NFP Friday amidst Volatility PLUS: Bloomberg Commodity Index, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on Friday, March 6th, 2026

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NFP Tomorrow

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4971.27 5029.03 5116.67 5174.43 5262.07

Silver (SI)

— Mar. (#SI)

77.70 80.01 82.88 85.20 88.07

Crude Oil (CL)

— April. (#CL)

71.81 75.84 79.00 83.03 86.19

 Mar. Bonds (ZB)

— Mar. (#ZB)

115 21/32 116  1/32 116  14/32 116 26/32 117 7/32

NFP Tomorrow amidst Volatility

nfp

Volatility across major commodity futures remains elevated as the situation in the Middle East continues to expand into a broader international crisis.

NFP

Up next, the Labor Department releases its monthly Non‑Farm Payrolls (NFP) report tomorrow at 7:30 A.M. Central Time—one of the most impactful economic releases for U.S. markets. Historically, this report can trigger sharp and fast price swings across equity, interest rate, energy, and metals futures.

What to do with upcoming NFP

Based on past experience (and these are strictly my personal opinions), here are a few reminders that may help you navigate the volatility:

Trading Considerations Ahead of Non Farm Payrolls (NFP)

  1. Reduce trading size. Volatility can amplify both gains and losses.
  2. Be highly selective. No trade is better than a forced or low‑quality setup.
  3. Choose entries wisely.
  4. Use longer‑timeframe support/resistance to guide entries.
  5. Consider “stretching the price bands” during high volatility.
  6. Example: If a trader planned to go long the mini S&P at 6825.00 with a stop at 6815.00, in a volatile environment they might instead look for an entry around 6810.00 with a stop placed slightly below—adjusted for volatility and key levels.
  7. Expect fast, erratic movement during and immediately after the announcement.
  8. Watch for low‑liquidity “vacuum behavior” (wide zig‑zags, thin volume) right before the number.
  9. Use automated brackets (stops and limits attached to your entry) as markets can accelerate quickly.
  10. Know the expectations and compare the actual number to the forecast—then observe the market’s reaction rather than guessing.
  11. Stay patient and disciplined. High‑impact releases reward preparation, not prediction.
  12. If in doubt, stay out. Preserving capital is also a trading decision.

NFP: Plan your Trade and Trade your Plan

Cannon Edge for March 6th

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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

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Bloomberg Commodity Index

The Bloomberg Commodity Index is a weighted index of commodities from the grains, meats, energies, metals, and the softs sectors. The weekly chart broke out of tis extended range this fall and more recently corrected after satisfying the second upside PriceCount objective.

If the chart can break out and sustain new highs, the third count would project a move of about another 6% that would be consistent with a challenge of the 2022 high which represented peak inflation.

The run has been led by meats and metals, but now energies have joined the party and to a lesser extent, the grains. The low percentage fourth objective, not shown here for presentation purposes, is 176.

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 6th 2026

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Economic Reports

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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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NFP; War & Unemployment PLUS: CannonEdge Snapshot, May Dollar Index, Levels, Reports; Your 5 Can’t-Miss Need-To-Knows for Trading Futures on March 5th, 2026

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War & Unemployment; NFP hits Friday

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

5029.50 5091.70 5155.00 5217.20 5280.50

Silver (SI)

— Mar. (#SI)

78.83 81.25 84.16 86.58 89.49

Crude Oil (CL)

— April. (#CL)

71.53 73.72 75.48 77.67 79.43

 Mar. Bonds (ZB)

— Mar. (#ZB)

116 6/32 116 17/32 117 117 11/32 117 26/32

Non-Farm Payrolls (NFP); Unemployment FYIs

nfp

Volatility in major commodity futures remained high as the crisis in the Mideast expanded into a wider international crisis today after NATO air defenses shot down an Iranian ballistic missile headed toward Turkey, the United States sank an Iranian navy ship in international waters, and several European nations deployed military assets to the region to protect their interests.

Stock index futures advanced today with the E-mini Nasdaq leading the way as U.S. futures markets appeared to set aside some of their fears over the Middle East conflict.

