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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!

Drawdowns, ISM, EIA Energy, Beige Book; Your 4 Important Need-To-Knows for Trading Futures on June 4th, 2025

Posted on by Cannon Operations

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Drawdowns

ISM, EIA Energy, Beige Book

By John Thorpe, Senior Broker

Relatively quiet day in most futures markets today,

Not much regularly scheduled economic or earnings news tomorrow with a glint of fed speakers, only 2.

The Drawdown

drawdown

Rather than doing a market recap today below is a brief I put together regarding drawdowns and the psychology of drawdowns: In my opinion, they are not a bad thing, in fact I believe that drawdown periods are a very sane and good thing for any solid strategy. Drawdown periods are very efficient to shake out weak traders from the strategy while smarter traders can pick up their money (which is the name of the game after all). The time that passes since the first equity high until we reach a new equity high is the drawdown period. So, a drawdown period has two dimensions:

The drawdown depth and the drawdown length.

Most people care about the drawdown depth as this is what is easier to see on back tests. However, the human the brain is much more affected by drawdown length. During live trading, it is easier to deal with a 10% drawdown for one week than with a 5% drawdown for five months.

  • Detailed statistical information about the strategy: Expected profit, expected drawdown, maximal drawdown depth and length, average win percentage, reward to risk ratio, …
  • Different scenarios and the actions to take (if any): intense and/or deep drawdown periods and what to do (or do nothing), whether to trade during Christmas time or summertime, whether to keep open positions during weekends or not, what to do after a losing year (or do nothing), funding and withdrawing plan, …
  • A very clear worst-case scenario: it is basically the “line in the sand” where we know that the strategy has lost it’s edge and something must be done (stop trading the strategy, adapting parameters, …). There are many ways to calculate it (double the max historical drawdown, using Montecarlo simulations, using regression lines multiplied by x times the standard deviation on the equity curve, …). In the end it is a number. The important thing is to have it written in the trading plan.

When facing a problem that generates pain or panic such as a sudden deep drawdown, most of the time, when analyzed with rigor and care, the problem is not so important, and everything is within expected statistics. You will see that there were many periods in the past with similar characteristics.

Market volatility is here to stay for the foreseeable future with its ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal (pre tariff talk normal)

Tomorrow:

Econ Data:  ISM Services PMI, EIA Energy

FED Speak: 2

Earnings: Dollar Tree

Tariff news: Anything goes!
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July Wheat – Corn Spread

It took a couple of attempts but the July wheat – corn spread has decisively broken out above the extended downtrend, and activated upside PriceCounts objectives in the process. The first count projects a possible run to the $1.20 area.
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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.

Daily Levels for June 4th, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)
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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.

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First Notice/Last Trading Day; Your 2 Important Need-To-Knows for Trading Futures going into June 2025

Posted on by Cannon Operations

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Fist Notice and Last Trading Dates for June.

first notice

Below are the contracts which are entering First Notice or Last Trading Day for June.

Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.
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eb23d89b a6ee 494c a74a 38b5f4e886e7

Daily Levels for June 3rd, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

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Economic Reports

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All times are Eastern Time (New York)
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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.
Call Now

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Non-Farm Payrolls, Tariffs, Earnings; Your 3 Important Need-To-Knows for Trading Futures The Week of June 2nd, 2025

Posted on by Cannon Operations

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Cannon Futures Weekly Letter

In Today’s Issue #1244

  • The Week Ahead – Non-Farm Payrolls, Earnings, Tariffs

  • LIVE, FREE Demo for Futures & Options

  • Trading Levels for Next Week
  • Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Non-Farm Payrolls

non-farm payrolls

A full week ahead and as nearly always, the 1st Friday of the month brings an impactful data set to the markets. Non-Farm Payrolls (NFP).This week will also feature the last week of Fed speakers until after the FOMC Rate announcement 8 business days following this upcoming weekend, known as the blackout period. Light earnings, only 149 reporting as we are in the 9th inning of this game.

Tariffs

tariffs

More volatility to come as next week all markets will be reacting to whatever comes out of the U.S. Govt leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations with periodic choppiness as the administration Vs the Courts seem to be in the middle innings of their tariff battle.

Earnings Next Week:

  • Mon. Credo
  • Tue. HP, Dollar General, Crowdstrike
  • Wed. Dollar Tree
  • Thu. Broadcom, LuLuLemon
  • Fri. ABM industries

FED SPEECHES: (all time CDT)

  • Mon.     Logan 9:15 am CT, Goolsbee 11:45 am CT
  • Tues.     Goolsbee 11:45 am CT, Logan 2:30 pm CT
  • Wed.     Bostic 7:30 am CT
  • Thu.      Harker 12:30 pm CT,
  • Fri.       None

Economic Data week:

  • Mon. ISM mfg. PMI
  • Tue. RedBook, JOLTS, Factory Orders,RCM/TIPP Econ Optimism Index,
  • Wed. ADP, PMI Final, ISM Services, EIA Crude Stocks, Beige Book,
  • Thur. Challenger Job Cuts, Continuing claims, EIA Nat Gas storage
  • Fri. Non-Farm Payrolls, Used Car prices.

