Whether a person or a firm, a commodity broker is there to help you with your commodity trading needs. They either have a team of commodity traders under them or a platform that they manage electronically.
For all commodity trading beginners, commodity brokers are a point of contact that can be approached with individual commodity trading needs. To do good in commodity trading, it is important to take the advice of the commodity broker seriously. Under this category archive we discuss everything about commodity brokers and their expert skills.
We at Cannon Trading are there to help your commodity trading requirements. Whether you want to consult us and seek advice or to play a more active role for you in the markets, we are there to serve you with the best of our services. It is essential for you to choose only a certified broker and so, you can always trust us when it comes to qualifying on all quality parameters. No matter which commodity interests you, our trading experts give you the right and real-time advice always. Read our archive; share posts with your friends; or bookmark this page to stay up-to-date on commodity brokers.
Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
Movers and shakers!
By John Thorpe, Senior Broker
Three trading days removed from Contract Highs in the U.S. Dollar index @ 109.325 basis the March 2025 contract and a 2 full cent retracement yesterday, the bulls certainly appear to be control of this market with a close today near the session highs @ 108.40. The value of the dollar has numerous implications for our export markets, as the dollar becomes stronger the cost of goods become more expensive.
High Dollar values over the long term usually do not not bode well for commodity prices. Needless to say, the energy complex looks strong today with spot Feb WTI up .85 cents, nearing the $75 /bbl mark after being in the 60’s just 10 days ago.
The Grain market has nearly a mirror inverse image basis the daily charts compared to the U.S Dollar index. With one exception, The corn market.
Just an observation, the precious metals market have struggled to make new highs or even break above their 3 month Mid range price levels as the U.S. Dollar strength has been a main feature affecting the commodity markets.
The U.S Dollar is considered a safe haven.
Today’s Movers
Today’s News:
Updated: January 7, 2025 9:02 am
Institute of Supply Management (ISM) US Service Sector Headline Recap
**ISM US December Service Sector Composite Index: 54.1 ; expected 53.4 ; prior month 52.1
**ISM US December Service Sector Business Activity: 58.2 vs prior month 53.7
**ISM US December Service Sector Employment: 51.4 vs prior month 51.5
**ISM US December Service Sector New Orders: 54.2 vs prior month 53.7
**ISM US December Service Sector Prices Paid: 64.4 vs prior month 58.2
Updated: January 7, 2025 9:02 am
**US November 2024 Job Openings and Labor Turnover Summary (JOLTS): 8.098 mln; prior month 7.744 mln
US weekly jobless claims will be released at 7:30 am CT Wednesday morning, a day earlier than normal due to the funeral for former Pres. Carter, initial claims are expected at 215,000, up +4,000 from the prior week.
Watch Tomorrow’s Movers and Shakers:
7:30 AM CST Waller Fed Speech
ADP December US Private Sector jobs net change data will be released Wednesday morning around 7:15 am CT. Analysts expect job gains of +136,000 that’s off 100,000 from the previous month’s +146,000.
11:00 AM CST FOMC minutes from the December Rate decision
Both crude oil and natural gas numbers are out tomorrow!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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.
Copper futures contracts have long been a cornerstone of the commodities market, reflecting the vital role copper plays in global industries, from construction to electronics. The evolution of copper futures and other precious metals futures contracts, such as silver and gold, demonstrates the growing sophistication of futures trading and the vital role these instruments play in global financial markets. This essay explores how these contracts have developed, highlights key real-life examples, provides hypothetical scenarios, and examines why Cannon Trading Company stands out as a premier brokerage for trading copper futures contracts and other precious metals futures.
The Evolution of Copper Futures Contracts
Copper has been a critical material in human development for thousands of years. Its industrial importance, however, surged during the 19th and 20th centuries with the advent of widespread electrification and urbanization. Recognizing copper’s growing economic significance, financial markets began creating instruments to manage price risks associated with its production and consumption. The introduction of copper futures contracts on the London Metal Exchange (LME) and later on the COMEX (a division of the CME Group) revolutionized the way producers, consumers, and investors interacted with this metal.
