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.

Add price confirmation workflow for signal-based intraday trading WITH VIDEO PLUS: June Crude Oil, CannonEdge Snapshot, Pre-Market Briefing WITH PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 1st, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4504.90 4567.00 4612.90 4675.00 4720.90

Silver (SI)

— July. (#SI)

70.64 72.39 73.39 75.14 76.14

Crude Oil (CL)

— June. (#CL)

99.00 102.26 106.59 109.85 114.18

 June Bonds (ZB)

— June. (#ZB)

112 2/32 112 16/32 112 26/32 113 8/32 113 18/32

Add price confirmation workflow for signal-based intraday trading

intraday trading

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 Crude Oil

June Crude Oil has resumed its rally into a new high. If the chart can sustain further strength, the low percentage fourth upside PriceCount objective would project a possible run to the $121 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 1st

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Daily Levels for May 1st, 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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Day Trading Futures on the Last Trading Day of the Month PLUS: Pre-Market Briefing REPORT & PODCAST, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows Before Trading Futures on April 30th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4468.63 4517.17 4570.73 4619.27 4672.83

Silver (SI)

— July. (#SI)

69.48 70.77 72.60 73.88 75.71

Crude Oil (CL)

— June. (#CL)

94.89 101.42 104.96 111.49 115.03

 June Bonds (ZB)

— June. (#ZB)

111 27/32 112 9/32 113 113 14/32 114 5/32

Day Trading Futures on the Last Trading Day of the Month

day trading

The final trading day of the month often brings non‑typical price action as institutional players rebalance portfolios, roll contracts, and manage exposure. For day traders, that means adapting expectations and tightening execution.

What to keep in mind:

  • Order flow can be irregular. Month‑end moves are often flow‑driven, not technical, leading to sharp spikes and sudden reversals.
    • Let price action confirm before committing size.

  • Volatility tends to rise late. The final hour can be more active than usual, especially in equity index and rate futures.
    • Stay alert into the close.

  • Key levels matter—but not always cleanly.
    • Prior highs/lows and VWAPs often act as magnets or pivot zones rather than straightforward breakout points.

  • Watch for false breakouts. Stops are frequently run around obvious levels, only for price to snap back.
    • Confirmation matters more than speed.

  • Mind liquidity and sizing. Contract volume can shift around month‑end.
    • Trade the most liquid contract and consider scaling down.

Bottom line: The last day of the month rewards patience, flexibility, and strong risk control.

Trade what you see, not what you expect—and remember that sitting out is also a position.

day trading

Cannon Edge — Your Daily Futures Snapshot for April 30th

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Daily Levels for April 30th, 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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Corn Futures Contract

corn futures contract

Corn Futures Contract


corn futures contract

corn futures contract

The Corn Futures Contract in Global Markets

The corn futures contract is one of the most actively traded agricultural derivatives on the CME. It allows traders, producers, and institutions to hedge price risk or speculate on corn price movements.

Corn is a globally traded commodity with pricing sensitivity to weather, supply chains, and geopolitical disruptions. Because of this, the corn futures contract often reacts quickly to macroeconomic and geopolitical shocks.

Key characteristics include:

  • Standardized contract sizes and delivery months
  • High liquidity compared to other agricultural futures
  • Strong correlation to energy and transportation costs

For traders, understanding the external forces shaping corn pricing is critical to making informed decisions.

How the Iran Conflict Has Impacted the Corn Futures Contract

The ongoing conflict in Iran has introduced several layers of volatility into global commodity markets. While Iran is not a major corn producer, its geopolitical influence affects energy, shipping, and global trade flows.

  1. Energy Market Disruptions

Oil price volatility has been one of the most immediate consequences.

  • Higher oil prices increase fertilizer production costs
  • Transportation expenses for grain exports rise
  • Ethanol demand fluctuates with gasoline prices

Because corn is heavily tied to ethanol production, shifts in energy markets directly impact the corn futures contract.

  1. Shipping and Supply Chain Risk

The Strait of Hormuz remains a critical chokepoint.

  • Insurance premiums for shipping have increased
  • Freight costs have risen for bulk commodities
  • Delivery timelines have become less predictable

This uncertainty creates price premiums in agricultural futures, including the corn futures contract, as traders hedge against logistical disruptions.

  1. Currency and Inflation Effects

Geopolitical tension often strengthens the U.S. dollar.

