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Futures Market 101, March Heating Oil, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on February 4th, 2026

Posted on February 3, 2026 by Cannon Operations

Futures Markets Data 101

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4565.90	4769.50	4893.80	5097.40	5221.70
Silver (SI) — Mar. (#SI)	74.31	79.71	84.40	89.80	94.49
Crude Oil (CL) — Mar. (#CL)	60.04	62.04	63.13	65.13	66.22
Mar. Bonds (ZB) — Mar. (#ZB)	114 1/32	114 12/32	114 19/32	114 30/32	115 5/32

A good working schedule by exchange family and typical non‑pro screen fees.

Uncovering Monthly Real-Time Market Data Fees for the retail trader

CME Non-Professional Monthly Fees

The Clearing Firms do collect a usury fee and charge a little more.

For StoneX

NON- PRO Depth of Market $13.00 per exchange

NON-PRO Bundle -All Exchanges $39.00

NON-PRO Top of Book $2.00 per exchange

NON-PRO Bundle Top of Book $6.00

ICE US $148.00

IronBeam

NON- PRO Depth of Market $15.50 per exchange

NON-PRO Bundle -All Exchanges $41.00

NON-PRO Top of Book $3.00 per exchange

NON-PRO Bundle Top of Book $9.00

ICE US $148.00

Here is a quick video detailing the difference between level 1 and level 2 data.

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 Heating Oil

March heating oil satisfied its third upside PriceCount objective and is correcting lower. At this point, IF the chart can sustain further upside, we are left with a low percentage fourth count to aim for in the 3.23 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for February 4th, 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

Call Now

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Weekly Market Update PLUS: First Notice/Last Trading Days, CannonEdge, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 3rd, 2026

Posted on February 2, 2026 by Cannon Operations

Weekly Outlook Ahead!

By Gal Levy, Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4868.80	4926.60	4959.00	5016.80	5049.20
Silver (SI) — Mar. (#SI)	93.95	98.46	100.73	105.23	107.50
Crude Oil (CL) — Mar. (#CL)	58.93	60.09	60.67	61.83	62.41
Mar. Bonds (ZB) — Mar. (#ZB)	114 22/32	115 2/32	115 11/32	115 23/32	116

Overnight moves in metals, crude oil, natural gas and other markets were quite extreme!

weekly market

We suspect that with the Iran situation, govt. shutdown, metals volatility – we will see more of that the rest of the week.

Risk management becomes just as important if not more than the actual directional bias of the market.

Weekly Market update:

Trump picks Kevin Warsh to lead the US Federal Reserve. The Warsh nomination triggered a jump in the dollar. Warsh was appointed by President George W. Bush as Fed governor from 2006-2011 and is considered a Wall Street veteran due to his time at Morgan Stanley.

Last year Warsh warned that U.S. fiscal policy was on a “dangerous trajectory” due to “irresponsible spending” and called for “regime change” at the Federal Reserve. Analysts have characterized Warsh as a practical pick who is less dovish than some of the other candidates, though he may be in favor of some near-term cuts.

Stock Indices

We had a volatile week, with a heavy flow of earnings. Both indices SPX & NASDAQ rallied for the first half of the week, then gave it all back during the back half of the week. The Cboe Volatility index (VIX) ramped up and nearly hit 20 on an intraday basis yesterday, following a post-earnings tech-fueled sell-off.

My takeaway from this week volatility and the fact that metals such as Gold and Silver were hit hard leads me to believe were at Risk Off mode until proven otherwise. I may be wrong as I always say there are two sides to a coin. Will see how all this develops, in the meantime traders will enjoy the volatility and these price swings as long as they use proper risk management. I will be looking at –

Earnings and economic reports.
Geopolitical issues
When will the market test the new FED chairman

S&P 500 companies reported earnings this week, and the results continued to convey a healthy economy. Out of the 165 S&P 500 companies that have reported results, 60% have beat on the top line while 79% have beat on the bottom line. Revenue growth has been +7.43% year-over-year while earnings-per-share (EPS) growth is tracking at 15.31%, though we are only one-third of the way through the earnings season. For reference, FactSet is currently forecasting 8.2% EPS growth in Q4 for the entire S&P 500.

Federal Reserve conducted one of its two-day Federal Open Market Committee (FOMC) meetings this week, though it really didn’t contain any surprises. As expected, rates were left unchanged, and Chairman Jerome Powell conveyed that monetary policy remains near an appropriate level given the firm economy. Of course, their view is subject to change based on future data.

Trading in silver options surpassed NASDAQ options this week. On Friday Silver fell over 31% and Gold 11%. Crashes usually happen due to margin calls and forced selling. The 50 Day moving average is sitting at $74 and the 200 day moving average is sitting at $48.46. Platinum and palladium also ended the day down double digits on the day.

Kith Lerner downgraded Gold on Thursday stating reason was Gold traded 40% above its 200 day moving average that’s the most extended since the 80’s. Silver was up 60% for the month, and was more than 140% above its 200 day moving average. Silver broke out from $55.

Bitcoin is trading around 78 thousand.

READ THE REST ALONG WITH CHARTS AND MORE HERE

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

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.

Learn more at www.qtchartoftheday.com

Daily Levels for February 3rd, 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

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

NFP out amidst the possibility of government shutdown PLUS: New Crypto and Gold Contracts, March Wheat, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of February 2nd, 2026

Posted on January 30, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1276

The Week Ahead – NFP, Iran, Govt. Shutdown?
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 Wheat
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)	4868.80	4926.60	4959.00	5016.80	5049.20
Silver (SI) — Mar. (#SI)	93.95	98.46	100.73	105.23	107.50
Crude Oil (CL) — Mar. (#CL)	58.93	60.09	60.67	61.83	62.41
Mar. Bonds (ZB) — Mar. (#ZB)	114 22/32	115 2/32	115 11/32	115 23/32	116

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

The Week Ahead: NFP amidst a possible government shutdown

We may come in Monday with a government shutdown for the second time in 4 months. Probabilities increased for a stalemate as of this writing, Friday noon eastern after the funding deals stall in the Senate per U.S. News.

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 Non-Farm Payrolls (NFP) out the first Friday of every month.

Fed Speakers are back as well. Re: the Fed, of note, in a surprise move, the market was expecting President Trump to appoint as the next Fed Chair a Dove to the seat, President Trump appointed Kevin Warsh, a Stanford Economist considered to be a hawk on inflation. (precious metals sell-off?). 7318 earnings reports.

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

Earnings Next Week:

· Mon. Palantir, Disney, Mitsui, NXP Semiconductors

· Tue. AMD, Merck, NovoNordisk, Pepsi, Amgen, Pfizer

· Wed. Alphabet, Ili Lilly, Novartis, Shell, Uber, Qualcomm, CME Group

· Thu. Amazon, Unilever, Conoco Phillips, KKR, ICE Exchange,

· Fri. Exxon Mobil, Chevron, AMEX, Verizon, Charter Communications

FED SPEECHES: (all times CST)

· Mon. Bostic 11:25 am

· Tues. Barkin 7:00 am

· Wed. Cook 4:30 PM

· Thu. Bostic 9:50 am

· Fri. Jefferson 11:00 am

Econ Data: (all times CST)

· Mon. ISM Mfg., Treasury Refunding Estimates

· Tue. Redbook YoY, JOLTS,

· Wed. ADP emp. Change, Treasury Refunding Announcement, ISM Svcs. PMI, EIA Crude stocks.

· Thu. Jobless claims, Nat Gas Stocks,

· Fri. NFP, Mich. Consumer Sentiment, Baker Hughes Rig count

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

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 Wheat

The recovery rally in March Wheat is approaching the first upside PriceCount objective to the $5.47 area. It would be normal to get a reaction from this level in the form of a consolidation or corrective trade. IF the chart can sustain further upside, the second count would project a potential run to the $5.63 area.

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

“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.

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:

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.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Daily Levels for Feb. 2nd, 2026

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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Gold goes Volatile PLUS: Energies and Stock Indices, March Crude Oil, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on January 30th, 2026

Posted on January 29, 2026 by Cannon Operations

Higher Volatility in Metals, Energies and Stock Indices

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4893.63	5162.07	5394.43	5662.87	5895.23
Silver (SI) — Mar. (#SI)	99.83	108.22	155.00	123.40	130.18
Crude Oil (CL) — Mar. (#CL)	61.86	63.63	65.06	66.83	68.26
Mar. Bonds (ZB) — Mar. (#ZB)	114 9/32	114 22/32	115	115 13/32	115 23/32

The metals markets delivered another jolt today, with silver swinging more than $75,000 per contract in just 90 minutes (see intraday chart below!) a reminder of how extreme volatility has become across the board.

