Unlock your Edge with TradingView Indicators PLUS: CannonEdge, PPI, Silver First Notice, Levels, Reports; Your 6 Important Can’t Miss Need To Knows for Trading Futures On February 27th, 2026, THE LAST TRADING DAY OF THE MONTH

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Unlock Your Edge with Premium TradingView Indicators

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

5117.27 5166.83 5194.37 5243.93 5271.47

Silver (SI)

— Mar. (#SI)

83.21 86.31 88.65 91.76 94.10

Crude Oil (CL)

— April. (#CL)

62.15 63.80 65.26 66.91 68.37

 Mar. Bonds (ZB)

— Mar. (#ZB)

117 5/32 117 17/32 117 24/32 118 4/32 118 11/32
  • FN day for March Silver is tomorrow!

  • PPI tomorrow

  • Also tomorrow is the last trading day for February

  • Nice video on how one can utilize the RSI indicator is now available!

 Unlock Your Edge with Premium TradingView Indicators 

tradingview

Ready to level up your trading game? Our proprietary indicator suite is now available on TradingView—designed for traders who want clarity, precision, and confidence.

✅ 5 custom-built studies powered by mathematical algorithms

✅ Works on any market, any timeframe

✅ Includes early trend and counter-trend signals

✅ Plug-and-play setup—no coding required

✅ Full access to concept explanations and usage tips

Whether you’re day trading or swing trading, these tools can help you spot high-probability setups and avoid common traps – an example of the way signals look below!

Try them FREE and see why serious traders trust our edge.

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Above is an intraday Gold chart from this morning, showcasing how our indicators plot signals in real time:

  • Green triangles → potential buy setups

  • Red triangles → potential sell setups

  • Green squares → possible exit for a short and/or an aggressive counter‑trend buy

  • Red squares → possible exit for a long and/or an aggressive counter‑trend short

…and much more built into the logic behind the scenes.

These visual cues are designed to help traders quickly interpret momentum shifts, trend strength, and potential reversal zones—without clutter or guesswork.

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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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FREE TRIAL AVAILABLE

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

It is 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 February 27th, 2026

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Find us on Trustpilot

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

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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Algo Futures Trading

algo futures trading

Algo Futures Trading

Algorithmic Futures Trading

algo futures trading

algo futures trading

The futures markets have always been innovation-driven, from open outcry pits to electronic matching engines. Today, algo futures trading and algorithmic futures trading dominate global derivatives volume across CME-listed equity index, energy, agricultural, metal, and interest rate contracts. As exchange infrastructure, cloud computing, artificial intelligence, and data science evolve, traders must adapt to an environment where speed, automation, and analytics define competitive advantage.

This in-depth guide explores the latest technological advancements powering algo futures trading, how professional brokers help traders implement and manage algorithmic futures trading systems, and why Cannon Trading Company has remained a top choice for futures traders for decades.

Learn More HERE

The Evolution of Algo Futures Trading

The transition from pit trading to electronic trading at CME created the foundation for modern algo futures trading. Electronic order books enabled programmable execution, allowing traders to deploy rules-based systems instead of manual discretionary orders.

Algorithmic futures trading began with simple rule engines:

  • Moving average crossovers
  • Breakout systems
  • Volume-based entries
  • Time-of-day strategies

Today, however, algo futures trading includes:

  • Machine learning signal generation
  • Adaptive volatility modeling
  • Order book imbalance detection
  • Latency-sensitive execution algorithms
  • Portfolio-level risk engines

CME’s Globex electronic platform enables near-instant matching, making algorithmic futures trading viable for retail and institutional traders alike. The democratization of execution speed, combined with broker-provided APIs, has allowed individual traders to compete in ways previously reserved for hedge funds.

New Technological Advancements in 2026

The year 2026 has introduced a suite of technological breakthroughs that have redefined the possibilities of algo futures trading. We have moved beyond basic automation into the realm of truly “intelligent” systems.

Machine Learning and Predictive Microstructure

Modern algorithmic futures trading now leverages unsupervised machine learning to identify shifting market regimes. Unlike older “static” algorithms that might fail when market conditions change (from trending to sideways), today’s systems can adjust their parameters in real-time. By analyzing the order book depth and “iceberg” orders at the CME, these algorithms predict short-term price movements with localized accuracy.

Cloud-Native Low Latency Infrastructure

The days of needing a physical server rack next to the exchange are evolving. Hybrid cloud solutions now allow for proximity hosting that rivals traditional co-location. This allows for algo futures trading strategies to run on high-performance virtual private servers (VPS) that are “cross-connected” to the exchange gateways. This reduces the “slippage” that occurs when a trade is triggered at one price but executed at another.

Generative AI for Strategy Optimization

One of the most significant shifts in algorithmic futures trading is the use of Generative AI to “stress-test” code. Instead of simple backtesting against historical data, traders now use AI to create synthetic “black swan” scenarios. This ensures that an algorithm is robust enough to handle the 10% outlier events that typically wipe out less prepared participants.

How Your Broker Helps Navigate Advancements

While the technology is impressive, it is often inaccessible without the right intermediary. This is where the value of a specialized broker becomes clear. Navigating the world of algo futures trading requires more than just a login; it requires an ecosystem.

Access to Specialized Platforms like E-Futures

Brokers provide the gateway to sophisticated software like the E-Futures platform. E-Futures is designed to handle the high data throughput required for algorithmic futures trading. Your broker assists by configuring these platforms to ensure that the data feeds are “unfiltered” and “direct,” providing the raw numbers your algorithm needs to make split-second decisions.

Customized Risk Management Controls

The CME mandates strict risk management protocols to prevent “flash crashes.” A dedicated broker helps you set up pre-trade risk filters. These are safety nets that live on the broker’s server, ensuring that if your algo futures trading script goes haywire—perhaps by attempting to buy more contracts than your account allows—the trade is blocked before it even reaches the exchange.