  • A stronger dollar makes U.S. corn exports more expensive
  • Emerging market demand may weaken
  • Inflationary pressures increase input costs

These dynamics can suppress or amplify price movements in the corn futures contract depending on broader macro conditions.

How Traders Interpret the Conflict When Trading Corn Futures

Professional traders incorporate geopolitical analysis into their strategies. The Iran conflict has become a recurring variable in market modeling.

Key trading considerations include:

  1. Volatility Spikes
    • Traders anticipate sudden price swings
    • Options strategies become more attractive
  2. Correlation With Crude Oil
    • Monitoring crude oil futures is essential
    • Ethanol margins influence corn demand
  3. Seasonal Adjustments
    • Planting and harvest cycles still dominate
    • Geopolitical risk overlays seasonal trends
  4. Risk Management
    • Tighter stop-loss strategies are used
    • Position sizing becomes more conservative

Traders who ignore geopolitical factors often misprice risk. The corn futures contract has become increasingly sensitive to global conflict signals.

Trading Strategies in a Geopolitically Driven Market

To adapt to current conditions, traders are using a mix of traditional and advanced strategies.

Popular approaches include:

  • Spread trading between different contract months
  • Hedging with correlated commodities like wheat
  • Using options to limit downside exposure

Tactical adjustments:

  • Monitor Middle East developments daily
  • Track shipping rates and fuel costs
  • Watch USDA reports alongside geopolitical news

These methods help traders stay agile in a market shaped by both fundamentals and global tensions.

Trends for the Corn Futures Contract in H2 2026

Looking ahead to the second half of 2026, several trends are emerging that could shape the corn futures contract.

  1. Continued Volatility

Geopolitical instability is unlikely to resolve quickly.

  • Persistent uncertainty keeps volatility elevated
  • Price spikes may occur around key conflict events
  1. Strong Demand from Biofuels

Ethanol demand remains a major driver.

  • Energy diversification policies support corn usage
  • Higher oil prices reinforce ethanol competitiveness
  1. Climate and Weather Risks

Weather remains the dominant long-term factor.

  • Drought conditions in key U.S. regions could tighten supply
  • Extreme weather events may increase unpredictability
  1. Global Trade Realignment

Trade routes and partnerships are shifting.

  • Countries may diversify grain suppliers
  • U.S. exports could face both opportunities and challenges

Overall, the corn futures contract is expected to remain highly responsive to both geopolitical and environmental factors.

Why Cannon Trading Company Stands Out for Futures Traders

Cannon Trading Company has built a strong reputation over decades as a leading brokerage for futures traders.

Key advantages include:

  1. Advanced Trading Platforms
    • Access to industry-leading platforms like CQG
    • Real-time data and analytics tools
  2. Competitive Pricing
    • Transparent commission structures
    • Cost-efficient execution for active traders
  3. Global Market Access
    • Direct connectivity to major futures exchanges
    • Support for international traders
  4. Personalized Support
    • Experienced brokers provide guidance
    • Tailored solutions for different trading styles

Additional strengths:

  • Strong Trustpilot reputation
  • Long-standing industry credibility
  • Focus on both beginner and advanced traders

For day trading the corn futures contract, execution speed and reliability are critical. Cannon Trading Company consistently delivers in both areas.

Why Day Traders Prefer Cannon Trading Company

Day traders require precision, speed, and flexibility.

Cannon Trading Company offers:

  • Low latency order execution
  • Customizable trading interfaces
  • Risk management tools integrated into platforms

Benefits for active traders:

  • Ability to react quickly to geopolitical news
  • Efficient scaling of positions
  • Access to educational resources

These features make it easier to navigate volatile markets like the corn futures contract during periods of geopolitical tension.

Integrating Geopolitical Awareness Into Trading Plans

To succeed in 2026, traders must combine traditional analysis with geopolitical awareness.

Practical steps include:

  • Following energy market trends daily
  • Monitoring Middle East developments
  • Adjusting strategies based on volatility

Risk mitigation techniques:

  • Diversify across commodities
  • Use options for protection
  • Maintain disciplined stop-loss levels

The corn futures contract is no longer driven solely by supply and demand. Global conflict has become a key variable.

The Evolving Landscape of Corn Futures Trading

The corn futures contract has entered a new era of complexity. The Iran conflict has introduced persistent volatility through energy markets, supply chains, and currency dynamics.

Traders must adapt by integrating geopolitical analysis into their strategies. Those who do can capitalize on opportunities created by market dislocations.