Initially, copper futures contracts were primarily used by miners and manufacturers to hedge against price volatility. For instance, a mining company might sell copper futures to lock in a price for its future production, while an electronics manufacturer might buy futures to secure raw materials at a predictable cost. Over time, speculators and institutional investors entered the market, adding liquidity and enabling the development of more complex trading strategies.
The rise of electronic trading in the late 20th century further transformed the landscape of copper futures. Platforms like CME Globex allowed traders worldwide to access copper futures contracts seamlessly, increasing market participation and transparency. These advancements mirrored changes in the silver and gold futures markets, which also transitioned from being dominated by industrial users to attracting diverse participants, including retail traders and hedge funds.
Case Studies and Real-Life Examples
One of the most famous examples of copper futures trading is the Sumitomo Corporation scandal of the 1990s. Yasuo Hamanaka, a trader at Sumitomo, attempted to corner the global copper market by manipulating copper futures prices. Over nearly a decade, Hamanaka’s actions led to massive price distortions, ultimately causing Sumitomo to lose over $2.6 billion when his scheme unraveled. This event highlighted both the power and the risks associated with trading futures and led to stricter regulatory oversight.
In a more positive example, consider the use of copper futures by Tesla, Inc. to manage its costs. As a major consumer of copper for electric vehicle production, Tesla strategically uses futures contracts to hedge against price fluctuations. By locking in copper prices, Tesla can ensure stable production costs, even when market conditions change unexpectedly.
Similar strategies are employed in the gold and silver futures markets. For instance, during the COVID-19 pandemic, many investors turned to gold futures as a safe haven, driving prices to record highs. This shift demonstrated how futures contracts can serve as both risk management tools and speculative opportunities in times of economic uncertainty.
Hypothetical Trading Scenarios
To illustrate the practical application of copper futures contracts, let’s consider a hypothetical scenario involving a construction company. Suppose the company has a major project scheduled to begin in six months, requiring substantial copper supplies. Fearing potential price increases, the company decides to purchase copper futures contracts to lock in current prices. If copper prices rise as expected, the company’s futures position offsets the increased costs of purchasing physical copper, effectively stabilizing its budget.
On the speculative side, imagine an experienced trader analyzing market trends and predicting a decline in copper prices due to an anticipated economic slowdown. The trader might sell copper futures contracts, aiming to profit from the price drop. If the trader’s prediction is correct, they can buy back the contracts at a lower price, pocketing the difference as profit.
The same principles apply to silver and gold futures trading. A jeweler, for instance, might buy silver futures to hedge against rising material costs, while a day trader might speculate on short-term movements in gold prices. These examples underscore the versatility of futures contracts in catering to a wide range of market participants.
Why Cannon Trading Company Is an Ideal Brokerage
Cannon Trading Company has built a stellar reputation as a go-to brokerage for trading copper futures contracts and other precious metals futures. Several factors contribute to its appeal, making it an excellent choice for traders of all experience levels.
Wide Selection of Free Platforms
Cannon Trading offers access to a broad array of free trading platforms, catering to diverse trading styles and preferences. Whether you’re a beginner looking for user-friendly software or a seasoned trader requiring advanced charting tools, Cannon’s platform selection ensures that you have the resources needed to succeed in the futures market. This flexibility is particularly valuable when trading copper futures contracts, where real-time data and technical analysis can make a significant difference in decision-making.
Exemplary Reputation and Regulatory Compliance
Cannon Trading’s decades of experience in the futures markets have earned it a 5 out of 5-star rating on TrustPilot, reflecting high customer satisfaction. Moreover, the company’s adherence to strict regulatory standards ensures that traders can trust the integrity of its operations. This commitment to transparency and accountability is crucial in the futures trading industry, where reliability and ethical practices are paramount.
