Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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FOMC Tomorrow PLUS: Lunar New Year Notice, Dual Dissent Comparison, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 18th, 2026

Posted on February 17, 2026 by Cannon Operations

FOMC Approaching!

Lunar New Year Holiday Notice – Hong Kong & China

Please note that February 17–19 is a public holiday in Hong Kong and China in observance of the Lunar New Year.

We wish all our traders across the Far East a Happy Lunar New Year and a prosperous year ahead.

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4721.33	4808.67	4951.53	5028.87	5161.73
Silver (SI) — Mar. (#SI)	67.88	70.55	74.49	77.16	81.09
Crude Oil (CL) — Mar. (#CL)	60.43	61.31	62.63	63.51	64.83
Mar. Bonds (ZB) — Mar. (#ZB)	117 9/32	117 19/32	118	118 10/32	118 23/32

FOMC Minutes Ahead!

By John Thorpe, Senior Broker

fomc

Tomorrow marks the first time this year investors receive the fed minutes from the January 26-27 meeting. Additional volatility could be the order of the final hours of trading tomorrow as these minutes included 2 dissenting opinions.

Based on FOMC press releases, the eight FOMC meetings in 2025 saw significant divisions, with nine total dissents among 95 votes cast, making unanimous decisions relatively rare. Dissenting votes occurred in multiple 2025 meetings, including two at the July meeting and two at the October meeting, reflecting high disagreement.

In July 2025, a rare dual dissent occurred with two governors opposing a rate decision.

It had been more than three decades since two Federal Reserve Board governors dissented on an interest-rate decision at the same Fed policy meeting for the same reason, two dissenters Bowman and Waller both supported a rate cut (October had 1 governor wanting a .50 point cut while the other dissenter opted for a remail policy what actually happened was a .25 point cut.) Investors treated this news with disappointment generating a nearly 400-point 3-week slide in the S&P 500 index.

That kind of internal division is rare, and markets pay attention to it.

Investors are watching for discussions on inflation, the labor market, and the “one-time” effect of tariffs, which may influence future policy decisions.

According to Mark Spitznagel, Founder and Chief investment officer at Universa Investments,

“The upward momentum in US Equities is likely to persist”

He suggested in an interview that investor exuberance could propel the S&P 500 to 8,000 or beyond before a sharp reversal occurs. As of Tuesday morning, the index was trading close to 6,800.

The Fed Minutes will be released @ 1:00pm CST.

He expressed concern that if the Fed keeps Interest Rates elevated for an extended period, companies may find it difficult to secure funding.

“With the Fed holding steady, markets are likely to anticipate further rate cuts as economic conditions gradually weaken”

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

Daily Levels for February 18th, 2026

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

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Find us on Trustpilot

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

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Weekly Market Update PLUS: New Crypto Contracts, CannonEdge, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on Tuesday, February 17th, 2026

Posted on February 16, 2026 by Cannon Operations

Weekly Market Update

By Eli Gal Levy, Series 3 Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4929.90	4970.40	5022.40	5062.90	5114.90
Silver (SI) — Mar. (#SI)	72.65	74.57	76.50	78.42	80.35
Crude Oil (CL) — Mar. (#CL)	61.89	62.76	63.23	64.10	64.57
Mar. Bonds (ZB) — Mar. (#ZB)	117 12/32	117 22/32	118	118 10/32	118 20/32

Weekly Market Update

market

The good the bad and the ugly; this market as of late feels like a western movie. Maybe we’re just so used to the market going up. Where will the next catalyst for this market come from? The price action is pointing to consolidation phase. Leadership has flipped to other areas such as energy, staples, materials. There is too much volatility as of late. NDX broke below its upward sloping trendline from December lows. Everything I am reading, hearing and seeing is causing me to turn more cautious on this market.

???

How can the market go higher without tech? Did anyone see that financials (XLF) stalled as well. We’ve had 3 notable pullbacks this year so far in the S&P500 and they all stopped and found support around 6800 on the SPX. So right now, it’s a 3% pullback around the 100 Day Moving Average. And then the buyers come in. That is the key number I am looking at if that support breaks, Houston we have an alert. It seems the market is lucky to avert danger; there was a chance that the jobs report and CPI could go in the wrong direction and start painting a stagflation picture. Is AI recking tech so bad that its bad for the market? David Einhorn from greenlight capital was quoted saying “I think this is the most expensive market we’ve been in”.

DOW

DOW 50,000: an underlying assumption in both the bond and stock markets has been that the Fed would resume cutting rates after Jerome Powell steps down when his term as chair ends in May and is replaced by Kevin Warsh, who has endorsed rate cuts. The chair has just one vote out of 12 on the Federal Open Market Committee. If the anticipated rate-cut scenario doesn’t play out, and the AI hits keep on coming, the Dow 50,000 print may be the peak for a while.

RSP

RSP which is the equal weight S&P500 has been the leading ETF this year as opposed to the S&P. the Industrials sector is 16% of the RSP and Industrials have been going up. Over the last 10 years the CapEx companies have been cap light, high margins, and solid recuring revenues. Are now becoming CapEx very heavy, more debt and lower margins. The market is in a digestive stage of how do we value these stocks going forward. While we do see this economic expansion which is in the center of what RSP gives you such as Industrials. I keep hearing that valuations are too high.

Earnings

And perhaps we should have a new valuation paradigm? I would hold off on the latter until proven to be correct. Earnings have outperformed by 5% for 10 straight quarters. We’ve come to expect that from earnings season. Speaking of CapEx raises in spending by the mega cap companies, they were substantial. Shouldn’t that spending lift the SMH sector, I only saw the memory chips going up and that’s a disconnect to keep an eye out for.

