Nasdaq, Mini Dow, Mini S&P: Avoid These 4 Costly Mistakes in a $10,545 Nasdaq Whipsaw

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Buckle your Seatbelts; Equities, Commodities Turbulence continues

By John Thorpe, Senior Broker

Nasdaq

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Please speak with your broker about ways that you may not be aware of to assist you with your risk management plans. They may surprise you with the creative solutions you may find more efficient than simple stop orders or the old “hand on the mouse blow yourself out” strategy.

Market volatility is here to stay for the foreseeable future

Mini – Nasdaq

Choose your opportunities wisely.

Federal Reserve Chairman Powell: still uncertain what the administration’s new trade policies will be, and that can cause “huge” issue for manufactures input prices affected by tariffs.

Mini Dow’s range today? 1080 points $value? = $5400.00 from hi to lo

Mini S & P’s range today? 169.00 points $ Value? = $8450.00 from hi to lo

Mini Nasdaq’s range today? 527.25 points $value? = $10545.00 from hi to lo

How gold is your portfolio?

All-time highs in the yellow metal today. 3358.4 per troy ounce currently trading @ 3355.5.00 + over $110.00 per oz. We offer all exchange traded contract sizes, from 1 oz to 100 ounces.

Tomorrow:

Econ Data:  Bldg Permits, Housing Starts, Initial Jobless claims, Philly Fed, EIA Nat Gas.

FED Speak: Barr

Earnings: Netflix United Healthcare, Amex.

Tariff news: Anything goes!

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Good Friday Modified Trading Schedule

This coming Friday, April 18th is Good Friday.

Please see below the modified trading schedule for Good Friday and Easter for CME and ICE exchanges

For the full schedule and details: click here.

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Daily Levels for April 17th, 2025
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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.

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Powerful Market Shift: Standard and Poors GSCI’s 12% Energy Drop Signals Growing Recession Fears

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Standard and Poors GSCI (formerly the Goldman Sachs Commodity Index)

By Mark O’Brien, Senior Broker

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General:

Stay alert tomorrow for Federal Reserve Board Chair Jerome Powell’s speech at the Economic Club of Chicago, when he will share his outlook for the U.S. economy. 12:30 P.M., Central Time.

Standard and Poors GSCI

The S&P GSCI (formerly the Goldman Sachs Commodity Index) tracks global commodities across the energy, metals and agriculture sectors and serves as a benchmark for the commodity markets as a measure of commodity performance over time.

Standard and Poors

The index currently comprises 24 commodities from all commodity sectors. The diversity of the index’s component commodities along with their weighting allows the index to respond in a stable way to world economic growth and contraction.

The index is tradable on Chicago Mercantile Exchange. Each point equals $250.

It shows that prices have declined over 8% since April 2, when U.S. President Donald Trump announced a raft of “reciprocal” tariffs – even after a slight recovery in prices after the White House leader announced a tariff about face last Wednesday.

Of all the commodities in the basket, energy fell the most since April 2, declining around 12%,

Industrial metals posted the second steepest loss of around 9%, followed by soft commodities, which fell roughly 5.2%.

Expectations of further declines in commodities prices are feeding a growing chorus of U.S. recession calls. JPMorgan expects U.S. gross domestic product to contract 0.3% this year.\

Standard and Poors

GSCI Components and Dollar Weights:

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Daily Levels for April 16th, 2025

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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.

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In times of Volatility, Avoid These 7 Costly Mistakes During 3000+ Point Dow Jones Days

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Extreme Volatility + CPI Tomorrow

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By Mark O’Brien, Senior Broker

Dow Jones & other indices

Dow Jones

As of this typing stock index futures and other futures contracts have experienced single-day range moves not seen in years and after being down, finished up:

→ E-mini Dow Jones: UP +3044 points / 8.4%

→ E-mini S&P 500: UP +480 points / 9.5%

→ E-mini Nasdaq: UP +2038 points / 11.71%

→ Crude Oil: UP +320 points / 5.2%

Volatility is skyrocketing.

