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.

Crypto Trading, December Dollar Index, Levels, Reports; Your 4 Important Need-To-Knows for Trading Futures on October 9th, 2025

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Around the Clock Crypto Futures Trading Ahead

By Mark O’Brien, Senior Broker

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General: Crypto Trading Round-The-Clock

Big news. CME Group, the world’s largest derivatives marketplace, plans to offer customers round-the-clock trading for its cryptocurrency products next year.

The timetable anticipates 24/7 trading of futures and options starting in early 2026. Currently this will cover the CME Group’s main offerings in Bitcoin and Ethereum, but starting Oct. 13, they will be joined by Solana and XRP derivatives.

Trading in cryptocurrency derivatives has been growing steadily since CME first offered Bitcoin futures in 2017. Notional open interest, which represents the outstanding value of contracts, reached a record $39 billion in mid-September.

All-hours access lets investors respond to price swings in real time, which could add additional legitimacy and liquidity to these digital assets.

Stock Index Futures:

The Dec. E-mini S&P 500 and E-mini Nasdaq futures contracts traded to new all-time record highs intraday today. Volume has tended to be lighter on this the sixth day of the U.S. government shutdown.

Traders have been negligibly on edge at these highs with some uncertainty about the U.S. shutdown, the state of the jobs market and the delay of scheduled releases of U.S. government economic reports.

Looking elsewhere for clues on the U.S. jobs front, last week a report from global outplacement firm Challenger, Gray & Christmas indicated U.S. employers announced fewer layoffs in September but hiring plans so far this year were the lowest since 2009. It came a day after a weaker-than-expected ADP National Employment Report.

Metals:

Dec. gold futures rose to new all-time highs for the sixth of seven trading sessions today, barreling through yesterday’s first move through $4,000 per ounce to trade intraday up to $4,081 per ounce, a $76.6 per ounce follow-through move.

Gold and silver futures have surged roughly 55% and 65% year to date, respectively, as expectations of Federal Reserve rate cuts have boosted the appeal of metals, which tend to perform better when interest rates are lower.

Energies:

Despite today’s report that U.S. crude oil inventories rose more than expected last week, crude oil futures oil futures staged a modest recovery today after last week’s decline to a 16-week low as the U.S. government shutdown fed worries about the global economy, while traders expected more oil supply to come on the market with the planned output boost announced by OPEC+ over the weekend.

December Dollar Index

The December dollar index broke out into a new high and completed its first upside PriceCount objective. 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 strength, the second count projects a possible run to the 99.60 area, consistent with a challenge of the August reversal high.

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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 Oct. 9th, 2025

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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 Eastern Time ( New York)

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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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Trading Resources, December Silver, Levels, Reports; Your 4 Important Need-To-Knows for Trading Futures on October 8th, 2025

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Trading Resources

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Some useful resources for trading on Cannon Trading Website!

Heat Map:

Daily Research

Economic Calendar

Trading Courses

FOMC Minutes will be out tomorrow as FOMC is not a govt. agency!

Contact our trading desk today with any questions about the markets!

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December Silver

The rally in December silver is approaching its third upside PriceCount objective in the 49.373 area. This target is consistent with a test of the all-time high from 2011. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. If the chart can sustain further strength, we are left with the low percentage fourth count objective in the 71.55 area (not shown here for presentation purposes).

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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 Oct. 8th, 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

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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Silver Reaching New Heights, December Gold, Levels, Reports; Your Important Need-To-Know Facts for Trading Futures on October 7th, 2025

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Silver Hitting Multi Years Highs

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Silver Soars

By Andy Hecht – www.cqg.com

  • A bullish trend since the 2020 low
  • Silver rises to the highest price in fourteen years- The 2011 and 1980 highs are the upside targets
  • Fundamentals support higher silver prices
  • Gold supports rising silver prices
  • Expect volatility and new highs as investment and speculative demand are critical

At the turn of this century, nearby COMEX silver futures prices were $5.413 per ounce. After trading as low as $4.02 in November 2001, silver prices began a slow ascent, reaching $49.82 a decade later, in April 2011. The 2011 peak was slightly below the record 1980 high at $50.32 per ounce.

