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.
The Week Ahead – Memorial Day, Earnings, Middle East Smoke Clearing?
Memorial Day Trading Schedule
Futures 102 – The Daily Briefing – What the Pros Know Before Trading
December Cotton Chart & Outlook
Cannon Edge – Your Futures trading Map for the week ahead!
Trading Levels for Next Week
Trading Reports for Next Week
At A Glance Levels
Instrument
S2
S1
Pivot
R1
R2
Gold (GC)
— June (#GC)
4451.17
4498.13
4535.27
4582.23
4619.37
Silver (SI)
— July. (#SI)
73.64
75.36
76.42
78.15
79.21
Crude Oil (CL)
— July. (#CL)
91.72
94.59
98.62
101.49
105.52
June Bonds (ZB)
— June. (#ZB)
108 21/32
109 1/32
109 8/32
109 20/32
109 27/32
What Futures Traders Should Watch This Week
By John Thorpe, Senior Broker
Memorial Day Monday-Honoring those who have given the ultimate sacrifice, since 1868.
Cannon Trading wishes everyone a safe and memorable holiday weekend!
For all of the energy traders who follow here, some of the standard weekly reports that you count on have shifted. The Tuesday afternoon weekly API Crude Stock change will be Wednesday afternoon,
The EIA Crude Oil stocks report is being moved to Thursday @ 11:00 am, this will be after the normally scheduled EIA Nat. Gas report @ 9:30 am.
For all the Metals and Interest rate traders, please roll out of your June positions to the deferred months. Reason? First notice of delivery is Friday,
As for Data? Core PCE and GDP estimates are worth paying attention to.
Under the Bull or Bear category.
We can trade either side of the market and prepare for volatility. On Tuesday, reach out to your broker for trading ideas. Bull or Bear, you really shouldn’t care.
Is the smoke clearing in the Mid-East and the markets have a renewed sense of confidence?
The energy and metals are swirling in the uncertainty of a lack of resolution in the attempted unwinding of the Iranian nuclear program.
Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.
Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.
That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.
This briefing changes that (100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.
No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.
December Cotton satisfied its low percentage fourth upside PriceCount objective this month. Now, on the correction lower the chart is activating downside counts. The first objective points a possible slide to the 74.78 area.
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.
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.
First Notice (FN), Last trading (LT) Days for the Week:
www.mrci.com
Find us on Trustpilot
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.
Memorial Day Weekend is approaching, and markets will have modified trading hours Monday, May 25h.
Please see some highlights below and click on the image below for full schedule.
July Hogs
July Hogs resumed their break with a new low. If sustained, the second downside PriceCount objective projects a slide to the 98.72 area. A trade below the December reactionary low would formally negate the remaining unmet upside count.
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.
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 22nd
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.
⚡ How a Day Trader Should Use It (Practical Playbook)
1. Start Every Morning with a Bias Map
Tell your client:
“The table helps you decide what side of the market you want to be on, not where to click buy or sell.”
Example from the image:
S&P (EP):
Short-term: ⬆️
Long-term: ⬆️
✅ → Strong alignment → Look for LONGS intraday
Natural Gas (NGE):
Short-term: ⬆️
Long-term: ⬇️
⚠️ → Conflict → Expect chop / quick trades only
2. Trade WITH Alignment = Higher Probability
This is the most important rule:
✅ When BOTH trends agree:
Focus heavily on that direction
Be more patient for entries
Hold winners longer intraday
From the table:
Nasdaq (ENQ): ⬆️ / ⬆️
Soybeans (ZSE): ⬆️ / ⬆️
These are your “A setups” markets
3. When Trends Conflict → Scalp Mode
⚠️ Short-term UP + Long-term DOWN:
Rally = likely resistance
Look for fades or quick longs only
⚠️ Short-term DOWN + Long-term UP:
Pullback environment
Look for dip buys (but not breakouts)
Example:
Crude Oil → short-term up, long-term down
Expect failed breakouts / range behavior
4. Use High/Low Levels as Intraday Targets
The table gives:
30-day highs/lows
52-week highs/lows
These are institutional reference points.
How a day trader uses them:
If price approaches:
30-day high → watch for breakout or rejection
Prior range extremes → profit targets
Example:
ES near 7483.75 (52-week high)
→ If price gets close intraday = big decision zone
5. Combine With Your Entry System (Critical)
The table does NOT replace execution tools.
Day trader should still use:
Order flow / DOM
VWAP
Opening range breakout
Support/resistance
Volume imbalances
The table answers: “Should I be looking long or short today?”
Your execution answers: “Where exactly do I enter?”
