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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.

The Week Ahead + 04.11.2023 Trading Levels

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

 

The Week Ahead

by John Thorpe, Senior Broker

 

I hope everyone is rested from the holiday week behind us, this week’s economic number releases should keep all the traders on their toes.

CPI Wednesday! The standouts will be the March CPI data on Wednesday at 7:30 CT and retail and food services sales at 7:30 CT on Friday. The CPI will be critical to the inflation outlook for Fed policymakers.

Previous CPI reports have created velocity logic events in the stock indices at the CME. The above reports will Bookend the FOMC minutes release @1pm CT on Wednesday.

If you recall the FED Meeting Black out period was before the Bank issues so don’t expect too much verbage about the banking situation in this report. Also Remember, expectations will be baked into the market at release time, after release, the market has sustained moves when the reality is much different from the expectations.

 

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 04-11-2023

#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.

The Week Ahead + 04.04.2023 Trading Levels

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

The Week ahead by John Thorpe, Senior Broker

Primarily labor department data.

A big Note, BIG.. Good Friday is the same day as the Non Farm Payrolls release

The cash equities will be closed but the Futures will be open for the report and only 45 minutes after!

That’s right, just 45 minutes for the market to absorb the jobs data.

NonFarm Payrolls will be released @ 8;30 ET and the market is closing @ 9:15 ET until a Sunday night reopen

The bonds will be open until 10.15ET

 

The focus in the April 3 week will be on labor market data, just how tight employment remained at the end of the first quarter 2023 and what that means for the economic outlook and monetary policy.

Note that April 7 – Good Friday – is not a federal holiday in the US. However, there is an early close at 2:00 ET that day for the capital markets; the stock market will have a full close.

The February JOLTS report at 10:00 ET on Tuesday It will almost certainly show the number of people voluntarily quitting a job is declining as the imbalances in the labor market improve.

The ADP national employment report for March at 8:15 ET on Wednesday should indicate where private payrolls are growing. tech companies and some financial services may be weaker. Also important to note will be if wage growth is easing up.

The Challenger report for March at 7:30 ET on Thursday will highlight the sectors where layoffs announcements are taking place. In recent months it has been the tech sector that has dominated the story, but the February report hinted that layoffs are becoming more broad-based due to deteriorating business conditions.

The employment situation for March at 8:30 ET on Friday is expected to show that payrolls continued to rise at a healthy pace, although not as quickly as in January and February. March payrolls can be tricky to seasonally adjust due to the timing of spring breaks for various school systems and the Easter/Passover observances.

 

Plan your trade and trade your plan. 

 

Good Friday Hours for this Friday 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 04-04-2023

#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

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.

USDA Report Tomorrow + 03.31.2023 Trading Levels

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

USDA prospective plantings report tomorrow at 11 AM Central Time

From our friends at Hightower Report

SOYBEANS

 

For the USDA prospective plantings report on Friday, the average trade expectation for US soybean plantings is

88.3 million acres, with a range of expectations from 87.4 to 89.6 million. This would be up from 87.5 million last

year. The USDA Outlook Forum had planted area at 87.5 million acres as well.

 

For the Quarterly Grain Stocks report, US March 1 soybean stocks are expected to come in around 1.728 billion bushels (range 1.600-1.910 billion) versus 1.932 billion last year. Brazil may need to supply up to half of the soybeans that Argentina will import after the worst drought in 100 years devastated its fields and cut 2023 output nearly in half.

 

Argentina may need to import up to 10 million tonnes of soybeans. For the weekly export sales report, traders see soybean sales near 100,000-600,000 tonnes for old crop and another 50,000-300,000 tonnes for new crop. Meal sales are expected near 75,000-250,000 tonnes and oil sales are expected near zero-20,000 tonnes.

 

TODAY’S MARKET IDEAS:

Look for support in November Soybeans at 1291 3/4, with 1316 and then 1337 1/2 as key resistance. July Soybean support is at 1443, with 1464 3/4 as next key resistance. July Soybean Meal support is at 447.30, with 459.10 and 465.70 as resistance.