Support for Traders of All Levels
Whether you’re new to futures trading or a seasoned professional, Cannon Trading provides comprehensive support to help you achieve your goals. For beginners, the company offers educational resources and personalized guidance to build confidence in trading copper, silver, and gold futures contracts. Experienced traders benefit from access to advanced tools, competitive commission rates, and expert market insights.
Competitive Edge in Precious Metals Trading
Cannon Trading’s expertise extends beyond copper futures to include silver and gold futures, giving traders the opportunity to diversify their portfolios within the precious metals market. By offering tailored solutions for each metal, Cannon ensures that traders can capitalize on market opportunities while managing risks effectively.
The Role of Futures Trading in Modern Markets
The evolution of copper futures contracts and their counterparts in silver and gold highlights the critical role these instruments play in modern financial markets. Futures trading provides essential benefits, including price discovery, risk management, and market liquidity. For industrial users, futures contracts are indispensable tools for stabilizing costs and ensuring predictable operations. For speculators and investors, they offer opportunities to profit from price movements and hedge against broader economic risks.
The growth of futures trading has been facilitated by technological advancements, regulatory improvements, and increased market access. Today, traders can execute complex strategies with unprecedented speed and efficiency, thanks to platforms like those offered by Cannon Trading Company. These developments have democratized access to futures markets, empowering individuals and institutions alike to participate in global commodity trading.
Copper futures contracts, alongside silver and gold futures, have evolved significantly over the years, reflecting broader changes in the financial markets. From their origins as hedging tools for industrial users to their current status as versatile instruments for a wide range of traders, these contracts have become indispensable components of the global economy. Real-life examples, such as the Sumitomo scandal and Tesla’s hedging strategies, underscore the power and complexity of futures trading.
For traders seeking to navigate the complexities of copper futures contracts and other precious metals futures, Cannon Trading Company stands out as a trusted partner. With its wide selection of free platforms, top-tier reputation, and unwavering commitment to regulatory compliance, Cannon Trading provides the tools and support needed for success in the futures markets. Whether you’re trading copper, silver, or gold, Cannon Trading offers the expertise and resources to help you achieve your financial goals.
Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.comto speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.
Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.
This article has been generated with the help of AI Technology and modified for accuracy and compliance.
Coffee futures, a type of futures contract trading, have long been a staple in the soft commodities market. They allow traders to speculate on the price movements of coffee, one of the most widely consumed beverages globally. Futures contracts for coffee were introduced to provide price stability for producers and consumers. Over time, they evolved into a tool for futures traders seeking profits from price volatility.
The origins of coffee futures trace back to the early 20th century when coffee-producing countries sought ways to stabilize the volatile coffee market. In the 1920s, Brazil, the world’s largest coffee producer, played a pivotal role in developing mechanisms to manage price fluctuations. This effort laid the groundwork for coffee’s introduction to the global futures market.
Advantages of Trading Coffee Futures
Price Transparency and Liquidity
Coffee futures provide a transparent pricing mechanism influenced by global supply and demand dynamics. This transparency benefits futures traders by offering clear entry and exit points for trades. Additionally, coffee futures markets, such as those on the Intercontinental Exchange (ICE), are highly liquid, enabling traders to execute large trades without significantly impacting prices.
Hedging Opportunities
Futures trading offers robust hedging opportunities. Coffee producers can lock in future prices to mitigate risks associated with fluctuating market conditions. Similarly, companies reliant on coffee as a raw material can hedge against rising prices to protect profit margins. For instance, a coffee shop chain might use futures contracts to secure a stable cost of coffee for a year, ensuring predictable operating expenses.
Speculative Potential
The volatility inherent in coffee prices makes it an attractive asset for speculative trading. Factors such as weather conditions, geopolitical events, and currency fluctuations can cause significant price swings, presenting futures traders with opportunities to profit.
Disadvantages of Trading Coffee Futures
High Volatility
While volatility can be advantageous for speculative futures trading, it also poses substantial risks. Price swings driven by unpredictable factors like droughts, floods, or political instability can lead to significant losses. For example, a futures trader who goes long on coffee futures during a predicted supply shortage may face unexpected losses if a bumper crop suddenly boosts supply.