Silver corrected from the 2011 high, but the price remained above the $10 level, trading to a low of $11.64 in March 2020 as the global pandemic weighed on prices across all asset classes. Silver quickly recovered, rising to over $20 four months later in July 2020.

In September 2025, silver futures are closing in on a challenge to the 2011 and 1980 peaks, and all signs indicate that those levels could soon become technical support rather than resistance.

A bullish trend since the 2020 low

The continuous COMEX silver futures contract reached a low of $11.74 per ounce in March 2020 as the global pandemic gripped markets across all asset classes.

Read the rest of the article along with charts and More!

Contact our trading desk today to learn how we can help you integrate silver and gold into your strategies.

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December Gold

December gold has accelerated its rally into a new all-time high. The chart is taking aim at its upside PriceCount objective the 401.7 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. If the chart can sustain further strength, we are left with the low percentage fourth count in the 616 area (not shown here for presentation purposes) which is viewed as an unlikely target.

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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 Oct. 7th, 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

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

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FOMC amid Government Shutdown, Metals, Dec/March Corn Spread, Levels, Reports; Your 4 Important Must-Knows for Trading Futures the Week of October 6th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1261

  • The Week Ahead -Govt. Shut Down & FOMC Minutes

  • Futures 101 – Podcast: Futures Spreads Explained

  • Hot Market of the Week – Dec./March Corn Spread

  • Broker’s Trading System of the Week – Mini SP Swing Trading System

  • Trading Levels for Next Week
  • Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

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FOMC Minutes Wednesday.

If the Govt shutdown ends, the economic data will again flow. Please review the list at the bottom of the newsletter for potential data releases and reporting times. Currently Government issued data is considered non-essential and recall, the Fed is independent of the government so there will be a release of the minutes from the last meeting.

Will metals hit all-time highs? Nearly 46 years later, Silver, January 17, 1980, $49.95 troy oz. today? $48.08 troy oz. basis December. Almost there.

Gold continues to make all-time highs. Today? Gold was trading @ $3912.00 as of this writing with an intraday high of $3916.80 basis December,

Copper 5.0820 Is today’s print. 5.94 was the all-time high this past July.

The on again off again nature of Tariff news has created golden opportunities for breakouts in some markets, rangebound trades in others.

Continued volatility to come

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

Earnings Next Week:

  • Mon. CVS
  • Tue. McCormick and Co.
  • Wed. ABC-Mart
  • Thu. Pepsi , Delta Air
  • Fri. Quiet

FED SPEECHES: (all times CDT)

  • Mon.
  • Tues. Bostic 9am, Miran 9:30am, KashKari 10:30 am
  • Wed. Musalem 8:20am, Barr 8:30 am, FOMC MINUTES 2PM. Kashkari 2:15pm, Barr 4:45pm
  • Thu.  Bowman 7:35am, Barr 11:45, Bowman 2:45 pm.
  • Fri.   Goolsbee 8:45am, Musalem Noon
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Futures Spreads Explained Podcast – Instant Viewing

In this episode snippet of the Cannon Trading Podcast, we discuss Spread Trading.

When we talk about seasonal patterns in futures, we’re referring to certain conditions and events that repeat annually. Perhaps the most obvious of these is the annual cycle of weather from warm to cold and back to warm. However, the calendar also marks the annual passing of important events, such as the due date for U.S. income taxes every April 15th. Enormous supplies of grain at harvest dwindle throughout the year. Demand for heating oil typically rises as cold weather approaches but subsides as inventory is filled. Monetary liquidity may decline as taxes are paid but rise as the Federal Reserve recirculates funds. Such annual events create yearly cycles in supply and demand.

WATCH PODCAST 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

Dec. / March Corn Spread

The Dec-March corn spread has broken out of its downtrend and activated upside PriceCount objectives. The first count projects a run to the -15.25 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

ALGOsigmaX E-mini S&P ES

Markets Traded:   Mini SP500 ES/EP

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $50,000

Developer Fee per contract: $205 Monthly Subscription

Get Started

Learn More

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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.

