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Category: Commodity Trading

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

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

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

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

Futures Trading Levels and Economic Reports for October 25, 2013

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 Friday October 25, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

Get Real Time Trade Alerts Service via text and email

Would you like to receive a 30 day free trial to a new trade alert service?

Get new buy/ sell ideas along with suggested stops and profit targets in real time.

This trade alert service was developed and published by LEVEX Capital Management Inc.  ( “LEVEX”) a registered CTA with the CFTC and member of the NFA.

“LEVEX” will transmit alerts via text and/or email with potential buy and sell recommendations for different commodities along with suggested stops and profit targets. The alerts are based on technical analysis and using a computerized model developed by “LEVEX”.

Each day the program runs a market scan to look for markets that fit certain technical criteria / trade algorithm developed by LEVEX Capital management Inc. Once a market has been identified as a possible high probability set up, you will receive a trade alert with the trade idea.

Markets covered:

  • Stock Indices
  • Energies
  • Metals
  • Grains
  • Softs
  • Currencies
  • Interest rates

Pricing:

  • After your complete FREE 30 day trial the cost is as follows:
  • Cannon Trading clients – $149 per month
  • Retail traders without a Cannon Trading account – $299 per month
  • Money Managers, Hedge Funds and Brokers – $999 per month

Continue reading “Futures Trading Levels and Economic Reports for October 25, 2013”

Futures Trading Levels and Economic Reports for October 23, 2013

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 October 23, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

I had 3376 as potential target for the mini NASDAQ for the last week or so. To be honest, I DID NOT think it would make it there but it did…question is now what?

If you are a counter trend trader, you can go short against this level risking a few points above it. If you are more on the conservative side, you probably want to wait for a trigger that the market is running out of steam before trying the short side….That trigger may be a cross over of stochastic on the hourly chart, perhaps a break below today’s lows….really depends on the style of trade you feel comfortable with and the time frame you are trading. The chart below is more for what I call swing trading rather than day trading.

There are many different ways to lose money trading futures and very few to make $$$. Some methods will work on some markets, some of the time. I have not found a way that works on all markets all the time….

Daily chart for your review below:

ENQ - E Mini NASDAQ 100, Equalized Active Daily Continuation

Continue reading “Futures Trading Levels and Economic Reports for October 23, 2013”

Futures Trading Levels and Economic Reports for October 8, 2013

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 October 08, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Day-Trading Gold Futures Webinar: Trade Set-ups, Methodology, Money Management and More!

Space is limited. Join us for a Webinar on October 9

Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/198800538

 

Join us for a 90-minute LIVE trading and screen sharing, Wednesday, Oct. 9th   at 9:15 A.M., Central Time.
During this presentation, Ilan Levy-Mayer, VP of Cannon Trading and Principal of LEVEX Capital Management will share with you details of his  approach to day-trading futures, he calls “Nazlan Day-Trading Model & Rules.” and will focus on Gold futures.

In this webinar, Ilan will:

  1. Explain his entry signals
  2. Review trading size
  3. Explain multi time frame correlation
  4. Review the charts he likes to use for different markets
  5. Review his proprietary ALGO’s and trade indicators
  6. Present exit techniques
And much more…Ilan has over 15 years of experience and has observed many traders as well as assisted many clients with different approaches to trading. He will be answering your questions and sharing as much of his philosophy as time allows. If markets are willing and trade set-ups occur, Ilan will take these set-ups using a real time simulation account and will review these trades.As a thank you, attendees will receive a 3-week free trial to the day-trading indicators and Algorithms along with a 23-page PDF booklet with chart examples and explanations.

Space is limited!

Reserve your space today at: https://www2.gotomeeting.com/register/198800538

Risk: 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.

Continue reading “Futures Trading Levels and Economic Reports for October 8, 2013”

Futures Trading Levels and Economic Reports for October 4, 2013

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 Friday October 04, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Two notes for today: Gmail updates and Gold Futures Day trading Webinar.

1. If you are using Gmail and our a client of mine, you may see my daily updates go into your “promotions folder”. To have my daily updates delivered into your primary inbox do the following:

Drag and Drop

The easiest way to move an email in your inbox is to left-click and hold on the email to drag it from the Promotions tab over to the Primary tab.

Drag and drop email

Releasing the mouse drops the email into the newly selected tab. Once dropped, Gmail displays a yellow box asking if you want to make this change permanent. ClickYes to ensure that all messages with the same from address will appear in the Primary tab going forward.

Mark as permanent

2.

Day-Trading Gold Futures Webinar: Trade Set-ups, Methodology, Money Management and More!

Join us for a Webinar on October 9

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/198800538

Join us for a 90-minute LIVE trading and screen sharing, Wednesday, Oct. 9th   at 9:15 A.M., Central Time.
During this presentation, Ilan Levy-Mayer, VP of Cannon Trading and Principal of LEVEX Capital Management will share with you details of his  approach to day-trading futures, he calls “Nazlan Day-Trading Model & Rules.” and will focus on Gold futures.

In this webinar, Ilan will:

1. Explain his entry signals
2. Review trading size
3. Explain multi time frame correlation
4. Review the charts he likes to use for different markets
5. Review his proprietary ALGO’s and trade indicators
6. present exit techniques

And much more…

Continue reading “Futures Trading Levels and Economic Reports for October 4, 2013”

Crude Oil Guide: Brent Vs. WTI, What’s The Difference?

Posted on by Ilan

“U.S.-produced oil is a substitute, in terms of volume, to non-U.S. sources, and it’s geographically safe and secure, sending a hedge into the WTI price, not into Brent,” said Richard Hastings, a macro strategist at Global Hunter Securities.

