E-Mini: Dow, Nasdaq, S&P 500; Jobs Report, July Hogs: Your 5 Important Need-To-Knows for Trading Futures on June 5th, 2025

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What to Know Before Trading Futures on June 5th

Key points for tomorrow: E-Mini, Jobs Report

By Mark O’Brien, Senior Broker

U.S. stock index futures traded on both sides of the flatline into today’s close of trading with a lack of progress on tariff negotiations and economic data suggesting the uncertainty was taking a toll.

E-Mini

e-mini

At this typing, the E-mini S&P 500 index traded near unchanged, while the E-mini Dow Jones contract dipped ±100 pts and the E-mini Nasdaq pushed up ±67 pts.

Trade News

President Donald Trump stated he expected a call with Chinese leader Xi Jinping this week to discuss trade, though he also suggested it might be an uphill battle. Investors would welcome any thaw in trade relations with China, one of the U.S.’s largest trading partners.

Jobs Report

Meanwhile, investors also await the Labor Department’s monthly jobs report this Friday. The report could be a barometer of how much, if any, businesses are delaying hiring due to tariffs.

On Wednesday, payroll processor ADP said private-sector firms added just 37,000 workers in May, the lowest since March 2023, and well below Wall Street’s expectations of 115,000 workers. April’s tally was also revised down. ADP’s report is sometimes seen as a harbinger of the official government release, though it often misses the mark.

Also on Wednesday, the nonpartisan Congressional Budget Office said Trump’s tax bill will increase deficits by $2.4 trillion over the next decade. Investors and analysts have warned that elevated deficits will lead to higher interest rates, since the U.S. government will need to pay more to attract investors to buy its debt.

Meanwhile, a closely-watched gauge of business activity in the service sector fell below the line that separates growth from contraction in April. ISM’s Services Purchasing Managers Index was at 49.9 in May, the lowest in a year, and a reminder of the impact of trade war uncertainty.

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July Hogs:

July hogs are challenging their contract highs. The chart has upside PriceCounts in place where a breakout into new sustained highs would project a possible run to the first count to the 112.28 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. 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 June 5th, 2025

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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.
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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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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Sierra Charts Futures Platform

When it comes to choosing the best futures trading platform, Sierra Charts stands out as a top-tier solution designed for speed, precision, and customization. Renowned for its professional-grade features, Sierra Chart software caters to a wide range of users—from those just starting to trade futures to seasoned professionals using an institutional trading platform. With extensive capabilities, the Sierra Charts futures platform is your gateway to superior charting, fast execution, and deep market insight.

At Cannon Trading Company, traders using Sierra Charts benefit from a brokerage with more than 35 years of expertise in futures trading. Cannon Trading offers tailored solutions, expert support, and access to multiple elite platforms. For those exploring trading futures seriously, the partnership between Cannon Trading and Sierra Charts provides a great platform option.

What Makes Sierra Charts Great:

Sierra Charts software is a low-latency, high-performance platform built for futures trading. Designed to support high volume trading with hot keys. The platform is equally accessible to retail traders who also want to have some of the best tools for trading and charting.

Key Benefits of the Sierra Charts Platform:

  • Real-time Data: Capture every market movement with real-time and historical tick data—ideal for precise trading futures analysis. Only platform at Cannon Trading that offers free real-time market data through Teton
  • Custom Charting Options: Hundreds of technical studies and custom script capabilities built into the Sierra Charts futures trading platform.
  • Order Flow Mastery: Use TPO- volume profiles, footprint charts, and a deeply configurable DOM to visualize market activity.
  • Lightning-Fast Execution: Direct connectivity and server-side OCO/OSO orders make Sierra Chart software one of the most agile platforms for futures trading.

With support for a wide range of data feeds and brokers, Sierra Charts is more than a charting tool—it’s a comprehensive trading platform that adapts to the way you work.

Try a FREE Demo!

