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.

AI Stocks push higher, leading a bullish market PLUS: How to Place a Trailing Stop on CannonX VIDEO, Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 12th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4616.57 4681.33 4719.87 4784.63 4823.17

Silver (SI)

— July. (#SI)

77.04 81.91 84.40 89.27 91.77

Crude Oil (CL)

— June. (#CL)

94.01 96.12 98.25 100.36 102.49

 June Bonds (ZB)

— June. (#ZB)

112  16/32 112 24/32 113 6/32 113 14/32 113 28/32

Technical Analysis Weekly Market Update

By Eli Levy, Senior Analyst

CPI tomorrow is a market moving report and we anticipate higher volatility going into and right after the report.

ai

Over a week old but still the best quote — Jeff DeGraff of Renaissance Macro had what I think was the cleanest framing of where this market sits as we close out April: we’re still dancing, but we’re staying in close proximity to the door. The tape, as DeGraff put it, is the dominant factor — and the tape is moving in the right direction. That keeps him constructive.

Artificial Intelligence (AI)

The driving engine behind this week’s push higher in stocks continued to be the artificial intelligence (AI) infrastructure plays, especially in the chip stocks. AMD reported earnings on Tuesday and helped fuel additional bullish momentum as AMD CEO Lisa Su once again revised longer-term growth expectations higher. The continuous data points from the chip companies suggest that compute demand still outstrips supply.

Another euphoric week and not without reason. Friday morning’s stronger-than-expected monthly jobs report appears to be reinforcing the notion that the labor market is firm, and the AI secular growth story will continue to support economic growth, regardless of higher oil prices and no rate cuts from the Federal Reserve. Are markets becoming complacent? Possibly — but current conditions still support bullish momentum. The global economy is experiencing a major capital expenditure cycle, while earnings expectations continue to trend higher.

Bullish Positioning

As long as pullbacks are consistently bought and dip buyers continue to be rewarded, bullish positioning can reinforce itself and extend trends longer than many expect. When markets continue stair-stepping into new all-time highs, there is little historical resistance overhead. In these environments, price discovery remains active, meaning the market is still attempting to determine fair value.

Near-term conditions may appear overbought, particularly in areas like the semiconductor sector, but overbought conditions alone do not determine when a pullback will occur. Strong momentum can persist longer than expected.

Instead of predicting reversals solely from stretched conditions, traders should monitor for actual signs of weakening momentum, such as: bearish reversal candlestick patterns on the daily timeframe; failed breakouts or loss of follow-through; deteriorating breadth or momentum confirmation; and negative news.

See review of many charts from different segments along with key levels to watch and market direction HERE.

How to Place a Trailing Stop on CannonX
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Cannon Edge — Your Daily Futures Snapshot for May 12th

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Daily Levels for May 12th, 2026

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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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crude oil futures Contracts

crude oil futures contracts

Crude Oil Futures Contracts


crude oil futures contracts

crude oil futures contracts

Crude oil remains one of the most actively traded commodities in the world. Traders, institutions, airlines, refiners, hedge funds, and governments all watch energy markets closely because oil affects inflation, transportation, manufacturing, and consumer spending.

In 2025, crude oil futures contracts continue attracting global attention. While geopolitical tensions involving Iran and the United States remain influential, many additional forces are shaping price direction across North America and worldwide.

Understanding those forces can help traders make more informed decisions while managing volatility effectively.

Global Supply Decisions Continue to Shape Energy Markets

OPEC and OPEC+ production policies remain among the largest pricing drivers in energy trading.

When Saudi Arabia, Russia, and other major producers reduce output, global supply tightens quickly. Reduced inventories usually support higher oil prices. Conversely, increased production can pressure markets lower.

Several major factors currently influence supply:

  1. OPEC+ quota reductions
  2. North American shale production
  3. Refinery maintenance schedules
  4. Export restrictions from producing nations
  5. Weather disruptions in the Gulf of Mexico

U.S. shale output has become especially important. American production growth during the last decade transformed global energy pricing dynamics.

Texas and North Dakota production increases have occasionally offset international supply disruptions. However, drilling costs, labor shortages, and financing constraints can slow expansion.

This creates uncertainty for traders involved with crude oil futures contracts.

Interest Rates and Inflation Are Influencing Oil Demand

Central bank policy has become another critical factor.

Higher interest rates often slow economic growth. When manufacturing activity weakens, energy demand typically declines. Lower demand can pressure oil prices downward.

Inflation also impacts transportation and industrial consumption.

Businesses facing elevated borrowing costs may reduce expansion plans. Consumers may drive less or delay travel spending.

Key inflation-sensitive sectors include:

  • Airlines
  • Trucking companies
  • Manufacturing plants
  • Construction firms
  • Agricultural transportation

The Federal Reserve’s decisions therefore affect oil traders almost daily.

When markets anticipate lower rates, crude oil prices frequently rise because traders expect stronger future economic activity.

Currency Strength Is Affecting Commodity Prices

Oil trades globally in U.S. dollars.

A stronger dollar makes crude more expensive for foreign buyers. This can reduce international demand temporarily.

A weaker dollar often supports commodity prices because buyers using foreign currencies gain purchasing power.

Currency volatility has therefore become closely connected with crude oil futures contracts trading activity.

Emerging markets are especially sensitive to dollar movements because many developing economies rely heavily on imported energy.

Renewable Energy Growth Is Creating Long-Term Market Pressure

Renewable energy adoption continues expanding globally.

Electric vehicles, solar infrastructure, battery technology, and government clean-energy initiatives are influencing long-term oil demand expectations.

