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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!

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

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

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

The following are suggestions on trading during FOMC days:

 

·    Reduce trading size

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

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

·    Expect the higher volatility during and right after the announcement

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

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

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

·    Be patient and be disciplined

·    If in doubt, stay out!!

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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.

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Futures Trading Levels

09-20-2023

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

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

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

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

The Week Ahead: FED Talk

By John Thorpe, Senior Broker

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

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

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

 

 

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

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

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

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

Earnings

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

 

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

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Futures Trading Levels

09-19-2023

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

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

S&P Futures: Trading, Components, and Hedging Strategies with Cannon Trading Company

Posted on by Cannon Operations

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

S&P futures, including E-mini S&P futures and Micro S&P futures, are among the most widely traded derivatives in the world. These futures contracts are based on the S&P 500 stock index, which is a benchmark for the performance of large-cap U.S. stocks. In this comprehensive guide, we will explore the components of the S&P 500 index, where S&P futures are traded, their trading hours, and how they can be effectively used for hedging. Furthermore, we’ll elaborate on why Cannon Trading Company is considered one of the best brokers for trading the S&P 500 futures contracts.

Components of the S&P 500 Index

The S&P 500 index represents a diverse cross-section of the U.S. stock market. It comprises 500 of the largest and most prominent publicly traded companies in the United States. These companies are selected based on various factors, including market capitalization, liquidity, and sector representation. Some of the sectors and industries represented in the S&P 500 index include:

  1. Information Technology: Companies such as Apple, Microsoft, and Alphabet (Google) are major components of the S&P 500, reflecting the dominant role of the tech sector in the U.S. economy.
  2. Healthcare: Pharmaceutical giants like Johnson & Johnson and biotech firms like Pfizer are included in the index, representing the healthcare sector.
  3. Financials: Major U.S. banks like JPMorgan Chase, Bank of America, and Wells Fargo are part of the index, reflecting the strength of the financial sector.
  4. Consumer Discretionary: Retailers like Amazon and consumer brands like Walt Disney are important components of the S&P 500, representing consumer discretionary spending.
  5. Energy: Leading energy companies like ExxonMobil and Chevron are included, reflecting the importance of the energy sector.
  6. Industrials: Companies like Boeing and General Electric represent the industrial sector within the index.
  7. Consumer Staples: Household names like Procter & Gamble and Coca-Cola are part of the index, representing consumer staples.
  8. Utilities: Utility companies like NextEra Energy are included for their role in providing essential services.
  9. Materials: Companies in the materials sector, including chemical and mining firms, are also represented.
  10. Real Estate: Real estate investment trusts (REITs) like Simon Property Group are included to reflect the real estate market.

Where Are S&P Futures Traded?

S&P futures are primarily traded on futures exchanges, with the Chicago Mercantile Exchange (CME) being the most prominent venue. The two main types of S&P futures contracts are:

  1. 1. E-mini S&P 500 Futures: These are electronically traded futures contracts that represent a fraction of the value of the standard S&P 500 index. E-mini contracts are highly liquid and are preferred by many traders due to their accessibility and affordability.
  2. Micro S&P 500 Futures: Micro S&P futures are even smaller contracts than the E-minis. Designed for those who wish to fine-tune their position sizes, they offer a cost-effective way to gain exposure to the S&P 500.

Trading Hours for S&P Futures

S&P futures, including E-mini and Micro contracts, trade 23 hours a day, from 5:00 pm Central time around the clock to 4:00 pm the following day.

Hedging with S&P Futures

S&P futures are a popular choice for hedging equity portfolios because they closely track the performance of the S&P 500 index. Here’s how traders and investors can use S&P futures for hedging purposes:

  1. Portfolio Protection: Investors with significant holdings in U.S. equities can use S&P futures to protect their portfolios from market downturns. By taking a short position in S&P futures, they can offset potential losses in their stock holdings.
  2. Single-Stock Risk Mitigation: If an investor holds a substantial position in a specific S&P 500 component stock, they can hedge against the stock’s price movements by taking an opposing position in S&P futures.
  3. Event Risk Hedging: Events such as earnings announcements, economic data releases, or geopolitical events can lead to increased market volatility. Traders can use S&P futures to hedge their positions ahead of such events.
  4. Sector-specific Hedging: If an investor has a concentrated portfolio within a specific sector represented in the S&P 500, they can hedge against sector-specific risks by trading S&P futures.

