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Category: Future Trading News

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

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

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

Futures Trading Levels for June 29th, 2021

Posted on by Ilan

Cannon Futures Daily Blog

Dear Traders,

Starting today, June 28, 2021, CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.
This enhancement will allow market participants to access liquidity continuously throughout the trading day and manage event risk that occurs during the trading session with greater ease.
Subject to regulatory review and effective June 28, 2021, CME and CBOT will eliminate the 3:15 p.m. – 3:30 p.m. Central Time (CT) trading halt on CME Globex which currently exists for certain Equity futures and options contracts.
The halt was initially implemented to account for transactions conducted via open outcry in the trading pits and is therefore no longer necessary.
June is almost over and just like that next week is 4th of July and the beginning of what we consider “summer trading”…
Summer trading USUALLY = less volume, narrower ranges but also larger moves on certain reports.
Below is a video I put together a few years ago on trading using overbought and oversold conditions – still very valid in m opinion.

 

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To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy/sell, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Futures Trading Levels

for June 29th

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Good Trading

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 it comes to Futures Trading.

Economic Reports, source: 

 www.BetterTrader.co

5cffa6f6 9af3 42ae a278 a02c076a8219

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

Soybean Market Review & Support and Resistance Levels 6.25.2021

Posted on by Ilan

Dear Traders,

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Get Real Time updates and more on our private FB group!
Please note that July grains are slowly getting into delivery period and some of the grains front months are changing. Bean oil active month is now December.
Beans are now November. Wheat is now September.
December corn, Dec. soymeal.

Market Review:

Soybeans futures sitting on decision area. read more…..

Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-25-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

VAREA Signal Trading Alerts; Soybean Chart Review & Support and Resistance Levels 6.24.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!

VAREA Signal Trading Alerts

Directly to your Inbox!
  • A dynamic research tool for Futures traders based on revolutionary algorithmic IP. Experienced management team has combined decades of trading experience with superior programming capability to produce this unparalleled algorithmic trading product.
  • Daily email to traders identifying trading opportunities (signals) on more than 20 specific tickers per a discrete set of rules and conditions/algorithms.
  • Packages are signals only (Basic, $99/month) or signals with execution suggestions by VAREA trading specialists (Premium, $199/month) and get a free month of the Premium product when you sign up. Contact your broker for implementation instructions to get you started.
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8a2d4c87 0a22 4b81 b47c 876bd7e353e4

 

Market Review

Soybeans futures are sitting on what I consider a “junction level”. Price action will determine if the recent sell off is a shift in market bias and the trend is now favoring lower prices OR if this is a support level and simply profit taking.
It is worth noting that most grains are currently in “contango” where front month prices are higher than back months and that by itself presents some interesting spread set ups.
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To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy/sell, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-24-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Grains Front Months Changing, Bitcoin Testing Major Support & Support and Resistance Levels 6.23.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
Please note that July grains are slowly getting into delivery period and some of the grains front months are changing. Bean oil active month is now December.
Beans are now November. Wheat is now September.
Bitcoin futures tested MAJOR chart support level today. So far it held….
Bitcoin Futures Chart
To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy/sell, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-23-2021

Economic Reports, source: 

