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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!
Futures Broker
The futures trading market, known for its high risk and high reward potential, is not only a game of skill and strategy but also one that requires choosing the right futures broker. For novice and seasoned traders alike, navigating the world of future brokers can be fraught with challenges, especially when determining who to trust. With so much at stake—both financially and emotionally—it is crucial to recognize the signs of a reliable futures broker versus the red flags of an unreliable one. This guide will dive into the top ten signs of a trustworthy broker and the ten glaring warning signs to avoid, drawing on real-world cases, hypotheticals, and practical advice. We will also explore how traders can minimize their risks and why firms like Cannon Trading Company stand out as exceptional choices in the futures trading landscape.
Top Ten Signs of a Reliable Futures Broker
- Regulatory Compliance and Transparency A trustworthy futures broker is always registered with reputable regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the U.S. These registrations ensure compliance with stringent standards. Look for clear disclosures on their website, including license numbers and links to verification tools.
Case Study: A trader working with a broker fully licensed by the NFA avoided significant losses when the broker promptly alerted clients to regulatory changes affecting margin requirements. This transparency showcased the firm’s commitment to protecting its clients’ interests.
- Comprehensive Educational Resources Reliable futures brokers invest in educating their clients. They provide webinars, tutorials, and market analyses tailored to both beginners and experienced traders. Access to free trading platforms for practice is another strong indicator of a broker’s credibility.
Hypothetical: A beginner is torn between two brokers. One offers a free demo account and extensive learning material, while the other provides no educational resources. The beginner chooses the former and gains valuable experience in futures trading without risking real money.
- Fair and Transparent Fee Structures Reputable brokers clearly outline their fee structures, including commissions, margin rates, and withdrawal fees. Hidden charges are a sign of a broker to avoid.
Real Example: Cannon Trading Company is known for its transparency, offering clients detailed breakdowns of trading costs, ensuring there are no surprises.
- Quality Customer Service Trustworthy future brokers provide responsive and knowledgeable customer service, available across multiple channels, including phone, email, and live chat. Look for brokers with highly rated customer support.
Hypothetical: A trader faces a platform error during a critical market movement. The broker’s 24/7 support resolves the issue within minutes, preventing significant losses.
- User-Friendly Platforms A good broker provides intuitive and reliable trading platforms that cater to various levels of expertise. Features like advanced charting tools, real-time data, and easy execution of trades are essential.
Case Study: A trader using a platform provided by a reliable broker successfully executed a stop-loss order during a market crash, avoiding catastrophic losses thanks to the platform’s reliability.
- Access to a Wide Range of Markets Reliable futures brokers offer access to various markets, from commodities and indices to currencies and energy. This diversity allows traders to build robust portfolios.
- Strong Online Reputation High ratings on platforms like TrustPilot and positive reviews across forums and social media reflect a broker’s trustworthiness. Cannon Trading Company, for example, boasts numerous 5-star reviews, highlighting its reliability.
- Risk Management Tools Trustworthy brokers emphasize the importance of risk management by providing tools like stop-loss orders, margin calculators, and alerts.
- Industry Longevity Experience matters in futures trading. Brokers with decades of operation have weathered market changes, proving their resilience and reliability.
Example: Cannon Trading Company, with over 30 years in the industry, has built a stellar reputation for reliability and integrity.
- Ethical Practices Trustworthy brokers never pressure clients into excessive trading, upsell unnecessary products, or promise unrealistic profits. Their goal is long-term partnerships, not short-term gains.
Top Ten Red Flags of an Unreliable Futures Broker
- Lack of Regulatory Oversight Brokers without registration with major regulatory bodies are immediate red flags. Always verify their credentials.
Hypothetical: A trader works with an unregulated broker who disappears overnight with their funds—a devastating yet avoidable situation.
- Unrealistic Profit Guarantees Promising guaranteed returns in futures trading is a major red flag. The futures market is inherently volatile, and no broker can ensure profits.
- High-Pressure Sales Tactics Brokers that pressure clients into making quick decisions or investing more than they’re comfortable with are not to be trusted.
