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Category: Energy Futures

Energy Markets and CPI Announcement Tomorrow PLUS: July Corn, Crude Oil Volatility, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on April 10th, 2026

Posted on by Cannon Operations
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At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4671.80 4732.40 4779.20 4839.80 4886.60

Silver (SI)

— May. (#SI)

 71.24 73.48 75.16 77.39 79.07

Crude Oil (CL)

— May. (#CL)

 91.64 95.47 99.09 102.92 106.54

 June Bonds (ZB)

— June. (#ZB)

 113 8/32 113 23/32 114 5/32 114 20/32 115 2/32

Cannon Trading — Market Close Commodities Wrap

Energy

energy

Commodities ended the session mixed as markets continued to digest this week’s geopolitical swing and today’s macro tone. Energy stabilized, with WTI firmer and Brent still lagging as traders recalibrated risk after yesterday’s reports of a two‑week US–Iran ceasefire framework aimed at easing tensions and reopening Hormuz.

Products were steady after the recent volatility spike, though the market remains headline‑sensitive. Metals eased, with gold extending its controlled pullback as yields stayed elevated and the market continued to absorb the Fed’s data‑dependent stance from yesterday’s FOMC Minutes.

Copper

Copper held firm on balanced demand signals. Agriculture traded mixed, with soymeal showing relative strength while grains stayed range‑bound and softs continued to reflect tight supply dynamics. Cross‑asset flows leaned defensive, with a firmer dollar and ongoing fund positioning adjustments shaping late‑day action.

Tomorrow – CPI

Looking ahead to tomorrow, the focus shifts squarely to a heavy macro data slate. At 7:30am, markets will react to CPI, where expectations call for Core CPI m/m at 0.3% (prev 0.2%), headline CPI m/m at 1.0% (prev 0.3%), and CPI y/y at 3.4% (prev 2.4%) — a potentially market‑moving set that will drive yields, the dollar, and metals at the open.

At 9:00am, traders will watch Prelim UoM Consumer Sentiment (51.6 exp vs. 53.3 prior) and Inflation Expectations (3.8%), followed by Factory Orders at ‑0.3% expected vs. 0.1% prior. The day rounds out with the Federal Budget Balance at 1:00pm.

Energy

Energy markets will remain sensitive to any overnight developments around the ceasefire negotiations, which continue to be the dominant swing factor for crude spreads and volatility. Metals will trade off the CPI‑driven move in yields and the dollar, while ag markets will focus on export demand and updated weather models. With volatility still elevated across commodities, tomorrow’s session will hinge on whether CPI cools the dollar or forces another round of repricing across risk assets.

SPREAD Traders: Have you looked into the WTI Crude and brent Oil Spread??

Read tomorrows market brief before the open HERE.
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July Corn

The rally in July Corn satisfied its third upside PriceCount objective last month and lost its momentum. On the correction lower, the chart activated fresh downside counts and completed the first objective. If the chart can sustain further weakness, the second count would project a possible slide to the 4.45 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.

Cannon Edge — Your Daily Futures Snapshot for April 10th
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Daily Levels for April 10th, 2026
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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 Central Time ( Chicago)
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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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Energy Volatility Amidst FOMC Decision PLUS: June US Dollar Index, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on March 19th, 2026

Posted on by Cannon Operations
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FOMC Decision, Energy Volatility

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

 4717.80 4783.40 4902.70 4968.30 5087.60

Silver (SI)

— May. (#SI)

 72.65 74.36 77.34 79.04 82.02

Crude Oil (CL)

— April. (#CL)

 88.73 93.22 95.95 100.44 103.17

 June Bonds (ZB)

— June. (#ZB)

 113 10/32 113 24/32 114 17/32 114 31/32 115 24/32

energy

General:

For the second consecutive meeting, the Federal Reserve held interest rates steady today and preserved a path to cutting rates this year.  Fed officials voted 11-1 to hold the benchmark federal-funds rate in a range between 3.5% and 3.75%. Twelve of the nineteen meeting participants penciled in at least one cut this year, the same as in December.

The Fed’s post-meeting statement acknowledged uncertainty from the war in the Middle East as higher energy prices from the Iran war threaten to prolong their yearslong inflation fight.