10 Tips to Master Sierra Charts for Trading Futures

Maximize your experience with these expert strategies tailored for the Sierra Charts desktop demo or live environment:

  1. Study-Based Alerts: Use subgraphs to trigger alerts based on technical criteria—perfect for real-time decision-making in trading futures.
  2. Chartbook Management: Organize chartbooks by asset class to streamline performance on your Sierra Charts platform.
  3. Global Drawing Tools: Annotate symbols across all charts—crucial when analyzing multiple timeframes using Sierra Chart software.
  4. Spreadsheet Systems: Build automated strategies without coding using Sierra’s spreadsheet features—a key strength of the Sierra Charts futures platform.
  5. Volume-by-Price Analysis: Uncover high-volume price zones with insights only found on a true institutional trading platform.
  6. Custom DOM Views: Fine-tune your DOM layout to suit scalping or swing strategies—only possible with Sierra Charts.
  7. Replay Mode: Review historical trades to sharpen your edge using the Sierra Charts desktop demo tools.
  8. Attached Orders: Implement advanced order logic such as OCO and OSO to protect your trades on the best futures trading platform.
  9. Hotkey Execution: Set up order entry/exit shortcuts to save time in volatile markets—ideal for high-speed futures trading.
  10. Auto Backup: Prevent data loss with auto-saved chartbooks and settings in Sierra Chart software.

These tips apply whether you’re testing strategies with a Sierra Charts demo or executing trades live via the full Sierra Charts futures trading platform.

Cannon Trading Company: Your Premier Sierra Charts Partner

Sierra Charts Futures Platform

Sierra Charts Futures Platform
Choosing the right broker is just as critical as choosing the right platform. Cannon Trading Company is a top Broker in the industry

✅ Why Cannon Trading Stands Out:

  • Decades of Trust: With over 35 years in the business Cannon Trading has withstood the greatest test-  time
  • Free Access to Sierra Charts: Gain access to Sierra Chart software without platform fees through Cannon’s brokerage solutions. Including free market data through Teton
  • Reputation for Service: Excellent TrustPilot ratings and dedicated broker support enhance your Sierra Charts experience.
  • Regulatory Integrity: Cannon Trading upholds strong compliance standards, creating a safe environment for futures trading. Cannon Trading is registered with the CFTC and NFA
  • Platform Variety: Besides the Sierra Charts platform, Cannon also supports Rithmic, Firetip, CTS T4, and more—solidifying its status as a provider of many of the best futures trading platform options.

Try a FREE Demo!

Combine that with the support of Cannon Trading Company—one of the most experienced names in trading futures—and you have a winning combination. Try the Sierra Charts demo, explore the capabilities of the Sierra Charts desktop demo, and experience firsthand why this platform is repeatedly chosen as the best futures trading platform on the market.

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

Drawdowns, ISM, EIA Energy, Beige Book; Your 4 Important Need-To-Knows for Trading Futures on June 4th, 2025

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Drawdowns

ISM, EIA Energy, Beige Book

By John Thorpe, Senior Broker

Relatively quiet day in most futures markets today,

Not much regularly scheduled economic or earnings news tomorrow with a glint of fed speakers, only 2.

The Drawdown

drawdown

Rather than doing a market recap today below is a brief I put together regarding drawdowns and the psychology of drawdowns: In my opinion, they are not a bad thing, in fact I believe that drawdown periods are a very sane and good thing for any solid strategy. Drawdown periods are very efficient to shake out weak traders from the strategy while smarter traders can pick up their money (which is the name of the game after all). The time that passes since the first equity high until we reach a new equity high is the drawdown period. So, a drawdown period has two dimensions:

The drawdown depth and the drawdown length.

Most people care about the drawdown depth as this is what is easier to see on back tests. However, the human the brain is much more affected by drawdown length. During live trading, it is easier to deal with a 10% drawdown for one week than with a 5% drawdown for five months.

  • Detailed statistical information about the strategy: Expected profit, expected drawdown, maximal drawdown depth and length, average win percentage, reward to risk ratio, …
  • Different scenarios and the actions to take (if any): intense and/or deep drawdown periods and what to do (or do nothing), whether to trade during Christmas time or summertime, whether to keep open positions during weekends or not, what to do after a losing year (or do nothing), funding and withdrawing plan, …
  • A very clear worst-case scenario: it is basically the “line in the sand” where we know that the strategy has lost it’s edge and something must be done (stop trading the strategy, adapting parameters, …). There are many ways to calculate it (double the max historical drawdown, using Montecarlo simulations, using regression lines multiplied by x times the standard deviation on the equity curve, …). In the end it is a number. The important thing is to have it written in the trading plan.

When facing a problem that generates pain or panic such as a sudden deep drawdown, most of the time, when analyzed with rigor and care, the problem is not so important, and everything is within expected statistics. You will see that there were many periods in the past with similar characteristics.

Market volatility is here to stay for the foreseeable future with its ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal (pre tariff talk normal)

Tomorrow:

Econ Data:  ISM Services PMI, EIA Energy

FED Speak: 2

Earnings: Dollar Tree

Tariff news: Anything goes!

