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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.

FOMC Minutes this week, Flash PMI Tomorrow

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

 

The Week Ahead:

By John Thorpe, Senior Broker

THIS WEEK FOMC Minutes will be the big mover in addition to ongoing Debt limit increase negotiations between The Executive and Legislative branches of government. Minutes of the FOMC meeting of May 2-3 will be released on Wednesday at 1:00PM CDT. In the immediate wake of the FOMC statement there was optimism that Fed policymakers were leaning toward a pause in interest rates after a swift raising of the fed funds target range by 500 basis points that began 13 months ago. However, Fed Chair Jerome Powell pushed back against that perception in his press briefing on May 3. Although, he did say last week that tight credit conditions may limit the need for further policy tightening. In the weeks since the meeting, other Fed policymakers have cautioned against being too certain that more rate hikes are not on the way.

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The minutes are likely to reinforce these views, and that these views probably haven’t shifted. The economic data released in recent weeks point to a still strong labor market and continued stubborn inflation. This is the formula that has kept the Fed on a path of further tightening to address imbalances in the labor supply/demand and reduce demand for goods and services that are pushing up prices.

 

Plan your trade and trade your plan. 

 

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

Futures Trading Levels

for 05-23-2023

#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

 

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Economic Reports, Source: 

Forexfactory.com

 

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

10 Qualities to Look for In Potential Commodity Brokers

Posted on by Cannon Operations

Potential Commodity Brokers

Learn more about working with Cannon Trading Company commodity brokers here.

Commodity brokers play an important role in the futures market, helping traders to buy and sell commodity contracts such as gold, oil, and agricultural products. A good commodity broker can help traders navigate the complexities of the market, providing valuable advice and guidance on trading strategies and risk management. In this article, we’ll explore the ten signs that you’re working with a good commodity broker.

  1. Solid Reputation
    A good commodity broker will have a solid reputation in the industry. Look for a broker with a proven track record of success and a reputation for honesty, transparency, and professionalism.
  2. Regulatory Compliance
    Commodity brokers are regulated by government agencies such as the Commodity Futures Trading Commission (CFTC) in the United States. A good broker will be fully compliant with all regulatory requirements, ensuring that their clients’ funds are protected and that trading activity is transparent.
  3. Competitive Fees
    Commodity brokers typically charge fees for their services, including commissions and transaction fees. A good broker will offer competitive fees that are in line with industry standards.
  4. Access to Markets
    A good commodity broker will have access to a wide range of markets, allowing traders to trade a variety of commodities and futures contracts.
  5. Technology Platform
    Commodity brokers typically provide traders with access to a trading platform that allows them to monitor the markets, execute trades, and manage their accounts. A good broker will offer a reliable, user-friendly platform that is equipped with the latest technology and tools.
  6. Trading Education
    Commodity brokers should also provide their clients with educational resources to help them learn about the markets and develop effective trading strategies. A good broker will offer a range of educational materials, including webinars, tutorials, and market analysis.
  7. Risk Management
    A good commodity broker will also provide their clients with tools and strategies for managing risk. This may include stop-loss orders, hedging strategies, and risk management consultations.
  8. Personalized Service
    A good commodity broker will provide personalized service to their clients, taking the time to understand their individual needs and goals. They should be available to answer questions, provide guidance, and help clients navigate the market.
  9. Transparency
    A good commodity broker will be transparent about their trading practices, including fees, commissions, and trading strategies. They should be open and honest with their clients about the risks and potential rewards of trading commodities.
  10. Support for Multiple Account Types
    Finally, a good commodity broker should offer support for multiple account types, including individual accounts, joint accounts, corporate accounts, and retirement accounts. This flexibility allows traders to choose the account type that best meets their needs.

Commodity brokers play a critical role in the futures market, helping traders to navigate the complexities of commodity trading and manage their risk. When choosing a commodity broker, look for a broker with a solid reputation, regulatory compliance, competitive fees, access to markets, a reliable technology platform, trading education, risk management tools, personalized service, transparency, and support for multiple account types. By working with a good commodity broker, traders can enhance their trading experience in the futures market.

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.

 

Win 1 oz Gold Bar + Trading Levels for 5.17.23

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

Are you ready to go for gold?

 

Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

 

You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

 

During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

 

Get ready to strike gold.

 

*Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

START DATE: June 4, 2023

 

END DATE: June 9, 2023

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Plan your trade and trade your plan. 