Navigating Connectivity and API Integration

Implementing algorithmic futures trading often requires connecting custom code (Python, C++, or Java) to a broker’s API. A top-tier broker provides the technical support to ensure your API “handshake” is secure and persistent. They act as the liaison between your code and the exchange’s execution engine, ensuring that your E-Mini or micro-contract orders are routed via the most efficient path.

Why Cannon Trading Company is a Top Choice

algo futures trading

algo futures trading

For decades, Cannon Trading Company has remained a cornerstone of the futures industry. Their longevity is not a result of luck, but a commitment to adapting alongside the evolution of algorithmic futures trading.

A Legacy of Integrity Since 1988

In an industry where firms often vanish as quickly as they appear, Cannon Trading Company has provided continuous service for nearly 40 years. This historical perspective is vital for algo futures trading participants who need a stable partner. They have navigated every market cycle, from the early days of electronic trading to the AI-driven markets of 2026.

Superior Ratings on Trustpilot

Client satisfaction is the ultimate metric of a broker’s efficacy. Cannon Trading Company consistently maintains high marks on Trustpilot. Traders frequently cite the “human touch” as their reason for staying. Even in a world of algorithmic futures trading, having a Series 3 licensed broker available via phone to discuss a technical glitch or a margin requirement is an invaluable asset.

Diverse Platform Offerings

Cannon Trading Company doesn’t force traders into a one-size-fits-all solution. They offer a “buffet” of high-performance platforms, including E-Futures and others optimized for the E-Mini markets. This allows an algo futures trading enthusiast to choose the specific execution environment that best suits their code’s latency requirements and complexity.

The Role of E-Mini Contracts in Algorithm Development

The E-Mini revolutionized the world of algorithmic futures trading by making high-liquidity markets accessible at a lower capital requirement. For those developing new algo futures trading systems, the E-Mini S&P 500 or the E-Mini Nasdaq-100 provides the perfect “laboratory.”

Because these contracts are traded 24/5 on the CME, they provide a continuous stream of data. This allows for the refinement of algorithms across different time zones and volatility profiles. When a trader works with Cannon Trading Company, they gain access to specialized margin rates for these contracts, which is essential for “scaling up” an algorithm as it proves its profitability.

Real-World Execution: From Code to CME

To succeed in algo futures trading, one must understand the journey of an order. When your algorithm identifies a pattern in the E-Mini Dow, it sends an instruction through the broker’s API. From there, the order travels through the broker’s infrastructure, undergoes a risk check, and is finally matched at the CME.

A broker like Cannon Trading Company optimizes this path. They ensure that your algorithmic futures trading system isn’t bogged down by “hop-heavy” routing. By providing direct market access (DMA), they minimize the time between the algorithm’s decision and the exchange’s confirmation. This “round-trip” time is the difference between a profitable trade and a missed opportunity in the fast-paced world of algo futures trading.

The Synergy of Human Expertise and Machine Precision

The most common misconception about algorithmic futures trading is that it is a “set it and forget it” endeavor. In reality, the most successful participants are those who combine their algo futures trading logic with the institutional wisdom of a broker.

Cannon Trading Company excels here by providing “brokers who understand the tech.” If the CME issues a new regulation regarding automated trading, or if there is a scheduled maintenance window for the E-Futures server, your broker proactively informs you. This synergy ensures that your algorithmic futures trading strategy remains compliant and operational, even when the underlying technology undergoes rapid shifts.

Building Your Trading Future

The evolution of algo futures trading has democratized the markets, allowing individual traders to compete with the giants of Wall Street. However, the complexity of 2026’s markets requires a partner that offers more than just a trading terminal.

By choosing Cannon Trading Company, you are aligning yourself with a firm that has a proven track record on Trustpilot, deep roots in the CME ecosystem, and a specialized understanding of algorithmic futures trading. Whether you are focused on the E-Mini indices or commodities, the combination of the E-Futures platform and professional brokerage support provides the foundation needed for long-term success.

FAQ Section

Q: Is algo futures trading suitable for beginners?

A: While algorithmic futures trading requires a technical learning curve, it is highly beneficial for beginners because it enforces discipline. Using a platform like E-Futures through Cannon Trading Company can help beginners automate basic risk management.

Q: What is the minimum capital required for algorithmic futures trading?

A: This depends on the contract. Trading E-Mini contracts requires more margin than “Micro” contracts. Cannon Trading Company can help you determine the appropriate capital based on your specific algo futures trading strategy.

Q: Do I need to be a programmer to use algorithmic futures trading?

A: Not necessarily. While many build custom code, there are “no-code” and “low-code” solutions available on platforms like E-Futures that allow you to build an algo futures trading system using visual logic.

Q: How does the CME regulate algorithmic futures trading?

A: The CME has specific rules regarding “messaging” and “order-to-fill” ratios to ensure market stability. Professional brokers like those at Cannon Trading Company ensure your algorithmic futures trading activities stay within these regulatory boundaries.

Q: Why is Cannon Trading Company’s Trustpilot score important?

A: In the algo futures trading space, technical issues can arise. A high Trustpilot score indicates that the broker is responsive and effective at resolving client issues, which is critical for automated systems.

Q: Can I trade E-Mini contracts 24 hours a day?

A: Yes, the CME offers nearly 24-hour trading for E-Mini products. This allows your algorithmic futures trading systems to capture opportunities in global markets regardless of your local time.

Try a FREE Demo!

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

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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

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

Follow us on all socials: @cannontrading

 

The Week Ahead: 10 Fed Speeches PLUS: State of the Union address Tuesday, Tradingview Indicators, May Soybeans, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of February 23rd, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1279

  • The Week Ahead – Iran Deadline, State of Union, Fed Speeches

  • Futures 101 – Trading Signals AVAILABLE on TradingView!

  • Cannon Edge – Your Futures trading Map for the week ahead!