This is a completely different environment of extreme trading volatility than what we were trading in 3-4 weeks ago. Markets are evolving and you must adapt your trading to changing market conditions.

This is where you find out what kind of risk taker you are; brash, overbold, unheeding, or prudent, attentive, discriminating. Everyone possesses these traits – and they influence our decision-making differently in different situations.

In trading, if the historical price moves you’re seeing bring out the daredevil in you, plan to watch your trade results all over the place: up and down more than your everyday swings with the odds increasing your account will hit a wall.

Instead, incorporate patience and prudence. Start your trading by setting daily profit targets and daily loss limits and stick to them. Do that for each trade. These days, be aware of LIMIT moves and understand what happens when the market halts at limit levels.

Find daily price limits for CME Group Agricultural, Cryptocurrency, Energy, Equity Index, Interest Rates, and Metals products: click here.

June Dollar Index

The June dollar has had a short term correction after extending its break to the third downside PriceCount objective. IF the chart can resume its slide with new sustained lows, it would have the contract low to contend with before a possible run to the low percentage fourth count to the 98.85 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 April 10th, 2025
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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.

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Massive Volatility Moves: 3 Futures Contracts Post Record One-Day Volatility

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E-Mini Extreme Volatility!

 

The last few weeks and especially the last few trading sessions we saw tremendous volatility across many markets.

Volatility

 

What we witnessed last night and during today’s session reminded me of the markets when COVID first broke out and we saw limit moves across the board.

Temporarily: Most of our platforms now require 50% margins even for day trading!

tomorrow we have FOMC minutes!!

As of this typing stock index futures and other futures contracts have experienced single-day volatility moves not seen in years. Below you will see the range between high and lows made today for E-Mini stock index contracts:

→ E-mini Dow Jones: 2,173 points

→ E-mini S&P 500: 364 points

→ E-mini Nasdaq: 1,384 points

With tomorrow FOMC minutes and the furtherance of what looks to be the beginning of a global trade war,

expect no drop-off in market volatility.

Traders not only need to be extra cautious in making trading decisions, it’s also important to be aware of important aspects of the markets they’re trading.

Key among these are the daily price limits of the markets you’re trading. A price limit is the maximum price range permitted for a futures contract in each trading session. When markets hit the price limit, different actions occur depending on the product being traded.

Some markets may temporarily halt until price limits can be expanded or trading may be stopped for the day based on regulatory rules. Different futures contracts will have different price limit rules; i.e. Equity Index futures have different rules than Agricultural futures.

Price limits are re-calculated daily and remain in effect for all trading days (except in certain physically-deliverable markets, where price limits are lifted prior to expiration so that futures prices are not prevented from converging on prices for the underlying commodity).

Equity Indexes futures have a three level expansion: 7%, 13% and 20% to the downside, and a 7% limit up and down in overnight trading.

Follow the links below to the CME Group web site to find more information on price limits generally and specific price limits for the markets you’re trading:

Find daily price limits for CME Group Agricultural, Cryptocurrency, Energy, Equity Index, Interest Rates, and Metals products: click here.

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May Feeder Cattle

May feeder cattle accelerated lower and satisfied the second downside PriceCount objective. The chart is trying to correct but if it can resume the slide into new sustained lows, the third count would project a possible run to the 256.38 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 April 9th, 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.

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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5 Key Price Limit Insights That Help Navigate May Bean Oil Volatility

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Cannon Futures Weekly Letter

In Today’s Issue #1237

  • About Price Limits

  • The Week Ahead – FOMC Minutes, tariffs News to Fuel Volatility
  • Futures 102 – Technical Analysis Course
  • Hot Market of the Week – May Bean Oil
  • Broker’s Trading System of the Week – Abacus Raider NQ Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Price Limit

price limit

A price limit is the maximum price range permitted for a futures contract in each trading session. When markets hit the price limit, different actions occur depending on the product being traded.

Some markets may temporarily halt until price limits can be expanded or trading may be stopped for the day based on regulatory rules.

