Post FOMC Life, July Bean Oil, Metals, Energies

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Post FOMC

fomc

Post FOMC

by Mark O’Brien, Senior Broker

General:

The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged as policymakers continue to monitor inflation and the labor market amid elevated levels of economic uncertainty.

“Uncertainty about the economic outlook has increased further,” the Fed indicated in its FOMC Statement. “The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen.”

The central bank’s decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%.

It comes after the Fed left rates at that level at its two previous meetings in January and March, which followed three consecutive rate cuts at its preceding meetings – which involved a 50-basis-point cut in September and a pair of 25-basis-point reductions in November and December.

Metals:  

June gold futures ended April closing nine days with a >$100 per ounce price range, a $10,000 per contract move between its daily high and low trades. Five trading days into May and we’ve already seen two more, with a couple of >$80 ranges thrown in.

Energies:

June crude oil traded intraday Monday – on the Sunday opening – to $55.30/barrel and closed at the lowest in four years ($57.13 a barrel back in February 2021), after OPEC+ agreed to hike production for a second month. The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes one month after OPEC+ surprised the market by agreeing to boost production in May by the same amount.

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July Bean Oil

July bean oil broke out into a new high last month but was unable to sustain the move and now the chart has activated downside PriceCounts on the correction lower. The first count projects a possible slide to the 46.44 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for May 8th, 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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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 Margins, June Mexican Peso; 7 Key Insights for Smarter Futures Trading Amid Strong Market Swings

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Day Trading Margins; June Mexican Peso

day trading margins

Day Trading Margins

In recent weeks on various days, market volatility and the commensurate risks of trading have soared. Daily price ranges for assets like the major stock index futures (S&P 500, Nasdaq 100, Dow Jones, Russell 2000), gold, crude oil, the U.S. Dollar Index & foreign currency futures have awed market participants.

For example, June gold futures closed on nine days this month with a >$100 per ounce price range, a $10,000 per contract move between its daily high and low trades. Even less-reported markets like cattle, cocoa and coffee have made major daily price moves, often in multiday streaks.

As a result, the major exchanges where these market trade, i.e., CME Group and ICE, have increased the day trading margin requirements for many of the futures contracts exhibiting these outsize moves. As well, clearing firms have followed with increases in the margins required to trade these futures contracts intraday. These are their day trading margins.

It is obviously important for traders to know the risks involved in trading and that includes knowing the day trading margin requirements for the futures contracts you’re trading. The exchanges’ margin requirements are applied to all futures contracts uniformly for trades held overnight or longer. 

On the other hand, day trading margins can differ among clearing firms. Also, some days clearing firms will set day trading margins differently at different times of the day. For example, day trading margins may be set higher during the nighttime hours of the day and reduce them during daytime hours.

Moreover, clearing firms determine day trading margins in different ways. Some set a “flat rate” for day trading margins, others calculate it as a percentage of the exchanges’ margin requirements.

Before you enter any futures position, plan your trade, including check know the margin requirement and day trading margin requirement of the futures you’re about to trade. Definitely get in touch with your Cannon broker for any assistance with these.

Day Trading Margins

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June Mexican Peso

The June Mexican Peso completed its first upside PriceCount objective and has turned sideways in a consolidation trade. From here, if the chart can sustain further strength into new highs, the second count would project a possible run to the 52.47 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for May 1st, 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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2 Important Updates: Bear Market Rally, June Canadian Dollar

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Bear Market Rally?

June Canadian Dollar updates

bear market

A week of impactful earnings reports (2242 globally) as the Bear market rally continues,

by John Thorpe, Senior Broker

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.

Bear Market

Market volatility is here to stay for the foreseeable future

Choose your opportunities wisely in this Bear Market.

Economists are expecting the first look at US 1Q 2025 GDP to show the economy grew +0.4% on quarter over quarter terms. The advanced 1Q 2025 chain weighted price index is expected up +3.0% and compares with the 4Q 2024 at +2.3%. The data will be released at 7:30 am CT Wednesday morning.

Bear Market Updates

Mini Dow’s range today? 482 points $value? = $2410.00 from hi to lo

Mini S & P’s range today? 75.75 points $ Value? = $3787.50 from hi to lo

Mini Nasdaq’s range today? 310.50 points $value? = $6210.00 from hi to lo

Tomorrow – Last trading Day of the month! President Trump may be speaking during market hours:

Econ Data:  Core PCE, ADP, GDP first look Q1, Chicago PMI , Pending home sales, EIA Energy stocks.