Investors Intelligence’s tally of opinions showed bulls topping bears by 40 percentage points, a reading in the 90 percentiles of positivity, according to Jeff deGraaf, founder and chairman of Renaissance Macro Research. That elevated sentiment suggested at least some near-term caution, he wrote in a client note on Thursday morning. Traders should be patient, buying dips instead of chasing strength, he wrote.

“If tech cannot get an AI-driven valuation premium, one must wonder if any sector can earn its way into a better multiple in the next few years,” Colas writes.

Retail sales were a bad miss. And stocks continue to go up because of a K shape recovery, UBS says we believe the backdrop remains favorable; driven by resilient economic growth, supportive federal reserve policy and AI investment and adoption. Earnings are getting revised higher and that may be a reason markets are maintaining the gains of past days. Transport and Industrial are confirming just that and that’s where momentum has been. CSX which is in railways is at a 52-week high that points that the market believes in a growing industrial.

Growth

Earnings growth in the emerging markets in 2025 outpaced the US, US is around 14% emerging markets around 29 %, add to that the declining value of the dollar. The broadening thesis is supported by earnings and it’s not just domestic in the emerging market.

The markets seem to be transitioning in this 4^th year of a bull market from a momentum multiple driven market to an earnings driven market, traditionally and historically over the last 80 years when the S&P moves into more of an earnings driven market, the returns are roughly half that of the momentum driven market. Barclays on Wednesday upgraded value, downgraded momentum and cautions on small caps. Am going to note that small caps finally are seeing on annualized basis positive earnings. And momentum is currently pivoting more towards quality and value.

We don’t have the ability to accurately assess what and how AI is going to be disruptive to certain sectors. This week we saw news that AI is disruptive to software, trucking, commercial real estate. And the market sold these sectors.

YIELDS

The Bond market is relatively calm and that is good for credit availability and the cost of capital not being a moving target. In Treasuries, the benchmark 10-year note yield dropped as low as 4.05% on Friday, down about 23 basis points from a couple of weeks earlier and the lowest level since late October, when it dipped under the 4%

The bullish bond backdrop was further bolstered by economic data, notably a smaller-than-expected rise of 0.2% in the consumer price index for January, the smallest increase since July. That boosted the odds that the Fed would cut interest rates by more than half a percentage point by year end.

I asked ChatGPT what’s the total value of all gold Vs. the US market and she answered Gold-30-40 trillion, US market capitalization 69 trillion.

Weekly Commodities Futures Overview (Week of Feb 9–13, 2026)

Market theme: Mixed performance with energy and some soft commodities under pressure, while precious metals remained relatively firm and grains were broadly stable. Volatility was heightened by macro uncertainty, holiday-thin trading, and positioning adjustments after recent rallies.

Energy Commodities

Crude Oil (WTI & Brent)

WTI crude futures traded around the $62–63/bbl zone into Friday.
Brent crude hovered near $68/bbl by week’s end. The weekly move was modest and flat to slightly down overall, reflecting consolidation after recent geopolitical driven rallies.

Key drivers:

Ongoing geopolitical risk premium (U.S.–Iran talks) keeps prices supported.
But overall direction was sideways with traders booking profits after recent gains.

Natural Gas

Natural gas futures declined over the week, with prices near $3.04/MMBtu around Feb 16 — marking a notable weekly drop.

Summary (Energy):

WTI & Brent: Mild net declines / sideways.
Natural gas: Significant weekly weakness — one of the bigger movers lower on the energy side.

Precious & Industrial Metals

Gold

Gold futures held around the $5,000/oz level into mid-week and finished with relatively modest weekly gains vs. the prior Friday. Prices were still elevated from recent strength earlier in the month.

Silver

Silver underperformed gold with prices near ~$75/the ounce mid-Feb, reflecting a stronger pullback this week.

Platinum & Palladium

Platinum was slightly down; palladium ticked modestly higher, but overall moves were smaller compared with gold and silver.

Industrial Metals (Copper, Aluminum)

Copper futures drifted mildly lower over the week.
Aluminum showed some decline early then modest recovery, finishing the trading week with small net changes.

Summary (Metals):

Gold: modest weekly gains / holding firm.
Silver & Platinum: lower.
Industrial metals: overall soft or mixed with no strong directional trend.

Agricultural Commodities

Grains

Using broad market data:

Wheat futures were higher on the week, supported by topping activity and export dynamics.
Corn futures saw small positive weekly change.

Softs & Others

Commodities like sugar and coffee generally stayed muted with soft to slightly mixed weekly results.

Summary (Agriculture):

Wheat & Corn: modest up moves.
Soft commodities: flat to slightly mixed.

Top Weekly Movers – Commodities Futures

Upside / Outperformers

Gold futures: Held gains and remained resilient around key technical levels.
Wheat & Corn: Modest weekly strength among ag futures.

Downside / Underperformers

Natural gas futures: Among the largest weekly declines in the energy complex.
Silver: Weaker relative to gold.
Crude oil (WTI & Brent): Slightly down or flat through profit-taking and consolidation.

Key Market Drivers Last Week

1. Positioning after big rallies

Positioning shifts in metals and energy have led to profit-taking, particularly in silver and natural gas.

2. Geopolitics & macro data

Talks between the United States and Iran shape energy risk premiums, but haven’t triggered new directional breakouts.

3. Holiday-light trading

Thin volumes around Presidents’ Day and Lunar New Year contributed to choppy price action and sharper short-term moves.

What to Watch Next Week

Geopolitical developments (U.S.–Iran negotiations).
U.S. economic data & Fed expectations — dollar strength/weakness will influence metals and energy.
Weather in North America — especially for natural gas demand forecasts.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions and other financial instruments 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. I am registered solely as a commodities broker. Any references, recommendations & information contained in this article are of opinion only, should not be considered investment advice. And do not guarantee any profits.