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real-time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.

IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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

Daily Levels for Oct 6th, 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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Continue reading “FOMC amid Government Shutdown, Metals, Dec/March Corn Spread, Levels, Reports; Your 4 Important Must-Knows for Trading Futures the Week of October 6th, 2025”

Futures Traders – 5 Important Facts to Know When Selecting Your Futures Broker

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  Why skilled futures brokers matter – They provide expertise, guidance, and support in navigating complex futures markets.

  Decades of proven experience – Cannon Trading Company brings a long history of trusted service to futures traders.

  Cutting-edge trading platforms – Access advanced technology, including CannonX powered by CQG, for professional-grade execution.

  Recognized trust and credibility – 5-star TrustPilot reviews highlight customer satisfaction and reliability.

Try a FREE Demo!

In the fast-moving world of futures trading, the presence of a skilled broker often makes the difference between long-term success and costly mistakes. Trading futures requires more than just market knowledge; it demands access to advanced platforms, fast execution, leverage, hedging strategies, and—most importantly—expert guidance when systems fail or emergencies arise.

For futures traders, a futures broker isn’t just a service provider—it’s a lifeline. The broker connects traders to the markets, offers valuable tools for risk management, and provides real-time support when technology fails. This article will explore why skilled futures brokers are vital to every futures trader’s experience, focusing on practical aspects like leverage, diversification, and hedging. It will also demonstrate how Cannon Trading Company embodies these traits through its decades of industry expertise, impeccable regulatory reputation, and top-tier trading platforms like CannonX powered by CQG.

Why Skilled Futures Brokers Are Vital for Futures Traders

  1. Access to Leverage

Leverage is one of the most compelling features of futures trading. It allows futures traders to control large contract values with relatively small amounts of margin. A skilled broker ensures traders understand the double-edged nature of leverage—while it amplifies gains, it can also magnify losses.

  • Risk education: Brokers help clients assess how much leverage is appropriate for their strategy.
  • Margin monitoring: They provide tools and alerts so that futures traders don’t face unexpected margin calls.
  • Real-time execution: A broker ensures that leveraged positions are entered and exited quickly, minimizing slippage.

At Cannon Trading Company, brokers work closely with clients to ensure leverage is used responsibly, protecting traders from common pitfalls.

  1. Diversification Across Markets

Diversification is another crucial reason a skilled broker matters. Trading futures isn’t limited to one asset class—it spans commodities, currencies, stock indexes, interest rates, and even cryptocurrencies.

  • Market access: Brokers open the door to global exchanges, enabling traders to spread risk across different sectors.
  • Research support: They provide market insights that help traders identify uncorrelated opportunities.
  • Platform technology: Advanced platforms like CannonX powered by CQG give futures traders the ability to track multiple asset classes simultaneously.

By offering a wide range of futures contracts, Cannon Trading empowers its clients to diversify intelligently, reducing portfolio volatility.

  1. Hedging Strategies

Hedging is a defining feature of futures trading. Farmers, corporations, and financial institutions use futures contracts to protect against adverse price movements. But hedging can be complex, requiring the expertise of a skilled broker.

  • Customized strategies: Brokers help tailor hedges to each client’s specific risk exposure.
  • Execution speed: Proper hedges must be executed quickly and accurately.
  • Guidance: Brokers provide real-world advice on whether a hedge is effective or needs adjustment.

Cannon Trading Company has decades of experience helping businesses and individual futures traders manage risk through effective hedging strategies, demonstrating its role as a trusted partner.

  1. Emergency Support When Systems Fail

No matter how advanced technology becomes, systems can fail. Trading platforms may crash, internet connections may drop, or servers may experience downtime. In these critical moments, futures traders need immediate access to their broker.

  • Phone execution: A skilled broker is just one phone call away to enter or exit positions.
  • Crisis management: Brokers ensure clients can flatten positions to avoid catastrophic losses.
  • Reliability: Traders gain peace of mind knowing they’re never alone in an emergency.