Free Demo: Live Data, Streaming Charts

Introducing the newest trading platform to our already prominent selection: CannonX

  • Cloud-based and compatible with Windows and MacOS
  • Top-of-the-line tradable charts with abundant indicators and drawing tools
  • Option quotes display for all expirations and including all “Greeks.”
  • Quote programmability for straight futures and options as well as futures and option spreads, including multi-leg/complex options spreads.
  • Depth-of-market display at your fingertips for any of the position types listed aboveFull, easy-to-read account information display

START YOUR DEMO NOW
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Trading Levels for Next Week

Daily Levels for June 2nd, 2025
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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com
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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.
Call Now

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Volatility in Gold Options; Your 2 Important Need-To-Knows for Trading Futures on May 30th, 2025

Posted on by Cannon Operations

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Gold Options Volatility
gold

Gold Options

Within the gold market, one story that has made the rounds is the premium of historical volatility to implied volatility that has appeared since April 2. CME’s, Rich Excell’s latest report looks at an options straddle with a Tuesday expiration in June.

Rich aims to cover the cost of the straddle by making the daily time decay, or theta, by gamma-scalping the straddle. Read the full report for more details. 
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August Gold Weekly Chart Below
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Daily Levels for May 30th, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)
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Find us on Trustpilot
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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.
Call Now

Join our Private Facebook group

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon

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Trading Futures: Financial, Energy, Softs – Your 3 Important Need-To-Knows For Trading Futures on May 29th, 2025

Posted on by Cannon Operations

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What to Know Before Trading Futures on May 29th

Key points for Trading Futures Tomorrow:

By Mark O’Brien, Senior Broker

trading futures

 

Trading Futures – Financial:

Minutes of the May 6-7 Federal Reserve policy meeting were released today and officials signaled concern that large tariff hikes would push up prices and could risk stoking higher inflation. Policymakers largely agreed that heightened economic uncertainty and increased risks of both higher unemployment and inflation warranted no change in their wait-and-see policy stance. Investors in interest-rate futures markets expect the Fed will hold rates steady through the summer.

Trading Futures – Energy:

Oil prices gained more than 1% today on supply concerns as OPEC+ agreed to leave their output policy unchanged and as U.S. barred Chevron from exporting Venezuelan crude.

Investors anticipated members of OPEC+ would agree to a production increase later this week.

Still, July crude oil futures have remained range bound between $60 and $63 per barrel for the last two weeks and well below its 100-day moving average near $66.20.

July natural gas prices slumped mid-session today with it’s the latest threat from the July contract to move through its 200-day moving average near $3.53.  A break below could open the door to further losses, with downside risk extending to $3.444 and possibly $3.338 in the short term.

Trading Futures

 
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The near-term weather outlook remains a bearish overhang. Forecasts through June 3rd call for cooler temperatures across the eastern half of the U.S., including Texas and the South, dragging national demand lower.

Softs:

July sugar futures settled down 0.32 to 16.90 cents per pound, the lowest price since mid-January.

Daily Levels for May 29th, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)
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Find us on Trustpilot
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

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FOMC Minutes, NVIDIA Earnings, July Rough Rice; Your 3 Important NEED-TO-KNOWS for Futures Trading on May 28th, 2025

Posted on by Cannon Operations

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FOMC Minutes, NVIDIA

fomc

By John Thorpe, Senior Broker

CME is in the process of initial margin reduction.

The Initial margin for the ES is now just 23,996.50 approx. $1000 less than last week.

An important data day tomorrow: 

FOMC Meeting Minutes and NVIDIA earnings release.

From the wires today:

An upbeat earnings report by Nvidia Corp. would bode well for a rally in US equities as investors have about $7 trillion parked in cash funds, according to BBVA strategists.

Institutional positioning in the US technology sector is “undemanding” with hedge funds and mutual funds still substantially underweight, strategist Michalis Onisiforou said. Exposure of trend-following Commodity Trading Advisors (CTA) to the broader stock market is also neutral, while volatility control funds have plenty of room to add to risk, he said.

“With the institutional length in equities far from exuberance levels,” Onisiforou said the setup favors higher exposure to stocks

Market volatility is here to stay for the foreseeable future with its ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal (pre tariff talk normal)

Tomorrow:

Econ Data:  Dallas, Richmond, Redbook and FOMC minutes.

