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Category: Futures Broker

The futures market comprises mainly of two players, namely, the hedgers and the speculators. While the former use futures as a safety or protection blanket, the latter is a group of traders who handle the trading accounts of those investing in the futures.

Futures trading can be arisky business that can require guidance and consultancy. Whether you are an individual or a firm, you need to be well-versed with the rules of the game. Futures brokers are always there to help you with advice and help you in matters related to futures trading. A rule of futures trading is that one canonly use those funds that have been termed as risk capital.

We at Cannon Trading help your understanding of the big and small things about futures brokers and trading. Apart from that, we also aid you in making the most out of the market; and, no matter how volatile and risky it is we offer the best advice we possibly can on trading. Under this category of futures broker, we write about the latest and informative articles that you should read to get equipped on the recent events in the futures markets.

Futures Trade Alerts you can PLUG in Sierra Charts + Trading Levels 4.21.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

July is front month for GRAINS and SOFTS.

Flash PMI tomorrow.

Would you like to try the signals below on your own charts? The below is ES 10,000 volume chart from today’s session.

Get your FREE TRIAL today.

 

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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

 

Plan your trade and trade your plan. 

 

 

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

for 04-21-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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Economic Reports, Source: 

Forexfactory.com

 

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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.

China, Copper and Futures for the last 2 trading days + Trading Levels 4.20.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Bullet Points, Highlights, Announcements:

By Mark O’Brien, Senior Broker

General: Albeit a lurching progression, as it’s coming out of the first quarter, China’s Post-Covid recovery looks to be gaining traction – arguably more so than here in the U.S. – if their trade balance numbers are a good yardstick. Data released early last week showed a meaningfully-above-consensus $88.2 billion surplus, including a year-over-year 14.8% increase in exports (its first YOY gain in six months) and a stout 28% monthly increase in crude oil imports (12.3 million barrels per day) over February. Iron ore and coal imports also showed considerable month-over month gains. We keep an eye on this country’s economic health because it accounts for ±18% – almost a fifth of the world’s GDP, second to the U.S. at ±25%. The next 10 countries combined, including Japan, Germany, the U.K., India, Canada and South Korea account for another ±30%.

With their economies in competition with each other, further recovery for China against the U.S.’s current grind to control inflation and stave off a recession – even the slightest of one – puts pressure on the dollar, now ±6 months in decline from its 20-year highs. This bodes well for physical commodities such as copper, crude oil grains and soy complex markets. Keep an eye on the world economic picture – particularly China’s journey to recovery – to provide guidance for your trades.

 

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Plan your trade and trade your plan. 

 

 

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

for 04-20-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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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.

Tomorrow’s Levels Today! 04.18.2023 Trading

Posted on by Ilan
Get Real Time updates and more on our private FB group!

 

Fear? Greed? Who is moving the markets?

Is it news? big players? perhaps order flow?

Should you be trading one market and become an “expert” or should you be following a few markets for diversification?

Have you heard about spreads? same day options?

You can get answers to the above and MUCH more by talking to an experienced broker which can be one of the most valuable resources a trader can utilize when trading futures.

 

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Plan your trade and trade your plan. 

 

 

 

 

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

for 04-18-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

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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.

Weekly Newsletter: Trading Signals on your Charts! + Levels for April 17th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1141

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – Goodbye Eurodollar 🙁
  • Trading Resource of the Week – Live Customized Trading Signals on your Charts
  • Hot Market of the Week – June Gold
  • Broker’s Trading System of the Week – E-mini SP Intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – Goodbye Eurodollar

Heads up traders:
Today we say goodbye to a commodity that for ±20 years starting in the early 2000’s held the title of largest open interest futures contract in the world: the Eurodollar. Long the benchmark for hedging short-interest rates, it is being replaced today by the Three-Month Secured Overnight Financing Rate (SOFR) Futures.
SOFR measures the cost of borrowing U.S. dollar cash overnight using Treasury securities as collateral. SOFR has been recommended by the U.S. Federal Reserve’s Alternative Reference Rate Committee (ARRC) and SOFR looks set to become the main indicator of U.S. dollar interest rates around the world as global regulators encourage market participants to transition to SOFR.
CME Group launched SOFR-based futures in 2018 to support the transition. Starting today, any Eurodollar exposure where the start date is beyond June 30, 2023, will automatically convert to the corresponding CME SOFR. For more information regarding the conversion process, please visit the CME Group web site.

  • Trading Resource of the Week – Customized Trading Signals

Try our in-house created family of technical studies
Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.
Approach focuses on counter-trend and trend following price action and trade management.
Some examples for educational purposes below in the screen shot
#ES, Mini S&P
ES Futures charts with buy sell indicators

 

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
June Gold is approaching its second upside PriceCount objective where it would be normal for the chart to react with a near term consolidation or corrective trade upon satisfying the count. At this point, IF there is another leg up to this bull run, the 3rd PriceCount objective run is towards the 2261 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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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.
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With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$12,000
COST
USD 130 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for April 17th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

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  • Trading Reports for Next Week

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

Short Covering? 04.14.2023 Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

 

Yesterday’s CPI print with FOMC minutes triggered a sell off into the market. Coming into today, the jobless claims news triggered a rally. Despite us selling off yesterday, bulls were able to regain back control as dips has been bought.