Case Study: A novice trader was persuaded to over-leverage their account, resulting in significant losses when the market turned against them.
- Hidden Fees Shady brokers often bury exorbitant fees in the fine print, from withdrawal charges to “maintenance fees.”
Example: One trader discovered after a year that their broker charged monthly inactivity fees, eroding their profits.
- Poor Customer Support Brokers that are difficult to reach or provide vague responses to inquiries are signs of trouble. A lack of support can be disastrous during market volatility.
- Unreliable Platforms Frequent outages, execution delays, or lack of robust security measures are clear signs of a broker to avoid.
- Fake Reviews and Endorsements Be wary of brokers with overly polished or suspiciously similar online reviews. Genuine testimonials are diverse and specific.
- Limited Account Transparency Reliable brokers offer full visibility into account activity. Lack of transparency may signal mismanagement or fraud.
- Excessive Leverage Offers Brokers offering extremely high leverage may be enticing but are often designed to capitalize on inexperienced traders’ losses.
- Unverified Claims of Longevity Brokers claiming decades of experience without proof or clear histories are likely unreliable.
Navigating Pedestals and Pitfalls as a Beginner
For those new to trading futures, separating the reliable from the questionable can be daunting. Follow these steps to minimize financial and emotional risk:
- Do Your Homework Research brokers extensively. Use resources like the NFA’s BASIC system to verify registrations.
- Start Small Begin with small trades to learn the mechanics of futures trading without risking significant capital.
- Leverage Demo Accounts Take advantage of brokers offering free trading platforms and demo accounts to practice.
- Understand the Market Educate yourself on futures trading, including market terminology, strategies, and risk management.
- Ask Questions A reliable broker will answer all questions openly. If a broker seems evasive, look elsewhere.
- Avoid High-Pressure Sales Walk away from brokers pushing you into decisions without providing ample time for consideration.
Why Cannon Trading Company Excels in Futures Trading
Cannon Trading Company exemplifies the qualities of a reliable futures broker. With over 30 years in the industry, it is regulated by the CFTC and a proud member of the NFA. The company is renowned for its transparency, offering clear fee structures and a range of account options. Its free trading platform allows beginners to learn the ropes without financial pressure, while its exceptional customer service ensures clients receive timely support.
Moreover, Cannon Trading Company’s stellar reputation on TrustPilot, with numerous 5-star ratings, speaks volumes about its reliability. The firm prioritizes client education through webinars and detailed market analyses, enabling traders to make informed decisions. Its dedication to ethical practices and robust regulatory compliance sets it apart in a crowded market.
The future trading market is filled with opportunities, but success begins with choosing the right futures broker. Recognizing the signs of a reliable broker—such as regulatory compliance, transparent fees, and quality support—while avoiding red flags like hidden charges, poor customer service, and unregulated operations can save traders from costly mistakes. For beginners, starting small, asking questions, and leveraging educational resources can help navigate this challenging yet rewarding field. Brokers like Cannon Trading Company stand out for their decades of experience, ethical practices, and commitment to client success, making them a top choice for trading futures.
For more information, click here.
Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.
This article has been generated with the help of AI Technology and modified for accuracy and compliance.
Follow us on all socials: @cannontrading
Movers and Shakers: Inflation Data, Market Highs, and Commodity Surges
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Futures Brokers USA
Navigating Market Volatility in 2025
As financial markets continue to experience unprecedented levels of volatility, futures brokers in the USA play an increasingly critical role in helping traders navigate the complexities of futures trading. Heading into 2025, the unpredictability of global economic conditions, geopolitical events, and shifting monetary policies underscore the need for strategic intervention by futures brokers. Traders face unique challenges and opportunities in these conditions, making the guidance of experienced professionals more valuable than ever.
In this article, we will examine how futures brokers in the USA can assist their clients in managing volatility, offering ten actionable techniques supported by real-life trades, case studies, and hypotheticals. We will also explore why Cannon Trading Company, a leading futures broker with a stellar reputation, is an exceptional choice for traders seeking stability in turbulent times.
