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Category: Future Trading News

As a high risk trading type, futures trading is not for someone who is faint-hearted. Though there are a number of different ways of investing in futures , it is important to stick to what you know. Treading into unknown waters is not something that you should do when dealing in futures.

From managing margins to ordering trades to doing market analysis and more if you want to, you can do that all by yourself – but you may betaking double the risk. Therefore, when trading in futures, it may be better to seek advice from a professional trader.

Professional trading experts at Cannon Trading can help you with your futures trading. We are also there to keep you updated with the latest on futures trading and market news. All the news and latest articles on futures trading are published on our site under the category Archive Futures Trading News, which you are currently browsing through. Read more and the latest here and keep updated.

Technical Analysis Weekly Market Update PLUS: CannonEdge Snapshot, Pre-Market Briefing TEXT & PODCAST, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 5th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4421.47 4473.33 4561.97 4613.83 4702.47

Silver (SI)

— July. (#SI)

 70.17 71.67 74.10 75.60 78.03

Crude Oil (CL)

— June. (#CL)

 95.59 100.43 103.94 108.78 112.29

 June Bonds (ZB)

— June. (#ZB)

 111 4/32 111 22/32 112 19/32 113 5/32 114 2/32

Technical Analysis Weekly Market Update

By Eli Levy, Senior Analyst

Market

Jeff DeGraff of Renaissance Macro had what I think was the cleanest framing of where this market sits as we close out April: we’re still dancing, but we’re staying in close proximity to the door. The tape is the dominant factor, and the tape is moving in the right direction — that keeps DeGraff constructive.

But RenMac’s market cycle clock is sitting in what has historically been the worst zone for forward S&P 500 returns, and his bubble indicator on semiconductors is still flashing. He also reminded viewers that when an index doubles within a two-year window, there’s a very high probability of a 30%+ correction in the following six months.

S&P 500/Nasdaq

The rest of the week was, frankly, euphoric — April was the best month for the S&P 500 since November 2020, the Nasdaq 100 had its best month since October 2002, and the Nasdaq Composite had its best April on record. We’ve rallied roughly 14% off the late-March lows, driven by the part of the story you actually want driving it: earnings.

Q1 Growth

Q1 EPS growth is tracking at 28.8% versus a 14% expectation — better than a double. Of the 315 S&P names reported, 72% beat top line, 81% beat bottom line, revenue growth at 11.2%, tech earnings growth in the 40s. The hyperscaler CapEx number — roughly $700 billion for the year — was confirmed and extended into 2027.

SOX

SOX printed a fresh all-time high; IGV is now Tom Lee’s top software pick. But the median S&P constituent is still 13% below its 52-week high; chip space monthly moves were parabolic (Intel +114%, Astera +78%, AMD +74%); SPX is sitting ~5.5% above its 50-DMA. Don’t fight the tape. But stay close to the door.

See review of many charts from different segments along with key levels to watch and market direction HERE.
How to Place a Trailing Stop on CannonX
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Cannon Edge — Your Daily Futures Snapshot for May 5th
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Daily Levels for May 5th, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Add price confirmation workflow for signal-based intraday trading WITH VIDEO PLUS: June Crude Oil, CannonEdge Snapshot, Pre-Market Briefing WITH PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 1st, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4504.90 4567.00 4612.90 4675.00 4720.90

Silver (SI)

— July. (#SI)

 70.64 72.39 73.39 75.14 76.14

Crude Oil (CL)

— June. (#CL)

 99.00 102.26 106.59 109.85 114.18

 June Bonds (ZB)

— June. (#ZB)

 112 2/32 112 16/32 112 26/32 113 8/32 113 18/32

Add price confirmation workflow for signal-based intraday trading

intraday trading

Overview

  • Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
  • The core behavior is to wait for the market to respect the signal before entering:
  • For a sell signal, confirm by breaking below the previous bar low.
  • For a buy signal, confirm by breaking above the previous bar high.
  • Helps filter out weak or premature signals and encourages more patient trade selection.
  • Demonstrates how the signal indicator can be paired with additional visual context, including:
  • Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
  • Trailing-stop management once the trend begins to fade or reverse.
  • Reinforces that the trader still needs to manage:
  • position size
  • stops
  • targets
  • trade exits
  • Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.