This week’s run-up in crude oil futures oil prices paused, with West Texas Intermediate turning slightly higher and stabilized around $75 a barrel in afternoon trading.

More General:

Private sector hiring was a bit better than expected in February. The payrolls processing firm ADP reported today that companies added a seasonally adjusted 63,000 workers during the month, an improvement from the downwardly revised 11,000 in January and better than the consensus estimate for 48,000.

The issue of breadth continued to be a problem for the labor market.

  1.        Education and health services added 58,000 jobs for the month, easily leading all sectors.

  2.        In second place, construction contributed 19,000.

  3.        Professional and business services saw a decline of 30,000 positions.

  4.        Manufacturing lost 5,000, continuing a months-long decline.

  5.        Trade, transportation and utilities were off 1,000.

  6.        Other than a gain of 11,000 in information services, there was little movement elsewhere.

In short, two industries offset stagnant growth across most other sectors.

Up next, the Labor Dept. releases its monthly non-farm payrolls report this Friday.

It’s widely considered to be one of the most important and influential measures of the U.S. economy. The report is released at 7:30 A.M., Central Time.

Cannon Edge for March 5th

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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

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March Dollar Index

The March US Dollar Index has broken out above the February highs and activated upside PriceCount objectives while also negating the remaining unmet downside counts. The chart is completing its first objective to the 99.67 area. From here, the rally will have to contend with the fall highs but further strength would project a possible run to the second count in the 101.20 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 5th, 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.

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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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Iran & The Markets PLUS: March Dollar Index, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on March 4th, 2026

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Iran & The Markets

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4780.13 4944.47 5169.33 5333.67 5558.53

Silver (SI)

— Mar. (#SI)

70.59 76.66 84.13 90.20 97.68

Crude Oil (CL)

— April. (#CL)

66.59 70.33 74.16 77.90 81.73

 Mar. Bonds (ZB)

— Mar. (#ZB)

116 116 20/32 117 4/32 117 24/32 118 8/32

Equities get legs on back-to-back days.

iran

After a strong case that can be made for the S&P index completing the Elliot Wave 5th wave that began in November, the 6750 .00 price level has, so far, proven to be resilient. In the face of global uncertainty, it seems inertia has levitated the index just when it looked like the price was going to breakdown and violate the 200 day moving average on a closing basis in the mid 6700’s.

On each of the past two days, the index has rallied off it’s early session lows, flirting with the MA.

Crude Oil and energy by-products on a run to the upside

As of March 3, 2026,

The Strait of Hormuz is currently in a state of de facto closure. While it remains technically and legally open as an international waterway, it is effectively impassable for most commercial shipping due to extreme security risks and the withdrawal of insurance coverage.

On Truth Social, Pres. Trump recently addressed this “If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible.

No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come,” in a retort to the IRGC threatening to attack any ship in the strait, hours before.

Current Status & Conflicting Claims

  • Iran’s Position: Senior officials from Iran’s Islamic Revolutionary Guard Corps (IRGC) officially declared the strait “closed” on March 2, 2026. They have issued radio warnings stating they will “set ablaze” any ship attempting to cross.
  • U.S. Position: U.S. Central Command (CENTCOM) continues to maintain that the strait is not closed and remains a protected international waterway.
  • Operational Reality: Despite the legal dispute, maritime traffic has slowed to a crawl. Major shipping firms like Hapag-Lloyd, CMA CGM, and MSC have suspended all transits through the region to protect their crews and vessels.

Key Factors Driving the Disruption

  • Insurance Withdrawal: Most maritime insurers have withdrawn war-risk coverage for the Persian Gulf, making it economically unviable for ship owners to enter the area.
  • Physical Attacks: Several tankers have reportedly been struck or damaged by Iranian fire and drone attacks over the past few days, leading to a “critical” risk assessment for the region.
  • Global Impact: Approximately 20% of global oil and gas supply passes through this chokepoint. The current disruption has caused a sharp spike in energy prices, with Brent crude opening significantly higher this week.
  • Diplomatic Pressure: China, the largest importer of oil passing through the strait, is reportedly pressuring Iran to keep the waterway open to safeguard its energy security.