Different futures contracts will have different price limit rules; i.e. Equity Index futures have different rules than Agricultural futures.

Price limits are re-calculated daily and remain in effect for all trading days (except in certain physically-deliverable markets, where price limits are lifted prior to expiration so that futures prices are not prevented from converging on prices for the underlying commodity).

Equity Indexes futures have a three level expansion: 7%, 13% and 20% to the downside, and a 7% limit up and down in overnight trading.

Follow the links below to the CME Group web site to find more information on price limits generally and specific price limits for the markets you’re trading:

Find daily price limits for CME Group Agricultural, Cryptocurrency, Energy, Equity Index, Interest Rates, and Metals products: click here.

Price Limit

Important Notices: The Week Ahead

By Mark O’Brien, Senior Broker

Tariffs News & FOMC Minutes to Dominate Markets & Volatility

U.S. stocks and many commodities like metals, energies, softs and grains were battered by a sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that looks to be escalating a global trade war.

The E-mini Dow Jones futures contract plunged by over 2,150 points this afternoon, ±5.3%. The broader E-mini S&P 500 was 5.9% lower. The E-mini Nasdaq futures contract dropped over 1000 points for the second day / ±5.9% on track to close in a bear market — down more than 20% from its record high in December.

Traders have been looking at the dramatic escalation of a trade war and viewing it as a potential to plunge the U.S. and global economies into recession.

The feeling is that odds of a recession would rise if countries began to retaliate against the United States — and China did so Friday. Retaliation raises the risk of further escalation and could diminish hopes for negotiation.

FED SPEECHES:

  • Mon.    Bostic 12: Fed Governor Adriana Kugler speaks, 9:30 A.M., C.T.
  • Tues.  No scheduled Fed speakers
  • Wed.    Richmond Fed President Tom Barkin speaks, 10:00 A.M.,C.T.
  • Thu.     Kansas City Fed President Jeff Schmid speaks, 9:00 A.M., C.T.
  •         Fed Governor Michelle Bowman testifies to Senate, 9:00 A.M., C.T.
  • Fri.      New York Fed President Williams speaks, 100:00 A.M., C.T.

Economic Data week:

  • Mon. Consumer Credit, 2:00 P.M., C.T.
  • Tue. Quiet
  • Wed. Wholesale Inventories, Minutes of Fed.’s March FOMC meeting
  • Thur. Consumer Price Index, Initial Jobless Claims
  • Fri. Producer Price Index

Futures 102: Technical Analysis

Course overview

There are two types of analysis used by traders to inform their trading decisions. Technical analysis and fundamental analysis. In this course, you will learn about the various patterns, indicators, and analysis techniques traders use when studying the price of a commodity.

We will start at the beginning by learning how to read price charts. Then we’ll cover some of the more popular techniques such how to identify trend and reversal patterns, finding support and resistance levels, and various oscillators.

Start FREE Course Now

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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

bean oil

May Bean Oil

May bean oil accelerated to its third upside PriceCount objective that was consistent with a challenge of the overhead highs. Now, the chart is correcting.

At this point, IF you can break out above the Nov/Feb Peaks and sustain new highs, the low percentage fourth count would project a possible run to 53.68 which is near the original third objective at 53.90.

The convergence of PriceCounts adds to the significance of that target area.

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That’s May Bean Oil!

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

Abacus Raider NQ Trading System

Market Sector: Stock Index Futures

Markets Traded:   NQ

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $10,000

Developer Fee per contract: $70.00 Monthly Subscription

System Description: 

An NQ day trading system currently traded by the developer who has 15+ years’ experience. The system identifies opportunities where there is a high probability of profit over a time frame lasting no longer than a few minutes. Short holding periods reduce risk and drawdown size and require less capital.

The system trades long and short, performs in low or high volatility markets and has no significant correlation to the S&P500 index. It is robust with simple logic and averages 4-5 trades a month with no overnight positions. System is not available in the MNQ market.