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Hedging with Futures Contracts
One of the primary ways futures brokers help clients manage volatility is through hedging. By taking opposing positions in the futures market, traders can protect themselves against adverse price movements in underlying assets. For example:
- Case Study: A soybean farmer fears a drop in prices before the next harvest. By working with a futures broker, the farmer sells soybean futures contracts to lock in current prices. When the market later experiences a downturn due to surplus production, the loss in the physical market is offset by gains in the futures trading position.
Through personalized hedging strategies, futures brokers in the USA provide peace of mind to clients worried about market swings.
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Utilizing Options on Futures
Another effective technique is trading options on futures contracts. These instruments provide traders the right, but not the obligation, to buy or sell futures at a specific price. For instance:
- Hypothetical Example: An energy company anticipates rising oil prices but wants limited risk exposure. A futures broker advises purchasing call options on crude oil futures. If oil prices soar, the call options generate profit. If prices fall, the company’s loss is capped at the premium paid.
Options on futures trading offer traders a way to benefit from volatility while managing risk.
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Spreading Strategies
Spread trading, which involves taking offsetting positions in related contracts, is another volatility management tool. Examples include calendar spreads (trading futures with different expiration dates) and intercommodity spreads.
- Real-Life Example: A trader anticipates narrowing spreads between corn and wheat prices. A futures broker helps the trader go long on corn futures while shorting wheat futures. As the price gap tightens, the trader realizes gains irrespective of overall market direction.
This strategy reduces exposure to absolute price volatility and focuses on relative price movements.
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Leveraging Stop-Loss Orders
Stop-loss orders are a critical tool for managing downside risk in volatile markets. A futures broker can work with clients to establish stop-loss levels tailored to their risk tolerance.
- Case Study: A gold trader enters a long position expecting prices to rise due to inflation concerns. The futures broker sets a stop-loss order at a 5% decline. When prices unexpectedly drop due to a stronger dollar, the order is triggered, limiting losses.
Stop-loss orders ensure disciplined trading futures even in chaotic market conditions.
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Using Technical Analysis
Futures brokers often provide clients with advanced charting tools and technical analysis to identify key market levels. These insights help traders execute informed decisions.
- Example: A professional trader collaborates with a futures broker to analyze historical price patterns in the S&P 500 futures market. Using Fibonacci retracements and moving averages, they pinpoint entry and exit points during a volatile earnings season.
By leveraging technical analysis, futures brokers in the USA empower clients to act decisively.
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Diversifying Across Asset Classes
Diversification is a time-tested approach to mitigating risk. Futures brokers can guide traders in creating portfolios with exposure to various asset classes, such as commodities, equities, and currencies.
- Hypothetical Example: A trader overly reliant on equity index futures is advised by their futures broker to diversify into agricultural commodities. When equity markets experience heightened volatility, gains in agricultural futures trading help stabilize the portfolio.
This strategy minimizes reliance on a single market segment.
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Providing Real-Time Market Insights
Modern futures brokers in the USA offer access to real-time data and expert commentary to help clients anticipate and respond to market moves.
- Example: During the 2022 energy crisis, Cannon Trading provided clients with timely analysis of natural gas futures. Traders who acted on this information navigated extreme price fluctuations more effectively than those without broker insights.
Access to accurate, up-to-date information is a cornerstone of successful trading futures.
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Structured Trade Execution
Effective execution can make or break a trade during periods of high volatility. Experienced futures brokers employ smart order routing and execution algorithms to reduce slippage.
- Case Study: A high-frequency trader enters the E-mini S&P 500 futures market during a Fed announcement. With the help of a futures broker’s advanced platform, orders are executed swiftly, locking in favorable prices before the market reacts.
Top-tier execution is an often-underestimated advantage provided by reputable futures brokers in the USA.
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Educating Clients Through Webinars and Research
Education is vital for empowering traders to manage risk. Many futures brokers, including Cannon Trading, provide webinars, market reports, and one-on-one consultations.
- Real-Life Example: In 2023, Cannon Trading hosted a webinar on “Trading Futures During High Volatility.” Participants learned strategies to navigate unpredictable interest rate announcements, which they later applied successfully in live trades.