Response:

OPEC’s main response so far has been to signal a modest production increase while publicly downplaying panic about supply, even as members leave room to adjust if the crisis worsens.

Production decisions

  • OPEC+ has agreed to boost output quotas by about 206,000 barrels per day starting in April, a slightly larger hike than the earlier plan of roughly 137,000 bpd.
  • The group frames this as a continuation of its gradual unwinding of past cuts, not an emergency surge, and says it retains “flexibility” to change the pace depending on market conditions.

Official messaging

  • In public statements and leaks via delegates, OPEC+ cites a “steady” global economic outlook and “healthy” market fundamentals, avoiding direct reference to the Iran war even though the timing is clearly linked.
  • Key Gulf producers have warned privately that military action against Iran could push prices above 100 dollars, signaling to Washington and others that the conflict poses serious risks despite the small quota hike.

Constraints and limits

  • Analysts note that only a few members (mainly Saudi Arabia and the UAE) hold significant spare capacity, so any OPEC+ increase beyond a couple of hundred thousand bpd would be hard to deliver in practice.
  • Several experts argue the announced 206,000 bpd increase cannot fully offset a prolonged disruption through the Strait of Hormuz, since the main bottleneck is now logistics and transit risk rather than wellhead production.

Practical behavior by key members

  • Saudi Arabia, Iraq, Kuwait, and the UAE had already been nudging exports higher in the run‑up to and immediately after the strikes, anticipating tighter balances and higher prices.
  • Russia and other members in the voluntary “V8” subgroup joined the announced adjustment, signaling a coordinated move to show responsiveness without flooding the market.​

Plan your trades and trade your plans

Cannon Edge for March 4th

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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

March Dollar Index

The March US Dollar Index has broken out above the February highs and activated upside PriceCount objectives while also negating the remaining unmet downside counts. The chart is completing its first objective to the 99.67 area. From here, the rally will have to contend with the fall highs but further strength would project a possible run to the second count in the 101.20 area.

FREE TRIAL AVAILABLE

5650b3db cd9a 4ed4 8782 bf81d1188dfa

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 4th, 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.

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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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Geopolitical Volatility dominating the markets PLUS: April Heating Oil, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on March 3rd, 2026

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Volatility Roars Back up!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

5189.77 5267.83 5350.97 5429.03 5512.17

Silver (SI)

— Mar. (#SI)

80.83 85.51 91.41 96.09 101.98

Crude Oil (CL)

— April. (#CL)

65.91 68.76 72.04 74.89 78.17

 Mar. Bonds (ZB)

— Mar. (#ZB)

116 116 23/32 117 31/32 118 22/32 119 30/32

Volatility: Geopolitical risk is the dominant driver

volatility

Escalating conflict between the U.S./Israel and Iran has already pushed equity futures lower and lifted crude oil. Reports indicate coordinated strikes, Iranian retaliation, and potential disruption in the Strait of Hormuz, which handles roughly 20% of global oil and 23% of global LNG flows. Brent crude has already jumped, and analysts warn that sustained disruption could push prices toward $90–$100.

What this means for traders:

  • Expect elevated volatility in CL, RB, NG, and energy-linked equities.

  • Watch for gap risk in overnight sessions.

  • Safe‑haven flows may support GC and DX.

 Equity index futures are under pressure

S&P 500, Dow, and Nasdaq futures all opened the week lower, with the Dow down over 1% and Nasdaq nearly 0.92% in early trading. Tech remains a focal point as Nvidia and other mega‑caps show weakness after a strong run.

Key volatility catalysts tomorrow:

  • Broadcom (AVGO) earnings

  • Apple product announcements

  • Ongoing tech rotation and volatility

  • Market reaction to geopolitical headlines

 Macro data: NFP week sets the tone

Friday’s Non‑Farm Payrolls report is the week’s anchor, especially after January’s surprise 130K print. Markets may trade cautiously ahead of the release, with rate‑cut expectations shifting intraday based on data and Fed commentary.

Implications:

  • ES and NQ may see two‑way volatility.

  • Bond futures (ZN, ZB) could experience sharp repricing.

