Open An Account
Free Demo Account Subscribe Here

Category: Commodity Brokers

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.

The Week Ahead Outlook + Futures Trading Levels for Sept. 26th

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

The Week Ahead…..

By Senior Broker, John Thorpe

While the economic data calendar is well-populated in the September 25 week, nothing will distract from the looming federal shutdown if Congress fails to fund the government by September 30. A failure to pass a spending package would mean adding uncertainty to the economic outlook. Many businesses including small ones depend on government contracts; and without new contracts signed, a round of layoffs could be triggered at a time when skilled workers are difficult to replace. An extended shutdown would disrupt government services including the routine reporting of economic data not to mention inconvenience and perhaps damage businesses and households.

For housing reports, the ongoing surge in mortgage rates makes data from July and August relatively out of date. September data from both home builders and mortgage bankers point to a pullback as consumers reconsider buying while prices remain elevated and mortgage rates at 22-year highs. For September to date, the 30-year fixed rate has averaged 7.16 percent, the highest since 7.16 percent in July 2001. If the housing market is in a downturn due to high rates and elevated prices, the lack of supply of homes has helped maintain competition for available units. Determined homebuyers do have some negotiating power – more for new construction than existing units. Those buying in the current market may be doing so with the expectation that mortgage rates will come down again and allow them to refinance to a more affordable rate.

On Friday, the report on personal income and spending at 8:30 ET will include the PCE deflator for August. This is the Fed’s preferred measure of inflation. It is likely to mirror the moves in the August CPI with energy costs boosting the overall index a bit, but with signs of further moderation in prices outside of food and energy.

 

14f6b449 93aa 4907 bb12 38845d380e39

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-26-2023

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

 

d40a3398 72e5 4a59 836b 1bb9a30cc6da

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

369128ea 45d1 4346 9159 7c1612f6a245

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

Weekly Newsletter – Energy Futures Contest – Real Cash Prizes! + Levels for Sept. 25th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1164

 

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

In this issue:

  • Important Notices – Trading Contest/Real Cash Prizes
  • Trading Resource of the Week – Series of short videos
  • Hot Market of the Week – December Gold
  • Broker’s Trading System of the Week – NQ (mini NASDAQ) Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

Trading Contest – Win Real Cash Trading Simulated Account!
Energy Futures Trading Competition
Duration 
Start: October 15th at 5:00 PM CT
End: October 27th at 4:00 PM CT
Prizes (Cash Prizes!!)
First Place: $2500
Second Place: $1000
Third Place: $650
Random Selection: $500

Competition Details

  • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
  • All Trading will be in the Front-Month Contract
  • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
  • Top three traders with the highest P&L balance at the end will get a cash prize.
  • One winner will be chosen from the remaining participants to receive a cash prize.
  • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

REGISTER NOW

  • Trading Resource of the Week

 

  • Projecting possible targets when trading futures
  • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
  • Some common uses you can make of support and resistance levels.
  • Filter out the noise with range bar charts
  • “Price Confirmation”
a6af728f 00e0 4003 988b d2234f5ccfc0
Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
December Gold Futures Completed its first downside PriceCount objective last months before developing a sideways range trade. At this point, if the chart can break down with new sustained lows, the second count would project a possible run to the 1883 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
d54a9ac0 23ed 4d63 b8d9 ae06eee766a5
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
3b644da2 2bee 4d39 8d98 5208a20bec39

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
Mini Nasdaq 100
COST
USD 120 / monthly
6c5bc2f6 368b 4437 ac9f ae903a58d0d9
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

  • Trading Levels for Next Week

Daily Levels for September 25th, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

  • Trading Reports for Next Week

345dd1d8 e9bc 45fc 8896 4b4fe65ce57c
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
97f4ff84 f7ea 43e9 8958 0b016a5e2625

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

 

Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Navigating the World of Futures Brokers: Spotlight on Cannon Trading

Posted on by Cannon Operations

Read more about trading futures with Cannon Trading Company here.

