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Category: Commodity Trading

Investment is a game of money of securing future money by taking a risk today. Trading therefore comes with a list of rules to play by. Commodity trading in particular offers tremendous potential for becoming a completely different asset class.

However, before investing in any kind of commodity, you must do an in depth research and also ask your broker as many questions as possible. Through this category archive we provide you as much information and valuable insights into the world of commodity trading.

We at Cannon Trading are here to help you with your commodity trading needs. You as a trader should select your commodity trading advisor only after performing a due diligence on him/her. We in fact do that for you. This way, you get only the best advice to help you with your commodity trading.

We’ve got the information that you might need at every step of commodity trading, and you’ll find it all right here in the commodity trading section of our blog. Read up, and read on to get equipped!

CPI, Crude Oil, July Heating Oil, Soybeans; Your 4 Important Need-To-Knows for Trading Futures on June 12th, 2025

Posted on June 11, 2025 by Cannon Operations

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CPI Came and Gone

By Mark O’Brien, Senior Broker

cpi

General:

Consumer Price Index (CPI)

May’s Consumer Price Index (CPI) report showed inflation pressures eased on a monthly basis despite investor concerns that President Trump’s tariffs would accelerate the pace of price increases.

The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 0.1% month over month, below April’s 0.2% rise and lower than economists’ estimates of a 0.2% monthly gain in prices.

Energies:

Crude Oil

West Texas crude oil futures rallied to pre-“Liberation Day” levels as the U.S. and China tentatively reached a trade agreement. More consequentially, doubts grew that the U.S. and Iran were close to reaching a nuclear deal.

President Trump said he was losing confidence that a nuclear deal would be agreed upon, and Iran’s defense minister said his country would target U.S. military bases in the region if conflict broke out with the United States.

Amid those threats, the United States is evacuating diplomatic personnel from Iraq, a State Department official told the Middle East independent news Al-Monitor this afternoon.

Momentum likely also drew from this morning’s EIA’s report of a bigger-than-expected 3.6-million-barrel draw in U.S. crude stocks.

Grains:

Soybean, Corn

Conversely, Chicago Board of Trade soybean and corn futures drifted lower into the close of trading as uncertainty grew on a lack of specifics about agricultural goods in the framework of those same U.S. / China trade negotiations. China is the world’s biggest soybean importer, while the U.S. is the No. 2 exporter of the oilseed.

July Heating Oil

July heating oil is attempting to break out above the May high and resume its rally. New sustained highs would project a possible run to the first upside PriceCount objective to the 2.29 area. This target is consistent with a challenge of the April high and gap objective.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for June 12th, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.

Opinions, market data, and recommendations are subject to change at any time.

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Win the Inside Game! July Crude Oil, June Strawberry; Your 3 Important Need-To-Knows for Trading Futures on June 11th, 2025

Posted on June 10, 2025 by Cannon Operations

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Win the Inside Game!

By John Thorpe, Senior Broker

Win the Inside Game, Crude Oil

June’s Strawberry Moon (full) will not appear this low again until 2043

CPI and insight from a long-distance running coach.

I recently listened to a podcast where a long-distance running coach was interviewed, He has written a book “Win the Inside Game”, his name is Steve Magness and he writes about the psychology of winning and losing, training the mind to overcome your physiological responses to self-doubt, losing and overcoming your own mental short comings.

They certainly apply to our sport, trading.

There are many parallels between trading and competing in a sport, in fact, when I was on the exchange floors, many members were retired professional athletes.

What stuck out to me about the similarities between, sport and craft was we all respond to EXTERNAL triggers. Mr. Magness writes (I am paraphrasing)

“in Fight or Flight responses, for athletes, cortisol is a hormone your adrenal glands release when he or she loses an event, game, championship, or simply when they can’t reach a training goal. When the same athlete, wins a contest or reaches goals, testosterone is released.

“Men and Women have plenty of both and these hormones and when they are released, change your thinking therefore, your decision making. Unfortunately, the body can also overreact to stressors that are not life-threatening, such as traffic jams, work pressure, losing trades.”

The take away for me is after each trade, allow your body to return to a level of equanimity before you take your next trade. Keep your emotions in check.

Choose your opportunities wisely. Prepare for shocks, on inflation soft and hard data, Tomorrow we have a big number Consumer Price Index CPI pre cash market opening.

The Stock market will continue to reveal the battle between Push-Pull inflation with Tariff uncertainty through price action.