FED Speak: Blackout period

Earnings: Microsoft, Meta, Qualcomm, Caterpillar

Tariff news: Anything goes!

That’s a Bear Market for you!

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June Canadian Dollar

The June CAD established a bottom in February and recently activated upside PriceCounts off the lows. The chart is now taking aim at its first upside target in the .7320 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 30th, 2025

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

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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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0DTE: 5 Reasons Traders Are Embracing 0DTE Options

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Get to know zero days to expiration options (0DTE)

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With recent volatility we have heard a lot of the following:

“The market moves so fast and so wild I am getting stopped out left and right….”

0DTE

Maybe it’s time to consider 0DTE options? Same day options?

A 0DTE is an option that no longer trades after the conclusion of the current trading day.

When an option reaches this stage, there’s not much more time left to act on the right to buy or sell the underlying asset.  The window is small, and the move that the trader is anticipating needs to happen fast.

For some traders, the last day before expiry is the best moment to invest in options. Traders like 0DTE options because they allow an opportunity to capitalize on positions quickly and tie up capital for short periods.

Entering and exiting trades on the same day also eliminates the risk of the price moving overnight while the trader is asleep and not in front of the computer screen.

Growth in zero day to expiration options (0DTE) has been impressive with year-to-date (2024) 0DTE E-mini options’ average daily volume up 25% compared to the year prior.

Perhaps more importantly, volumes across all expirations continue to grow dramatically in addition to 0DTE expirations.

CME Group Option Days to Expiration Volumes  (0DTE)

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If you are using the StoneX platform, bookmark this page and get daily updates on the current margin rates for day trading. As always feel free to reach out to your broker directly.

https://www.cannontrading.com/tools/support-resistance-levels/margins/

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June Natural Gas

June natural gas resumed its break into new lows. This has the chart taking aim at its second downside PriceCount objective near 3.00. It would be normal to see a near term reaction from this level in the form of a consolidation or corrective trade.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for April 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.

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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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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Cattle! 5 Powerful Signals That Cattle Prices Are Breaking Records – Are You Positioned Right?

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Cattle! Gold! Your Summer of ‘25 burgers will be the most expensive in your lifetime!

Cattle

By John Thorpe, Senior Broker

Buckle your seatbelts, Huge Rally in equities and Commodities on the move.

Your Summer of ‘25 burgers will be the most expensive in your lifetime!

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

Choose your opportunities wisely.

Have you looked at the Cattle market lately? All time high prices?

I bet you have checked the recent price of your favorite cut of beef at the local Piggly Wiggly.

The Live cattle futures and Feeder cattle futures contracts are at all-time highs. The biggest supporting data, you ask? The US Cattle herd is the smallest it has been in over 65 years.

Think about that for a minute. The US Population in 1960 was a mere 179,323,000 souls. In 2025? Estimates are near the 341,662,000 mark. I doubt the 162,339 000 Americans that represent this population growth can’t all be Vegan! Low supply meets big demand until……

The overnight initial margin req. for 1 Live Cattle contract (40,000 lbs) is 3025.00 and for the Feeder cattle, 4537.00. Please call for more details.

Mini Dow’s range today? 1203 points $value? = $6015.00 from hi to lo

Mini S & P’s range today? 167.50 points $ Value? = $8375.00 from hi to lo

Mini Nasdaq’s range today? 650.25 points $value? = $13005.00 from hi to lo

How gold is your portfolio?

All time highs in the yellow metal today. 3509.9 per troy ounce currently trading @ 3366.00 +/- over $144.00 per oz. what a correction for this over bought market as it reacted to the recovery in the equities. We offer all exchange traded contract sizes, from 1 oz to 100 ounces.

Tomorrow:

Econ Data:  New Home Sales, Beige Book, EIA Energy stocks.

FED Speak: Musalem and Waller @ 8:35am CDT

Earnings: IBM, AT&T, Phillip Morris

Tariff news: Anything goes!

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Daily Levels for April 23rd, 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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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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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

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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Confident Outlook for First Notice & Last Trading Days: 2 Strategic Exit Dates and a Bullish Setup for Treasury Traders

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First Notice & Last Trading Day

first notice

Below are the contracts which are entering

First Notice / Last Trading

 For April.

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

First Notice & Last Trading Day

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Try MICRO Grains, grain futures and many other futures with our REALTIME state of the art FREE platform! 

