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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.

FOMC Tomorrow + Trading Support and Resistance Levels 3.16.2022

Posted on March 15, 2022 by Ilan

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Looks like the FED will raise rates for the first time in few years tomorrow or at least this is the consensus.

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 4325.00 with a stop at 4319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4319.75 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!!

Rollover Notice: June is now the front month for Stock Index futures like ES, MES, NQ, MNQ etc. as well as for financials like ZB and ZN and currencies as well, like 6E, 6B etc.

ESM22 instead of ESH22.

March stock index futures will settle into cash on Friday morning right around the open.

Also note, Margin increase in several markets.

Make sure to visit our margin page.

Volatility is higher and some moves are very violent, have a risk management, trade management in plan, don’t jump in the water with out some sort of a life vest.

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

03-16-2022

Support and Resistance Levels 3.16.2022

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Economic Reports, Source:

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BetterTrader Economic Indicators 3.16.2022

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.

Rollover Notice & Futures Support and Resistance Levels 3.15.2022

Posted on March 14, 2022 by Ilan

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Rollover Notice

June is now the front month for Stock Index futures like ES, MES, NQ, MNQ etc. as well as for financials like ZB and ZN and currencies as well, like 6E, 6B etc.

ESM22 instead of ESH22.

March stock index futures will settle into cash on Friday morning right around the open.

Also note, Margin increase in several markets.

Make sure to visit our margin page.

Volatility is higher and some moves are very violent, have a risk management, trade management in plan, don’t jump in the water with out some sort of a life vest.

Futures Trading Levels

03-15-2022

Futures Support and Resistance Levels 3.15.2022

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BetterTrader Economic Indicators 3.15.2022

Margin Increase in Several Futures Markets & Support and Resistance Levels 3.11.2022

Posted on March 10, 2022 by Ilan

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Margin increase in several markets.

Make sure to visit our margin page.

Volatility is higher and some moves are very violent, have a risk management, trade management in plan, don’t jump in the water with out some sort of a life vest.

Futures Trading Levels

03-11-2022

Futures Support and Resistance Levels 3.11.2022

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BetterTrader Economic Indicators

“I Use Mental Stops…..” & Support and Resistance Trading Levels 3.10.2022

Posted on March 9, 2022 by Ilan

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“I use mental stops”…..Said the trader who just blew up his account day trading crude oil the wrong way…..

By Mark O’Brien

As futures brokers, we’ve heard clients share their thoughts on trading and truly, their strategies are as unique as the individual trader. With that said, there are a number of “nuts and bolts” to trading that all traders can employ – or not. One example of these is the STOP order. We as brokers hear a variety of assertions from our clients as to the virtues or evils of employing STOP orders in their trading.

In this blog we’re going to showcase today’s price activity in April crude oil to make a case for the virtues of employing STOP orders.

Notwithstanding the almost unheard-of ±$23/$23,000 per contract price range, at one point, the April crude oil contract fell ±$10 per barrel/$10,000 per contract in the span of five minutes.

As we’ve spelled out in recent blogs, with the Russian attack on Ukraine and all the geopolitical moving parts now involved in the conflict, commodity price volatility has reached remarkable heights across several asset classes – energies in particular. So be it, but this provides us with low hanging fruit, as it were, to advocate for the use of STOP orders. Price moves like this literally scream for the implementation of STOP orders, lest you find your proverbial trading legs cut off at the knees – or worse. If you find yourself eyeing crude oil, unleaded gas, gold, wheat, any stock index, just to list the recent headliners, transpose those mental stops to actual orders. Trade safely and sanely.

5 min chart of crude oil from today when the news on OPEC send crude oil tumbling over $15 in minutes. If you were long, with “mental stops”….good luck.

Futures Trading Levels

03-10-2022

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Trading Agricultural Options in Volatile Markets & Support and Resistance Levels 3.09.2022

Posted on March 8, 2022 by Ilan

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Trading Agricultural Options in volatile markets

A new options report by Rich Excell

Get actionable insights on the latest market opportunities and how to trade them using options on futures. Benefit from the experience of a widely followed veteran institutional trader who successfully managed multi-billion portfolios throughout his career.

In this week’s issue, Rich Excell examines volatility in agricultural markets and explores two ways to approach these markets using grain option strategies.

Read the report

Futures Trading Levels

03-09-2022

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Size does Matter & Support and Resistance Levels 3.08.2022

Posted on March 7, 2022March 7, 2022 by Ilan

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Size does Matter

By John Thorpe, Senior Broker

In an effort to keep up with appropriate volatility scans, the CME is again increasing the good faith deposits required to trade WTI Crude, Heating oil and RBOB Gasoline futures.