Educational resources ensure traders are equipped to make informed decisions in volatile markets.
- Offering Access to Diverse Trading Platforms
In a fast-paced environment, the right trading platform can be the difference between success and failure. Leading futures brokers in the USA provide clients with access to state-of-the-art platforms tailored to their needs.
- Example: A swing trader uses a multi-asset platform from Cannon Trading to monitor futures, options, and spot markets simultaneously. This integrated view helps them identify arbitrage opportunities during a market selloff.
The ability to trade seamlessly across markets enhances resilience in volatile times.
Why Choose Cannon Trading Company for Managing Volatility?
Cannon Trading Company is a standout in the crowded field of futures brokers in the USA, offering unmatched experience, client support, and technological resources. Here’s why Cannon is an excellent choice for traders concerned about market volatility:
- Decades of Experience: With over 35 years in the industry, Cannon Trading has weathered countless market cycles, making it a trusted partner in uncertain times.
- Top Regulatory Standards: Cannon Trading operates under strict compliance with U.S. regulatory bodies, providing traders with a secure and transparent trading environment.
- Highly Rated Service: The company boasts dozens of 5 out of 5-star ratings on TrustPilot, reflecting exceptional customer satisfaction.
- Diverse Platforms: Whether you are a beginner or a seasoned trader, Cannon Trading offers access to top-tier platforms like CQG, TradeStation, and Sierra Chart.
- Tailored Support: Cannon Trading’s personalized service helps traders develop customized strategies to navigate volatility effectively.
For traders seeking a reliable partner in futures trading, Cannon Trading delivers expertise, technology, and trustworthiness.
As we approach 2025, market volatility is likely to remain a defining feature of financial markets. Futures brokers in the USA play an indispensable role in helping traders navigate these challenges through hedging, diversification, advanced execution, and education. From stop-loss orders to real-time insights, the techniques outlined above demonstrate the breadth of strategies available to clients.
With a proven track record, comprehensive platform offerings, and a commitment to client success, Cannon Trading Company is uniquely positioned to assist traders in managing risk and capitalizing on opportunity in the world of futures trading. By leveraging the resources and expertise of leading futures brokers, traders can approach market volatility with confidence and resilience.
For more information, click here.
Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.
This article has been generated with the help of AI Technology and modified for accuracy and compliance.
Follow us on all socials: @cannontrading
Movers and Shakers: CPI on Deck, OPEC Leadership, and Commodity Surges
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OPEC Meeting Tomorrow: Crude Oil Insights and Trading Strategies
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DJIA Futures
Day Trading Tips and Pitfalls
Day trading DJIA futures offers an exciting opportunity to participate in one of the world’s most liquid and influential financial markets. DJIA futures, or Dow Jones futures, are derivatives that allow traders to speculate on the movement of the Dow Jones Industrial Average (DJIA). This article delves into the nuances of day trading DJIA futures, provides essential tips, lists key facts about the contracts, and highlights the services of Cannon Trading Company as a reliable futures trading partner.
What Are DJIA Futures?
DJIA futures contracts are standardized agreements to buy or sell the Dow Jones Industrial Average at a predetermined price on a specific future date. These contracts are traded on the Chicago Mercantile Exchange (CME) and offer high liquidity, making them a popular choice for traders looking to capitalize on short-term price movements.
Tips for Day Trading DJIA Futures
- Understand Market Dynamics
- Tip: Familiarize yourself with how DJIA futures are influenced by macroeconomic data, Federal Reserve announcements, and geopolitical events. For example, a positive nonfarm payroll report could lead to a spike in Dow Jones futures prices due to increased investor confidence.
- Use Technical Analysis
- Tip: Employ tools such as moving averages, Fibonacci retracements, and Bollinger Bands to identify potential entry and exit points. For instance, if the DJIA futures contract breaks above a key resistance level, it could signal a bullish trend.
- Set Realistic Goals
- Tip: Avoid chasing large profits and focus on consistent gains. For example, a trader targeting 20-30 points per trade on DJIA futures may have better success than someone aiming for hundreds of points in a single session.