 

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

Futures Trading Levels

for 05-17-2023

trading levels futures and commodities

Economic Reports, Source: 

Forexfactory.com

 

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

Fed Governors Speak, Will commodities Markets Move? +Futures Trading Levels 5.16.2023

Posted on by Cannon Operations
Get Real Time updates and more on our private FB group!
The Week Ahead!
By John Thorpe, Senior broker
Fed Governor speeches, Retail Sales, Industrial production, Housing starts, Jobless Claims, More Fed Governor speeches, Existing home sales, and, the big one, Jerome Powell speaking on Friday….

Tomorrow Fed Members Mester and Bostic are speaking @ 7:15 and 7:55 am CDT respectively.   Retail sales numbers will be released during Mester’s words @ 7:30 am CDT. Analysts expect Retail sales to rise .07 % from March’s numbers that were negative for auto’s and gasoline. Industrial production will be released shortly thereafter and during Bostic’s speaking engagement @ 8:15am CDT. Analysts expect a flat IP number with capacity utilization lower by a few percentage points as layoffs may accelerate in the manufacturing sector. Wednesday we will see Housing Starts and permits. Analysts have revealed “Housing starts in March edged lower to a 1.420 million annualized rate; April is expected to slip further to 1.405 million. Permits, at 1.413 million in March and, though lower than expected, very near the starts rate, is expected to rise to 1.430 million.”  per Econoday. Jobless claims will be Thursday’s highlighted report and expected to fall within the 250-270K range. Existing Home Sales top of the week’s reports @ 9am CDT  sandwiched in between Fed governor speech’s , Jefferson @ 8:05 am CDT and Logan @ 9 am CDT,,  remember that markets like to discount expectations and only move when the data is out of line with expectations..   we wrap up the Fed Governor’s speeches for the week when the big Kahuna , Fed Chair Jerome Powell will be speaking publically Friday @ 10am CDT!..

As always, plan your trade and trade your plan!

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Are you ready to go for gold?

 

Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

 

You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

 

During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

 

Get ready to strike gold.

 

*Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

START DATE: June 4, 2023

 

END DATE: June 9, 2023

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Plan your trade and trade your plan. 

 

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

Futures Trading Levels

for 05-16-2023

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Economic Reports, Source: 

Forexfactory.com

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Economic reports for future traders

 

 

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 – Why Most Traders Lose? + Levels for May 15th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1144

 

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

In this issue:

  • Important Notices – Win 1 OZ Gold Bar!
  • Trading Resource of the Week – Why Do Most Future traders lose?
  • Hot Market of the Week – July Copper
  • Broker’s Trading System of the Week – Browse Hundreds of “Hands Free” Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices –

Are you ready to go for gold?

 

Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

Get ready to strike gold.

*Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

 

START DATE: June 4, 2023

END DATE: June 9, 2023

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  • Trading Resource of the Week – Why do most futures traders lose money and how can you improve your odds?

Watch the short recorded webinar where Ilan shared some of his observations of why a large percentage of traders lose money trading futures.
*Reasons why most traders lose
*Looking at tools you can utilize and improve your odds
*Review different methods/concepts of trading
*Ilan shares many tidbits that can help variety of traders
*Ilan answers questions
Watch the recorded webinar which in our opinion contains some of the most valuable advise both new and advanced traders can utilize

 

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

 

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.
July copper collapsed to a new low for the move where the chart has met its second downside PriceCount objective. It would be normal to get a near term reaction in the form of a consolidation or corrective trade upon completing the objective. At this point, IF the chart can sustain further weakness, the third count would project a run to the 3.54 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
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  • Hundreds of “Hands Free” Automated Systems to Choose from!

Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. Browse over 500 trading systems. Review back test results, live results, drawdowns, returns and much more!!
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for May 15th, 2022
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Weekly Levels

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  • Trading Reports for Next Week

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

Win 1 OZ Gold Bar! + Trading Levels 5.12.2023

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

Are you ready to go for gold?

 

Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

 

You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

 

During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

 

Get ready to strike gold.

 

*Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

START DATE: June 4, 2023

 

END DATE: June 9, 2023

e5a8694f 94ed 4340 91ff e9ad366cdc83

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Plan your trade and trade your plan. 