Cannon Trading’s personalized service and accessible team mean traders can rely on fast, human intervention in high-stress moments. This direct support has earned them numerous 5-star TrustPilot ratings.

  1. Education and Mentorship

For both beginners and advanced futures traders, education is a cornerstone of success. A skilled broker doesn’t just process trades; they mentor clients on strategies, risk management, and platform use.

  • Beginner guidance: Helping new traders understand margin, contract specifications, and order types.
  • Advanced support: Assisting experienced traders with algorithmic tools and advanced platform features.
  • Educational resources: Many brokers offer webinars, guides, and one-on-one training.

Cannon Trading Company has built its reputation on transparency and education, making sure traders are well-prepared before risking capital.

How Cannon Trading Company Embodies These Traits

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Decades of Experience

Founded in 1988, Cannon Trading has decades of expertise in futures trading. This longevity reflects not only its ability to adapt to market changes but also its commitment to integrity and client service.

Reputation with Regulators

Cannon Trading maintains an exemplary record with both federal regulators and independent industry bodies. This compliance gives futures traders confidence that they are working with a trusted and secure partner.

5-Star TrustPilot Ratings

Dozens of satisfied clients have awarded Cannon Trading 5 out of 5 stars on TrustPilot. These reviews often highlight the company’s responsiveness, personalized service, and expert guidance in trading futures.

Advanced Platforms: CannonX Powered by CQG

Technology is at the heart of modern futures trading. Cannon offers a wide selection of platforms, but its flagship CannonX powered by CQG stands out:

  • Ultra-low latency execution for high-frequency traders.
  • Advanced charting and analytics for in-depth technical analysis.
  • Global connectivity to major exchanges, ensuring futures traders never miss an opportunity.

By combining human expertise with cutting-edge technology, Cannon Trading provides a balanced ecosystem for every futures trader.

Related Blog Posts from Cannon Trading Company

To deepen your knowledge, explore these authoritative posts authored by Cannon Trading Company:

Each resource reflects Cannon’s ongoing mission to educate and empower futures traders.

Frequently Asked Questions (FAQ)

  1. Why is a skilled futures broker important?
    A skilled broker ensures proper use of leverage, diversification, hedging strategies, and provides emergency support when systems fail.
  2. How does Cannon Trading support clients during emergencies?
    Cannon brokers are one phone call away, ready to execute trades when platforms or systems fail, giving traders peace of mind.
  3. What platforms does Cannon Trading offer?
    Cannon provides multiple platforms, with CannonX powered by CQG being the flagship choice for serious futures traders.
  4. What makes Cannon Trading trustworthy?
    Decades of industry experience, 5-star TrustPilot reviews, and an exemplary record with regulators showcase Cannon’s reliability.
  5. Can Cannon Trading help new traders?
    Yes, Cannon offers educational resources, personalized support, and mentorship for beginners entering futures trading.

The world of trading futures is both exciting and challenging. Success requires more than market knowledge; it requires the expertise, support, and technology that only a skilled broker can provide. From managing leverage and diversification to ensuring traders have immediate help during emergencies, brokers play an irreplaceable role.

Cannon Trading Company exemplifies all these qualities—backed by decades of experience, a stellar regulatory reputation, 5-star TrustPilot ratings, and advanced platforms like CannonX powered by CQG. For futures traders looking for reliability, education, and execution speed, Cannon stands out as a top choice in the industry.

Try a FREE Demo!

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

Trade and Risk Management, December Cocoa, Levels, Reports; Your 4 Important Must-Knows for Trading Futures on October 3rd, 2025

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Trade and Risk Management

Course Overview 14 minutes

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If you have an approach that makes money, then money management can make the difference between success and failure…I try to be conservative in my risk management. I want to make sure I’ll be around to play tomorrow. Risk control is essential.”