Complexity and Leverage
Futures contract trading is inherently complex and requires a deep understanding of market dynamics. Leverage amplifies both gains and losses, making it possible to lose more than the initial investment. Novice traders often underestimate these risks, leading to financial distress.
Market Manipulation Risks
Soft commodities like coffee are vulnerable to market manipulation. Large market participants can influence prices, potentially disadvantaging smaller futures traders. For instance, coordinated efforts by major players to stockpile coffee can artificially inflate prices, impacting futures contract values.
Real-Life Anecdotes and Case Studies
The 1975 Brazilian Frost
One of the most notable events in the history of coffee futures was the 1975 Brazilian frost. A severe freeze wiped out a significant portion of Brazil’s coffee crop, leading to a dramatic price surge. Futures traders who anticipated the frost’s impact reaped substantial profits, while those caught on the wrong side of the trade suffered heavy losses. This event highlighted the importance of weather monitoring in coffee futures trading.
Hypothetical Scenario: Hedging with Coffee Futures
Imagine a medium-sized coffee roaster anticipating a rise in coffee prices due to projected adverse weather conditions in Colombia. The company enters into a futures contract to buy 10,000 pounds of coffee at $1.50 per pound, locking in the price. When the market price later rises to $2.00 per pound, the roaster avoids the increased cost, saving $5,000. This hypothetical example underscores how futures trading can protect businesses from price volatility.
Anecdote: A Futures Trader’s Journey
Sarah, a novice futures trader, started trading futures contracts in 2015. She initially faced challenges understanding the nuances of soft commodities like coffee. After attending a seminar by Cannon Trading Company, she gained insights into advanced trading strategies and risk management. By leveraging the educational resources and top-performing trading platforms provided by Cannon Trading, Sarah transitioned from learning lessons to confident, informed trading within two years.
The Role of Cannon Trading Company in Futures Trading
Cannon Trading Company has established itself as a trusted partner for traders of all experience levels. With decades of experience in the futures markets, it offers an exemplary combination of technology, expertise, and customer support. Let’s explore why this firm stands out:
Top-Performing Trading Platforms
Cannon Trading provides a wide selection of trading platforms tailored to different trading styles and experience levels. Whether you are a beginner seeking user-friendly tools or an advanced futures trader requiring sophisticated analytics, their platforms cater to all needs. For instance, their Sierra Chart platform offers advanced charting tools and algorithmic trading capabilities.
Unparalleled Customer Support
Cannon Trading’s team of experienced futures brokers is committed to providing personalized support. From onboarding new clients to offering market insights, their proactive approach ensures traders feel supported at every step of their journey.
Regulatory Excellence
With a 5 out of 5-star rating on TrustPilot and an exemplary reputation with regulatory bodies, Cannon Trading demonstrates a commitment to transparency and ethical practices. This trustworthiness is crucial for traders seeking a reliable partner in the volatile world of futures trading.
Strategies for Trading Coffee Futures
Technical Analysis
Technical analysis is a cornerstone of futures trading. Traders use tools like moving averages, Fibonacci retracements, and candlestick patterns to predict price movements. For example, a trader identifying a bullish flag pattern on a coffee futures chart might decide to go long, anticipating a price increase.
Fundamental Analysis
Understanding the fundamentals driving coffee prices is equally important. Futures traders must stay informed about weather patterns, geopolitical developments, and economic trends. For instance, a report forecasting lower coffee yields in Vietnam, the second-largest coffee producer, could signal an impending price increase.
Risk Management
Effective risk management is critical for successful futures trading. Strategies like setting stop-loss orders, diversifying positions, and limiting leverage help mitigate potential losses. A seasoned futures trader might risk only 1-2% of their capital on a single trade, ensuring long-term sustainability.