Gold

gold

Gold followed with outsized ranges of its own, while equity index futures continue to show elevated intraday volatility as we approach month‑end and T‑1 settlement flows. Add in renewed geopolitical tension between Iran and the U.S., and energy markets are pricing in risk premiums that can shift in minutes, not hours.

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.

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.

March Crude Oil

March crude oil is satisfying the second upside PriceCount objective. It would be normal to get a near term reaction around this level in the form of a consolidation or corrective trade. From here, IF the chart can sustain further gains the third count would project a possible run to the 67.88 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 30th, 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

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Metals Reach New Highs and Higher Margins! PLUS: March Dollar Index, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on January 29th, 2026

Posted on January 28, 2026 by Cannon Operations

Metals New Highs & New Higher Margins!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5114.63	5267.17	5346.13	5498.67	5577.63
Silver (SI) — Mar. (#SI)	107.75	112.29	114.95	119.49	122.15
Crude Oil (CL) — Mar. (#CL)	61.53	62.45	62.98	63.90	64.43
Mar. Bonds (ZB) — Mar. (#ZB)	114 14/32	114 25/32	115 2/32	115 13/32	115 22/32

Metals:

Once again we give you the story of the year and this blog’s broken record update: gold and silver are trading at all-time highs today. As of this typing, Feb. gold is trading up nearly $300 per ounce (a $30,000 per contract move) and trading over $5,375 per ounce.

Silver

March silver is trading up nearly $11.00 per ounce (a $55,000 per contract move) and trading near $117.00 per ounce.

Platinum

April platinum is trading up nearly $150 per ounce (a $7,500 per contract move) and is trading near $2,680 per ounce. This is off its $2,925.00 intraday high of Monday.

Last night, CME Group raised margins yet again 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.

March Dollar Index

The March Dollar broke down and accelerated with gap action to a second downside PriceCount objective. The count was consistent with a test of the contract low. The chart is now trying to react with a corrective trade. IF you can resume the break with new sustained lows, the third count would project a slide to the 94.15 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 29th, 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

Call Now

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

FOMC Not Looking Good for Powell PLUS: Currencies, March – May Meal Spread, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on January 28th, 2026

Posted on January 27, 2026 by Cannon Operations

FOMC Tomorrow

Chairman Powell is not the only one under pressure

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4938.13	5054.47	5120.83	5237.17	5303.53
Silver (SI) — Mar. (#SI)	98.80	105.34	109.45	115.99	120.10
Crude Oil (CL) — Feb (#CL)	59.28	60.90	61.77	63.39	64.26
Mar. Bonds (ZB) — Mar (#ZB)	114 28/32	115 4/32	115 15/32	115 23/32	116 2/32

Chairman Powell is not the only one under pressure – FOMC Tomorrow

fomc

The US Dollar is under pressure due to fading interest rate support. Geopolitical risks rising.

Markets expect the federal reserve to continue, or at a minimum, be in a cut cycle. Tomorrow’s Interest Rate decision is expected to be a no cut event for this meeting (according to the CME Fed watch tool).\

FOMC

The language of the meeting and the presser to follow is EXPECTED to tell the tale of continued, future reductions…if the language doesn’t echo expectations? Watch out.

Currency – Dollar, Euro, Yen

By cutting rates, models tie currency value to interest-rate differentials pointing to a weaker U.S. Dollar versus the Euro and Yen.

Trump threats and investigations into Chairman Powell in the open, (rather than other Presidents quietly going after fed chairs in the past) have a yet to be quantified, confidence undermining the fed’s independence. This also tends to be negative for the U.S. Dollar.

U.S. Naval assets in the middle east mobilizing, leads to additional speculation, increasing investor caution as geopolitical risks raise the aura if an Iran strike. Domestic political tension and unrest do very little to calm the dollar bears.

From a technical perspective, the dollar has broken key support levels and testing support in the 96 area.

The On again off again tariff edicts create less stability in the safe haven dollar asset and in some circles, it has been reported the US Government may” enjoy” a weaker dollar to stimulate exports and assist the strengthening of the yen. Japan is an important geopolitical partner in their area of the globe.