  • Dollar Index (DX) may firm as traders reduce short exposure.

 COT positioning shows divergence across commodities

The latest CFTC Commitment of Traders report highlights a split in sentiment:

  • Silver: Large speculators have cut net‑long exposure to a near two‑year low, stepping away from the rally rather than chasing it .

  • WTI Crude: Net‑long exposure among large specs is at an eight‑month high, reinforcing bullish bias in crude futures .

  • Gold: Positioning remains steady, suggesting no aggressive directional conviction yet .

Trading takeaway:

Expect metals to trade more on macro/geopolitical headlines, while crude may see trend continuation if supply fears escalate.

Volatility: What traders should focus on tomorrow

  • Overnight geopolitical headlines — these will dictate the tone at the open.
  • Energy markets — crude volatility likely remains elevated – watch for news flash RE the Straits of Hurmuz.
  • Tech earnings and rotation — AVGO, NVDA, AAPL influence NQ heavily.
  • Rate expectations — any data surprise can move ZN/ZB and spill into ES.
  • Positioning extremes — especially in silver and crude.
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Cannon Edge — Your Daily Futures Snapshot for 03.03.2026 Below

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Cannon Edge — Your Daily Futures Snapshot

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
  • Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed —

Cannon Edge puts the data in your hands before the open.

April Heating Oil

April Heating Oil gapped into a new contract high. The rally is approaching its fourth upside PriceCount objective to the 3.10 area which should be enough to satisfy this phase of the bull market.

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 3rd, 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

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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.

Join our Private Facebook group

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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FOMC Not Looking Good for Powell PLUS: Currencies, March – May Meal Spread, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on January 28th, 2026

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FOMC Tomorrow

Chairman Powell is not the only one under pressure

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Feb(#GC)

4938.13 5054.47 5120.83 5237.17 5303.53

Silver (SI)

— Mar. (#SI)

98.80 105.34 109.45 115.99 120.10

Crude Oil (CL)

— Feb (#CL)

59.28 60.90 61.77 63.39 64.26

 Mar. Bonds (ZB)

— Mar (#ZB)

114 28/32 115 4/32 115 15/32 115 23/32 116 2/32

Chairman Powell is not the only one under pressure – FOMC Tomorrow

fomc

The US Dollar is under pressure due to fading interest rate support. Geopolitical risks rising.

Markets expect the federal reserve to continue, or at a minimum, be in a cut cycle. Tomorrow’s Interest Rate decision is expected to be a no cut event for this meeting (according to the CME Fed watch tool).\

FOMC

The language of the meeting and the presser to follow is EXPECTED to tell the tale of continued, future reductions…if the language doesn’t echo expectations? Watch out.

Currency – Dollar, Euro, Yen

By cutting rates, models tie currency value to interest-rate differentials pointing to a weaker U.S. Dollar versus the Euro and Yen.

Trump threats and investigations into Chairman Powell in the open, (rather than other Presidents quietly going after fed chairs in the past) have a yet to be quantified, confidence undermining the fed’s independence. This also tends to be negative for the U.S. Dollar.

U.S. Naval assets in the middle east mobilizing, leads to additional speculation, increasing investor caution as geopolitical risks raise the aura if an Iran strike. Domestic political tension and unrest do very little to calm the dollar bears.

From a technical perspective, the dollar has broken key support levels and testing support in the 96 area.

The On again off again tariff edicts create less stability in the safe haven dollar asset and in some circles, it has been reported the US Government may” enjoy” a weaker dollar to stimulate exports and assist the strengthening of the yen. Japan is an important geopolitical partner in their area of the globe.

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Introducing Cannon Edge — Your Daily Futures Snapshot

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

  • Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

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March – May Meal Spread

The March – May Meal Spread satisfied its third upside PriceCount objective where we are seeing a clear reaction with the potential for a key reversal out of a new high. At this point, IF the chart can resume its rally with new sustained highs, we are left with the low percentage fourth count to aim for at a 3.60 inverse.

