteriorate when markets shift regimes.
  • Requires periodic optimization and review.

Ideal for: Traders seeking long-term consistency and structure in trading in futures.

6. Discretionary Futures Trading

Definition:
Discretionary traders use experience, intuition, and interpretation rather than fixed systems to make trading decisions.

Core Features:

  • Combines technical setups, market news, and sentiment analysis.
  • Entry and exit decisions are made manually.

Advantages:

  • Highly flexible; allows adaptation to unique market conditions.
  • Intuitive recognition of patterns beyond algorithmic logic.

Risks:

  • Emotional decisions may lead to inconsistency.
  • Hard to backtest or delegate.

Ideal for: Experienced individuals who have mastered their emotional discipline and chart interpretation.

7. Spread Trading Futures

Definition:
Spread trading involves taking offsetting long and short positions in related futures contracts to profit from price differentials rather than outright price direction.

Common Types:

  • Calendar spreads: Buying one month’s contract and selling another.
  • Inter-market spreads: Trading two correlated commodities (e.g., long corn, short wheat).
  • Inter-exchange spreads: Arbitrage between exchanges.

Advantages:

  • Lower volatility than directional trades.
  • Smaller margin requirements.

Risks:

  • Narrow profit potential.
  • Spread relationships can widen unexpectedly.

Ideal for: Intermediate traders who prefer lower-risk strategies in futures trading.

8. High-Frequency Futures Trading (HFT)

Definition:
HFT uses ultra-fast algorithms and low-latency connections to capture small price inefficiencies in milliseconds.

Core Features:

  • Focused on microstructure of markets.
  • Executes thousands of trades per day.

Advantages:

  • Tiny profits magnified by massive volume.
  • Minimal human involvement.

Risks:

  • High infrastructure costs.
  • Dependent on technological edge and regulation.

Ideal for: Institutional participants and prop firms equipped with advanced connectivity.

9. Hedging Futures Trading

Definition:
Hedging uses futures contracts to protect against unfavorable price movements in physical assets or investment portfolios.

Examples:

  • A farmer sells corn futures to lock in harvest prices.
  • A fund buys S&P 500 futures to hedge equity exposure.

Advantages:

  • Reduces risk and stabilizes returns.
  • Allows better financial planning.

Risks:

  • Limits upside potential.
  • Requires accurate hedge ratio calculation.

Ideal for: Commercial entities and portfolio managers mitigating exposure through trading futures.

10. Quantitative Futures Trading

Definition:
Quantitative trading combines mathematics, statistics, and machine learning to design predictive trading models.

Core Features:

  • Data-driven; uses historical and real-time data for optimization.
  • Often overlaps with algorithmic and systematic strategies.

Advantages:

  • Objective, scalable, and research-based.
  • Enables diversification across markets.

Risks:

  • Models can fail in extreme volatility or low liquidity.
  • Requires continuous validation.

Ideal for: Data scientists and institutional desks focused on predictive futures trading models.

11. News-Based Futures Trading

Definition:
News-based traders act on price volatility triggered by economic releases, earnings, or geopolitical events.

Core Features:

  • Short-term trading around announcements (like CPI, FOMC, or inventory data).
  • Relies on fast execution and market awareness.

Advantages:

  • High potential during volatility bursts.
  • Can be automated for event-based responses.

Risks:

  • Slippage and widening spreads can occur.
  • Requires speed and timing precision.

Ideal for: Traders with access to fast data feeds and economic calendars.

12. Arbitrage Futures Trading

Definition:
Arbitrage exploits pricing inefficiencies between related instruments or markets to generate low-risk profits.

Examples:

  • Cash-and-carry arbitrage: Buying spot and selling futures when futures trade above fair value.
  • Statistical arbitrage: Pair trading correlated instruments.

Advantages:

  • Low directional exposure.
  • Reliable when opportunities exist.

Risks:

  • Execution delay can erase profit margin.
  • Rare opportunities in highly efficient markets.

Ideal for: Institutional or quantitative traders with robust execution infrastructure.

13. Social and Copy Futures Trading

Definition:
A modern trend in trading in futures, social or copy trading allows users to replicate trades of experienced professionals through integrated brokerage platforms.

Core Features:

  • Leverages collective insights.
  • Provides learning opportunities for beginners.

Advantages:

  • Easier entry point for new traders.
  • Real-time exposure to proven strategies.

Risks:

  • Over-reliance on others’ decisions.
  • Results depend entirely on chosen signal providers.