Energy:

Israel struck Iran’s South Pars gas field, the largest such facility in the world, prompting immediate threats of retaliation from Iran. The Iran government’s Islamic Revolutionary Guard Corps stated that it considered refineries and other energy infrastructure across Saudi Arabia, the United Arab Emirates and Qatar to be “legitimate and prime targets.”  Gulf oil officials said evacuations have already started for the sites on the list, as well as for other energy facilities in the region.

Oil:

Oil prices jumped on the news with Brent Crude oil on the ICE Exchange trading within pennies of $110/barrel intraday. West Texas Intermediate crude oil futures traded on CME Group’s NYMEX Exchange reached $99.41/barrel overnight last night (basis the April contract) as is poised to close at its second highest price level since the start of the Middle East conflict.

Heads up (reiterating from last week):

Keep in mind that day trading margins can change at your clearing firm / FCM – for certain markets, entire asset classes, i.e., energies, precious metals, stock indexes, etc., particular gateways, i.e., Rithmic, CQG, Sierra/Teton. They can also vary during overnight hours and prior to certain events, i.e., important economic report releases, scheduled statements by important people, agencies, etc. Contact your Cannon Trading Co. broker for specifics.

Plan your trades and trade your plans

Cannon Edge for March 19th
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Introducing Cannon Edge — Your Daily Futures Snapshot Above

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

  • Current price and daily % change

  • 30‑day and 52‑week highs/lows

  • PROPRIETARY Short‑term and long‑term trend signals

June US Dollar Index

The June US Dollar Index satisfied its first upside PriceCount objective early this month and corrected. The chart resumed its rally into a new high but faltered. If it can sustain further strength, the second count projects a possible run to the 100.83 area.

FREE TRIAL AVAILABLE
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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 March 19th, 2026
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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

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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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Shutdown Day 36, Crypto and Energy Trading, March Corn, Levels, Reports; Your 5 Important Need-To-Knows for Trading Futures on November 6th, 2025

Posted on by Cannon Operations
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Shutdown, Crypto & Energy Futures

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

 3912.00 3953.30 3977.00 4018.30 4042.00

Silver (SI)

— Dec (SIZ5)

 45.94 46.95 47.53 48.54 49.13

Crude Oil (CL)

— Dec (CLZ5)

 58.50 59.05 60.07 60.62 61.64

 Dec. Bonds (ZB)

— Dec (ZBZ5)

 115 11/32 115 27/32 116 28/32 117 12/32 118 13/32

Day 36 of the U.S Government shutdown, which officially makes it the longest in U.S. history.

Here’s a 50-year look-back at government funding gaps and shutdowns.

Data for the current shutdown is through November 4.
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crypto

Crypto:

From its October 6th record high closing of 126,705, the Dec. Bitcoin futures contract entered a technical bear market yesterday, trading intraday below $100,000 for the first time in four months and down over 20%, closing at 101,545. For that full Bitcoin futures contract – with a contract unit of 5 Bitcoin – this is a >$125,000 per contract move.

For the micro-Bitcoin futures contract – with a contract unit of 1/10 Bitcoin – this is a >$12,500 per contract move.

Similar movement was seen in other CME crypto futures, including Ether and the new Solana and XRP futures contracts. All offer full and micro-futures contracts.

Find out more at the CME Group page on Cryptocurrency futures and options

Energy:

Dec. crude oil fell below $60/barrel after U.S. government data showed an increase in crude inventories last week. Against this backdrop, some traders and analysts are bracing for further declines as the global supply glut looks to continue into 2026.

Even with U.S. sanctions on Russia’s top oil producers, Rosneft and Lukoil, and the OPEC+ decision to pause output hikes in the first quarter of next year, there is still concern about a potential supply glut.

