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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.

Christmas Holiday Futures Trading Schedule 2014

Posted on by Ilan

Christmas Holiday Schedule 2014


Equity Products

Wednesday, Dec 24

1215 CT / 1315 ET / 1815 UTC – Early close

Thursday, Dec 25

Christmas Day Observed – Globex close

1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

 Friday, Dec 26

 1615 CT / 1715 ET / 2215 UTC – Regular close

Interest Rate & FX Products

 Wednesday, Dec 24

 1215 CT / 1315 ET / 1815 UTC – Early close

 Thursday, Dec 25

Christmas Day Observed – Globex closed

1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

 Friday, Dec 26

 1600 CT / 1700 ET / 2200 UTC – Regular close

Energy, Metals & DME Products

Wednesday, Dec 24

1245 CT / 1345 ET / 1845 UTC – Early close

Thursday, Dec 25

 Christmas Day Observed – Globex closed

 1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

Friday, Dec 26

1615 CT / 1715 ET / 2215 UTC –Regular close

*Dates and times are subject to change 1 Last updated 12/9/2014Globex® Christmas Holiday Schedule

Grain, Oilseed & MGEX Products

 Wednesday, Dec 24

 1200 CT / 1300 ET / 1800 UTC – Early close

 1215 CT / 1315 ET / 1815 UTC – Early MGEX Wheat & Apple Juice close

 1230 CT / 1330 ET / 1830 UTC – Early Mini-Sized grain close

 1230 CT / 1330 ET / 1830 UTC – Early MGEX Indices close

Thursday, Dec 25

Christmas Day Observed – Globex closed

Friday, Dec 26

 0700 CT / 0800 ET / 1300 UTC – MGEX Apple Juice open

 0830 CT / 0930 ET / 1430 UTC – Grain, Oilseed & MGEX products open

Regular Close – Per each product schedule

Livestock, Dairy & Lumber Products

Wednesday, Dec, Dec 24

 1200 CT / 1300 ET / 1800 UTC – Early close for Dairy futures & Options

 1200 CT / 1300 ET / 1800 UTC – Early close for Lumber Futures

 1202 CT / 1302 ET / 1802 UTC – Early close for Lumber Options

 1215 CT / 1315 ET / 1815 UTC – Early close for Livestock Futures & Options

Thursday, Dec 25

Christmas Day Observed – Globex closed

Friday, Dec 26

 900 CT / 1000 ET / 1500 UTC – Lumber market open

 800 CT / 900 ET / 1400 UTC – Livestock markets open

 905 CT / 1005 ET / 1505 UTC – Dairy markets open

Regular Close – Per each product schedule

  Continue reading “Christmas Holiday Futures Trading Schedule 2014”

Economic Reports & Futures Levels 12.18.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday December 18, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Our blog is nominated for the STAR award once again!

Trader Planet Competition
Trader Planet

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

And the volatility continues…..between FOMC, craziness in crude many of the commodity markets experienced some extreme volatility these past few weeks….

Be careful. These are different market conditions and high volatility may require you to adjust your stops based on volatility, may require you to adjust your entry techniques and in general will require you to do some home work, look at previous periods of similar volatility and adjust your trading accordingly.

This may be a “stupid example” but will serve the purpose:

If 2 months ago you were trading the mini SP and 3 point stop was sufficient for your method and entries, I can almost say with 99% confidence that it will not work during this period of volatility as the market can move 3 points in 15 seconds and take you out very quickly just to go back to where you thought it would.

Do your homework. Trading is NOT easy to say the least and markets evolve and change all the time. Markets also go from periods of lower volatility to higher volatility etc.

If I can be of help – let me know and best of trading to everyone.

Continue reading “Economic Reports & Futures Levels 12.18.2014”

Economic Reports & Futures Levels 12.17.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday December 17, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Our blog is nominated for the STAR award once again!

Trader Planet Competition
Trader Planet

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, Dec. 17th ).

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are 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 1965.00 with a stop at 1959.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1959.75 and place a stop a few points below in this hypothetical example.
  • 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.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined

Continue reading “Economic Reports & Futures Levels 12.17.2014”

Economic Reports and Futures Levels 12.16.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday December 16, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Our blog is nominated for the STAR award once again!

Trader Planet Competition
Trader Planet

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

WOW…December is turning out to be an extremely volatile month so far!

Much on the heels of the wild sell off in Crude Oil but nonetheless….

Quick update on some of the news behind the price action below:

TradeTheNews.com Weekly Market Update: Risk Off Resurfaces

Volatility made a big comeback this week as the S&P500 index saw its first weekly loss in two months and the crude meltdown showed no signs of letting up. After two solid months of declining oil prices, the more than 10% drop in WTI futures this week, from $65 to below $58/barrel, finally triggered some significant risk-off behavior over deflation concerns. Most market watchers continue to tout the economic benefits of lower oil prices, but the speed of the decline has become unsettling. The jittery market largely ignored more strong US economic data, including excellent November retail sales and a 7-year high in the University of Michigan confidence reading, and gave more weight to ugly European industrial production and CPI data. In China, the November CPI and PPI inflation readings were concerning, with CPI hitting a five-year low, while additional economic and political reports cemented the expectation that China will reduce its official growth target for 2015. The DJIA had its worst week since late 2011, dropping 3.7%, while the S&P500 fell 3.5% and the Nasdaq lost 2.7%.