  • Hot Market of the Week – May Soybeans

  • Broker’s Trading System of the Week – NQ Day Trading System

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

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4956.43 5035.97 5078.83 5158.37 5201.23

Silver (SI)

— Mar. (#SI)

74.72 79.47 82.03 86.77 89.33

Crude Oil (CL)

— April. (#CL)

65.19 65.79 66.41 67.01 67.63

 Mar. Bonds (ZB)

— Mar. (#ZB)

116 18/32 117 117 15/32 117 29/32 118 12/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

fed

Shutdown? 10 Fed Speeches, including State of The Union

The Stalemate on Capitol Hill festers, how long will the “essential” employees go without pay before the safety of our air traffic system falters? 10 fed speeches for the market to digest. Speaking of digesting, some investors may need antacid while others will be celebrating like a tailgate party at the national championship game.

Tuesday, President Trump will be presenting the State of the Union Address to the Congress divided. Bring your popcorn.

Whether the event is positive or negative will be provided by the evening session, real time, tune into your trading platforms to view any potential fireworks.  Re: the Fed, of note, there will be 10 Fed speakers during daytime trading hours throughout the week. (see below for times)

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

Earnings Next Week:

·        Mon. Dominion Resources

·        Tue. Home Depot, Realty Income, American Tower

·        Wed. Nvidia, HSBC Holdings, TJX Companies, Lowe’s

·        Thu.  Salesforce, Intuit, Dell, Vistra

·        Fri. Quiet

FED SPEECHES: (all times CST)

·        Mon.  Waller 7:00am

·        Tues.  Goolsbee 7:00 am, Bostic 8:00, Collins 8:00, Waller 8:15, Cook 8:30

·        Wed. Barkin 8:45 am, Musalem 12:20

·        Thu. Bowman 9:00 am

·        Fri.  Jefferson 11:00 am

Econ Data: (all times CST)

·        Mon. Natl Activity Index, Factory Orders, Dallas Fed

·        Tue. Redbook YoY, Case Shiller, Consumer Conf, Dallas Fed svcs,

·        Wed. EIA Crude stocks.

·        Thu. Jobless claims, Nat Gas Stocks,

·        Fri. Core PPI, CHGO PMI, Construction Spending, Baker Hughes Rig count

 Unlock Your Edge with Premium TradingView Indicators 

Ready to level up your trading game? Our proprietary indicator suite is now available on TradingView—designed for traders who want clarity, precision, and confidence.

✅ 5 custom-built studies powered by mathematical algorithms

✅ Works on any market, any timeframe

✅ Includes early trend and counter-trend signals

✅ Plug-and-play setup—no coding required

✅ Full access to concept explanations and usage tips

Whether you’re day trading or swing trading, these tools can help you spot high-probability setups and avoid common traps – an example of the way signals look below!

 Try them FREE and see why serious traders trust our edge.

·     SIGN UP HERE FOR 3 WEEK FREE TRIAL. 

WATCH VIDEO BELOW BY CLICKING ON THE IMAGE!

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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 CQG.

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Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

 May Soybeans

 

May soybeans satisfied the second upside PriceCount objective to the $11.61 area and are now reacting with a potential key reversal to the downside. At this point, IF the chart can sustain further upside, the November highs would be the next layer of overhead to contend with before any possibility of taking aim at the third count.

 Learn more spreads and seasonal patterns in commodity futures HERE

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

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

Learn more at www.qtchartoftheday.com

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

Brokers Trading System of the Week

Abacus Raider Xtreme Trading System

System Description

Market Sector: Stock Indexes

Markets Traded:  NQ ,

System Type: Day Trading

Suggested Capital: $9,500

Developer Fee per contract: $175.00 Monthly Subscription

A day trading system currently traded by the developer who has 15+ years’ experience. It is based on the successful Abacus Raider NQ system but expanded significantly to generate an average of 15-25 trades a month.

By utilizing negative correlations between positions, a low level of capital requirement is retained but with greatly increased profit potential over time.

All trades are strictly limited to a duration of only a few minutes to minimize risk and provide an unparalleled risk/reward profile. The system is available in the NQ market only (no MNQ).

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.

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 Feb. 23rd, 2026

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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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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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Upcoming NFP Report (late) and WYNTK PLUS: Employment vs. Household Surveys, March Unleaded Gas, Levels, Reports; Your Important, Can’t-Miss Need-to-Knows for Trading Futures on February 11th, 2026

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NFP 102

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4943.73 5021.37 5066.23 5143.87 5188.73

Silver (SI)

— Mar. (#SI)

76.11 79.77 81.77 85.43 87.43

Crude Oil (CL)

— Mar. (#CL)

61.69 63.03 63.95 62.29 66.21

 Mar. Bonds (ZB)

— Mar. (#ZB)

114 17/32 115 115 11/32 115 26/32 116 5/32

Non-Farm Payrolls (NFP)

nfp

The following is a crash course on the monthly NFP report (Non-Farm Payroll = Employment Situation) – usually NFP comes out on the first Friday of every month.

Due to the partial govt. shutdown, NFP will be out tomorrow morning at 7:30 AM central (was supposed to be released this past Friday same time)

  • When NFP is released the following markets, generally, tend to be affected by the most volatility.
  • Foreign Exchange (Forex) Market: A strong report often strengthens the USD, while a weak report causes it to fall.
  • Bond Market (Fixed Income): Stronger job growth can lead to higher interest rates (yields) as investors anticipate tighter Fed policy, driving bond prices down. Conversely, weak data often causes investors to move to safe-haven Treasury bonds, lifting prices.
  • Stock Market (Equities): Markets often react positively to strong growth, but a very strong report can sometimes hurt stocks if it suggests aggressive interest rate hikes. A weak report can cause declines, but it might also trigger a rally if the market expects the Fed to lower interest rates.
  • Commodity Market (Gold): Gold often reacts inversely to the USD and Treasury yields, acting as a safe haven during economic weakness. 

US January Non-Farm Payrolls data will be released Wednesday morning at 7:30 am CT. Economists are forecasting non-farm payrolls +55,000 compared to December’s month’s +50,000. The January jobless rate is expected at 4.4%. Average hourly earnings are expected up +0.3% month over month, up +3.7% year over year.

