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.

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

Posted on November 13, 2025November 13, 2025 by Cannon Operations

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.

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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

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.

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

Posted on November 13, 2025 by Cannon Operations

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.

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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.

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

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)

Find us on Trustpilot

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

Posted on November 12, 2025 by Cannon Operations

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

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%

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

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

Posted on November 11, 2025November 11, 2025 by Cannon Operations

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.

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.

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

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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Options on Futures, NEW Options WEBINAR WEDNESDAY, 2026 Bean to Corn Ratio, Levels; Your 4 Important Need-To-Knows for Trading Futures on November 11th, 2025

Posted on November 10, 2025November 10, 2025 by Cannon Operations

Master Options on Futures — Your Edge Starts Here

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Dec (GCZ5)	3941.53	3965.37	3997.03	4020.87	4052.53
Silver (SI) — Dec (SIZ5)	46.76	47.31	47.96	48.52	49.17
Crude Oil (CL) — Dec (CLZ5)	57.95	58.76	59.63	60.44	61.31
Dec. Bonds (ZB) — Dec (ZBZ5)	115 31/32	116 20/32	117 1/32	117 22/32	118 3/32

Master Options on Futures — Your Edge Starts Here

options on futures

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

Date & Time:

November 12, 2025

11:30 AM PT

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!

New Crop 2026 Bean to Corn Ratio

“The new crop bean to corn ratio came under pressure after completing the first upside PriceCount objective. Now the chart has recovered and is poised for a challenge of the August high. At this point, new sustained highs would project a run to the 2.48 area. Fundamentally, ratios higher than 2.5 traditionally favor soybean planting economically, while ratios lower than 2.5 tend to favor corn planting.

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. 11th, 2025

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)

Find us on Trustpilot

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Thanksgiving 2025 Futures Trading Hours! Your Important Calendar for Futures Trading during the Holiday!

Posted on November 10, 2025 by Cannon Operations

thanksgiving

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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Types of Futures Brokers Explained | Best Trading Futures Brokers 2025

Posted on November 10, 2025November 10, 2025 by Cannon Operations

futures brokers

Futures Brokers

futures brokers

The futures market is an arena defined by precision, timing, and trust. Whether trading commodities, stock indices, or digital assets, traders rely heavily on futures brokers to execute trades, manage risk, and connect them to the complex web of exchanges and clearinghouses that keep the global markets moving. Yet, not all brokers are the same. From recommending brokers and those catering to high-net-worth clients to simple order-taker brokers and API-driven specialists, the landscape of futures brokers is diverse and rapidly evolving.

In this detailed guide, we explore the types of futures brokers, how they differ in service and specialization, and how traders can choose the right futures broker based on their goals, capital, and trading style. We’ll also highlight which trading futures brokers stand out for superior customer service—especially those praised on platforms like Trustpilot.

1. Understanding Futures Brokers and Their Role in Modern Markets

A futures broker is an intermediary who facilitates the buying and selling of futures contracts between traders and exchanges. They ensure that orders are transmitted correctly, margin requirements are met, and compliance standards are maintained. But beyond that, today’s futures brokers have become partners in strategy, offering technological infrastructure, risk analysis, and educational resources.

There are several key categories of trading futures brokers, each with a unique purpose and target clientele. Some provide recommendations and advice, others serve sophisticated investors with large portfolios, while certain brokers focus purely on execution. The rise of digital trading has also introduced a new breed—API-connected brokers designed for automation and algorithmic efficiency.

2. Recommending Brokers: Guiding Traders Through Market Complexity

Among the oldest and most respected categories of futures brokers are the recommending brokers. These professionals offer personalized guidance and insights based on a client’s objectives, experience level, and market conditions. While they do not manage funds like a portfolio manager, their role is consultative and advisory.

A recommending futures broker often provides:

Market analysis and trade ideas: They interpret charts, supply/demand data, and market sentiment to suggest opportunities.
Risk management advice: Guidance on proper position sizing and hedging strategies.
Education and mentoring: Helping clients understand market mechanics, contract specifications, and leverage dynamics.

Recommending brokers are particularly valuable for novice traders or those transitioning from equities or forex into futures. They often work through full-service brokerages where human interaction remains an integral part of the trading experience.

Top trading futures brokers that emphasize recommendations often offer hybrid service models—combining personal support with access to robust online trading platforms. These firms maintain dedicated account managers and offer premium research subscriptions, enabling traders to make informed decisions with confidence.