FREE DEMO HERE

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That’s all for

First Notice & Last Trading

Days

June 10 Year Treasury Notes

June 10 year treasury notes satisfied a first upside PriceCount objective last month and spent time consolidating with a sideways trade. Now, the chart is attempting to resume its rally where new sustained highs would project a possible run to the second count in the 113^26 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.

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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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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.

Follow us on all socials: @cannontrading

Futures Class 3 Milk Futures

7 Shocking Pitfalls of Ignoring Class 3 Milk Futures in Your Trading Strategy

In the dynamic and multifaceted world of commodities trading, class 3 milk futures stand out as a unique and critical financial instrument. Designed primarily for dairy producers, processors, and traders, these futures contracts are integral to hedging against price volatility in the dairy market. As the global dairy industry evolves with increasing complexity, understanding the nuances of class 3 milk futures becomes imperative for traders, commodity brokers, and institutional investors. This paper explores the foundational aspects of class 3 milk futures, distinguishes them from other dairy-related futures, provides projections for the next three trimesters of 2025, and examines why Cannon Trading Company and its state-of-the-art platform, CannonX, are leading choices for futures trading.

What are Class 3 Milk Futures?

Class 3 milk futures are standardized financial contracts traded on the Chicago Mercantile Exchange (CME) that represent 200,000 pounds of milk, priced per hundredweight (cwt). These contracts are primarily utilized to hedge and speculate on the price movements of milk used in the production of cheese, which is why they are directly influenced by the supply and demand for cheese in the United States.

Milk is categorized into different classes based on its end-use. Class 3 milk pertains specifically to milk used in the manufacturing of hard cheeses such as cheddar. The price of class 3 milk is influenced by several factors including cheese prices, butterfat content, and protein values. Traders engaging in class 3 milk futures are essentially betting on the fluctuations of these key components within the dairy market.

The Relevance of “Class 3” in Futures Contracts

The term “class 3” in futures contracts denotes the categorization established by the U.S. Department of Agriculture (USDA) under the Federal Milk Marketing Orders (FMMO). Milk is classified into four main categories:

  • Class 1: Milk used for fluid consumption.
  • Class 2: Milk used for soft products like yogurt and cottage cheese.
  • Class 3: Milk used for hard cheeses.
  • Class 4: Milk used for butter and dry milk products.

Class 3 milk is particularly volatile due to the fluctuating demand and supply conditions in the cheese market. The futures contracts based on this class enable participants to manage risk associated with such volatility effectively.

Differentiation from Other Dairy Futures Contracts

Class 3 milk futures differ from other dairy futures contracts such as class 4 milk futures, nonfat dry milk futures, and butter futures in several key ways:

  • Underlying Commodity: Class 3 futures are based on milk used specifically for cheese production, whereas class 4 milk futures pertain to butter and nonfat dry milk.
  • Volatility: Due to the perishable nature of cheese and its demand dynamics, class 3 milk futures are generally more volatile, attracting speculators looking for short-term gains as well as hedgers needing robust risk management.
  • Pricing Mechanism: Class 3 milk prices are calculated using the cheese, dry whey, and butterfat prices published by the USDA. This differs from the pricing mechanisms used in class 4 and other dairy futures.
  • Market Participants: Class 3 milk futures attract a unique set of market players, including cheese manufacturers, large-scale dairy farms, institutional commodity brokers, and even speculative traders focusing on agriculture.

Historical Trends in Class 3 Milk Futures

Historically, class 3 milk futures have demonstrated notable price swings tied closely to macroeconomic indicators and agricultural policies. Over the past decade, prices have fluctuated between lows of around $12/cwt to highs exceeding $24/cwt. This variability often correlates with shifts in feed costs, weather patterns, and international dairy demand.

The COVID-19 pandemic further exposed the volatility inherent in dairy markets. Disruptions in supply chains, changes in consumer behavior, and export inconsistencies led to sharp price adjustments. These historical lessons underscore the critical role class 3 milk futures play in providing price certainty and risk mitigation in commodities trading.

Global Influence on Class 3 Milk Futures

The global market exerts considerable influence on class 3 milk futures. Key international developments—such as EU dairy subsidies, New Zealand milk production, and Chinese import policies—can ripple through U.S. markets.