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July Wheat – Corn Spread

It took a couple of attempts but the July wheat – corn spread has decisively broken out above the extended downtrend, and activated upside PriceCounts objectives in the process. The first count projects a possible run to the $1.20 area.

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

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

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

Daily Levels for June 4th, 2025

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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 Eastern Time (New York)

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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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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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RTrader Pro/Rithmic Futures Platform

When it comes to choosing the best futures trading platform, traders need a Broker that offers robust technology, institutional-grade performance, and personalized service. Cannon Trading Company stands out as a premier destination for futures traders by delivering all of these and more. One of Cannon’s offerings is the RTrader Pro Futures Trading Platform, powered by the reliable Rithmic infrastructure—known for its low-latency, high-performance architecture. Whether you are new to futures or a seasoned professional, Cannon Trading’s expertise and support make the Rithmic futures platform not just accessible, but optimized for your trading success.

Try a FREE Demo!

Powering Performance: Rithmic Technology via Cannon Trading

At Cannon Trading, —you gain access to an elite-level ecosystem that leverages the full potential of RTrader Pro, Rithmic desktop, and Trader/Rithmic integrations. The Rithmic platform is trusted by professional prop firms and high-frequency traders for its ability to deliver precise execution and real-time data with minimal latency. Thanks to Cannon Trading’s seamless onboarding and expert support, accessing the Rithmic desktop demo or transitioning to live trading has never been easier.

Rithmic: An Ecosystem Built for High-Performance Futures Trading

The Rithmic system is a versatile architecture made possible by Rithmic’s cutting-edge APIs and exchange connectivity. Cannon Trading enhances this by providing direct guidance and brokerage support tailored to the Rithmic model. Whether you’re using the Rithmic desktop demo for practice or deploying algorithmic strategies on the Rithmic platform, you’ll find that Cannon Trading will support your needs.

RTrader Pro—a feature-rich platform that offers everything from customizable market depth to real-time P&L and trade analytics. Cannon Trading’s close collaboration with Rithmic ensures that every trader using the RTrader Pro Futures Trading Platform enjoys optimal reliability, performance, and customization.

Exclusive Features That Set Cannon Trading Apart

  1. Ultra-Low Latency via the Rithmic Network
    Cannon Trading maximizes the capabilities of the Rithmic futures platform, offering lightning-fast order routing across exchanges like CME, CBOT, and NYMEX. The Rithmic connection ensures you are never behind the curve—ideal for scalpers and algo traders.
  1. Direct Market Access (DMA) and Advanced Execution
    Through Cannon’s provision of the RTrader Pro interface, you gain full DMA to global futures exchanges. Coupled with the Rithmic desktop interface, you experience direct, institutional-grade order flow and transparency.- never heard of it
  1. Professional Risk Management
    Cannon’s integration with the RTrader Pro Futures Trading Platform includes sophisticated risk control tools and real-time position management. You are able to set loss limit and auto liquidation functions based on balance or percentage of the account.
  1. Simulation and Strategy Testing with Rithmic Desktop Demo
    Cannon clients benefit from a full Rithmic desktop demo environment, where they can simulate live markets using real-time data and latency profiles. It’s a perfect training ground before deploying real capital via the RTrader Pro interface.
  1. Multi-Platform Integration
    From Sierra Chart to MultiCharts and NinjaTrader, the Rithmic platform via Cannon Trading integrates seamlessly across top-tier tools. You can plug into the Trader/Rithmic infrastructure with the freedom to use the analysis software that fits your style.

Try a FREE Demo!

Built for All Types of Futures Traders

Cannon Trading ensures that every trader—regardless of experience level—gets the most out of the RTrader Pro Futures Trading Platform:

  • Day Traders benefit from low-latency execution and visual clarity using RTrader Pro and Rithmic desktop.
  • Algorithmic Traders utilize the powerful backend of Rithmic, enhanced by Cannon’s expert support and tech guidance.
  • Prop Traders and Institutions gain account segregation, real-time compliance monitoring, and robust analytics via Trader/Rithmic.
  • New Traders can practice and experiment confidently with the Rithmic desktop demo, supported by Cannon’s personalized training and resources.

Why Choose Cannon Trading Company?

Rithmic Futures Platform

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Cannon Trading isn’t just a broker; it’s your trading partner. With decades of experience and a firm commitment to client success, Cannon enhances the RTrader Pro Futures Trading Platform by offering:

  • Personalized onboarding and training on RTrader Pro and Rithmic desktop.
  • Access to demo environments like the Rithmic desktop demo for education and testing.
  • Dedicated account reps to help you optimize your use of the Rithmic futures platform.
  • Institutional-grade infrastructure delivered to independent traders through the Trader/Rithmic model.