FREE TRIAL AVAILABLE

2e8cde27 3f3c 4b60 b40c a9fbbf24dedd

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 January 28th, 2026

20054747 156d 4a5f 9446 9147dc86a9e6

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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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 Classification for Beginners, December Dollar Index, NEW Webinar Nov. 12th, Levels, Reports; Your 5 Important Must-Knows for Trading Futures on October 31st, 2025

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Classify the Trading Day

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec (GCZ5)

3886.53 3961.37 3999.93 4074.77 4113.33

Silver (SI)

— Dec (SIZ5)

46.47 47.59 48.21 49.33 49.95

Crude Oil (CL)

— Dec (CLZ5)

59.07 59.66 60.22 60.81 61.37

 Dec. Bonds (ZB)

— Dec (ZBZ5)

116 28/32 117 8/32 117 22/32 118 2/32 118 16/32

Classify the trading day — quick guide for beginners

trading

Knowing the day type early helps you pick the right strategy: fade on choppy days, trend-follow on volatile days, and use spreads or small size on mixed/news days.

Simple pre-open checks (do these first)

  • Gap size: big gap → possible trend; small gap → likely chop.
  • Pre-market volume: heavy and one-sided → continuation bias; thin → false breaks.
  • News: major headlines → higher odds of volatility.
  • Correlated markets: bonds, oil, FX aligned with equities → directional day.

First 15 minutes checks

  • Open auction: clean one-sided auction + follow-through → trending; repeated rejections → choppy.
  • VWAP action: price runs away from VWAP → trend; price crossing VWAP repeatedly → mean reversion.
  • Open range vs ATR: open range large vs ATR → favor momentum; small → favor range trades.

Fast decision rules

  • If 3+ trending signals → use breakout/momentum play with trailing stop.
  • If 3+ non-trending signals → use small targets, fade to VWAP/open range.
  • If mixed or headline-driven → cut size, use same‑day options or trade spreads.

Beginner checklist (60 seconds)

  1. Gap: big / small.
  2. Pre-market volume: heavy / thin.
  3. News present: yes / no.
  4. First 15 min: follow-through / oscillation.
  5. If majority = trend → trend plan. If majority = chop → fade plan.

Start small, follow these checks every morning, and track which signals worked so you can refine thresholds over time.

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Dec. Dollar Index

The December dollar index completed its second upside PriceCount objective to the 99.60 level which is consistent with a challenge of the August reversal high. If the chart can break out from here with new sustained highs, the third count would project a possible run to the 101.395 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. 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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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Rate Cut, Nov. Feeder Cattle, Trading Psychology, Levels, Reports; Your 5 Must-Knows for Trading Futures the week of October 27th, 2025

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Cannon Futures Weekly Newsletter

In Today’s Issue #1263

  • The Week Ahead – FOMC Week!

  • Futures 101 – Trading Psychology Course

  • Hot Market of the Week – Nov. Feeder Cattle

  • Broker’s Trading System of the Week – MICRO NQ Swing Trading System

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

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2
Gold (GC) — Dec (GCZ5) 4007.90 4063.40 4111.20 4166.70 4214.50
Silver (SI) — Dec (SIZ5) 46.79 47.58 48.17 48.96 49.55
Crude Oil (CL) — Nov (CLX5) 60.38 60.93 61.76 62.31 63.14
 Dow Jones (YM) — Dec 2025 46629 47017 47263 47651 47897

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

rate

 

Traders, much like the Federal Reserve Board, are dependent on data that, during a government shutdown is barely existent.  We have a FOMC rate decision next week and immediately following, a Chair Jerome Powell presser. According to the CME Fed watch tool, we have a 99% chance of another .25-point reduction in the bank lending rate to a 3.75-4.00 range.

Actually, the tool reflects significant confidence of 2, count them, .25 rate reductions remaining this year (the next and final Fed Rate decision meeting is scheduled for December 10th) even after Friday’s CPI release of .03 percent increase in the inflation rate probabilities have remained consistent. The December move would put the Fed Funds lending rate into the 3.50-3.75 range by year end.

As for earnings reports?  Next week we will see the numbers for 5, Trillion dollar + market cap stocks; MSFT, GOOG, META, Wednesday and AAPL, AMZN on Thursday post close.