The World Bank last week forecast that the oil glut “has expanded significantly in 2025 and is expected to rise next year to 65% above the most recent high, in 2020.” Reminder: it was April 2020 when crude oil futures traded briefly into negative territory and spent the latter 10 months trading below $50/barrel.
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March Corn

March corn is consolidating while contending with overhead against the extended downtrend and 200 DMA. At this point, new sustained highs would project a potential run to the third upside PriceCount objective to the 4.83 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 Nov. 6th, 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

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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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Second Interest Rate Cut, December Cotton, Levels, Reports; Your 4 Critical Need-To-Knows for Trading Futures on October 30th, 2025

Posted on by Cannon Operations
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What You Need to Know Before Trading Futures Tomorrow!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

 3861.93 3910.07 3978.13 4026.27 4094.33

Silver (SI)

— Dec (SIZ5)

 46.01 46.69 47.60 48.28 49.19

Crude Oil (CL)

— Dec (CLZ5)

 59.02 59.67 60.34 60.99 61.66

 Dec. Bonds (ZB)

— Dec (ZBZ5)

 117 7/32 117 20/32 118 13/32 118 26/32 119 19/32

interest

Interest Rates

It wasn’t even apparent during Chair Jerome Powell’s post-announcement news conference what triggered the price jolts in several of the futures markets this afternoon – including a ±50-point decline in the E-mini S&P 500 and a ±200-point decline in the E-mini Nasdaq in the span of eight minutes, or the ±$40 sell-off in gold in the span of two minutes.

Regardless of the cause, they served as the latest real-world examples of why it’s so important for traders of all types to assess the risks of their trades – before you enter into them – and have a plan to manage that risk. Day traders and position traders alike should be aware of important planned events – just like FOMC announcements and press conferences – and anticipate the potential risks to those events (these days it’s wise to include occasions when the U.S. president speaks, considering his ongoing involvement and influence in global trade relations).

These events certainly create opportunities for traders – outsize moves can also result in outsize favorable outcomes – but the most important aspect to trading – is always to manage risk.

General – Interest Rates:

Day 29 of the U.S Government shut-down, now the second-longest on record.

The Federal Reserve cut interest rates by a quarter of a percentage point today – its second consecutive rate cut, lowering the Fed’s benchmark interest rate to a range of 3.75 to 4 percent, its lowest level in three years.

Stock Index Futures:

We’re amidst earning season for the third quarter. Moving into full swing, all eyes were on Microsoft, Google-parent Alphabet and Facebook-owner Meta today– all releasing their latest earnings results after the closing bell.

Tomorrow:

Apple and Amazon

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December Cotton

December cotton violated its contract low this month but for now was unable to sustain the break towards the low percentage drawn downside PriceCount objective near 57 cents not shown here for presentation purposes. The new chart has activated upside counts on the correction higher and is quickly approaching the first objective to the 66.27 area. To achieve any additional upside targets, we will first have to break out above the long-term downtrend
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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 Oct. 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.

Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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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Algorithmic Precision Trading, December Soymeal, Levels, Reports; Your 4 Important Need-To-Knows for Trading Futures on October 24th, 2025

Posted on by Cannon Operations
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Enhance Your Edge with Algorithmic Precision

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2
Gold (GC) — Dec (GCZ5) 4035.77 4083.83 4127.67 4175.73 4219.57
Silver (SI) — Dec (SIZ5) 46.88 47.71 48.47 49.30 50.05
Crude Oil (CL) — Nov (CLX5) 58.60 60.12 61.16 62.68 63.72
 Dow Jones (YM) — Dec 2025 46437 46669 46831 47063 47225

Enhance Your Edge with Algorithmic Precision

algorithmic

Take the guesswork out of your trading decisions…

Cannon Trading’s advanced analytics platform integrates algorithmic models with color-coded indicators to deliver real-time, data-driven insights directly to your screen.
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From VWAP deviations and volatility bands to momentum oscillators and trend confirmation signals, every feature is designed to help you:

✅ Identify possible high-probability setups

✅ Manage risk with precision

✅ Streamline complex analysis into clear, actionable signals

Whether you’re scalping intraday moves or executing swing strategies, our system gives you the clarity and support some professional traders rely on.

Experience the power of professional-grade analytics — start your FREE trial today.

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Important: Trading commodity futures and options involves a substantial risk of loss.  

The recommendations contained in this blog are of opinion only and do not guarantee any profits.  

