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Category: Bitcoin Futures

Weekly Newsletter: Bitcoin and Ether Futures + Futures Trading Levels for Oct. 30th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1169

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – FOMC Next Week
  • Trading Resource of the Week – Bitcoin and Crypto Currency Futures
  • Hot Market of the Week – December Heating Oil
  • Broker’s Trading System of the Week – ES Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices – FOMC Meeting and NFP Next Week!

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  • Trading Resource of the Week: Bitcoin & Ether Futures Volume Rises! 

See volume and open interest below article
Trading Bitcoin futures and trading cryptocurrencies directly represent two distinct approaches to engaging with the digital asset market. Each method offers its own set of advantages and disadvantages, catering to different types of traders and investors. In this discussion, we will explore the differences between trading Bitcoin futures and trading cryptocurrencies.
Bitcoin futures represent a derivative financial product that allows traders to speculate on the future price of Bitcoin without actually owning the underlying cryptocurrency. Here are some key points to consider when trading Bitcoin futures:
1.      Regulation and Legitimacy: Bitcoin futures are traded on the Chicago Mercantile Exchange (CME). This provides a high level of valuable legitimacy and oversight for institutional and risk-averse investors.
2.      Leverage and Margin: Futures contracts offer leverage, allowing traders to control a larger position with a relatively smaller amount of capital. While this can amplify profits, it also increases the potential for significant losses.
3.      Risk Management: Futures contracts are standardized and come with risk management tools like stop-loss orders, which can help traders limit their exposure to losses.
4.      Speculative Nature: Trading Bitcoin futures is primarily a speculative activity. It’s more about predicting price movements rather than investing in the long-term potential of Bitcoin as a technology or store of value.
5.      Market Hours: Futures markets have specific trading hours and are closed on weekends. This can limit access to trading opportunities and reactiveness to global events.
6.      Settlement: Bitcoin futures contracts typically settle in cash, which means that traders receive the equivalent value in US dollars at contract expiry, rather than the actual Bitcoin.
Trading Cryptocurrencies:
Trading cryptocurrencies directly involves buying and selling the digital assets themselves on various cryptocurrency exchanges. Here are some key considerations when trading cryptocurrencies:
1.      Lack of Regulation: Cryptocurrency markets are generally less regulated than traditional financial markets. While this offers more freedom, it also exposes traders to potential risks, including fraud and market manipulation.
2.      Volatility: Cryptocurrency markets are known for their extreme price volatility. This can present both opportunities and risks, attracting traders with a high-risk tolerance.
3.       Long-Term Investment: Some traders and investors choose to buy cryptocurrencies with the intention of holding them for the long term, believing in their potential as a store of value, technology, or financial innovation.
4.       24/7 Availability: Cryptocurrency markets operate 24/7, allowing traders to respond to market developments at any time. This can be advantageous for those who want to trade outside traditional market hours.
5.      Security: Trading cryptocurrencies directly also comes with the responsibility of securing your assets in a wallet, protecting them from hacking, theft, and loss.
In summary, the choice between trading Bitcoin futures and trading cryptocurrencies directly depends on an individual’s investment goals, risk tolerance, and trading strategies. Bitcoin futures offer a more regulated and structured approach to speculate on Bitcoin’s price, while trading cryptocurrencies directly provides ownership and exposure to the digital asset’s intrinsic value. It’s essential for traders to carefully assess their preferences and risk profiles before deciding which approach aligns with their objectives. Moreover, diversification within one’s portfolio can also be a prudent strategy to mitigate risks associated with both trading Bitcoin futures and holding cryptocurrencies directly.
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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.
December Heating Oil rallied after completing the second downside PriceCount objective early this month but found tough overhead against the September highs and settled back. At this point, IF the chart can resume its break with new sustained lows, the third count would project a run to the 2.71 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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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.
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  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$9,500
COST
USD 50 / monthly
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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. 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 COMPANY provides 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.
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
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  • Trading Levels for Next Week

Daily Levels for October 30th, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Trading Reports for Next Week
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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.

 

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.

OJ Futures all time highs! + Futures Trading Levels for Oct. 27th

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

What you need to know before the close of the trading week:

By Senior Broker, Mark O’Brien

General: 

 

It will likely be challenging to predict the next stage of the Israel/Hamas war in terms of how broadly it draws in other participants.  For now, diplomatic efforts – negotiating for the release of hostages, calls for a cease fire, bringing humanitarian aid to civilians in Gaza – have toned down the severity of the fighting.  Concurrently, Israel is softening up the opposition by bombing of targets thought to be Hamas military strongholds and the markets are anticipating the launch of a ground war.