Futures brokers play a pivotal role in the world of commodities and futures trading, acting as intermediaries between traders and the futures markets. In the United States, the landscape of futures brokers is diverse, with numerous brokerage firms offering a range of products and services. In this comprehensive exploration, we’ll delve into the world of futures brokers in the USA, focusing on Cannon Trading. We’ll highlight the reasons why Cannon Trading is often regarded as one of the best futures brokers, its customer service excellence, and its long-standing presence in the industry.

The Role of Futures Brokers in the USA

Futures Brokers

 

Futures brokers, often referred to as commodity brokers, are financial intermediaries that facilitate the buying and selling of futures contracts on behalf of traders. Their primary responsibilities include executing orders, providing market analysis, managing margin requirements, and ensuring compliance standards with regulatory authorities. Commodity brokers are crucial to the functioning of futures markets, as they enable market participants to access these markets directly and efficiently.

Cannon Trading: A Trusted Name in Futures Brokers

Cannon Trading is a renowned and trusted name in the world of futures brokers in the USA. With a history dating back to 1988, Cannon Trading has built a reputation for providing top-notch services to traders and investors. Here’s why Cannon Trading stands out as one of the best futures brokers:

  1. Customer Service Excellence: One of the defining features of Cannon Trading is its unwavering commitment to customer service. The firm takes pride in its personalized approach to client relationships, offering dedicated support and guidance. Traders often praise Cannon Trading for its accessibility, responsiveness, and willingness to go the extra mile to address client needs.
  2. High TrustPilot Rating: Cannon Trading’s dedication to customer satisfaction is evident in its remarkable 4.9 out of 5-star rating on TrustPilot. This rating is a testament to the positive experiences of clients who have benefited from Cannon Trading’s services.
  3. Decades of Experience: Cannon Trading’s longevity in the industry speaks volumes about its reliability and expertise. With over three decades of experience, the firm has weathered various market conditions, gaining invaluable insights that benefit its clients.
  4. Pioneer in Online Futures Trading: Cannon Trading was one of the first Introducing Brokers (IBs) to offer online futures trading services. This pioneering spirit underscores its commitment to staying at the forefront of technological advancements, providing clients with efficient and accessible trading platforms.
  5. Ownership of Premium Domains: Cannon Trading’s ownership of domains such as commoditybrokers.com and commoditiestrading.com reflects its dedication to being a prominent online resource for futures traders. These domains serve as valuable portals for traders seeking information and services related to commodities and futures.

Why Choose Cannon Trading as Your Futures Broker

While the commodities and futures trading landscape is populated with numerous brokerage firms, Cannon Trading distinguishes itself in several ways:

  1. Personalized Service: Cannon Trading’s team of experienced brokers takes the time to understand each client’s unique goals and trading style. They provide tailored advice and support to help clients achieve their objectives.
  2. Access to Multiple Markets: Cannon Trading offers access to a wide range of futures markets, including agricultural commodities, energy products, metals, and financial instruments. This diversity allows traders to customize their portfolios and explore various trading opportunities.
  3. Cutting-Edge Technology: Cannon Trading provides access to advanced trading platforms equipped with real-time data, research tools, and technical analysis capabilities. These platforms are designed to meet the needs of both novice and experienced traders.
  4. Risk Management Expertise: Managing risk is paramount in futures trading. Cannon Trading’s brokers are well-versed in risk management strategies and assist clients in implementing risk-reduction techniques, such as stop-loss orders and position sizing.
  5. Educational Resources: Cannon Trading understands the importance of trader education. The firm offers a wealth of educational resources, including webinars, tutorials, and market insights, to empower traders with knowledge and skills.
  6. Competitive Pricing: Cannon Trading is known for its competitive commission rates, ensuring that traders can keep more of their profits.
  7. Regulatory Compliance: Cannon Trading adheres to strict regulatory standards, providing clients with peace of mind regarding the safety of their funds and the integrity of their trades.