When you choose Cannon, you’re choosing excellence, expertise, and execution—all powered by the leading Rithmic platform technologies.

For futures traders who demand performance, flexibility, and professional-grade tools, there is no better choice than Cannon Trading Company. By providing direct access to the RTrader Pro Futures Trading Platform, supporting simulation via the Rithmic desktop demo, and enabling elite-level trading with the Rithmic platform, Cannon Trading is the broker that makes a real difference.

Step into the world of advanced trading today with the Trader/Rithmic ecosystem—available now through Cannon Trading. Elevate your futures trading experience with the best tools and the most trusted support in the industry.

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

First Notice/Last Trading Day; Your 2 Important Need-To-Knows for Trading Futures going into June 2025

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Fist Notice and Last Trading Dates for June.

first notice

Below are the contracts which are entering First Notice or Last Trading Day for June.

Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.

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Daily Levels for June 3rd, 2025

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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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Non-Farm Payrolls, Tariffs, Earnings; Your 3 Important Need-To-Knows for Trading Futures The Week of June 2nd, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1244

  • The Week Ahead – Non-Farm Payrolls, Earnings, Tariffs

  • LIVE, FREE Demo for Futures & Options

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

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Non-Farm Payrolls

non-farm payrolls

A full week ahead and as nearly always, the 1st Friday of the month brings an impactful data set to the markets. Non-Farm Payrolls (NFP).This week will also feature the last week of Fed speakers until after the FOMC Rate announcement 8 business days following this upcoming weekend, known as the blackout period. Light earnings, only 149 reporting as we are in the 9th inning of this game.

Tariffs

tariffs

More volatility to come as next week all markets will be reacting to whatever comes out of the U.S. Govt leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations with periodic choppiness as the administration Vs the Courts seem to be in the middle innings of their tariff battle.

Earnings Next Week:

  • Mon. Credo
  • Tue. HP, Dollar General, Crowdstrike
  • Wed. Dollar Tree
  • Thu. Broadcom, LuLuLemon
  • Fri. ABM industries

FED SPEECHES: (all time CDT)

  • Mon.     Logan 9:15 am CT, Goolsbee 11:45 am CT
  • Tues.     Goolsbee 11:45 am CT, Logan 2:30 pm CT
  • Wed.     Bostic 7:30 am CT
  • Thu.      Harker 12:30 pm CT,
  • Fri.       None

Economic Data week:

  • Mon. ISM mfg. PMI
  • Tue. RedBook, JOLTS, Factory Orders,RCM/TIPP Econ Optimism Index,
  • Wed. ADP, PMI Final, ISM Services, EIA Crude Stocks, Beige Book,
  • Thur. Challenger Job Cuts, Continuing claims, EIA Nat Gas storage
  • Fri. Non-Farm Payrolls, Used Car prices.

Free Demo: Live Data, Streaming Charts

Introducing the newest trading platform to our already prominent selection: CannonX

  • Cloud-based and compatible with Windows and MacOS
  • Top-of-the-line tradable charts with abundant indicators and drawing tools
  • Option quotes display for all expirations and including all “Greeks.”
  • Quote programmability for straight futures and options as well as futures and option spreads, including multi-leg/complex options spreads.
  • Depth-of-market display at your fingertips for any of the position types listed aboveFull, easy-to-read account information display

START YOUR DEMO NOW

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Trading Levels for Next Week

Daily Levels for June 2nd, 2025

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Would you like to receive daily support & resistance levels?

Before Your next Trade, learn to recognize charts and patterns!

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Trading Reports for Next Week

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

www.mrci.com

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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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Volatility in Gold Options; Your 2 Important Need-To-Knows for Trading Futures on May 30th, 2025

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Gold Options Volatility
gold

Gold Options

Within the gold market, one story that has made the rounds is the premium of historical volatility to implied volatility that has appeared since April 2. CME’s, Rich Excell’s latest report looks at an options straddle with a Tuesday expiration in June.

Rich aims to cover the cost of the straddle by making the daily time decay, or theta, by gamma-scalping the straddle. Read the full report for more details. 

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August Gold Weekly Chart Below

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Daily Levels for May 30th, 2025

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Click here for quick and easy instructions.

