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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!

Survivor Day Trader & Economic Reports 7.23.2015

Posted on by Ilan

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 23, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

 Hello Traders,

Survivor Day Trading

I started as a commodity broker back in 1998, when commissions of $25 per round turn for the E-minis were considered a deep discount. I had the luxury of observing many types of day traders and saw things from the sidelines that most traders could not see during the heat of battle, one of which is the importance of solid money management for the long-term survival of day trade.

Day trading is by definition a trade that is initiated and completed during the same trading day. In this wide category, you will find many types of traders. On one end of the spectrum are scalpers, who go for one or two ticks of profit several times a day in trades lasting just seconds. On the other side are speculators who stay in a position from the start of the day until the close. One of the main appeals of day trading for all types is that the trader goes home flat without having to worry about positions. When the market closes, the day is done.
Money management, as the name implies, is applying prudent principles to help conserve your trade (risk) capital. Without risk capital to trade, a speculator does not have a chance to succeed.

Gold Futures – What’s Next? 7.22.2015

Posted on by Ilan

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday July 22, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Gold – What’s Next?

From what I understand China holds quite a bit of physical gold, leaving the door open for additional sales in the future.

Gold sold off in a big way Sunday night (July 20th trading session) following a weak close right on support levels the prior week.

News came out that a big bullion dealer from China sold a very large amount of bullion in a matter of 2 minutes, sending gold prices down to 1080 for a short period of time before bouncing back up.

From what I understand, China holds quite a bit of physical gold and that leaves the door open for additional sales in the future.

Continue reading “Gold Futures – What’s Next? 7.22.2015”

Futures Levels & Economic Reports 7.16.2015

Posted on by Ilan

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 16, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Why Didn’t I Get Filled?

“A treatise to Demo Traders”, on behalf of Commodities brokers everywhere.

By Cannon Trading Commodities Broker

Demo Trading. Also known as simulated trading, paper trading, playing with Monopoly money; whatever you’d like to call it, a demo can be your best friend or your worst enemy. Every Futures broker dreads having this conversation with their clients, as it is necessary with every new trader; however, much to a broker’s chagrin, every new trader will say that they already understand when in fact they rarely do. Let me assure you, if you’re a new or even intermediate trader, you probably don’t. You may understand one popular issue of the conversation but odds are if you have been paper trading for five years waiting to be “successful” or to “understand the futures markets” in the simulated world before moving on, you have less of a chance of being successful in the live futures markets because you’re setting yourself up for failure (if you ever do, in fact, trade in the live markets). You should seriously consider speaking with a licensed commodities and futures broker before diving in.

For the uninitiated, demo trading is the practice of trying out an online trading platform on a simulated basis-in a free demo trading account, you’re granted simulated funds, you’re placing simulated orders in the markets and you’re shown simulated profits and losses on what your trades might have done for you if you were futures trading on a live platform with live funds. First and foremost, it’s a wonderful technological tool for testing out a platform to see if it will suit your trading methodology. It can also be used to try different trading strategies, but problems arise when one equates simulated trading too much with live futures trading.

Read the Rest

Analysis on Futures Mini Russell 2000 & Economic Reports 7.15.2015

Posted on by Ilan

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday July 15, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Mini Russell 2000 Testing Key Support Levels

I believe that as of late, the Russell 2000 index and it’s future contract, the mini Russell 2000 are the leaders in stock market behavior. With the recent sell off in equities, the big drop in China’s index, and the 4% drop in the Nikkei this morning, I wanted to get more clues about what may lay ahead for our equities and I opened my daily Heiken-Ashi chart for mini Russell 2000.

What I see is a market that has tested key support areas right around the 1224 ( September contract) three times! I also measured the move down that we had between April 27th and May 6th, and the move down we currently have is almost the EXACT magnitude.

While I believe that medium to longer term we should see a more meaningful correction for the short term, (i.e. the next few days) I think we will see a bounce from this levels as long as we can hold, and not close below 1224.