The Non-Farm Payroll (NFP) report…

Officially called the Employment Situation — is one of the most important monthly U.S. economic indicators. The Bureau of Labor Statistics (BLS) releases it on the first Friday of each month (covering the prior month) at 8:30 a.m. ET. However, due to the partial U.S. Government shutdown, the BLS is releasing the report tomorrow, Feb. 11th

It gets its name from the establishment (payroll) survey, which tracks paid jobs outside of farming. The full report actually combines two separate surveys with different methodologies, strengths, and focuses.

The Two Core Surveys

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Main Components of the Report

1. Headline Nonfarm Payroll Employment Change (Establishment Survey)

  • The most-watched number: Net change in total nonfarm payroll jobs (e.g., +50,000 or -100,000).
  • Often broken out as:
  • Total nonfarm
  • Private nonfarm (excludes government)
  • Revisions to the prior 1–2 months are very common and can be large (tens or even hundreds of thousands).

2. Industry Sector Breakdown (Establishment Survey)

This is one of the most valuable parts. Table B-1 shows detailed job gains/losses by sector. Major categories include:

  • Goods-producing: Mining, Construction, Manufacturing
  • Service-providing: Retail Trade, Wholesale Trade, Transportation & Warehousing, Information, Financial Activities, Professional & Business Services, Education & Health Services (especially Health Care), Leisure & Hospitality (food services & drinking places are big), Other Services
  • Government (federal, state, local)

Markets watch which sectors are driving the total (e.g., health care and leisure/hospitality often add jobs steadily; manufacturing and retail can be volatile).

3. Wage and Hours Data (Establishment Survey)

  • Average Hourly Earnings (all private nonfarm employees) — month-over-month and year-over-year % change. This is a key inflation signal.
  • Average Weekly Hours worked (total private, manufacturing, etc.).
  • Overtime hours in manufacturing.

Strong wage growth can be hawkish for the Fed (potential rate hikes or delayed cuts).

4. Unemployment Rate and Labor Force Metrics (Household Survey)

  • Official Unemployment Rate (U-3): Unemployed as a percentage of the labor force.
  • Labor Force Participation Rate
  • Employment-Population Ratio
  • Broader measures (sometimes referenced): U-6 (includes underemployed and discouraged workers)
  • Demographic details (by age, sex, race/ethnicity)
  • Part-time for economic reasons, long-term unemployed, discouraged workers

5. Other Notable Elements

  • Annual benchmark revisions — released once a year (usually February/March data) — can revise the entire previous year significantly.
  • Birth-Death Model — statistical adjustment for new business formations and closures not yet captured in the sample.

Seasonal adjustment — all headline numbers are seasonally adjusted to remove predictable patterns (holidays, school cycles, weather, etc.).

Quick Summary of What Traders and Economists Focus on Most:

  1. Headline NFP (jobs added/lost)

  2. Unemployment rate

  3. Average hourly earnings (wage growth)

  4. Revisions to prior months

  5. Sector details (where the jobs are coming from)

 

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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 RBOB (Unleaded Gas)

March Unleaded Gasoline is poised for a challenge of last summer’s high. The original upside PriceCounts off the ‘Liberation Day’ low are still valid. At this point, new sustained highs would project a possible run to the third count to the 2.17 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 February 11th, 2026

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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 Trading this Week PLUS: May Soybean Oil, New Crypto and Bitcoin Contracts, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on February 10th, 2026

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The Week Ahead for Futures Traders!

By Eli Gal Levy, Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4943.73 5021.37 5066.23 5143.87 5188.73

Silver (SI)

— Mar. (#SI)

76.11 79.77 81.77 85.43 87.43

Crude Oil (CL)

— Mar. (#CL)

61.69 63.03 63.95 62.29 66.21

 Mar. Bonds (ZB)

— Mar. (#ZB)

114 17/32 115 115 11/32 115 26/32 116 5/32

Futures Markets: The Week Ahead

futures

Dow, S&P 500 Equal Weight Hit Fresh All-Time Highs, supported by money rotation away from non-tech areas of the market. Selling pressure accelerated, particularly in areas of the market associated with the software industry and cryptocurrency which translates to “risk off”. Money rotated into other areas of the market viewed as relative value/safety play.

Several sectors hit fresh all-time highs this week, such as industrials, materials, energy, and consumer staples, and the S&P Equal Weight index hit a fresh all-time high.

Earnings reports continued to pour in this week, and the eye-popping hikes in capital expenditure *(CapEx) budgets from hyperscalers Google & Amazon generated a lot of buzz this week.

The spending hikes signal confidence in AI, healthy demand, and suggest that the AI infrastructure buildout still has more room to run out of the 291 S&P 500 companies that have reported results, 65% have beat on the top line while 79% have beat on the bottom line.

Revenue growth has been +9.25% year-over-year while EPS growth is tracking at 13.64%. FactSet is currently forecasting blended Q4 EPS growth for the SPX to be approximately 11.9-12.1%, while 2026 EPS growth is expected to be ~14.3-15.0%.

It’s encouraging to see fresh all-time highs in the Dow and S&P Equal Weight indices. On the other hand, ask yourself whether Fridays sharp bounce-back in higher risk areas of the market, like software and crypto, is a legitimate signal of capitulation/seller exhaustion, or whether it’s a short-term oversold bounce that will give in to more selling pressure next week. It’s impossible to know now only time will tell.

We also saw deterioration in labor market data, though markets didn’t seem to react negatively to that news. We’ll get monthly jobs report Wednesday, if payrolls come in well below estimates, or unemployment makes a notable jump, will markets be able to shrug that off?

DOW above 50K; Every sell the news on MAG 7 stocks was absorbed with buying in heavy industrials, financials and value, we saw leadership in staples. If you look at the broad economy stocks such as FedX the stock is up 25% for the year. The market is pointing that it believes that will get a spring higher in broad earnings growth and were gonna run a hot economy. The question is whether the market priced that in yet or not.

RSI, was at 20 for Gold, Silver, MSFT, ORCL, PLTR. We saw the bottom for now the question is what happens with this rally and how to play it?