However, the transition remains gradual.

Commercial aviation, freight transportation, petrochemical manufacturing, and industrial shipping still depend heavily on petroleum products.

Several trends currently coexist:

  1. Rising EV adoption
  2. Continued airline fuel demand
  3. Petrochemical growth in Asia
  4. Expanding renewable infrastructure
  5. Strong diesel demand from logistics networks

This creates competing forces within energy markets.

Short-term oil demand remains substantial even as long-term transition narratives grow stronger.

What Were Oil Prices Averaging Before 2025?

North American oil prices experienced major volatility during the four years leading into 2025.

WTI crude prices averaged approximately:

  • 2021: near $68 to $70 per barrel
  • 2022: near $94 to $95 per barrel
  • 2023: near $77 to $78 per barrel
  • 2024: near $75 to $76 per barrel

Prices surged sharply in 2022 following global supply disruptions and economic reopening demand.

After peaking during that period, oil prices gradually moderated during 2023 and 2024.

Despite cooling from 2022 highs, average prices remained historically elevated compared to pre-pandemic norms.

This volatility kept crude oil futures contracts highly active among both institutional and retail traders.

Have Gasoline Prices Gone Up or Down?

Gasoline prices followed a similar pattern.

North American gasoline prices rose dramatically in 2022. U.S. consumers frequently paid over $4 per gallon nationally, with some states exceeding $6.

By late 2023 and throughout much of 2024, prices moderated.

However, gasoline costs still remained higher than historical long-term averages due to:

  • Refining constraints
  • Transportation costs
  • Seasonal demand increases
  • Environmental fuel regulations
  • Supply chain disruptions

Consumers noticed that even when crude prices declined modestly, retail gasoline prices did not always fall equally fast.

This disconnect often frustrates drivers but reflects refining margins, distribution expenses, and taxes.

For traders, these pricing relationships create additional opportunities within energy markets.

Transportation Demand Continues Supporting Energy Consumption

Global transportation activity remains strong despite economic uncertainty.

Commercial trucking, aviation growth, cruise travel, and freight logistics continue supporting petroleum demand worldwide.

Several industries remain highly dependent on oil:

  1. Airlines
  2. Shipping companies
  3. Freight rail systems
  4. Delivery logistics firms
  5. Agricultural operations

Even with increased electric vehicle adoption, global oil demand has remained resilient.

Population growth and industrialization in developing nations continue contributing to energy consumption increases.

This ongoing demand keeps crude oil futures contracts central to global commodity trading activity.

How Can Your Futures Broker Improve Trading Performance?

Broker selection matters significantly in volatile commodity markets.

A strong futures broker provides far more than simple order execution.

Professional brokers help traders manage risk, access technology, analyze markets, and improve execution efficiency.

Important broker advantages include:

  • Advanced trading platforms
  • Fast order routing
  • Risk management tools
  • Educational resources
  • Customer support accessibility

Execution quality becomes especially important during fast-moving energy markets.

Crude oil can move several dollars per barrel within hours following inventory reports, geopolitical developments, or economic data releases.

Reliable trade execution can therefore make a meaningful difference in trading outcomes.

Risk Management Is Essential for Energy Traders

Energy markets can experience extreme volatility.

Professional brokers help traders control exposure through tools such as:

  1. Bracket orders
  2. Stop-loss functionality
  3. Margin monitoring
  4. Real-time account reporting
  5. Position-sizing assistance

Many inexperienced traders underestimate oil volatility.

A sudden inventory surprise or unexpected geopolitical headline can move markets aggressively within minutes.

Risk controls help traders remain disciplined during unpredictable conditions.

This becomes especially important for traders involved with crude oil futures contracts during major economic announcements.

Technology and Market Access Matter More Than Ever

Modern futures trading increasingly depends on platform quality.

Professional traders often require:

  • Real-time market depth
  • Fast charting software
  • Mobile access
  • Automated strategy capability
  • Reliable connectivity

Cannon Trading Company has remained competitive for decades partly because of its emphasis on technology access and personalized support.

The company offers multiple professional-grade trading platforms designed for active futures traders.

This flexibility allows traders to choose systems matching their experience level and strategy preferences.

Why Cannon Trading Company Remains a Leading Choice

Cannon Trading Company has built a long-standing reputation within the futures industry.

Many traders choose the firm because of its combination of experience, customer service, technology access, and competitive pricing.

Several strengths distinguish the brokerage globally:

  1. Decades of futures industry experience
  2. Multiple professional trading platforms
  3. Personalized broker support
  4. Competitive commission structures
  5. Strong educational resources

The company has served traders through multiple market cycles, including financial crises, commodity booms, inflationary periods, and rapid technological evolution.

That operational history matters in highly volatile markets.

E-Mini Traders Continue Seeking Professional Brokerage Support

E-mini futures traders often require rapid execution and dependable systems.

Volatility in indexes, commodities, and energy products can create substantial opportunity but also elevated risk.

Cannon Trading Company continues attracting global e-mini futures traders because the firm supports active trading styles while maintaining responsive customer service.

Many traders appreciate direct broker accessibility during fast-moving sessions.

This level of service can become especially valuable during periods of extreme volatility in crude oil futures contracts and broader commodity markets.

Education Still Separates Consistent Traders From Emotional Traders

Long-term trading success usually depends on discipline and preparation.

Strong brokerages help traders improve through:

  • Webinars
  • Platform training
  • Market commentary
  • Risk management education
  • Trading support

Many new traders focus only on market direction.

Professional traders focus equally on capital preservation.

Educational support helps traders understand volatility, leverage, margin requirements, and disciplined execution.