Name	Exchange	Class	Exchange Symbol	CQG Symbol	Size
nano XRP	Coinbase	Crypto	XRP	XRP	500 XRP
XRP	Coinbase	Crypto	XRL	XRL	10,000 XRP
nano XRP Perp-Style	Coinbase	Crypto	XPP	XPP	500 XRP
nano Solana	Coinbase	Crypto	SOL	SOL	5 Solana
nano Solana Perp-Style	Coinbase	Crypto	SLP	SLP	5 Solana
Solana	Coinbase	Crypto	SLC	SLC	100 Solana
nano Ether Perp-Style	Coinbase	Crypto	ETP	ETP	0.1 Ethereum
Ether	Coinbase	Crypto	ETI	ETI	10 Ethereum
nano Ether	Coinbase	Crypto	ET	NET	0.1 Ethereum
nano Bitcoin	Coinbase	Crypto	BIT	BIT	0.01 Bitcoin
nano Bitcoin Perp-Style	Coinbase	Crypto	BIP	BIP	0.01 Bitcoin

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

Daily Levels for February 17th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Government Shutdown Looming PLUS: Core PCE, Chicago – KC Wheat Spread, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures this Presidents’ Day Weekend 2026

Posted on February 13, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1278

The Week Ahead – Core PCE, Earnings, Pres. Day Schedule
Futures 101 – Trading Signals AVAILABLE on TradingView!
Cannon Edge – Your Futures trading Map for the week ahead!
Hot Market of the Week – March KC- Chicago Wheat Spread
Broker’s Trading System of the Week – NQ Day Trading System
Trading Levels for Next Week
Trading Reports for Next Week

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4848.17	4951.23	5010.17	5113.23	5172.17
Silver (SI) — Mar. (#SI)	71.13	74.04	76.65	79.56	82.17
Crude Oil (CL) — Mar. (#CL)	61.61	62.21	62.73	63.33	63.85
Mar. Bonds (ZB) — Mar. (#ZB)	116 18/32	117 5/32	117 18/32	118 5/32	118 18/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

shutdown

We may come in Monday with a partial government shutdown for the third time in 5 months.

By the way, Presidents Day Monday the financial markets will only be open for a portion of the day and the Ag markets will be closed. Please see the schedule below for trading hours.

Highlights next week will include FOMC minutes, 7 fed speakers, and 4298 earnings reports (significant earnings listed below as well)

DHS runs out of money Friday night, the 13^th of Feb.

This time around, FEMA, TSA, ICE, CPB the Coast Guard will not be funded as all agencies are part and parcel of the Department of Homeland Security. The same faction that wanted to defund the police want to defund ICE .Probabilities increased for a stalemate as of this writing, Senators are leaving D.C. for the holiday weekend per U.S. News.

What will air travel in the U.S. Look like without paid TSA employees? What will National Security look like without paid CPB or ICE agents. Secret Service employees also fall under DHS. How will the markets react?

It certainly looks like we’ll be seeing quite a bit of action in the markets next week shutdown or not. We have quite a few economic data points in addition to Energy numbers, for the Natural Gas and Crude markets released the same day, Thursday, rather than Wed. and Thursday.

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

Earnings Next Week:

· Mon. Presidents Day Holiday

· Tue. Palo Alto Networks, Cadence Design Systems, Republic Services, Vulcan Materials (construction)

· Wed. Booking Holdings, Analog Devices, DoorDash, Moody’s, Occidental Petrol

· Thu. Walmart, Newmont Mining, Deere and Co., Constellation Energy,

· Fri. Warner Brothers.

FED SPEECHES: (all times CST)

· Mon. Bowman, 7:25 am

· Tues. Barr, 11:45 am

· Wed. Bowman 12 noon

· Thu. Bostic 7:20 am, Bowman 7:30 am, Kashkari 8:00 am

· Fri. Jefferson 11:00 am

Econ Data: (all times CST)

· Mon. Presidents Day Holiday

· Tue. NY Empire MFG Index.,Redbook YoY, NAHB Hsg Mkt Index,

· Wed. ADP emp. Change, Bldg Permits, Housing Starts Durable Goods, Ind. Prod, FED MINUTES

· Thu. Jobless claims, Nat Gas Stocks, and Crude Stocks, Philly Fed, Pending Home Sales

· Fri. Core PCE, GDP, Consumer Sentiment, New Home Sales Baker Hughes Rig count

President’s Day (Mon, Feb 16th) Holiday Trading Schedule:

Interest Rates

Sunday – 5:00 PM CT Open

Monday – 12:00 PM CT Halt

5:00 PM CT Re-Open

Energy

Sunday – 5:00 PM CT Open

Monday – 1:30 PM CT Halt

5:00 PM CT Re-Open

Equities

Sunday – 5:00 PM CT Open

Monday – 12:00 PM CT Halt

5:00 PM CT Re-Open

Grains

Sunday – Closed

Monday – Closed

5:00 PM CT Re-Open

FX

Sunday – 5:00 PM CT Open

Monday – 4:00 PM CT Close

5:00 PM CT Re-Open

Metals

Sunday – 5:00 PM CT Open

Monday – 1.30 PM CT Halt

5:00 PM CT Re-Open

Livestock

Monday – Closed

Tuesday 8:30 AM CT Re-Open

Cryptocurrencies

Sunday – 5:00 PM CT Open

Monday – 4:00 PM CT Close

5:00 PM CT Re-Open

Sugar, Coffee, Cotton, Cocoa, FCOJ

Monday – Closed

Tuesday – Regular Hours

Canola

Monday – Closed

Tuesday – Regular Hours

U.S. Dollar Index

Monday – Regular Hours

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Introducing Cannon Edge — Your Daily Futures Snapshot

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.