Tomorrow:

Econ Data: CPI

FED Speak: BlackOut Period

Earnings: Quiet

July Crude Oil

July crude oil made its low in April after it completed its fourth downside PriceCount objective. The low was tested and held; leading to the recent sideways range of trade. Now, the chart has broken out to the topside and activated upside counts with a first objective that projects a potential run to the $71 area.

Daily Levels for June 11th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

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.

Call Now

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Subscribe to our YouTube Channel

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or wherever you listen to podcasts!

June First Notice/Last Trading Days, mini-SP lows; Your 3 Important Need-To-Knows for Trading Futures on June 10th, 2025

Posted on June 9, 2025 by Cannon Operations

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Fist Notice and Last Trading Dates for June.

Today was one of the lowest volume days I’ve seen in the mini-SP (ES or EP) contract in 2025!

Not sure if the market got tired from recent volatility?

Perhaps summertime and waiting for news?

But as a trader, especially a day trader, note that recently we have seen more choppy, lower volume days than strong trending days.

Below are the contracts which are entering First Notice or Last Trading Day for June.

Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to…

First Notice and ALL positions be exited the day prior to Last Trading Day.

Daily Levels for June 10th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Juneteenth 2025 Trading Schedule – Your Important Info for Trading Futures during the 3-day Juneteenth Window

Posted on June 9, 2025 by Cannon Operations

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Juneteenth 2025 Trading Schedule

juneteenth

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.

Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

CQG Futures Platform

Posted on June 8, 2025June 4, 2025 by Ilan

In today’s fast-moving financial and commodities markets, choosing a reliable futures trading platform is critical. The CQG futures platform has established itself as a leader in the industry, providing professional-grade trading tools, superior data accuracy, and seamless execution. Whether you’re a novice or an institutional trader, CQG delivers a powerful and intuitive online futures trading platform experience that bridges you directly to global futures exchanges. Built to handle volatility, speed, and real-time decision-making, CQG’s extensive suite includes CQG Spreader, CQG Trader, CQG Mobile, and a CQG Desktop. Demos are also available in each product.

What is CQG? A Powerhouse in Futures Trading

CQG (Commodity Quote Graphics) is a world-renowned technology provider offering a reliable CQG trading platform infrastructure. Rather than acting as a broker, CQG supplies the backend technology that brokers use to route trades, stream quotes, and deliver analytical tools. It is trusted for its stable, high-performance environment, underpinning leading futures trading platforms used by professional traders and retail investors alike. The platform is known for ultra-low latency, reliability, and deep integration across more than 40 global exchanges.

Key CQG Platforms: Tailored Trading Solutions

CQG Desktop
CQG Desktop is a state-of-the-art, browser-based CQG platform offering traders powerful tools without the hassle of downloads. Built on HTML5, this platform is accessible from any modern browser and provides an ideal interface for active traders. Whether you’re running advanced charting setups, streaming quotes, or customizing dashboards, CQG Desktop is engineered to be lightweight, responsive, and scalable. With robust analytics, integrated order entry, and market heatmaps, CQG Desktop is the most flexible CQG futures platform available.

CQG Desktop Demo
The CQG Desktop Demo is the perfect entry point for new users wanting to experience the platform without risk. This simulated environment mirrors live markets with real-time data, enabling users to test strategies, learn interface features, and become familiar with CQG Desktop. Traders can request a CQG Desktop demo from brokers like Cannon Trading to gain hands-on experience using the CQG futures platform before going live.

Try a FREE Demo!

CQG Trader
If speed and simplicity are your priorities, CQG Trader is a streamlined application focusing purely on order execution and real-time quotes. This lightweight solution is ideal for those who do not require deep technical analysis or heavy charting. With the CQG Trader platform, you get fast market access, Depth of Market (DOM) tools, and efficient position management. It integrates directly with the same high-performance data feed that powers CQG Desktop.

CQG Mobile
CQG Mobile allows traders to access markets from their smartphone or tablet with the same core functionality as desktop interfaces. With CQG Mobile, you can monitor quotes, analyze charts, and place or manage trades on the go. This flexibility ensures you remain connected to the markets at all times. Traders can seamlessly switch from CQG Desktop to CQG Mobile using a unified CQG login that syncs positions, orders, and balances.