This becomes increasingly important in leveraged products such as crude oil futures contracts.

FAQ Section

What are crude oil futures contracts?

Crude oil futures contracts are standardized agreements to buy or sell oil at a predetermined price and date through regulated futures exchanges.

Why are oil prices so volatile?

Oil prices react quickly to supply disruptions, geopolitical tensions, interest rates, refinery outages, economic growth expectations, and currency fluctuations.

Did oil prices rise before 2025?

Yes. Oil prices surged significantly during 2022 before moderating somewhat during 2023 and 2024.

Why do gasoline prices sometimes stay high even when oil falls?

Retail gasoline prices also include refining costs, transportation expenses, taxes, and distribution margins.

Why is broker selection important for futures trading?

A quality broker provides better execution, technology, education, and risk management tools that can improve trading efficiency.

Why do traders choose Cannon Trading Company?

Many traders value Cannon Trading Company for its decades of industry experience, platform variety, customer support, and strong reputation within the futures trading industry.

Are energy futures suitable for beginners?

Energy futures can be highly volatile. Beginners should use proper risk management, education, and disciplined position sizing before trading aggressively.

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

Copper Futures Contract

copper futures contract

Copper Futures Contract


copper futures contract

copper futures contract

Why Copper Continues to Attract Serious Futures Traders

The global commodities market has always rewarded traders who understand economic cycles, industrial demand, and market psychology. Few instruments combine those elements better than the copper futures contract.

Copper is often called “the metal with a PhD in economics.” That nickname exists for a reason. Copper demand reflects activity in construction, electric vehicles, renewable energy, telecommunications, housing, manufacturing, and infrastructure spending.

When economic growth accelerates, copper demand often rises sharply. When economies slow, copper prices can weaken quickly. That creates volatility, and volatility creates opportunity for futures traders.

Copper trading also attracts market participants because price movement can be highly responsive to geopolitical events. Supply disruptions in Chile or Peru can rapidly affect global pricing.

At the same time, Chinese industrial demand frequently influences market direction. Traders closely watch Chinese manufacturing reports, import data, and infrastructure announcements.

This constant flow of economic information makes copper attractive to both technical and fundamental traders.

What Makes Copper Different from Traditional Metal Markets

A copper futures contract behaves differently from many traditional precious metal products because copper is primarily an industrial metal rather than a financial safe haven.

Gold and silver often respond to:

  • Inflation fears
  • Central bank policy
  • Currency weakness
  • Risk-off sentiment

Copper reacts more directly to industrial expansion and manufacturing activity.

For example:

  1. A large infrastructure bill in the United States may support copper prices.
  2. Increased electric vehicle production can boost long-term demand projections.
  3. Renewable energy projects require substantial copper wiring and components.

These industrial uses create a different market personality compared to gold or silver futures.

Copper also tends to experience stronger supply chain sensitivity. Mining disruptions, labor strikes, weather issues, and export restrictions can produce rapid price movement.

That responsiveness creates short-term trading opportunities many active traders seek.

Another major difference involves volatility structure.

Gold sometimes trades in extended consolidation ranges during quiet macroeconomic periods. Copper often maintains more directional movement because industrial demand constantly changes.

Experienced traders appreciate markets with sustained momentum.

Why Technical Traders Like the Copper Market

Many chart-based traders prefer copper because the market frequently respects technical levels.

Support and resistance zones can become highly visible during active trading periods. Trend continuation patterns also appear consistently during strong economic cycles.

Popular strategies include:

  • Breakout trading
  • Moving average trend systems
  • Fibonacci retracement analysis
  • Volume confirmation setups
  • Momentum oscillators

Copper can also produce strong intraday movement during major economic releases.

For example, a surprising manufacturing report from China may trigger sharp market movement within minutes. Traders who specialize in momentum strategies often seek these conditions.

Liquidity is another important factor.

A properly traded copper futures contract usually provides enough volume for active participation while still delivering meaningful price movement.

That balance appeals to many short-term traders.

The Role of Global Electrification in Copper Demand

The energy transition has dramatically increased interest in industrial metals.

Electric vehicles require substantially more copper than traditional gasoline-powered vehicles. Renewable energy systems also rely heavily on copper wiring, transformers, and transmission infrastructure.

These long-term demand drivers have changed how many institutional traders approach the market.

Several major themes support copper demand:

  • Grid modernization
  • Electric transportation
  • Data center expansion
  • Artificial intelligence infrastructure
  • Green energy investment

Because of those developments, many traders believe copper may remain strategically important for years ahead.

That perception creates stronger institutional participation and deeper market engagement.

A copper futures contract therefore offers exposure to one of the most important industrial trends in the modern economy.

How a Strong Futures Broker Can Improve Trading Performance

Broker selection matters significantly in commodities trading.

Execution speed, platform stability, risk management tools, and customer service can directly affect performance outcomes.

A professional broker helps traders in several important ways.

Platform Technology

Fast execution becomes essential during volatile market conditions.

Copper markets can move rapidly following:

  • Inflation reports
  • Employment data
  • Chinese economic releases
  • Federal Reserve announcements

A quality broker provides stable order routing and advanced trading tools.

These may include:

  1. DOM trading functionality
  2. Automated bracket orders
  3. Real-time market depth
  4. Mobile execution capability
  5. Integrated risk controls

Technology reliability becomes especially important during fast-moving commodity sessions.

Risk Management Support

Commodity markets can experience sharp swings.

Professional brokers help traders manage exposure using:

  • Margin guidance
  • Position sizing education
  • Stop-loss functionality
  • Daily risk controls
  • Market analytics

For example, newer traders sometimes underestimate copper volatility during economic releases.