Past performances are not necessarily indicative of future results.
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December Soymeal

December meal satisfied its first upside PriceCount objective off of the October low. It would be normal for the chart to react from this level in the form of a near term consolidation or corrective trade. From here, if we can extend the rally with sustained strength, the second count would project a possible run to the $298 area.

And that’s a December Soymeal projection for you!
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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 Oct. 24th, 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

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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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Futures FYI: Metals, Stock Index Futures, Energies, Dec-March Corn Spread, Levels, Reports; Your 6 Important Need-To-Knows for Trading Futures on October 23rd, 2025

Posted on by Cannon Operations
9dc1e02e d5f7 4ff4 abf7 1df60775f196

What You Need to Know Before Trading Futures Tomorrow!

By Mark O’Brien, Senior Broker

futures

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2
Gold (GC) — Dec (GCZ5) 3951.53 4035.67 4105.33 4189.47 4259.43
Silver (SI) — Dec (SIZ5) 46.09 47.19 47.92 49.02 49.75
Crude Oil (CL) — Nov (CLX5) 56.37 57.88 58.86 60.37 61.35
 Dow Jones (YM) — Dec 2025 46315 46553 46877 47115 47439

General:

Day 22 of the U.S Government shut-down, now the second-longest on record. Today it overtook the 21-day shutdown of 1995-96. Without a fix, many federal employees will not be getting paid this Friday, the first full paycheck they’ll miss as a result of the shutdown.

Stock Index Futures:

We’re amidst earning season for the third quarter. Moving into full swing, all eyes were on IBM, AT&T and in particular Tesla – all releasing their latest earnings results after the closing bell.

Tomorrow: Intel

Metals:

It’s another installment of the broken record precious metals report – with a twist.

On Monday, Dec. gold futures rose to a new all-time intraday high of $4,398.00/ounce and closed up nearly $150/ounce above Friday’s close. As this blog is being composed, the contract is trading ±$300/ounce lower ±$4,090/ounce – a ±$30,000 per contract move. This includes yesterday’s free-fall of over $300/ounce marking its largest single-day sell-off in 13 years.

Despite the dip, gold is still up over 50% year-to-date. HSBC predicts that the precious metal will hit $5,000 next year.

Energies:

After remaining on their lows last week – with a new multi-month intraday low of $55.96/barrel in the December contract on Monday, futures rose after President Trump again said India would reduce its purchases of Russian oil, while today’s EIA’s report showed a one-million-barrel drop in U.S. crude oil inventories following three weekly builds. Today, Dec. crude oil rose over $2.00/barrel to an intraday high of $59.67/barrel.
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Dec – March Corn Spread

The Dec-March corn spread has resumed its rally into a new high. At this point, the chart appears to be taking aim at its third upside PriceCount objective to the -12 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 Oct. 23rd, 2025
c48698a2 ba4e 4bd2 80ca 49584262c1f0

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

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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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Volatility Tips, December Crude Oil, Bollinger Bands & Parabolics, Levels, Reports; Your 5 Important Must-Knows for Trading Futures on October 17th, 2025

Posted on by Cannon Operations
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Volatility Pointers

volatility

The last few trading sessions we saw tremendous volatility across many markets.

Here are some ideas to explore during times like these:

1.      You don’t have a crystal ball. To think you can buy an ES contract in this volatility and use a 2 point stop in hopes of making 20 points profit is a very low probability event…you would need to buy it at the PEREFECT time for this to happen. Point is, with higher volatility you need to use WIDER stops to give yourself a chance. That may mean using SMALLER trade size.

2.      If you are able to, share your read with another trader, it may provide you with a better perspective just by sharing.

3.      If you think there is room for a big move or what we call a “runner” – be prepared to for the pullbacks. Use multiple time frames to gain a better perspective and hang in there for the big move, if this is what you think can happen.

4.      If you have enough risk capital, try to use multiple contracts, example buying 2 rather than 1. Taking profit on the first part of the position will help you relax and look at what the market is really telling you rather than what you would like it to say. It helps reduce both the fear and the greed.