- Manage Risk Effectively
- Tip: Always use stop-loss orders to protect against significant losses. A stop-loss placed 10 points below your entry price can limit potential downside while allowing room for market fluctuations.
- Monitor Market Opening and Closing Times
- Tip: The first and last 30 minutes of trading often see the most volatility. Savvy traders capitalize on this by placing trades during these windows while remaining cautious of sudden price swings.
- Avoid Overleveraging
- Tip: While trading futures offers leverage, excessive risk can lead to large losses. For example, trading one DJIA futures contract with a $10,000 account and proper risk management is more sustainable than overcommitting your capital.
- Stay Updated with News
- Tip: Major news events can lead to sudden spikes or drops in Dow Jones futures. For example, during a Federal Reserve announcement, DJIA futures might experience a 100-point swing in minutes.
- Practice Discipline
- Tip: Stick to your trading plan and avoid emotional decisions. For instance, if your strategy dictates exiting a trade after 20 points, resist the urge to hold out for more.
- Utilize a Reliable Trading Platform
- Tip: A robust platform ensures accurate execution and access to analytical tools. This is where companies like Cannon Trading shine, offering a wide selection of trading platforms tailored to traders’ needs.
- Learn from Experience
- Tip: Keep a trading journal to document successes and failures. Reviewing trades helps refine strategies, such as identifying patterns in winning and losing trades on DJIA futures.
Key Facts About DJIA Futures Contracts
- Standardized Contracts
- Example: The E-mini Dow futures (YM) contract represents $5 per index point, making it accessible for traders with smaller accounts.
- High Liquidity
- Case Study: A day trader executes multiple trades during a Federal Reserve announcement, benefiting from tight bid-ask spreads due to high liquidity in the DJIA futures market.
- Leverage Opportunities
- Hypothetical Scenario: A trader with $5,000 controls a DJIA futures contract worth $160,000, amplifying both potential gains and risks.
- Margin Requirements
- Example: Initial margin for E-mini Dow futures might be $1,500, allowing traders to enter the market with a fraction of the contract’s value.
- Market Hours
- Real-Life Trade: A trader monitors overnight market movements before placing a trade at market open, capitalizing on trends in Dow Jones futures.
- Tick Size
- Example: Each tick (minimum price movement) in the E-mini Dow is $5, making it critical for traders to calculate risk precisely.
- Settlement
- Fact: DJIA futures are cash-settled, meaning no physical delivery of underlying assets occurs at expiration.
- Correlation with the Dow Jones Index
- Case Study: A sharp drop in the Dow Jones index during a market correction leads to a corresponding decline in Dow futures, highlighting the close relationship.
- Volatility
- Hypothetical Scenario: During an unexpected interest rate hike, DJIA futures drop by 200 points within minutes, demonstrating the impact of volatility.
- Suitability for Day Traders
- Fact: High liquidity, low tick sizes, and tight spreads make DJIA futures ideal for day trading.
Common Pitfalls in Day Trading DJIA Futures
- Ignoring Risk Management
- Many traders fail to set stop-loss orders, leading to outsized losses. For instance, a 50-point drop in DJIA futures can translate to a $250 loss per contract if unmanaged.
- Trading Without a Plan
- Entering trades impulsively often results in losses. For example, chasing a price spike without analyzing support and resistance levels can lead to poor outcomes.
- Overtrading
- Excessive trading incurs higher transaction costs and increases the likelihood of errors.
- Misusing Leverage
- Overleveraging magnifies losses. A trader using 10x leverage on a $10,000 account risks losing the entire balance in a single bad trade.
- Falling for News Hype
- Acting on unverified news can lead to poor decisions. For instance, false rumors about corporate earnings might trigger unnecessary trades.
Why Choose Cannon Trading Company?
Cannon Trading Company stands out in the trading futures industry for several reasons:
- Wide Selection of Platforms
- Traders can choose from platforms like CQG, Rithmic, and others to match their trading style. These platforms are optimized for speed, reliability, and advanced analytics, essential for success in DJIA futures
- TrustPilot Ratings
- With dozens of 5-star reviews, Cannon Trading has established itself as a trusted partner in the Dow futures
- Regulatory Reputation
- Cannon Trading complies with stringent industry standards, ensuring transparency and reliability.