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 April 7th, 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 AppleSpotify, Amazon

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Trading Crude Oil Futures

7 Powerful Reasons Crude Oil Futures Remain a Top Trading Opportunity

Crude oil plays a pivotal role in the global economy. It fuels transportation, powers industries, and supports the manufacture of countless products, from plastics to chemicals. Given its strategic importance, it’s no surprise that crude oil is one of the most actively traded commodities in the world. Trading crude oil futures has become an essential activity for hedgers, speculators, and institutional investors alike. This research paper delves into why crude oil futures are among the most coveted contracts in the futures market, their historical origins, evolution, risk assessments, and the benefits of using a reputable brokerage like Cannon Trading Company to engage in oil futures trading.

Origins of the Crude Oil Futures Contract

The crude oil futures contract as we know it today traces its origins back to the 1980s. Before this, crude oil was primarily traded via long-term physical contracts between producers and consumers. However, market volatility and geopolitical tensions in the 1970s, notably the oil embargo of 1973 and the Iranian Revolution of 1979, exposed the need for a more flexible pricing mechanism.

In response to these events, the New York Mercantile Exchange (NYMEX) introduced the first crude oil futures contract in 1983. This innovation provided market participants with a standardized, regulated mechanism to hedge against price volatility or speculate on price movements. The introduction of this oil futures contract was a watershed moment in the history of commodity trading, laying the groundwork for the sophisticated oil futures trading systems we see today.

Why Crude Oil Futures Are Highly Coveted

Several factors contribute to the popularity of crude oil futures contracts:

  • Liquidity and Volume: Crude oil futures are among the most liquid commodities traded. The high trading volume ensures tight bid-ask spreads and minimal slippage, making them ideal for both institutional and retail traders.
  • Global Relevance: Oil is a universally consumed commodity, and geopolitical events affecting oil-producing regions can cause significant price fluctuations. This global relevance ensures that oil futures trading remains dynamic and closely watched.
  • Volatility and Opportunity: While volatility can pose risks, it also creates opportunities for substantial profits. Traders who understand the market dynamics can capitalize on rapid price movements.
  • Accessibility and Leverage: Trading crude oil futures allows traders to control large contract sizes with relatively small margins, increasing their potential returns.
  • Hedging Mechanism: For oil producers, refineries, and large-scale consumers, crude oil futures provide a means to lock in prices and mitigate risks associated with market fluctuations.

The Rise of Speculation in Oil Futures Trading

Initially, the crude oil futures market was dominated by commercial players seeking to hedge their exposure. However, the landscape began to change in the late 1990s and early 2000s with the influx of hedge funds, institutional investors, and retail traders. Several factors contributed to this shift:

  • Financialization of Commodities: Commodities, including crude oil, were increasingly viewed as investment assets. The launch of commodity index funds and ETFs made it easier for investors to gain exposure to oil futures.
  • Technological Advancements: Online trading platforms and real-time data enabled more participants to engage in oil futures trading with greater ease and speed.
  • Macro-economic Events: Events like the 2008 financial crisis and subsequent quantitative easing measures by central banks led investors to seek alternative assets. Crude oil, being a tangible asset with intrinsic value, attracted speculative interest.
  • Price Swings and Media Coverage: High-profile price swings, such as oil reaching $147 per barrel in 2008 and the historic dip into negative prices in April 2020, generated significant media attention and drew in speculative traders.

As a result, speculators now account for a significant portion of the open interest in crude oil futures markets, adding to both the liquidity and volatility of these contracts.

Key Events That Shaped the Oil Futures Market

  • 1973 Oil Embargo: Highlighted the vulnerability of oil supply chains and the need for risk management tools.
  • 1983 Launch of NYMEX Oil Futures: Marked the formal beginning of exchange-traded oil futures.
  • 2008 Oil Price Spike: Drew attention to the potential profits in trading crude oil futures.
  • 2014 Oil Price Crash: Demonstrated the impact of oversupply and changing global demand.
  • 2020 COVID-19 and Negative Oil Prices: A historic moment where crude oil futures briefly traded below zero due to storage issues, underscoring the complexity and risk of these contracts.