 

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

Futures Trading Levels

for 05-12-2023

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

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

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

Inflation Data, Debt Limit – The Week Ahead

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

The week Ahead:

By John Thorpe, Senior Broker

The week ahead, more inflation data and the Elephant in the room.   Joe Biden is heading into a critical week with congressional leaders over the debt limit . A battle that neither side wants, that neither side wants to compromise on, but both sides need to resolve. A Tuesday meeting will provide odds of a resolution happening in the few weeks remaining before the debt default deadline, June 1st.     Be prepared for the volume on each sides megaphone’s to be amplified by the ten’s of decibels.          What we do know this week is that no less than 4 Fed board governors will be speaking, 2 on Tuesday during market hours; 7:30 am CDT and 11:05 am CDT respectively, 9:15am CDT Wednesday with Bullard wrapping up the speaking engagements after the Friday close, potentially impacting Sunday nights trade.   Inflation DATA : Fasten your seat belts for these 2 numbers CPI Wednesday morning @ 7:30 CDT , economists expectations are really no change from the previous months data, that seems like more of a hope to me, be ready if you like to trade the CPI for anything. Speaking of being ready for anything, Thursday mornings release of the PPI @ 7:30 am CDT may also create unnatural volatility as economists are expecting producer prices to have increased in April from the March reports decline. prepare yourselves for large intraday moves. keep your ears to the wall as you listen for clues to further fed tightening or pauses as these Fed Governors’ speak. At Cannon we are known for creating a trading plan and trading that plan.

Plan your trade and trade your plan. 

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Plan your trade and trade your plan. 

 

 

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

Futures Trading Levels

for 05-09-2023

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

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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

Creating Effective Trading Technique Strategies + Levels for May 8th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1144

 

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

In this issue:

  • Important Notices – CPI, PPI, Crop Reports is this Week!
  • Trading Resource of the Week – FREE Trading Psychology Course
  • Hot Market of the Week – July Bean Meal
  • Broker’s Trading System of the Week – Browse Hundreds of “Hands Free” Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices

This week we have CPI, PPI and crop report!
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  • Trading Resource of the Week – Get An Edge With the Trading Psychology Course FREE

Trading 102: Commitment of Traders Report – What Lies beneath

Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.
In this “Trading Psychology” Course you will learn:
  • How to examine your patterns and behaviors and recognize when they are holding you back
  • Maintaining self-confidence as a trader even in the face of inexperience
  • The mathematical expectation model and how it can decrease your losses
  • Determining the trading plan that is right for your trading personality
  • Understanding and using Motivation – Risk – Reward to its full advantage
  • Creating effective trading technique strategies
  • Qualities of Successful Traders

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

 

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.
July soybean meal completed its second downside PriceCount objective in March and corrected higher. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the $412 area where it will be normal to see some consolidation price action.
PriceCounts – Not about where we’ve been , but where we might be going next!
July Soybean Meal Chart
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

  • Hundreds of “Hands Free” Automated Systems to Choose from!

Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. Browse over 500 trading systems. Review back test results, live results, drawdowns, returns and much more!!
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for May 8th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

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  • Trading Reports for Next Week

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

Weekly Newsletter: What are the big boys up to? + Levels for May 1st, 2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1143

 

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

In this issue:

  • Important Notices – FOMC is this Week!
  • Trading Resource of the Week – What are the “Big Boys” Up To?
  • Hot Market of the Week – June Heating Oil
  • Broker’s Trading System of the Week – Free Consultation
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – FOMC this week with statement and rate decision due Wednesday

The following are my PERSONAL 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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 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.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    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!!

  • Trading Resource of the Week – What are the Big Boys up to?

Trading 102: Commitment of Traders Report – What Lies beneath

In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.
Sign up and instantly download the booklet and learn about:
* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much more….

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

 

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.
June heating oil completed its second downside PriceCount objective last month and corrected. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the 2.05 area
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
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Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. One of the best resources you can utilize is our Brokers will be happy to provide feedback and consultation based on your specific needs, risk tolerance, and goals.
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  • Trading Levels for Next Week

Daily Levels for May 1st, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

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  • Trading Reports for Next Week

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

PPI Tomorrow + 04.13.2023 Trading Levels

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

 

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

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

 

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

 

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

 

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

 

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

 

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

 

Plan your trade and trade your plan. 

 

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

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

Futures Trading Levels

for 04-13-2023

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

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Economic Reports, Source: 

Forexfactory.com

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

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.