Hastings made the comments when the price spread between the crudes traded at less than $1 back in July “Brent, in turn, reflects macroeconomic weakness from around the world, something which is less meaningful to WTI pricing,” he explained. 1

WTI (West Texas Intermediate), North Sea Brent and the OPEC (Organization of Petroleum Exporting Countries) Benchmark.

What Are the Major differences between these crude oil futures contracts?:

Sulfur Content: Some Crude oils are easier, less costly to refine into gasoline than others. Low sulfur crude is also known as Sweet crude. The commonly used measure of sulfur content is API gravity, is a measure of how heavy or light a petroleum liquid is compared to water. If its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and sinks. API is the American Petroleum Institute.

Continue reading “Crude Oil Guide: Brent Vs. WTI, What’s The Difference?”

Futures Trading Levels and Economic Reports for October 1, 2013

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 October 1, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Higher volatility as debt ceiling deadline approaches any minute.

Be careful as market is capable of making sharp moves both ways.

Daily chart of the mini SP 500 for your review by clicking on:

https://www.sierrachart.com/image.php?l=13805734952.png

 

ES Daily Chart
ES Daily Chart

Futures Trading Levels and Economic Reports for September 25, 2013

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 September 25, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Today’s two sided volatility in crude oil futures fitted my trading model/philosophy well.

Below is a screen shot from today along with the different signals.

If you like a free trial to this ALGO along with the PDF document I created, which explains the set ups ( AND have not had the trial before…) then follow instructions below the chart.

Crude Oil 18 Ticks Range Bar Charts
Crude Oil 18 Ticks Range Bar Charts

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Contract Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1713.17 3257.25 15457 1096.87 81.02
Resistance 2 1707.08 3244.00 15413 1088.33 80.88
Resistance 1 1699.67 3229.25 15348 1080.37 80.79
Pivot 1693.58 3216.00 15304 1071.83 80.66
Support 1 1686.17 3201.25 15239 1063.87 80.57
Support 2 1680.08 3188.00 15195 1055.33 80.43
Support 3 1672.67 3173.25 15130 1047.37 80.34
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds  Dec. Euro
Resistance 3 1356.7 2275.2 105.22 134 18/32 1.3562
Resistance 2 1343.1 2239.3 104.43 133 27/32 1.3542
Resistance 1 1332.8 2204.2 103.88 133 14/32 1.3507
Pivot 1319.2 2168.3 103.09 132 23/32 1.3487
Support 1 1308.9 2133.2 102.54 132 10/32 1.3452
Support 2 1295.3 2097.3 101.75 131 19/32 1.3432
Support 3 1285.0 2062.2 101.20 131  6/32 1.3397
Contract Dec Corn Dec. Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 457.7 662.8 1325.67 424.07 42.38
Resistance 2 455.6 660.9 1322.83 420.03 42.32
Resistance 1 452.2 659.6 1317.67 416.17 42.20
Pivot 450.1 657.7 1314.83 412.13 42.14
Support 1 446.7 656.3 1309.7 408.3 42.0
Support 2 444.6 654.4 1306.83 404.23 41.96
Support 3 441.2 653.1 1301.67 400.37 41.84
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 3:52pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 25  2:00am EUR GfK German Consumer Climate 7.1 6.9
8:30am USD Core Durable Goods Orders m/m 1.1% -0.8%
USD Durable Goods Orders m/m 0.0% -7.4%
10:00am USD New Home Sales 422K 394K
10:30am USD Crude Oil Inventories -1.0M -4.4M

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

Futures Trading Levels and Economic Reports for September 24, 2013

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 September 24, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

I am back after a couple of days off and below is how I view the daily chart for the mini NASDAQ

ENQ - E-Mini S&P 100, Equalized Active Daily Continuation
ENQ – E-Mini S&P 100, Equalized Active Daily Continuation

Continue reading “Futures Trading Levels and Economic Reports for September 24, 2013”

How Do I Get Started Trading Futures?

Posted on by Ilan

So you’ve come this far. You’ve evaluated different vehicles of investment, and you have decided to expand your portfolio to include commodity futures. Now what? You are going to need a few tools at your disposal: a knowledgeable commodity broker that is quick on their feet, a reliable, efficient platform that will get you the information you require and executes your trades on a timely basis, and perhaps most importantly a plan.

Let’s begin with the most important requirement: because futures are so highly, there’s no doubt it can be a very risky asset class and you should only be trading with “risk capital”, or money that you can stand to lose and won’t affect your lifestyle if you do. Once you’ve accumulated your risk capital and you’ve come to terms with the nature of trading futures, you can take matters a step further by doing research on what kind of trader you want to be.

Continue reading “How Do I Get Started Trading Futures?”

Entering into Futures Trading

Posted on by Ilan

Futures trading can be a rewarding investment for those with an in-depth understanding of a particular commodity. In essence, you will be buying or selling a commodity based on its future selling price. For example, if you can buy a futures contract at a low rate and sell it for a higher price, it’s possible to gain a significant profit in the transaction. But before wading into this highly speculative market, there are some things you will need to do and know about trading futures markets.

First, you will need to enter an agreement and create an account with a commodities broker. These brokers are licensed professionals who are allowed to trade in commodities on the trading floor of an exchange. Accordingly, they manage and mediate futures trading between buyers and sellers as well as keep track of the prices of futures contracts. Because of their knowledge of the market, they can help you make sound investments and recommend an investment strategy that suits your profile.

Continue reading “Entering into Futures 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.