Recently the margins have increased for Wheat and Gold futures as well as the stock indices for good reason. Geopolitical risk has put these markets on notice that the margins, already low, were not sufficient to protect clients and firms from the extreme price action these commodities have been experiencing.

The intraday moves have been nothing short of jaw dropping; with opportunity comes risk.

Many are aware of the smaller sized Micro Emini stock indices for the S&P 500 MES, Nasdaq 100 MNQ , Dow30 MYM and Russell 2000 M2K

(all indices roll from March to June this Thursday and Friday)

Did you know there were also other Micro contracts to take advantage of many of these futures contracts outsized price swings? And they are liquid too!

For the WTI Crude, the Comex Gold, Crypto Currencies and EuroCurrency contracts.

The WTI Contracts overnight margin requirement is now going to be set tonight @ $13,500.00 and most clearing firms would rather not give a break for Day trading margins

The answer to participate in the crude market if the current volatility is too rich for your blood, you may take a look at the Micro’s :

The exchange has increased the margin several times over the past week and today’s increases are here and currently no break for Daytrading..

MORE CME energy margin increases:

CL $11,550 –> $13,200

HO $12,200 –> $14,300

RB $11,100 –> $13,200

You do however, have two smaller sized contracts that are plenty liquid, the QMj22 that is a 500bbl contract and trades in .025 increments 110.025, 110.050, 110.075 and so on.. the margin is ½ the full size contract or $6750.00

And you also have the micro WTI Crude Oil MCLJ22 a 100 bbl contract 1/10 the size that trades in minimum increments like the full size. 100.02,100.03,100.04 and so on.. the margin is 1/10th or 1320.00 per contract The micro’s also give you the ability to trade as many crude contracts incrementally in 100 barrel units.

Would you like to contact John or any of our brokers for more feedback? We are happy to help!

Sierra + Teton Available through Cannon Trading along with other data feeds such as CQG and Rithmic.

Futures Trading Levels

03-08-2022

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Economic Reports, Source:

http://BetterTrader.Co

NFP Tomorrow, Futures Support and Resistance Trading Levels 3.04.2022

Posted on March 3, 2022 by Ilan

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NFP Tomorrow!

From Econoday.Com:

Definition

The most closely watched of all economic indicators, the employment situation is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.

Nonfarm payrolls track the number of part-time and full-time employees in both business and government. Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked. The report’s private payroll measure excludes government workers.

Consensus Outlook

A 390,000 rise is Econoday’s consensus for nonfarm payroll growth in February which in January, at 467,000, far surpassed the high estimate. February consensus range is 197,000 to 625,000. Average hourly earnings, which in January also far surpassed expectations at a monthly 0.7 percent gain for an annual 5.7 percent rate, are expected to show continued pressure, at 0.5 and 5.8 percent respectively.

KEY margin increases to note:

NQ from 16,500 –> 17,600

ES from 11,980 –> 12,540

YM from 8,800 –> 9,350

CL from 8,800 –> 9,900

HO from 8,360 –> 9,900

RB from 8,800 –> 9,900

ZS from 3,960 –> 4,180

ZW from 3,530 –> 4,180

Sierra + Teton Available through Cannon Trading along with other data feeds such as CQG and Rithmic.

Futures Trading Levels

03-04-2022

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Ukraine & Commodities, Futures Trading Levels 3.03.2022

Posted on March 2, 2022 by Ilan

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Russia, Ukraine & Commodities

By Mark O’Brien, Senior Broker

In a recent blog post, it was noted, “We’re just one month into this calendar year with more developments ahead – geopolitically, weather-related and monetary policy related – all set to cause commodity prices across a range of asset classes to exhibit potentially rugged price action. Keep an eye out.” Now two months into this calendar year, it appears that statement was subdued.

Many of the market moves stem from the escalating war activities in Ukraine, which will remain a dominant force in determining prices of several commodities. Russia and Ukraine account for nearly 20% of global corn exports and 25% of wheat. May corn traded to new contract highs overnight (747¾, basis May). May wheat traded up its 75-cent limit today to the highest level since March of 2008. Russia is responsible for up to 40% of the palladium supply to the world, a commodity not typically among any trader’s top-ten to keep an eye on. It’s seen a ±$300/oz. move up since Friday’s close and is poised to close at daily contract highs. Prices in crude oil surged again today, trading intermittently to life-of-contract highs above $112/barrel. These and other markets – think metals, other energy products, stock index futures – will continue to exhibit outsize moves. And while fears of physical supply disruptions, a ratcheting up of inflation expectations and other forces have sellers moving to the sidelines across numerous commodities, these traders are not gone. Take care.

