FOMC Tomorrow PLUS: Lunar New Year Notice, Dual Dissent Comparison, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 18th, 2026

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FOMC Approaching!

Lunar New Year Holiday Notice – Hong Kong & China

Please note that February 17–19 is a public holiday in Hong Kong and China in observance of the Lunar New Year.

We wish all our traders across the Far East a Happy Lunar New Year and a prosperous year ahead.

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4721.33 4808.67 4951.53 5028.87 5161.73

Silver (SI)

— Mar. (#SI)

67.88 70.55 74.49 77.16 81.09

Crude Oil (CL)

— Mar. (#CL)

60.43 61.31 62.63 63.51 64.83

 Mar. Bonds (ZB)

— Mar. (#ZB)

117 9/32 117 19/32 118 118 10/32 118 23/32

FOMC Minutes Ahead!

By John Thorpe, Senior Broker

fomc

Tomorrow marks the first time this year investors receive the fed minutes from the January 26-27 meeting. Additional volatility could be the order of the final hours of trading tomorrow as these minutes included 2 dissenting opinions.

Based on FOMC press releases, the eight FOMC meetings in 2025 saw significant divisions, with nine total dissents among 95 votes cast, making unanimous decisions relatively rare. Dissenting votes occurred in multiple 2025 meetings, including two at the July meeting and two at the October meeting, reflecting high disagreement.

In July 2025, a rare dual dissent occurred with two governors opposing a rate decision.

It had been more than three decades since two Federal Reserve Board governors dissented on an interest-rate decision at the same Fed policy meeting for the same reason, two dissenters Bowman and Waller both supported a rate cut (October had 1 governor wanting a .50 point cut while the other dissenter opted for a remail policy what actually happened was a .25 point cut.) Investors treated this news with disappointment generating a nearly 400-point 3-week slide in the S&P 500 index.

That kind of internal division is rare, and markets pay attention to it.

Investors are watching for discussions on inflation, the labor market, and the “one-time” effect of tariffs, which may influence future policy decisions.

According to Mark Spitznagel, Founder and Chief investment officer at Universa Investments,

“The upward momentum in US Equities is likely to persist”

He suggested in an interview that investor exuberance could propel the S&P 500 to 8,000 or beyond before a sharp reversal occurs. As of Tuesday morning, the index was trading close to 6,800.

The Fed Minutes will be released @ 1:00pm CST.

He expressed concern that if the Fed keeps Interest Rates elevated for an extended period, companies may find it difficult to secure funding.

“With the Fed holding steady, markets are likely to anticipate further rate cuts as economic conditions gradually weaken”

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.

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Daily Levels for February 18th, 2026

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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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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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CPI Report Tomorrow PLUS: Silver Down, December Corn, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 13th, 2026

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CPI Report Tomorrow!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4764.40 4851.60 4987.20 5074.40 5210.00

Silver (SI)

— Mar. (#SI)

67.55 71.23 78.05 81.73 88.56

Crude Oil (CL)

— Mar. (#CL)

60.75 61.82 63.46 64.53 66.17

 Mar. Bonds (ZB)

— Mar. (#ZB)

115 17/32 116 12/32 116 28/32 117 23/32 118 7/32
cpi

CPI, Silver, Presidents’ Day

  • Large moves across the board again today! Silver down $9 ( equivalent to $45,000 per contract….)

  • CPI report tomorrow will stir up additional volatility

  • President’s Day holiday is this Monday – Modified Schedule HERE.

  • Tomorrow is Friday the 13th….

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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.

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Dec. Corn

December Corn is completing its second upside PriceCount objective to the 4.64 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. The chart has layers of additional resistance to contend with but if it can sustain further strength, the third count would project a possible run to the 4.73 area which is consistent with a challenge of the November high.

FREE TRIAL AVAILABLE

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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.

Daily Levels for February 13th, 2026

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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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Find us on Trustpilot

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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.

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Upcoming NFP Report (late) and WYNTK PLUS: Employment vs. Household Surveys, March Unleaded Gas, Levels, Reports; Your Important, Can’t-Miss Need-to-Knows for Trading Futures on February 11th, 2026

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NFP 102

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4943.73 5021.37 5066.23 5143.87 5188.73

Silver (SI)

— Mar. (#SI)

76.11 79.77 81.77 85.43 87.43

Crude Oil (CL)

— Mar. (#CL)

61.69 63.03 63.95 62.29 66.21

 Mar. Bonds (ZB)

— Mar. (#ZB)

114 17/32 115 115 11/32 115 26/32 116 5/32

Non-Farm Payrolls (NFP)

nfp

The following is a crash course on the monthly NFP report (Non-Farm Payroll = Employment Situation) – usually NFP comes out on the first Friday of every month.