An experienced broker can help structure more disciplined risk parameters.

Market Education

Educational support remains extremely valuable.

Many traders improve performance through:

  • Webinars
  • Platform training
  • Strategy discussions
  • Market commentary
  • One-on-one support

A broker that understands commodity markets can often help traders avoid common mistakes.

That support may shorten the learning curve significantly.

Why Experience Matters in Commodity Brokerage

Commodity trading is highly specialized.

Not every brokerage understands futures execution, margin mechanics, or industrial commodity behavior.

Traders often prefer firms with decades of experience because those companies have navigated multiple market cycles.

Experienced firms understand:

  • Volatile commodity conditions
  • Risk management standards
  • Platform infrastructure
  • Regulatory compliance
  • Customer service expectations

Long-term operational history can provide confidence during uncertain market environments.

That reliability becomes especially important during periods of elevated volatility.

Why Cannon Trading Company Stands Out Globally

Cannon Trading Company has built a strong reputation among futures traders through decades of specialized service and market expertise.

The company focuses heavily on futures and commodity trading rather than trying to be a general retail brokerage.

That specialization matters.

Traders working with Cannon Trading Company gain access to:

  • Professional futures platforms
  • Responsive customer support
  • Competitive commission structures
  • Advanced execution technology
  • Deep futures market knowledge

The firm also supports a wide range of trading styles.

Whether a trader focuses on short-term momentum trading or longer-term commodity positioning, platform flexibility remains available.

A major strength of Cannon Trading Company involves client service.

Many traders value direct access to knowledgeable support professionals who understand futures markets in detail.

That can be especially important when trading fast-moving industrial products.

Another important advantage is platform diversity.

Cannon Trading Company provides access to respected futures platforms that support advanced charting, automated trading tools, and sophisticated order management systems.

For active commodity traders, execution flexibility can become a meaningful competitive advantage.

The company’s long-standing reputation also helps distinguish it within the global futures industry.

Trust and operational consistency matter greatly in leveraged markets.

Strategic Advantages of Trading Industrial Metals

Industrial metals offer diversification benefits many traders seek.

Equity indexes and bond markets do not always move in sync with commodity markets.

Copper often reflects:

  • Industrial growth expectations
  • Infrastructure investment
  • Supply chain conditions
  • Manufacturing expansion

That creates opportunities for macroeconomic positioning.

Some traders also use industrial metals to hedge inflation exposure or diversify broader trading portfolios.

A copper futures contract can therefore play multiple strategic roles within an active trading approach.

Frequently Asked Questions

What influences copper prices the most?

Copper prices often react to global manufacturing demand, Chinese economic activity, mining supply disruptions, and infrastructure investment trends.

Interest rates and currency movement can also influence pricing behavior.

Is copper more volatile than gold?

Copper can experience stronger industrial-driven volatility than gold because supply chain disruptions and economic growth expectations directly affect demand.

That volatility attracts many active traders.

Why do traders use futures instead of buying physical copper?

Futures markets offer leverage, liquidity, and efficient price exposure without requiring physical storage or transportation of the underlying metal.

Is a copper futures contract suitable for short-term traders?

Yes. Many day traders and swing traders favor the market because of strong liquidity, technical movement, and reaction to economic news.

Why do traders choose Cannon Trading Company?

Many traders value the company’s decades of futures experience, strong customer support, platform flexibility, and specialization in commodity trading services.

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

 

WASDE, CPI, PPI, Fed speakers, earnings PLUS: Trading Psychology 19 Minutes FREE online Course! Futures 102 – The Daily Briefing – What The Pros Know Before Trading, Brazilian Real Chart & Outlook Cannon Edge, Levels & Reports; Your 7 Important Can’t-Miss Need-To-Knows before Trading Futures the Week of May 11th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1289

  • The Week Ahead – WASDE, CPI, PPI

  • Trading Psychology 19 Minutes FREE online Course!

  • Futures 102 – The Daily Briefing – What The Pros Know Before Trading

  • Brazilian Real Chart & Outlook

  • Cannon Edge – Your Futures trading Map for the week ahead!

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

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4631.97 4682.33 4721.37 4771.73 4810.77

Silver (SI)

— July. (#SI)

77.02 79.04 80.60 82.62 84.18

Crude Oil (CL)

— June. (#CL)

90.89 92.79 95.71 97.61 100.53

 June Bonds (ZB)

— June. (#ZB)

112  23/32 113 4/32 113 16/32 113 29/32 114 9/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

WASDE, CPI, PPI, a few Fed speakers and light earnings.

cpi

There is an oft heard adage this time of year. “Sell in May and go Away”

This reference to stocks maybe out dated to avoid historically lower returns and volatility during the summer, returning in November. While based on long-term data (1945–2026) showing weaker performance in the May–October period, it is considered outdated as stocks often still rise during these months. In the age of AI-driven markets and global investing, this strategy is less relevant. For instance, in the last decade, the May–October period has seen a more robust 7% rise.

Risks of Timing: Investors who sell in May risk missing out on significant gains, as markets have recorded positive summer returns in 38 of the last 50 years.

Under the Bull or Bear category.

We can trade either side of the market and prepare for volatility. On Monday, reach out to your broker for trading ideas. Bull or Bear, you really shouldn’t care.

Tuesday’s WASDE (World Agriculture Supply Demand Estimates) report will now be coming more impactful to pricing in the commodity markets than they have previously been during the recent seasonal cycles.