Sierra + Teton Available through Cannon Trading along with other data feeds such as CQG and Rithmic.

Futures Trading Levels

03-03-2022

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Wheat Limit UP, Futures Trading Levels 3.02.2022

Posted on March 1, 2022March 1, 2022 by Ilan

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More on LIMIT Moves: Wheat

By John Thorpe, Senior Broker

Futures contract limit moves during extreme volatility….. rules are different for each commodity that does have a hard daily price limit. not all futures contracts have daily price limits. Here is a discussion from the CME of Daily Price limits Product Examples for Daily Price (Trading) Limits – Electronic Platform Information Console – Confluence (cmegroup.com) a current list of markets where limits are enabled is here Price Limits: Ags, Energy, Metals, Equity Index (cmegroup.com) the reason we draw your attention to this is the current state of the Wheat market with the first 2 months in the Chicago Soft contracts and of the KC Hard red winter contracts. Limit markets are also known as Limit Bid or limit offer markets where there are Bidders or offerors “jumping into the Pool” clamoring to get long or short.. we refer to the excessive bids or offers as “the Pool” when exterior pressures create the perception of shortage of a commodity, as is the case for wheat this week, markets make limit moves. near today’s close I took this snapshot of the number of unfulfilled bids in the pool is seen in the bid size column :

the rules for extending limits are here in this link from the CME Grain, Oilseed, and Lumber Price Limit FAQ – CME Group

The Wheat market will re-open tonight @ 8:00 PM EST if the exchange moves to a .75 cent limit the dollar value of a limit move is $3750.00 per contract.

Would you like to contact John or any of our brokers for more feedback? We are happy to help!

Futures Trading Levels

03-02-2022

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Cross Currents to Fuel Volatility Higher & Support and Resistance Levels 3.01.2022

Posted on February 28, 2022 by Ilan

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Cross Currents to Fuel Volatility Even Higher

By John Thorpe, Senior Broker

It’s clear the market has been reacting to the minute by minute changes from the international communities responses to the Russian Invasion into another sovereign country. These currents have been pushing markets violently the past week and are expected to continue to do so for days and weeks to come. However , we can’t lose sight of 3 very important domestic issues that could have far reaching global impacts as well. Here in the U.S. , on Tuesday night President Joe Biden is scheduled to give his first “State of the Union” address to the American citizens and world. Without a doubt, the futures markets will be reacting during our evening session Tuesday night March 1st 9:00 P.M. EST. Wednesday Morning 10:00 A.M. ending Thursday afternoon, Fed Chair Jerome Powell presents his report⁠—called the Monetary Policy Report⁠—that is submitted semiannually to the Senate Committee on Banking, Housing, and Urban

Affairs and to the House Committee on Financial Services, along with

testimony from the Federal Reserve Board Chair., this will be the first time Fed Chair will be answering questions directly related to the Russia/Ukraine conflict since the conflict began.

On Friday Morning at 8;30 a.m. EST the most watched labor department number is released: Nonfarm Payrolls (NFP) also known as the Employment situation report. Here are this months expectations from Econoday.com

Be vigilant while trading all futures markets and expect the unexpected. if you would like a demo, a live screen share or just a conversation with an experienced industry professional, please call Cannon Trading at 800 454 95723, if we can’t help, we will find someone who can.

Would you like to contact John or any of our brokers for more feedback? We are happy to help!

Futures Trading Levels

03-01-2022

Support and Resistance Levels 3.01.2022

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Futures Trading Levels

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Rollover Notice

Futures Trading Levels

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Margin increase in several markets.

Futures Trading Levels

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“I use mental stops”…..Said the trader who just blew up his account day trading crude oil the wrong way…..

Futures Trading Levels

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Economic Reports, Source:

Trading Agricultural Options in volatile markets

Futures Trading Levels

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Economic Reports, Source:

Size does Matter

Futures Trading Levels

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NFP Tomorrow!

Futures Trading Levels

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Economic Reports, Source:

Russia, Ukraine & Commodities

Futures Trading Levels

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More on LIMIT Moves: Wheat

Futures Trading Levels

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Economic Reports, Source:

Cross Currents to Fuel Volatility Even Higher

Futures Trading Levels

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Economic Reports, Source: