Cannon Futures Weekly Letter

In Today’s Issue #1291

• The Week Ahead – Memorial Day, Earnings, Middle East Smoke Clearing?

• Memorial Day Trading Schedule

• Futures 102 – The Daily Briefing – What the Pros Know Before Trading

• December Cotton Chart & Outlook

• Cannon Edge – Your Futures trading Map for the week ahead!

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

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

Memorial Day Monday-Honoring those who have given the ultimate sacrifice, since 1868.

Cannon Trading wishes everyone a safe and memorable holiday weekend!

For all of the energy traders who follow here, some of the standard weekly reports that you count on have shifted. The Tuesday afternoon weekly API Crude Stock change will be Wednesday afternoon,

The EIA Crude Oil stocks report is being moved to Thursday @ 11:00 am, this will be after the normally scheduled EIA Nat. Gas report @ 9:30 am.

For all the Metals and Interest rate traders, please roll out of your June positions to the deferred months. Reason? First notice of delivery is Friday,

As for Data? Core PCE and GDP estimates are worth paying attention to.

Under the Bull or Bear category.

We can trade either side of the market and prepare for volatility. On Tuesday, reach out to your broker for trading ideas. Bull or Bear, you really shouldn’t care.

Is the smoke clearing in the Mid-East and the markets have a renewed sense of confidence?

The energy and metals are swirling in the uncertainty of a lack of resolution in the attempted unwinding of the Iranian nuclear program.

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

Plan your trade and trade your plan!

Earnings Next Week:

·        Mon. Quiet~Memorial Day

·        Tue. Zscaler, Modine Manufacturing

·        Wed. SalesForce, PDD Holdings, Agilent

·        Thu. Dell, Autodesk, DollarTree

·        Fri.  Buckle

FED SPEECHES: (all times CDT)

·        Mon. Quiet~Memorial Day

·        Tues.  Quiet

·        Wed. Quiet

·        Thu.  Quiet

·        Fri.  Quiet

Econ Data:

·        Mon. Quiet Memorial Day

·        Tue. Chicago Fed Activity Index, S&P/ Case Schiller Home Price, CB Consumer Confidence, Dallas Fed Manufacturing Index, API Crude Stock Change

·        Wed. ADP Employment Change Weekly, Redbook, Richmond Fed, Dallas Fed, API Crude stock Change

·        Thu.  Core PCE, Durable Goods, GDP Growth 2^nd estimate, Initial Jobless claims, New Home sales, EIA Nat Gas Stocks 9:30 am CDT, EIA Crude Stocks 11:00 am CDT, consumer credit change

·        Fri. Retail Inventories, Wholesale Inventories, CHGO PMI, Baker Hughes Oil Rig Count

Memorial Day (Mon, May 25th) Holiday Trading Schedule:

Interest Rates

Sunday – 5:00 PM CT Open

Monday – 12:00 PM CT Halt

5:00 PM CT Re-Open

Energy

Sunday – 5:00 PM CT Open

Monday – 1:30 PM CT Halt

5:00 PM CT Re-Open

Equities

Sunday – 5:00 PM CT Open

Monday – 12:00 PM CT Halt

5:00 PM CT Re-Open

Grains

Sunday – Closed

Monday – Closed

7:00 PM CT Re-Open

FX

Sunday – 5:00 PM CT Open

Monday – 4:00 PM CT Close

5:00 PM CT Re-Open

Metals

Sunday – 5:00 PM CT Open

Monday – 1.30 PM CT Halt

5:00 PM CT Re-Open

Livestock

Monday – Closed

Tuesday 8:30 AM CT Re-Open

Dairy

Monday – Closed

5:00 PM CT Re-Open

Cryptocurrencies

Sunday – 5:00 PM CT Open

Monday – 4:00 PM CT Close

5:00 PM CT Re-Open

Sugar, Coffee, Cotton, Cocoa, FCOJ

Monday – Closed

Tuesday – Regular Hours

Canola

Monday – Regular Hours

U.S. Dollar Index

Monday – Regular Hours

Click IMAGE BELOW FOR FULL DETAILS AND LARGER IMAGE

Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that (100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing HERE and make sure to Bookmark this page!

December Cotton

December Cotton satisfied its low percentage fourth upside PriceCount objective this month. Now, on the correction lower the chart is activating downside counts. The first objective points a possible slide to the 74.78 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.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & much more!

Highly recommended for HEDGERS!

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for May 25-26th 2026

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 CQG.

Daily Levels for May 25-26th 2026

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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