As this plays out, people who are short managed to get squeezed out fueling the market higher like today.

Is this a short covering or a resumption of short term uptrend? In my opinion tomorrow’s report will provide additional clues.

See 30 minute chart below.

 

ES Mini S&P Futures chart

 

Plan your trade and trade your plan. 

 

 

 

 

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

for 04-14-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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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.

The Week Ahead + 04.04.2023 Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Week ahead by John Thorpe, Senior Broker

Primarily labor department data.

A big Note, BIG.. Good Friday is the same day as the Non Farm Payrolls release

The cash equities will be closed but the Futures will be open for the report and only 45 minutes after!

That’s right, just 45 minutes for the market to absorb the jobs data.

NonFarm Payrolls will be released @ 8;30 ET and the market is closing @ 9:15 ET until a Sunday night reopen

The bonds will be open until 10.15ET

 

The focus in the April 3 week will be on labor market data, just how tight employment remained at the end of the first quarter 2023 and what that means for the economic outlook and monetary policy.

Note that April 7 – Good Friday – is not a federal holiday in the US. However, there is an early close at 2:00 ET that day for the capital markets; the stock market will have a full close.

The February JOLTS report at 10:00 ET on Tuesday It will almost certainly show the number of people voluntarily quitting a job is declining as the imbalances in the labor market improve.

The ADP national employment report for March at 8:15 ET on Wednesday should indicate where private payrolls are growing. tech companies and some financial services may be weaker. Also important to note will be if wage growth is easing up.

The Challenger report for March at 7:30 ET on Thursday will highlight the sectors where layoffs announcements are taking place. In recent months it has been the tech sector that has dominated the story, but the February report hinted that layoffs are becoming more broad-based due to deteriorating business conditions.

The employment situation for March at 8:30 ET on Friday is expected to show that payrolls continued to rise at a healthy pace, although not as quickly as in January and February. March payrolls can be tricky to seasonally adjust due to the timing of spring breaks for various school systems and the Easter/Passover observances.

 

Plan your trade and trade your plan. 

 

Good Friday Hours for this Friday Below:

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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 when it comes to Futures Trading.

Futures Trading Levels

for 04-04-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Economic Reports, Source: 

Forexfactory.com

 

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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.

USDA Report Tomorrow + 03.31.2023 Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

USDA prospective plantings report tomorrow at 11 AM Central Time

From our friends at Hightower Report

SOYBEANS

 

For the USDA prospective plantings report on Friday, the average trade expectation for US soybean plantings is

88.3 million acres, with a range of expectations from 87.4 to 89.6 million. This would be up from 87.5 million last

year. The USDA Outlook Forum had planted area at 87.5 million acres as well.

 

For the Quarterly Grain Stocks report, US March 1 soybean stocks are expected to come in around 1.728 billion bushels (range 1.600-1.910 billion) versus 1.932 billion last year. Brazil may need to supply up to half of the soybeans that Argentina will import after the worst drought in 100 years devastated its fields and cut 2023 output nearly in half.

 

Argentina may need to import up to 10 million tonnes of soybeans. For the weekly export sales report, traders see soybean sales near 100,000-600,000 tonnes for old crop and another 50,000-300,000 tonnes for new crop. Meal sales are expected near 75,000-250,000 tonnes and oil sales are expected near zero-20,000 tonnes.

 

TODAY’S MARKET IDEAS:

Look for support in November Soybeans at 1291 3/4, with 1316 and then 1337 1/2 as key resistance. July Soybean support is at 1443, with 1464 3/4 as next key resistance. July Soybean Meal support is at 447.30, with 459.10 and 465.70 as resistance.

 

CORN

 

For the USDA planted acreage report on Friday, traders see US corn plantings near 90.9 million acres, 87.7-92.1 range, as compared with 91 million acres from the USDA Outlook forum and from 88.6 million last year. We lean to the higher end of estimates.

 

Traders see March 1 corn stocks at 7.474 billion bushels which would be the lowest since 2014. The range of estimates is 7.240-7.830, as compared with 7.758 billion last year. For the weekly export sales report, traders see corn sales near 600,000-1.8 million tonnes for old crop and 50,000-300,000 tonnes for new crop.

 

WHEAT

 

For the USDA planted acreage report on Friday, traders see all wheat planted area at 48.9 million acres, 45.7-50.0 range, as compared with 49.5 million acres from the USDA Outlook Forum. Spring wheat planted area is expected near 10.9 million acres, 9.8-12.0 range, as compared with 10.8 million acres last year. Winter wheat plantings are expected near 36.3 million acres from 33.3 million in 2022. Traders see wheat stocks as of March 1 at 929 million bushels, 875-1.020 billion range, as compared with stocks last March at 1.029 billion bushels last year. For the weekly export sales report, traders see wheat sales near 125,000-300,000 tons for old crop and 0-150,000 tons for new crop.

 

Plan your trade and trade your plan. 