South American crops should largely be in the bins and round 1 for North American crops, for the most part, are in the ground with exceptions, I would also suggest, the timing of this report coincides with “weather market” volatility. The May 12 WASDE is expected to be the first official look at the 2026/27 crop year, and the main focus is likely to be corn, soybeans, and wheat.

According to www.agriculture.com  as of May 3rd (the most recent data)

 Corn and soybean planting is ahead of the five-year average, with 38% of corn and 33% of soybeans planted.

 Winter wheat is progressing well, with 49% headed, but crop conditions remain weaker than last year.

 Spring wheat planting lags slightly behind the five-year average, while oat planting is on track with historical trends.

For a change of pace

Key Differences between CPI and PPI to Monitor

  • PPI (Producer Perspective): Measures selling prices received by producers (wholesale), which acts as a short-term precursor to CPI. It often highlights inflationary pressures on the supply side.
  • CPI (Consumer Perspective): Measures prices paid by consumers (retail). It includes imports and sales taxes, unlike the PPI

Consensus Forecasts (Mid-2026) (per TradingEconomics)

  • April 2026 CPI: Forecasts suggest a +0.7% m/m surge in headline, with core rising to 2.7% y/y.
  • March 2026 Data: As of the latest official report, YoY CPI was 3.3% and PPI was 4.0%.
  • 2026 Forecasts: Some projections for December 2026 have been raised to 3.0% y/y for headline CPI and 2.6% y/y for core.

Is the smoke clearing in the Middle East and the markets have a renewed sense of confidence?

The energy and metals are swirling in the uncertainty of a lack of resolution in the attempted unwinding of the Iranian nuclear program.

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

Of note next week with WASDE looming Tuesday. a few key economic data points to watch CPI is the biggest. Earnings this week continues,  albeit at a very light 7th inning, Plan your trade and trade your plan!

Earnings Next Week:

·        Mon. Constellation Energy

·        Tue. Zebra Technologies, Masimo

·        Wed. Tencent

·        Thu. Applied Materials, Ross Stores

·        Fri.   Quiet

FED SPEECHES: (all times CDT)

·        Mon.  Quiet

·        Tues.   2:15 am Williams, 12:00 Goolsbee,

·        Wed. 10:30am Collins 12:15 pm Kashkari, 6:00 pm Logan

·        Thu.  12:00 Hammack, 4:45 Williams, 6:00 pm Barr

·        Fri.   quiet

Econ Data:

·        Mon. Existing HomeSales,

·        Tue.  ADP Weekly, CPI, Redbook, WASDE, API Crude Stock Change

·        Wed. PPI, EIA Crude stocks

·        Thu.   Initial Jobless claims, Retail Sales, Business inventories Nat Gas Stocks, consumer credit change

·        Fri. NY Empire State Mfg. Index, NOPA Crush Report, Baker Hughs Oil Rig Count

Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche.

Why?

Because losing is part of trading, and people hate to lose.

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Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that ( 100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing HERE and make sure to Bookmark this page!

Brazilian Real

The Weekly Brazilian Real is approaching its second upside PriceCount objective. It would be normal to get a reaction from this level in the form of a consolidation or corrective trade. IF the chart can sustain further strength, the third count would project a potential run to the .22663 area, an 11.6% increase from today’s price.

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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.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & Much more!

Highly recommended for HEDGERS!

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Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for May 11th 2026

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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

  • Current price and daily % change

  • 30‑day and 52‑week highs/lows

  • PROPRIETARY Short‑term and long‑term trend signals

  • Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

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

Daily Levels for May 11th, 2026

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Would you like to receive daily support & resistance levels?

Trading Reports for Next Week

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

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

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Non-farm Payrolls (NFP) PLUS: June Live Cattle, Pre-Market Briefing TEXT & PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t Miss Need-To-Knows for Trading Futures on May 8th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4648.80 4684.80 4730.00 4766.00 4811.20

Silver (SI)

— July. (#SI)

74.76 77.29 79.98 82.51 85.20

Crude Oil (CL)

— June. (#CL)

86.81 91.39 94.42 99.00 102.03

 June Bonds (ZB)

— June. (#ZB)

112  12/32 112 25/32 113 15/32 113 28/32 114 18/32

Non-farm Payrolls (NFP)

nfp

What are Non-Farm Payrolls?

Tomorrow’s Non-farm Payrolls (NFP) report is one of the most important catalysts for futures traders, as it can quickly reset expectations for economic growth, interest rates, and Federal Reserve policy.

What drives NFP?

Strong or weak employment data often drives sharp, fast moves in equity index futures, Treasury futures, currencies, and even metals, especially in the minutes immediately following the release.

How can traders use NFP?

For traders, the focus should be less on predicting the number and more on how price reacts—watching volatility, liquidity, and key technical levels to determine whether the market is confirming or fading the initial move. With NFP, disciplined risk management is essential, as expanded ranges and sudden reversals are common once the market digests the data.

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June Live Cattle

June Live Cattle satisfied the second upside PriceCount objective and corrected. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential move to the $284.16 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.

Cannon Edge — Your Daily Futures Snapshot for May 8th

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Daily Levels for May 8th

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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

or wherever you listen to podcasts!

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HUGE move up on equities and down on energies on overnight developments with Iran PLUS: June Live Cattle, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 7th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4487.83 4598.07 4666.33 4776.57 4844.83

Silver (SI)

— July. (#SI)

71.19 74.61 76.47 79.90 81.76

Crude Oil (CL)

— June. (#CL)

81.53 88.43 95.57 102.47 109.61

 June Bonds (ZB)

— June. (#ZB)

112 5/32 112 29/32 113 13/32 114 5/32 114 21/32

HUGE move up on equities and down on energies on overnight developments with Iran.