3. Brokers Geared Toward High-Net-Worth Individuals

In the upper echelon of the trading world, futures brokers catering to high-net-worth individuals (HNWIs) occupy a distinct niche. Their clients demand privacy, customization, and institutional-grade execution quality. These futures brokers are not focused merely on trade facilitation but on holistic capital management, where futures serve as tools for diversification, hedging, or speculative opportunity.

Key characteristics of high-net-worth futures brokers include:

Bespoke service: Personalized trading strategies and one-on-one consultation with senior analysts or brokerage principals.
Advanced margin solutions: Tailored leverage and financing terms designed to suit larger portfolios.
Access to multiple exchanges and asset classes: From U.S. indices and Treasuries to energy, metals, and agricultural markets.
Dedicated relationship management: A single point of contact who understands the client’s risk profile and trading habits.

These futures brokers often integrate with family offices or wealth management firms, allowing for sophisticated cross-asset risk management. Many HNWI-focused trading futures brokers also provide discretionary trading options, where professionals execute trades within agreed parameters.

For affluent clients, the difference between average and exceptional service often lies in execution speed, personal communication, and trust. Firms that succeed in this segment are those that combine institutional-grade infrastructure with boutique-style attention.

4. Brokers That Are Order Takers: The Execution Specialists

At the opposite end of the service spectrum are the order-taking futures brokers—a category that appeals to experienced traders who prefer full control over their strategies. These brokers execute trades exactly as instructed, without offering advice or intervention. Their value proposition centers on speed, transparency, and low cost.

What Defines an Order-Taker Futures Broker?

No advisory role: They execute customer instructions without interpretation or comment.
Low commission structures: Since they do not provide recommendations, their fee models are lean.
Access to advanced trading platforms: Often offering direct market access (DMA) and real-time order management tools.
Focus on autonomy: Ideal for self-directed traders who understand market volatility, leverage, and risk exposure.

In many cases, order-taker futures brokers operate through online platforms, allowing traders to enter, modify, and close positions instantly. They may also offer multiple data feeds, customizable charting, and connectivity to automated trading systems.

Why They Matter

While some traders value guidance, others prefer precision and control. For algorithmic or day traders, an order-taker futures broker eliminates the friction of advisory bureaucracy and ensures immediate market execution. The efficiency and low-cost model of these brokers make them indispensable to the modern digital trading ecosystem.

5. API-Connected Futures Brokers: The Technology Powerhouses

The rise of automation, machine learning, and quantitative trading has revolutionized the brokerage industry. API-connected futures brokers are now central to the infrastructure of professional and institutional trading environments.

What Is an API in Futures Trading?

An API (Application Programming Interface) allows software systems to communicate seamlessly. In futures trading, APIs enable traders to connect their strategies, trading bots, or analytical systems directly to a broker’s order routing network.

Features of API-Focused Futures Brokers

Automated Execution – Traders can program their systems to place, modify, and close orders automatically based on pre-set logic.
Data Access – APIs provide real-time market data, historical price feeds, and tick-level information for backtesting strategies.
Custom Integration – Professional traders can link brokers’ APIs with Python, C#, or Java-based trading systems.
Low Latency – Leading API-driven futures brokers host servers close to major exchanges (CME, ICE, Eurex) to minimize delay.
Algo and Quant Compatibility – Designed to support high-frequency, algorithmic, and systematic trading frameworks.

Who Uses API Futures Brokers?

API brokers appeal to a wide audience:

Institutional traders seeking efficient execution for high-volume strategies.
Independent algorithmic traders running custom scripts and models.
Prop trading firms using statistical arbitrage or machine-learning-based approaches.

These brokers also cater to developers and fintech innovators creating new trading tools, dashboards, and strategy optimizers. They are often recognized as technology-first trading futures brokers, prioritizing connectivity, uptime reliability, and execution accuracy over traditional advisory features.

6. Evaluating Customer Service: Trustpilot’s Top-Rated Futures Brokers

Even in the era of automation, customer service remains a defining factor. The futures market operates 24/7 across time zones, and traders require instant support for margin calls, platform errors, or account adjustments. Trustpilot, one of the leading review platforms, offers valuable insights into which futures brokers excel in client satisfaction.

The Importance of Service in Futures Brokerage

Unlike equities or crypto markets, futures involve significant leverage and complex margining rules. A broker with responsive customer service can prevent costly errors or delays. The best customer service futures brokers provide:

24-hour live support with multilingual agents.
Direct access to licensed brokers via phone or chat.
Rapid ticket response times.
Proactive notifications about margin requirements and exchange updates.