Due to the partial govt. shutdown, NFP will be out tomorrow morning at 7:30 AM central (was supposed to be released this past Friday same time)

  • When NFP is released the following markets, generally, tend to be affected by the most volatility.
  • Foreign Exchange (Forex) Market: A strong report often strengthens the USD, while a weak report causes it to fall.
  • Bond Market (Fixed Income): Stronger job growth can lead to higher interest rates (yields) as investors anticipate tighter Fed policy, driving bond prices down. Conversely, weak data often causes investors to move to safe-haven Treasury bonds, lifting prices.
  • Stock Market (Equities): Markets often react positively to strong growth, but a very strong report can sometimes hurt stocks if it suggests aggressive interest rate hikes. A weak report can cause declines, but it might also trigger a rally if the market expects the Fed to lower interest rates.
  • Commodity Market (Gold): Gold often reacts inversely to the USD and Treasury yields, acting as a safe haven during economic weakness. 

US January Non-Farm Payrolls data will be released Wednesday morning at 7:30 am CT. Economists are forecasting non-farm payrolls +55,000 compared to December’s month’s +50,000. The January jobless rate is expected at 4.4%. Average hourly earnings are expected up +0.3% month over month, up +3.7% year over year.

The Non-Farm Payroll (NFP) report…

Officially called the Employment Situation — is one of the most important monthly U.S. economic indicators. The Bureau of Labor Statistics (BLS) releases it on the first Friday of each month (covering the prior month) at 8:30 a.m. ET. However, due to the partial U.S. Government shutdown, the BLS is releasing the report tomorrow, Feb. 11th

It gets its name from the establishment (payroll) survey, which tracks paid jobs outside of farming. The full report actually combines two separate surveys with different methodologies, strengths, and focuses.

The Two Core Surveys

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Main Components of the Report

1. Headline Nonfarm Payroll Employment Change (Establishment Survey)

  • The most-watched number: Net change in total nonfarm payroll jobs (e.g., +50,000 or -100,000).
  • Often broken out as:
  • Total nonfarm
  • Private nonfarm (excludes government)
  • Revisions to the prior 1–2 months are very common and can be large (tens or even hundreds of thousands).

2. Industry Sector Breakdown (Establishment Survey)

This is one of the most valuable parts. Table B-1 shows detailed job gains/losses by sector. Major categories include:

  • Goods-producing: Mining, Construction, Manufacturing
  • Service-providing: Retail Trade, Wholesale Trade, Transportation & Warehousing, Information, Financial Activities, Professional & Business Services, Education & Health Services (especially Health Care), Leisure & Hospitality (food services & drinking places are big), Other Services
  • Government (federal, state, local)

Markets watch which sectors are driving the total (e.g., health care and leisure/hospitality often add jobs steadily; manufacturing and retail can be volatile).

3. Wage and Hours Data (Establishment Survey)

  • Average Hourly Earnings (all private nonfarm employees) — month-over-month and year-over-year % change. This is a key inflation signal.
  • Average Weekly Hours worked (total private, manufacturing, etc.).
  • Overtime hours in manufacturing.

Strong wage growth can be hawkish for the Fed (potential rate hikes or delayed cuts).

4. Unemployment Rate and Labor Force Metrics (Household Survey)

  • Official Unemployment Rate (U-3): Unemployed as a percentage of the labor force.
  • Labor Force Participation Rate
  • Employment-Population Ratio
  • Broader measures (sometimes referenced): U-6 (includes underemployed and discouraged workers)
  • Demographic details (by age, sex, race/ethnicity)
  • Part-time for economic reasons, long-term unemployed, discouraged workers

5. Other Notable Elements

  • Annual benchmark revisions — released once a year (usually February/March data) — can revise the entire previous year significantly.
  • Birth-Death Model — statistical adjustment for new business formations and closures not yet captured in the sample.

Seasonal adjustment — all headline numbers are seasonally adjusted to remove predictable patterns (holidays, school cycles, weather, etc.).

Quick Summary of What Traders and Economists Focus on Most:

  1. Headline NFP (jobs added/lost)

  2. Unemployment rate

  3. Average hourly earnings (wage growth)

  4. Revisions to prior months

  5. Sector details (where the jobs are coming from)

 

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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.