Ideal for: New traders looking to learn futures trading while participating in live markets.

Choosing the Right Futures Trading Style

Each method of trading futures comes with distinct benefits and challenges. The key is matching your capital, risk tolerance, and lifestyle to the right approach.

Trading Style

Holding Period Main Tools Best For
Day Trading Minutes–Hours Charts, order flow Active traders
Swing Trading Days–Weeks Technical + Fundamental Balanced traders
Position Trading Weeks–Months Macroeconomics Long-term investors
Algorithmic / Systematic Milliseconds–Days Data models Quant traders
Discretionary Variable Experience + Intuition Veteran traders
Spread / Hedging Weeks–Months Correlation analysis Risk managers
Arbitrage / Quantitative Seconds–Days Statistical models

Institutions

 

 

 

 

 

 

 

 

The best strategy often blends multiple approaches — for example, combining systematic entry rules with discretionary exits, or using algo-driven signals to refine swing trades. The diversity of trading in futures strategies is what makes the market both challenging and rewarding.

The Power of Strategy in Futures Trading

Success in futures trading doesn’t come from predicting every market move but from developing a structured plan and following it with consistency. The type of strategy you choose defines your routine, tools, and mindset.

Whether you prefer the adrenaline of day trading, the structure of systematic models, or the depth of position trading, remember that risk management and discipline are the true foundations of profitable trading in futures.

Start Trading Futures with Cannon Trading Company

 

futures trading

futures trading

For over 35 years, Cannon Trading Company has been a trusted name in the U.S. futures industry — offering access to powerful platforms, transparent pricing, and personalized support. Whether you’re exploring algorithmic trading, discretionary trading in futures, or professional futures trading for hedging and speculation, Cannon Trading’s experienced brokers and platform variety help you trade smarter and safer.

Explore the next level of trading futures with tailored brokerage solutions, competitive margins, and dedicated customer service — all under one roof.

Open a Futures Trading Account with Cannon Trading Company and experience the difference that expertise and technology make.

Ready to start trading futures? Call us at 1(800)454-9572 (US) or (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

Option Greeks, December Corn, Levels, REPORTS!!!! Your 4 Important, Can’t Miss Need-To-Knows for Trading Futures on November 14th, 2025

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Option Greeks – Self Guided Online Course

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

4089.10 4131.20 4190.60 4232.70 4292.10

Silver (SI)

— Dec (SIZ5)

50.48 51.41 52.91 53.84 55.34

Crude Oil (CL)

— Dec (CLZ5)

57.58 58.12 58.67 59.21 59.76

 Dec. Bonds (ZB)

— Dec (ZBZ5)

116 13/32 116 22/32 117 6/32 117 15/32 117 31/32

Option Greeks

option

Course Overview

Option prices are driven by multiple variables including changes in the underlying price, interest rates, passage of time, and changes in the expected volatility in the market. Collectively, these are called “the Greeks” because the symbols used to represent the sensitivities of these complex derivatives come from calculus and use the Greek Alphabet. Gain a basic understanding of how “the Greeks” are integral to managing a portfolio of options.

START COURSE

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December Corn

December corn resumed its rally with a breakout above recent highs, the extended downtrend, and the 200 dma. This has the chart taking aim at its third upside PriceCount objective to the $4.47 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors.

Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for Nov. 14th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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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.

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End of the Longest Shutdown? PLUS: Metals, Energies, Natural Gas; Nov. 26 Soybeans, Levels; Your 6 Important Can’t-Miss Updates for Futures Trading on November 13th, 2025

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The House of Representatives will vote on reopening the Federal Government this evening

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

4060.73 4131.17 4174.83 4245.27 4288.93

Silver (SI)

— Dec (SIZ5)

49.69 51.48 52.55 54.35 55.42

Crude Oil (CL)

— Dec (CLZ5)

56.51 57.47 59.27 60.23 62.03

 Dec. Bonds (ZB)

— Dec (ZBZ5)

116 27/32 117 6/32 117 17/32 117 28/32 118 7/32

shutdown

General:

Day 42 of the U.S Government shutdown, the longest on record. The House of Representatives will vote on reopening the federal government this evening. On Monday, the Senate broke through weeks of gridlock and passed the legislation to reopen the government in a 60-40 vote.

Metals:

Silver futures prices shot up over 5% today and is poised to close at a new record high,

exceeding the all-time high reached last month, which broke a 45-year-old price record. Silver futures have gained more than 11% so far this week on two of its biggest daily gains of 2025.  The last time silver prices added at least 10% in a week was last September, when futures were trading around $30.