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Economic Reports

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All times are Eastern Time (New York)

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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

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Trading Futures: Financial, Energy, Softs – Your 3 Important Need-To-Knows For Trading Futures on May 29th, 2025

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What to Know Before Trading Futures on May 29th

Key points for Trading Futures Tomorrow:

By Mark O’Brien, Senior Broker

trading futures

 

Trading Futures – Financial:

Minutes of the May 6-7 Federal Reserve policy meeting were released today and officials signaled concern that large tariff hikes would push up prices and could risk stoking higher inflation. Policymakers largely agreed that heightened economic uncertainty and increased risks of both higher unemployment and inflation warranted no change in their wait-and-see policy stance. Investors in interest-rate futures markets expect the Fed will hold rates steady through the summer.

Trading Futures – Energy:

Oil prices gained more than 1% today on supply concerns as OPEC+ agreed to leave their output policy unchanged and as U.S. barred Chevron from exporting Venezuelan crude.

Investors anticipated members of OPEC+ would agree to a production increase later this week.

Still, July crude oil futures have remained range bound between $60 and $63 per barrel for the last two weeks and well below its 100-day moving average near $66.20.

July natural gas prices slumped mid-session today with it’s the latest threat from the July contract to move through its 200-day moving average near $3.53.  A break below could open the door to further losses, with downside risk extending to $3.444 and possibly $3.338 in the short term.

Trading Futures

 

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The near-term weather outlook remains a bearish overhang. Forecasts through June 3rd call for cooler temperatures across the eastern half of the U.S., including Texas and the South, dragging national demand lower.

Softs:

July sugar futures settled down 0.32 to 16.90 cents per pound, the lowest price since mid-January.

Daily Levels for May 29th, 2025

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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.
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Economic Reports

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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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FOMC Minutes, NVIDIA Earnings, July Rough Rice; Your 3 Important NEED-TO-KNOWS for Futures Trading on May 28th, 2025

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FOMC Minutes, NVIDIA

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By John Thorpe, Senior Broker

CME is in the process of initial margin reduction.

The Initial margin for the ES is now just 23,996.50 approx. $1000 less than last week.

An important data day tomorrow: 

FOMC Meeting Minutes and NVIDIA earnings release.

From the wires today:

An upbeat earnings report by Nvidia Corp. would bode well for a rally in US equities as investors have about $7 trillion parked in cash funds, according to BBVA strategists.

Institutional positioning in the US technology sector is “undemanding” with hedge funds and mutual funds still substantially underweight, strategist Michalis Onisiforou said. Exposure of trend-following Commodity Trading Advisors (CTA) to the broader stock market is also neutral, while volatility control funds have plenty of room to add to risk, he said.

“With the institutional length in equities far from exuberance levels,” Onisiforou said the setup favors higher exposure to stocks

Market volatility is here to stay for the foreseeable future with its ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal (pre tariff talk normal)

Tomorrow:

Econ Data:  Dallas, Richmond, Redbook and FOMC minutes.

FED Speak: 2

Earnings: NVIDIA

Tariff news: Anything goes!

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July Rough Rice

July rice stabilized its extended decline after satisfying its fourth downside PriceCount objective last month. Now, the chart has activated upside counts on the recovery and completed the first objective to the 1344 area.

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

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

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

Daily Levels for May 28th, 2025

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Click here for quick and easy instructions.

Economic Reports

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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 Platform – Sierra Charts

Sierra Charts is consistently ranked among the best futures trading platforms on the market today. With a reputation for precision, performance, and deep customization, Sierra Chart software offers traders a reliable and powerful experience. Whether you’re just stepping into the world of trading futures or are already immersed in the professional landscape, Sierra Charts caters to every level of need with robust and scalable features.

At Cannon Trading Company, traders will find the perfect complement to Sierra Charts. With decades of futures trading expertise, hands-on client support, and cost-effective solutions, Cannon Trading stands out as the ideal brokerage partner for those who rely on Sierra Chart software for success.

Sierra Charts: An In-Depth Look

Sierra Chart software is engineered for high-performance futures trading, with ultra-low latency, real-time data, and advanced analytics. It’s trusted by both retail and institutional traders due to its professional-grade toolkit and seamless operation. More than just a charting application, Sierra Charts functions as a complete institutional trading platform, meeting the needs of a wide variety of trading styles.

Key Features and Benefits

  • True Tick-by-Tick Data: Delivers incredibly accurate historical and real-time data.
  • Custom Charting Tools: Includes hundreds of indicators and supports complex scripting.
  • Order Flow Visualizations: Advanced tools such as volume profiles, DOM, and footprint charts.
  • Fast Execution: Server-side bracket orders and direct connections to top-tier data feeds.
  • Limitless Customization: Nearly every interface and charting element can be configured.