Assumptions

  • The PR is intended to document or implement the trading rule described in the Loom rather than change exchange/order-routing logic.
  • Signal generation already exists; this change adds a confirmation step before a trade is considered valid.
  • The previous bar high/low is the intended confirmation reference for both long and short setups.
  • Color Bars are used as a discretionary visual aid and not as a hard entry/exit requirement.
  • This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE
Price Confirmation
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June Crude Oil

June Crude Oil has resumed its rally into a new high. If the chart can sustain further strength, the low percentage fourth upside PriceCount objective would project a possible run to the $121 area.
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

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

Learn more at www.qtchartoftheday.com

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

Cannon Edge — Your Daily Futures Snapshot for May 1st
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Daily Levels for May 1st, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Day Trading Futures on the Last Trading Day of the Month PLUS: Pre-Market Briefing REPORT & PODCAST, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows Before Trading Futures on April 30th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4468.63 4517.17 4570.73 4619.27 4672.83

Silver (SI)

— July. (#SI)

 69.48 70.77 72.60 73.88 75.71

Crude Oil (CL)

— June. (#CL)

 94.89 101.42 104.96 111.49 115.03

 June Bonds (ZB)

— June. (#ZB)

 111 27/32 112 9/32 113 113 14/32 114 5/32

Day Trading Futures on the Last Trading Day of the Month

day trading

The final trading day of the month often brings non‑typical price action as institutional players rebalance portfolios, roll contracts, and manage exposure. For day traders, that means adapting expectations and tightening execution.

What to keep in mind:

  • Order flow can be irregular. Month‑end moves are often flow‑driven, not technical, leading to sharp spikes and sudden reversals.

    • Let price action confirm before committing size.

  • Volatility tends to rise late. The final hour can be more active than usual, especially in equity index and rate futures.

    • Stay alert into the close.

  • Key levels matter—but not always cleanly.

    • Prior highs/lows and VWAPs often act as magnets or pivot zones rather than straightforward breakout points.

  • Watch for false breakouts. Stops are frequently run around obvious levels, only for price to snap back.

    • Confirmation matters more than speed.

  • Mind liquidity and sizing. Contract volume can shift around month‑end.

    • Trade the most liquid contract and consider scaling down.

Bottom line: The last day of the month rewards patience, flexibility, and strong risk control.

Trade what you see, not what you expect—and remember that sitting out is also a position.
day trading

Cannon Edge — Your Daily Futures Snapshot for April 30th
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Daily Levels for April 30th, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Los Angeles, CA 90025 US

Trading (or not on FOMC days) PLUS: Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on April 29th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4642.40 4668.20 4707.00 4732.80 4771.60

Silver (SI)

— May. (#SI)

 74.08 75.02 76.06 77.01 78.05

Crude Oil (CL)

— June. (#CL)

 93.14 94.77 96.22 97.85 99.30

 June Bonds (ZB)

— June. (#ZB)

 113 7/32 113 15/32 113 24/32 114 114 9/32

Trading (or not on FOMC days)

trading

On FOMC days, futures day traders should think less about predicting the announcement and more about protecting their capital and emotional bandwidth. Liquidity often thins out ahead of the release, which means even “normal” setups can behave erratically, so it’s usually wise to reduce size, avoid initiating new positions right before the statement, and stay away from revenge trades if the first move fakes you out.

The real edge comes from preparation: mark key levels, know your max loss for the day, and be ready for spreads to widen and volatility to spike. After the announcement, let the first wave of algorithmic whipsaws pass before stepping in — patience often pays more than bravado.

And above all, don’t treat FOMC like a lottery ticket; treat it like a risk event that rewards discipline, not prediction.
127efd5c bf86 4107 97e6 7fb0c45b7c50

Cannon Edge — Your Daily Futures Snapshot for April 29th
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Daily Levels for April 29th, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Call Now

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Los Angeles, CA 90025 US

Technical Analysis Weekly Market Update PLUS: CannonEdge Snapshot, How to Place a Trading Stop on CannonX VIDEO, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows For Trading Futures on April 28th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4642.40 4668.20 4707.00 4732.80 4771.60

Silver (SI)

— May. (#SI)

 74.08 75.02 76.06 77.01 78.05

Crude Oil (CL)

— June. (#CL)

 93.14 94.77 96.22 97.85 99.30

 June Bonds (ZB)

— June. (#ZB)

 113 7/32 113 15/32 113 24/32 114 114 9/32

Technical Analysis Weekly Market Update

market

By Eli Levy, Senior Analyst

Trend is up. Earnings are good. Breadth is improving. The technicals are clean. The Fed is on hold. And yet I keep coming back to the same point I made last week: chasing all-time highs with this much event risk on the calendar is not for the faint of heart. The setup is constructive — I am not arguing with it — but the path of least resistance for at least one of these next-week events is a sharp, headline-driven reversal.

The market has been forgiving lately; that does not mean it always will be.