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March RBOB (Unleaded Gas)

March Unleaded Gasoline is poised for a challenge of last summer’s high. The original upside PriceCounts off the ‘Liberation Day’ low are still valid. At this point, new sustained highs would project a possible run to the third count to the 2.17 area.

FREE TRIAL AVAILABLE

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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.

Daily Levels for February 11th, 2026

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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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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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Futures Traders: What YOU Need to Know for the Week ahead PLUS: NFP Wednesday, Iran, New Crypto and Gold Contracts, Levels, Reports; Your Weekend Guide of Important Can’t-Miss Need-To-Knows for Trading Futures the Week of February 9th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1277

  • The Week Ahead – NFP Wednesday< Heavy Earnings, Iran

  • 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-May Beans Spread

  • 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)

4554.63 4764.87 4880.23 5090.47 5205.83

Silver (SI)

— Mar. (#SI)

58.93 67.98 72.95 82.00 86.97

Crude Oil (CL)

— Mar. (#CL)

61.03 62.24 63.41 64.62 65.79

 Mar. Bonds (ZB)

— Mar. (#ZB)

114 23/32 115 4/32 115 19/32 116 116 15/32

What Futures Traders Should Watch This Week

By Ilan Levy-Mayer, VP

futures

The week ahead brings a mix of catalysts that could keep volatility elevated across major futures markets.

Equity index futures may stay choppy as earnings season continues, while key U.S. economic releases—especially the jobs report and ISM data—could influence rate expectations and drive sharp moves in bonds, metals, and currencies.

Keep in mind NFP (Non-Farm Payroll) is due out this Wednesday!

Gold and silver remain sensitive to macro headlines, with recent volatility suggesting more two‑sided trade ahead.

In energies, crude and natural gas continue to react quickly to geopolitical developments and shifting supply expectations.

Bottom line: this is a week where disciplined risk management matters. With multiple market drivers hitting at once, traders should be prepared for fast moves and wider intraday ranges.

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.

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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-May Bean Spread

The March – May Soybean Spread broke down to a new low where we satisfied the second downside PriceCount objective to the -14.5 area. Now, we are responding with a possible corrective trade higher. At this point, if the chart can resume its break with new sustained lows, the third count would project a possible slide to the -17.75 area.

 Learn more spreads and seasonal patterns in commodity futures HERE

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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.

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

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Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

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 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. 9th, 2026

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Trading Reports for Next Week

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

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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.

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Swinging Metals! Silver High to Low PLUS: Volatility, Bitcoin/Crypto, March Soybeans, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on February 6th, 2026

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Swinging Metals!

Higher Volatility Across the Board – No NFP Report Tomorrow!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4654.03 4743.07 4894.03 4983.07 5134.03

Silver (SI)

— Mar. (#SI)

59.82 66.46 78.15 84.79 96.48

Crude Oil (CL)

— Mar. (#CL)

61.52 62.41 63.54 64.43 65.56

 Mar. Bonds (ZB)

— Mar. (#ZB)

113 30/32 114 24/32 115 6/32 116 116 14/32

metal

Metals – Silver

The metals markets delivered another jolt today, with silver swinging more than $90,000 per contract from high to low!

Gold

Gold followed with outsized ranges of its own, while equity index futures continue to show elevated intraday volatility.

Bitcoin/Crypto

Bitcoin, micro bitcoin, ether and the rest of the family witnessed a large decline as well and you can see a weekly chart of the Bitcoin futures below as we approach a meaningfull level.

!!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.

The good liquidity in the different MICRO products across the board makes them a great tool for reduced position size and/ or utilize for possible hedge as needed.

NO NFP (Non-Farm Payroll)

HEADS UP: No NFP report tomorrow which is usually the first Friday of the month due to the partial govt. shutdown – right now it is scheduled to come out Wednesday, Feb. 11th at 7:30 AM Central.

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

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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.

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May Soybeans

May Soybeans stabilized and established a sideways range trade after completing the second downside PriceCount objective. Now, the chart has shifted its formation back to the topside and is activating upside counts where the first objective projects a run to the $11.32 area. It takes a trade above the December reactionary high to formally negate the remaining unmet downside counts.

FREE TRIAL AVAILABLE

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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.

Daily Levels for February 6th, 2026

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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.

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All times are Central Time ( Chicago)

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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.

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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

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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.