  • Export Demand: Nations such as Mexico, China, and South Korea are among the largest importers of U.S. dairy. Rising global cheese consumption can increase demand for class 3 milk, pushing futures prices upward.
  • Geopolitical Events: Trade agreements and sanctions impact dairy exports and influence price dynamics. The U.S.-Mexico-Canada Agreement (USMCA) continues to affect milk futures through tariff structures and import quotas.
  • Climate Change: Extreme weather events across the globe affect feed availability and animal health, influencing production costs and, consequently, class 3 milk futures prices.

Risk Management with Class 3 Milk Futures

Managing risk is essential in futures trading, and class 3 milk futures offer an efficient tool for this purpose. Dairy producers use these contracts to lock in prices, securing future revenue and planning capital expenditures more accurately. Processors and distributors also hedge to stabilize their input costs.

Strategies commonly employed include:

  • Hedging through Direct Contracts: Locking in sales or purchase prices for future milk deliveries.
  • Options on Futures: These provide flexibility and are used to protect against downside risk while preserving upside potential.
  • Spread Trading: Traders take advantage of price differences between months or related commodities to mitigate risk.

These strategies allow participants to insulate themselves from adverse price movements, turning volatility into opportunity.

Forecasting Class 3 Milk Futures for 2025

First Trimester (January to April 2025)

Seasonal trends suggest an increase in class 3 milk futures prices during the early months of the year due to winter production slowdowns and elevated holiday cheese demand. Weather conditions affecting feed quality may also contribute to reduced milk output, tightening supply.

Second Trimester (May to August 2025)

Spring flush traditionally brings increased milk production, which could result in lower class 3 prices. However, if export demand for cheese rises, it may mitigate some downward pressure. Futures traders should monitor USDA reports and global cheese market dynamics during this period.

Third Trimester (September to December 2025)

The lead-up to the holiday season often sees increased cheese demand, leading to higher class 3 milk prices. In 2025, with anticipated growth in foodservice and retail sectors, this trend may be more pronounced, presenting a bullish outlook for class 3 milk futures contracts.

Cannon Trading Company and CannonX: Leaders in Futures Trading

Cannon Trading Company has cemented its reputation as a premier commodity broker through decades of exemplary service, advanced technology, and a client-first approach. Particularly for those involved in trading futures like class 3 milk futures, CannonX—the firm’s proprietary platform—offers unmatched capabilities.

  • Experienced Brokers: One of the most distinguishing features of Cannon Trading is the accessibility of seasoned brokers with decades of experience. Clients speak directly to knowledgeable professionals—there is no automated answering service acting as a barrier. This personalized touch ensures informed decision-making in real time.
  • Top-Rated Service: With numerous 5 out of 5-star TrustPilot rankings, Cannon Trading Company has proven its commitment to customer satisfaction. Clients consistently praise its transparency, educational resources, and trading support.
  • Best Trading Platform Futures: CannonX ranks among the best trading platform futures options on the market. With its intuitive interface, real-time analytics, and broad asset class integration, it supports all kinds of futures contracts, including class 3 milk futures.
  • Free Top-Performing Platforms: Traders gain access to a wide selection of FREE, top-performing trading platforms tailored to various strategies and preferences. Whether you’re interested in mobile trading, algorithmic strategies, or manual order entry, Cannon has a solution.
  • Industry Trust and Compliance: Cannon Trading Company maintains an exemplary reputation with industry regulators, underscoring its integrity and commitment to ethical commodity trading practices.
  • Commodities Trading Education: Cannon provides a rich library of resources—from webinars to tutorials—that equip clients with the tools needed for successful commodities trading. These materials cover everything from class 3 milk futures to broader futures trading methodologies.
  • Scalable Solutions for All Traders: Whether you’re a retail trader new to trading futures or a seasoned commodity broker managing institutional accounts, Cannon Trading Company offers flexible solutions that scale with your needs.

As the commodities trading landscape continues to evolve, class 3 milk futures remain a vital tool for hedging and speculation in the dairy sector. Understanding their unique attributes, market dynamics, and forecasted trends for 2025 is crucial for effective trading. Cannon Trading Company, with its robust platform CannonX, emerges as a superior choice for both novice and seasoned traders. From expert brokers just a call away to unparalleled customer satisfaction and regulatory trust, Cannon sets the benchmark in futures trading.

In an increasingly complex market, success in commodities trading depends not only on knowledge and timing but also on the right platform and support system. For anyone looking to succeed in class 3 milk futures, Cannon Trading Company offers not just a trading platform, but a strategic partnership.

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.

Follow us on all socials: @cannontrading(Instagram) 

@cannontrading(X)

Cannon Trading on Facebook

E-Futures on Facebook

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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