– Monroe Trout, Trout Trading

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December Cocoa

December cocoa resumed its break into a new low. If the chart can sustain further weakness, the third downside PriceCount projects a possible slide to the 5681 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 Oct. 3rd, 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

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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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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First Notice/Last Trading Days of October, Kansas City Wheat, Levels, Reports; Your 4 Important Must-Knows for Trading Futures on October 2nd, 2025

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First Notice & last Trading Days

FND/LTD:

Below are the contracts which are entering First Notice or Last Trading Day for October.

Be advised, the contracts below 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 – UNLESS cash settled.

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Dec. Kansas City Wheat

December KC wheat resumed its break into a new contract low. At this point, the chart is taking aim at its third downside PriceCount objective to the $4.77 area. It would be normal to get a near term reaction from that level in the form of a consolidation or corrective trade, at least. The low percentage fourth count to the $3.77 (not shown here for presentation purposes) is not seen as a realistic target.

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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 Oct. 2nd, 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

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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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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Government Shut Down, Class III Milk, Levels, Reports; Your 5 Important Must-Knows for Trading Futures on October 1st, 2025

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Government Shut Down & the Markets

By John Thorpe, Senior Broker

Shut down! Shut down! Shut down!

government

The end of Q3 is now. September 30th. The pumpkins are ripe, the nights are cool, and the politicians are ICE cold. When most of us awaken tomorrow morning, we will know if the Government is working for us or not.  The freeze in dialogue is not unexpected given the growing contentiousness within the body politic.

The Financial news channels I am exposed to have said “We are staring down the barrel?”, “Will this be a chicken Little moment?” the hyperbole is tiring. “It’s a Schumer Shutdown! Trump will cut Medicare! Obamacare is being cut!” The clean Continuing Resolution has been offered.

In the past 28 years, policymakers have passed 134 interim and 4 full-year CRs ranging from 21 to 216 days. (source bipartisanpolicy.org) a continuing Resolution simply maintains government spending for 6 more weeks while Congress can negotiate a lasting spending plan.

We may not get NFP on Friday if the Shutdown occurs or any other economic data reports during a Government Shutdown.

How will the markets react to a government shutdown you ask?

For the S&P 500, S&P 500 Performance During the Last 8 Shutdowns

The table below summarizes the S&P 500’s total return (price change from the close before the shutdown to the close on the resolution day) for each event. Data is sourced from analyses of historical market performance.

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S&P 500
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November Class III Milk

November Class III Milk completed its low percentage fourth downside PriceCount objective earlier this month and stabilized. This suggests we may have come far enough to satisfy this phase of the bear move.

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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 Oct. 1st, 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

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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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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Last Trading Day of the Month + Levels & Reports; Your 4 Important Must-Knows for Trading Futures on September 30th, 2025

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Trading Futures on the Last Trading Day of the Month

last trading day

Last Trading Day of September: What You Need to Know

On the last trading day of the month, futures markets often see elevated volume and more abrupt intraday swings as large participants—CTAs, hedge funds, commodity pools, and corporates—rebalance, roll, or close positions for performance reporting and risk alignment. Those flows can cluster around key reference windows (e.g., settlement periods and cash-market closes), creating brief liquidity vacuums where spreads widen, slippage increases, and stop cascades are more likely.

Even when overall volume is high, liquidity can be uneven, with deeper book liquidity alternating with thin pockets—so an order that would normally fill cleanly may experience partial fills or adverse selection. It’s also common to see basis and calendar spreads move sharply as rolls concentrate, especially in equity index, rates, energy, and metals.

Practical pointers: come in with a predefined plan and smaller initial size, use limit or passive orders where possible, and avoid chasing late-month breakouts unless your setup and risk budget justify it. Keep an eye on roll calendars, first notice day (for deliverable commodities), margin changes, and any month-end economic releases that can amplify flows (e.g., regional PMIs, rebalancing signals).

Monitor depth-of-book and implied spread quotes; if spreads widen, consider adjusting targets and stops rather than forcing entries. Be wary of Trade-at-Settlement/settlement-period prints if you’re not deliberately targeting the fix.