Data Matters: The CQG Data Feed

One of the key advantages of any CQG trading platform is the underlying CQG data feed. This low-latency, high-reliability stream of real-time and historical data covers commodities, stock indices, currencies, and more. The CQG futures platform uses co-located servers near exchange engines to reduce latency, enabling precise and fast executions. Whether you’re using CQG Desktop, CQG Trader, or CQG Mobile, the data feed ensures consistent quality and timing across devices.

Unified CQG Login and Platform Integration

The CQG ecosystem is designed with convenience in mind. With a single CQG login, traders can access all their preferred interfaces: CQG Desktop, CQG Trader, and CQG Mobile. This eliminates redundancy and improves security while ensuring real-time syncing of account data. Whether you’re trading from the office or checking positions on your phone, CQG maintains a consistent experience across the board.

CQG Platform Accessibility and Setup

Setting up any CQG futures platform is seamless. Several platforms are web-based including platforms like CQG Desktop are compatible with all major operating systems and require minimal technical setup. For those who prefer mobile access, CQG Mobile is available via major app stores and installs within minutes.

Why Use CQG Through Cannon Trading?

CQG Futures

Pairing CQG with an expert broker like Cannon Trading enhances the entire trading experience. Cannon Trading provides:

Access to CQG Spreader CQG Trader, CQG Mobile, and CQG Desktop setups.
Decades of industry experience, dating back to 1988.
Personalized support for setup, platform education, and real-time trading guidance.
5-star TrustPilot ratings and outstanding regulatory compliance.

Whether you’re testing strategies via a CQG Desktop demo, trading on your PC through CQG Integrated Client, or placing orders on the fly with CQG Mobile, Cannon Trading ensures you have the right support.

CQG Is the Benchmark in Futures Trading Platforms

From the highly accessible CQG Desktop to the fast and efficient CQG Trader and portable CQG Mobile, CQG provides a versatile and dependable trading environment. Supported by one of the fastest and most accurate data feeds in the industry, every CQG platform is optimized for performance, flexibility, and real-time decision-making. Traders can explore the system risk-free using a CQG Desktop Demo, then scale into full live trading using a consistent CQG login across all devices. For those seeking a professional-grade online futures trading platform, CQG stands out as the gold standard.

Try a FREE Demo!

Ready to start trading futures? Call us at 1(800)454-9572 (US) or (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

CPI, PPI, WASDE, NFP, Futures Spreads, July Silver; Your 5 Important Need-To-Knows for Trading Futures the Week of June 9th, 2025

Posted on June 6, 2025 by Cannon Operations

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Cannon Futures Weekly Letter

In Today’s Issue #1245

The Week Ahead – CPI, PPI, Inflation and WASDE
Futures 102 – Understanding Futures Spreads
Hot Market of the Week – July Silver
Broker’s Trading System of the Week – Mini NASDAQ Day Trading System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

cpi

CPI, PPI, NFP

Non-Farm Payrolls (NFP) came and went, the equities market liked the results. This week will feature a major Agricultural report WASDE, supply and demand numbers from around the globe, CPI and PPI.

No Fed speakers until after the FOMC Rate announcement 8 business days prior to the next FOMC rate decision, known as the blackout period, that encompasses all of next week. Light earnings, only 77 reporting as we are at the end of earnings season.

We will be rolling the Equity Index contracts to September (U) beginning next Friday.

Remember that current market drivers for Equities are hard data on Jobs, Inflation, Trump tweets (tariff talks not Elon small talk) and Geopolitics.

More volatility to come as next week all markets will be reacting to whatever comes out of the U.S. Govt leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations with periodic choppiness as the administration Vs the Courts seem to also be in the middle innings of their tariff battle.

Earnings Next Week:

Mon. Midsize Retailers
Tue. Gamestop, More Retailers,
Wed. Oracle
Thu. Adobe
Fri. quiet

FED SPEECHES: (all time CDT)

Mon. FED
Tues. Black OUT
Wed. Period
Thu. No
Fri. Speakers until June 18th.

Economic Data week:

Mon. Wholesale inventories, Consumer Inflation Expectations
Tue. NFIB Bus. Optimism Index
Wed. CPI, EIA Crude oil stocks
Thur. PPI, Continuing jobless claims, EIA Nat Gas storage, WASDE
Fri. Mich. Consumer Sentiment

Understanding Futures Spreads

Course Overview

This course covers the definition of futures spread trades and why you may want to add spreads to your trading strategy. We will discuss the benefits of spread trading which include potential less risk and cost efficiencies. This course will introduce the different types of spreads used with various products.