Top-Rated Futures Brokers According to Trustpilot

futures brokers

While rankings evolve, as of 2025, several trading futures brokers consistently earn high praise:

Cannon Trading Company – Celebrated for its personal touch and professional support team. Reviewers often note its combination of deep industry experience and efficient online platforms.
Interactive Brokers (IBKR) – Recognized for advanced technology and global market access, though some reviews note its steep learning curve.
NinjaTrader Brokerage – Frequently mentioned for its responsive service, platform reliability, and community-driven support.
AMP Futures – Applauded for low commissions and customer-centric service, particularly for new traders.
Tradovate – Rated highly for modern platform design and responsive chat-based assistance.

Trustpilot’s reviews reveal a clear pattern: traders value brokers who combine technology with humanity. Even in automated trading, the assurance of accessible support builds long-term trust.

7. How to Choose the Right Futures Broker for Your Needs

Selecting among the many futures brokers available requires careful assessment of personal priorities. Every trader’s goals, experience, and technical needs are unique.

Key Criteria to Consider

Trading Style
- Active traders may prefer low-cost, API-driven brokers.
- New traders benefit from recommending brokers who offer guidance.
Account Size
- HNWIs should look for customized leverage and relationship-based service.
- Smaller accounts benefit from brokers with low minimums and competitive margins.
Platform and Technology
- Evaluate speed, reliability, and available integrations.
Customer Support
- Test response times and availability during volatile trading sessions.
Regulatory Standing
- Ensure the broker is registered with entities like the NFA or CFTC in the United States.

By aligning these factors, traders can find the futures broker that matches both their financial capacity and psychological comfort.

8. The Future of Futures Brokers: Where Innovation Meets Integrity

The brokerage industry is evolving rapidly. As AI trading, cloud infrastructure, and blockchain settlement mature, futures brokers are adapting to remain relevant and efficient. The most successful firms blend tradition with technology—offering algorithmic compatibility without sacrificing the human connection that underpins trust.

Key Trends Shaping the Next Generation of Brokers

Artificial Intelligence Integration: AI-driven analytics for trade recommendations and risk alerts.
Blockchain Settlement: Enhanced transparency and reduced counterparty risk.
Cross-Asset Integration: Seamless trading across futures, options, and digital derivatives.
Personalized Dashboards: Customizable interfaces that adapt to a trader’s habits and goals.

In this landscape, the futures broker is not just a facilitator—it’s a partner in performance. Brokers that combine high-speed infrastructure, data-driven insights, and responsive service will continue to lead the market.

9. Why the Right Futures Broker Makes All the Difference

Every successful trader understands that execution quality, margin management, and platform reliability can make or break profitability. Choosing among the wide array of trading futures brokers is not about finding the cheapest—it’s about finding the most consistent and trustworthy partner.

Recommending brokers bring expertise and mentorship.
HNW brokers deliver exclusivity and tailored solutions.
Order takers prioritize speed and autonomy.
API-connected brokers fuel the next generation of algorithmic trading.

Whether you’re a retail trader learning the ropes or a high-frequency professional optimizing milliseconds, the right futures broker will align with your style, risk appetite, and long-term objectives.

As Trustpilot’s reviews confirm, the most highly regarded futures brokers are those that blend innovation with integrity—bridging human insight and technological power in equal measure.

In the complex world of futures trading, understanding the different types of futures brokers is essential. From personalized advisory firms and elite wealth-focused operations to execution-only and API-integrated specialists, each category fulfills a vital role in global market participation. The best trading futures brokers are those who not only offer cutting-edge technology but also maintain a steadfast commitment to their clients’ success through responsive service and ethical conduct.

Ultimately, the choice of a futures broker is both strategic and personal. It’s about finding that equilibrium between cost, competence, and care—a balance that empowers traders to navigate the futures markets confidently and profitably.

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Frequently Asked Questions (FAQ)

1. What does a futures broker do?

A futures broker acts as an intermediary between traders and futures exchanges, executing buy and sell orders for futures contracts. They also manage account margins, provide access to trading platforms, and ensure compliance with exchange regulations. Depending on the type of broker, services can range from simple order execution to full-service recommendations and analysis.