What happened in the futures commodity markets this week

  • Oil prices were volatile: Earlier in the week Brent and WTI crude climbed sharply (~3%) on heightened Middle East geopolitical risk as U.S.–Iran tensions flared, with markets pricing potential supply disruptions near the Strait of Hormuz. This supported energy futures mid-week.
  • Then prices slid: As geopolitical tensions temporarily eased, crude futures pulled back from those gains later in the week.
  • Natural gas futures softened: The broader commodity dashboard shows natural gas trading lower on the week, reflecting a pullback from recent volatility.

Precious Metals

  • Silver weakness: Silver futures saw a sharp downturn (~15% on a single session) as investors exited hard assets amid reduced geopolitical risk and a firmer dollar.
  • Gold also pulled back: Gold retraced from recent rally highs, though it remains elevated compared with earlier in the year.

Agriculture Futures

  • Soybeans held strong: U.S. soybean futures extended gains to multi-month highs on Chinese demand optimism, helping grains show relative strength.
  • Corn & wheat mixed: Corn and winter wheat prices faded or traded softer after earlier strength.

Risk Management Is Paramount

  • Elevated volatility and margin requirement hikes in metals underscore the importance of robust risk management.
  • Strong price moves can trigger forced liquidations — especially in leveraged futures accounts.
  • Client action: Encourage stop-loss discipline, volatility-adjusted position sizing.

Fundamentals Remain Mixed Across Sectors

  • Agriculture trades are influenced by seasonal demand, weather, and global supply dynamics — not just macro data. Seasonal patterns are still key catalysts.
  • Natural gas and energy transition metals continue to offer divergent fundamentals vs. crude — they don’t always move together.
  • Client action: Avoid one-size-fits-all commodity themes; analyze sector–specific fundamentals (weather, export demand, policy drivers).

Stay ahead of the curve by following our YouTube channel https://www.youtube.com/@Cannontrading and Facebook page, (20+) Cannon Trading Company Group | Facebook where we are posting frequent video updates to help you navigate the commodity markets.

Software stocks were down big with Anthropic’s recent software news triggered a massive sell-off because their new tools, specifically Claude Cowork, shifted AI from a “writing assistant” to an autonomous agent capable of replacing specialized software. The IGV software ETF is down 24%, I hear analysts saying when companies will report that they are increasing their buy backs that may mark a bottom. the Relative Strength Index hit 14.

My takeaway from this report and the effects it had on software stocks is that ”we need to be ready that at any moment there scan suddenly be breakthrough that will break something and devalue a particular sector”.

On the AI front for 2026, Google and Amazon have announced record-breaking increases in capital expenditures (Capex) to fuel the AI race, largely for data centers and infrastructure. Amazon: Projected to spend $200 billion in 2026, representing a 50.6% increase over its $131.8 billion spend in 2025.

Google (Alphabet): Projected to spend between $175 billion and $185 billion in 2026, effectively doubling (97%–100%+ increase) its 2025 spend of approximately $91.4 billion. Various industries that should benefit from this spend, power companies, data centers grid & the consumer.

The total amount of capx from last year and the next 2 years anticipated from the hyperscalers is around 2 trillion $, which is almost exactly as much market cap that the market lost in software sector since the high in October.

Key Drivers of the Yield Drop. The yield decline was concentrated on Thursday, February 5, after several economic data points suggested the labor market might be cooling faster than expected. Today Monday Feb 8, we saw Bloomberg News report; China urges banks to curb US Treasuries exposure.

The US dollar: scott Bessent said on TV “are we doing the things to create a strong backdrop for the dollar; our tax policy, our trade policy, our deregulatory policy, our energy policy, reasserting our sovereignty in critical minerals are we making the US the best place for capital in the world.

Bitcoin, which was around $83,000 last Friday, hit $60,000 earlier this morning but is snapping back towards $70,000 today. Does fridays “risk on” bounce signal that we hit a capitulation extreme in software/crypto and the near-term low is in place? Of course that’s a possibility, but it’s too early to be sure. Bitcoin: there was a report on CNBC that around 40% of spot bitcoin ETF holders are underwater. There was roughly $1.3 billion in net outflows last week.

AMZN went down 50% 8 times in its first 15 years of existence. Volatility is the name of the game.

Technical Analysis:

$COMP & NDX fell through support this week and the near-term outlook is questionable. Concerned of a bearish confirmation in the $COMP and NDX, meaning that the indices continue to move higher early next week but encounter resistance at the underside of the 100-day SMA or some other resistance level and turn lower; this is technically called a bearish “pullback”. Should that occur, this could broadly dampen investor sentiment, and the selling could spill over into the overall market.

You can view the charts am fallowing this week at – https://www.youtube.com/@Cannontrading

The standout this week is the rollover in market breadth on the CCMP, which has been occurring due to the carnage in software-related companies. Compared to last Friday’s, the SPX breadth declined to 63.44% from 67.27% and the CCMP sank to 43.05% from 48.51%, while the RUT eased to 63.4% from 64.77%.

Economic reports:

  • Monday (Feb. 9): no reports
  • Tuesday (Feb. 10): Business Inventories, Employment Cost Index, Export Prices ex-ag, Factory Orders, Import Prices, Retail Sales
  • Wednesday (Feb. 11): Nonfarm Payrolls, Average Hourly Earnings, Average Workweek, Unemployment Rate, EIA Crude Oil Inventories, MBA Mortgage Applications Index, Treasury Budget
  • Thursday (Feb. 12): Producer Price Index (PPI), Continuing Claims, EIA Natural Gas Inventories, Existing Home Sales, Initial Claims
  • Friday (Feb. 13): Consumer Price Index (CPI)

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions and other financial instruments involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources.

You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. I am registered solely as a commodities broker. Any references, recommendations & information contained in this article are of opinion only, should not be considered investment advice. And do not guarantee any profits.