 

Even with the conflict entering its 20th day and seeing how commodities have already reacted in that time, the start of ground fighting and/or a broadening of participants would likely see sharper moves in particular futures contracts, i.e., gains in energies, flight-to-quality upward movement in gold and the Swiss franc and even food-related commodities like wheat.  Conversely, equity index futures – U.S. and more broadly – will be vulnerable to draw-downs.  Note that the E-mini Nasdaq already fell into correction territory on Wednesday following the latest tech earnings.

 

Financials: 

 

One instrument at a potential cross-roads – it’s current 6-month / ±$11K per contract decline a dominant catalyst for dragging shares around the world to multi-month lows – is the 10-year T-note futures contract.  Its correspondent benchmark yield is hovering at a 15-yr high of 5%.  Already vulnerable to information on the pace of the U.S. economy, the conflict uncertainty poses a new agitator to the market.

 

Crypto:

 

After trading down to 3-year lows below 15,000 last October, on Tuesday, Bitcoin futures traded through 35,000, a 17-month high, a ±$10,000 move for a Micro Bitcoin futures contract (contract size: 1/50 Bitcoin), a ±$100,000 for the “adult” / Bitcoin futures contract (contract size: 5 Bitcoin).

 

Softs: 

 

With new all-time highs being set all year – almost weekly – orange juice futures (basis Nov.) are poised to break through $4.00/lb. (contract size: 15,000 lbs, 1 cent = $150), more than double its ±$1.85 levels in January, a ±$32,000 per contract move.  Florida orange growers harvested their smallest crop in nearly 90 years, the result of an ill-timed freeze, two hurricanes and the citrus psyllid, a tiny invasive winged insect that has spread citrus greening disease and is laying waste to Florida’s groves.

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Plan your trade and trade your plan.

 

 

 

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.

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Futures Trading Levels

10-27-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

NQ trading at resistance! + PCE & Chicago PMI Tomorrow

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

Last trading day of April tomorrow!

See reports section below:

PCE

Univ. of Michigan

and Chicago PMI tomorrow can inject additional volatility into the market.

Both ES and NQ are trading against intermediate resistance level.

The Coinbase Derivatives Exchange (CDE) Nano Bitcoin and Nano Ether Futures Contracts are now available on E-Futures Int’l trading platform. Cannon Trading, through our clearing partner, StoneX Offers Clients Access to Coinbase Derivatives Exchange Contracts Cleared by Nodal Clear | Business Wire

E-Futures Contract Symbols

Nano Bitcoin = BIT

Nano Ether = ET

Contract Specs

Coinbase_Derivatives_Nano_Bitcoin_Spec_V2.pdf (ctfassets.net)

Coinbase_Derivatives_Nano_Ether_Spec_V2.pdf (ctfassets.net)

Plan your trade and trade your plan. 

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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 when it comes to Futures Trading.

Futures Trading Levels

for 04-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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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.

Nano bitcoin futures and Nano Ether futures + Futures Levels 4.26.2023

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

The Coinbase Derivatives Exchange (CDE) Nano Bitcoin and Nano Ether Futures Contracts are now available on E-Futures Int’l trading platform. Cannon Trading, through our clearing partner, StoneX Offers Clients Access to Coinbase Derivatives Exchange Contracts Cleared by Nodal Clear | Business Wire

E-Futures Contract Symbols

Nano Bitcoin = BIT

Nano Ether = ET

Contract Specs

Coinbase_Derivatives_Nano_Bitcoin_Spec_V2.pdf (ctfassets.net)

Coinbase_Derivatives_Nano_Ether_Spec_V2.pdf (ctfassets.net)

Plan your trade and trade your plan. 

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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 when it comes to Futures Trading.

Futures Trading Levels

for 04-26-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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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.

PPI Tomorrow + 04.13.2023 Trading Levels

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

 

Looking at the last two trading days of the week By Mark O’Brien, Senior Broker:

General: The March Consumer Price Index came in cooler than expected, showing a rise of 0.1% in March. Economists polled by Dow Jones were expecting CPI to rise by 0.2% month over month.

 

Minutes from the Federal Reserve’s March policy meeting showed officials feared that the economy could tilt into a mild recession later this year in the wake of the U.S. banking crisis.

 

Yesterday, Bitcoin futures (BTC) pushed over the $30,000 level for the first time since June 2022. This on the heels of a ±10,000-point move from March 10 when the April contract traded to an intraday low of 19,620 and closed at 20,110.

 

Today, May orange juice futures closed at an all-time high of $2.8490 per pound a remarkable ±80-cent / $12,000 move from late January. This year, the U.S. orange crop is forecast to be the smallest since 1937. Output has generally been in decline since peaking 25 years ago, though this year’s losses in Florida – a global top producer still – are extremely sharp. Yesterday, the USDA pegged the 2022-2023 U.S. orange crop at 62.25 million boxes, an 86-year low and down 23% on the year. That is less than 20% of U.S. output compared to the record 1997-1998 season.