5.    “Plan your trade, trade your plan”

Again, these are just some short pointers, written quickly after today’s session in hopes of helping you when you face a similar situation.
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How I like to Use Bollinger Bands and Parabolics for Trade Exits
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December Crude Oil

December crude oil activated downside PriceCount objectives off the June high. The first count projects a possible slide to the $53 area which would require making a new contract low first. A trade below the early May reactionary low would formally negate the remaining unmet counts to the topside.

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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 Oct. 17th, 2025
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Economic Reports

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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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Price Extremes: Gold, Silver, Crude Oil; December KC Wheat, Levels, Reports; Your 4 Important Must-Knows for Trading Futures on October 16th, 2025

Posted on by Cannon Operations
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Price Extremes

By Mark O’Brien, Senior Broker

price

General:

Day 15 of the U.S Government shutdown.

Stock Index Futures:

Dec. stock index futures returned to solid gains late today as markets remained alert over US-China trade tensions and amid hopes for interest rate cuts and strong quarterly earnings results from Wall Street banks. Traders have cemented bets on a rate cut later this month, and odds of a rate cut in December have jumped in recent days to around 96% according to the CME Group FedWatch tool:

Prices Metals:

It’s the broken record metals report. Dec. gold futures rose to new all-time highs today – its 47th new record of the year – trading up to $4,235.80/ounce intraday.

Alongside gold, Dec. silver rocketed up nearly $2.00/oz. today to set its own all-time record high, trading intraday up to $52.55/ounce. This after yesterday when the contract took out a 45-year-old record closing price of $48.70/ounce, during the time when the Hunt brothers tried to corner the market.

Prices Energies:

November crude oil futures have remained on their lows this week – with a new multi-month intraday low of $58.20/barrel on continued concerns about oversupply and the possible impact on demand of rekindled U.S.-China trade tensions – its fourth day in a row closing below $60/barrel.

Livestock:

Dec. live cattle and Jan. feeder cattle both closed little changed today and within pennies of their own all-time record high closing prices at the close of trading yesterday. Tight supplies and strong feeder markets pushed cash cattle higher and the futures markets followed suit. The supply of cattle has lingered at a near 75-year low, with the closure of the US-Mexico border to Mexican cattle imports further constraining an already tight supply.

December KC Wheat
December KC wheat satisfied its third downside PriceCount objective and reacted with a key reversal higher. It would be normal to get a mean reversion from this level in the form of a consolidation or corrective phase, at least. If the chart can sustain further weakness, we are left with the low percentage fourth count to aim for in the $4.37 area. That we trade down to this level is a realistic target although we have traded that low just 5 years ago.
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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 Oct. 16th, 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

 U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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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Day Trading Week! Fed Speakers, December Hogs, Swing Trading, Levels, Reports; Your 6 Important Need-To-Knows for Trading Futures the Week of October 13th, 2025

Posted on by Cannon Operations
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Cannon Futures Weekly Letter

In Today’s Issue #1262

  • The Week Ahead – Fed Speakers Galore…

  • Futures 101 – Podcast: Insight into Day Trading Futures

  • Hot Market of the Week – Dec. Hogs

  • Broker’s Trading System of the Week – Mini SP Swing Trading System 

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

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

day trading

Traders, much like the Federal Reserve Board, are dependent on data that, during a government shutdown is barely existent. 17 Fed speakers!  The markets are sure to move then, but wait, that’s not all, Fed Chair Powell on Economic Outlook and Monetary Policy.

As for earnings reports? Q3 begins next week!  Major Banks report first. (see Below)

The on again off again nature of Tariff news has created golden opportunities for breakouts in some markets, rangebound trades in others.  The gold market exploded out of its range I have been writing about for months.  Watch Crude oil to see if it stays in its $60.00-$65.00 range and the Dollar index too! The longer the range trade the harder and faster the breakout typically is.

Continued volatility to come as next week all markets will be reacting to whatever comes out of U.S. Govt leadership relating to conflicts cessation and trade deals, China, India, Canada and Russia (looks like the EU is following Trump on this one) The Crude Oil market certainly believes so.. Also, remember that Mexico’s extension will end October 29.

We’ll see you next week! Please enjoy a safe and memorable weekend.