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Name Exchange Class Exchange Symbol CQG Symbol Size
nano XRP Coinbase Crypto XRP XRP 500 XRP
XRP Coinbase Crypto XRL XRL 10,000 XRP
nano XRP Perp-Style Coinbase Crypto XPP XPP 500 XRP
nano Solana Coinbase Crypto SOL SOL 5 Solana
nano Solana Perp-Style Coinbase Crypto SLP SLP 5 Solana
Solana Coinbase Crypto SLC SLC 100 Solana
nano Ether Perp-Style Coinbase Crypto ETP ETP 0.1 Ethereum
Ether Coinbase Crypto ETI ETI 10 Ethereum
nano Ether Coinbase Crypto ET NET 0.1 Ethereum
nano Bitcoin Coinbase Crypto BIT BIT 0.01 Bitcoin
nano Bitcoin Perp-Style Coinbase Crypto BIP BIP 0.01 Bitcoin

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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May Soybean Oil

May bean oil is extending its rally into a new contract high. The rally has left us extremely overbought and due for a short‑term correction. At this point, if the chart can sustain further strength, we are left with the low‑percentage fourth PriceCount objective to aim for in the 60 area which is consistent with the target on the weekly chart.

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 February 10th, 2026

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Click here for quick and easy instructions.

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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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Presidents’ Day Schedule 2026!!!! Your Important Can’t-Miss 3 Day Calendar for Trading Futures Presidents’ Day Weekend!

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Presidents’ Day 2026 Schedule Below

(please click image for larger/clearer view)

 

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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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Futures Traders: What YOU Need to Know for the Week ahead PLUS: NFP Wednesday, Iran, New Crypto and Gold Contracts, Levels, Reports; Your Weekend Guide of Important Can’t-Miss Need-To-Knows for Trading Futures the Week of February 9th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1277

  • The Week Ahead – NFP Wednesday< Heavy Earnings, Iran

  • Futures 101 – XRP, Solana, 1 ounce Gold & More are Now Available on CannonX

  • Cannon Edge – Your Futures trading Map for the week ahead!

  • Hot Market of the Week – March-May Beans Spread

  • Broker’s Trading System of the Week – SP500 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)

— April (#GC)

4554.63 4764.87 4880.23 5090.47 5205.83

Silver (SI)

— Mar. (#SI)

58.93 67.98 72.95 82.00 86.97

Crude Oil (CL)

— Mar. (#CL)

61.03 62.24 63.41 64.62 65.79

 Mar. Bonds (ZB)

— Mar. (#ZB)

114 23/32 115 4/32 115 19/32 116 116 15/32

What Futures Traders Should Watch This Week

By Ilan Levy-Mayer, VP

futures

The week ahead brings a mix of catalysts that could keep volatility elevated across major futures markets.

Equity index futures may stay choppy as earnings season continues, while key U.S. economic releases—especially the jobs report and ISM data—could influence rate expectations and drive sharp moves in bonds, metals, and currencies.

Keep in mind NFP (Non-Farm Payroll) is due out this Wednesday!

Gold and silver remain sensitive to macro headlines, with recent volatility suggesting more two‑sided trade ahead.

In energies, crude and natural gas continue to react quickly to geopolitical developments and shifting supply expectations.

Bottom line: this is a week where disciplined risk management matters. With multiple market drivers hitting at once, traders should be prepared for fast moves and wider intraday ranges.

Review below some Crypto contracts and new gold contracts!

Name Exchange Class Exchange Symbol CannonX Symbol Liquidity
1-oz. Gold CME 1 Troy Ounce 1OZ M1OZ Very liquid: 10’s of thousands of contracts per day
10-oz. Gold CME 10 Troy Ounces MGC MGC Extremely liquid: 100’s of thousands of contracts per day
XRP CME 50,000 XRP XRP GXRP Illiquid: less than 1000 contracts per day
Micro XRP CME 2,500 XRP MXP GMXP Moderately liquid: 1,000-5,000 contracts per day
XRP CoinBase 10,000 XRP XRP XRL Looks extremely liquid: CoinBase XRP Price Page
Solana CME 500 SOL SOL SLC Moderately liquid: 1,000-5,000 contracts per day: CME Solana Vol. & Open Int.
Micro Solana CME 25 SOL MSL Moderately liquid: 1,000-5,000 contracts per day: CME Micro Solana Vol. & Open Int.

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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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

March-May Bean Spread

The March – May Soybean Spread broke down to a new low where we satisfied the second downside PriceCount objective to the -14.5 area. Now, we are responding with a possible corrective trade higher. At this point, if the chart can resume its break with new sustained lows, the third count would project a possible slide to the -17.75 area.

 Learn more spreads and seasonal patterns in commodity futures HERE

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

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

Learn more at www.qtchartoftheday.com

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

Brokers Trading System of the Week

Abacus Upside ES Trading System

Market Sector: indices

Markets Traded:   ES- Mini SP500

System Type: Swing Trading

Risk per Trade: varies

System Description: An ES swing trading system currently traded by the developer who has 15+ years’ experience. All stock indexes trend upwards over the long term but with some significant daily declines and occasional longer bear markets. The system seeks to take advantage of this bias by actively entering on those days when the upside probability is increased whilst filtering out as many downward movements as possible.

The system logic has historically been very effective in achieving this outcome in both normal rising markets and by catching the frequent upward “bounce” days in more volatile periods. It trades long only and relatively frequently but generally only holds positions for 1-2 days. For greater diversity and smoother returns trade this system with: (1) Abacus Raider NQ; and/or (2) Abacus Momentum.

Broker’s Suggested Capital: $28,000

Developer Fee per contract: $175.00 Monthly Subscription

Get Started

Learn More

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Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

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 Feb. 9th, 2026

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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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Automated Trading Systems, Algos, and You PLUS: March Feeding Cattle, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on February 5th, 2026

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Diversification with Automated Algos

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4736.57 4851.63 4982.77 5097.83 5228.97

Silver (SI)

— Mar. (#SI)

78.38 82.78 87.40 91.80 96.41

Crude Oil (CL)

— Mar. (#CL)

61.58 62.96 64.25 65.63 66.92

 Mar. Bonds (ZB)

— Mar. (#ZB)

114 2/32 114 10/32 114 18/32 114 26/32 115 2/32

automated trading system

General:

In past Cannon Trading Co. Newsletters (Fri.) and daily blogs, we’ve shared information on the subject of algorithms / automated trading systems. Today’s blog continues on the subject and introduces (re-introduces in one case) a broad selection of systems available on our site and focuses on three in particular.