2. What are the main types of futures brokers?

There are several types of futures brokers, including:

Recommending brokers who offer market advice and strategy guidance.
High-net-worth (HNW) brokers catering to affluent clients with tailored services.
Order-taking brokers who execute trades exactly as instructed without offering advice.
API-connected brokers who provide advanced technology for automated and algorithmic trading.
Each type serves different trader needs, from beginners to professionals.

3. What is the difference between a full-service futures broker and a discount broker?

A full-service futures broker provides comprehensive support—research, recommendations, and personal guidance—while a discount broker focuses on low-cost trade execution and access to online platforms. The right choice depends on your trading experience and whether you prefer independent or guided trading.

4. How do API-connected futures brokers work?

API-connected futures brokers allow traders to integrate automated systems or custom software directly with the broker’s trading network. Through APIs, traders can run algorithms, execute trades automatically, access live market data, and manage risk programmatically. This setup is ideal for quantitative and algorithmic traders who rely on speed, precision, and scalability.

5. Which futures brokers have the best customer service?

According to Trustpilot and other review platforms, some of the best futures brokers for customer service include:

Cannon Trading Company – praised for its personalized support and professional staff.
NinjaTrader Brokerage – valued for quick responses and platform reliability.
AMP Futures – known for helping new traders with efficient communication and technical guidance.
Interactive Brokers (IBKR) – offering global market access with robust support infrastructure.
These firms stand out for combining technology with responsive, human-centered assistance.

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

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Government Shutdown drags on as the longest in US History, missing reports, December Heating Oil, Levels; Your 4 Important Need-To-Knows for Trading Futures the week of November 10th, 2025

Posted on November 7, 2025 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1266

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Dec (GCZ5)	3955.23	3983.07	4009.43	4037.27	4063.63
Silver (SI) — Dec (SIZ5)	47.31	47.78	48.26	48.73	49.21
Crude Oil (CL) — Dec (CLZ5)	58.72	59.27	59.86	60.41	61.00
Dec. Bonds (ZB) — Dec (ZBZ5)	116 16/32	116 25/32	117 4/32	117 13/32	117 24/32

WASDE Monday CXL’D due to Government Shutdown

Without this report, farmers must depend on local elevator bids, private forecasts, and regional university data instead of the usual official numbers. That shift increases market volatility and complicates forward sales, hedging, and crop planning. Traders and risk managers now have to make decisions with incomplete information, which can amplify price swings across commodities like corn, soybeans, and wheat.

Veterans Day Tuesday the 11th

Originally Armistice day following WWI, Veterans Day serves as a reminder of the sacrifices made by those who have served in the military. It is a day for Americans to express gratitude and respect for the bravery and dedication of veterans across the nation. Because of the ongoing government shutdown, numerous key US economic data releases are unavailable and will not be reported during the week of November 10, 2025. Agencies like the Bureau of Labor Statistics (BLS), Bureau of Economic Analysis (BEA), and the Census Bureau have suspended their operations. Even if the shutdown ends this weekend.

Potentially Delayed Reports (from shutdown-affected agencies):

Consumer Price Index (CPI) and Core CPI (November 13): Released by BLS (Department of Labor). This measures inflation and is often delayed during shutdowns.
Producer Price Index (PPI) and Core PPI (November 14): Also from BLS. Tracks wholesale inflation; commonly postponed.
Retail Sales (November 15): From the Census Bureau (Department of Commerce). Covers consumer spending data.
Import and Export Prices (November 15): Jointly from BLS and Census Bureau. Would likely be affected.
Business Inventories (potentially November 15): From Census Bureau. Often delayed.

Reports Likely Unaffected:

Federal Reserve Beige Book (if scheduled that week): Issued by the Fed, which operates independently and isn’t impacted by shutdowns.
Jobless Claims (November 14): From the Department of Labor, but sometimes partially released if essential staff are exempted.
Any private-sector reports (e.g., from ADP or ISM) or market data not tied to federal agencies.

As for earnings reports? Next week we will see the numbers over 1200 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 U.S. Dollar 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. Quiet
Wed. Cisco
Thu. Baba, Disney, AMAT, Brookfield
Fri. Quiet

FED SPEECHES: (all times CDT)

Mon. Quiet
Tues. Quiet
Wed. Williams 8:20 am, Paulson 9:00am, Bostic 11:15am
Thu. Hammack 11:20am
Fri. Schmid 9:05am, Logan 1:30pm, Bostic 2:20pm

Economic Data week:

EIA is continuing normal operations and will report Crude oil and Nat Gas numbers. However, due to Veterans Day, Crude will be moved to afternoon Thursday @ 3:30pm CST and Nat gas to Friday Morning @ 9:30am CST.