This unparalleled level of detail and adaptability makes Sierra Charts not just one of the best retail futures trading platforms but also a reliable institutional trading platform for high-volume trading

Try a FREE Demo!

10 Advanced Tips for Sierra Charts Users

Here are 10 valuable tips to help you get the most out of Sierra Chart software:

  1. Study Subgraph Alerts Configure conditional alerts using study subgraphs to spot critical trade setups in futures trading. This feature is perfect for catching price reactions in real time.
  2. Organize Chartbooks Strategically Divide your workspace by market types, such as metals or energy. This structure enhances performance and usability, especially when using Sierra Charts for trading futures across different sectors.
  3. Leverage Global Drawing Tools Annotate key levels and have them appear across all charts of the same symbol. This is crucial for traders analyzing multiple timeframes in Sierra Chart software.
  4. Spreadsheet Systems for Strategy Building Use built-in spreadsheet functions to develop strategies without coding. Many professional traders find this tool invaluable for testing futures trading hypotheses.
  5. Apply Volume-by-Price for Depth Insight Use the volume-by-price study to uncover trading zones. Sierra Charts’ capacity to analyze order flow makes it an institutional trading platform trusted by professionals.
  6. Customize Trade DOM for Speed Modify the Trade DOM with custom layouts to suit your strategy. High-frequency traders will especially appreciate this flexibility when trading futures rapidly.
  7. Use Replay Mode for Analysis Recreate past markets using replay mode. This tool helps traders review trades and improve skills using Sierra Chart software in a realistic setting.
  8. Implement Attached OCO and OSO Orders Use One-Cancels-Other (OCO) and Order-Sends-Order (OSO) to automate risk management. These tools are standard on any institutional trading platform.
  9. Set Hotkeys for Order Actions Customize keyboard shortcuts for quick trade execution. For those using the best futures trading platform during fast markets, speed is critical.
  10. Enable Auto Backups Protect your chartbooks and templates by enabling automatic backups. Sierra Charts ensures your trading environment is secure and recoverable.

Try a FREE Demo!

Partnering with Cannon Trading Company

Partnering with Cannon

Partnering with Cannon

Cannon Trading Company enhances the Sierra Charts experience by offering traders robust support and exclusive advantages. Here’s what makes Cannon Trading a top Brokerage partner
✅ Experience You Can Trust
Registered for more than 35 years in Futures Industry. Cannon Trading offers years experience and  depth of knowledge. Their team understands the intricacies of Sierra Chart software and supports users from onboarding to strategy refinement.
✅ Complimentary Access to Sierra Charts
Unlike many brokers, Cannon Trading provides free access to Sierra Charts as part of its platform offerings. This makes it one of the best futures trading platform arrangements for cost-conscious professionals.

✅ Outstanding Reputation
Rated highly on TrustPilot, Cannon Trading is known for responsive support and personalized service. This commitment extends to all aspects of trading futures through their extensive list of platform offerings

✅ Regulatory Transparency
Cannon maintains a strong compliance record, offering peace of mind to clients who demand professionalism from their institutional trading platform.

✅ Platform Versatility
Beyond Sierra Chart software, Cannon offers access to platforms like CQG, Rithmic, and Firetip. This ensures traders have access to the best futures trading platform for their unique needs.

Enhanced Functionality for All Traders

Sierra Charts offers instutional traders and retail traders alike. With scalable features and straightforward interface options, newer traders will also find Sierra Charts to be an ideal environment for learning and executing futures trading strategies. The software supports simulation modes, practice trades, and deep learning opportunities, making it accessible even for those just beginning to explore trading futures.

Additionally, the support for external data feeds and broker connectivity makes Sierra Charts one of the few platforms that bridge the gap between retail and institutional trading platform environments. They also offer free real-time market data through Teton. This dual appeal ensures that users can evolve without changing software, making it a top contender for the best futures trading platform.

Whether you’re trading futures part-time or engaged full-time in institutional trading, Sierra Charts delivers the performance, flexibility, and reliability required in a fast-paced market. Paired with Cannon Trading Company, traders gain access to Sierra Chart software and a comprehensive support network that enhances their results.

With the right tools and the right partner, every futures trading journey becomes more focused, more informed, and ultimately more successful. Sierra Charts, coupled with Cannon Trading, stands as a formidable choice for anyone seeking the best futures trading platform!

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.

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