Hypothetical Trading Scenarios
Scenario 1: A Bullish Trade
John, an experienced futures trader, notices that coffee inventories are at a 10-year low, and weather forecasts predict drought conditions in Brazil. He enters a long position in coffee futures at $1.40 per pound. Two months later, prices rise to $1.80 per pound due to supply constraints. John exits the trade, earning a profit of $4,000 on a 10,000-pound contract.
Scenario 2: A Bearish Trade
Maria, a futures trader with a focus on macroeconomic trends, anticipates a strengthening U.S. dollar, which typically pressures coffee prices. She sells short a coffee futures contract at $1.60 per pound. As the dollar strengthens, coffee prices fall to $1.40 per pound. Maria closes her position, securing a $2,000 profit.
Future Outlook for Coffee Futures
As global coffee consumption continues to grow, the importance of coffee futures in the trading landscape is likely to increase. Emerging technologies, such as AI-driven analytics and blockchain-based supply chain tracking, promise to revolutionize futures trading. For futures traders, staying ahead of these trends will be key to capitalizing on future opportunities.
Coffee futures represent a dynamic and rewarding segment of the futures market. With the right strategies and tools, futures traders can harness the advantages of trading futures contracts in this volatile yet lucrative commodity. Cannon Trading Company’s combination of top-performing trading platforms, experienced futures brokers, and a stellar reputation makes it an ideal partner for trading futures.
Whether you are new to futures trading or an experienced futures trader, leveraging the resources provided by trusted future brokers like Cannon Trading can significantly enhance your trading journey. By staying informed, managing risks, and continuously honing your skills, you can navigate the complexities of trading futures with confidence.
Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.comto speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.
Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.
This article has been generated with the help of AI Technology and modified for accuracy and compliance.
In the fast-paced and high-stakes world of futures trading, selecting the right futures trading broker is one of the most critical decisions any trader—new or seasoned—can make. With a variety of platforms, strategies, and instruments available, a broker can make or break your trading experience. Enter Cannon Trading Company, a legacy brokerage firm founded in 1988 and widely considered one of the best brokers for futures trading.
Cannon Trading Company’s rich history, combined with its commitment to innovation, client education, and transparency, has earned the trust of thousands of traders worldwide. Recognized for its decades of experience, stellar 5 out of 5-star ratings on TrustPilot, and exemplary reputation with regulatory bodies, Cannon Trading remains a cornerstone in the industry. This comprehensive guide explores why Cannon Trading Company excels as the best broker for futures trading while showcasing its strengths, real-life trading examples, and hypothetical scenarios that demonstrate its unmatched value.
A Legacy of Excellence: The Cannon Trading Company Story
Founded in 1988, Cannon Trading Company has steadily built a reputation as a trusted and respected broker for futures trading. While some brokerages focus solely on short-term profits, Cannon has always prioritized client transparency and respect. For over 35 years, the company has been providing expert brokerage services to traders of all levels, cementing its position as one of the best brokers for futures in the United States and beyond.
This longevity in such a competitive marketplace speaks volumes about their ability to adapt, innovate, and provide unparalleled service. As a member of the National Futures Association (NFA) and registered with the Commodity Futures Trading Commission (CFTC), Cannon Trading is held to the highest regulatory standards. This oversight ensures the safety and security of client accounts and underscores their reputation as a responsible, compliant, and forward-thinking brokerage.
Why Choose Cannon Trading Company for Futures Trading?
Wide Selection of Trading Platforms
One of Cannon Trading’s most significant strengths is its variety of trading platforms, tailored to meet the unique needs of every trader. Whether you are an active day trader, swing trader, or someone who prefers algorithmic strategies, Cannon has a solution for you.
Platforms such as NinjaTrader, TradingView, Sierra Chart, CQG, and MultiCharts are available, providing advanced charting, analysis tools, and seamless order execution. For instance, a trader looking to execute precise futures trades with minimal latency might choose CQG, while someone seeking extensive backtesting capabilities could use Sierra Chart.