This link will take you to the page on our web site where you’ll find performance rankings for thirty automated trading systems, divided into three groups based the systems’ necessary account size.

The names of each system are links to detailed information about each of them, including suggested capital requirement, monthly and life-of-system results, drawdowns, etc. – down to every trade each system has made. All their results are real money traded results; not hypothetical, not simulated – and they factor in the monthly fee for the system and commissions.

Below are details of three systems among them and worthy of consideration.

Abacus Upside RTY Trading System: trades the E-mini Russell 2000 stock index futures

This system trades from the viewpoint that all stock indexes trend upwards over the long term but with some significant daily declines and occasional longer bear markets. The system seeks to take advantage of this bias by actively entering on those days when the upside probability is increased at the same time filtering out as many downward movements as possible. The system logic has historically been very effective in achieving this outcome in both normal rising markets and by catching the frequent upward “bounce” days in more volatile periods. It trades long only and generally holds positions for 1-2 days. The system has been tracked since May ’25. It has traded as few as one or two trades in a month (Sept. ’25) to as many as eight to 10 trades in a month (Oct., Nov. ’25).

These results are based on 1 contract, with a starting balance of $19,500. Monthly subscription of $145 and a commission of $10 per round turn along with all fees are included in the profit/loss calculation.

Abacus Upside ES Trading System: trades the E-mini S&P 500 stock index futures

This system trades from the same viewpoint as the Abacus Upside RTY Trading System, which is that all stock indexes trend upwards over the long term but with some significant daily declines and occasional longer bear markets. The system seeks to take advantage of this bias by actively entering on those days when the upside probability is increased at the same time filtering out as many downward movements as possible. The system logic has historically been very effective in achieving this outcome in both normal rising markets and by catching the frequent upward “bounce” days in more volatile periods. It trades long only and generally holds positions for 1-2 days. The system has also been tracked since May ’25 and has not had a single losing month up to Jan. ’26. It has traded as few as one or two trades in a month (May & Sept. ’25) to as many as eight to 10 trades in a month (Oct., Nov. ’25).

These results are based on 1 contract, with a starting balance of $28,000. Monthly subscription of $175 and a commission of $10 per round turn along with all fees are included in the profit/loss calculation.

Edvardus Breakout GOLD Trading System: trades the COMEX 100-oz gold futures

This system is a breakout swing trading strategy. It has passed robustness testing such as walk-forward analysis. Walk forward analysis is a method used to determine the optimal parameters for a trading strategy and to determine the robustness of the strategy. Walk Forward Analysis was presented by Robert E. Pardo in his book “Design, Testing and Optimization of Trading Systems” in 1992 and is widely considered the “gold standard” in trading strategy validation.

The system has been tracked since Oct. ‘24. It has traded an average of six or seven trades per month, with as few as none (Nov. ’24) to twelve (Jan. ’26).

These results are based on 1 contract, with a starting balance of $40,000. Monthly subscription of $250 and a commission $30 per round turn along with all fees are included in the profit/loss calculation.

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.

READ FULL DISCLOSURE HERE

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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 Feeder Cattle

March Feeder Cattle have resumed their rally into a new high where the chart is taking aim at its gap objective and contract high. IF we could sustain further strength, we have open counts to the upside that would be in play.

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 February 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.

Economic Reports

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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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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Futures Market 101, March Heating Oil, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on February 4th, 2026

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Futures Markets Data 101

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4565.90 4769.50 4893.80 5097.40 5221.70

Silver (SI)

— Mar. (#SI)

74.31 79.71 84.40 89.80 94.49

Crude Oil (CL)

— Mar. (#CL)

60.04 62.04 63.13 65.13 66.22

 Mar. Bonds (ZB)

— Mar. (#ZB)

114 1/32 114 12/32 114 19/32 114 30/32 115 5/32

futures market

A good working schedule by exchange family and typical non‑pro screen fees.

Uncovering Monthly Real-Time Market Data Fees for the retail trader

CME Non-Professional Monthly Fees

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The Clearing Firms do collect a usury fee and charge a little more.

For StoneX

NON- PRO Depth of Market         $13.00 per exchange

NON-PRO Bundle -All Exchanges $39.00

NON-PRO Top of Book                    $2.00 per exchange

NON-PRO Bundle Top of Book    $6.00

ICE US                                             $148.00

IronBeam

NON- PRO Depth of Market         $15.50 per exchange

NON-PRO Bundle -All Exchanges $41.00

NON-PRO Top of Book                     $3.00 per exchange

NON-PRO Bundle Top of Book       $9.00

ICE US                                                   $148.00

 

Here is a quick video detailing the difference between level 1 and level 2 data.

S

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.

4310d247 da12 4e0f 9a19 36c1a583f0ef

March Heating Oil

March heating oil satisfied its third upside PriceCount objective and is correcting lower. At this point, IF the chart can sustain further upside, we are left with a low percentage fourth count to aim for in the 3.23 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 February 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.

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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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Triple Lever Stimulus PLUS: Weekly Copper, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on January 22nd, 2026

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2026 is Underway – What’s Ahead?

By Gal Levy, Broker

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Feb(#GC)

4691.53 4759.97 4825.53 4893.97 4959.53

Silver (SI)

— Mar. (#SI)

87.36 89.96 92.74 95.34 98.12

Crude Oil (CL)

— Feb (#CL)

58.59 59.61 60.26 61.29 61.93

 Mar. Bonds (ZB)

— Mar (#ZB)

113 18/32 114 7/32 114 22/32 115 11/32 115 26/32

The “Triple Lever” Stimulus and Economic Resilience from:

www.galtrades.com

triple lever

Historically, new Federal Reserve chairs face an early “test” from the market. Data over the last century suggests that these transitions often coincide with a market correction averaging 15%. While past performance is never a guarantee of future results, it remains a significant historical trend for investors to consider.