FED Speak: 2

Earnings: NVIDIA

Tariff news: Anything goes!
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July Rough Rice

July rice stabilized its extended decline after satisfying its fourth downside PriceCount objective last month. Now, the chart has activated upside counts on the recovery and completed the first objective to the 1344 area.
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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.

Daily Levels for May 28th, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)
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Find us on Trustpilot
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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FOMC, NVIDIA, June Dollar Index; Your 5 Important Need-To-Knows for Trading through Memorial Day Weekend, 2025

Posted on by Cannon Operations

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Cannon Futures Weekly Letter

In Today’s Issue #1243

  • Trade Against the Pro – Trading Competition

  • The Week Ahead – A shortened week. FOMC Minutes and NVIDIA earnings

  • Futures 101 – Memorial Day Trading Schedule
  • Hot Market of the Week – June Dollar Index
  • Broker’s Trading System of the Week – Heating Oil Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Trade Against the Pro – Simulated Contest, Real Cash prizes!

Opportunity to learn and win

Explore the benefits of futures trading while competing against your peers for a chance to win up to $2,500 in cash prizes. Practice trading different futures contracts with new perspectives and tips from a seasoned futures pro.

Refine your futures strategies

Mark your calendar for the trading challenge scheduled from June 1-6. This is your opportunity to test-drive trading strategies for futures in a risk-free environment. Additionally, once the challenge starts, you’ll gain access to exclusive daily educational videos packed with invaluable insights.

GET STARTED
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Important Notices: The Week Ahead

FOMC! NVIDIA!

fomc

By John Thorpe, Senior Broker

A shortened week. FOMC Minutes and NVIDIA earnings top the list.

More volatility to come as next week all markets will be reacting to whatever comes out of the U.S. Govt leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations.

Earnings Next Week:

  • Mon. Memorial Day
  • Tue. PDD Holdings
  • Wed. Nvidia, Salesforce
  • Thu. Dell, Marvell tech
  • Fri. Costco

FED SPEECHES: (all time CDT)

  • Mon.     Memorial Day no speeches
  • Tues.     Kashkari 3 am ct, Williams, 6pm ct
  • Wed.     Kashkari 3 am ct,
  • Thu.      Kugler 1 pm ct, Daly, 3 pm ct, Logan 7 pm ct
  • Fri.       Goolsbee 5:30 pm ct

Economic Data week:

  • Mon. Memorial Day no releases
  • Tue. Durable Goods, Case-Schiller, CB Consumer Confidence, Dallas Fed
  • Wed. Redbook, Richmond Fed, Dallas Svcs. Index, FOMC MINUTES EIA Crude Stocks MOVED TO Thursday,
  • Thur. Initial claims, Core PCE. GDP Q2 est., Pending Home Sales, EIA Nat Gas 7:30 am ct, EIA stocks 11 am ct
  • Fri. Core PCE, Chicago PMI, Mich. Consumer Sentiment

 

Futures 101: Memorial Day Trading Hours

The upcoming US Memorial Day Holiday Trading Schedule for Friday, May 23rd, through Monday, May 26th, 2025, is below.

Memorial Day (May 26th) Holiday Trading Schedule:

Grains

Sunday – Closed

Monday – Closed

Tuesday – 8:30 a.m. CT Open

Livestock

Sunday – Closed

Monday – Closed

Tuesday – 8:30 a.m. CT Open

Cryptocurrencies

Monday – 4:00 p.m. CT Halt

5:00 p.m. CT Re-Open

Energy

Sunday – 5:00 p.m. CT Open

Monday – 1:30 p.m. CT Halt

5:00 p.m. CT Re-Open

FX

Monday – 4:00 p.m. CT Halt

5:00 p.m. CT Re-Open

Interest Rates

Monday – 12:00 p.m. CT Halt

5:00 p.m. CT Re-Open

Metals

Monday – 1:30 p.m. CT Halt

5:00 p.m. CT Re-Open

Stock Indices

Monday – 12:00 p.m. CT Halt

5:00 p.m. CT Re-Open

Sugar, Coffee, Cotton, Cocoa, FCOJ

Monday – Closed

Tuesday – Regular Hours

Canola

Monday – Regular Hours

U.S. Dollar Index

Monday – Regular Hours

FULL SCHEDULE
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Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

June Dollar Index

Key decision levels?

trade
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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.

Brokers Trading System of the Week

Swing 61B Trading System

Market Sector: Energies

Markets Traded:   HO – Heating Oil

System Type:  Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $25,000

Developer Fee per contract: $145.00 Monthly Subscription

System Description:

Trade ES futures. System coded to seek long or short entries, and the system only uses the higher probability signal. System contains a money management component.

Get Started

 

Learn More
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Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”.

A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.

You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position.