Hot Market of the Week

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

Free Trial Available

March KC – Chicago Wheat Spread

The March KC – Chicago wheat spread extended its slide to a new low and satisfied the first downside PriceCount objective. It would be normal for the chart to react from this level in the form of a near term consolidation or corrective trade. If we can sustain further weakness, the second count would project a possible break to the -9 area. A trade below the December reactionary low would formally negate the remaining unmet upside counts.

Learn more spreads and seasonal patterns in commodity futures HERE

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

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

Learn more at www.qtchartoftheday.com

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

Brokers Trading System of the Week

Abacus Raider Xtreme Trading System

System Description

Market Sector: Stock Indexes

Markets Traded: NQ ,

System Type: Day Trading

Suggested Capital: $9,500

Developer Fee per contract: $175.00 Monthly Subscription

System Description:

A day trading system currently traded by the developer who has 15+ years’ experience. It is based on the successful Abacus Raider NQ system but expanded significantly to generate an average of 15-25 trades a month. By utilizing negative correlations between positions, a low level of capital requirement is retained but with greatly increased profit potential over time. All trades are strictly limited to a duration of only a few minutes to minimize risk and provide an unparalleled risk/reward profile. The system is available in the NQ market only (no MNQ).

Get Started

Learn More

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

System Trades Disclosure:

System Description

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

Actual Monthly Performance

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

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

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

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

Important Information About this Trading System Analysis

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

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

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

This trading system, like any other, may involve an inappropriate level of risk for prospective investors.

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

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

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only.

All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report. This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein.

CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

Futures Trading Disclaimer:

A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position.

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

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Daily Levels for Feb. 16-17th 2026

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Trading Reports for Next Week

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

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CPI Report Tomorrow PLUS: Silver Down, December Corn, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 13th, 2026

Posted on February 12, 2026 by Cannon Operations

CPI Report Tomorrow!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4764.40	4851.60	4987.20	5074.40	5210.00
Silver (SI) — Mar. (#SI)	67.55	71.23	78.05	81.73	88.56
Crude Oil (CL) — Mar. (#CL)	60.75	61.82	63.46	64.53	66.17
Mar. Bonds (ZB) — Mar. (#ZB)	115 17/32	116 12/32	116 28/32	117 23/32	118 7/32

CPI, Silver, Presidents’ Day

Large moves across the board again today! Silver down $9 ( equivalent to $45,000 per contract….)
CPI report tomorrow will stir up additional volatility
President’s Day holiday is this Monday – Modified Schedule HERE.
Tomorrow is Friday the 13th….

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

Dec. Corn

December Corn is completing its second upside PriceCount objective to the 4.64 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. The chart has layers of additional resistance to contend with but if it can sustain further strength, the third count would project a possible run to the 4.73 area which is consistent with a challenge of the November high.

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Learn more at www.qtchartoftheday.com

Daily Levels for February 13th, 2026

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New 100 Ounce Silver Contract, Weekly Brazilian Real, Levels, Reports; Your 4 Important Can’t-Miss

Posted on February 11, 2026 by Cannon Operations

New 100 Ounce Silver Contract

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4989.33	5050.57	5097.53	5158.77	5205.73
Silver (SI) — Mar. (#SI)	77.92	81.12	83.62	86.83	89.33
Crude Oil (CL) — Mar. (#CL)	63.30	64.14	64.98	65.82	66.66
Mar. Bonds (ZB) — Mar. (#ZB)	115 5/32	115 20/32	116 7/32	116 22/32	117 9/32

Metals – Silver:

The silver market is now more accessible than ever. This week CME Group introduced the 100-Ounce Silver futures contract. That’s 1/50th the size of the main 5,000-oz. silver futures contract. Each 1-cent move is equal to $1 for the contract and the contract moves in 1 cent increments. The current initial / maintenance margin requirements are $1,592 / $1,447.

For a complete rundown of the contract’s specifications, visit the CME Group’s Specifications.

Contact your Cannon Trading Co. broker for your FCM’s scheduled contract availability.

FCMs typically make new products available with restrictions regarding day trading / overnight margins, position limits, contract limits, i.e., front-month-only.

Bottom line: there a new low-cost, manageable futures contract letting you trade a position in silver with less capital.

This contract is now available on our FREE CannonX platform with symbol SICH26. Demo available here.

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

Weekly Brazilian Real

The Weekly Brazilian Real satisfied its first upside PriceCount objective and is consolidating near its high. If the chart can resume its rally with new sustained highs, the second count would project a possible run to the .20440 area.

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Daily Levels for February 12th, 2026

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Upcoming NFP Report (late) and WYNTK PLUS: Employment vs. Household Surveys, March Unleaded Gas, Levels, Reports; Your Important, Can’t-Miss Need-to-Knows for Trading Futures on February 11th, 2026

Posted on February 10, 2026 by Cannon Operations

NFP 102

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4943.73	5021.37	5066.23	5143.87	5188.73
Silver (SI) — Mar. (#SI)	76.11	79.77	81.77	85.43	87.43
Crude Oil (CL) — Mar. (#CL)	61.69	63.03	63.95	62.29	66.21
Mar. Bonds (ZB) — Mar. (#ZB)	114 17/32	115	115 11/32	115 26/32	116 5/32

Non-Farm Payrolls (NFP)

nfp

The following is a crash course on the monthly NFP report (Non-Farm Payroll = Employment Situation) – usually NFP comes out on the first Friday of every month.