6. Filter Markets (Massive Edge)
A lot of traders overtrade.
Use the table to:
Pick 2–4 markets max
Focus only on those with:
Alignment
Strong daily moves
Clean structure
Example shortlist from your image:
ENQ (Nasdaq)
SIE (Silver)
ZSE (Soybeans)
7. Momentum Confirmation (Today’s Change Column)
Strong green + uptrend → continuation likely
Weak / mixed → avoid or reduce size
Example:
Cocoa (CCE): -4.64% → High volatility → great for fast trades but risky
July KC – Chicago Wheat Spread
The July KC – Chicago Wheat Spread activated downside PriceCounts on the correction and has completed the first target near 39. It would be normal to get a near term reaction in the form of a consolidation or corrective trade from this level. If the chart can sustain further weakness, the second count would project a possible slide to the 28 area. It would take a trade below the March reactionary low to formally negate the low percentage fourth upside target.
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.
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 21st
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.
FOMC Minutes + Energy Numbers + NVIDIA earnings tomorrow- Wednesday May 20th!
Add price confirmation workflow for signal-based 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.
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.
The July KC – Chicago Wheat Spread activated downside PriceCounts on the correction and has completed the first target near 39. It would be normal to get a near term reaction in the form of a consolidation or corrective trade from this level. If the chart can sustain further weakness, the second count would project a possible slide to the 28 area. It would take a trade below the March reactionary low to formally negate the low percentage fourth upside target.
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.
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 20th
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.
When I glue all these notes together my conclusion is that the burden will be on the bulls until we speak next week (the trader’s perspective is fade the rally). There is always an if; my if is NVDA — “sell on the news” is what the street says, but in this AI frenzy people are paying crazy forward multiples of sales for new IPOs such as Cerebras, and NVDA has the electricity to send this game into overtime.
Your best bet is to sit this one out until Friday and enjoy the show — let the market show us what’s going on. We don’t always need to get front row seats.
There’s a moment in every cycle when the bond market stops being background noise and becomes the story itself. We are in one of those moments. The G7 government bond yield complex just printed its highest reading in more than twenty years, and Dr. Torsten Slok at Apollo captured the diagnosis cleanly in The Daily Spark this week: this is not a one-factor move.
Energy Inflation
Four forces are pulling in the same direction at the same time — renewed inflationary pressure from elevated energy prices as the Middle East conflict disrupts global oil supply; persistently large government deficits requiring ever-increasing bond issuance; the end of central bank quantitative easing, with the Fed balance sheet potentially shrinking; and investors, finally, demanding higher term premiums and higher inflation premiums in a world that is visibly deglobalizing. None of those four are close to resolution.
As Slok puts it, the era of artificially suppressed yields appears firmly behind us — rates will stay higher for longer, and investors should plan accordingly.
G7
You can see the framework playing out tick by tick. Treasuries breached three levels at once into Friday’s options expiration: the 2-year cleared 4.00%, the 10-year cleared 4.50%, the 30-year cleared 5.00%. The breakouts were not just a U.S. story. Japan’s 10-year JGB printed its highest yield since 1997. The UK 10-year reached levels not seen since 2008. France’s 10-year took out its 2009 high.
When the entire G7 long end moves together like this, it stops being a national story and starts being a regime story. The proximate catalysts were easy to inventory — WTI crude up roughly 10% on the week to about $105 a barrel, no real progress on Iran, hotter-than-expected inflation readings, and the formal handoff to a new Fed Chair. But the underlying engine is what Slok described. The bid that suppressed yields for a decade is gone, and the new buyers want to be paid.
June Natural Gas has not been able to complete any of its downside PriceCounts off the large February leg to date. Now, the chart has activated upside counts and satisfied the first objective to the 3.09 area. If we can sustain further strength, the second count would project a possible run to the 3.27 area.
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.
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.
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.
The Week Ahead – FOMC Minutes, NVIDIA, Middle East
Trading Around Key Economic Reports FREE Online Course!
Futures 102 – The Daily Briefing – What the Pros Know Before Trading
July Soymeal Chart & Outlook
Cannon Edge – Your Futures trading Map for the week ahead!
Trading Levels for Next Week
Trading Reports for Next Week
At A Glance Levels
Instrument
S2
S1
Pivot
R1
R2
Gold (GC)
— June (#GC)
4419.80
4482.10
4576.10
4638.40
4732.40
Silver (SI)
— July. (#SI)
70.79
73.60
78.99
81.81
87.20
Crude Oil (CL)
— June. (#CL)
95.81
98.61
100.02
102.82
104.23
June Bonds (ZB)
— June. (#ZB)
109 17/32
110 3/32
111 4/32
111 22/32
112 23/32
What Futures Traders Should Watch This Week
By John Thorpe, Senior Broker
fomc
Risk-off? Nvidia earnings, FOMC Minutes and a few fed speakers.
