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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!

The Week ahead – FOMC & NFP 01.31.2023 Futures Trading Levels

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

The Week Ahead – FOMC and NFP

By John Thorpe, Senior Broker

 

A week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. Markets have been veering recently on worries that the economy and corporate profits may be set for a steep drop-off, along with competing hopes that cooling inflation will get the Federal Reserve to take it easier on interest rates.

The central bank’s next decision on rates is coming Wednesday, and most investors expect it to announce an increase of just 0.25 percentage points. That would be the smallest increase since March, following a spate of hikes of 0.75 points and then a 0.50-point increase, and it would mean less added pressure on the economy. The big question is whether Fed Chair Jerome Powell on Wednesday afternoon will give markets what they want to hear — hints that rate hikes will end soon and rate cuts may even be possible late this year — or stick to the Fed’s mantra that it plans to keep rates higher for longer, even if a modest recession hits.

Central Banks for the U.K. and Europe are also set to announce the latest increases this week. In addition more than 100 companies are scheduled to announce this week , Tech heavy’s Apple, Amazon and Alphabet to name a few and weight the S&P 500 Index the heaviest at weeks end we have Non Farm Payrolls whose expectations are characterized here at www.econoday.com Released On 2/3/2023 8:30:00 AM For Jan, 2023

 

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Plan your trade and trade your Plan 

 

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

Futures Trading Levels

for 01-31-2023

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

 

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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.

Weekly Newsletter #1131 Sugar Outlook, Options 101 free course + Trading Levels 1.27.2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1131

 

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

In this issue:

  • Important Notices – CME Fees Increase
  • Trading Resource of the Week – Options 101/102 FREE COURSE
  • Hot Market of the Week – March Sugar
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

      • Important Notices – CME to raise fees on certain markets. Both MICROS and emini stock indices are being increased by 5 cents per side.

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In this FREE Course you will learn:
  • Understanding Options Contract Details
  • Explaining Call Options (Short and Long)
  • The mathematical expectation model and how it can decrease your losses
  • Understanding the Difference: European vs. American Style Options
  • Calculating Options Moneyness & Intrinsic Value
  • Introduction to Options Theoretical Pricing
  • Options on Futures vs. ETFs
Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
PriceCounts – Not about where we’ve been , but where we might be going next!
March Sugar has revived its rally with the chart poised for potential challenge of the December highs if sustained, would project a run for the low percentage fourth upside priceCount objective near 23 cents.
Futures March Sugar, #SBH23
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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Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for January 23rd, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Levels

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  • Trading Reports for Next Week

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

Core PCE tomorrow… + Trading Levels 1.27.2023

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

Core PCE tomorrow. While not expected to move the markets like PPI and CPI, we still may see some volatility.

Personal income is expected to edge 0.2 percent higher in December with consumption expenditures expected to decrease 0.1 percent. These would compare with respective November gains of 0.4 and 0.1 percent. PCE inflation readings for December are expected at no change overall and up 0.3 percent for the core (versus respective gains of 0.1 and 0.2 percent) for annual rates of 5.0 and 4.4 percent (versus November’s 5.5 and 4.7 percent).

Plan your trade and trade your Plan 

 

 

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

Futures Trading Levels

for 01-27-2023

#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.

What’s left the Last 2 Trading days of the Week & Futures Levels 1.26.2023

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

The Week Ahead

By Mark O’Brien, Senior Broker

 

Grains / Soy complex: For Soybeans and corn interests, many eyes are on South America, where because their crop year runs counter to here in the U.S., large producers like Argentina and Brazil are approaching harvest. Brazil is set for a bumper soybean crop. Argentina is experiencing drought conditions which are more adversely affecting their corn crop than their soybeans. Traders believe the soybean crop can recover more significantly from the heat and drought as compared with the corn crop.

Gold & Silver: precious metals analysts often look to ETF holdings for guidance on gold and silver futures prices, eyeing inflows and outflows for developing patterns. To wit, both gold and silver ETF holdings are sitting above their levels at the start of the year

Energy: Crude oil traded to a 4-day low this A.M. The likely catalyst could be Chinese energy demand, which seems to be linked to COVID infection rates in that country, whish show little signs of peaking yet.  Support at $80.00 per barrel (March contract) looks vulnerable unless we see some confirmation of improving conditions inside China.

Plan your trade and trade your Plan 

 

 

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

Futures Trading Levels

for 01-26-2023

#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.

Weekly Newsletter #1130 Soybean Outlook, Trading During Economic Reports + Levels for January 23rd

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1130

 

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

In this issue:

  • Important Notices – Make 2023 great!
  • Trading Resource of the Week – Trading Around Economic Reports FREE COURSE
  • Hot Market of the Week – November Beans
  • Trading Levels for Next Week
  • Trading Reports for Next Week

      • Important Notices –

Make it a great 2023! Stay disciplined, educate yourself and utilize our FREE valuable resources.