If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Please read full disclaimer HERE.
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Trading Levels for Next Week

Daily Levels for May 26th/27th, 2025
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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Memorial Day hours, July Wheat, Levels; Your 3 Important Need-To-Knows for Futures Trading on May 23rd, 2025

Posted on by Cannon Operations

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Wheat Outlook and Memorial Day Schedule

The upcoming US Memorial Day Holiday Trading Schedule for Friday, May 23rd, through Monday, May 26th, 2025, is below.

Memorial Day trading Schedule is available!
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July Wheat

July wheat activated upside PriceCount objectives and satisfied the first count to the $5.53 area. It would be normal for the chart to react in the form of a near term consolidation or corrective trade from this level, and it is. If we can sustain further strength, the second count projects a run to the $5.70 area.
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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.

Daily Levels for May 23rd, 2025
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)
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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.
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What to Know Before Trading Futures on May 22nd; Your 4 Important Need-To-Knows for Equity Indexes, Financials, Crypto

Posted on by Cannon Operations

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What to Know Before Trading Futures on May 22nd

Key Points for Tomorrow

By Mark O’Brien, Senior Broker

futures

Equity Indexes / Interest Rates:

Stock index futures turned lower this afternoon after a disappointing Treasury bond auction accelerated a selloff in the debt market.

The June E-mini Dow Jones futures contract dropped over 800 points, more than 2.0%, leading the E-mini S&P 500 and E-mini Nasdaq indexes lower in afternoon trading.

Financials:

U.S. 30-yr. T-bond and 10-yr. T-note futures also sold off and correspondingly debt yields spiked, with the 10-yr. rate climbing toward 4.6% and the 30-yr. rate eclipsing 5.0%

Yields extended gains in the afternoon after a $16 billion auction of 20-year Treasury bonds attracted relatively soft demand from investors, selling at a higher yield than traders had anticipated.

The selloff in stocks followed earnings reports from retailers Target, Lowe’s and TJX. Target cut its annual outlook.

Crypto:

Bitcoin futures climbed to a new all-time high for the first time since January. The current front-month May futures contract traded intraday up to 110,745 before paring its gains. Bitcoin futures total open interest surged to a record $75 billion, signaling heightened leveraged exposure as traders are eyeing a breakout above a key $108,000 resistance level. The CME Group / Chicago Mercantile Exchange leads with $17.43 billion in open interest. Within the highly leveraged environment, the potential for liquidations of short positions becomes a powerful force that could propel Bitcoin futures to new highs.

 
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Memorial Day Schedule
Memorial-Day-2025 image

Daily Levels for May 22nd 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)
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Find us on Trustpilot
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Day Trading Margins, June Milk Class III, CME Trading Challenges; Your 3 Important Need-To-Knows for Trading Futures on May 21st, 2025

Posted on by Cannon Operations

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Margins

SPAN and Day Trade Margins

by John Thorpe, Senior Broker

margins

Dive into Margin creation

Day trade margins are back to “normal” day trade valuations.

Remember Trump highlighted the need to pass and extend his 2017 tax cuts which are set to expire at years end if a new bill wasn’t passed to extend those tax credits.

Well, we are on the doorstep of that request.  Watch for equity index strength if it passes in the house this week and weakness if it doesn’t. Memorial Day weekend was his target to have the legislation passed.

A quiet data day tomorrow.

On a different note, I hear a lot about from my day traders want to understand more clearly how margin is set and when can we expect reduced day trade margins.

Here’s the short version: Margins are set by the exchange based on a number of factors then the clearing houses adjust day trading parameters based on the exchange Initial margin. Volatility is the biggest factor to affect exchange minimum initial margin.

Here’s the long story from the CME:

https://www.cmegroup.com/solutions/risk-management/performance-bonds-margins/span-methodology-overview.html

Market volatility is here to stay for the foreseeable future with it’s ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal ( pre tariff talk normal)

Tomorrow:

Econ Data:  EIA Energy stocks.

FED Speak: One speaker Barkin @ 11am CT

Earnings: TJ Max, Lowe’s, Medtronic, Target

Tariff news:  Anything goes!

SPAN Methodology Overview

CME SPAN is a market simulation-based Value at Risk system that allows you to assess risk on a portfolio basis. Explanations and examples of risk arrays and SPAN analysis are included.
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June Milk

June class III milk satisfied its second upside PriceCount objective and is correcting. At this point, IF the chart can resume its rally into new sustained highs the third count would project a potential run to the 20.55 area.
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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.

Daily Levels for May 21st, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
28ae1ddf f400 4901 82b9 03a497f63f26

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)
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Find us on Trustpilot
stars

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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Facebook  Instagram  LinkedIn
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Services
Software
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Cannon Trading Co., Inc.

12100 Wilshire Blvd

Suite 1640

Los Angeles, CA 90025 US
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.