US Treasury yields have seen a notable contraction this week. On Friday, the 30-year UST ended around 2.74%, the lowest weekly close since the end of 2012. The yield on the 10-year UST fell as low as 2.09% (Recall that during the height of the Ebola angst in mid-October, the 10-year and 30-year yields briefly dipped as low as 1.86% and 2.67%, respectively). Spreads have narrowed as short-dated yields climbed in preparation for Fed tightening, further flattening out the yield curve.

Continue reading “Economic Reports and Futures Levels 12.16.2014”

Futures Levels & Economic Reports 12-12-2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday June 13, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

FRONT MONTH for stock index futures is now March 2015 (H5).

Make sure you are trading the March 2015 contract (H5).

Our blog is nominated for the STAR award once again!

Trader Planet Competition
Trader Planet

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

I did an analysis of the major indices for equities.com along with charts and levels to watch over the next few days/weeks.

Visit:

http://www.equities.com/editors-desk/economy-markets/looking-at-stock-index-futures-for-clues-as-2014-comes-to-a-close

Continue reading “Futures Levels & Economic Reports 12-12-2014”

Rollover for Index Futures & Economic Reports 12.11.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday June 13, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

FRONT MONTH for stock index futures is now March 2015 (H5).

Make sure you are trading the March 2015 contract (H5).

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Continue reading “Rollover for Index Futures & Economic Reports 12.11.2014”

Star Awards, Crude Oil Futures & Economic Reports 12.10.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Our blog is nominated for the STAR award once again!

Trader Planet Competition
Trader Planet

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

Day Trading Commodities with Crude Oil Futures

Crude Oil Futures volatility offers a “different market personality” than stock index futures. Here is some of the things you need to know about day trading crude oil futures:

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures. 

Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.

Next is the contract size. Crude Oil futures are based on 100,000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

Continue reading “Star Awards, Crude Oil Futures & Economic Reports 12.10.2014”

Economic Reports and Futures Levels 12.09.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

 Today’s correction another opportunity to go long?

To be honest, I am not sure and some what exhausted from trying to predict what I consider a manipulated market…yet I am still trying to look at the chart and look for clues from the technical perspective even though stock indices have not really reacted to technicals in a while….

Daily chart of the mini NASDAQ 100 for your review below. I was hoping we can close below the 2073.50 level, which we did not BUT we were able to break it today.

Some possible levels to watch in the chart below:

ENQ - E-mini NASDAQ -100, Equalized Active Daily Continuation - Heikin:Ashi
ENQ – E-mini NASDAQ -100, Equalized Active Daily Continuation – Heikin:Ashi

Continue reading “Economic Reports and Futures Levels 12.09.2014”

Monthly Unemployment & Economic Reports 12.05.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Due tomorrow at 8:30AM Eastern are Monthly Unemployment numbers (AKA non farm payroll).  It is important for one to keep a trading journal for these type of reports and events to reflect and remind yourself on how the future markets behave during different situations, events and reports. The point of the story is that keeping a trading journal has MANY ADVANTAGES…. and I highly recommend it.

I keep notes on the following:

  • Different methods I test
  • Market behavior during different economic reports
  • Things I did well, mental state of mind
  • Mistakes I have made, the reasons I did and how I can try to avoid these mistakes
  • Different indicators, chart settings, ideas I read about
  • Different codes I created for my charts
  • Much more…

Many times the journal will help me put closure on a bad day but more so it helps keep track of work I have done so I don’t have to do it again.

Try it. It is not easy, especially after bad days….it takes time, energy and consistency – just like trading. I keep mine on a word doc so I can easily access it (plus my hand writing is terrible). Hope this tip helps and wishing you good trading!

  Continue reading “Monthly Unemployment & Economic Reports 12.05.2014”

Futures Trading Levels & Economic Reports 12.04.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

One way to eliminate fear and greed while day-trading:

Disclaimer

The methods described in this article are for educational purposes only. Past results are not necessarily indicative of future results. The author and the publisher assume no responsibility for your trading results. Trading involves a high degree of risk. No recommendation is being made to buy any stock, commodity, option or other financial instrument. Consult your financial advisor before starting any investment system.

It is a known fact that fear and greed can be one of your worst enemies.

One way I found that helped some clients to deal with the fear and greed and its related cousin, “getting out of winners too soon and staying in losers too long…” is entering multiple contracts when getting into a day-trade.

Obviously, one has to have the appropriate risk capital, margin requirements to do so but the advantage of trading more than one “unit” or splitting your trading size into two or more parts is as such:

If you enter a trade with one contract ( or if you are treating your trading size as one unit, meaning you enter a trade with 4 contracts and exit the trade with 4 contracts, that is considered treating your trading size as one unit), you can face a very quick dilemma, especially when day-trading. You get in and very quickly you are up 2 mini SP points….what do you do? Do you take profit? Bring your stop loss closer? How do you avoid getting out too early or too late?

Continue reading “Futures Trading Levels & Economic Reports 12.04.2014”

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.