In this “Trading Around Key Economic Reports” FREE Course you will learn:
  • What is GDP?
  • About the Retail Sales Report
  • What is NFP ( non farm payroll) Report?
  • Understanding US housing Data
  • FOMC
  • Understanding Oil Data Report
  • Importance of Consumer Confidence Survey
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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.
PriceCounts – Not about where we’ve been , but where we might be going next!
November beans broke down its shelf of support this week and activated downside PriceCount objectives in the process. The first count projects a run to the $13.42 area which is consistent with a test of the October lows.
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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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Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for January 23rd, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

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  • Trading Reports for Next Week

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

Crude Oil and Natural Gas Tomorrow & Trading levels for 01.19.2023

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

Bullet Points, Highlights and Announcements

By Mark O’Brien, Senior Broker

 

General: Even in the face of solid COVID uncertainty for China, a persistent fear that the Fed will overtighten and that a recession is looming here in the U.S., there are some green shoots (thank you to former U.K. Chancellor of the Exchequer Norman Lamont for coining that term back in ‘91) to indicate signs of improvement for the economy, including growing sentiment that the beginning of the end for rising interest rates – and inflation – is on the horizon.

Take commodity prices for example.

Several that are in tight supply are now responding by tracking higher as a result of modest improvements in demand for their manufactured products. Copper prices – historically viewed as a leading indicator – are up over 30% in the last six months, including a ±14% increase this month so far. Silver is up ±25% since Sept. to year-ago prices around $24/oz. Crude oil has pressed upwards above ±$80/barrel, ±$10 higher this month and on par with prices from last Feb.

At the same time, these higher prices for industrial products have helped keep inflation readings – CPI, PPI notably – stubbornly high with only slight signs of downward movement in the last few releases. This is almost certainly narrowing the runway on which the “Fed Pivot” will eventually use to try landing the economy as softly as possible this year.

Energies: Heads up! As opposed to most weeks when they’re released on Wednesday and Thursday, this week’s Energy Information Agency reports on natural gas storage and crude oil supplies will be released on the same day: tomorrow at 9:30 A.M. and 10:00 A.M., Central Time, respectively. That’s natural gas storage first, followed by crude oil supplies. The Martin Luther King Day holiday effected this schedule change.

 

 

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

Futures Trading Levels

for 01-19-2023

#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

 

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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.

PPI Tomorrow & Trading levels for 01.13.2023

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

PPI tomorrow. Market moving report.

Here is a link of a video I took last week during CPI that shows the “vacuum” and much lower liquidity traders need to be aware of.

Trading Resource of the Week – “Trading Around Key Economic Reports” FREE Course

 

In this “Trading Around Key Economic Reports” FREE Course you will learn:

·    What is CPI?

·    About the Retail Sales Report

·    What is NFP ( non farm payroll) Report?

·    Understanding US housing Data

·    FOMC

·    Understanding Oil Data Report

·    Importance of Consumer Confidence Survey

 

Expand Your Trading Knowledge NOW!

 

 

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

Futures Trading Levels

for 01-18-2023

#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.

Weekly Newsletter #1129: Feeder Cattle Spread Idea, MLK Schedule + Trading Levels 1.16.2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1129

 

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

In this issue:
  • Important Notices – MLK Trading Schedules
  • Trading Resource of the Week -Moore Research Center Inc.
  • Hot Market of the Week – Feeder Cattle Spread
  • Trading Levels for Next Week
  • Trading Reports for Next Week
Here’s a futures spread idea from our friends at Moore Research ( FREE TRIAL ESPECIALLY for Cannon’s clients and blog readers!).
Buy May ’23 / Sell March ‘23 Feeder Cattle: Outlook
Because food (after 2-3 months, calves are weaned off milk and fed a diet of grain, hay and water) is a primary but fluctuating cost, livestock producers want to feed as many animals as possible when feed is most plentiful. So, cattle feedlot operators replenish their usually low cattle herds in October & November when corn becomes readily available at usually harvest-low prices. Those young animals will gain weight only slowly during winter and typically reach market weight in April. The result is that demand for feeders remains sluggish in March, but surges in May.
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Performance Snapshot
Below is a performance snapshot of the seasonal trend for each of the last 15 years. You can find average gain/loss, best/worst equity (based on one futures spread contract), and more.
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A Cannon broker will be able to assist, provide feedback and answer any questions about spreads, seasonal tendencies, options and MUCH MORE!
Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Cannon Trading believes are reliable. We do not guarantee that such information is accurate or complete, and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYING FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE. 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 IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR 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 OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
368db221 6c82 4b49 9336 1ad2496cfaa4
3b644da2 2bee 4d39 8d98 5208a20bec39

  • Trading Levels for Next Week

Daily Levels for January 16th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

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  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
4a475c53 4653 42e4 bd00 d0391d5b4965

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

FOMC Minutes ahead of Friday NFP & Trading Levels for 01.05.2023

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

Bullet Points, Highlights and Announcements

By Mark O’Brien, Senior Broker

 

“I don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not,” Jerome H. Powell, the Fed chair, said during his FOMC news conference back in mid-December. “It’s not knowable.”

