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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!

Free Trial for Intraday Signals for Mini SP500 and Euro Currency, September 29th 2010

Posted on by Ilan

Our short “trigger” of 1123 basis Dec. SP500 did not materialize and kept us out of a short swing position, so far for a good reason. I will keep watching for what I call price confirmation over the next couple of days.

On a different note, if you like to view my intraday chart of the mini SP 500, euro currency ( as in the screen shot below from today’s session) and sometimes other markets, along with my intraday buy and sell set ups, trading concept, money and trade management please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

( NO REPEAT TRIALS )

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Free Trial for Intraday Signals for Mini SP500 and Euro Currency, September 29th 2010”

Price Levels for Futures Trading, September 28th 2010

Posted on by Ilan

Daily chart of Mini SP below. As I mentioned last week, I got a couple of potential “sell signals” and the market only gave us a small decline if that. What is being referred to as “divergence”. Well…I got one more potential for market retracement.

This time the SP will have to drop below 1123 in order for me to enter a short swing position. I call it price conformation. Meaning I would like to see price action confirming my technical speculation. FIB levels on the chart will be used to determine potential targets, stops etc.

Mini SP Future Trading Chart
Mini SP Future Trading Chart

Continue reading “Price Levels for Futures Trading, September 28th 2010”

617.10 is Initial Target for FIB Level for Futures Trading, September 24th 2010

Posted on by Ilan

I got two “false” sell signals before this last one….I think the fact that we went through the first FIB level gives this short swing trade higher chances of being correct with initial target of 617.10.

Since NONE of us have a crystal ball, one always has to calculate the proper stop or risk allocated for the trade and see if it makes sense based on ones account size, risk tolerance etc.

For this specific one, I would conclude that my short trade is wrong if we trade above 660.

SP 500 Day Trading
SP 500 Day Trading

Continue reading “617.10 is Initial Target for FIB Level for Futures Trading, September 24th 2010”

Watch for Price Action the Day After FOMC, September 22nd 2010

Posted on by Ilan

FOMC is behind us. Mixed reaction from the market and many times the real direction will show the next day, so tomorrows price action is important to watch. My indicators suggest that as long as we can hold the 1115 level, we still have a shot at more upside move. However a break below 1115 on mini SP along with continued upside in bond market may suggest temporary top. Time and price will tell.

Continue reading “Watch for Price Action the Day After FOMC, September 22nd 2010”

FOMC to Provide Futures Trading Market with Direction, September 21st, 2010

Posted on by Ilan

FOMC tomorrow around 2:15 Eastern time. Even before that we will start the day with some important housing numbers. FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow. If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market. My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. I am including 5 minutes chart from August 10th of this year, which was the last FOMC we had for your reference. Continue reading “FOMC to Provide Futures Trading Market with Direction, September 21st, 2010”

Futures and Commodity Trading Blog, September 20th 2010

Posted on by Ilan

Market finally broke to the upside but like always “tries to make it harder” for us traders…. The upside breakout lacked momentum and / or continuation, at least today. However, I have shifted my swing trading stance to cautiously bullish as long as SP500 can hold above 1105.75….

FOMC next Tuesday along with busy Thursday / Friday economic and speaking schedule.

Have a great weekend, take time to recharge the brain and “clean it” from all the ” I should have placed a stop at this price and i should have taken that trade” etc….Once a trader has a concept they feel good about, the rest of the battle is mostly mental one with yourself.

Continue reading “Futures and Commodity Trading Blog, September 20th 2010”

Commodities and Futures Trading Levels, September 16th 2010

Posted on by Ilan

Well by now this is the 3rd or 4th time we are knocking on 1122.75…..that means one out of two (in my opinion): Tomorrow morning reports help this market break this level and start another leg up towards 1157.00

OR…..

Market fails one more time against this level, fills the gap below ( 1105.75) before giving us some additional clues.

I would love to have the “correct answer” to give you but only time and price action will tell….

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Commodities and Futures Trading Levels, September 16th 2010”

1122 on SP 500 Futures Will be Point of Decision, September 14th 2010

Posted on by Ilan

Looks like 1122 should be a decision level based on the chart below.

Wishing all of you a great trading week. For a free 2-week trial to live intraday trade set ups on the mini SP 500, please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

SP-500-Day-Trading-2010-09-14-150x150

Continue reading “1122 on SP 500 Futures Will be Point of Decision, September 14th 2010”

Future Stock Indices Due for Rollover, September 10th, 2010

Posted on by Ilan

Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 9th at 8:30 am Chicago time from the September 2010 contract to the December 2010 contract. The month code for December is ‘Z’. It is recommended that all new positions be placed in the December contract as of Thursday’s trade date. Please close any open September Currencies positions by the close on Friday the 10th. Should you have any further questions please contact your broker.

Continue reading “Future Stock Indices Due for Rollover, September 10th, 2010”

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.