START YOUR FREE INTERACTIVE COURSE NOW!

Hot Market of the Week

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

Free Trial Available

July Silver

July silver is challenging its contract high from last fall. If the chart can break out with new sustained highs, we have open PriceCounts to the topside with the first objective projecting a possible run to the 38.45 area.

Brokers Trading System of the Week

Intra NASDAQ Trading System

Market Sector: Stock Index

Markets Traded: NQ -Mini Nasdaq 100

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $15,000

Developer Fee per contract: $90.00 Monthly Subscription

Get Started

Learn More

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

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent 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 backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING.

FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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Trading Levels for Next Week

Daily Levels for June 9th, 2025

Would you like to receive daily support & resistance levels?

Yes

No

Trading Reports for Next Week

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

www.mrci.com

Find us on Trustpilot

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.

Call Now

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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Non-Farm Payroll, July Silver; Your 2 Important Need-To-Knows for Trading Futures on June 6th, 2025

Posted on June 5, 2025 by Cannon Operations

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NFP – Non-Farm Payroll, July Silver; 6.6.25

By Ilan Levy-Mayer, VP

Non-Farm Payroll tomorrow. Market moving report.

non-farm payroll

Trading during the Non-Farm Payroll release can be highly volatile and unpredictable, making it crucial for traders to exercise caution. The Non-Farm Payroll report, released on the first Friday of each month, provides key insights into U.S. employment trends and can significantly impact currency, stock, and futures markets.

This sudden influx of data often triggers rapid price swings, stop hunts, and temporary market distortions. Many traders attempt to capitalize on these movements, but the heightened volatility can lead to increased slippage and unexpected losses.

It’s essential to use appropriate risk management strategies, such as adjusting position sizes, setting wider stop losses, or waiting until the initial volatility settles before entering a trade.

Another critical factor to consider is the drying up of liquidity during Non-Farm Payroll trading. Liquidity tends to thin out just before and immediately after the report as market participants, including institutional investors, pull back or adjust their positions cautiously.

This can result in exaggerated price movements, making it harder to execute trades at desired levels. Spreads may widen, and orders might experience delays or unfavorable fills.

To navigate this environment effectively, traders should be mindful of the risks and consider using limit orders instead of market orders, staying informed on previous Non-Farm Payroll trends, and avoiding overleveraging positions.

Patience and preparedness can help mitigate unnecessary risks while trading around this high-impact event.

That’s Non-Farm Payroll. Now, July Silver…

July Silver

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors.

Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for June 6th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

E-Mini: Dow, Nasdaq, S&P 500; Jobs Report, July Hogs: Your 5 Important Need-To-Knows for Trading Futures on June 5th, 2025

Posted on June 4, 2025 by Cannon Operations

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What to Know Before Trading Futures on June 5th

Key points for tomorrow: E-Mini, Jobs Report

By Mark O’Brien, Senior Broker

U.S. stock index futures traded on both sides of the flatline into today’s close of trading with a lack of progress on tariff negotiations and economic data suggesting the uncertainty was taking a toll.

E-Mini

e-mini

At this typing, the E-mini S&P 500 index traded near unchanged, while the E-mini Dow Jones contract dipped ±100 pts and the E-mini Nasdaq pushed up ±67 pts.

Trade News

President Donald Trump stated he expected a call with Chinese leader Xi Jinping this week to discuss trade, though he also suggested it might be an uphill battle. Investors would welcome any thaw in trade relations with China, one of the U.S.’s largest trading partners.

Jobs Report

Meanwhile, investors also await the Labor Department’s monthly jobs report this Friday. The report could be a barometer of how much, if any, businesses are delaying hiring due to tariffs.

On Wednesday, payroll processor ADP said private-sector firms added just 37,000 workers in May, the lowest since March 2023, and well below Wall Street’s expectations of 115,000 workers. April’s tally was also revised down. ADP’s report is sometimes seen as a harbinger of the official government release, though it often misses the mark.

Also on Wednesday, the nonpartisan Congressional Budget Office said Trump’s tax bill will increase deficits by $2.4 trillion over the next decade. Investors and analysts have warned that elevated deficits will lead to higher interest rates, since the U.S. government will need to pay more to attract investors to buy its debt.

Meanwhile, a closely-watched gauge of business activity in the service sector fell below the line that separates growth from contraction in April. ISM’s Services Purchasing Managers Index was at 49.9 in May, the lowest in a year, and a reminder of the impact of trade war uncertainty.