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 – May Meal Spread

The March – May Meal Spread satisfied its third upside PriceCount objective where we are seeing a clear reaction with the potential for a key reversal out of a new high. At this point, IF the chart can resume its rally with new sustained highs, we are left with the low percentage fourth count to aim for at a 3.60 inverse.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 28th, 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

Subscribe to our YouTube Channel

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GDP and Trading: Both sides of the Story PLUS: Weekly Charts Video, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on January 27th, 2026

Posted on January 26, 2026 by Cannon Operations

GDP & Trading

Every story has two sides to it

By Eli Levy, Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4947.30	4998.50	5053.20	5104.20	5159.10
Silver (SI) — Mar. (#SI)	95.48	102.04	109.87	116.43	124.26
Crude Oil (CL) — Feb (#CL)	59.55	60.17	60.94	61.56	62.33
Mar. Bonds (ZB) — Mar (#ZB)	115 11/32	115 18/32	115 26/32	116 1/32	116 9/32

Every story has two sides to it.

Trading

The outcome is always the same, be cautious and if you don’t know what you’re doing, speak with a professional.

Let’s discuss the positive side of the market, the economy has been resilient, it’s been hit with shocks along the way since the beginning of the decade. We’ve had strong 2nd & 3rd quarter real GDP; estimates are that will continue in the 4th quarter. And as a result, earnings are resilient as well.

We’re seeing earnings led melt up in the market.

That’s the reason we’re hearing on the news ignore all the negative noise. I heard David Solomon say “I think we’re set up where we have the possibility for a stronger growth trajectory for the next few years. If the economy doesn’t have a recession, then PE can probably stay high”.

In addition, I also wrote in last week’s blog; Washington influences growth through three primary levers: fiscal policy (taxes and spending), monetary policy (interest rates), and credit policy (ease of borrowing). Historically, these functioned independently and were often uncoordinated:

Fiscal policy followed congressional cycles.
Monetary policy was the domain of an independent Fed.
Credit policy was often the result of disjointed regulatory decisions.

This year marks a shift. All three levers are currently dialed toward stimulus, reflecting a unified focus by the administration and Congress on accelerating growth ahead of the November midterms.

READ the rest of the article along with charts HERE

New video is now on our YouTube Channel where we review:

10-Year Treasury Yield (TNX):

Reviewed the current technical structure, highlighting key trend behavior and what recent price action suggests for rates and the markets.

U.S. Dollar Index (DXY):

Covered the break of a major long-term support line, discussing why this move is technically important. Continued weakness could impact commodities and equities.

Wheat Futures:

Analyzed the recent upside move, outlining critical support and resistance levels and what to watch for continuation versus consolidation.

Silver:

Discussed the ongoing parabolic advance, the risks that come with extended moves, and technical ways to approach participation while managing downside.

S&P 500 (SPX):

Marked the first key support and resistance levels, providing a framework for near-term market direction and potential inflection points.

See below and make sure to subscribe and be notified to time sensitive videos we post!

https://www.youtube.com/watch?v=1AouK2g2gcY

thumbnail?url=https%3A%2F%2Fi.ytimg.com%2Fvi%2F1AouK2g2gcY%2Fhqdefault

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.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 27th, 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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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

The Week Ahead: FOMC, Metals at All-Time Highs, March Corn Wheat Spread, Gold Swing Trading System, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of January 26th, 2026

Posted on January 23, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1275

The Week Ahead – FOMC, MAG Earnings, Metals All Time Highs!
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 Corn Wheat Spread
Broker’s Trading System of the Week – Gold 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) — Feb(#GC)	4868.80	4926.60	4959.00	5016.80	5049.20
Silver (SI) — Mar. (#SI)	93.95	98.46	100.73	105.23	107.50
Crude Oil (CL) — Feb (#CL)	58.93	60.09	60.67	61.83	62.41
Mar. Bonds (ZB) — Mar (#ZB)	114 22/32	115 2/32	115 11/32	115 23/32	116

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

fomc

It certainly looks like we’ll be seeing quite a bit of action in the markets next week. We have quite a few economic data points in addition to The Fed rate decision and if I am not mistaken, we have 4 of the Mag 7 stocks reporting out of 4769 earnings reports, the heaviest week of earnings in the cycle.

