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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.

Weekly Newsletter Issue # 1033 – Trading Resources and more! 12.21.2020

Posted on December 18, 2020December 18, 2020 by Ilan

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PLATINUM Review by Mark O’Brien, Sr. Broker:

This week’s market focus in on a futures contract whose name is derived from the Spanish term platino, meaning “little silver.” This is Platinum, one of the rarer elements in the Earth’s crust (only a few hundred tons are produced annually with 80% of the world’s production coming from South Africa) and one with important applications. This is also a futures contract that has increased in price from ±$600 per ounce last March to ±1050 per ounce as of this typing – a ±$22,500 dollar move.

What’s next for this metal? We think higher prices are in store. Against the backdrop of daily U.S. Covid-19 infection records and incomprehensible CDC projections for the next 3-4 months – and possibly the darkest days of this pandemic, we also are seeing projections of up to 100 million people vaccinated by the end of February and other encouraging statistics related to the ongoing holiday surge in infections rendering people no longer under the threat of illness. Add to that the explosion of Chinese demand for base commodities and our expectation for a continued slide in the dollar, we are camping with commodity bulls and looking up at platinum’s all-time high in 2008 at $2286 per ounce and estimating there is room to continue higher in that direction.

Platinum Futures

To access a free trial to the ALGOS shown in the chart along with other tools, 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

12-21-2020

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Weekly Levels

Economic Reports, source:

www.mrci.com

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.

Gold Daily Chart For Review. Sympathy rally with Bitcoin? & Support and Resistance Levels 12.18.2020

Posted on December 17, 2020 by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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Dear Traders,

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Gold Daily Chart below. Sympathy rally with Bitcoin?

End of the year rally?

Need to see a close above 1900 to get a bit more excited about this one.

Time will tell.

Quick educational tips:

1. Look for high volume markets with a thin spread, so orders are filled quickly and it has high volatility, so there are opportunities for 2 to 4 good trades during the day. The Emini S&P500 Index Future is a good example of this type of market (Each point is worth $50, split into 4 ticks of $12.50 and there are 4 contracts a year, traded on the Chicago Mercantile Exchange).

2. Try to minimize risk to 1% of your capital per trade, then your capital can absorb 100 consecutive bad trades. Even the best systems can expect 20% -40% loosing trades, so the 1% rule gives you room to maneuver.

3. $10-$15k is the minimum recommended risk capital you should have per Emini S&P500 contract traded – then if you lose $1000-$1500 it only represents 10% of you capital, which is recoverable compared to a $3k account where the same loss equals 50% of your account, consequently you are more likely to lose the remainder of your capital rather than recover the loss. If you don’t have the higher risk capital, limit yourself to the MICROS – 1/10th the size.

4. Limit the hours you trade – the more you trade, the more exposed you are to human weaknesses, frustration and more. Just like an athlete you need to preserve your trading (playing) time….

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