Each of these events has contributed to the continued popularity of trading crude oil futures by highlighting both the risks and rewards inherent in the market.

Risk Assessment and Profit Potential

Trading crude oil futures involves significant risk, but it also offers considerable profit potential. Here is a breakdown of both:

Risks:

  • Price Volatility: Crude oil prices can fluctuate wildly due to geopolitical tensions, natural disasters, OPEC decisions, and economic indicators.
  • Leverage Risk: While leverage can amplify gains, it can also magnify losses. A small adverse movement can result in significant financial loss.
  • Market Sentiment and Speculation: The market is often driven by sentiment and news, which can lead to unpredictable price swings.
  • Liquidity Risk: While crude oil futures are generally liquid, during periods of extreme volatility, liquidity can dry up, resulting in wider spreads.

Profit Potential:

  • Strategic Speculation: Traders who accurately predict price movements can realize substantial gains.
  • Arbitrage Opportunities: Differences between spot and futures prices, or between different delivery months, can be exploited.
  • Hedging and Risk Transfer: Commercial players can lock in prices, reducing uncertainty and improving financial planning.

Over the years, risk management tools such as stop-loss orders, advanced charting, algorithmic trading, and diversified portfolios have evolved, helping traders navigate the complexities of oil futures trading more effectively.

How to Trade Oil Futures

Trading crude oil futures involves several key steps:

  • Choosing a Broker: A reliable and experienced broker is essential. They provide the platform, market data, and support needed for successful trading.
  • Understanding the Contract Specifications: Most crude oil futures contracts are standardized (e.g., NYMEX WTI contracts represent 1,000 barrels of crude).
  • Analyzing the Market: Traders use technical, fundamental, and sentiment analysis to make informed decisions.
  • Managing Risk: This includes setting stop-loss levels, using appropriate position sizing, and monitoring market exposure.
  • Executing and Monitoring Trades: Once trades are placed, they need to be monitored, and exit strategies should be in place.

The key to success in trading crude oil futures lies in education, discipline, and access to the right tools and information.

Why Cannon Trading Company Is Ideal for Oil Futures Trading

Cannon Trading Company stands out as a premier brokerage for trading crude oil futures for several compelling reasons:

  • Free Trading Platforms: Cannon Trading offers a wide selection of top-performing, professional-grade trading platforms at no cost. These platforms include advanced charting tools, real-time data, and intuitive interfaces that are perfect for both beginners and seasoned traders engaging in oil futures trading.
  • Highly Rated Customer Service: With countless 5-star ratings on TrustPilot, Cannon Trading has built a reputation for reliability, transparency, and client satisfaction. Their team is known for being the first to pick up the phone, ensuring that traders receive timely support during critical trading hours.
  • Experienced Brokers: The company’s onsite brokers bring decades of hands-on experience in trading crude oil futures. Their deep market knowledge and personalized support can be invaluable, especially during volatile market conditions.
  • Strong Regulatory Record: Cannon Trading has an exemplary compliance history with industry regulators, providing clients with confidence in the firm’s integrity and operational security.
  • Educational Resources: Cannon Trading is also committed to trader education, offering webinars, articles, and real-time market insights to help clients understand how to trade oil futures effectively.

These factors make Cannon Trading an excellent partner for anyone looking to explore or expand their oil futures trading activities. Whether you’re a novice wanting to learn how to trade oil futures or a seasoned investor seeking a better platform, Cannon Trading delivers on all fronts.

Trading crude oil futures has evolved into one of the most dynamic and potentially lucrative areas of the financial markets. From its origins in the 1980s to the speculative booms of the 21st century, the oil futures contract has proven its resilience and relevance. Despite inherent risks, the contract’s liquidity, volatility, and global importance continue to attract traders and investors from around the world.

Choosing the right broker can significantly enhance one’s oil futures trading experience. Cannon Trading Company, with its cutting-edge free trading platforms, exceptional customer service, and seasoned brokers, provides an optimal environment for trading crude oil futures successfully.