If you are long, ride the trend, but keep your stops where they belong and do not let a winning week become a losing month by sizing up into earnings. If you are flat, your edge this week is patience — let the FOMC and the hyperscalers print, then pick your spot.

If you are short, you have been wrong for four weeks and now the chart is wrong too. Perhaps reassess.

Volatility is still the trade of 2026.

That has not changed. What has changed is that we are now grinding higher inside that volatility regime instead of selling off. Respect the tape.

See review of many charts from different segments along with key levels to watch and market direction HERE.
How to Place a Trailing Stop on CannonX
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Cannon Edge — Your Daily Futures Snapshot for April 28th
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Daily Levels for April 28th, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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12100 Wilshire Blvd.

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Los Angeles, CA 90025 US

Supply Disruption in Oil Causes Backwardation in Markets PLUS: July KC Wheat, NEW PODCAST and DAILY BRIEFIING, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on April 24th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4702.90 4730.40 4760.60 4788.10 4818.30

Silver (SI)

— May. (#SI)

 75.66 76.71 77.67 78.73 79.69

Crude Oil (CL)

— June. (#CL)

 85.21 88.86 91.30 94.95 97.39

 June Bonds (ZB)

— June. (#ZB)

 113 18/32 113 25/32 114 7/32 114 14/32 114 28/32

Supply Disruption in Oil, Market in Backwardation

By Erik Norland Chief Economist, CME Group
oil

  • Crude oil prices are in a steep backwardation amid the Middle East conflict.

  • WTI Oil for December delivery was as much as $40/barrel lower than May and June contracts.

  • Since 1985, the oil market has been in backwardation 58% of the time and in contango 42% of the time.

  • Backwardation tends to happen in situations where the oil market is undersupplied.

➜ ➜ Read article
crude oil
127efd5c bf86 4107 97e6 7fb0c45b7c50

July KC Wheat

July KC Wheat has resumed its rally into a new high for the move as it challenges the 2025 high. At this point, if the chart can sustain new highs, we are left with the low percentage fourth PriceCount objective to aim for in the 7.51 area.
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

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

Learn more at www.qtchartoftheday.com

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

Cannon Edge — Your Daily Futures Snapshot for April 24th
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Daily Levels for April 24th, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

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Los Angeles, CA 90025 US

Check out our Daily Briefing via EMAIL or PODCAST EVERY BUSINESS DAY PLUS: June Mini Dow, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on April 23rd, 2026

Posted on by Cannon Operations
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Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4702.90 4730.40 4760.60 4788.10 4818.30

Silver (SI)

— May. (#SI)

 75.66 76.71 77.67 78.73 79.69

Crude Oil (CL)

— June. (#CL)

 85.21 88.86 91.30 94.95 97.39

 June Bonds (ZB)

— June. (#ZB)

 113 18/32 113 25/32 114 7/32 114 14/32 114 28/32

Check out the daily brief every morning before you start trading!

Read it or listen to it on the go!

Click here to view ( or hear ) the latest brief
daily

June Mini Dow

The June Mini Dow satisfied its second upside PriceCount objective where we are seeing some short-term consolidation. At this point, any further strength will have to contend with overhead at the contract high while a breakout into new sustained highs would project a possible run to the third count to the 52083 area.
98c3370f 60d9 4ee6 b03c 08c3fba612af

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

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

Learn more at www.qtchartoftheday.com

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

Cannon Edge — Your Daily Futures Snapshot for April 23rd
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Daily Levels for April 23rd, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

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Los Angeles, CA 90025 US

Crude Oil Pricing amidst Strait of Hormuz Failure-To-Open PLUS: Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on April 21st, 2026

Posted on by Cannon Operations
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At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4715.87 4775.63 4811.77 4871.53 4907.67

Silver (SI)

— May. (#SI)

 77.72 78.77 79.76 80.81 81.80

Crude Oil (CL)

— June. (#CL)

 83.17 85.03 87.32 89.18 91.47

 June Bonds (ZB)

— June. (#ZB)

 113 25/32 114 5/32 114 14/32 114 26/32 115  3/32

Technical Analysis Weekly Market Update

By Eli Levy, Senior Analyst

crude

Equities

The rally for U.S. equities closed the week higher yet again, marking the 3rd consecutive weekly gain after five straight weekly declines before that. It was a fast and remarkable rally, to say the least. WTI crude is down 12% and the VIX has pulled back to 17. Uncertainty around Iran, oil prices, and the potential economic fallout hasn’t fully dissipated — but markets are trading as if the war is effectively over and any oil price shock will prove short-lived.