The Coordination of Economic Levers

Washington influences growth through three primary levers: fiscal policy (taxes and spending), monetary policy (interest rates), and credit policy (ease of borrowing). Historically, these functioned independently and were often uncoordinated:

  • Fiscal policy followed congressional     cycles.
  • Monetary policy was the domain of an     independent Fed.
  • Credit policy was often the result of     disjointed regulatory decisions.

This year marks a shift. All three levers are currently dialed toward stimulus, reflecting a unified focus by the administration and Congress on accelerating growth ahead of the November midterms.

Analysis from Jan Hatzius (Goldman Sachs)

On a recent Exchanges at Goldman Sachs podcast, Jan Hatzius noted several tailwinds for the U.S. economy:

  • Trade: Tariffs are no longer acting as a     primary drag.
  • Consumer Support: Tax cuts and strong     refunds are bolstering household spending.
  • Business Investment: Firms can now fully     depreciate equipment and plants, providing significant “physical     help” to the business sector.
  • Monetary Policy: Easing conditions are     expected to support a steady growth pace.

Hatzius does not anticipate a meaningful tightening in the labor market. However, he cautioned that a 0.5% increase in the unemployment rate is a historically reliable (though not guaranteed) indicator of an impending recession.

Corporate Health and Sectoral Trends

While GDP remains strong, the National Income and Product Accounts (NIPA) profit report—which covers a broader range of companies than just those on the S&P 500—paints a more nuanced picture. Earnings growth there has been anemic:

  • H1 2025: Growth was in negative territory.
  • Q3 2025: Growth marginally turned positive.
  • 2026 Outlook: Investors are waiting to see     if this recovery gains momentum.

Currently, investors are rotating into cyclicals, industrials, and materials. While manufacturing has faced a “sectoral recession” (as evidenced by the ISM Manufacturing Index), the broader economy’s strength relies on a resilient labor market and robust consumer spending.

Key Indicators to Watch This Week

To gauge the trajectory of the economy and the impact of current policies, the following data points are critical:

  1. Jobs Report: Looking beyond the headline     numbers for the “fine print” on labor participation and wage     growth.
  2. Productivity Data: A key measure of     long-term economic health.
  3. Import/Export Prices: Serving as a proxy     for the ongoing effects of tariff policies.
  4. J.P. Morgan Healthcare Conference: Often a     catalyst for movement in the biotech and pharma sectors.

If the cost of capital continues to decrease, we can expect a significant boost in the housing and automotive sectors, further stabilizing the current expansion.

FUTURES:

1. Equity Futures: S&P 500 (ES) & Nasdaq 100 (NQ)

  • Fundamental: Investors are pricing in a     “perfect growth scenario” driven by the coordination of fiscal     and credit stimulus. However, the NIPA profit report shows that     while public tech giants are thriving, the broader economy’s earnings are     anemic, creating a divergence between the “headline” and the     “foundation.”
  • Technical: The S&P 500 futures recently     tested psychological resistance near 7,000.
  • Support: Immediate support sits at 6,885.      A break below 6,730 would signal a “lower low,”      potentially confirming the 15% historical “New Fed Chair”      correction you mentioned.
  • Resistance: Bulls are pushing for a      sustained break above 7,000 to extend the rally.

2. Interest Rate Futures: 10-Year Treasury Note (ZN)

  • Fundamental: The “Fed Test” is     most visible here. The 10-year yield has jumped to 4.29% (the     highest since August), reflecting market skepticism about the Fed’s     ability to cut rates further while the White House pushes for aggressive     stimulus.
  • Technical: Ultra 10-year futures are     trading in a tight range near 114’085.
  • The Play: Traders are watching the 114.75      level; a failure to hold here suggests that bond markets expect      “higher for longer” rates despite political pressure for      easing.

3. Energy Futures: WTI Crude Oil (CL)

  • Fundamental: Oil is under pressure due to a     projected supply surplus of nearly 4 million barrels per day by the     IEA. While geopolitical risks (like the “Venezuela Shock”)     provide temporary spikes, the fundamental “glut” is the dominant     narrative.
  • Technical: Crude is currently in a bearish     descending channel that began in late 2025.
  • Key Level: It is struggling to hold the $60.00      barrier. A confirmed close below $55.00 opens the door for a slide      toward $49.00, which aligns with a 160-year historical trendline.

4. Metals Futures: Gold (GC)

  • Fundamental: Gold is the star performer of     2026 so far, acting as a hedge against “monetary instability”     and concerns over Federal Reserve independence. Central banks (China,     India, Turkey) continue to be aggressive buyers.
  • Technical: Gold recently smashed through     the $4,550 level.
  • Outlook: It is currently      “overbought” but lacks bearish divergence. Analysts are      targeting the 161.8% Fibonacci extension at $4,712 for the      remainder of Q1.

OUTLOOK:

Fundamental: overall I think the equity market is overbought in the short term. The SPX broke the 50 DMA and closed below the average. In past corrections the 50 DMA was a buying signal, it will be interesting to see how this plays out this time around.

Europe has been lowering short term rates for a while and the long term rates have gone up, will that scenario play out in the US markets as well?

Trading commodity futures, Stocks, ETF, Bonds, Options and any other financial derivative involves a substantial risk of loss.

The information here is of opinion only and do not guarantee any profits. Past performances are not necessarily indicative of future results.

S

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.

ff5fb7f8 1e33 4971 bb98 8054dad588ce

Weekly Copper

Copper prices have tripled since making a bottom in early 2016. Now, the weekly chart is taking aim at its third upside PriceCount objective to the 6.69 area where it would be normal to get a reaction in the form of a consolidation or corrective trade, at least. The low percentage fourth count to the 11.59 area is not shown here for presentation purposes.

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 January 22nd, 2026

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

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Find us on Trustpilot

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

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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