For more information, click here.

Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

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3 Explosive, Novel Opportunities in Bitcoin & Cocoa Futures You Can’t Miss

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Cannon Futures Weekly Letter

In Today’s Issue #1235

May Cocoa, Bitcoin Futures

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  • The Week Ahead – Inflation Data, Earnings & Housing
  • Futures 102 – Intro to Bitcoin Futures
  • Hot Market of the Week – May Cocoa

  • Broker’s Trading System of the Week – Mini SP500 intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

First week of Spring!

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

 

Where will volatility come from next week?

 

Highlights next week will include more Housing data and plenty of “Soft Data” about consumer confidence and hard data about inflation. Earnings are in the bottom of the Ninth inning, I have included below the largest cap stocks reporting next week, you will agree: these should not have much of an impact on the price of any of the indices.

Finally, the FED Speakers are back! 9 separate speeches, the times are below.

Earnings Next Week:

  • Mon. McCormick Spice co
  • Tue. Gamestop
  • Wed. Cintas, Paychex,inc, Dollartree
  • Thu. Lululemon
  • Fri. Quiet

FED SPEECHES:

  • Mon.     Bostic 12:45 CDT, Barr 2:10 CDT,
  • Tues.     Kugler 7:40 CDT, Williams 8:05 CDT ,
  • Wed.     Kashkari 9:00 CDT, Musalem 9:10 CDT
  • Thu.      Barkin 3:30 CDT
  • Fri.       Barr 11:15 CDT, Bostic 2:30 CDT

Economic Data week:

  • Mon. Chicago Fed Nat’ l activity index, S&P Global composite PMI
  • Tue. Redbook, Case Schiller Home Price index, Consumer confidence, New Home Sales, Richmond Fed Mfg. Index,
  • Wed. Durable Goods, EIA Crude Stocks
  • Thur. GDP Final (consensus 2.3 % ann growth rate) , Core PCE (consensus 2.7%) Initial Jobless Claims, Pending Home Sales, EIA Nat Gas.
  • Fri. Core PCE M o M, Michigan Consumer Sentiment

Futures 102: Introduction to Cryptocurrency futures

Course overview

Cryptocurrency futures, available at CME Group, provide market participants with multiple products for cryptocurrency risk management or market expression. Expand your understanding of the cryptocurrency markets, products, and underlying reference rates. This course covers:

 

  • Bitcoin

  • Ether
  • Micro Bitcoin

  • Micro Ether
  • Options on Bitcoin futures

  • BTIC on Cryptocurrency futures

Start FREE Course Now

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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

May Cocoa

May cocoa completed its first downside PriceCount objective early this month and spent time trading sideways in a consolidation trade. Now, the chart is threatening to break down again where new sustained lows would project a possible slide to the second count in the 7130 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.

Brokers Trading System of the Week

Abacus Momentum Trading System

System Description

Market Sector: Stock Indexes

Markets Traded:  ES ,

System Type: Day Trading

Risk per Tradevaries

Trading Rules: Not Disclosed

Suggested Capital: $19,500

System Description: 

An ES day trading system currently traded by the developer who has 15+ years’ experience. The system seeks to catch significant intra-day moves (long or short) on days when market movement is expected to be above average.

Short positions trade one contract but long positions trade two contracts to reflect a lower risk/reward profile. Correlation to the S&P500 index is very low and the system is designed to perform in both bull and bear markets. The system is robust with simple logic and averages 5-6 trades a month without the risk of overnight positions.

Recommended Cannon Trading Starting Capital

$20,000

COST

Developer Fee per contract: $145.00 Monthly Subscription

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 March 24th, 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.

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Triple Witching Friday; Powerful Market Shift! 3 Crucial Facts About Triple Witching Friday

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Triple Witching!

triple witching

Triple Witching tomorrow!

Stock Index March contracts (i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, March 21st (8:30 A.M., Central Time). At that point, trading these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any March futures contracts through 8:30 A.M., Central Time on Friday, they will be offset with the cash settlement price, as set by the exchange.