- Decades of Experience
- Established in 1988, Cannon Trading boasts deep market expertise, helping traders navigate the complexities of Dow Jones futures.
Examples of Real-Life and Hypothetical Trades
Real-Life Trade Example
A trader monitors the DJIA futures market during a Federal Reserve announcement. Spotting a bullish trend after dovish comments, they enter a long position at 34,500 and exit at 34,520, gaining $100 per contract. 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.
Hypothetical Trade Scenario
A day trader notices a double-bottom pattern on the 15-minute chart. They enter a long position at 34,300 with a stop-loss at 34,280 and a target at 34,350. The trade hits the target, netting a $250 profit per contract.
Day trading DJIA futures requires a blend of market knowledge, technical skill, and disciplined execution. Understanding the contract specifications, mastering risk management, and choosing a reliable trading partner like Cannon Trading Company are critical for success. With a robust platform selection, decades of expertise, and exceptional customer reviews, Cannon Trading offers the tools and support traders need to thrive in the competitive Dow futures market.
For more information, click here.
Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.
This article has been generated with the help of AI Technology and modified for accuracy and compliance.
Follow us on all socials: @cannontrading
Weekly Newsletter: The Week Ahead in Futures Trading, Auto Trading System, 10 Year Outlook & More!
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Cannon Futures Weekly Letter Issue # 1220
In this issue:
- Important Notices – Earnings, CPI, WASDE, The Week Ahead.
- Futures 102 – Crude Oil Outlook + Premium Daily Research
- Hot Market of the Week – March 10 Year Notes
- Broker’s Trading System of the Week – Mid Cap Swing System
- Trading Levels for Next Week
- Trading Reports for Next Week
Important Notices – Next Week Highlights:
The Week Ahead
By John Thorpe, Senior Broker
294 corporate earnings reports and a number of meaningful Economic data releases including Consumer Price Index (CPI) and Producer Price Index (PPI). It’s also the beginning of the Fed Blackout period and the Monthly USDA World Agriculture Supply and Demand (WASDE)report will also be next week!
Prominent Earnings Next Week:
- Mon. Oracle , post close
- Tue. Gamestop
- Wed. Adobe
- Thu. Broadcom, Costco
- Fri. quiet
FED SPEECHES:
- This is the Fed Black out period in advance of the Dec 18th, Yearend, Fed Meeting. According to the CME FedWatch Tool as of today, Dec 6th , There is an 87.1 % likelihood of a .25 basis cut from the current Fed Funds rate of 4.50-4.75 range, during the upcoming meeting, Therefore a 12.9 % probability of remaining steady with no change.
Economic Data week:
- Mon. Wholesale Inventories, Consumer Inflation Index
- Tues. NFIB Business Optimism Index , Redbook, WASDE
- Wed. CPI
- Thur. PPI, Jobless claims
- Fri. Export Prices
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Futures 102: Crude Oil In Depth Analysis
Get Personalized Trading Reports Like the One Above Directly to your Inbox!
- Get qualified support and resistance levels for precise risk management on different commodity markets.
- Get pivot points that highlight shifts in the futures market momentum.
- Get technical forecasts to keep you on the right side of a specific commodity trading market.
- One on One “Daily Digest” with a dedicated series 3 professional.
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- Hot Market of the Week
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
March 10 Year Treasury Notes
The rally in the March 10 Year completed its first upside PriceCount objective last month and consolidated its trade. Now, the chart has resumed its rally where the second count projects a possible run to the 111^31 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
Broker’s Trading System of the Week
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
MidCap Yellow
PRODUCT
Mid Cap SP400
SYSTEM TYPE
Swing Trading
Recommended Cannon Trading Starting Capital
$50,000
COST
USD 110 / monthly
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Daily Levels for December 9th, 2024
Weekly Levels for the week of
December 9th, 2024
Improve Your Trading Skills
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
NFP Tomorrow: Key Insights and Market Impacts
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Movers and Shakers: Political Turmoil, Market Highs, and Economic Indicators
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