 www.BetterTrader.co

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

3 Main Types of Trading Days; 30 Year Bond Chart Review & Support and Resistance Levels 6.22.2021

Posted on by Ilan

Dear Traders,

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Get Real Time updates and more on our private FB group!
We started the week with a strong up-trending Monday in equities, crude oil and a strong downtrend in bonds which encouraged me to share the following with you on the different types of trading days:
  • In my opinion there are 3 main types of trading days.
1. The most common day are two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.
2. Strong trending days, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.
3. Slow and/or choppy trading days – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.
  • A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:
  1. Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash/stock market is open)
  2. Mondays have the highest chance for trending days
  3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
  4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
  5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)
  6. Are there other strong trends in other sectors? ( bonds? metals? energies? Dollar index? )
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 it comes to Futures Trading.
Daily 30 yr bonds chart for your review below. I have heard from some clients that they “like the personality of the bonds” better than the ES and NQ. Different dynamics, larger tick size – may be worth your time to follow and try in SIM MODE first.
30 Year Treasury Bond Futures
To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy/sell, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-22-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Big Moves After FOMC; Join our Exclusive Facebook for up to Date Futures News & Support and Resistance Levels 6.18.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
Big moves across the board the day after FOMC.
Strong US $ resulted in weak metals, grains and currencies. Strong bond market and VERY volatile stock index trading.
Nasdaq making all time highs while Dow was down over 500 points at one point.
If you are a member of our FREE Facebook group, you would have had access to the information below BEFORE the day started ( if you are NOT a member, simply visit: https://business.facebook.com/groups/1105191589938254/ ) :
06.17.21 Thursday post FOMC days can see very large moves.
SCO = STOP CLOSE ONLY
MA= MOVING AVERAGE
GOOD MORNING.
FOMC DECISION:
FED FUNDS
NO CHANGE 0 – 0.25%
ASSET PURCHASES PROGRAM of
$120 billion per month remains intact.
2021 INFLATION FORECAST:
UP 1.0%
From 2.4% to 3.4%
Unemployment:
Seen at 4.5% for 2021
3.8% for 2022
THE DEFLATIONARY SPIRAL MAY STILL
BE LINGERING. THAT’S WHY THE INFLATIONARY TRADE ISN’T GAINING ANY TRACTION AND THE FED MAY BE CORRECT
ALGO IS LONG THE US $ AGAIN, WHICH
IS HAMMERING THE GOLD & SILVER.
Chicago
Export Sales 7:30
Jobless Claims 7:30
U S&P
KEY MA 4191.75
LOW yesterday 4190.25
MUST HOLD!
CLOSE BELOW 4191.50 triggers 4156.00
KEY MA 4173.75
Market must hold to
maintain SECULAR Bull TREND.
4173.50 close triggers 4105.00
4063.75 is MASSIVE MA SUPPORT
CRITICAL MA SUPPORT!!
4018.75
MUST HOLD!!
U S&P
ALGO RESISTANCE:
4240.25
4231.50 Buy SCO
4224.00
U S&P Closed 4213.00 -23.50
ALGO SUPPORT:
4194.75
4186.50 Sell SCO
4177.00
U NASDAQ
MA SUPPORT:
13,697.75
MAJOR SUPPORT
13,656.75 *******
KEY MA!!
MUST HOLD!!
A close below damages the Secular Bull trend and triggers 13,470.00
CRITICAL MA SUPPORT
13,422.50 ******
LAST MA 13,418.00
U NASDAQ Closed 13,972.75 -49.00
ALGO SUPPORT:
13,970.25
13,942.50 Sell SCO
13,911.50
13,710.74
13,649.50 Sell SCO
13,578.25
U NASDAQ
FIBONACCI RETRACEMENTS:
14,155.25 to 12,906
38.2% = 13,679
50.0% = 13,531.25
61.8% = 13,384.50
N CRUDE
74.75 is the next OBJECTIVE,
then 80.00 long term.
N CRUDE Closed $72.15 +0.03
N CRUDE
ALGO SUPPORT:
70.65
70.30 Sell SCO
69.91
67.93 Key MA
66.11 CRITICAL MA
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 it comes to Futures Trading.
To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy/sell, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-18-2021

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Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

ES Chart for Review & Support and Resistance Levels 6.17.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
FOMC lived up to it’s hype.
Tight narrow ranges before the announcement and volatile two sided action right before and after.
10 min chart for your review below as well as some insight into the verbiage that is moving the markets:
The Fed keeps benchmark rates and the pace of bond-buying unchanged but the biggest shift is a hawkish tilt to its rate forecasts as Fed median projections show 2 rate-hikes by end-2023 and 7 FOMC members see a hike in 2022…
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To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy/sell, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-17-2021

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Economic Reports, source: 

 www.BetterTrader.co

b7b76ae3 158e 4f56 927f 7fdf9f51f6bb

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Suggestions on Trading During FOMC Days & Support and Resistance Levels 6.16.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
Tomorrow we have FOMC.
The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!
September is now front month for stock indices ( ES, NQ etc.), currencies, financials ( TBonds etc.)
Symbol for Sept. is U.
Example: ESU21
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Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-16-2021

16a80a2b 9724 49f7 8c13 64c222648569

Economic Reports, source: 

 www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

September Contracts Fully Trading & Support and Resistance Levels 6.15.2021

Posted on by Ilan

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
September is now front month for stock indices ( ES, NQ etc.), currencies, financials ( TBonds etc.)
Symbol for Sept. is U.
Example: ESU21
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Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-15-2021

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Economic Reports, source: 

 www.BetterTrader.co

a8a28169 9be3 4347 830d 24a9fd638dea

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter #1054 Trading Signals Directly to your Inbox; Cotton Futures Review & Trading Levels for Week Ahead 6.14.2021

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1054

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Get Real Time updates and more on our private FB group!

VAREA Signal Trading Alerts

Directly to your Inbox!

  • A dynamic research tool for Futures traders based on revolutionary algorithmic IP. Experienced management team has combined decades of trading experience with superior programming capability to produce this unparalleled algorithmic trading product.
  • Daily email to traders identifying trading opportunities (signals) on more than 20 specific tickers per a discrete set of rules and conditions/algorithms.
  • Packages are signals only (Basic, $99/month) or signals with execution suggestions by VAREA trading specialists (Premium, $199/month) and get a free month of the Premium product when you sign up. Contact your broker for implementation instructions to get you started.
Varea1

Market Pick Review for the Week:

Cotton Futures

Cotton futures have been consolidating for the past few weeks after a nice upside move in sympathy with many other commodities.
While July is still the front month, the December contract has higher volume and is the lead month in my opinion.
USDA report was slightly bullish but the market is facing hard time breaking current resistance as we are somewhat in overbought territory.
Weather in Texas will be key. Mainly drought concerns.
Look to buy on breakout BUT preferably on pullbacks. The market is weather sensitive so be careful.
Weekly chart for your review below, click here for larger image and more info.
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To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy/sell, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.
Good Trading

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 it comes to Futures Trading.

 

Futures Trading Levels

6-14-2021

 

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Weekly Levels

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Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

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.