Why Cannon Trading Company Is the Best Broker for S&P Futures

Cannon Trading Company has earned a strong reputation as one of the best brokers for trading S&P futures. Here are some key reasons why Cannon Trading stands out in the industry:

  1. 1. Expertise and Experience: Cannon Trading has been serving traders and investors for over three decades. Their team of experienced brokers and staff members possess deep knowledge of the futures and commodities markets, including S&P futures.
  2. Multiple Trading Platforms: Cannon Trading offers a variety of advanced trading platforms, including CQG, Sierra Chart, and R Trader. These platforms cater to traders of all levels and provide the tools needed for effective S&P futures trading.
  3. Personalized Service: The brokerage is known for its personalized approach in client relationships. They take the time to understand each client’s unique trading goals and offer tailored solutions and guidance.
  4. Competitive Pricing: Cannon Trading offers competitive commission rates, ensuring that traders can keep their trading costs in check, which is especially important for frequent S&P futures traders.
  5. Educational Resources: Cannon Trading provides a wealth of educational resources, including webinars, market analysis, and trading guides, to help traders improve their skills and make informed decisions.
  6. Regulation and Security: As a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), Cannon Trading adheres to strict industry regulations, providing clients with a secure trading environment.

S&P futures, including E-mini S&P futures and Micro S&P futures, play a vital role in the world of derivatives trading. They provide exposure to the performance of the S&P 500 index, making them a valuable instrument for traders and investors. Cannon Trading Company, with its wealth of experience, personalized service, advanced trading platforms, competitive pricing, and commitment to client education, stands out as one of the best brokers for S&P futures trading. Whether you are looking to hedge your portfolio or actively trade these contracts, Cannon Trading can provide the support and resources you need to navigate the world of S&P futures effectively.

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

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

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

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1163

 

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

In this issue:

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

  • Important Notices – December is FRONT MONTH

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

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

 

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

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
This article was published on FinanceMagnates.com back a couple years ago but is definitely a timeless article.
Today I decided to touch more on an educational feature rather than provide a certain market outlook. Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.
Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.
Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between. Some of the basic elements of trade management before even entering the trade are: What will my stop loss be**? will i use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?
Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
November unleaded gasoline The rally in Nov unleaded completed second upside PriceCount objective and developed a sideways/ rangebound trading action. If the market can breakout to the upside , it can project a run to the 3rd objective at 2.77 level
PriceCounts – Not about where we’ve been , but where we might be going next!
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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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  • Broker’s Trading System of the Week

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

 

  • Trading Levels for Next Week

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

 

  • Trading Reports for Next Week

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First Notice (FN), Last trading (LT) Days for the Week: www.mrci.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 herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

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

Quadruple Witching + Levels for Sept. 15th 2023

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

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

by Mark O’Brien, Senior Broker:

 

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

 

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

 

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

 

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

 

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

 

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

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

 

Volume in the September contracts will begin to drop off until their expiration Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.

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

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

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

Rollover Futures contract on E-Futures platform

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

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Futures Trading Levels

09-15-2023

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

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

PPI, Retail Sales & ECB Tomorrow! + Levels for Sept. 14th

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

What you need to know before trading futures on Sept. 14th:

  • Front month for stock index futures is December!
  • Busy day tomorrow with multiple reports, see below!
  • Natural Gas numbers are out tomorrow.
  • Quadruple witching is this Friday!
Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000. 

 

Volume in the September contracts will begin to drop off until their expiration Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.

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

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

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

Rollover Futures contract on E-Futures platform

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

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Futures Trading Levels

09-14-2023

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Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

CPI tomorrow! + Levels for September 13th 2023

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

What you need to know before trading futures on Sept. 13th:

  • Front month for stock index futures is December!
  • Highly anticipated CPI report is tomorrow
  • Crude oil numbers are out tomorrow as the energy sector broke out to the upside in a strong way these past 2 weeks.
Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000. 

 

Volume in the September contracts will begin to drop off until their expiration Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.

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

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

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

Rollover Futures contract on E-Futures platform

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

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-13-2023

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

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

CPI, PPI, Rollover…busy week ahead! + Levels for September 12th 2023

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

The Week Ahead: Will CPI alter your trading strategy?

By John Thorpe, Senior Broker

On the earnings front two additional AI equity plays report this week, both after their respective close. Oracle today is expecting a $1.14 per share increase (10.7% YoY) and Adobe on Thursday. Wallstreet analysts are expecting ADBE to report +3.98 per share (+17.0% YoY) These two earning factors could create directional change in the indices on the days following the releases. The Government reports being released this week could alter the course of the Fed’s short term interest rate decision making come September 20th.

The Fed has publicly stated in recent interviews and statements that the current string of rate increases used to assist in curbing inflation may be drawing to a close however, they will wait and see what the upcoming inflation numbers reveal. If the next two CPI reports show inflation running hot, especially in the service and shelter categories that the Fed is watching closely, then the chance of a November hike could increase.