Due to the partial govt. shutdown, NFP will be out tomorrow morning at 7:30 AM central (was supposed to be released this past Friday same time)

When NFP is released the following markets, generally, tend to be affected by the most volatility.
Foreign Exchange (Forex) Market: A strong report often strengthens the USD, while a weak report causes it to fall.
Bond Market (Fixed Income): Stronger job growth can lead to higher interest rates (yields) as investors anticipate tighter Fed policy, driving bond prices down. Conversely, weak data often causes investors to move to safe-haven Treasury bonds, lifting prices.
Stock Market (Equities): Markets often react positively to strong growth, but a very strong report can sometimes hurt stocks if it suggests aggressive interest rate hikes. A weak report can cause declines, but it might also trigger a rally if the market expects the Fed to lower interest rates.
Commodity Market (Gold): Gold often reacts inversely to the USD and Treasury yields, acting as a safe haven during economic weakness.

US January Non-Farm Payrolls data will be released Wednesday morning at 7:30 am CT. Economists are forecasting non-farm payrolls +55,000 compared to December’s month’s +50,000. The January jobless rate is expected at 4.4%. Average hourly earnings are expected up +0.3% month over month, up +3.7% year over year.

The Non-Farm Payroll (NFP) report…

Officially called the Employment Situation — is one of the most important monthly U.S. economic indicators. The Bureau of Labor Statistics (BLS) releases it on the first Friday of each month (covering the prior month) at 8:30 a.m. ET. However, due to the partial U.S. Government shutdown, the BLS is releasing the report tomorrow, Feb. 11th

It gets its name from the establishment (payroll) survey, which tracks paid jobs outside of farming. The full report actually combines two separate surveys with different methodologies, strengths, and focuses.

The Two Core Surveys

Main Components of the Report

1. Headline Nonfarm Payroll Employment Change (Establishment Survey)

The most-watched number: Net change in total nonfarm payroll jobs (e.g., +50,000 or -100,000).
Often broken out as:
Total nonfarm
Private nonfarm (excludes government)
Revisions to the prior 1–2 months are very common and can be large (tens or even hundreds of thousands).

2. Industry Sector Breakdown (Establishment Survey)

This is one of the most valuable parts. Table B-1 shows detailed job gains/losses by sector. Major categories include:

Goods-producing: Mining, Construction, Manufacturing
Service-providing: Retail Trade, Wholesale Trade, Transportation & Warehousing, Information, Financial Activities, Professional & Business Services, Education & Health Services (especially Health Care), Leisure & Hospitality (food services & drinking places are big), Other Services
Government (federal, state, local)

Markets watch which sectors are driving the total (e.g., health care and leisure/hospitality often add jobs steadily; manufacturing and retail can be volatile).

3. Wage and Hours Data (Establishment Survey)

Average Hourly Earnings (all private nonfarm employees) — month-over-month and year-over-year % change. This is a key inflation signal.
Average Weekly Hours worked (total private, manufacturing, etc.).
Overtime hours in manufacturing.

Strong wage growth can be hawkish for the Fed (potential rate hikes or delayed cuts).

4. Unemployment Rate and Labor Force Metrics (Household Survey)

Official Unemployment Rate (U-3): Unemployed as a percentage of the labor force.
Labor Force Participation Rate
Employment-Population Ratio
Broader measures (sometimes referenced): U-6 (includes underemployed and discouraged workers)
Demographic details (by age, sex, race/ethnicity)
Part-time for economic reasons, long-term unemployed, discouraged workers

5. Other Notable Elements

Annual benchmark revisions — released once a year (usually February/March data) — can revise the entire previous year significantly.
Birth-Death Model — statistical adjustment for new business formations and closures not yet captured in the sample.

Seasonal adjustment — all headline numbers are seasonally adjusted to remove predictable patterns (holidays, school cycles, weather, etc.).

Quick Summary of What Traders and Economists Focus on Most:

Headline NFP (jobs added/lost)
Unemployment rate
Average hourly earnings (wage growth)
Revisions to prior months
Sector details (where the jobs are coming from)

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

March RBOB (Unleaded Gas)

March Unleaded Gasoline is poised for a challenge of last summer’s high. The original upside PriceCounts off the ‘Liberation Day’ low are still valid. At this point, new sustained highs would project a possible run to the third count to the 2.17 area.

FREE TRIAL AVAILABLE

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Daily Levels for February 11th, 2026

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Economic Reports

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Futures Trading this Week PLUS: May Soybean Oil, New Crypto and Bitcoin Contracts, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on February 10th, 2026

Posted on February 9, 2026February 9, 2026 by Cannon Operations

The Week Ahead for Futures Traders!

By Eli Gal Levy, Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4943.73	5021.37	5066.23	5143.87	5188.73
Silver (SI) — Mar. (#SI)	76.11	79.77	81.77	85.43	87.43
Crude Oil (CL) — Mar. (#CL)	61.69	63.03	63.95	62.29	66.21
Mar. Bonds (ZB) — Mar. (#ZB)	114 17/32	115	115 11/32	115 26/32	116 5/32

Futures Markets: The Week Ahead

futures

Dow, S&P 500 Equal Weight Hit Fresh All-Time Highs, supported by money rotation away from non-tech areas of the market. Selling pressure accelerated, particularly in areas of the market associated with the software industry and cryptocurrency which translates to “risk off”. Money rotated into other areas of the market viewed as relative value/safety play.

Several sectors hit fresh all-time highs this week, such as industrials, materials, energy, and consumer staples, and the S&P Equal Weight index hit a fresh all-time high.

Earnings reports continued to pour in this week, and the eye-popping hikes in capital expenditure *(CapEx) budgets from hyperscalers Google & Amazon generated a lot of buzz this week.

The spending hikes signal confidence in AI, healthy demand, and suggest that the AI infrastructure buildout still has more room to run out of the 291 S&P 500 companies that have reported results, 65% have beat on the top line while 79% have beat on the bottom line.