In the world of futures brokers and commodity brokers in the USA, Cannon Trading shines as a beacon of excellence. Its dedication to customer service, long-standing presence in the industry, and commitment to technological innovation have earned it a well-deserved reputation as one of the best futures brokers.

With a TrustPilot rating of 4.9 out of 5 stars and a history dating back to 1988, Cannon Trading continues to provide traders and investors with the tools, guidance, and support they need to navigate the complex and dynamic world of futures trading. As the industry evolves, Cannon Trading remains a steadfast partner for those seeking to achieve their financial goals through futures and commodities trading.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

 

Energy Futures Trading Competition + Futures Trading Levels for Sept. 21st 2023

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

Energy Futures Trading Competition

Start: October 15th at 5:00 PM CT

End: October 27th at 4:00 PM CT

Prizes (Cash Prizes!!)

First Place: $2500

Second Place: $1000

Third Place: $650

Random Selection: $500

Competition Details

  • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
  • All Trading will be in the Front-Month Contract
  • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
  • Top three traders with the highest P&L balance at the end will get a cash prize.
  • One winner will be chosen from the remaining participants to receive a cash prize.
  • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

REGISTER NOW

 

 

14f6b449 93aa 4907 bb12 38845d380e39

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-21-2023

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

 

d40a3398 72e5 4a59 836b 1bb9a30cc6da

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

c1d4008d e169 4094 96f0 ec2bdeaca46c

 

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.

Choosing the Right Futures and Commodity Trading Brokers

Posted on by Cannon Operations

Find out more about futures trading with Cannon Trading Company here.

In the world of futures and commodity trading, finding a reliable broker is paramount. Traders seek brokers that offer transparency, knowledge, quick execution, and good regulatory standing. They want a broker who not only provides the tools for trading but is also there to assist promptly when issues arise. Among the reputable players in this industry, Cannon Trading stands out as an excellent choice. In this comprehensive guide, we will explore the key factors that make Cannon Trading a top choice for futures and commodity traders, including their 4.9 out of 5-star TrustPilot ranking.

Futures and Commodity Trading Brokers: A Vital Link
Futures and commodity trading are financial markets where participants speculate on the future prices of various assets, from agricultural products to energy resources and financial instruments. To access these markets, traders rely on brokers, who act as intermediaries, providing the necessary infrastructure, trading platforms, and access to exchanges. It’s crucial to choose a broker that not only facilitates trading but also offers valuable services and assistance, especially in times of need.

The Importance of Transparency, Knowledge, and Quick Executions
When selecting a futures or commodity trading broker, several critical factors come into play:

  1. Transparency: Traders need to know that they are trading in a fair and transparent environment. This includes clear fee structures, accurate market data, and fair execution practices.
  2. Knowledge: Brokers should possess in-depth knowledge of the markets they serve. They should provide clients with insightful market analysis, educational resources, and expert guidance to help them make informed trading decisions.
  3. Quick Executions: In the fast-paced world of futures and commodities, timely execution of orders is essential. Delays can lead to missed opportunities or increased risks.
  4. Regulatory Standing: A reputable broker should be in good standing with relevant regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States. Regulatory compliance ensures a higher level of trust and security for clients.
  5. Customer Support: A broker’s ability to pick up the phone immediately and assist clients in resolving issues is a critical aspect of their service. Effective customer support can make a significant difference in a trader’s experience.

Cannon Trading: A Trusted Name in Futures and Commodity Brokerage
Cannon Trading, with its decades-long presence in the industry, has garnered a strong reputation for providing the transparency, knowledge, quick executions, and regulatory standing that traders seek. Here’s why Cannon Trading is highly recommended:

  1. Exceptional Transparency
    Cannon Trading prides itself on transparency in all aspects of its services. Their fee structures are clear and competitive, ensuring that traders have a comprehensive understanding of their costs. This transparency extends to order execution, where traders can expect fair and efficient execution practices.