 

CORN

 

For the USDA planted acreage report on Friday, traders see US corn plantings near 90.9 million acres, 87.7-92.1 range, as compared with 91 million acres from the USDA Outlook forum and from 88.6 million last year. We lean to the higher end of estimates.

 

Traders see March 1 corn stocks at 7.474 billion bushels which would be the lowest since 2014. The range of estimates is 7.240-7.830, as compared with 7.758 billion last year. For the weekly export sales report, traders see corn sales near 600,000-1.8 million tonnes for old crop and 50,000-300,000 tonnes for new crop.

 

WHEAT

 

For the USDA planted acreage report on Friday, traders see all wheat planted area at 48.9 million acres, 45.7-50.0 range, as compared with 49.5 million acres from the USDA Outlook Forum. Spring wheat planted area is expected near 10.9 million acres, 9.8-12.0 range, as compared with 10.8 million acres last year. Winter wheat plantings are expected near 36.3 million acres from 33.3 million in 2022. Traders see wheat stocks as of March 1 at 929 million bushels, 875-1.020 billion range, as compared with stocks last March at 1.029 billion bushels last year. For the weekly export sales report, traders see wheat sales near 125,000-300,000 tons for old crop and 0-150,000 tons for new crop.

 

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 03-31-2023

#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

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.

GDP Tomorrow + 03.30.2023 Trading Levels

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

The Rest of the Trading Week Ahead:

By Mark O’Brien, Senior broker

Tomorrow is GDP – Market moving event.

This Friday is First Notice Day for April gold. Holding long positions in this futures contract into Friday subjects you to receiving a delivery notice from the exchange for 100 ounces of gold. You would then be required to have the full notional value of each 100-ounce futures contract on deposit in your account.

This upcoming event may not apply to any positions in your account this time, but if you ever take a long position in a futures contract where the method of settlement for that contract is the exchange of the actual physical asset, for example 100 ounces of gold, 5,000 bushels of oats, 37,500 pound of Arabica coffee, then you need to be mindful of those dates on the calendar that relate to the futures contracts you trade – Like First Notice Day. It can be a costly mistake even if you overlook an important date and find yourself in need of having to change your mind. After being informed that your account has received a delivery notice and you move to do an about-face – called retendering in futures parlance – the exchange may present you with a fine for your disregard of the calendar. Be careful.

For the grain markets and impact on livestock prices, Friday will mark the once a year prospective plantings report.

For our Grain Traders and Bona Fide Hedgers

This piece of information from one of our partners,

QTMarketCenter ( sign up for a free trial and enjoy plathora of information!)

Offers expectations for Friday’s big and all important USDA Prospective Plantings report and USDA Quarterly Grain Stocks —

Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022

— Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

 

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 03-30-2023

#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

 

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.

Big Grain Report this Friday + 03.28.2023 Trading Levels

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

 

 

The Week Ahead:

By John Thorpe, Senior broker

There are few reports with market-moving potential in the March 27 week for the financials, However, for the grain markets and impact on livestock prices, Friday will mark the once a year prospective plantings report.

The third and final estimate of GDP for the fourth quarter 2022 will be reported at 7:30 CDT on Thursday. With the first quarter 2023 already nearing its end, there is far more interest in economic conditions in the January-March period.

Meanwhile, Fed policymakers will be back in public after the end of the communications blackout period from the March 21-22 FOMC meeting. No comments will be more closely attended to than Vice Chair of Supervision Michael Barr’s appearance before the House Financial Services Committee on Wednesday at 9:00 CDT. Aside from the committee’s posturing, Barr’s written testimony and responses to questioning will be a warning to other banks to clean up their risk management and any overreliance on narrow business sectors.