This week we have seen new highs and lower lows as the roiling markets are speaking loudly about the world we are living in.
Risk-off psychology in futures and commodity markets usually lasts a few days to a few weeks however, it can stretch to months when the catalyst is macro-level like a growth scare, a dollar spike, a geopolitical shock or a central bank surprise. In 2026, the pattern looks similar: the initial selling can be sharp, however the psychology tends to fade once the market sees either some policy support, clearer demand/supply data or improving liquidity.
Typical Duration
· Initial Shock: 1-2 days for an event driven fear
· A macro reset: 2 weeks to 2 months when traders reprice inflation, rates and growth (fog clears)
· Extended risk-off: several months to multiple quarters if the shock changes the economic outlook or affects major supply chains.
Why Risk-off can persist
When CTA’s trend followers and managed money are forced to de-lever or the dollar and interest rate yields continue to rise, money managers liquidate positions, go into cash and wait for “quiet markets before they put risk back on.
The psychology usually turns when one or a few of these events happen:
· The dollar stabilizes
· Volatility stops rising
· Physical market data show tighter supply than feared
· A geopolitical or weather shock gets priced in fully
The safest assumption is that risk off in futures and commodities is usually temporary but can occur in waves rather than ending in one clean reversal.
Some markets in the commodity universe employ a daily price limit, today was had one in the cotton market.
As of March 2026, the Intercontinental Exchange (ICE) Futures U.S. Cotton No. 2 futures contract has a standard daily price limit of 4 cents per pound (400 points) above or below the previous day’s settlement price.
Here are the key details regarding ICE Cotton daily limits:
Standard Limit: The initial daily price limit is generally 4 cents per pound.
Expansion Mechanism: If any of the first five delivery months settle at the limit, the daily price limit for all contract months expands to 5 cents per pound (500 points) on the next business day.
Maximum Potential Limit: The daily price limit can expand up to a maximum of 7 cents per pound based on, and triggered by, previous days’ limit moves.
Covering your positions with stops ot options can help reduce risks in both bull and bear markets, even if they are short lived.
Is the smoke clearing in the Mid-East and the markets have a renewed sense of confidence?
The energy and metals are swirling in the uncertainty of a lack of resolution in the attempted unwinding of the Iranian nuclear program.
Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.
Plan your trade and trade your plan!
Earnings Next Week:
· Mon. Quiet
· Tue. Home Depot, Keysight technologies, Toll Brothers
· Wed. Nvidia, TJX, Analog Devices, Lowes, Intuit, Target
Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.
That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.
This briefing changes that ( 100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.
No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.
July Meal has extended its rally into a new recent high where the chart is completing it’s second upside PriceCount objective, consistent with a challenge of the November high. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. At this point, IF the chart can break out and sustain new highs, the third count would project a possible run to the $365 area.
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.
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.
First Notice (FN), Last trading (LT) Days for the Week:
www.mrci.com
Find us on Trustpilot
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.
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.
US copper futures made a new all-time high on Tuesday, with support continuing to come from flows of metal to CME warehouses, driven by potential new US tariff policies.
CME warehouse inventories of copper reached a record high yesterday at 624,000 MT. Inventories had reached a prior peak on March 2 at 601,700 just after the February 20 tariff ruling by the US Supreme Court which deemed tariffs under the IEEPA provision to be illegal. A plateau in CME inventories followed for seven weeks until a new high was made on April 22.
The current surge in copper inventories began in January 2025 when they were around 95,000 MT. The expectation that new tariffs would be applied by newly inaugurated President Trump had driven flows toward US-based warehouses in order for copper consumers to be able to buy feedstock without tariffs.
Many of those supplies were drawn from warehouses in China or from the LME, but inventories in those places have been rising as well starting this year.
News regarding tariffs on copper has been difficult to track because developments have changed frequently. After inauguration day, the president issued an Executive Order to conduct a study on the national security implications around copper imports. The study was due by November 22, 2025, but was preempted on July 8, 2025, when the president announced a 50% tariff on all copper imports starting on August 1st.
Prices rallied 66c/lb that day on July 8, or more than 13%, but didn’t advance much more after that. The president later moved to exclude refined copper from the tariffs on July 30th, and that forced prices to drop $1.27/lb within two days, or 22.5%. The spread between the CME-LME had surged and later collapsed based on the two announcements.