Trading Challenge! – Simulated Environment, REAL CASH Prizes!

Get ready to put your trading skills to the test! Cannon Trading is proud to be part of the upcoming CME Group Trading Challenge, running November 9–14, 2025, where participants can compete in a risk‑free, simulated futures environment. Each trader starts with a $25,000 virtual account and the chance to trade across a wide range of CME Group products—including equities, energy, metals, FX, interest rates, agriculture, and even cryptocurrency contracts. Along the way, you’ll gain insights from industry veteran Bob Iaccino, access exclusive educational content, and compete for cash prizes of up to $2,500. Enrollment is free, but spots are limited—register today and see how your strategies stack up against fellow traders.

Join the Challenge for Free!

Trading Challenge! – Simulated Environment, REAL CASH Prizes!

Each trader starts with a $25,000 virtual account and the chance to trade across a wide range of CME Group products—including equities, energy, metals, FX, interest rates, agriculture, and even cryptocurrency contracts.

Along the way, you’ll gain insights from industry veteran Bob Iaccino, access exclusive educational content, and compete for cash prizes of up to $2,500. Enrollment is free, but spots are limited—register today and see how your strategies stack up against fellow traders.

Join the Challenge for Free!

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

December Heating Oil

December heating oil is challenging its contract highs. At this point, a breakout into new sustained highs would project a possible run in the third upside PriceCount objective to the 2.60 area.

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 Upside ES Trading System

Markets Traded: Mini SP 500

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Not Disclosed

Suggested Capital: $28,000

Developer Fee per contract: $175 Monthly Subscription

Get Started

Learn More & Detailed Results

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.

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Daily Levels for Nov. 10th, 2025

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Trading Reports for Next Week

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

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Time Average Bands vs. Bollinger Bands, December Natural Gas, NEW WEBINAR NEXT WEEK, Levels, Reports; Your 5 Vital Need-To-Knows For Trading Futures on November 7th, 2025

Posted on November 6, 2025 by Cannon Operations

Time Average Bands

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Dec (GCZ5)	3941.53	3965.37	3997.03	4020.87	4052.53
Silver (SI) — Dec (SIZ5)	46.76	47.31	47.96	48.52	49.17
Crude Oil (CL) — Dec (CLZ5)	57.95	58.76	59.63	60.44	61.31
Dec. Bonds (ZB) — Dec (ZBZ5)	115 31/32	116 20/32	117 1/32	117 22/32	118 3/32

Time Average Bands

Shaun Downey – www.cqg.com sign up for a free demo!

bands

Definition

The average range for each bar’s time of day is computed over a user-defined period. For example, on a 30-minute chart, the 12 p.m. bar has its range calculated over the last n days. Then the highest and lowest value of range for that time of day is computed over a much larger sample of bars. The difference between the current range is recorded against the highest and lowest range, and depending on the difference, an exponential moving average is calculated.

This average is given a user-defined minimum and maximum range which in the examples in the chapter are between a three and twenty-one period. The conclusion is that if, range is narrow in relationship to the history of that time of day, the average slows, but if range is large, the average speeds up. Due to the often-large differences in range between consecutive intraday bars the differences in the speed of the average from one bar to the next can be considerable.

Comparison with Adaptive Moving Averages

The performance of the average has similar characteristics to an adaptive moving average in that it will speed up when price trends (especially if range expands for the time of day as well) and slows down in sideways action. The adaptive average will often lose all movement in sideways and move horizontally. In a trend they can behave in contrasting fashion.

Adaptive averages will simply accelerate with a trend whilst the Time Average will do likewise in association with the time of day. This means there will be times when it is more sensitive than the Adaptive and others when it is slower.

The other key difference is that because the Time Average is always looking back to the previous period’s time of day the current bar’s average is already computed and does not move when we look at the current bar. This means there is always a fixed reference point.

Concept of a moving average that adjusted based on the:

time of the day
range
comparison between that range and the long-term average of range to create a dynamic average

However, whilst this is flexible, it does little to help in understanding risk and extremes. Once again in order to try and understand extremes 1,2 and 3 standard deviations are placed around the variable average.

Time Average Bands versus Bollinger Bands

Given that the moving average changes on every bar and looks at the relationship between range as opposed to the close-to-close, the behavior of the standard deviations is significantly different from how a traditional Bollinger Band would perform. The first major difference is that the Time Average Bands normally do not expand in opposite directions in a strong trend. This is because of the differences in analyzing range instead of the close.