Revenue growth has been +9.25% year-over-year while EPS growth is tracking at 13.64%. FactSet is currently forecasting blended Q4 EPS growth for the SPX to be approximately 11.9-12.1%, while 2026 EPS growth is expected to be ~14.3-15.0%.

It’s encouraging to see fresh all-time highs in the Dow and S&P Equal Weight indices. On the other hand, ask yourself whether Fridays sharp bounce-back in higher risk areas of the market, like software and crypto, is a legitimate signal of capitulation/seller exhaustion, or whether it’s a short-term oversold bounce that will give in to more selling pressure next week. It’s impossible to know now only time will tell.

We also saw deterioration in labor market data, though markets didn’t seem to react negatively to that news. We’ll get monthly jobs report Wednesday, if payrolls come in well below estimates, or unemployment makes a notable jump, will markets be able to shrug that off?

DOW above 50K; Every sell the news on MAG 7 stocks was absorbed with buying in heavy industrials, financials and value, we saw leadership in staples. If you look at the broad economy stocks such as FedX the stock is up 25% for the year. The market is pointing that it believes that will get a spring higher in broad earnings growth and were gonna run a hot economy. The question is whether the market priced that in yet or not.

RSI, was at 20 for Gold, Silver, MSFT, ORCL, PLTR. We saw the bottom for now the question is what happens with this rally and how to play it?

What happened in the futures commodity markets this week

Oil prices were volatile: Earlier in the week Brent and WTI crude climbed sharply (~3%) on heightened Middle East geopolitical risk as U.S.–Iran tensions flared, with markets pricing potential supply disruptions near the Strait of Hormuz. This supported energy futures mid-week.
Then prices slid: As geopolitical tensions temporarily eased, crude futures pulled back from those gains later in the week.
Natural gas futures softened: The broader commodity dashboard shows natural gas trading lower on the week, reflecting a pullback from recent volatility.

Precious Metals

Silver weakness: Silver futures saw a sharp downturn (~15% on a single session) as investors exited hard assets amid reduced geopolitical risk and a firmer dollar.
Gold also pulled back: Gold retraced from recent rally highs, though it remains elevated compared with earlier in the year.

Agriculture Futures

Soybeans held strong: U.S. soybean futures extended gains to multi-month highs on Chinese demand optimism, helping grains show relative strength.
Corn & wheat mixed: Corn and winter wheat prices faded or traded softer after earlier strength.

Risk Management Is Paramount

Elevated volatility and margin requirement hikes in metals underscore the importance of robust risk management.
Strong price moves can trigger forced liquidations — especially in leveraged futures accounts.
Client action: Encourage stop-loss discipline, volatility-adjusted position sizing.

Fundamentals Remain Mixed Across Sectors

Agriculture trades are influenced by seasonal demand, weather, and global supply dynamics — not just macro data. Seasonal patterns are still key catalysts.
Natural gas and energy transition metals continue to offer divergent fundamentals vs. crude — they don’t always move together.
Client action: Avoid one-size-fits-all commodity themes; analyze sector–specific fundamentals (weather, export demand, policy drivers).

Stay ahead of the curve by following our YouTube channel https://www.youtube.com/@Cannontrading and Facebook page, (20+) Cannon Trading Company Group | Facebook where we are posting frequent video updates to help you navigate the commodity markets.

Software stocks were down big with Anthropic’s recent software news triggered a massive sell-off because their new tools, specifically Claude Cowork, shifted AI from a “writing assistant” to an autonomous agent capable of replacing specialized software. The IGV software ETF is down 24%, I hear analysts saying when companies will report that they are increasing their buy backs that may mark a bottom. the Relative Strength Index hit 14.

My takeaway from this report and the effects it had on software stocks is that ”we need to be ready that at any moment there scan suddenly be breakthrough that will break something and devalue a particular sector”.

On the AI front for 2026, Google and Amazon have announced record-breaking increases in capital expenditures (Capex) to fuel the AI race, largely for data centers and infrastructure. Amazon: Projected to spend $200 billion in 2026, representing a 50.6% increase over its $131.8 billion spend in 2025.

Google (Alphabet): Projected to spend between $175 billion and $185 billion in 2026, effectively doubling (97%–100%+ increase) its 2025 spend of approximately $91.4 billion. Various industries that should benefit from this spend, power companies, data centers grid & the consumer.

The total amount of capx from last year and the next 2 years anticipated from the hyperscalers is around 2 trillion $, which is almost exactly as much market cap that the market lost in software sector since the high in October.

Key Drivers of the Yield Drop. The yield decline was concentrated on Thursday, February 5, after several economic data points suggested the labor market might be cooling faster than expected. Today Monday Feb 8, we saw Bloomberg News report; China urges banks to curb US Treasuries exposure.

The US dollar: scott Bessent said on TV “are we doing the things to create a strong backdrop for the dollar; our tax policy, our trade policy, our deregulatory policy, our energy policy, reasserting our sovereignty in critical minerals are we making the US the best place for capital in the world.

Bitcoin, which was around $83,000 last Friday, hit $60,000 earlier this morning but is snapping back towards $70,000 today. Does fridays “risk on” bounce signal that we hit a capitulation extreme in software/crypto and the near-term low is in place? Of course that’s a possibility, but it’s too early to be sure. Bitcoin: there was a report on CNBC that around 40% of spot bitcoin ETF holders are underwater. There was roughly $1.3 billion in net outflows last week.

AMZN went down 50% 8 times in its first 15 years of existence. Volatility is the name of the game.

Technical Analysis:

$COMP & NDX fell through support this week and the near-term outlook is questionable. Concerned of a bearish confirmation in the $COMP and NDX, meaning that the indices continue to move higher early next week but encounter resistance at the underside of the 100-day SMA or some other resistance level and turn lower; this is technically called a bearish “pullback”. Should that occur, this could broadly dampen investor sentiment, and the selling could spill over into the overall market.