 

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

for 03-31-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Economic Reports, Source: 

Forexfactory.com

 

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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.

GDP Tomorrow + 03.30.2023 Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Rest of the Trading Week Ahead:

By Mark O’Brien, Senior broker

Tomorrow is GDP – Market moving event.

This Friday is First Notice Day for April gold. Holding long positions in this futures contract into Friday subjects you to receiving a delivery notice from the exchange for 100 ounces of gold. You would then be required to have the full notional value of each 100-ounce futures contract on deposit in your account.

This upcoming event may not apply to any positions in your account this time, but if you ever take a long position in a futures contract where the method of settlement for that contract is the exchange of the actual physical asset, for example 100 ounces of gold, 5,000 bushels of oats, 37,500 pound of Arabica coffee, then you need to be mindful of those dates on the calendar that relate to the futures contracts you trade – Like First Notice Day. It can be a costly mistake even if you overlook an important date and find yourself in need of having to change your mind. After being informed that your account has received a delivery notice and you move to do an about-face – called retendering in futures parlance – the exchange may present you with a fine for your disregard of the calendar. Be careful.

For the grain markets and impact on livestock prices, Friday will mark the once a year prospective plantings report.

For our Grain Traders and Bona Fide Hedgers

This piece of information from one of our partners,

QTMarketCenter ( sign up for a free trial and enjoy plathora of information!)

Offers expectations for Friday’s big and all important USDA Prospective Plantings report and USDA Quarterly Grain Stocks —

Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022

— Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

 

Plan your trade and trade your plan. 

 

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

for 03-30-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Economic Reports, Source: 

Forexfactory.com

 

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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 Grain Report this Friday + 03.28.2023 Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

 

 

The Week Ahead:

By John Thorpe, Senior broker

There are few reports with market-moving potential in the March 27 week for the financials, However, for the grain markets and impact on livestock prices, Friday will mark the once a year prospective plantings report.

The third and final estimate of GDP for the fourth quarter 2022 will be reported at 7:30 CDT on Thursday. With the first quarter 2023 already nearing its end, there is far more interest in economic conditions in the January-March period.

Meanwhile, Fed policymakers will be back in public after the end of the communications blackout period from the March 21-22 FOMC meeting. No comments will be more closely attended to than Vice Chair of Supervision Michael Barr’s appearance before the House Financial Services Committee on Wednesday at 9:00 CDT. Aside from the committee’s posturing, Barr’s written testimony and responses to questioning will be a warning to other banks to clean up their risk management and any overreliance on narrow business sectors.

For our Grain Traders and Bona Fide Hedgers

This piece of information from one of our partners,

 

QTMarketCenter

Offers expectations for Friday’s big and all important USDA Prospective Plantings report and USDA Quarterly Grain Stocks —

Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022

— Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

 

 

 

Plan your trade and trade your plan. 

 

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

for 03-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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Economic Reports, Source: 

Forexfactory.com

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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.

Weekly Newsletter: WTI Crude Futures Trading Challenge + Levels 3.30.2024

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1139

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – WTI Crude Futures Trading Challenge
  • Trading Resource of the Week – Live Breaking News Audio Service
  • Hot Market of the Week – July/November Beans Spread
  • Broker’s Trading System of the Week
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – WTI Futures Trading Challenge

WTI Futures Trading Challenge
March 26-31, 2023
The global benchmark for crude oil is fabulous at 40
Take part in our special Trading Challenge to honor the 40th anniversary of WTI Crude Oil futures. Practice trading in a simulated environment with the most liquid crude oil futures benchmark in the world. Use our established, time-tested market with around-the-clock liquidity and global participation as you get to know our suite of WTI contracts in a risk-free environment that mimics live markets.
Learn why WTI has amassed worldwide interest
Have a gas as you explore WTI futures and simulate trading with the world’s most liquid oil contract. Receive daily education lessons from CME Group’s Owain Johnson, Managing Director of Research and Product Development. Gain valuable experience in a simulated environment while competing for a top spot.
Prizes for eligible participants
The top three finishers for this challenge will earn cash prizes. The top 40 finishers will also receive a complimentary copy of the recent book written by Owain Johnson, titled 40 Classic Crude Oil Trades.
This competition is open to residents in the United States (US), Canada (CA) excluding Quebec, *Brazil (BR), United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), Republic of Korea (KR), Taiwan (TW), and Japan (JP).
*Residents of Brazil must have a bank account in the United States to be eligible to receive a prize.

 

  • Trading Resource of the Week

  • Futures Market Squawk Box Features
  • Up to the second trading information
  • Informative streaming audio for accurate price and volume data
  • Firsthand knowledge that was once only available to floor traders
  • Expertise regarding buyers and sellers and how the market reacts

 

  • Hot Market of the Week – July/Nov Beans Spread

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
July/Nov Beans Spread: The July November been spread has resumed its rally in a new high. If sustained this move would project a run to the third PriceCount objective to the $1.87 area
PriceCounts – Not about where we’ve been , but where we might be going next!
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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.
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With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$5,000
COST
USD 110 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for March 27th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

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  • Trading Reports for Next Week

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