This is a far more stable relationship as the differences in range are not as large as the difference between one close and the next. Typically, if the market trends up, this will cause the average to rise and the top bands will expand upwards as well, but the bottom bands will also move higher. The only time that the bands will move in opposite directions is if there is a significant change in range.

If the market then pauses and range contracts, it will take a considerable time for the bands to come back together. The example on the 60-Minute Cable chart shows the basic premise. The bands were close together before the economic number at 3 p.m. The effect of the number causes a huge expansion of range and prices close below the 3rd standard deviation down.

The bands expand, indicating a strong breakout. However, subsequent to the initial break the market inevitably calms down and range contracts. From that point onwards the first deviation band down marks short-term exhaustion points and the moving average as a resistance point.

Read the rest, see chart samples and more!

Dec. Natural Gas

December natural gas made a low just short of the final downside PriceCount objective. Now, on the correction higher, the chart has activated upside counts with the first objective projecting a run to the 4.53 area.

Daily Levels for Nov. 7th, 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

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Shutdown Day 36, Crypto and Energy Trading, March Corn, Levels, Reports; Your 5 Important Need-To-Knows for Trading Futures on November 6th, 2025

Posted on November 5, 2025 by Cannon Operations

Shutdown, Crypto & Energy Futures

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Dec (GCZ5)	3912.00	3953.30	3977.00	4018.30	4042.00
Silver (SI) — Dec (SIZ5)	45.94	46.95	47.53	48.54	49.13
Crude Oil (CL) — Dec (CLZ5)	58.50	59.05	60.07	60.62	61.64
Dec. Bonds (ZB) — Dec (ZBZ5)	115 11/32	115 27/32	116 28/32	117 12/32	118 13/32

Day 36 of the U.S Government shutdown, which officially makes it the longest in U.S. history.

Here’s a 50-year look-back at government funding gaps and shutdowns.

Data for the current shutdown is through November 4.

Crypto:

From its October 6th record high closing of 126,705, the Dec. Bitcoin futures contract entered a technical bear market yesterday, trading intraday below $100,000 for the first time in four months and down over 20%, closing at 101,545. For that full Bitcoin futures contract – with a contract unit of 5 Bitcoin – this is a >$125,000 per contract move.

For the micro-Bitcoin futures contract – with a contract unit of 1/10 Bitcoin – this is a >$12,500 per contract move.

Similar movement was seen in other CME crypto futures, including Ether and the new Solana and XRP futures contracts. All offer full and micro-futures contracts.

Find out more at the CME Group page on Cryptocurrency futures and options

Energy:

Dec. crude oil fell below $60/barrel after U.S. government data showed an increase in crude inventories last week. Against this backdrop, some traders and analysts are bracing for further declines as the global supply glut looks to continue into 2026.

Even with U.S. sanctions on Russia’s top oil producers, Rosneft and Lukoil, and the OPEC+ decision to pause output hikes in the first quarter of next year, there is still concern about a potential supply glut.

The World Bank last week forecast that the oil glut “has expanded significantly in 2025 and is expected to rise next year to 65% above the most recent high, in 2020.” Reminder: it was April 2020 when crude oil futures traded briefly into negative territory and spent the latter 10 months trading below $50/barrel.

March Corn

March corn is consolidating while contending with overhead against the extended downtrend and 200 DMA. At this point, new sustained highs would project a potential run to the third upside PriceCount objective to the 4.83 area.

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. 6th, 2025

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

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Option Greeks – Self Guided Online Course

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Dec. Bonds (ZB)

Option Greeks

Course Overview

December Corn

Daily Levels for Nov. 14th, 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

Gold (GC)

Silver (SI)

Crude Oil (CL)

Dec. Bonds (ZB)

General:

Metals:

Energies:

Notable Natural gas statistics as of yesterday’s close:

Daily Levels for Nov. 13th, 2025

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In Honor of Our Veterans

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Dec. Bonds (ZB)

A Poem for Veterans.

Master Options on Futures — Your Edge Starts Here

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

November 12, 2025

Bloomberg Commodity Index

Daily Levels for Nov. 12th, 2025

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Master Options on Futures — Your Edge Starts Here

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Dec. Bonds (ZB)

Master Options on Futures — Your Edge Starts Here

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

New Crop 2026 Bean to Corn Ratio

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Cannon Futures Weekly Letter

In Today’s Issue #1266