The Fed Funds Futures (ZQU23) Market is assigning a 93 % probability that the Fed will not raise during the Sep 20 meeting. This viewpoint could change significantly after several important reports will be released this week. Circle your calendars for Wednesday the 13th @ 7:30 A.M. CDT for CP and Thursday the 14th @7:30 A.M. CDT for 3 numbers: PPI final, Retail sales and Jobless claims. Finally on Friday @8:15 A.M. CDT for Industrial Production.

Expectations for CPI from Econoday.com are: Core prices in August are expected to hold steady and modest at a monthly increase of 0.2 percent to match July’s as-expected 0.2 percent increase. Yet overall prices, reflecting food and energy, are expected to rise 0.6 percent after July’s 0.2 percent increase which was also as expected. Annual rates, which in July were 3.2 percent overall and 4.7 percent for the core, are expected at 3.6 and 4.4 percent respectively.

What is CPI (Consumer Price Index)? is a measure of the average change over time in the prices paid by urban consumers for a representative basket of consumer goods and services. The CPI measures inflation as experienced by consumers in their day-to-day living expenses.

Scope: Urban Consumers How the data is obtained: Survey of Business, Survey of Households. Sample sizes : CPI Survey collects about 94,000 prices and 8,000 rental housing unit quotes each month.

If you would like to drill down further, you can find a few links provided by the Bureau of Labor Statistics to CPI Fact sheets: Consumer Price Index Factsheets : U.S. Bureau of Labor Statistics (bls.gov)

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

 

Volume in the September contracts will begin to drop off until their expiration Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.

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

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

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

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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.

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Futures Trading Levels

09-12-2023

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

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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.

Navigating Online Commodities Trading: The Role of Commodity Brokers and the Cannon Trading Advantage

Posted on by Cannon Operations

Read more about commodities trading with Cannon Trading Company here.

Commodity trading has long been a cornerstone of global markets, providing investors with the opportunity to participate in the fluctuating prices of essential raw materials, from precious metals like gold and silver to agricultural products such as wheat and soybeans. In the modern era, the advent of online commodities trading has democratized access to these markets, making it possible for traders of all backgrounds to engage in commodity trading from the comfort of their homes or offices. However, to embark on a successful online commodities trading venture, one needs the guidance and support of a reputable commodity broker. Cannon Trading Company, with its 35 years in business, multiple awards, and a stellar TrustPilot rating of 4.9 out of 5 stars, stands as a prime example of what traders should seek in a commodity broker.

 

Understanding Commodity Brokers and Online Commodities Trading

  1. Commodity Brokers: Commodity brokers are intermediaries or professionals who facilitate the buying and selling of commodity futures contracts on behalf of their clients. They play a pivotal role in ensuring that traders have access to the commodities markets, receive efficient execution of their trades, and benefit from valuable insights and expertise.
  2. Commodity Trading: Commodity trading involves speculating on the future price movements of various physical goods or raw materials. These goods can be classified into categories such as energy commodities (e.g., crude oil), agricultural commodities (e.g., corn), and precious metals (e.g., gold). Traders can profit from price fluctuations by entering into futures contracts, which obligate them to buy or sell the underlying commodity at a predetermined price on a specified future date.
  3. Online Commodities Trading: The advent of online trading platforms has revolutionized commodity trading. Traders can access these platforms through commodity brokerage firms and execute trades in real-time. Online commodities trading offers convenience, accessibility, and a wide array of trading tools and resources.

Choosing the right commodity broker is pivotal to the success of your online commodities trading venture. Here are key factors to consider when evaluating a commodity broker:

  1. Experience and Reputation: A commodity broker with a solid track record and reputation is essential. Look for firms with years of experience in the industry and a history of satisfied clients.
  2. Range of Commodities: Ensure that the broker provides access to a diverse range of commodities, including energy, agricultural, and precious metals. This allows you to diversify your portfolio and explore different markets.
  3. Trading Tools: Evaluate the trading tools and platforms offered by the broker. These should be user-friendly, offer real-time data, and support advanced analysis techniques. A reliable platform can significantly enhance your trading experience.
  4. Customer Support: Effective customer support is crucial in commodities trading. You should be able to reach out to the broker’s support team quickly and receive prompt assistance, especially in times of market volatility.
  5. Educational Resources: Look for brokers that offer educational resources such as webinars, seminars, market analysis, and trading guides. These resources can help you improve your trading skills and make informed decisions.
  6. Fees and Commissions: Understand the fee structure of the broker, including commissions and spreads. Compare these fees to ensure they align with your trading budget and objectives.
  7. Regulation and Security: Verify that the broker is regulated by relevant authorities. Regulatory compliance is a sign of a trustworthy broker. Additionally, ensure that the broker’s online trading platform is secure and employs encryption to protect your data and transactions.