Looking into H2 2026, volatility, biofuel demand, and climate risks will shape price movements. The corn futures contract will remain a critical instrument for both hedging and speculation.

With its advanced tools, global reach, and decades of experience, Cannon Trading Company continues to be a top choice for traders navigating these dynamic conditions.

FAQ Section

What is a corn futures contract?

A corn futures contract is a standardized agreement traded on the CME to buy or sell corn at a predetermined price and date.

How does the Iran conflict affect corn prices?

It impacts energy costs, shipping logistics, and global trade, all of which influence corn pricing and volatility.

Why is oil important for corn futures?

Corn is used in ethanol production, so oil price movements directly affect demand and pricing.

What strategies work best in volatile markets?

Options trading, spread strategies, and tight risk management are commonly used.

Why choose Cannon Trading Company?

They offer advanced platforms, competitive pricing, global access, and strong customer support.

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

Trading (or not on FOMC days) PLUS: Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on April 29th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4642.40 4668.20 4707.00 4732.80 4771.60

Silver (SI)

— May. (#SI)

74.08 75.02 76.06 77.01 78.05

Crude Oil (CL)

— June. (#CL)

93.14 94.77 96.22 97.85 99.30

 June Bonds (ZB)

— June. (#ZB)

113 7/32 113 15/32 113 24/32 114 114 9/32

Trading (or not on FOMC days)

trading

On FOMC days, futures day traders should think less about predicting the announcement and more about protecting their capital and emotional bandwidth. Liquidity often thins out ahead of the release, which means even “normal” setups can behave erratically, so it’s usually wise to reduce size, avoid initiating new positions right before the statement, and stay away from revenge trades if the first move fakes you out.

The real edge comes from preparation: mark key levels, know your max loss for the day, and be ready for spreads to widen and volatility to spike. After the announcement, let the first wave of algorithmic whipsaws pass before stepping in — patience often pays more than bravado.

And above all, don’t treat FOMC like a lottery ticket; treat it like a risk event that rewards discipline, not prediction.

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Cannon Edge — Your Daily Futures Snapshot for April 29th

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Daily Levels for April 29th, 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, How to Place a Trading Stop on CannonX VIDEO, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows For Trading Futures on April 28th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4642.40 4668.20 4707.00 4732.80 4771.60

Silver (SI)

— May. (#SI)

74.08 75.02 76.06 77.01 78.05

Crude Oil (CL)

— June. (#CL)

93.14 94.77 96.22 97.85 99.30

 June Bonds (ZB)

— June. (#ZB)

113 7/32 113 15/32 113 24/32 114 114 9/32

Technical Analysis Weekly Market Update

market

By Eli Levy, Senior Analyst

Trend is up. Earnings are good. Breadth is improving. The technicals are clean. The Fed is on hold. And yet I keep coming back to the same point I made last week: chasing all-time highs with this much event risk on the calendar is not for the faint of heart. The setup is constructive — I am not arguing with it — but the path of least resistance for at least one of these next-week events is a sharp, headline-driven reversal.

The market has been forgiving lately; that does not mean it always will be.

If you are long, ride the trend, but keep your stops where they belong and do not let a winning week become a losing month by sizing up into earnings. If you are flat, your edge this week is patience — let the FOMC and the hyperscalers print, then pick your spot.

If you are short, you have been wrong for four weeks and now the chart is wrong too. Perhaps reassess.

Volatility is still the trade of 2026.

That has not changed. What has changed is that we are now grinding higher inside that volatility regime instead of selling off. Respect the tape.

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 April 28th

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Daily Levels for April 28th, 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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Silver Earnings NEXT WEEK PLUS: June Natural Gas, CannonEdge Snapshot, Futures 102, Levels, Reports and MORE! Your 6 + Important Can’t-Miss Need-To-Knows for Trading Futures the Week of April 27th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1287

  • The Week Ahead – Big Earnings, FOMC and Hormuz…

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

  • Natural Gas 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)

4632.70 4678.10 4714.60 4763.00 4802.50

Silver (SI)

— May. (#SI)

72.65 74.27 75.47 77.09 78.29

Crude Oil (CL)

— June. (#CL)

90.16 92.80 95.33 97.97 100.50

 June Bonds (ZB)

— June. (#ZB)

113 4/32 113 20/32 113 29/32 114 13/32 114 22/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

silver

Earnings alert! Wednesday April 29th

Amazon, Microsoft, Alphabet and Meta report after the close.