STAY NIMBLE

equities

For tomorrow’s session, futures traders should stay focused on overnight price action, key technical levels, and scheduled economic catalysts. Pay close attention to how price behaves around prior day highs/lows, value areas, and major support or resistance, as these levels often define early risk.

Monitor overnight volume and global market tone for clues on directional bias but remain flexible—especially around economic releases or central-bank speakers that can quickly change volatility.

Above all, prioritize risk management and execution discipline, letting the market confirm your idea before committing size rather than forcing trades.

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June Live Cattle

June Live Cattle satisfied the second upside PriceCount objective and corrected. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential move to the $284.16 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.

Cannon Edge — Your Daily Futures Snapshot for May 7th

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Daily Levels for May 7th

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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

or wherever you listen to podcasts!

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Add price confirmation workflow for signal-based intraday trading PLUS: June Treasury Bonds, CannonEdge Snapshot, Pre-Market Briefing TEXT AND PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 6th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4487.17 4526.43 4561.97 4601.23 4636.77

Silver (SI)

— July. (#SI)

71.74 72.52 73.58 74.36 75.42

Crude Oil (CL)

— June. (#CL)

98.71 100.73 103.11 105.13 107.51

 June Bonds (ZB)

— June. (#ZB)

111 29/32 112 9/32 112 18/32 112 30/32 113 7/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

  • Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
  • The core behavior is to wait for the market to respect the signal before entering:
  • For a sell signal, confirm by breaking below the previous bar low.
  • For a buy signal, confirm by breaking above the previous bar high.
  • Helps filter out weak or premature signals and encourages more patient trade selection.
  • Demonstrates how the signal indicator can be paired with additional visual context, including:
  • Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
  • Trailing-stop management once the trend begins to fade or reverse.
  • Reinforces that the trader still needs to manage:
    • position size
    • stops
    • targets
    • trade exits
  • Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.

Assumptions

  • The PR is intended to document or implement the trading rule described in the Loom rather than change exchange/order-routing logic.
  • Signal generation already exists; this change adds a confirmation step before a trade is considered valid.
  • The previous bar high/low is the intended confirmation reference for both long and short setups.
  • Color Bars are used as a discretionary visual aid and not as a hard entry/exit requirement.
  • This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE

Price Confirmation
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June 10 Year Treasury Bonds

The June 10 Year Treasury Bonds corrected after completing the first downside PriceCount objective in March. Now, the chart is threatening to break down where new sustained lows would project a possible run to the second count to the 108^22 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.

Cannon Edge — Your Daily Futures Snapshot for May 6th

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Daily Levels for May 6th, 2026

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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

or wherever you listen to podcasts!

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Technical Analysis Weekly Market Update PLUS: CannonEdge Snapshot, Pre-Market Briefing TEXT & PODCAST, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 5th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4421.47 4473.33 4561.97 4613.83 4702.47

Silver (SI)

— July. (#SI)

70.17 71.67 74.10 75.60 78.03

Crude Oil (CL)

— June. (#CL)

95.59 100.43 103.94 108.78 112.29

 June Bonds (ZB)

— June. (#ZB)

111 4/32 111 22/32 112 19/32 113 5/32 114 2/32

Technical Analysis Weekly Market Update

By Eli Levy, Senior Analyst

Market

Jeff DeGraff of Renaissance Macro had what I think was the cleanest framing of where this market sits as we close out April: we’re still dancing, but we’re staying in close proximity to the door. The tape is the dominant factor, and the tape is moving in the right direction — that keeps DeGraff constructive.

But RenMac’s market cycle clock is sitting in what has historically been the worst zone for forward S&P 500 returns, and his bubble indicator on semiconductors is still flashing. He also reminded viewers that when an index doubles within a two-year window, there’s a very high probability of a 30%+ correction in the following six months.

S&P 500/Nasdaq

The rest of the week was, frankly, euphoric — April was the best month for the S&P 500 since November 2020, the Nasdaq 100 had its best month since October 2002, and the Nasdaq Composite had its best April on record. We’ve rallied roughly 14% off the late-March lows, driven by the part of the story you actually want driving it: earnings.

Q1 Growth

Q1 EPS growth is tracking at 28.8% versus a 14% expectation — better than a double. Of the 315 S&P names reported, 72% beat top line, 81% beat bottom line, revenue growth at 11.2%, tech earnings growth in the 40s. The hyperscaler CapEx number — roughly $700 billion for the year — was confirmed and extended into 2027.

SOX

SOX printed a fresh all-time high; IGV is now Tom Lee’s top software pick. But the median S&P constituent is still 13% below its 52-week high; chip space monthly moves were parabolic (Intel +114%, Astera +78%, AMD +74%); SPX is sitting ~5.5% above its 50-DMA. Don’t fight the tape. But stay close to the door.

See review of many charts from different segments along with key levels to watch and market direction HERE.

How to Place a Trailing Stop on CannonX
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Cannon Edge — Your Daily Futures Snapshot for May 5th

b30c9fc3 b676 4a06 8d18 2ee36f3b05f3

Daily Levels for May 5th, 2026

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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

or wherever you listen to podcasts!

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S and P 500 Futures Contract

s and p 500 futures contract

S and P 500 Futures Contract


s and p 500 futures contract

s and p 500 futures contract

The S and P 500 futures contract in today’s market

The S and P 500 futures contract remains one of the most actively traded derivatives globally. It provides traders with direct exposure to the broader S&P 500 index, allowing speculation and hedging based on macroeconomic sentiment.