Continue reading “Analysis on Futures Mini Russell 2000 & Economic Reports 7.15.2015”

Mini Russell 2000 Heikin-Ashi & Economic Reports 7.11.2015

Posted on by Ilan

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday July 10, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Trying to predict movement on stock indices from one day to another has not been easy to say the least….

One thing that i personally like is that the intraday ranges are wider, volatility is higher and I personally prefer this type of day-trading environment. Main thing to remember if you are a day-trader, as volatility increases, you need to adjust your stops and targets accordingly, perhaps consider LOWERING your trading size so you can afford more room on stops and hold on for larger targets. Continue reading “Mini Russell 2000 Heikin-Ashi & Economic Reports 7.11.2015”

Futures Levels & Economic Reports 7.09.2015

Posted on by Ilan

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Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 9, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

I was asked today on how to adjust stops and targets when volatility increases, while I don’t have an exact black and white answer, couple of ways I found to be helpful are :

  • Using ATR as a measure
  • Using support and resistance levels.

ATR stands for Average true Range. I use it at times to measure average range for days on specific periods, sometimes I use it when looking at intraday charts. Knowing the ATR can help you in stretching or shrinking your stops and targets.

Here is an example: If you are looking at an hourly chart and using an ATR with 14 periods and it shows value of 8 points for the mini SP, what it tells you is that in one hour you can expect on average moves of around 8 points from high to lows. Knowing that figure can help you in placement of stops as well as targets. Comparing this to periods of low volatility where ATR shows value of 4 which in that case should encourage you to take smaller profits and use smaller stops as statistically there are less chances for bigger moves.

Continue reading “Futures Levels & Economic Reports 7.09.2015”

Futures Levels & Economic Reports 7.08.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday July 8, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Benjamin Graham, “The investor’s chief problem – and even his worst enemy – is likely to be himself.”

Tom Basso, “Investment psychology [my italics] is by far the most important element [of trading], followed by risk control, with the least important consideration being the question of where to buy and sell.”

Read, then read again and one more time….think about your trading behavior….start spending more time on money management and trader management in order to succeed.

Mini Russell Heikin-Ashi Chart & Economic Reports 7.07.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday July 7, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Markets gaped heavily lower after the vote in Greece but to be honest that was about it….volume was much lighter than anticipated and price action once cash opened was NOT impressive to say the least.

Did the shorts got their hand burnt these past few years with QE? Was the FED able to “condition and scare the short sellers? or perhaps now that Greece and other European countries are facing financial crisis the market figures “maybe the FED wont raise rates this year after all?

Continue reading “Mini Russell Heikin-Ashi Chart & Economic Reports 7.07.2015”

July 4th Futures Trading Schedule & Economic Reports 7.02.2015

Posted on by Ilan

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Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 2, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Please have a Safe and Happy Holiday!!

From the CME Globex Control Center, here is the summary of KEY changes, per CME market segment –

Thursday – early close only for grains and meats

Thursday night – NORMAL OPEN for all, (except grains and meats stay closed)

Friday – ALL open markets go into HALT at 12:00 noon

– (except grains and meats = stay closed)

Sunday night – NORMAL OPEN for all markets.

COMPLETE SCHEDULE HERE

CME Globex July 4th Futures Trading Schedule
CME Globex July 4th Futures Trading Schedule

Continue reading “July 4th Futures Trading Schedule & Economic Reports 7.02.2015”

Futures Levels & Economic Reports 7.01.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 1, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Correction to yesterday’s commentary, the mini Russell did NOT close below 1244, which is still the level I am watching for as a confirmation for the downside.
This level is based on WEEKLY charts and I am looking for a DAILY close as a trigger – again, just my technical analysis and nothing more….

Wishing all of you a great trading month in July!

Continue reading “Futures Levels & Economic Reports 7.01.2015”

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.