The Supreme Court decision striking down the IEEPA tariffs did not close the case on tariffs, which are still subject to implementation under Section 232. Those are considered legal if a Department of Commerce investigation finds that those imports threaten to impair U.S. national security.
A “simplification” of the tariff policy regarding copper was made five weeks ago on April 6, which implements a 50% tariff on articles made almost entirely with copper such as coils, wire and sheets. There are four additional classifications and tariff levels for derivative articles depending on how much copper they contain and whether the copper was made in the US, and they tariff the full value of the product rather than just the copper portion.
Metal-intensive industrial equipment and electrical grid equipment will pay 15% of the product’s value through 2027, when a new set of tariffs on refined copper may be implemented. A decision on those tariffs is expected to be made in July 2026.
With uncertainty about future tariffs still dominant, markets continue to draw the metal to CME warehouses in an attempt to avoid any future levies. That could keep prices supported on a long-term basis, and CFTC data on commitments of traders shows that happening.
There was some liquidation by the managed money group from January to March surrounding the Supreme Court decision, but traders have been moving back into the long side of copper futures since late-March. The net long has risen 28,200 contracts since then or an increase of about 80%.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this chart are of opinion only and do not guarantee any profits.
Past performances are not necessarily indicative of future results.
July/November (N-X) soybean spread
The “widowmaker” in agricultural futures often refers to the high-risk, volatile July/November (N-X) soybean spread. This spread pits the old-crop supply (July) against new-crop supply (November), reacting violently to weather reports, planting acreage, and inventory data, which can lead to significant losses if the market reversals occur.
The July – Nov Bean Spread resumed its break into a new low for the move. The chart is testing support against the lows and approaching the third downside PriceCount objective to the 4 cent area.
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.
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 15th
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.
⚡ How a Day Trader Should Use It (Practical Playbook)
1. Start Every Morning with a Bias Map
Tell your client:
“The table helps you decide what side of the market you want to be on, not where to click buy or sell.”
Example from the image:
S&P (EP):
Short-term: ⬆️
Long-term: ⬆️
✅ → Strong alignment → Look for LONGS intraday
Natural Gas (NGE):
Short-term: ⬆️
Long-term: ⬇️
⚠️ → Conflict → Expect chop / quick trades only
2. Trade WITH Alignment = Higher Probability
This is the most important rule:
✅ When BOTH trends agree:
Focus heavily on that direction
Be more patient for entries
Hold winners longer intraday
From the table:
Nasdaq (ENQ): ⬆️ / ⬆️
Soybeans (ZSE): ⬆️ / ⬆️
Silver (SIE): ⬆️ / ⬆️
These are your “A setups” markets
3. When Trends Conflict → Scalp Mode
⚠️ Short-term UP + Long-term DOWN:
Rally = likely resistance
Look for fades or quick longs only
⚠️ Short-term DOWN + Long-term UP:
Pullback environment
Look for dip buys (but not breakouts)
Example:
Crude Oil → short-term up, long-term down
Expect failed breakouts / range behavior
4. Use High/Low Levels as Intraday Targets
The table gives:
30-day highs/lows
52-week highs/lows
These are institutional reference points.
How a day trader uses them:
If price approaches:
30-day high → watch for breakout or rejection
Prior range extremes → profit targets
Example:
ES near 7483.75 (52-week high)
→ If price gets close intraday = big decision zone
5. Combine With Your Entry System (Critical)
The table does NOT replace execution tools.
Day trader should still use:
Order flow / DOM
VWAP
Opening range breakout
Support/resistance
Volume imbalances
The table answers: “Should I be looking long or short today?”
Your execution answers: “Where exactly do I enter?”
6. Filter Markets (Massive Edge)
A lot of traders overtrade.
Use the table to:
Pick 2–4 markets max
Focus only on those with:
Alignment
Strong daily moves
Clean structure
Example shortlist from your image:
ENQ (Nasdaq)
SIE (Silver)
ZSE (Soybeans)
7. Momentum Confirmation (Today’s Change Column)
Strong green + uptrend → continuation likely
Weak / mixed → avoid or reduce size
Example:
Cocoa (CCE): -4.64% → High volatility → great for fast trades but risky
July KC Wheat
July KC Wheat resumed its rally into a new high where the chart completed its low percentage fourth upside PriceCount objective to the 7.50 area. This suggests we may have come far enough to satisfy this phase of the bull run.
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.
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 14th
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.
Add price confirmation workflow for signal-based 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.
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.
July Copper satisfied its first upside PriceCount objective earlier this year and corrected. Now, the chart is threatening to break out where new sustained highs would project a possible run to the second count to the 7.14 area.
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.
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 13th
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.
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.