For our Grain Traders and Bona Fide Hedgers

This piece of information from one of our partners,

 

QTMarketCenter

Offers expectations for Friday’s big and all important USDA Prospective Plantings report and USDA Quarterly Grain Stocks —

Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022

— Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

 

 

 

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 03-28-2023

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

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

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

Micro E-mini Futures and Options Webinar + Trading Levels 3.17.2023

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

Micro E-mini Futures and Options Webinar

Access new markets with the enhanced suite from CME Group

CME Group invites you to attend an online event focusing on the Micro E-mini futures and options suite on Wednesday, March 22.

Join us as Craig Bewick, Senior Director of Client Development & Sales, and Paul Woolman, Global Head of Equity Products, discuss the trading performance and rise in liquidity of Micro E-mini Equity futures and options. In addition, they will cover recent enhancements to the suite, including the introduction of Micro E-mini S&P MidCap 400 and SmallCap 600 futures as well as the Micro E-mini Monday-Thursday Weekly options.

Follow the link below to register for this online event. Further instructions will be provided following registration.

REGISTER HERE 

 

DATE:

March 22, 2023

TIME:

8:00 a.m. – 9:00 a.m. (CT)

1:00 p.m. – 2:00 p.m. (GMT)

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

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

03-17-2023

#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.

Volatility is HIGH + 03.16.2023 Trading Levels

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

 

 

Trade June indices as well as June currencies!

What Traders need to Know to Finish the Trading Week:

By Mark O’Brien, Senior broker

 

Crude oil futures prices plunged more than $5.50 a barrel intraday today – touching a low of $65.65 (basis April) – to their lowest in more than a year as news that Credit Suisse’s biggest shareholder, Saudi National Bank, said it would not make further investments in the firm, sending the Swiss lender’s stock plunging ±27% and adding to the already extreme turmoil in the banking sector from the collapse of Silicon Valley Bank and Signature Bank last week here in the U.S.

In turn, gold futures prices climbed over 1% intraday with the April contract topping $1,942.50 per ounce intraday, it’s highest price since early February. Conversely, Copper futures lost ±11 cents / pound – over 4% intraday – with the May futures contract touching $3.84 / lb. matching prices from early January and extending a near month-long ±40-cent / $10,000 decline.

Not surprisingly, with the banking sector hitting rough seas this last week, treasuries have once again assumed their safe-haven status with the 30-yr. T-bond futures contract soaring ±10 full basis points ±$10,000 over the last nine trading days to March 3 and sending the benchmark 10-year Treasury note yield tumbling to near 3.5%

Significant volatility looks to be the order of the day for the near term across the major financial futures sectors – stock indexes, interest rates, currencies – as well as metals and energies. Up next, the FOMC meeting this coming Tuesday/Wednesday.

Be Careful out there, Plan your trade and trade your plan!

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

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

03-16-2023

#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

dfb235f4 3edb 4209 a751 5e5c23c8e85a

 

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.

CPI Tomorrow! + 03.14.2023 Trading Levels

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

 

Trade June indices as well as June currencies!

The Week Ahead,(hint CPI release tomorrow, Fed Blackout period, ECB Rate decision to name a few)

By John Thorpe, Senior broker

 

Or rather the weekend update for March 13th.. No government bailouts!

I bring this to everyone’s attention so you can, for yourself, rather than listen to our available media outlets what the Fed has decided to do and how they plan on addressing any future bank issues.  I have also included the FDIC links where Failed Banks will be listed. For now we have two  , let’s hope it stays that way..

 

Mixed signals from a number The US Treasury Department and The Fed over the weekend. (Janet Yellen said no help for the depositors of SVB on Saturday) Fed Reversed.

Here are a few links regarding the eye popping news of Bank Failures.

First from the Fed

Federal Reserve Board – Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors

Here are the rules for the failed banks

Bank Term Funding Program (federalreserve.gov)

 

The FDIC is where you can get the most recent updated list and what actions they take. Personally when the appoint a new CEO do your research on these people.

 

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/

https://www.fdic.gov/news/press-releases/2023/pr23019.html

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/signature-ny.html

 

Now for CPI! It’s tomorrow!

if CPI core services excluding housing is not also improving, the FOMC will have another reason to hike rates by 50 basis points at the March meeting. If some of the lagged effects of past rate hikes are visible release @ 7:30 CDT Tuesday.