 

May sugar futures traded today to 6 1/2 -year highs and an intraday high of 24.85 cents/pound continuing its months-long charge from the 17-18-cent range (one cent = $1,120). News of lower-than-expected production in some key regions and tightening supplies have persisted into the year.

 

For the seventh consecutive session, June gold has closed above $2,000/ounce. Referencing the Fed minutes mentioned above, economists have cited rising interest rates and now a potentially more acute slowdown in lending after the collapse of several U.S. banks as a possible trigger of a recession this year. The prospect of a U.S. recession boosts safe-haven demand for gold, which has been on a tear since early-March – with a ±$200 per ounce / $20,000 move.

 

Plan your trade and trade your plan. 

 

First Notice and Last trading Days for the month of May below

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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 when it comes to Futures Trading.

Futures Trading Levels

for 04-13-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

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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: Cattle Outlook, Reduced Micro Bitcoin fees + Levels for March 6th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1136

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – Trading MICRO Bitcoin/Ether on a Regulated Exchange
  • Trading Resource of the Week – Educational Videos
  • Hot Market of the Week – Live Cattle
  • Brokers’ Trading System of the Week
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Trading Updates:

The CME fee schedule effective March 1, 2023 has been added on the CME Group fee page.
Just this last November, the U.S. Justice Department announced that two Estonian citizens were arrested for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy. That same month, a notable Chinese venture investor, Bo Shen revealed he lost $42 million worth of crypto as a result of a theft from his personal wallet.
Between then and now, the news of the collapse of crypto platform FTX continues to rattle the world of digital assets. To date, FTX’s customers’ funds are still frozen and they are losing hope they will ever get much back. It’s customers number in the millions. The 50 largest creditors alone are owed more than $3 billion dollars.
It makes you wonder about the safety and integrity of trading crypto assets.
Let this be a reminder that the world’s largest futures and options exchange – the CME Group – offers you a choice for managing cryptocurrency risk with Bitcoin and Micro Bitcoin futures and options as well as Ether futures.
These contracts trade on a regulated exchange where all participants see the same prices and quotes. Participants enjoy true market transparency and price discovery. They all can be easily traded on your supported trading platform.
For more information or a professional consultation, or to try a futures trading platform demo, contact Cannon Trading Co.
Updates effective March 1, 2023 are listed below and highlighted on the schedules:
  • CME Alternative Investment Product Fee Schedules
  • (NEW) Note 4 – Effective through August 31, 2023, the Exchange Fees for all Globex, EFP, EFR, Block and BTIC transactions in Micro Bitcoin Futures will be discounted to $0.70 for members and to $1.00 for non-members.
  • (NEW) Note 5 – Effective through August 31, 2023, the Exchange Fees for all Globex, EFP, EFR, Block and BTIC transactions in Micro Ether Futures will be discounted to $0.07 for members and to $0.10 for non-members.
  • CME Other Fees and Discounts
  • Event Contracts – Cash Settlement Fee waiver extended through August 31, 2023

 

Get access to variety of videos such as trading techniques, trading platforms, trading psychology and more!
Click on the subscribe and get notified as soon as a new video is published!
Below you will see a unique way to customize your E-Futures DOM!
Custom DOM Layout - E-Futures International
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.
PriceCounts – Not about where we’ve been , but where we might be going next!
April live cattle satisfied second upside PriceCounts objective last month and has spent time consolidating since. At this point if the charts can resume its rally with new sustained highs, the third count would project a run to the 171.92 area, very close to the old time high print from the fall of 2014.
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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.
3b644da2 2bee 4d39 8d98 5208a20bec39
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$30,000
COST
USD 65 / monthly
a15816da 1a11 4588 beae cb225a83c131
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for March 6th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

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  • Trading Reports for Next Week

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

Happy Birthday Bitcoin Futures! + Trading Levels 12.22.2022

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

Celebrating five years strong with Bitcoin futures (BTC)

Nearly 10 million contracts traded and counting 

 

For the past five years, Bitcoin futures have provided a regulated, transparent marketplace for cryptocurrency derivatives trading, all backed by CME Group’s time-tested financial safeguards.

 

Since launching in 2017, Bitcoin futures have seen notable growth in volume, open interest and customer participation, paving the way for additions to CME Group’s market-leading Cryptocurrency product suite in 2022 – including options on Micro Bitcoin and Micro Ether futures, 21 new CME CF cryptocurrency benchmarks (most recently on three more DeFi tokens), and more.

 

Looking to learn more about Bitcoin futures?

 

Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

 

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

for 12-22-2022

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

 

 

Economic Reports, Source: 

Forexfactory.com

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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.

Holiday Schedule, Bitcoin Futures + Trading Levels 11.25.2022

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

Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. Blessings to all.

Make sure you are aware of the trading schedule for the markets you trade! Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed Thursday and short hours Friday.

