Cannon Futures Weekly Letter

In Today’s Issue #1261

• The Week Ahead -Govt. Shut Down & FOMC Minutes

• Futures 101 – Podcast: Futures Spreads Explained

• Hot Market of the Week – Dec./March Corn Spread

• Broker’s Trading System of the Week – Mini SP Swing Trading System

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

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

FOMC Minutes Wednesday.

If the Govt shutdown ends, the economic data will again flow. Please review the list at the bottom of the newsletter for potential data releases and reporting times. Currently Government issued data is considered non-essential and recall, the Fed is independent of the government so there will be a release of the minutes from the last meeting.

Will metals hit all-time highs? Nearly 46 years later, Silver, January 17, 1980, $49.95 troy oz. today? $48.08 troy oz. basis December. Almost there.

Gold continues to make all-time highs. Today? Gold was trading @ $3912.00 as of this writing with an intraday high of $3916.80 basis December,

Copper 5.0820 Is today’s print. 5.94 was the all-time high this past July.

The on again off again nature of Tariff news has created golden opportunities for breakouts in some markets, rangebound trades in others.

Continued volatility to come

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

Earnings Next Week:

• Mon. CVS
• Tue. McCormick and Co.
• Wed. ABC-Mart
• Thu. Pepsi , Delta Air
• Fri. Quiet

FED SPEECHES: (all times CDT)

• Mon.
• Tues. Bostic 9am, Miran 9:30am, KashKari 10:30 am
• Wed. Musalem 8:20am, Barr 8:30 am, FOMC MINUTES 2PM. Kashkari 2:15pm, Barr 4:45pm
• Thu.  Bowman 7:35am, Barr 11:45, Bowman 2:45 pm.
• Fri.   Goolsbee 8:45am, Musalem Noon

Futures Spreads Explained Podcast – Instant Viewing

In this episode snippet of the Cannon Trading Podcast, we discuss Spread Trading.

When we talk about seasonal patterns in futures, we’re referring to certain conditions and events that repeat annually. Perhaps the most obvious of these is the annual cycle of weather from warm to cold and back to warm. However, the calendar also marks the annual passing of important events, such as the due date for U.S. income taxes every April 15th. Enormous supplies of grain at harvest dwindle throughout the year. Demand for heating oil typically rises as cold weather approaches but subsides as inventory is filled. Monetary liquidity may decline as taxes are paid but rise as the Federal Reserve recirculates funds. Such annual events create yearly cycles in supply and demand.

WATCH PODCAST NOW

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

Dec. / March Corn Spread

The Dec-March corn spread has broken out of its downtrend and activated upside PriceCount objectives. The first count projects a run to the -15.25 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

ALGOsigmaX E-mini S&P ES

Markets Traded:   Mini SP500 ES/EP

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $50,000

Developer Fee per contract: $205 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.

Daily Levels for Oct 6th, 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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