 

And with this in mind, it’s not far-fetched to expect the markets that have been most disrupted in recent years will to continue to ricochet in 2023.

 

Policymakers will continue to try to guess what lies ahead and they’ll continue to make predictions by looking at historical data, which has always been critical to those who make those predictions. Flying in the face of that approach is that over the last three years – roughly the duration of the pandemic – the past is proving anything but a reliable guide.

 

The economy rebounded from the hit it incurred at the onset of the coronavirus – faster and stronger than expected. Then, shortages of goods collided with strong demand and fueled a burst in inflation, one that has been both more extreme and more stubborn than anticipated.

 

Now, we have a year in which the Federal Reserve raised interest rates at the fastest pace since the 1980’s – in their efforts to slow growth and bring those rapid price increases back under control. The war in Ukraine has and will almost certainly continue to impact energy and grain prices. And with China’s Covid policy charting an unclear future for the world’s second largest economy, the future is still extraordinarily uncertain.

 

Will the Fed’s policies spur a recession? Or, will the economy gently cool down, taming high inflation in the process? How will commodity prices react? Commodities futures traders, Central bankers, economists, the current administration’s officials all will be trying to guess what might lie ahead for the economy in 2023.

 

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

Futures Trading Levels

for 01-05-2023

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

 

 

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.

Weekly Newsletter #1127 Happy New year!+ Levels for January 3rd, 2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1127

 

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In this issue:
  • Important Notices – Holiday Trading Schedules
  • Trading Blessing for the 2023
  • Make 2023 Your Best Trading Year Yet!
  • Broker’s Trading System of the Week – Mini SP Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

    • Important Notice – New year’s Trading Schedules

CME GLOBEX New Year's 2023 Holiday Schedule

    • Trader’s Blessing for the 2023

Wishing ALL of you a happy, healthy and successful New Year!
The Trader’s Prayer
May I never be facing north when the markets headed south, and may locked limit always be on my side. 🤜🏼
May the money left on the table be someone else’s and may my pockets be deeper than the correction.
✋ May I always be 5 minutes ahead of the market, And may my order have a clear path to the pit (electronic exchange now days….).
✋ And if this one is a winner, I swear I quit!
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      • Make 2023 Your Best Trading Year Yet – Walk before you run

        By Cannon Trading staff
The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most futures traders?
One of the most prevalent misconceptions for inexperienced futures traders is that they believe themselves to be smarter than the rest of the commodities market participants. They underestimate the qualifications and abilities of the rest of the futures markets professionals. This business of commodities trading is dominated by very dedicated, resourceful professionals who have invested lots of time and assets into their pursuit of trading futures profits. Competing against these seasoned professionals is not impossible but going at it alone, especially initially, is usually not the most prudent course of action for new futures traders.
When we were children, we learned to walk before we learned to run. This is true for most of our life experiences. We played t-ball before we played baseball. We took lessons from Arthur Murray before we entered dance competitions. We watched cooking shows or read cookbooks before we attempted to deep fry our first turkey. So, why do so many novice futures traders think that they should enter into the world of futures trading without the support of an experienced futures broker? Why, armed with their computers and quote systems do they think that they are equipped to go it alone and be successful? It isn’t logical. It goes counter to our collective life experiences.
If your goal is to trade futures/commodities independently, why not do so after acquiring valuable experience and insight by working with a seasoned professional futures broker? Someone who is already fully engaged in the futures markets. Why not begin by using a mentor, a teacher, an advisor who can supply ideas, guidelines, disciplines, and insights that the novice trader could not otherwise be exposed to? We all learned to drive with the help of an instructor, why not approach the commodities markets in a similar fashion? Your hard-earned capital is at stake. Getting an education can be a very expensive process, especially in the futures trading business. Why not take advantage of the help offered by an experienced professional? Help like this can shorten a new futures trader’s learning curve and reduce the cost of his or her tuition for this education.
It is true that not all commodities brokers are quality teachers or mentors. The futures trader must choose his or her mentor carefully….just as one does when choosing a lawyer, doctor, or accountant. The futures brokers at Cannon Trading as a group are among the finest professionals that you will find anywhere in the futures trading world. The management at Cannon Trading has chosen these brokers prudently and after much scrutiny. This is evidenced by the impressive record of professional business conduct for the past 30 years by Cannon’s brokers. This record can be reviewed by going to www.nfa.futures.org ( the National Futures Association) website and comparing Cannon Trading versus other futures brokerage firms. You will be impressed.
Professional athletes use sports psychologists. Boxers use corner men. Graduate students study under the guidance of their professors. Professional singers utilize vocal coaches. Shouldn’t you as a futures trader avail yourself of the same sort of support that successful people in all of these endeavors use? Take full advantage of all of the tools available to you in your quest for trading profits.
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With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$15,000
COST
USD 130 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
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  • Trading Levels for Next Week

Daily Levels for January 3rd, 2022

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Weekly Levels

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  • Trading Reports for Next Week

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

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.