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 it’s range I have been writing about for months.  BTW, the US Dollar has been in a 4-cent range since April, conversely, the Euro has been in a 5-cent range since Memorial Day. The longer the range trade the harder and faster the breakout becomes.

Expect continued volatility next week as the markets have not been able to receive Gov’t data due to the ongoing, politician-imposed shutdown. Don’t be fooled, this is about politics NOT Policy. Additionally, markets will be reacting to whatever comes out of U.S. Govt leadership relating to conflicts/ cessation, think Russia/Ukraine, sanctioning Russian oil company’s and applying pressure to country’s currently buying oil from them.  Trade deals or no trade deals, China, Trump to meet with Xi Jinping in Korea, India, Canada (in trouble w/ the Reagan Foundation for cutting and pasting incorrectly, a 1987 Reagan Speech on Tariffs) and 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. Visa, UnitedHealth Group,

·        Wed.  MSFT, GOOG, META

·        Thu. AMZN, AAPL, Ely Lilly,

·        Fri.   Exxon Mobile, Chevron

FED SPEECHES: (all times CDT)

·        Mon. Quiet

·        Tues.  Quiet

·        Wed.     FOMC 1:30 Chair Powell Presser

·        Thu. Quiet

·        Fri. Logan 8:30 am, Bostic 11:00 am, Hammack 11:00 am

Economic Data week:

·        Mon.  with the government shutdown, data will be suspended. Check the list Below.

Get An Edge With the Trading Psychology Course

“You must understand that there is more than one path to the top of the mountain.”- Miyamoto Musashi, A Book of Five Rings: The Classic Guide to Strategy

Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.

In this “Trading Psychology” Course you will learn:

·     How to examine your patterns and behaviors and recognize when they are holding you back

·     Maintaining self-confidence as a trader even in the face of inexperience

·     The mathematical expectation model and how it can decrease your losses

·     Determining the trading plan that is right for your trading personality

·     Understanding and using Motivation – Risk – Reward to its full advantage

·     Creating effective trading technique strategies

·     Qualities of Successful Traders

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

November Feeder Cattle

cattle

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 Upside ES Trading System

Markets Traded:   MICRO NQ

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Caracal is a trend trade strategy that takes long trades only

Suggested Capital: $8,000

Developer Fee per contract: $19 Monthly Subscription

Get Started

Learn More & Detailed Results

tradingsystem 251024

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.

System Trades Disclosure:

System Description

“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.

Actual Monthly Performance

The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract. If a client trades 2 contracts his gain or loss is twice as displayed (and so on). This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results. The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE. This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital. Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system.

While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket. THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.

This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition. In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees.

It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report.

This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

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.

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.

System Trades Disclosure:

System Description

“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.

Actual Monthly Performance

The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract. If a client trades 2 contracts his gain or loss is twice as displayed (and so on). This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site.

Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results. The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE.

This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital. Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system.

While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket. THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.

This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition.

In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees. It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report.

This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

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.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Daily Levels for Oct 27th, 2025

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Would you like to receive daily support & resistance levels?

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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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

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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

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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)

f21cc7d5 3b7b 468a a2d0 59ee83101b6a

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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Overnight Edge, December Mini Dow, Levels, Reports; Your 4 Important Need-To-Knows for Trading Futures on October 21st, 2025

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Where is the Edge?

edge

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2
Gold (GC) — Dec (GCZ5) 4173.40 4285.40 4341.70 4453.70 4510.00
Silver (SI) — Dec (SIZ5) 49.49 50.65 51.24 52.40 52.99
Crude Oil (CL) — Nov (CLX5) 55.32 56.16 56.79 57.63 58.26
 Dow Jones (YM) — Dec 2025 46087 46503 46733 47149 47379

Over the past few months, and especially in recent weeks, we’ve seen unusually large overnight moves. Some moves appear random, others reverse quickly, and some are driven by headlines such as tariff news. These dynamics have increased gap risk, reduced overnight liquidity, and produced frequent open-time dislocations.

Common question

Where is the edge?