  2. In-Depth Knowledge
    Cannon Trading’s team consists of industry experts with a deep understanding of futures and commodity markets. They offer clients valuable insights, market analysis, and educational resources to enhance their trading knowledge. Whether you’re a novice or an experienced trader, you’ll find their guidance invaluable.
  3. Quick Executions
    In the world of futures and commodities, timing is crucial. Cannon Trading provides traders with access to advanced trading platforms that offer fast and reliable order execution. This ensures that traders can seize opportunities as they arise without delays.
  4. Regulatory Compliance
    Cannon Trading operates with the highest level of integrity and is in good standing with regulatory bodies such as the CFTC and NFA. This commitment to compliance offers clients peace of mind, knowing that they are trading with a reputable and regulated broker.
  5. Exceptional Customer Support
    One of the standout features of Cannon Trading is its dedication to customer support. The firm’s support team is known for picking up the phone immediately to address client inquiries or resolve issues promptly. This level of responsiveness is a testament to their commitment to client satisfaction.

Variety of Futures Trading Software
Cannon Trading understands that traders have diverse preferences and requirements when it comes to trading platforms. That’s why they offer a wide variety of futures trading software options to cater to different needs:

– E-Futures Software: E-Futures is known for its user-friendly interface, real-time market data, and advanced charting tools. It’s suitable for traders of all levels.
– E-Futures International: This platform provides access to global markets, making it ideal for those interested in international futures trading. It offers multi-currency support and access to various asset classes.
– CannonPro Trading Software: Designed for professional and institutional traders, CannonPro offers low-latency execution, advanced order types, and extensive customization options.

Why Choose Cannon Trading
Cannon Trading’s reputation for transparency, knowledge, quick executions, and regulatory compliance make it a standout choice for futures and commodity traders. Here are some compelling reasons why you should consider Cannon Trading for your trading needs:

  1. TrustPilot 4.9 out of 5 Stars
    Cannon Trading’s TrustPilot rating of 4.9 out of 5 stars is a remarkable achievement. This high rating reflects the consistent satisfaction of their clients and is a strong indicator of the quality of their services.
  2. Comprehensive Support
    Cannon Trading goes beyond just providing trading platforms. They offer a comprehensive support system, including educational resources, market analysis, and expert guidance. Their team is readily available to assist clients in navigating the complexities of futures and commodity trading.
  3. Diverse Trading Software
    The availability of a wide range of trading software ensures that traders can find a platform that suits their specific needs and preferences. Whether you’re a beginner or a seasoned professional, Cannon Trading has a platform for you.
  4. Industry Experience
    With over three decades of experience, Cannon Trading has a proven track record of serving the needs of futures and commodity traders. Their longevity in the industry speaks to their reliability and commitment to client success.
  5. Regulatory Integrity
    Cannon Trading operates in full compliance with regulatory requirements, instilling confidence in traders that they are trading with a reputable and trustworthy broker.

Choosing the right futures and commodity trading broker is a crucial decision for traders. Cannon Trading, with its stellar reputation for transparency, knowledge, quick executions, and regulatory compliance, is a standout choice. Their 4.9 out of 5-star TrustPilot rating is a testament to their dedication to client satisfaction. With a diverse range of trading software and a commitment to providing comprehensive support, Cannon Trading is well-equipped to serve the diverse needs of futures and commodity traders, helping them navigate the intricacies of these dynamic markets with confidence and success.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

 

FOMC Tomorrow! + Futures Trading Levels for Sept. 20th 2023

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

FOMC tomorrow and the markets are expecting NO CHANGE in rates tomorrow, however, traders will pay close attention in an attempt to predict future hikes the rest of 2023.