S
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
c4c25743 52f4 4f78 b0ca 145f774c2aab
ece8367d 8128 48aa ab34 12a3fa763742

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.

6fe2ffbf a651 4cbb 9994 e8b751d9a6d8

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.

Daily Levels for February 3rd, 2026

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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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Find us on Trustpilot

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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.

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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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

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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.

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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.

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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

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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.

Daily Levels for January 28th, 2026

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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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Find us on Trustpilot

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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.

Join our Private Facebook group

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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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

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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
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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.

8950faf6 2355 479a a86b 572723661fa6

FREE TRIAL AVAILABLE

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.

Daily Levels for January 27th, 2026

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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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Find us on Trustpilot

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Triple Lever Stimulus PLUS: Weekly Copper, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on January 22nd, 2026

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2026 is Underway – What’s Ahead?

By Gal Levy, Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Feb(#GC)

4691.53 4759.97 4825.53 4893.97 4959.53

Silver (SI)

— Mar. (#SI)

87.36 89.96 92.74 95.34 98.12

Crude Oil (CL)

— Feb (#CL)

58.59 59.61 60.26 61.29 61.93

 Mar. Bonds (ZB)

— Mar (#ZB)

113 18/32 114 7/32 114 22/32 115 11/32 115 26/32

The “Triple Lever” Stimulus and Economic Resilience from:

www.galtrades.com

triple lever

Historically, new Federal Reserve chairs face an early “test” from the market. Data over the last century suggests that these transitions often coincide with a market correction averaging 15%. While past performance is never a guarantee of future results, it remains a significant historical trend for investors to consider.

The Coordination of Economic Levers

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.

Analysis from Jan Hatzius (Goldman Sachs)

On a recent Exchanges at Goldman Sachs podcast, Jan Hatzius noted several tailwinds for the U.S. economy:

  • Trade: Tariffs are no longer acting as a     primary drag.
  • Consumer Support: Tax cuts and strong     refunds are bolstering household spending.
  • Business Investment: Firms can now fully     depreciate equipment and plants, providing significant “physical     help” to the business sector.
  • Monetary Policy: Easing conditions are     expected to support a steady growth pace.

Hatzius does not anticipate a meaningful tightening in the labor market. However, he cautioned that a 0.5% increase in the unemployment rate is a historically reliable (though not guaranteed) indicator of an impending recession.

Corporate Health and Sectoral Trends

While GDP remains strong, the National Income and Product Accounts (NIPA) profit report—which covers a broader range of companies than just those on the S&P 500—paints a more nuanced picture. Earnings growth there has been anemic:

  • H1 2025: Growth was in negative territory.
  • Q3 2025: Growth marginally turned positive.
  • 2026 Outlook: Investors are waiting to see     if this recovery gains momentum.

Currently, investors are rotating into cyclicals, industrials, and materials. While manufacturing has faced a “sectoral recession” (as evidenced by the ISM Manufacturing Index), the broader economy’s strength relies on a resilient labor market and robust consumer spending.

Key Indicators to Watch This Week

To gauge the trajectory of the economy and the impact of current policies, the following data points are critical:

  1. Jobs Report: Looking beyond the headline     numbers for the “fine print” on labor participation and wage     growth.
  2. Productivity Data: A key measure of     long-term economic health.
  3. Import/Export Prices: Serving as a proxy     for the ongoing effects of tariff policies.
  4. J.P. Morgan Healthcare Conference: Often a     catalyst for movement in the biotech and pharma sectors.

If the cost of capital continues to decrease, we can expect a significant boost in the housing and automotive sectors, further stabilizing the current expansion.

FUTURES:

1. Equity Futures: S&P 500 (ES) & Nasdaq 100 (NQ)

  • Fundamental: Investors are pricing in a     “perfect growth scenario” driven by the coordination of fiscal     and credit stimulus. However, the NIPA profit report shows that     while public tech giants are thriving, the broader economy’s earnings are     anemic, creating a divergence between the “headline” and the     “foundation.”
  • Technical: The S&P 500 futures recently     tested psychological resistance near 7,000.
  • Support: Immediate support sits at 6,885.      A break below 6,730 would signal a “lower low,”      potentially confirming the 15% historical “New Fed Chair”      correction you mentioned.
  • Resistance: Bulls are pushing for a      sustained break above 7,000 to extend the rally.

