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Author: Ilan

CME Group Policy Responses and Outcomes to Pandemic and Support & Resistance Levels 7.14.2021

Posted on by Ilan

Dear Traders,

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Get Real Time updates and more on our private FB group!

Policy Responses and Outcomes to Great Recession and Pandemic

By Blu Putnam, Chief Economist ,CME Group

Lessons from 2008 and 2020
  • ​​​​​​Great Recession began September 2008, equities recovery started in March 2009.
  • Real GDP reached pre-recession peak in Q1 2011, jobs fully recovered in May 2014.
  • Pandemic hit U.S. equities in late February, market recovery began one month later.
  • Real GDP on track to reach or exceed pre-pandemic peak by Q2 2021.
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Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-15-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Micro Crude Oil Webinar Invite & Support and Resistance Levels 7.14.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.
Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday, July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure launching on July 12. Join John Bria, CME Group’s Director of Client Development & Sales, as he discusses the contract specs for Micro WTI Crude Oil futures in greater detail. At 1/10 the size of the benchmark WTI futures contract, the Micro contract offers the same robust transparency and price discovery, but with smaller margin requirements.
Micro WTI Crude Oil future
Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure launching on July 12.

Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-14-2021

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Economic Reports, source: 

 www.BetterTrader.co

616ed29e 2f2c 45a7 a024 2a2299dfa38f

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to the accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

Micro WTI Webinar and Chart Review & Support and Resistance Levels 7.13.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
A good start for MICRO WTI Crude Oil Futures today with close to 18,000 contracts traded on the first day.
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We will have a webinar this Wednesday on the topic of MICRO Crude Oil and a few interesting pointers on possible uses for the smaller contract.
Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures.
**CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.
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Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure launching on July 12.

Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-13-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter #1058 Micro WTI Webinar, FREE Futures eBook & Trading Levels for Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1058

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Get Real Time updates and more on our private FB group!

Introducing Micro WTI Crude Oil Futures

Join us for a webinar on Wed, Jul 14, 2021 12:30 PM – 1:30 PM PDT.
Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures, Futures Trading Levels,
a new tool for managing crude oil price exposure launching on July 12. Join John Bria, CME Group’s Director of Client Development & Sales, as he discusses the contract specs for Micro WTI Crude Oil futures in greater detail. At 1/10 the size of the benchmark WTI futures contract, the Micro contract offers the same robust transparency and price discovery, but with smaller margin requirements.
In This Webinar You Will Learn:
  • The Story Behind WTI Crude
  • Crude Oil Growth
  • Contract Specs
  • Full FAQ Session
SPACE is LIMITED, so reserve your space now!
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Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure launching on July 12.

FREE Futures Forthright Premium eBook

Cannon Trading Is Pleased To Present “Futures Forthright eBook“, Available For Instant Download Written By Cannon Trading Staff
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
• A plan with steps that may lead to success
• Steps Towards Mastering your Day Trading
• The top mistakes traders make daily
• How to handle the market noise
• and much more…..
The futures industry is complex and risky, which is why you need someone to be forthright with you…. Download eBook instantly.
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Risk: 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
Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-12-2021

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Weekly Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

Crude Oil Chart Review & Support and Resistance Levels 7.09.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
A look at the daily crude oil chart below:
If you are a short term or swing trader, use a 4 hour chart and look for lower risk/ higher reward type of set ups.
I would look to go short at upper 74 levels ( 74.88) and I would look to go long at 71.20. Both entries can be used with a small stop.
If you are an option trader look to sell vertical call spreads above 77 and vertical put spreads below the 70 level with 30 days or less to expiration. More on this strategy here.
If you are a day trader, than good news! The CME is launching a MICRO WTI Crude Oil futures which are 1/10 the size and can be used for hedging, “pyramiding positions and more. The new contract will start trading July 12th. More info here.
For now, until I get a close a daily close below 70.97 I favor the long side, a close below 70.97 based on the daily chart will shift the strength to the bear camp.
**CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.
Crude Oil Chart
Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure launching on July 12.
Micro Crude Oil Futures

Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-09-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Support and Resistance Levels 7.08.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.
Here is what our private Facebook members ( private group – free to join)
saw this morning before the open. These past few weeks Al was able to provide guidance with the uptrend both in Crude and SP 500 with very accurate support levels as well as targets. You can join the private group at:
07.07.21 Wednesday insight by Al Bicoff
SCO = STOP CLOSE ONLY
MA= MOVING AVERAGE
GOOD MORNING.
The BOND market continues to signal
DEFLATIONARY PRESSURES which is spooking & confusing the EQUITY market again. Paradoxically, with the Interest rates racing to new lows, the money managers are desperate and struggle to generate yield, which is BULLISH for EQUITIES in the end. It’s the only game in town.
LOWER rates have a BULLISH UNDERTONE for TECHNOLOGY, hence the NASDAQ closing higher yesterday as the DOW and S&P’S closed LOWER.
U S&P
4377.00 is the next OBJECTIVE until
a close below 4300.25 occurs.
KEY MA 4253.75
Bullish undertone above
KEY TREND MA 4209.00
CLOSE BELOW DAMAGES the
SECULAR Bull TREND.
4137.50 is MASSIVE MA SUPPORT
CRITICAL MA SUPPORT!!
4082.00
MUST HOLD!!
U S&P Closed 4334.00 -8.75
ALGO SUPPORT:
4308.50
4300.50 Sell SCO
4291.75
U NASDAQ
LOWER BOND YIELDS POWERING
NASDAQ HIGHER!!
MA SUPPORT:
14,268.00
Bullish bias above
KEY MA SUPPORT
13,891.00 ******
Secular Bull Trend
MUST HOLD!!
MASSIVE MA SUPPORT
13,694.50
CRITICAL MA MUST HOLD!!
13,567.00
U NASDAQ
Closed 14,775.50 +61.75
ALGO SUPPORT:
14,561.00
14,520.00 Sell SCO
14,474.50
Q CRUDE Closed $73.37 -1.79
Q CRUDE
ALGO RESISTANCE:
74.55
73.99 Buy SCO
73.51
72.38 Key MA
69.32 CRITICAL MA
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 when it comes to Futures Trading.
Micro WTI Crude Oil future
Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure launching on July 12.

Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-08-2021

Options On Futures

Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading as well as options on futures.

Webinar Invite: Micro WTI Crude Oil Futures & Support and Resistance Levels 7.07.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.
Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure launching on July 12. Join John Bria, CME Group’s Director of Client Development & Sales, as he discusses the contract specs for Micro WTI Crude Oil futures in greater detail. At 1/10 the size of the benchmark WTI futures contract, the Micro contract offers the same robust transparency and price discovery, but with smaller margin requirements.
Micro WTI Crude Oil future
Webinar Invite: Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure launching on July 12.

Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-07-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter #1057 Fourth of July Trading Schedule; Why Traders Lose Money? & Trading Levels for Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1057

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Get Real Time updates and more on our private FB group!
Wishing all of you a safe, relaxing holiday!
Please see trading schedule below.
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Trading 201: Why do most futures traders lose money and how can you improve your odds?

Watch the 45-minute recorded webinar where Ilan shared some of his observations of why a large percentage of traders lose money trading futures.
*Reasons why most traders lose
*Looking at tools you can utilize and improve your odds
*Review different methods/concepts of trading
*Ilan shares many tidbits that can help variety of traders
*Ilan answers questions
Watch the recorded 45-minute webinar which in our opinion contains some of the most valuable advise both new and advanced traders can utilize
Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-05/06-2021

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Weekly Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

Market Updates, July 4th Trading Schedule & Support and Resistance Levels 7.02.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.
4th of July Holiday Schedule below for your review.
Make sure you are aware of the different hours and which markets are closed Monday, July 5th.
Non Farm Payroll tomorrow at 5:30 Am pacific, 8:30 AM EST. This is a market mover report!
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Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-02-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

July 4th Holiday Trading Schedule & Support and Resistance Levels 7.01.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.
Big moves in some sectors while stock indices have been pretty “sleepy” recently.
Grains snapped higher following USDA planted acres report. At times locked limit up.
I have also seen a bit more volatility in the softs, like Sugar, Cotton and Coffee.
Below you will see Fourth of July trading schedule for your information.
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Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-01-2021

d3d373cd 3343 4ae8 ac85 3e66fc401373

Economic Reports, source: 

 www.BetterTrader.co

3fbbf340 ad79 4713 93c0 e566b22fea54

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.