Short answer

  • Trade the first 30 minutes and focus on short-term gap-fill or rejection setups.
  • Use same-day options when you expect a large directional move to limit tail risk and avoid being stopped out only to see the market move in your favor.
  • Trade spreads when relative strength diverges across instruments (for example, gold vs silver or mini-Dow vs ES).

Extended answer

I want to focus on the practical elements of trading like pre-market context, move behavior, market news correlation, liquidity, options limits, and whether to use mean reversion or momentum. I’ll also want to highlight key parts like risk management, stop placement, and position sizing. Planning should be direct with a simple checklist and no more than six sections. I should also consider using a relevant citation about tariff-related movements, but just one, and make sure it’s only placed where necessary. No framing or extra explanations.

Futures day-trading edge

You find edge by matching a repeatable hypothesis to the current market regime, then executing it with strict risk and execution rules.

Regime diagnosis (what the market is doing now)

  • Volatility regime: large overnight gaps and erratic premarket prints mean the market is in a news-driven, headline-sensitive volatility regime.
  • Catalyst profile: moves are often tied to macro headlines and tariff noise; those headlines create directional gaps that either persist into the session or sharply reverse at the open.
  • Liquidity profile: overnight liquidity is thin and fragmented, increasing slippage and fake outs at the open.

Reliable, tradeable edges you can use

  • Pre-open directional bias with size filter. Trade opens when overnight gap exceeds a threshold (e.g., 0.5% or X ticks) and pre-market order flow confirms (sustained prints, not one-off sweep).
  • Use reduced size and wider stops for gaps caused by headline noise.
  • Fade headline gap into first 30 minutes when structure is weakIf gap lacks follow-through volume and price fails to make a clean microstructure breakout, favor mean reversion to the first-tail or VWAP.
  • Trend-follow breakouts in high conviction regimeWhen overnight move is accompanied by aligned macro flow (rates, FX, commodities) and volume ramps into the open, follow momentum with a continuation plan.
  • Volatility arbitrage playsUse options or calendar spreads where available to sell realized volatility after spikes and buy protection around known headline windows.
  • Session-timing edgeTrade smaller and tighter in the first 15–30 minutes after the open; increase size after the market establishes structure (first clean high/low and confirmation).
  • Microstructure edge: limit vs market tacticsUse passive limit entries near structural levels and aggressive exits into liquidity. Avoid market entries into thin pre-open auction prints.

Concrete execution rules (checklist)

  • Pre-market checklist: identify gap size, top 3 headlines, correlated markets (bonds, FX, oil), and pre-open volume trend.
  • Entry rules: require either structural confirmation (higher high / lower low) or a mean-reversion setup with defined edge-to-risk ratio ≥ 2:1.
  • Sizing: reduce notional by 25–50% on headline-driven nights; increase only after two clean consecutive edges are realized.
  • Stops and targets: place stop where edge invalidates (clearly definable price level); scale out at predefined targets; never trade without a stop.
  • Slippage buffer: add tick buffer to stops and profit targets during thin liquidity opens.

How to test and keep the edge

  • Backtest regime-specific rules: label historical sessions by overnight gap size and headline events, test mean-reversion vs momentum rules separately.
  • Forward-test with small capital: run a two-week rolling simulator and log slippage, win rate, and expectancy.
  • Adaptive rules: codify a volatility threshold that switches you between momentum and fade strategies automatically.

Brief trade plan template

  • Hypothesis: (e.g., “Overnight tariff headline caused a 0.7% gap that lacks confirmatory volume; first 20 minutes will mean-revert to VWAP.”)
  • Entry: limit at VWAP + X ticks or on 1-minute reversal candle.
  • Stop: invalidation beyond the overnight high/low + slippage buffer.
  • Target: partial at VWAP, final at first structure level.
  • Size: 50% normal when gap driver = headline; full size only when macro alignment confirmed.

Be systematic: diagnose regime, pick the strategy that historically wins in that regime, enforce execution and risk rules, and iterate from measured data.

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.

December Mini DOW

The December mini DJIA chart satisfied its second upside PriceCount objective earlier this month and corrected lower. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a possible run to the 52041 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. 21st, 2025

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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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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

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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:

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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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