Unlike traditional equities, futures sp instruments trade nearly 24 hours a day. This creates constant price discovery and rapid reaction to global events. Traders rely on these contracts for both short-term execution and long-term positioning.

The S&P 500 itself reflects the health of the U.S. economy. Therefore, movements in the S and P 500 futures contract often precede shifts in equities, making it a leading indicator for institutional and retail participants alike.

Key trends shaping the remainder of the year

Several major forces are expected to influence the trajectory of the S and P 500 futures contract through the rest of 2026. These trends are rooted in macroeconomic policy, global liquidity, and technological transformation in trading.

  1. Interest rate normalization
    • Central banks are expected to maintain a cautious stance
    • Futures sp markets are pricing in fewer aggressive rate cuts
    • Volatility may persist around policy announcements
  2. AI-driven corporate growth
    • The S&P 500 continues to be influenced by mega-cap tech firms
    • Earnings growth tied to artificial intelligence is expanding
    • This creates upward pressure on the S and P 500 futures contract
  3. Geopolitical uncertainty
    • Ongoing global tensions can trigger rapid intraday swings
    • Futures sp traders must account for overnight risk
    • Safe-haven flows can temporarily weaken equities
  4. Liquidity cycles
    • Institutional capital rotation impacts the S&P 500 heavily
    • Futures markets often reflect these flows first
    • Expect periodic sharp moves rather than steady trends

Overall, traders should anticipate a mixed environment. The S and P 500 futures contract may show upward bias, but with sharper corrections compared to earlier years.

Comparison to trends since 2020

To understand where the S and P 500 futures contract is headed, it’s essential to compare current conditions with post-2020 market behavior.

  1. Pandemic-era volatility (2020–2021)
  • Extreme liquidity injections drove rapid rallies
  • Futures sp experienced historic volatility spikes
  • The S&P 500 rebounded faster than expected
  1. Inflation shock cycle (2022)
  • Aggressive rate hikes pressured equities
  • The S and P 500 futures contract saw sustained bearish phases
  • Volatility remained elevated for months
  1. Stabilization and recovery (2023–2024)
  • Markets adjusted to higher rates
  • Futures sp began trending upward again
  • The S&P 500 regained long-term bullish structure
  1. Current cycle (2025–2026)
  • More balanced economic environment
  • Moderate growth combined with selective sector strength
  • The S and P 500 futures contract reflects a maturing bull cycle

Compared to 2020–2022, current trends are less extreme but more nuanced. Traders must rely more on precision rather than broad directional bets.

How a futures broker enhances trading performance

A professional futures broker plays a critical role in maximizing opportunities within the S and P 500 futures contract market. Execution quality, tools, and support can significantly impact profitability.

Key advantages provided by a broker

  • Low latency execution
    • Essential for fast-moving futures sp trades
    • Reduces slippage during volatile conditions
  • Advanced trading platforms
    • Real-time data for the S&P 500
    • Depth of market (DOM) tools for order flow analysis
  • Risk management tools
    • Automated stop-loss features
    • Margin monitoring for the S and P 500 futures contract
  • Market research and insights
    • Broker-provided analysis helps anticipate trends
    • Useful during macroeconomic shifts

Additional broker support includes:

  1. Personalized trade support
  2. Access to global futures exchanges
  3. Competitive commission structures
  4. Education tailored to futures sp strategies

A strong broker transforms trading from reactive to strategic.

Practical examples of broker impact

Consider how broker capabilities directly influence trading outcomes in the S and P 500 futures contract:

  • A day trader using high-speed execution can capitalize on micro-movements in futures sp during Federal Reserve announcements.
  • Access to advanced charting allows identification of S&P 500 support and resistance levels.
  • Risk tools prevent overexposure during volatile sessions.

Without these advantages, traders may struggle to compete in fast-moving markets.

Why Cannon Trading Company stands out globally

Cannon Trading Company has established itself as a leading brokerage for futures traders over decades. Its reputation is built on consistency, innovation, and client-focused service.

Core strengths of Cannon Trading Company

  • Technology leadership
    • Offers platforms tailored for S and P 500 futures contract trading
    • Integrates advanced analytics for futures sp strategies
  • Client-first approach
    • Personalized support for traders at all levels
    • Strong educational resources focused on the S&P 500
  • Regulatory compliance and trust
    • Long-standing presence in the industry
    • Transparent pricing and execution
  • Global accessibility
    • Serves traders worldwide
    • Provides access to major futures markets

Key reasons traders choose Cannon

  1. Decades of industry experience
  2. Reliable execution during high volatility
  3. Competitive commission rates
  4. Strong reputation supported by Trustpilot feedback

Cannon Trading Company aligns its services with the evolving needs of modern traders, particularly those focused on the S and P 500 futures contract.

Strategic outlook for traders

To succeed in the current environment, traders must adapt their approach to the evolving nature of futures sp markets.

  • Focus on shorter timeframes due to increased volatility
  • Monitor macroeconomic indicators affecting the S&P 500
  • Use disciplined risk management strategies

The S and P 500 futures contract offers opportunity, but only for those who combine strategy with the right tools and broker support.

The outlook for the S and P 500 futures contract remains cautiously optimistic. While growth trends persist, volatility and macroeconomic uncertainty will shape market behavior.

Compared to post-2020 extremes, today’s environment demands more precision. Traders must rely on advanced tools, informed decision-making, and strong broker partnerships.

With the right approach, futures sp trading continues to offer significant opportunities tied to the performance of the S&P 500.

FAQ Section

What is the S and P 500 futures contract?

The S and P 500 futures contract is a derivative that tracks the performance of the S&P 500 index, allowing traders to speculate or hedge market movements.

Why are futures sp popular among day traders?

Futures sp offer high liquidity, extended trading hours, and leverage, making them ideal for short-term strategies.

How does the S&P 500 influence futures trading?

The S&P 500 reflects the broader U.S. economy, so its movements directly impact futures pricing and trader sentiment.

What risks are associated with the S and P 500 futures contract?

Risks include leverage exposure, volatility, and overnight market movements that can affect futures sp positions.

How can a broker improve trading results?

A broker provides execution speed, tools, and risk management features that enhance performance when trading the S&P 500.

Why choose Cannon Trading Company?

Cannon Trading Company offers advanced platforms, global access, and decades of experience, making it a strong choice for trading the S and P 500 futures contract.

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

 

NFP & Middle East, First Notice & Last Trading Days for May 2026, Video Trading Tip of the Week, Futures 102 – New, Exciting Tools for Cannon’s Clients! Feeder Cattle Chart & Outlook, Cannon Edge Snapshot, Levels, Reports; Your Important Can’t-Miss Need-To-Knows for Trading Futures the Week of May 4th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1288

  • The Week Ahead – NFP & Middle East

  • First Notice & Last Trading Days for May 2026

  • Video Trading Tip of the Week

  • Futures 102 – New, Exciting Tools for Cannon’s Clients!

  • Feeder Cattle Chart & Outlook

  • Cannon Edge – Your Futures trading Map for the week ahead!

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

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4518.43 4569.87 4621.43 4672.87 4724.43

Silver (SI)

— July. (#SI)

71.53 73.71 75.62 77.80 79.71

Crude Oil (CL)

— June. (#CL)

95.36 98.76 102.71 106.11 110.06

 June Bonds (ZB)

— June. (#ZB)

112 10/32 112 23/32 113 4/32 113 17/32 113 30/32

What Futures Traders Should Watch This Week – NFP, Middle East

By John Thorpe, Senior Broker

nfp

Non-Farm Payrolls (NFP) Friday!

There is an oft heard adage this time of year. “Sell in May and go Away”

This reference to stocks may be outdated to avoid historically lower returns and volatility during the summer, returning in November. While based on long-term data (1945–2026) showing weaker performance in the May–October period, it is considered outdated as stocks often still rise during these months. In the age of AI-driven markets and global investing, this strategy is less relevant. For instance, in the last decade, the May–October period has seen a more robust 7% rise.

Risks of Timing:

Investors who sell in May risk missing out on significant gains, as markets have recorded positive summer returns in 38 of the last 50 years.

Is the smoke clearing in the Mid-East and the markets have a renewed sense of confidence?

The markets are swirling in the uncertainty of a lack of resolution in the attempted unwinding of the Iranian nuclear program.

UAE Exits OPEC May 1st

The United Arab Emirates, effective May 1st, will no longer be an OPEC member. This is important to understand the ramifications for Crude oil and the pressing realignment under foot in the middle east and the world. Here is a fine article discussing some of the ramifications of this decision by the Emiratis. “a long time coming” How to understand the UAE’s decision to leave OPEC

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

Of note next week NFP with a few key economic data points to watch. Earnings this week continues, setting up for a very interesting picture for our stock indices. Plan your trade and trade your plan!

Earnings Next Week:

·        Mon. Berkshire Hathaway, Palantir, Diamondback Energy, Tyson Foods

·        Tue. HSBC Holdings, Advanced Micro Devices, Pfizer, Duke Energy, KKR

·        Wed. Disney, Uber, Marriott, CVS, Doordash, Johnson Controls

·        Thu. McDonalds, Gilead Sciences, Monster Bev, AirBnB, Motorola

·        Fri.   Quiet

FED SPEECHES: (all times CDT)

·        Mon.  11:50 am Williams

·        Tues.   11:30 am Barr

·        Wed. 12:00 Goolsbee, 12:30 pm Hammack

·        Thu.  2:30 Williams

·        Fri.   4:45 am Cook, 6:30 pm Bowman, Daly, Goolsbee and Waller

Econ Data:

·        Mon. Building Permits,

·        Tue.  Balance of Trade, Redbook, ISM Services. PMI, JOLTS, New home sales

·        ADP Weekly, API Crude Stock Change

·        Wed. ADP Employment Change, Treasury Refunding, EIA Crude stocks

·        Thu.   Initial Jobless claims, Used Car, Construction spending, Nat Gas Stocks, consumer credit change

·        Fri. NON-FARM PAYROLLS, Michigan consumer sentiment, Baker Hughs Oil Rig Count

FN & LT for May – First Notice & Last Trading Days

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Add price confirmation workflow for signal-based intraday trading – watch video below

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Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that (100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

From the morning calls at Goldman Sachs and JPMorgan, to the independent macro voices moving markets, to the reporters who break desk leaks first — it’s all here, every day, in plain language.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing HERE and make sure to Bookmark this page!

August Feeder Cattle

August feeder cattle are challenging the April high and threatening to resume the rally. New sustained highs would project a run to the second upside PriceCount objective to the 386.62 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.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & Much more!

Highly recommended for HEDGERS!

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Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for May 4th 2026

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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

  • Current price and daily % change

  • 30‑day and 52‑week highs/lows

  • PROPRIETARY Short‑term and long‑term trend signals

  • Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

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

Daily Levels for May 4th, 2026

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Would you like to receive daily support & resistance levels?

Trading Reports for Next Week

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

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

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or wherever you listen to podcasts!

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