FULL SCHEDULE HERE

Take the Worry out of your Crypto Trading

By Mark O’Brien

This week, the U.S. Justice Department announced that two Estonian citizens were arrested for their alleged involvement in a $575,000,000 cryptocurrency fraud and money laundering conspiracy.

Also this week, a notable Chinese venture investor, Bo Shen revealed he lost $42 million worth of crypto as a result of a theft from his personal wallet. Most of those assets were denominated in US Dollar Coin (USDC), a stablecoin created jointly by fintech company Circle, and crypto exchange Coinbase.

Most notably in the news recently, the collapse of crypto platform FTX continues to rattle the world of digital assets. In this instance, FTX’s customers’ funds on are still frozen, and they are losing hope they will ever get much back. It’s customers number in the millions. The 50 largest creditors alone are owed more than $3 billion dollars.

It makes you wonder about the safety and integrity of trading crypto assets.

Let this be a reminder that the world’s largest futures and options exchange – the CME Group – offers you a choice for managing cryptocurrency risk with Bitcoin and Micro Bitcoin futures and options. With efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform.

Take the worry out of your crypto trading.

A Cannon broker will be able to assist, provide feedback and answer any questions.

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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 when it comes to Futures Trading.

Futures Trading Levels

for 11-24-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers
SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

Economic Reports, Source: 

Forexfactory.com

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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.

Last Trading Day for June + Futures Trading Levels 6.30.2022

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

What You Need to Know Before Trading June 30th by Mark O’Brien:

Grains: The U.S. Department of Agriculture will release its survey of planted acreage for corn, wheat and Soybeans at 11:00 A.M, Central Time. At the same time the agency will also publish data on existing grain stocks
In recent years several large misjudgments have caused big moves in Chicago futures.
Corn will be in the brightest spotlight as just under half of U.S. corn was planted as of mid-May, well below the longer-term average near 70%. One of the big questions the report will spell out is whether high and rising prices were enough to lure producers to plant more corn than intended, or if steep production costs and wet spring weather had them backing off.
Analysts polled ahead of the survey peg U.S. corn plantings at 89.9 million acres, up slightly from 89.5 million in the March survey. U.S. soybean acres are seen landing at 90.4 million in Thursday’s report, still a record but below March’s 91 million-acre peg.
More grains: First Notice Day for grains is tomorrow, June 30. If that escaped your memory and you’re holding long July grains, your clearing firm may be sending you a formal delivery notice. That’s a bona fide headache if you’re not prepared to deliver 5,000 bushels of corn, soybean, wheat or oats – per contract – to the Chicago Board of Trade! If this is you, contact your broker immediately!
Financials: Due to the Dept. of Labor Statistics’ release date rules, this coming first Friday of the month will not see the release of the June unemployment report. The Monday holiday (Independence Day) pushed the report to next Friday, July 8.
Crypto: Coinbase Derivatives Exchange (formerly FairX) launched its first listed crypto derivatives product on June 27, 2022: Nano Bitcoin futures contract (BIT), with each contract sized at 1/100th of a bitcoin. It is a monthly cash-settled contract.

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

06-30-2022

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Economic Reports, Source: 

Forexfactory.com

 

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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.

Spotlight on the Fed / Economy & Futures Support and Resistance Levels 12.16.2021

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

Spotlight on the Fed / Economy

By Mark O’Brien, Senior Broker
Right up to yesterday’s Producer Price Index, the U.S. economy has posted inflation measurements not seen in four decades. And yet, stocks and bonds continue to rally (the latter an inverse relationship to interest rates) and gold and silver remain under pressure.
Reading into this, from the Fed.’s standpoint (and they look at numerous other data points to guide their policy), they have felt they can remain cautious in their stance on raising interest rates – at least until pandemic-related influences on the economy abate (think supply chain shortages and resulting higher demand and prices for goods). With that said, the thinking on rate policy has indeed begun to stir. The argument that inflation is mostly transitory has been challenged – by rising wages and pretty resilient energy prices – a category traditionally kept outside core inflation measurements. It seems the last several FOMC meetings have been deemed the defining moment for the Fed. and their stance for the future of the U.S. economy. Stay tuned.

Introducing Micro Ether Futures

At 1/10 the size of one ether, Micro Ether futures (MET) provides a precision, efficient, cost-effective way to manage your exposure to one of the largest cryptocurrencies in the world by market capitalization.
  • Features & Benefits
  • Fine-tune your Ether exposure
  • Enjoy price discovery on a regulated exchange
  • Lower margin
  • Diversify your portfolio

 

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

12-16-2021

Futures Trading Support and Resistance Levels 12.15.2021

 


Economic Reports, Source: 

https://bettertrader.co/ 

BetterTrader Economic Reports 12.16.2021

 

 

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.