Finally, tighten process discipline: mark your levels early, define max slippage, and be comfortable standing down if the tape becomes disorderly—not trading is a position. (Educational only—this is not investment advice; manage risk according to your plan and account constraints.)

Have a question about ANY futures market? Trading techniques? Platforms? Trading Algos? Most of our brokers have over 12 years experience and can be one of the most valuable resource you have access to! Speak/chat/email a broker now.

That’s the Last Trading Day of the Month! Plan your Trade and Trade Your Plan!

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November Canola

November canola resumed its break into a new low. If sustained, the third downside PriceCount objective projects a slide to the 592 area. It takes a trade below the December reactionary low to formally negate the remaining unmet upside count.

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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 Sept. 30th, 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

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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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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NFP next Friday, December Dollar Index, Levels, Reports; The Important Need-To-Knows for Trading Futures The Week of September 29th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1260

  • The Week Ahead -Non Farm Payrolls (NFP) & Fed Speakers
  • Futures 101 – Trading Tips via Short Videos
  • Hot Market of the Week – Dec. Dollar Index
  • Broker’s Trading System of the Week – Mini NASDAQ Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Non-Far Payroll (NFP) & Fed Speakers to Dominate the Week Ahead

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NFP Friday and another heavy week of Fed speakers as well.

With the FOMC meeting Behind us, listen for more nuanced language, outside of the 3 cuts prior to years end, Chair Powell shared during after his rate cut speech last week, but we had surprise GDP number this week. You will be hearing from a slew of Fed Speakers posting up this week (schedule is below). This unit by themselves, will, no doubt be responsible for bringing additional spice to the marketplace.

As for earnings reports we are truly at the end of Q2 Reporting. We have but a few laggards reporting this week. If you are wondering, Q3 earnings begin Mid-October.

The on again off again nature of Tariff news has created golden opportunities for breakouts in some markets, rangebound trades in others.

Continued volatility to come as next week all markets will be reacting to whatever comes out of U.S. Govt leadership relating to conflicts cessation and trade deals, China, India, Canada and Russia (looks like the EU is following Trump on this one) The Crude Oil market certainly believes so. Also, remember that Mexico’s extension will end October 29.

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

 Earnings Next Week: 

  • Mon. Carnival Cruiselines
  • Tue. PayChex, Nike
  • Wed.  Acuity, ConAgra
  • Thu. Quiet
  • Fri.   Quiet

FED SPEECHES: (all times CDT) 

  • Mon.  Waller 6:30 AM , Hammack 7:00 AM, Musalem and Williams 12:30PM, Bostic 5:00pm
  • Tues.  Jefferson 5:00AM, Goolsbee 12:30 PM, Logan 6:10 PM
  • Wed.   Quiet
  • Thu.     Logan 9:30 am
  • Fri.      Williams 5:05 am

Economic Data week: 

  • Mon.  Pending Home Sales, Dallas Fed Manufacturing Index
  • Tue.   Redbook, Case Schiller Home Price, Chgo PMI, Jolts , Consumer Confidence, Dallas Fed Svcs.
  • Wed.  ADP, ISM Manufacturing, EIA Crude Stocks, 17-week Bill auction
  • Thur. Challenger Job Cuts, Initial Jobless claims, Factory Orders, EIA NAT GAS Storage, Fed Balance sheet,
  • Fri.     NFP, ISM Svcs PMI, Baker Hughes Rig Count
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Trading Videos – Instant Viewing

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” – Increasing the chances of a win?

WATCH VIDEOS 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

Dec. Dollar Index

The December dollar index activated upside PriceCounts on yesterday’s close as it attempts to shift its momentum higher once again. We previously attempted to rally with counts made off the July low but that effort failed without reaching the first objective and we negated those unmet counts.

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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

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Markets Traded:   Mini NASDAQ NQ

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $30,000

Developer Fee per contract: $85 Monthly Subscription

Get Started

Learn More

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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.

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real-time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING.

FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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

Daily Levels for Sept 29th, 2025

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Trading Reports for Next Week

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

www.mrci.com

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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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