Cannon Futures Weekly Letter

In Today’s Issue #1252

• The Week Ahead – Tariffs, Earnings & Volatility

• Futures 101 – Micro Bitcoin futures Basics

• Hot Market of the Week – September Dollar Index

• Broker’s Trading System of the Week – Gold Swing Trading System

• Trading Levels for Next Week

• Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Heavy Earnings reports, a bit over 13000 reports.

Tariff impacts are creating volatility in commodity markets (industrial metals, Orange Juice, Coffee, Grains) look for news about China, Canada and Mexico Tariffs in addition to those already discussed, it seems the markets are moving to the changes in prospects for signed deals. The on again off again nature of the talks has created golden opportunities for breakouts in some markets, rangebound trades in others.

Remember that current market drivers for Equities are hard data on Jobs, Inflation, Trump tweets and Geopolitics. Last week I wrote this: Watch for the gold market to maintain its rangebound stance, close below 3350 (basis December) or above 3500 should denote a breakout, begin trading the December(Z) contract next week.

Dec gold traded below 3350 today and the past three days but never closed meaningfully below 3350.0 (3348.60 Thurs.) trading above 3400 today with the Dollar index taking a strong retreat today with last night’s tariff news.

Continued volatility to come as next week all markets will be reacting to whatever comes out of Big Earnings, U.S. Govt leadership relating to conflicts cessation and trade deals, especially with China, Canada (35% as of last night, subject to change) and Mexico (current 90-day extension).

Earnings Next Week:

• Mon. Loews, Tyson
• Tue.  Caterpiller, ADM, Pfizer, Amgn, AMD
• Wed. Disney, MCD,
• Thu. Eli Lilly, OXY, Akamai,
• Fri.   Quiet

FED SPEECHES: (all times CDT)

• Mon.   Quiet
• Tues.  Quiet
• Wed.  1PM Cook
• Thu.   9am Bostic. 9:20 am Musalem
• Fri.     Quiet

Economic Data week:

• Mon.  Factory Orders
• Tue.    Balance of Trade, S&P global PMI, ISM Svcs PMI, Econ Optimism Index, Household Debt
• Wed.  EIA Crude Stocks, Fed Rates
• Thur.  Jobless claims, EIA NAT GAS Storage, inflation expectations, consumer credit, Fed Balance sheet
• Fri.  Quiet

Micro Cryptocurrency futures and options fundamentals

Course Overview

Micro Cryptocurrency futures and options from CME Group provide an efficient, cost-effective way to fine-tune cryptocurrency exposure. It’s important to understand the fundamentals and mechanics of how these products work.

In this course, you’ll learn more about the cryptocurrency products, underlying reference rates, contracts, and ways to manage your exposure to the top cryptocurrency markets.

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

September Dollar Index

The September dollar index found stability earlier this month and now it has activated upside PriceCount objectives on the correction. The first count projects a possible run to the 100.58 area.

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

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

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors.

Past performance of actual trades or strategies is not necessarily indicative of future results.

Brokers Trading System of the Week

Neo Delta Long Gold V1

Markets Traded:   Gold Futures GC

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $60,000

Developer Fee per contract: $250 Monthly Subscription

Get Started

Learn More

IMPORTANT RISK DISCLOSURE

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

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

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

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

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

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

Please read full disclaimer HERE.

Trading Levels for Next Week

Daily Levels for August 4th, 2025

Trading Reports for Next Week

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

www.mrci.com

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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