Triple Witching!

FRONT MONTH IS NOW JUNE, the symbol is M25, example for MICRO mini SP is MESM25

Things to know about Triple Witching

A “triple witching,” is NOT without risk for holders of futures and futures option contracts.

A triple witching is the simultaneous expiration of stock options, index futures, and index futures options that occurs four times a year.

The first triple witching of 2025 will take place this Friday. Futures Stock indices and futures Options cease to allow trading at the opening bell of the Cash Stock market and settle, NOT to the final traded price at that time but, at a fixed settlement price based on where all the stocks making up the index have opened, this becomes the cash settled price for those contracts not offset prior to the trading halt.

Triple Witching!

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Bloomberg Commodity Index

The Bloomberg Commodity Index is a basket of 24 commodities spread across energy, grains, softs, livestock, industrial and precious metals. The weekly chart has developed a 2-year sideways range of trade. IF the chart can break out to the topside, there are upside PriceCount objectives in place which suggest that this index would have significant potential to run.

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Chart above 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

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 normalfor 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 March 21st, 2025

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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

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FOMC: Shocking Decision Just Sent Gold Soaring: 3 Big Reasons Why

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Market Highlights

by Mark O’Brien, Senior Broker

The Day After FOMC

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FOMC Meeting Update  

The FOMC left interest rates unchanged today.  In language newly added to its policy statement, “Uncertainty around the economic outlook has increased.”  Surveys of consumers and businesses, corporate earnings, and financial markets, albeit “soft data,” have suggested that the economic ground may be shifting beneath our feet.  Last Friday, the University of Michigan’s preliminary survey of consumer sentiment for March sank for the third straight month, showing sharply lower expectations for the future – regardless of respondents’ party affiliations.  Warnings have percolated from airlines and retailers, i.e. Dollar General and Walmart, about underwhelming consumer demand.  Outplacement firm Challenger Gray & Christmas announced layoffs reached their highest levels since the summer of 2020, when the pandemic was in full force — and the highest level for the month of February since 2009. That’s all for the FOMC for now.

Metals:

Gold prices edged higher to hover near all-time highs on the heels of Fed Chairman Jerome Powell’s post announcement press conference.

Daily Levels for March 20th, 2025

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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.

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Gold Surges to All-Time Record High of $3040 – 5 Key Signals, 7 Volatility Triggers Before the FOMC Decision

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Movers & Shakers – GOLD

by John Thorpe, Senior Broker

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Movers and Shakers:  FOMC Meeting Tomorrow @ 1:00PM CDT

    Market volatility is here to stay for the foreseeable future

Choose your opportunities wisely. Prepare for shocks on the tomorrow FOMC Rate decision but, more importantly, expect a roller coaster during the Chairman’s statement and Q and A 30 minutes to follow.

How gold is your portfolio? 

All time highs in Gold today. 3040.00 per troy ounce of Gold. We have all contract sizes, from 1 oz to 100 ounces of Gold.

Today was a subdued trading day for almost all of the high-volume products we trade compared to the past 30 days or so.

Waiting for FOMC rate decision?

GOLD

Here were today’s top headlines.

Updated: March 18, 2025 7:32 am

US Housing Starts and Building Permits Headline Recap

**US February Housing Starts: +11.2% to 1.501 mln units annualized rate; expected +1.0% to 1.38 mln

**US February Building Permits: -1.2% to 1.456 mln unit annualized rate; expected -2.2% to 1.45 mln

Updated: March 18, 2025 8:17 am

Federal Reserve US Industrial Production & Capacity Utilization Headline Recap

**Federal Reserve February US Industrial Production: +0.7%; expected +0.3%

**Federal Reserve February US Capacity Utilization: +0.5% to 78.2; expected 77.8%

**Federal Reserve January US Industrial Production revised: +0.3%; prior +0.5%

  • **Federal Reserve January US Capacity Utilization revised: 77.7%; prior 77.8%

Daily Levels for March 19th, 2025

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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

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