Adjusted for inflation, silver would need to exceed $200 a troy ounce to top the 1980 peak, set before the Hunt brothers’ gambit went bust and inspired the Eddie Murphy comedy “Trading Places.”

Silver’s 73% rise this year has made the metal one of 2025’s best-performing assets, outpacing gold’s 56% jump above $4,000 an ounce, and the 17% gain in the Nasdaq composite stock index, both of which have also set new all-time highs this mont42

Energies:

Oil prices fell more than $2 a barrel today, weighed down by an OPEC report saying global oil supply will match demand in 2026, marking a further shift from its earlier projections of a supply deficit.

As well today, The Department of Energy’s statistical arm, the Energy Information Administration said in its Short-Term Energy Outlook report today that U.S. oil production is expected to set a larger record this year than previously forecast.

By mid-session, December WTI crude was down ~$2.70, or 4.4%, at $58.34 a barrel, a three-week low and below its 20-, 50- and 100-day moving averages.

Notable Natural gas statistics as of yesterday’s close:

Dec. contract hit its 52-week high of $4.565 yesterday. That’s up ~68% from its 52-week low of $2.696 hit Aug. 25, 2025, a ~52% increase. Still off ~70.5% from its record high of $15.378 hit Dec. 13, 2005. Month-to-date it is up 9.92%. Year-to-date it is up 90.00 cents or 24.77%

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors.

Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for Nov. 13th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

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Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Find us on Trustpilot

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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.

Join our Private Facebook group

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Veterans Day, Bloomberg Commodity Index, OPTIONS WEBINAR TOMORROW, Levels; Your 4 Important Can’t-Miss Updates for Trading Futures on November 12th, 2025

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In Honor of Our Veterans

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

4078.93 4107.27 4131.13 4159.47 4183.33

Silver (SI)

— Dec (SIZ5)

49.80 50.42 50.78 51.40 51.76

Crude Oil (CL)

— Dec (CLZ5)

59.00 59.97 60.62 61.59 62.24

 Dec. Bonds (ZB)

— Dec (ZBZ5)

116 14/32 117 117 9/32 117 27/32 118 4/32

veterans

A Poem for Veterans.

In the hush of November’s eleventh dawn, where poppies bloom in fields of memory’s lawn, we honor the brave, the veterans true, who traded youth for skies of endless blue.

They marched through storms, where futures hung in thread, Bets placed on hope when despair loomed ahead. Like traders charting waves of rise and fall, they hedged against the night, answering the call.

Futures trading, a dance with time’s unseen hand, Where grains and gold whisper across the land. But deeper still, the veterans’ sacred art— Securing tomorrows with valor’s beating heart.

In boardrooms bright or battlefields afar, we owe our trades, our dreams, to those who bore the scar. For every contract sealed, every harvest reaped, is built on freedoms they so fiercely kept.

So, raise a glass to warriors past and near, whose sacrifices make our futures clear. In markets wild or peaceful days, we roam, their legacy endures, forever home.

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Master Options on Futures — Your Edge Starts Here

WEBINAR TOMORROW

Unlocking the Power of Options on Futures: A Smarter Way to Trade

Date & Time:

November 12, 2025

11:30 AM PT

Are you ready to trade smarter, not harder? Join CME Group’s Ryan Gorman for an exclusive, fast‑paced webinar that will show you how to harness the unique advantages of Options on Futures—combining the leverage of futures with the defined risk of options.

In just one session, you’ll learn how to:

  • ✅ Understand how options on futures are priced and settled
  • ✅ Apply core strategies like calls and puts for speculation
  • ✅ Generate income with tactics such as covered calls
  • ✅ Hedge your portfolio and express market views with precision

Whether you’re focused on commodities, indices, or currencies, this webinar delivers actionable insights you can use immediately to sharpen your trading edge.

Seats are limited — reserve your spot today and take the next step toward smarter futures trading.

Register Now – Space is Limited!

Bloomberg Commodity Index

The Bloomberg Commodity Index is a weighted index of commodities from the grains, meats, energy, metals, and soft sectors. The weekly chart is breaking out of its extended range of trade that will provide a base to take aim at its upside PriceCount objectives.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors.

Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for Nov. 12th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)

385208f9 61e5 413b a87f 6d41c571d282

Find us on Trustpilot

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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