 Earnings Next Week:

  • Mon. Quiet
  • Tue. JPM , JNJ, WFG, GS, BLK, C
  • Wed.  BAC, MS, ABT,
  • Thu. SCHW, BK, USB
  • Fri.   AXP,

FED SPEECHES: (all times CDT)

  • Mon.  Paulson 11:55 am,
  • Tues.  Bowman 7:45, Fed Chair Powell 11:20am, Waller 2:25, Collins 2:30
  • Wed.   Bostic 11:10, Miran 11:30, Waller Noon,
  • Thu.     Barkin 7:00am, Barr, Miran, Waller all 8:00am, Bowman 9:00am , Barkin 10:45am, Miran 3:15pm, Kashkari, 5:00pm
  • Fri.      Musalem 11:15

Economic Data week: 

  • Mon.  with the government shutdown, data will be suspended.
Join us for an exclusive webinar on “Futures Spread Trading,” where you’ll discover the powerful strategies professional traders use to capitalize on market opportunities while managing risk. Whether you’re a seasoned investor or just starting out, this session will break down the essentials of spread trading, uncover actionable techniques, and show you how to navigate the futures market with confidence. Don’t miss this chance to learn from industry experts and take your trading skills to the next level—reserve your spot today!
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Day Trading Futures
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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

Dec. Hogs

The rally in December hogs stalled out last month and now the chart has activated downside PriceCounts on the correction lower. The first count projects a possible slide to the 81.11 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

ALGOsigmaX E-mini S&P ES

Markets Traded:   Mini SP500 ES/EP

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $50,000

Developer Fee per contract: $205 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.

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real-time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.

IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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Daily Levels for Oct 13th, 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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GDP: What It Is and What to Look for in the Upcoming Report; December Corn, Levels, Reports – The Important Facts to Keep in Mind When Trading Futures on September 25th, 2025

Posted on by Cannon Operations
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GDP Explained

By Mark O’Brien, Senior Broker

  • Upcoming GDP Report: The Commerce Department’s Bureau of Economic Analysis will release the final report on U.S. GDP for Q2 (April–June) at 7:30 A.M. Central Time.

  • Previous Estimates: The first estimate showed 3.0% growth; the revised figure was 3.3%. Tomorrow’s release will be the final revision.

  • Quarterly Comparison: In Q1, real GDP decreased by 0.5%, making Q2’s growth a significant rebound.

  • GDP Definition & Components: GDP measures total economic output, calculated from four main components: consumer spending, business investment, government spending, and net exports.

  • Uses of GDP: Serves as an economic barometer for policy decisions, guides business and investment strategies, and enables international economic comparisons.
gdp

Keep an eye out for the last look at U.S. GDP (Gross Domestic Product) for the second quarter of this year: April – June. At 7:30 A.M., Central Time the Commerce Department’s U.S. Bureau of Economic Analysis will release its final report. The first, advanced look at the second quarter showed real GDP increased at an annual rate of 3.0 percent.

The bureau then released a revised, coincident figure of 3.3%. Tomorrow’s report will be the final revision, based on data gathered lately. In the first quarter, real GDP decreased 0.5 percent.

GDP

is a comprehensive measure of a nation’s economic output, indicating the total value of goods and services produced. It’s calculated by adding up the value of four main components:

Consumer Spending (Personal Consumption): Purchases of goods and services by households.

Business Investment: Spending by businesses on capital goods, like machinery and buildings.

Government Spending: Purchases of goods and services by the government at all levels.

Net Exports: The total value of exports minus the value of imports.

How GDP is Used

Economic Barometer: Governments and policymakers use GDP data to track the economy’s performance and inform decisions on fiscal and monetary policies.

Business and Investment Decisions: Investors and businesses closely monitor GDP growth to identify opportunities for investment and growth.

International Comparisons: GDP allows for the comparison of the relative size and strength of different economies worldwide.
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December 25/26 Corn Spread

The Dec – Dec corn spread is trending higher and approaching a second upside PriceCount objective to the -34.75 area. It would be normal to get a near term reaction in the form of a consolidation or corrective trade from that level. IF the chart can sustain further strength, the third count would project a possible run to the -27.25 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 Sept. 25th, 2025
6d974503 683d 45dd ac6e 0a07466a1a22

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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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.