Consider this hypothetical example:
Scenario: Sarah, a part-time futures trader, wants a user-friendly platform to trade E-mini S&P 500 futures during volatile market hours. She chooses NinjaTrader for its intuitive design and powerful analytics. Using the NinjaTrader platform via Cannon Trading, Sarah is able to execute her trades in seconds, minimizing slippage and maximizing her profit potential.
Personalized Customer Service
At Cannon Trading, clients are more than just account numbers. Whether you are a beginner or a seasoned trader, Cannon Trading’s experienced team offers one-on-one consultations, helping you navigate the complexities of futures trading. Their personalized approach ensures traders receive tailored advice and platform recommendations that align with their goals.
For example, when John, a novice trader, struggled with order execution during his early trades, a Cannon Trading representative walked him through a detailed platform demo. After implementing their advice, John confidently placed his trades without delays or errors, improving his trading outcomes.
Competitive Commission Structures and Transparent Pricing
Cannon Trading Company offers competitive commission rates without hidden fees, providing traders with cost-effective solutions for their futures trading needs. Unlike some brokers, Cannon ensures traders know exactly what they are paying for—a critical factor for maintaining profitability in futures markets.
Case Study: Michael, an experienced trader, switched to Cannon Trading after realizing his previous broker had excessive hidden fees for market data and platform usage. With Cannon, Michael received transparent pricing, allowing him to better calculate his profit margins on each trade. Over six months, he reported saving over $3,000 in unnecessary fees.
Real-Life Trading Anecdotes
The best brokers for futures are often defined by the personal content of their clients. Cannon Trading Company has consistently delivered results, enabling traders to achieve their financial goals.
A Story of Risk Management:
Paul, a veteran crude oil futures trader, faced significant volatility during the 2020 oil price crash. With Cannon Trading’s support, Paul employed protective stop orders and diversified into mini crude oil contracts. Their team’s guidance helped him limit his downside risk while positioning himself for a rebound — a testament to Cannon Trading’s emphasis on risk management.
Helping Beginners Get Started:
Jennifer, a complete beginner in futures trading, was initially overwhelmed by complex charts and terminology. Cannon’s team provided her with educational materials, webinars, and one-on-one coaching sessions. Jennifer started with simulated trading on the CQG Trader platform before transitioning to live trading. Within a year, Jennifer had developed a reliable strategy trading agricultural futures and confidently traded her account.
Hypothetical Scenarios
To further illustrate Cannon Trading’s strengths, let’s explore hypothetical scenarios that showcase how traders of all experience levels can benefit from their services.
Scenario 1: A Day Trader in Fast-Moving Markets
Tom, a professional day trader, relies on low latency and real-time data to scalp profits from E-mini Nasdaq futures. By choosing CQG Integrated Client through Cannon Trading, Tom gains access to lightning-fast execution and market-leading data feeds. As a result, Tom’s trades are executed faster than those of his competitors, enabling him to navigate tiny price movements during volatile sessions.
Scenario 2: Diversification for a Conservative Trader
Lisa, a conservative trader nearing retirement, wants to hedge her stock portfolio against market downturns. After consulting with a Cannon Trading expert, Lisa decides to trade micro E-mini S&P 500 futures. The smaller contract size reduces her exposure while still providing effective portfolio diversification. With proper guidance, Lisa manages risk while protecting her investments.
Why Cannon Trading Company Is the Best Broker for Futures Contracts
Cannon Trading Company’s reputation as one of the best brokers for futures stems from its unwavering commitment to trader respect and responsibility. Let’s summarize the key reasons why Cannon stands out:
Decades of Experience
With over 35 years in the futures markets, Cannon Trading has weathered economic cycles, market crashes, and technological revolutions. Their experience equips them to guide traders through both calm and turbulent markets.
Top-Tier Trading Platforms
The company’s wide selection of platforms, including NinjaTrader, Sierra Chart, and CQG, ensures every trader has the tools they need to succeed.
Exceptional Customer Service
Personalized support, platform demos, and ongoing education make Cannon Trading accessible for traders of all experience levels.