July Hogs:

July hogs are challenging their contract highs. The chart has upside PriceCounts in place where a breakout into new sustained highs would project a possible run to the first count to the 112.28 area.

Daily Levels for June 5th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Sierra Charts Futures Platform

Posted on June 3, 2025May 30, 2025 by Ilan

When it comes to choosing the best futures trading platform, Sierra Charts stands out as a top-tier solution designed for speed, precision, and customization. Renowned for its professional-grade features, Sierra Chart software caters to a wide range of users—from those just starting to trade futures to seasoned professionals using an institutional trading platform. With extensive capabilities, the Sierra Charts futures platform is your gateway to superior charting, fast execution, and deep market insight.

At Cannon Trading Company, traders using Sierra Charts benefit from a brokerage with more than 35 years of expertise in futures trading. Cannon Trading offers tailored solutions, expert support, and access to multiple elite platforms. For those exploring trading futures seriously, the partnership between Cannon Trading and Sierra Charts provides a great platform option.

What Makes Sierra Charts Great:

Sierra Charts software is a low-latency, high-performance platform built for futures trading. Designed to support high volume trading with hot keys. The platform is equally accessible to retail traders who also want to have some of the best tools for trading and charting.

Key Benefits of the Sierra Charts Platform:

Real-time Data: Capture every market movement with real-time and historical tick data—ideal for precise trading futures analysis. Only platform at Cannon Trading that offers free real-time market data through Teton
Custom Charting Options: Hundreds of technical studies and custom script capabilities built into the Sierra Charts futures trading platform.
Order Flow Mastery: Use TPO- volume profiles, footprint charts, and a deeply configurable DOM to visualize market activity.
Lightning-Fast Execution: Direct connectivity and server-side OCO/OSO orders make Sierra Chart software one of the most agile platforms for futures trading.

With support for a wide range of data feeds and brokers, Sierra Charts is more than a charting tool—it’s a comprehensive trading platform that adapts to the way you work.

Try a FREE Demo!

10 Tips to Master Sierra Charts for Trading Futures

Maximize your experience with these expert strategies tailored for the Sierra Charts desktop demo or live environment:

Study-Based Alerts: Use subgraphs to trigger alerts based on technical criteria—perfect for real-time decision-making in trading futures.
Chartbook Management: Organize chartbooks by asset class to streamline performance on your Sierra Charts platform.
Global Drawing Tools: Annotate symbols across all charts—crucial when analyzing multiple timeframes using Sierra Chart software.
Spreadsheet Systems: Build automated strategies without coding using Sierra’s spreadsheet features—a key strength of the Sierra Charts futures platform.
Volume-by-Price Analysis: Uncover high-volume price zones with insights only found on a true institutional trading platform.
Custom DOM Views: Fine-tune your DOM layout to suit scalping or swing strategies—only possible with Sierra Charts.
Replay Mode: Review historical trades to sharpen your edge using the Sierra Charts desktop demo tools.
Attached Orders: Implement advanced order logic such as OCO and OSO to protect your trades on the best futures trading platform.
Hotkey Execution: Set up order entry/exit shortcuts to save time in volatile markets—ideal for high-speed futures trading.
Auto Backup: Prevent data loss with auto-saved chartbooks and settings in Sierra Chart software.

These tips apply whether you’re testing strategies with a Sierra Charts demo or executing trades live via the full Sierra Charts futures trading platform.

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Sierra Charts Futures Platform

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✅ Why Cannon Trading Stands Out:

Decades of Trust: With over 35 years in the business Cannon Trading has withstood the greatest test- time
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Regulatory Integrity: Cannon Trading upholds strong compliance standards, creating a safe environment for futures trading. Cannon Trading is registered with the CFTC and NFA
Platform Variety: Besides the Sierra Charts platform, Cannon also supports Rithmic, Firetip, CTS T4, and more—solidifying its status as a provider of many of the best futures trading platform options.

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Combine that with the support of Cannon Trading Company—one of the most experienced names in trading futures—and you have a winning combination. Try the Sierra Charts demo, explore the capabilities of the Sierra Charts desktop demo, and experience firsthand why this platform is repeatedly chosen as the best futures trading platform on the market.

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This article has been generated with the help of AI Technology and modified for accuracy and compliance.