Together, these four represent over 14% of the S&P 500 index’s total market-weighted capitalization and as of early 2026, Microsoft, Amazon, Alphabet, and Meta constitute a significant portion of the Nasdaq-100, generally totaling over 20% combined.

Call your broker about straddles on Monday! On top of the above? Chairman Powell’s last call at the FED as chair prior to the earnings releases Wednesday. The market has already discounted, “rates remain the same” in a .0350-.0375 range.

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

The Cease fire ended on Tuesday, the markets are swirling in the uncertainty of a lack of resolution to the conflict. A meet and greet in Islamabad may set the tone for next weeks market action.

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. The IRAN War continues in spite of the tenuous cease fire as the war premiums that had been built into Equities, Bonds, Metals and the Energy complex, have been drastically discounted as of two week’s ago. , Crude creeps higher and Equities shrugged last week.

Well, the CME did it, they finally did it after three months of consistently raising margin rates in the precious metals, they are finally coming down. Although still high for the legacy contracts, $36375 for 100 oz Gold and $58567 for 5000 oz

Silver:

call your broker and ask to trade the smaller sized contracts if you would like to jump in. If you are an investor who sees the new rates as an opportunity to jump in, give us a call!

Of note next week FOMC meeting, Heavy, and may I reiterate, heavy earnings with a few key economic data points to watch. Earnings this week will be impactful as 5 of mag seven stocks report setting up for a very interesting picture for our stock indices.

Plan your trade and trade your plan!

Earnings Next Week:

· Mon. Verizon, Public Storage

· Tue. Visa, Coca-Cola, T-Mobile, S&P Global, Starbucks, General Motores, UPS

· Wed. Microsoft, Amazon, Alphabet, Meta, ADP General Dynamics

· Thu. Apple, Eli Lilly, Mastercard, Caterpillar, Merck, Amgen

· Fri. Exxon Mobil, Chevron, Colgate-Palmolive, CBOE

FED SPEECHES: (all times CDT)

· Mon. Quiet

· Tues. Quiet

· Wed. 1pm Fed Rate , 1:30pm Powell speech and with Q&A

· Thu. Quiet

· Fri. Period, Pre Fed Rate decision April 29th

Econ Data:

· Mon. Dallas Fed.

· Tue. ADP Weekly, Redbook, Case-Shiller Home , CB consumer confidence API Crude Stock Change

· Wed. Durable goods, Housing starts, EIA Crude stocks, Rate Decision, Presser

· Thu. PCE,GDP, Initial Jobless claims, Chgo PMI, Nat Gas Stocks

· Fri. ISM Manufacturing, Baker Hughs Oil Rig Count

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!

June Natural Gas

June Natural Gas is extending its break into a new low where the chart is taking aim at the first downside PriceCount objective to the 2.50 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 April 27th 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 April 27th, 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:

www.mrci.com

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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

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commodity Futures

commodity futures

Commodity Futures


commodity futures

commodity futures

Commodity Futures and Their Role in Global Markets

Commodity futures are standardized contracts that obligate the buyer or seller to transact a specific quantity of a physical commodity at a predetermined price on a future date. These commodities include energy products, metals, and agricultural goods traded on regulated exchanges like CME Group.

The purpose of commodity futures is twofold: risk management and speculation. Producers hedge against price volatility, while traders seek profit from price movements. This dual function makes these markets highly liquid and essential to global economic stability.

Unlike spot markets, commodity futures allow participants to lock in prices ahead of time. This is especially important in industries sensitive to supply shocks or geopolitical events.

Key characteristics include:

  • Standardized contract sizes and expiration dates
  • Margin requirements instead of full capital payment
  • Centralized clearing through exchanges

These elements reduce counterparty risk and create transparency, making commodity futures accessible to both institutional and retail participants.

How Commodity Futures Contracts Are Bought and Sold

Trading commodity futures involves entering into contracts via brokers connected to exchanges. The process is more structured than traditional stock trading, with specific mechanics that govern order execution and settlement.

The Buying and Selling Process

  1. A trader opens an account with a futures broker
  2. Funds are deposited to meet initial margin requirements
  3. Orders are placed via a trading platform
  4. Trades are matched on the exchange
  5. Positions are monitored and either closed or held to expiration

Traders rarely hold contracts to delivery. Instead, they offset positions before expiration to realize gains or losses.

Order Types Commonly Used

  • Market orders for immediate execution
  • Limit orders to control entry price
  • Stop orders to manage risk

Leverage is a defining feature. A small margin deposit controls a large contract value. While this amplifies gains, it also increases risk, requiring disciplined risk management.

Margin calls occur when account equity falls below maintenance levels. Traders must deposit additional funds or liquidate positions.

Complexities Within Commodity Futures Trading

The commodity futures market is influenced by a wide range of variables. Understanding these complexities is critical for success.

Market Drivers

  • Supply and demand imbalances
  • Weather patterns affecting agriculture
  • Geopolitical tensions impacting energy
  • Currency fluctuations influencing global trade

Each factor contributes to volatility. Traders must analyze both technical charts and fundamental data.

Types of Market Participants

  • Hedgers: Producers and consumers managing price risk
  • Speculators: Traders seeking profit from price changes
  • Arbitrageurs: Exploiting price differences across markets

These participants create a dynamic ecosystem where price discovery occurs continuously.

Challenges Traders Face

  • Rapid price swings
  • High leverage risks
  • Complex contract specifications

Navigating these challenges requires advanced tools, reliable execution, and strong broker support.

How CannonX Enhances Commodity Futures Trading

CannonX, developed by Cannon Trading Company, is designed to streamline and optimize commodity futures trading for both brokers and traders. It integrates advanced technology with user-focused functionality.

Key Features of CannonX

  • Real-time market data integration
  • Advanced charting tools
  • Seamless order execution
  • Risk management analytics

These features allow traders to make informed decisions quickly. Speed and accuracy are critical in volatile markets.

Benefits for Traders

  • Intuitive interface for efficient navigation
  • Customizable trading strategies
  • Access to multiple exchanges

Traders using CannonX can react faster to market changes. This agility is essential when trading commodity futures.

Benefits for Brokers

  • Scalable infrastructure
  • Compliance-ready systems
  • Client management tools

Brokers benefit from improved operational efficiency. CannonX reduces friction in trade execution and reporting.

Practical Example

A trader analyzing crude oil contracts can use CannonX to:

  • Monitor real-time price movements
  • Execute trades instantly
  • Set automated stop-loss orders

This integration of tools enhances both precision and control.

Why Cannon Trading Company Stands Out Globally

Cannon Trading Company has built a reputation as a leading futures brokerage over decades. Its longevity is rooted in expertise, transparency, and client-focused service.

Core Strengths

  • Decades of industry experience
  • Direct market access technology
  • Strong regulatory compliance

These factors position Cannon Trading Company as a trusted partner for traders worldwide.

Competitive Advantages

  1. Personalized customer support
  2. Access to top-tier trading platforms
  3. Competitive commission structures

The company’s approach combines technology with human expertise. This balance is crucial in the complex world of commodity futures.

Global Reach

Cannon Trading Company serves clients across multiple regions. Its infrastructure supports international trading, enabling access to diverse markets.

Trust and Reliability

Platforms and services are aligned with industry standards set by CME Group. This ensures credibility and operational integrity.

Client feedback on platforms like Trustpilot reflects consistent satisfaction with service quality and execution reliability.

The Future of Commodity Futures Trading

The evolution of commodity futures continues to be driven by technology and market innovation. Platforms like CannonX are at the forefront of this transformation.

Emerging Trends

  • Algorithmic trading adoption
  • AI-driven market analysis
  • Increased retail participation

These trends are reshaping how traders interact with markets.

Opportunities for Traders

  • Enhanced data accessibility
  • Faster execution speeds
  • Broader market exposure

However, success still depends on discipline, strategy, and proper risk management.

Key Takeaways

  • Commodity futures remain essential for hedging and speculation
  • Technology plays a critical role in modern trading
  • Choosing the right broker is vital for long-term success

Cannon Trading Company continues to adapt to these changes, ensuring clients remain competitive in evolving markets.

FAQ: Commodity Futures Trading

What are commodity futures used for?
They are used for hedging price risk and speculating on future price movements of physical commodities.

Do traders take delivery of commodities?
Most traders close positions before expiration. Physical delivery is rare among retail participants.

How much capital is needed to trade?
Only a margin deposit is required, which is a fraction of the contract value.

What makes CannonX different from other platforms?
It combines advanced analytics, real-time data, and seamless execution tailored for commodity futures trading.

Is commodity futures trading risky?
Yes, due to leverage and volatility. Proper risk management is essential.

Why choose Cannon Trading Company?
Its decades of experience, reliable technology, and strong customer support make it a top choice globally.

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

 

Supply Disruption in Oil Causes Backwardation in Markets PLUS: July KC Wheat, NEW PODCAST and DAILY BRIEFIING, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on April 24th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4702.90 4730.40 4760.60 4788.10 4818.30

Silver (SI)

— May. (#SI)

75.66 76.71 77.67 78.73 79.69

Crude Oil (CL)

— June. (#CL)

85.21 88.86 91.30 94.95 97.39

 June Bonds (ZB)

— June. (#ZB)

113 18/32 113 25/32 114 7/32 114 14/32 114 28/32

Supply Disruption in Oil, Market in Backwardation

By Erik Norland Chief Economist, CME Group
oil

  • Crude oil prices are in a steep backwardation amid the Middle East conflict.

  • WTI Oil for December delivery was as much as $40/barrel lower than May and June contracts.

  • Since 1985, the oil market has been in backwardation 58% of the time and in contango 42% of the time.

  • Backwardation tends to happen in situations where the oil market is undersupplied.

➜ ➜ Read article

crude oil
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July KC Wheat

July KC Wheat has resumed its rally into a new high for the move as it challenges the 2025 high. At this point, if the chart can sustain new highs, we are left with the low percentage fourth PriceCount objective to aim for in the 7.51 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 April 24th

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Daily Levels for April 24th, 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

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Check out our Daily Briefing via EMAIL or PODCAST EVERY BUSINESS DAY PLUS: June Mini Dow, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on April 23rd, 2026

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Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4702.90 4730.40 4760.60 4788.10 4818.30

Silver (SI)

— May. (#SI)

75.66 76.71 77.67 78.73 79.69

Crude Oil (CL)

— June. (#CL)

85.21 88.86 91.30 94.95 97.39

 June Bonds (ZB)

— June. (#ZB)

113 18/32 113 25/32 114 7/32 114 14/32 114 28/32

Check out the daily brief every morning before you start trading!

Read it or listen to it on the go!

Click here to view ( or hear ) the latest brief

daily

June Mini Dow

The June Mini Dow satisfied its second upside PriceCount objective where we are seeing some short-term consolidation. At this point, any further strength will have to contend with overhead at the contract high while a breakout into new sustained highs would project a possible run to the third count to the 52083 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 April 23rd

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Daily Levels for April 23rd, 2026

c9fe4b55 48a3 4726 a072 f7ff3396b6fa

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

d57447f5 57d9 440b 88ba 16cf43eb07d2

Find us on Trustpilot

603cd3d5 1e3c 4435 85b1 f25c3ed5936e

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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Selling Options in Times of Extreme Volatility PLUS: July Bean Oil, CannonEdge Snapshot, Pre-Market Briefing NEW DAILY PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on April 22nd, 2026

9dc1e02e d5f7 4ff4 abf7 1df60775f196
Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4576.97 4637.13 4745.97 4806.13 4914.97

Silver (SI)

— May. (#SI)

72.36 74.02 77.20 78.87 82.05

Crude Oil (CL)

— June. (#CL)

83.08 87.38 89.81 94.11 96.54

 June Bonds (ZB)

— June. (#ZB)

113 5/32 113 18/32 114 6/32 114 19/32 115 7/32

Selling Options in Times of Extreme Volatility

options

In periods of extreme volatility, option sellers often enjoy unusually rich premiums — but those same conditions can turn a routine credit trade into a landmine if the market overshoots. That’s why disciplined premium sellers treat protection not as a cost, but as insurance.

Buying a cheap out‑of‑the‑money “disaster wing” or long‑dated hedge can dramatically reduce tail risk while still preserving most of the credit collected. In fast markets, the goal isn’t to squeeze every last tick of premium; it’s to stay in the game.

A small debit for protection can turn a potentially catastrophic move into a manageable one, allowing traders to keep selling premium consistently rather than recovering from a blow‑up.

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July Bean Oil

July SoyBean Oil resumed its rally and established a fresh contract high. This has the chart taking aim at its third upside PriceCount objective to the 72.25 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. IF there were to be another leg up to this bull move, it would be significant as the low percentage fourth count would project a run to a new all-time high over 97 cents (current record high was 91.40 from 2022).

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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 April 22nd

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Daily Levels for April 22nd, 2026

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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

4511d800 20b1 4f54 8273 52a69eeca043

Find us on Trustpilot

603cd3d5 1e3c 4435 85b1 f25c3ed5936e

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!

S
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