Q1 First Week

The first week of Q1 earnings backed up the momentum right on cue. When S&P futures touched the all-time high, I looked for the catalyst that could push them through that ATH — and I saw the Magnificent 7 were still well below their own ATHs. Given their weighting in the index, the Mag 7 catching up could be the catalyst. Keep an eye on them.

Economic Calendar

The economic calendar was light; the one notable print was March PPI coming in well below estimates. Tech again showed relative strength across both AI infrastructure names and software — the PHLX Semiconductor Index (SOX) is trading at fresh all-time highs, and the iShares Expanded Tech-Software Select ETF (IGV) gained 15% on the week.

Big Banks

Big banks kicked off earnings on an encouraging note. Only 46 S&P 500 names have reported so far, but of those 69% beat on the top line and 80% on the bottom line. Q1 revenue growth is tracking at 13.21% and EPS growth at 32.12% — strong early numbers, but with so little of the index reported it’s too soon to draw firm conclusions. ES futures ripped through every key resistance level — reclaiming the 200-, 100-, 50- and 20-day moving averages.

Final Notes

There is no meaningful resistance left on my charts except for the trendline on the SPX chart. I don’t know if we get a pullback, consolidate here, or keep melting up — but chasing all-time highs is not suitable for the faint of heart.

See review of many charts from different segments along with key levels to watch and market direction HERE.
How to Place a Trailing Stop on CannonX
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Cannon Edge — Your Daily Futures Snapshot for April 21st
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Daily Levels for April 21st, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

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Los Angeles, CA 90025 US

Mini-Nasdaq Amidst Iran News PLUS: CannonEdge Snapshot, May – July Wheat Spread, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on April 17th, 2026

Posted on by Cannon Operations
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At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4753.07 4783.23 4822.27 4852.43 4891.47

Silver (SI)

— May. (#SI)

 76.41 77.53 79.28 80.40 82.16

Crude Oil (CL)

— June. (#CL)

 85.24 87.65 89.74 92.15 94.24

 June Bonds (ZB)

— June. (#ZB)

 113 1/32 113 11/32 113 30/32 114 8/32 114  27/32

Mini-NASDAQ Amidst Iran News

nasdaq

Another wild day where we witnessed a sharp sell off on some Iran news around 8:45 Am central and it was a classic “buy the rumor, sell the fact” (or in reverse…. sell the rumor, buy the fact…)

A 5-minute chart of the mini-NASDAQ 100 for your review below:
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How to Place a Trailing Stop on CannonX
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May – July Wheat Spread

The May – July Wheat Spread accelerated its rally to satisfy the second upside PriceCount objective to the -6.5 area, consistent with a challenge of the winter high. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. In the process, by trading through the March reactionary high, the chart negated the remaining unmet downside counts. At this point, if we can sustain further strength, the third count would project a possible run to the -3.5 area.
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

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

Learn more at www.qtchartoftheday.com

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

Cannon Edge — Your Daily Futures Snapshot for April 17th
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Daily Levels for April 17th, 2026
98b2b607 be3d 43f2 86c0 14fa2ac05bd9

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Call Now

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon

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12100 Wilshire Blvd.

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Crude Oil Testing Major Support Levels PLUS: NEW CRUDE OIL VIDEO, CannonEdge Snapshot, May KC – Chicago Wheat Spread, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on April 16th, 2026

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

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4752.40 4784.40 4839.90 4871.90 4927.40

Silver (SI)

— May. (#SI)

 76.74 78.03 79.59 80.88 82.44

Crude Oil (CL)

— May. (#CL)

 84.11 87.61 90.45 93.95 96.79

 June Bonds (ZB)

— June. (#ZB)

 113 23/32 113 31/32 114 15/32 114 23/32 115  7/32

Stocks on a V shape bounce, Crude Oil testing major support levels.

The conflict is far from over, but the markets act as if they “know something” OR are the markets premature?

Time will tell…. keep watching Crude Oil.

What’s Going on With Crude Oil?

crude oil
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May KC – Chicago Wheat Spread

The May KC – Chicago Wheat Spread is attempting to extend its rally. If the chart can sustain further strength, the second upside PriceCount objective would project a possible run to the *42 area.
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

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

Learn more at www.qtchartoftheday.com

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

Cannon Edge — Your Daily Futures Snapshot for April 16th
e01302bc e802 4a36 93d5 b9afd7e4eee4

Daily Levels for April 16th, 2026
fef02431 5a65 4ae7 b8b0 e1aca22789e7

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
3c58648c e5b5 402c b8ad 9237c81fba50

Find us on Trustpilot
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
S
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Services
Software
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Contact
Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.