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Drawdowns, ISM, EIA Energy, Beige Book; Your 4 Important Need-To-Knows for Trading Futures on June 4th, 2025

Posted on June 3, 2025 by Cannon Operations

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Drawdowns

ISM, EIA Energy, Beige Book

By John Thorpe, Senior Broker

Relatively quiet day in most futures markets today,

Not much regularly scheduled economic or earnings news tomorrow with a glint of fed speakers, only 2.

The Drawdown

drawdown

Rather than doing a market recap today below is a brief I put together regarding drawdowns and the psychology of drawdowns: In my opinion, they are not a bad thing, in fact I believe that drawdown periods are a very sane and good thing for any solid strategy. Drawdown periods are very efficient to shake out weak traders from the strategy while smarter traders can pick up their money (which is the name of the game after all). The time that passes since the first equity high until we reach a new equity high is the drawdown period. So, a drawdown period has two dimensions:

The drawdown depth and the drawdown length.

Most people care about the drawdown depth as this is what is easier to see on back tests. However, the human the brain is much more affected by drawdown length. During live trading, it is easier to deal with a 10% drawdown for one week than with a 5% drawdown for five months.

Detailed statistical information about the strategy: Expected profit, expected drawdown, maximal drawdown depth and length, average win percentage, reward to risk ratio, …
Different scenarios and the actions to take (if any): intense and/or deep drawdown periods and what to do (or do nothing), whether to trade during Christmas time or summertime, whether to keep open positions during weekends or not, what to do after a losing year (or do nothing), funding and withdrawing plan, …
A very clear worst-case scenario: it is basically the “line in the sand” where we know that the strategy has lost it’s edge and something must be done (stop trading the strategy, adapting parameters, …). There are many ways to calculate it (double the max historical drawdown, using Montecarlo simulations, using regression lines multiplied by x times the standard deviation on the equity curve, …). In the end it is a number. The important thing is to have it written in the trading plan.

When facing a problem that generates pain or panic such as a sudden deep drawdown, most of the time, when analyzed with rigor and care, the problem is not so important, and everything is within expected statistics. You will see that there were many periods in the past with similar characteristics.

Market volatility is here to stay for the foreseeable future with its ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal (pre tariff talk normal)

Tomorrow:

Econ Data: ISM Services PMI, EIA Energy

FED Speak: 2

Earnings: Dollar Tree

Tariff news: Anything goes!

July Wheat – Corn Spread

It took a couple of attempts but the July wheat – corn spread has decisively broken out above the extended downtrend, and activated upside PriceCounts objectives in the process. The first count projects a possible run to the $1.20 area.

Daily Levels for June 4th, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.

Opinions, market data, and recommendations are subject to change at any time.

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CPI Came and Gone

By Mark O’Brien, Senior Broker

Consumer Price Index (CPI)

Crude Oil

Soybean, Corn

July Heating Oil

Daily Levels for June 12th, 2025

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Economic Reports

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Win the Inside Game!

By John Thorpe, Senior Broker

Win the Inside Game, Crude Oil

Tomorrow:

July Crude Oil

Daily Levels for June 11th, 2025

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Economic Reports

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Fist Notice and Last Trading Dates for June.

First Notice and ALL positions be exited the day prior to Last Trading Day.

Daily Levels for June 10th, 2025

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Economic Reports

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Juneteenth 2025 Trading Schedule

What is CQG? A Powerhouse in Futures Trading

Key CQG Platforms: Tailored Trading Solutions

Data Matters: The CQG Data Feed

Unified CQG Login and Platform Integration

CQG Platform Accessibility and Setup

CQG Is the Benchmark in Futures Trading Platforms

Cannon Futures Weekly Letter

In Today’s Issue #1245

The Week Ahead – CPI, PPI, Inflation and WASDE

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Understanding Futures Spreads

Course Overview

Hot Market of the Week

July Silver

Brokers Trading System of the Week

Would you like to get weekly updates on real-time, results of systems mentioned above?

Trading Levels for Next Week

Daily Levels for June 9th, 2025

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NFP – Non-Farm Payroll, July Silver; 6.6.25

By Ilan Levy-Mayer, VP

Non-Farm Payroll tomorrow. Market moving report.

That’s Non-Farm Payroll. Now, July Silver…

July Silver

Daily Levels for June 6th, 2025

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Economic Reports

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What to Know Before Trading Futures on June 5th

Key points for tomorrow: E-Mini, Jobs Report

By Mark O’Brien, Senior Broker

E-Mini

Trade News

Jobs Report

July Hogs: