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Gold Outlook and Levels 9.19.2017

Posted on September 18, 2017September 18, 2017 by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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Front month for crude oil futures is now November.

The October crude oil is going into delivery so be aware and start trading the November contract. ( X= November)

Currencies, Stock Indices, metals, financials are all December contract. Z= December.

We are here to help. If you are not sure what month to trade or just need someone to talk about the markets, give us a call or reach out to us via the web.

Futures trading is not easy, no need for you to trade all alone. use us and our combined resources and experience.

On a different note, you can read my latest speculation regarding gold futures at:

https://www.equities.com/news/gold-prices-moving-higher-or-taking-a-break

Continue reading “Gold Outlook and Levels 9.19.2017”

Traders Interviews + Levels for 9.14.17

Posted on September 13, 2017September 13, 2017 by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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Visit our Traders Interview page with some good insight after talking to more than a few traders:

https://www.cannontrading.com/traders-interview/

Continue reading “Traders Interviews + Levels for 9.14.17”

Crude Inventories, Unemployment report, Support & Resistance Levels 9.13.2017

Posted on September 12, 2017September 12, 2017 by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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Crude Inventories, Unemployment report, Housing Starts are just a few of the market moving reports we have on weekly basis

The financial market’s volatility attracts many to follow and trade economic events and use this volatility to try and generate profit. Unfortunately, trading isn’t easy. Starting from planning and preparing all the way through the releases, analyzing and trading economic events involves many steps. That is why we at Cannon Trading pick this content for you prepared by BetterTrader.Co

Download this 26 page PDF report, The essential guide to trading economic reports, instantly.

Continue reading “Crude Inventories, Unemployment report, Support & Resistance Levels 9.13.2017”

Rollover notice, Grain Report Video Outlook + Levels for 9.12.17

Posted on September 11, 2017September 11, 2017 by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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Please be advised of these CME key margin changes:

ES, $4620 –> $4950

NQ, $4290–> $4950

RTY (emini Russell on CME), $2,750 –> $3025

SI, $5400 –> $5900

HG, $2750 –> $3150

Front month for e-minis, gold, silver, bonds is December.

VIDEO: Industry experts preview the September 12th Crop Production report focusing in on the Agricultural Markets. Watch video here.

Continue reading “Rollover notice, Grain Report Video Outlook + Levels for 9.12.17”

Rollover notice, Gold Chart and Commentary + Levels for Friday 9.8.17

Posted on September 7, 2017September 7, 2017 by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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Gold is making a move and Rollover day!

Rollover Notice:

Rollover Notice for Stock Index Futures

Important Notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones etc., it is extremely important to remember that we are now rolling over and trading the December contract.

Starting Sept. 8th, the December 2017 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2017 contract as of September 8th. Volume in the Sept. 2017 contracts will begin to drop off until its expiration on Friday Sept. 15th.

The month code for December is Z7.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Friday morning.

Please close any open June Currency positions by the close on Friday the 15th.

Gold chart and commentary:

Many analysts see a major shift happening in the gold market with gold advancing and holding rather comfortably above a key psychological level of $1,300.00 an ounce

Continue reading “Rollover notice, Gold Chart and Commentary + Levels for Friday 9.8.17”

Guide to Choosing a Broker + Futures Trading Levels & Economic Reports for Sept. 7th 2017

Posted on September 6, 2017September 7, 2017 by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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A good piece, worth reading if you are in the stage of looking for a commodity broker for your new trading account or NOT happy with your current one and considering switching…..

How do futures traders go about selecting a futures broker they can be happy with?

By John Thorpe Senior Broker with Cannon Trading

History

A futures trader should find considerable comfort in doing business with a firm that is sound from a regulatory perspective. The Futures trader should ask for the regulatory history of both the firm and the Individual Registered Representative.

There would be a few red flags: 1) The firm is too new to have a history; 2) Several financial settlements in the past are assessed to the Firm; 3) Disciplinary actions have been taken against an Individual Registered Representative.

Availability

Another aspect that a firm should exhibit to a potential futures trading client is the availability of the Individual Registered Representative or the trading staff. Is the individual available while you have market risk? Is the Trading desk available while the markets are open?