FINAL Demand PPI on Wednesday at , you got it, the same time will move the market  although it shouldn’t be Brutal.

Thursday Jobless claims! Same bat time same bat station. Also the ECB Rate decision at 8:15 CDT 45 mins after the jobless claims and housing starts, we finish on ST. Paddy’s day! With a Leading indicators number that may be overshadowed by the previous economic releases. Be Careful out there, Plan your trade and trade your plan!

 

The March Mini SP resumed its rally into a new high earlier this month but was unable to sustain that renewed momentum now in the correction lower the chart is activated downside PriceCounts and quickly completed the first objective and showing signs of stability for a moment

 

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Hot market above is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

 

FREE TRIAL AVAILABLE

 

PriceCounts – Not about where we’ve been , but where we might be going next!

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

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

03-14-2023

#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

a8a6ec73 d4d0 4927 88c3 e621ef242196

 

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: Copper Outlook, Rollover Notice + Levels for March 13th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1137

 

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

In this issue:

  • Important Notices – Rollover Notice
  • Trading Resource of the Week – How to Rollover using E-Futures
  • Hot Market of the Week – May Copper
  • Broker’s Trading System of the Week
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – Rollover

Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.
I personally start trading June this Monday when the volume on June is higher than the March.
  Volume in the March contracts will begin to drop off until their expiration next Friday, March 17th (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 March futures contracts through 8:30 A.M., Central Time on March 17th, they will be offset with the cash settlement price, as set by the exchange.
 Monday, March 13th is Last Trading Day for March currency futures. It is of the utmost importance for currency traders to exit all March futures contracts by Friday, March 10th and to start trading the June futures. Currency futures are DELIVERABLE contracts.
The month code for June is ‘M.’  Please consider carefully how you place orders when changing over.

 

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Below you will see a unique way to customize your E-Futures DOM!
Custom DOM Layout - E-Futures International
Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
PriceCounts – Not about where we’ve been , but where we might be going next!
May Copper: May copper satisfied its first upside PriceCount objective and developed a sideway consolidation trade. If the chart can resume its rally with new sustained highs, the second count would project a run to the 4.60 area.
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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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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
Cannon Trading’s Recommended Starting Capital
$25,000
COST
USD 120 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for March 13th, 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

NFP Preview + 03.09.2023 Trading Levels

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

 

Ahead of NFP this Friday, the below is provided by our friends over at NewSquawk.com

PREVIEW: US nonfarm payrolls (Feb’23) to be released on Friday March 10th at 13:30GMT/08:30EST

Traders will frame the February jobs data in the context of the FOMC’s March 22nd meeting. Chair Powell this week has guided expectations towards a 50bps rate rise at that meeting, and suggested that the FOMC is likely to revise its view of the terminal rate higher.

Accordingly, the bar for further hawkish repricing is higher than the bar for any dovish tweaking to that pricing (the former being likely in the event of an upside surprise, and the latter in the event of a downside surprise).

The reaction will likely be largely premised on the headline and then the wage components. It is also worth noting that expectations for that March meeting will be refined by the CPI data for the month, which is due on March 14th.

EXPECTATIONS: The consensus looks for 203k nonfarm payrolls to be added to the US economy in February (forecast range: 100-325k), with the pace cooling from the 517k added in January. If the consensus is realized, it would be lower than the pace of the 3-, 6- and 12-month averages, at 356k, 349k and 414k respectively. The unemployment rate is expected to be unchanged at 3.4% (range: 3.3-3.5%); the Fed projects that the jobless rate will peak at 4.6% in 2023, although the central bank will update its economic projections at the March 21-22nd confab.

 

READ FULL COMMENTARY HERE

 

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By the way Did you know you can trade EVENT CONTRACTS?

Learn more HERE.

please reach out to your Cannon Trading Inc broker for details.

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

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

03-09-2023

#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

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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.