2. Interest Rate Futures: 10-Year Treasury Note (ZN)

  • Fundamental: The “Fed Test” is     most visible here. The 10-year yield has jumped to 4.29% (the     highest since August), reflecting market skepticism about the Fed’s     ability to cut rates further while the White House pushes for aggressive     stimulus.
  • Technical: Ultra 10-year futures are     trading in a tight range near 114’085.
  • The Play: Traders are watching the 114.75      level; a failure to hold here suggests that bond markets expect      “higher for longer” rates despite political pressure for      easing.

3. Energy Futures: WTI Crude Oil (CL)

  • Fundamental: Oil is under pressure due to a     projected supply surplus of nearly 4 million barrels per day by the     IEA. While geopolitical risks (like the “Venezuela Shock”)     provide temporary spikes, the fundamental “glut” is the dominant     narrative.
  • Technical: Crude is currently in a bearish     descending channel that began in late 2025.
  • Key Level: It is struggling to hold the $60.00      barrier. A confirmed close below $55.00 opens the door for a slide      toward $49.00, which aligns with a 160-year historical trendline.

4. Metals Futures: Gold (GC)

  • Fundamental: Gold is the star performer of     2026 so far, acting as a hedge against “monetary instability”     and concerns over Federal Reserve independence. Central banks (China,     India, Turkey) continue to be aggressive buyers.
  • Technical: Gold recently smashed through     the $4,550 level.
  • Outlook: It is currently      “overbought” but lacks bearish divergence. Analysts are      targeting the 161.8% Fibonacci extension at $4,712 for the      remainder of Q1.

OUTLOOK:

Fundamental: overall I think the equity market is overbought in the short term. The SPX broke the 50 DMA and closed below the average. In past corrections the 50 DMA was a buying signal, it will be interesting to see how this plays out this time around.

Europe has been lowering short term rates for a while and the long term rates have gone up, will that scenario play out in the US markets as well?

Trading commodity futures, Stocks, ETF, Bonds, Options and any other financial derivative involves a substantial risk of loss.

The information here is of opinion only and do not guarantee any profits. Past performances are not necessarily indicative of future results.

S

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.

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Weekly Copper

Copper prices have tripled since making a bottom in early 2016. Now, the weekly chart is taking aim at its third upside PriceCount objective to the 6.69 area where it would be normal to get a reaction in the form of a consolidation or corrective trade, at least. The low percentage fourth count to the 11.59 area is not shown here for presentation purposes.

FREE TRIAL AVAILABLE

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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.

Daily Levels for January 22nd, 2026

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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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Find us on Trustpilot

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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.

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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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MLK Day Fast Approaching PLUS: Cannon Edge, March Corn, Levels, Reports; your 5 Important Can’t Miss Need-To-Knows for Trading Futures on January 16th, 2026

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Last Trading Day of the week, MLK Schedule

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Feb(#GC)

4558.80 4586.80 4612.00 4640.00 4665.20

Silver (SI)

— Mar. (#SI)

83.16 87.77 90.74 95.35 98.31

Crude Oil (CL)

— Feb (#CL)

57.33 58.14 59.58 60.39 61.83

 Mar. Bonds (ZB)

— Mar (#ZB)

115 25/32 115 30/32 116 9/32 116 14/32 116 25/32

 Monday we will observe MLK Holiday here in the US!

mlk

Most markets are open but with modified schedule, please visit full details here.

  • Housing numbers and Fed speakers to dominate tomorrow’s schedule along with any possible geopolitical developments.
  • Heads up precious metals futures traders. Did you know CME Group offers a 1-oz. gold futures contract? That’s right: a gold futures contract that’s one hundredth the size of the main 100-contract. This is a cash-settled contract. You can’t take physical delivery of the one ounce of gold from which the contract is derived, but it offers a lower-margin product to trade gold.

Each $1 move in the contract is equal to a $1 move. It moves in $0.25 increments.

CME Group’s full contract specifications

The current initial margin requirement is $253.

Contact your Cannon Trading Co. broker for FCM availability and platform symbol.

S

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.

b597c6d0 a98f 4c3f 9394 b876b1fc6b8d

March Corn

March Corn activated fresh downside PriceCount objectives on the sharp break and satisfied the first objective in the process. The chart is correcting but if we can resume the slide with new sustained lows, the second count would project a run to the $4.14 area which is consistent with a test of the August contract low.

FREE TRIAL AVAILABLE

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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.

Daily Levels for January 16th, 2026

6935699e 90cc 41e1 bf50 da7074a9d17a

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)

ea323417 a219 4e8a 9df2 827284511701

Find us on Trustpilot

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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