Metals!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4571.07	4604.03	4627.27	4660.23	4683.47
Silver (SI) — Mar. (#SI)	84.36	88.78	91.17	95.59	97.98
Crude Oil (CL) — Feb (#CL)	57.29	58.62	60.41	61.74	63.53
Mar. Bonds (ZB) — Mar (#ZB)	115 7/32	115 24/32	116 3/32	116 20/32	116 31/32

Precious Metals Continue to Roar!

metal

Metals:

Heads up precious metals futures traders. Did you know CME Group offers a 1-oz. gold futures contract? That’s right: a gold futures contract that’s one hundredth the size of the main 100-contract. This is a cash-settled contract. You can’t take physical delivery of the one ounce of gold from which the contract is derived, but it offers a lower-margin product to trade gold.

Each $1 move in the contract is equal to a $1 move. It moves in $0.25 increments.

CME Group’s full contract specifications

The current initial margin requirement is $253.

Contact your Cannon Trading Co. broker for FCM availability and platform symbol.

More metals:

Keep an eye out for the introduction of a new 100-ounce silver futures contract being released in February. The 100-Ounce Silver futures contract will offer a lower-margin product to trade a silver position. At 100 ounces, the contract is 1/50 the size of the main 5,000-oz. silver fututres contract, meaning each 1-cent move in the contract will be equal to $1.

More Metals:

To recap, the CME Group raised margins on a number of precious metals futures contracts. Below are the new margins for the main precious metals futures contracts.

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.

Bloomberg Commodity Index

The Bloomberg Commodity Index is a weighted index of commodities from the grains, meats, energy, metals, and soft sectors. The weekly chart broke out of its extended range this fall and now it is gapping away from the first PriceCount objective. If the chart can sustain further strength, we could be headed for a challenge of the second count.

FREE TRIAL AVAILABLE

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.

Daily Levels for January 15th, 2026

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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.