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

Earnings Next Week:

· Mon. regional banks, Nucor

· Tue. LVMH, UnitedHealthcare, Boeing, Texas Instruments, UPS, Northrup Grumman, GM, Seagate

· Wed. MSFT, META, TESLA, IBM, AT&T, SBUX, ADP

· Thu. Apple, Visa, Mastercard, Caterpillar, Blackstone, Southern Copper Corp, Comcast, Lockheed

· Fri. Exxon Mobil, Chevron, AMEX, Verizon, Charter Communications

FED SPEECHES: (all times CST)

· Mon. Fed

· Tues. Blackout

· Wed. FED Rate decision and Presser

· Thu. None

· Fri. Bowman after market close

Econ Data: (all times CST)

· Mon. Chicago Fed Nat Activity Index, Durable Goods, Dallas Fed Manufacturing Index

· Tue. ADP Weekly, Redbook YoY, S&P Case Schiller, CB Consumer Confidence, Dallas Fed Svcs.,

· Wed. EIA Crude stocks, FED Rate Decision, Presser follows

· Thu. Balance of Trade, Jobless claims, Factory orders, Nat Gas Stocks,

· Fri. Core PPI, Chgo PMI

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 Wheat – Corn Spread

The March Wheat – Corn Spread corrected after completing the second upside PriceCount objective. Now, the chart is attempting to resume its rally where new sustained highs would project a potential run to the third count in the 1.07 area.

LEARN MORE ABOUT SPREADS!!

t 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

Brokers Trading System of the Week

Edvardus – Breakout Gold Trading System

Market Sector: Metals

Markets Traded: GC – Gold Futures

System Type: Day Trading

Risk per Trade: varies

System Description: Edvardus Breakout GOLD is a breakout swing trading strategy. It has passed robustness testing such as walk-forward analysis.

Broker’s Suggested Capital: $33,000

Developer Fee per contract: $250.00 Monthly Subscription

Get Started

Learn More

January 2026 summary below – full results since inception HERE:

System Trades Disclosure:

System Description

Actual Monthly Performance

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.

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

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.

Futures Trading Disclaimer:

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.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Daily Levels for Jan. 26th, 2026

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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contact your Cannon Trading Co. broker for specifics.

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Gold & Silver hit All Time Highs! PLUS: Weekly Natural Gas, Cannon Edge, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on January 23rd, 2026

Posted on January 22, 2026 by Cannon Operations

Gold & Silver at All Time Highs – Again!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4716.60	4820.00	4876.10	4979.50	5035.60
Silver (SI) — Mar. (#SI)	88.50	92.38	94.56	98.43	100.61
Crude Oil (CL) — Feb (#CL)	57.87	58.64	59.73	60.50	61.59
Mar. Bonds (ZB) — Mar (#ZB)	114 13/32	114 26/32	115 2/32	115 15/32	115 23/32

Gold & Silver hit All Time Highs – Again!

Albeit only three weeks into 2026, it’s the commodity futures story of the year – and this blog’s broken record update: gold, silver and platinum are all trading at all-time highs today. As of this typing, Feb. gold is trading up over $90 per ounce (a $9,000 per contract move) and trading over $4,900 per ounce. March silver is trading up nearly $3.75 per ounce (a $18,750 per contract move) and trading near $96 per ounce.

April platinum is trading up over $125 per ounce (a $6,250 per contract move) and is trading over $2,600 per ounce.

Matthew Weller of Investing.com painted this picture: “Between wartime-level fiscal deficits across the developed world, persistently above-target inflation, the independence of the Federal Reserve under fire, and the global geopolitical drama (Venezuela, Greenland, China, etc.), the fundamental case for precious metals has arguably never been stronger.”

Gold & Silver

Traders are no doubt eyeing $5,000 gold and $100 silver, but it’s always crucial to heed the current extreme volatility in these markets, which is unlikely to decrease any time soon. Consider your risk appetite and your trading account’s risk parameters before trading in all markets, but precious metals in particular in the present climate.

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.

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 Natural Gas

The weekly chart of natural gas has resumed its rally into a new high. If it can sustain further strength, the third upside PriceCount objective projects a possible run to the 7.26 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 23rd, 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