Transparency and Regulatory Compliance
As an NFA member and CFTC-registered firm, Cannon adheres to the highest regulatory standards. Their transparent fee structures and ethical practices ensure client trust.
TrustPilot Ratings
Cannon Trading’s 5 out of 5-star ratings on TrustPilot reflect their commitment to excellence. Positive client feedback highlights their reliability, integrity, and consistent service.
In the competitive landscape of futures trading brokers, Cannon Trading Company shines as an industry leader. With its extensive history, wide selection of trading platforms, and a client-first approach, Cannon meets the needs of beginners, active traders, and institutional clients alike. The company’s ability to combine advanced technology, personalized service, and competitive pricing makes it the best broker for futures trading.
For traders looking to execute precise, efficient trades while managing risk and costs, Cannon Trading Company provides the ideal environment. Their exemplary reputation with regulatory bodies, high ratings on TrustPilot, and decades of experience set them apart as the premier choice for trading futures.
Whether you are just starting or you’re a seasoned professional, Cannon Trading Company’s commitment to empowering traders at every level ensures that your trading journey is supported and informed.
Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.
Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.
This article has been generated with the help of AI Technology and modified for accuracy and compliance.
If you like a demo ( and did not have a demo of StoneX Futures yet) CLICK HERE
In the mean time, your E-Futures platform will stay active until a date no earlier than Fri., Dec. 27th, with a firm decommission date to be announced
Important Notices – Next Week Highlights:
The Week Ahead
By John Thorpe, Senior Broker
258 corporate earnings reports; none, in my humble opinion, that would jar an index. A number of meaningful Economic data releases including FOMC Minutes, Non-Farm Payrolls and WASDE. There will be a series of FED Speakers Prior to the cash equity index openings throughout the week.
Thu. Harker 8 am CST, Barkin, Schmid and Bowman all Mid Day.
Fri.
Economic Data week:
Mon. Factory Orders, S&P Global PMI Final
Tues. Balance of Trade , Redbook, ISM svcs PMI, Business Inventories, JOLTS
Wed. ADP, FOMC MINUTES
Thur. Jobless claims,
Fri. Non Farm Payrolls, Mich. Consumer Sentiment , WASDE
The President has declared January 9, 2025, as a National Day of Mourning in observance of the passing of former President James Earl Carter, Jr.
There will be revised trading hours next week on January 9, 2025. All Equity Index options expiring January 9th will be moved to expire on January 8th.
Get qualified support and resistance levels for precise risk management on different commodity markets.
Get pivot points that highlight shifts in the futures market momentum.
Get technical forecasts to keep you on the right side of a specific commodity trading market.
One on One “Daily Digest” with a dedicated series 3 professional.
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.
March meal completed its first upside PriceCount objective to the $322 area which was consistent with the measuring gap objective. The chart is correcting, which is a normal near term reaction. IF you can resume the rally with new sustained highs, the second count would project a potential run to the $335 area. Open counts to the downside remain in play if we resume the break.
PriceCounts – Not about where we’ve been , but where we might be going next!
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.
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.
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.
Would you like to get weekly updates on real-time, results of systems mentioned above?
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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.
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.
Would you like to get weekly updates on real-time, results of systems mentioned above?
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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.
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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.
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.
The November 25th QT Chart of the Day alerted readers that the US dollar index had completed its first upside PriceCount objective. The chart proceeded to correct lower which is normal reaction. Now, we are attempting to resume the rally where new sustained highs would project a possible run to the second count to the 109.98 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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.
Would you like to get weekly updates on real-time, results of systems mentioned above?
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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.
Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
Stock Index December contracts (i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, December 20th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any December futures contracts through 8:30 A.M., Central Time on Friday, Dec. 20th, they will be offset with the cash settlement price, as set by the exchange.
FRONT MONTH IS NOW MARCH , the symbol is H25, example for Micro mini SP is MESH25
The month code for March is ‘H.’ Please consider carefully how you place orders when changing over.
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours
The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.
Improve Your Trading Skills
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here* 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.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