The following are suggestions on trading during FOMC days:

 

·    Reduce trading size

·    Be extra picky = no trade is better than a bad trade

·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4425.00 with a stop at 4419.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4419.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

·    Expect the higher volatility during and right after the announcement

·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

·    Know what the market was expecting, learn what came out and observe market reaction for clues

·    Be patient and be disciplined

·    If in doubt, stay out!!

ad77c680 5f6b 4e57 b2cf 1052245f434d

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-20-2023

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

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

8c3b006a 648a 4193 aaf8 7ea7904a99c3

 

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.

FOMC week ahead! + Levels for Sept. 19th 2023

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

The Week Ahead: FED Talk

By John Thorpe, Senior Broker

1st of the final 3 Fed meetings this year happens this week.

The 1st upcoming meeting on Wednesday the 20th and the final Fed meeting December 13th will also include as a component “Projection Materials” or “Summary of Economic Projections”. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well. They represent more data driven insights than merely the commentary that follows the rate decisions.

Again, the language of Wednesday’s commentary will be more heavily based on data dependency as investors look for language alluding to the end of the rate increase cycle.

 

 

The Oct31/Nov 1 Fed (this is the 2nd of 3 remaining this Year) meeting will not include this data but will still include Fed Chair Powell’s commentary.

Why focus on fed meetings? There is Clear correlation between expectations of interest rate changes and Equity Market prices. An overly simplistic description: Interest rates go higher, equity prices go lower and the correlative inverse should also follow that when interest rates go lower, equity prices go higher.

Clearly our equity indices are range bound as the market has been discounting any and all further rate increases the Fed has alluded to. What has been supporting the market is the view that rate tightening is nearing an end. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well. 

CME Fedwatch Tool is reflecting a 99% probability of no rate change this meeting, maintaining the 5.25-5.50 current borrowing rate with a 1 % chance of a raise in rates.

Earnings

Fedex   (FDX) headlines a relatively light earnings calendar this week, with the logistics giant slated to disclose its fiscal first-quarter results after Wednesday’s close. Analysts, on average, expect the company to report earnings of $3.73 per share, up 8.4% year-over-year (YoY), on revenue of $21.8 billion (-7.6% YoY).

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-19-2023

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

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

82963079 93d3 44ef 8d7b 28a92ae69680

 

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

Weekly Newsletter: Tight Stops or Wide Stops? + Levels for Sept. 18th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1163

 

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

In this issue:

  •  Trading Updates: Rollover notice
  • Trading Resource of the Week – Tight Stops or Wide Stops?
  • Hot Market of the Week – November Unleaded Gasoline
  • Broker’s Trading System of the Week – ZB (bonds) Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices – December is FRONT MONTH

Stock index futures, currency futures and most other commodities front month is now December.
September stock index expired this Friday morning and currencies expire ( delivery) this Monday.
The month code for December is ‘Z.’  Please consider carefully how you place orders when changing over.

Trading Resource of the Week – Tight Stops or Wide Stops?

 

Entry Signals Are Very Important But Just As Important If Not More Is Trade Management.

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
This article was published on FinanceMagnates.com back a couple years ago but is definitely a timeless article.
Today I decided to touch more on an educational feature rather than provide a certain market outlook. Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.
Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.
Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between. Some of the basic elements of trade management before even entering the trade are: What will my stop loss be**? will i use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?
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.
November unleaded gasoline The rally in Nov unleaded completed second upside PriceCount objective and developed a sideways/ rangebound trading action. If the market can breakout to the upside , it can project a run to the 3rd objective at 2.77 level
PriceCounts – Not about where we’ve been , but where we might be going next!
936c2810 13ca 44e0 9c60 3f82d53ed9f5
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
3b644da2 2bee 4d39 8d98 5208a20bec39

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$15,000
COST
USD 65 / monthly
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

  • Trading Levels for Next Week

Daily Levels for September 18th, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

  • Trading Reports for Next Week

9a03a785 310a 4d4d ad2a c71e7edacb66
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
0bc5482b 4184 4331 95ac eeda725558d5

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

 

Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Quadruple Witching + Levels for Sept. 15th 2023

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

What you need to know before trading futures on Sept. 15th

by Mark O’Brien, Senior Broker:

 

For those of you trading stock index futures and options, remember that tomorrow is Last Trading Day for the September stock index futures contracts and their quarterly options.  At 8:30 A.M., Central Time, the September contracts will stop trading and the CME will post a settlement price which will serve to offset any open September futures positions.  It will also determine the status of the contracts’ options – whether they’re in or out of the money.  Note that this does not apply to Friday Week-3 options tied to the December futures contracts.  Those expire at their usual afternoon time.

 

Tomorrow is nicknamed quadruple witching which refers to the simultaneous expiration of not only stock index futures and options, but also stock options and single-stock futures, which actually ceased trading in 2020 – and was never a much of asset class in the U.S. since their arrival in 2002. 

 

The new front month for the major stock index futures contracts is now December.

 

For currency futures traders, Monday is an even more important date on the calendar.  It’s also Last Trading Day for these futures contracts, however these contracts are true deliverables.  Instead of receiving a settlement price with which your open positions will be offset, your open long or short positions will be exchanged for actual cash-based positions in the type of currency your position represents.  For example, if you hold a single September British Pound futures contract through Last Trading Day, you will be assigned a short cash position of futures contract’s value of 62,500£, the current U.S. dollar value of which is ±$77,500.

 

The long and short of it (pun intended), keep a very close eye on the calendar and steer well clear of becoming contractually obligated to deliver or take delivery of a futures contract’s underlying asset.

 

If you have any questions regarding any of the futures contracts you’re trading and those important dates n the calendar, reach out to your broker at Cannon Trading Co. 

Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000. 

 

Volume in the September contracts will begin to drop off until their expiration Friday, September 15th (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 September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.

 Monday, September 18th is Last Trading Day for September currency futures. It is of the utmost importance for currency traders to exit all September futures contracts by Friday, September 15th and to start trading the December futures. Currency futures are DELIVERABLE contracts.

The month code for December is ‘Z.’  Please consider carefully how you place orders when changing over.

Watch the video below on how to rollover your market depth and charts!

Rollover Futures contract on E-Futures platform

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-15-2023

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

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

18707751 d39f 4563 9e14 62aae2439a27

 

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.

The Best Futures Brokers: A Comprehensive Review of E-Futures.com and Cannon Trading Company

Posted on by Cannon Operations

Read more about trading futures with Cannon Trading Company and E-futures.com here.

In the world of futures and commodities trading, selecting the right broker can make all the difference in your success. A trustworthy and reliable futures broker can provide you with the necessary tools, resources, and support to navigate the complex and dynamic world of futures trading. In this article, we will delve into two of the top contenders in the industry: E-Futures.com and Cannon Trading Company. These brokers have earned a stellar reputation, boasting a TrustPilot rating of 4.9 out of 5 stars and a series of prestigious awards dating back to 2003, including the coveted Stocks and Commodities Readers Choice Award. Join us as we explore what makes these brokers stand out and why they are considered among the best futures and commodities brokers.

The Importance of Choosing the Right Futures Broker

Before we delve into the specifics of E-Futures.com and Cannon Trading Company, let’s first understand why selecting the right futures broker is crucial.

  1. Expertise and Knowledge: Futures trading is a specialized field that requires a deep understanding of financial markets, commodities, and trading strategies. A reputable broker will have a team of experts who can provide valuable insights and guidance to help traders make informed decisions.
  2. Technology and Tools: The world of trading is increasingly reliant on technology. A good futures broker should offer advanced trading platforms, real-time data, and analytical tools to enhance the trading experience and help clients stay competitive.
  3. Security and Reliability: Trust is paramount in the financial industry. A reliable broker should provide a secure trading environment, safeguarding clients’ funds and personal information.
  4. Customer Support: Accessible and responsive customer support is essential. Traders need assistance when technical issues arise, or they have questions about their accounts, and a good broker should be readily available to assist.