Cannon Trading Company: A Leading Futures Brokerage

Cannon Trading Company stands as a shining example of a leading futures brokerage that embodies all the qualities and features traders should seek in a commodity broker for their online commodities trading venture.

  1. 35 Years in Business: The longevity of Cannon Trading Company in the industry speaks volumes about its reliability and commitment to its clients. With 35 years of experience, the firm has weathered market fluctuations and adapted to the evolving landscape of commodities trading.
  2. Multiple Award-Winning Firm: Cannon Trading has garnered numerous awards and accolades over the years, underscoring its excellence in the field of commodities trading. These awards serve as a testament to the firm’s dedication to providing top-notch services to its clients.
  3. TrustPilot Rating: Cannon Trading Company’s remarkable TrustPilot rating of 4.9 out of 5 stars solidifies its reputation as a trusted and reputable commodity broker. TrustPilot is a renowned platform for customer reviews and ratings, known for its transparency and authenticity. Achieving such a high rating reflects the firm’s consistent commitment to customer satisfaction.

Cannon Trading Company’s Commitment to Excellence

Cannon Trading Company has consistently demonstrated its commitment to excellence in commodities trading. Here are some key attributes that have contributed to its success and high TrustPilot rating:

  1. Expertise: The team at Cannon Trading comprises knowledgeable professionals with years of experience in commodities markets. Their expertise allows them to provide valuable insights and guidance to traders.
  2. Wide Range of Commodities: Cannon Trading offers access to a diverse range of commodities, allowing traders to explore various markets and diversify their portfolios.
  3. Trading Tools: The firm provides a range of trading tools and platforms designed to meet the needs of traders at all levels of expertise. These platforms are user-friendly and offer real-time data and analysis tools.
  4. Customer Support: Cannon Trading’s customer support team is readily accessible and responsive. They understand the importance of prompt assistance, especially in the fast-paced world of commodities trading.
  5. Educational Resources: The company offers educational resources, including webinars, seminars, and market analysis reports, to help traders enhance their knowledge and skills.
  6. Regulation and Security: Cannon Trading Company is regulated by relevant authorities, ensuring compliance with industry standards. The firm also prioritizes the security of its clients’ data and transactions.

 

Embarking on an online commodities trading venture requires careful consideration of the commodity broker you choose to partner with. The success of your trading endeavors hinges on factors such as the broker’s experience, reputation, range of commodities, trading tools, customer support, educational resources, fees, and security measures. Cannon Trading Company, with its 35 years in business, multiple awards, and a stellar TrustPilot rating of 4.9 out of 5 stars, exemplifies the qualities and features traders should seek in a commodity broker.

In a market where trust, reliability, and expertise are paramount, Cannon Trading Company stands out as a leader in the field of online commodities trading. Whether you’re a seasoned commodities trader or just starting your journey in this exciting market, partnering with Cannon Trading Company can provide you with the support and resources needed to navigate the complexities of commodities trading and pursue your investment goals with confidence.

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

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

 

Weekly Newsletter: NQ, ES Rollover Notice + Levels for Sept. 11th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1162

 

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

In this issue:

  •  Trading Updates: Rollover notice
  • Trading Resource of the Week – bonds Futures Trading Contest!
  • Hot Market of the Week – November Unleaded Gasoline
  • Broker’s Trading System of the Week – NQ Day Trading System Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices – Rollover Notice

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 December this Monday when the volume on December is higher than the September.
  Volume in the September contracts will begin to drop off until their expiration next Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.
 Monday, September 18th is Last Trading Day for September currency futures. It is of the utmost importance for currency traders to exit all September futures contracts by Friday, September 15th and to start trading the December futures. Currency futures are DELIVERABLE contracts.
The month code for December is ‘Z.’  Please consider carefully how you place orders when changing over.

Trading Resource of the Week – : Simulated Trading Contest with Real Cash Prizes!!

Sign up to win up to $2500 in cash prize and practice your rate futures trading skills ( bonds, ten years, 5 years etc.)

 

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Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
December soybean oil slowed its rally last months against the fall high and corrected. Now, the chart has recovered and is poised for another challenge of the fall and July highs. If we can break out to the upside with new sustained highs, we have a first upside PriceCount projection to the 68.51 area to aim for.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
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  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$45,000
COST
USD 475 / monthly
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
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  • Trading Levels for Next Week

Daily Levels for September 11th, 2023

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  • Trading Reports for Next Week

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First Notice (FN), Last trading (LT) Days for the Week: www.mrci.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 herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

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