You can view the charts am fallowing this week at – https://www.youtube.com/@Cannontrading

The standout this week is the rollover in market breadth on the CCMP, which has been occurring due to the carnage in software-related companies. Compared to last Friday’s, the SPX breadth declined to 63.44% from 67.27% and the CCMP sank to 43.05% from 48.51%, while the RUT eased to 63.4% from 64.77%.

Economic reports:

Monday (Feb. 9): no reports
Tuesday (Feb. 10): Business Inventories, Employment Cost Index, Export Prices ex-ag, Factory Orders, Import Prices, Retail Sales
Wednesday (Feb. 11): Nonfarm Payrolls, Average Hourly Earnings, Average Workweek, Unemployment Rate, EIA Crude Oil Inventories, MBA Mortgage Applications Index, Treasury Budget
Thursday (Feb. 12): Producer Price Index (PPI), Continuing Claims, EIA Natural Gas Inventories, Existing Home Sales, Initial Claims
Friday (Feb. 13): Consumer Price Index (CPI)

You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. I am registered solely as a commodities broker. Any references, recommendations & information contained in this article are of opinion only, should not be considered investment advice. And do not guarantee any profits.

Name	Exchange	Class	Exchange Symbol	CQG Symbol	Size
nano XRP	Coinbase	Crypto	XRP	XRP	500 XRP
XRP	Coinbase	Crypto	XRL	XRL	10,000 XRP
nano XRP Perp-Style	Coinbase	Crypto	XPP	XPP	500 XRP
nano Solana	Coinbase	Crypto	SOL	SOL	5 Solana
nano Solana Perp-Style	Coinbase	Crypto	SLP	SLP	5 Solana
Solana	Coinbase	Crypto	SLC	SLC	100 Solana
nano Ether Perp-Style	Coinbase	Crypto	ETP	ETP	0.1 Ethereum
Ether	Coinbase	Crypto	ETI	ETI	10 Ethereum
nano Ether	Coinbase	Crypto	ET	NET	0.1 Ethereum
nano Bitcoin	Coinbase	Crypto	BIT	BIT	0.01 Bitcoin
nano Bitcoin Perp-Style	Coinbase	Crypto	BIP	BIP	0.01 Bitcoin

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

May Soybean Oil

May bean oil is extending its rally into a new contract high. The rally has left us extremely overbought and due for a short‑term correction. At this point, if the chart can sustain further strength, we are left with the low‑percentage fourth PriceCount objective to aim for in the 60 area which is consistent with the target on the weekly chart.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for February 10th, 2026

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Economic Reports

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Presidents’ Day Schedule 2026!!!! Your Important Can’t-Miss 3 Day Calendar for Trading Futures Presidents’ Day Weekend!

Posted on February 9, 2026 by Cannon Operations

Presidents’ Day 2026 Schedule Below

(please click image for larger/clearer view)

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Futures Traders: What YOU Need to Know for the Week ahead PLUS: NFP Wednesday, Iran, New Crypto and Gold Contracts, Levels, Reports; Your Weekend Guide of Important Can’t-Miss Need-To-Knows for Trading Futures the Week of February 9th, 2026

Posted on February 6, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1277

The Week Ahead – NFP Wednesday< Heavy Earnings, Iran
Futures 101 – XRP, Solana, 1 ounce Gold & More are Now Available on CannonX
Cannon Edge – Your Futures trading Map for the week ahead!
Hot Market of the Week – March-May Beans Spread
Broker’s Trading System of the Week – SP500 Swing Trading System
Trading Levels for Next Week
Trading Reports for Next Week

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4554.63	4764.87	4880.23	5090.47	5205.83
Silver (SI) — Mar. (#SI)	58.93	67.98	72.95	82.00	86.97
Crude Oil (CL) — Mar. (#CL)	61.03	62.24	63.41	64.62	65.79
Mar. Bonds (ZB) — Mar. (#ZB)	114 23/32	115 4/32	115 19/32	116	116 15/32

What Futures Traders Should Watch This Week

By Ilan Levy-Mayer, VP

futures

The week ahead brings a mix of catalysts that could keep volatility elevated across major futures markets.

Equity index futures may stay choppy as earnings season continues, while key U.S. economic releases—especially the jobs report and ISM data—could influence rate expectations and drive sharp moves in bonds, metals, and currencies.

Keep in mind NFP (Non-Farm Payroll) is due out this Wednesday!

Gold and silver remain sensitive to macro headlines, with recent volatility suggesting more two‑sided trade ahead.

In energies, crude and natural gas continue to react quickly to geopolitical developments and shifting supply expectations.

Bottom line: this is a week where disciplined risk management matters. With multiple market drivers hitting at once, traders should be prepared for fast moves and wider intraday ranges.

Review below some Crypto contracts and new gold contracts!

Name	Exchange	Class	Exchange Symbol	CannonX Symbol	Liquidity
1-oz. Gold	CME	1 Troy Ounce	1OZ	M1OZ	Very liquid: 10’s of thousands of contracts per day
10-oz. Gold	CME	10 Troy Ounces	MGC	MGC	Extremely liquid: 100’s of thousands of contracts per day
XRP	CME	50,000 XRP	XRP	GXRP	Illiquid: less than 1000 contracts per day
Micro XRP	CME	2,500 XRP	MXP	GMXP	Moderately liquid: 1,000-5,000 contracts per day
XRP	CoinBase	10,000 XRP	XRP	XRL	Looks extremely liquid: CoinBase XRP Price Page
Solana	CME	500 SOL	SOL	SLC	Moderately liquid: 1,000-5,000 contracts per day: CME Solana Vol. & Open Int.
Micro Solana	CME	25 SOL	MSL		Moderately liquid: 1,000-5,000 contracts per day: CME Micro Solana Vol. & Open Int.

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

Hot Market of the Week

Free Trial Available

March-May Bean Spread

The March – May Soybean Spread broke down to a new low where we satisfied the second downside PriceCount objective to the -14.5 area. Now, we are responding with a possible corrective trade higher. At this point, if the chart can resume its break with new sustained lows, the third count would project a possible slide to the -17.75 area.

Learn more spreads and seasonal patterns in commodity futures HERE

Learn more at www.qtchartoftheday.com

Brokers Trading System of the Week

Abacus Upside ES Trading System

Market Sector: indices

Markets Traded: ES- Mini SP500

System Type: Swing Trading

Risk per Trade: varies

System Description: An ES swing trading system currently traded by the developer who has 15+ years’ experience. All stock indexes trend upwards over the long term but with some significant daily declines and occasional longer bear markets. The system seeks to take advantage of this bias by actively entering on those days when the upside probability is increased whilst filtering out as many downward movements as possible.

The system logic has historically been very effective in achieving this outcome in both normal rising markets and by catching the frequent upward “bounce” days in more volatile periods. It trades long only and relatively frequently but generally only holds positions for 1-2 days. For greater diversity and smoother returns trade this system with: (1) Abacus Raider NQ; and/or (2) Abacus Momentum.

Broker’s Suggested Capital: $28,000

Developer Fee per contract: $175.00 Monthly Subscription

Get Started

Learn More

System Trades Disclosure:

System Description

Actual Monthly Performance

This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site.

Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results. The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE.

This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital. Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss.

In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

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

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

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

Futures Trading Disclaimer:

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

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

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Daily Levels for Feb. 9th, 2026

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Trading Reports for Next Week

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Swinging Metals! Silver High to Low PLUS: Volatility, Bitcoin/Crypto, March Soybeans, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on February 6th, 2026

Posted on February 5, 2026 by Cannon Operations

Swinging Metals!

Higher Volatility Across the Board – No NFP Report Tomorrow!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4654.03	4743.07	4894.03	4983.07	5134.03
Silver (SI) — Mar. (#SI)	59.82	66.46	78.15	84.79	96.48
Crude Oil (CL) — Mar. (#CL)	61.52	62.41	63.54	64.43	65.56
Mar. Bonds (ZB) — Mar. (#ZB)	113 30/32	114 24/32	115 6/32	116	116 14/32

Metals – Silver

The metals markets delivered another jolt today, with silver swinging more than $90,000 per contract from high to low!

Gold

Gold followed with outsized ranges of its own, while equity index futures continue to show elevated intraday volatility.

Bitcoin/Crypto

Bitcoin, micro bitcoin, ether and the rest of the family witnessed a large decline as well and you can see a weekly chart of the Bitcoin futures below as we approach a meaningfull level.

!!Volatility!!

In an environment like this, opportunity is real—but so is the danger. Traders must prioritize the risk side of the equation, from position sizing to stop discipline to understanding how quickly leveraged products can move.

The good liquidity in the different MICRO products across the board makes them a great tool for reduced position size and/ or utilize for possible hedge as needed.

NO NFP (Non-Farm Payroll)

HEADS UP: No NFP report tomorrow which is usually the first Friday of the month due to the partial govt. shutdown – right now it is scheduled to come out Wednesday, Feb. 11th at 7:30 AM Central.

Day trading margins vary among clearing firms / FCM’s. If needed, contact your Cannon Trading Co. broker for specifics.

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

May Soybeans

May Soybeans stabilized and established a sideways range trade after completing the second downside PriceCount objective. Now, the chart has shifted its formation back to the topside and is activating upside counts where the first objective projects a run to the $11.32 area. It takes a trade above the December reactionary high to formally negate the remaining unmet downside counts.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for February 6th, 2026

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Economic Reports

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All times are Central Time ( Chicago)

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FOMC Approaching!

Lunar New Year Holiday Notice – Hong Kong & China

Please note that February 17–19 is a public holiday in Hong Kong and China in observance of the Lunar New Year.

We wish all our traders across the Far East a Happy Lunar New Year and a prosperous year ahead.

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Mar. Bonds (ZB)

FOMC Minutes Ahead!

By John Thorpe, Senior Broker

In July 2025, a rare dual dissent occurred with two governors opposing a rate decision.

That kind of internal division is rare, and markets pay attention to it.

“The upward momentum in US Equities is likely to persist”

The Fed Minutes will be released @ 1:00pm CST.

“With the Fed holding steady, markets are likely to anticipate further rate cuts as economic conditions gradually weaken”

Introducing Cannon Edge — Your Daily Futures Snapshot

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

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

Daily Levels for February 18th, 2026

Economic Reports

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Weekly Market Update

By Eli Gal Levy, Series 3 Broker

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Mar. Bonds (ZB)

Weekly Market Update

???

DOW

RSP

Earnings

“If tech cannot get an AI-driven valuation premium, one must wonder if any sector can earn its way into a better multiple in the next few years,” Colas writes.

Growth

YIELDS

Energy Commodities

Crude Oil (WTI & Brent)

Natural Gas

Precious & Industrial Metals

Gold

Silver

Platinum & Palladium

Industrial Metals (Copper, Aluminum)

Agricultural Commodities

Grains

Softs & Others

Top Weekly Movers – Commodities Futures

Upside / Outperformers

Downside / Underperformers

Key Market Drivers Last Week

What to Watch Next Week

Introducing Cannon Edge — Your Daily Futures Snapshot

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

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

Daily Levels for February 17th, 2026

Economic Reports

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