E-Futures.com is a well-established futures broker that has earned a reputation for excellence in the industry. With a TrustPilot rating of 4.9 out of 5 stars, it is evident that clients have had exceptional experiences with this broker. Let’s take a closer look at what sets E-Futures.com apart:

  1. Comprehensive Trading Platforms: E-Futures.com offers a range of trading platforms, including CQG, R Trader, and Sierra Chart, which cater to traders of all levels. These platforms are renowned for their reliability and advanced features, ensuring that traders have the tools they need to succeed.
  2. Extensive Market Access: Clients of E-Futures.com can access a wide range of futures and options markets, including agricultural commodities, energy, metals, currencies, and stock indices. This diversity allows traders to diversify their portfolios and take advantage of various market opportunities.
  3. Educational Resources: E-Futures.com is committed to helping traders enhance their knowledge and skills. They provide a wealth of educational resources, including webinars, articles, and trading guides, to empower their clients.
  4. Customer Support: Customer satisfaction is a top priority for E-Futures.com. They offer excellent customer support, with a team of professionals available to assist clients with their trading needs and concerns.
  5. Regulation and Security: E-Futures.com operates under the regulatory oversight of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). This regulatory framework ensures that the broker adheres to strict industry standards and provides a secure trading environment for its clients.

Cannon Trading Company: A Legacy of Excellence

Cannon Trading Company is another esteemed player in the futures and commodities trading arena. With a TrustPilot rating of 4.9 out of 5 stars, Cannon Trading has consistently delivered exceptional service to its clients. Let’s explore why Cannon Trading is considered one of the best commodity brokers:

  1. Personalized Service: Cannon Trading is known for its personalized approach to client relationships. They take the time to understand each client’s unique goals and trading style, providing tailored solutions and advice.
  2. Advanced Trading Platforms: The broker offers a range of trading platforms, including TradingView, Sierra Chart, and CQG, which are renowned for their ease of use and powerful features.
  3. Market Expertise: Cannon Trading has a team of experienced brokers who specialize in various markets, including agricultural commodities, energy, financials, and more. Their deep market knowledge is a valuable asset to traders seeking insights and opportunities.
  4. Educational Resources: Like E-Futures.com, Cannon Trading Company offers a wealth of educational resources, including webinars, trading guides, and market analysis. These resources empower traders to make informed decisions.
  5. Regulation and Security: Cannon Trading is a member of the NFA and CFTC, ensuring that it adheres to rigorous industry standards. Client funds are held in segregated accounts, providing an additional layer of security.

Awards and Recognition

One of the most compelling indicators of a broker’s excellence is the recognition it receives within the industry. Both E-Futures.com and Cannon Trading Company have been consistently honored with awards and accolades over the years.

E-Futures.com has been the recipient of the prestigious Stocks and Commodities Readers Choice Award since 2003. This award, voted on by traders and investors, reflects the broker’s commitment to providing exceptional services and trading platforms that meet the needs of its clients.

Similarly, Cannon Trading Company has earned its fair share of awards and recognition within the industry. Their dedication to providing personalized service and cutting-edge technology has garnered them a loyal client base and accolades from industry experts.

Choosing the best futures broker or commodity broker is a critical decision for any trader. E-Futures.com and Cannon Trading Company have consistently demonstrated their commitment to excellence through their TrustPilot ratings, extensive market access, advanced trading platforms, educational resources, and regulatory compliance. Their impressive track records and the recognition they have received in the form of awards and accolades further solidify their positions as two of the best futures and commodity brokers in the industry. Whether you are a novice trader seeking guidance or an experienced trader looking for a reliable partner, E-Futures.com and Cannon Trading Company are names you can trust to help you navigate the exciting world of futures and commodities trading.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

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.