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Category: Futures Trading

Futures trading is done by two main parties, one of which is the hedger and the other one is the speculator. Where a speculator is there to trade for either their own accounts or that of their clients, a hedger always uses futures as a possible protection from losses. Hedgers can also be described as individuals or business owners who are more risk averse. Speculators and hedgers are likely to benefit from futures trading if the trader has a strong ability to analyze the markets and understands that future behavior. Though futures can behigh risk, they offer an equally high return and are thus very tempting.

In case you are new to futures trading you need to understand how things work. We at Cannon Trading are there to help with your understanding of all the elements of futures trading and also counsel and advise you with the same. Our knowledge base featured on our website, is a store house of information. In order to know every aspect of futures trading, you must read through these articles that have been listed in this category archive. Go through it and get better informed!

Hidden Market Trends: Copper Joins Coffee and Gold in Notable Moves

Posted on February 10, 2025February 10, 2025 by Jenny Collins

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Coffee Anyone? Gold? Copper?

COFFEE

While most day traders focus on markets like mini SP, MICRO NQ, bonds and few others, some of the other markets have made some noticeable moves. Coffee, Gold and now Copper.

March copper is activating upside PriceCount objectives off the January lows. The first count projects a possible run to the 4.80 area which is consistent with a challenge of the fall high.

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Daily Levels for February 11th, 2025

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Economic Reports

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All times are Eastern Time ( New York)

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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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US January Non-Farm Payroll Report: Key Forecasts and Market Impact

Posted on February 6, 2025 by Jenny Collins

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NFP Tomorrow – Non Farm Payrolls Tomorrow

Non Farm Payrolls

US January Non-Farm Payrolls data will be released Friday morning at 7:30 am CT. Economists are forecasting non-farm payrolls +170,000 compared to the previous month’s +256,000. The January jobless rate is expected at 4.1%, unchanged compared to the previous month. Average hourly earnings are expected up +0.3% month over month.

With Non-Farm Payroll coming in tomorrow, We suspect a busy, volatile Friday as other reports and speakers will be out. Make sure to check calendar below.

April Hogs satisfied a second upside PriceCount objective before turning sideways with a range bound trade. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential run to the 100.96 area.

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Daily Levels for February 7th, 2025

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Economic Reports

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Market Turbulence and Global Tensions: Key Developments in Politics, Economy, and War

Posted on February 4, 2025 by Jenny Collins

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Movers & Shakers by John Thorpe, Senior Broker

Market turbulence and volatility is here to stay for the foreseeable future as global tensions rise.

Choose your opportunities wisely.

Updated: February 4, 2025 11:19 am

WSJ on Tuesday now reporting President Trump and China’s leader Xi will not speak to each other later today

Updated: February 4, 2025 11:24 am

Bloomberg reported on Tuesday that around 20,000 US federal employees accepted buyout offers. The Washington Post today is reporting layoffs of federal employees is likely if too few of them choose to accept buyouts or quit.

Updated: February 4, 2025 2:17 pm

Pres. Trump said he would have talks with his Iranian counterpart, but also said Iran is too close to having and cannot have nuclear weapons

Updated: February 4, 2025 2:23 pm

Pres Trump he would like to Palestinians taken in by Egypt and Jordan, adding they have no alternative but to leave. He is not in favor of Israeli’s settling in Gaza

Russia – Ukraine War Update

–Reuters reports Ukraine’s military said on Tuesday its air force had struck a Russian military command post in Russia’s Kursk region the previous day causing sustained significant damage and casualties. Reuters could not independently verify the statement.

–Ukraine’s military has reported numerous strikes on Russian military and energy facilities in recent weeks. Ukrainian forces have been battling Russian troops in the Kursk region since Ukraine mounted a cross border operation there last year.

–A pro-Russian Ukrainian paramilitary leader, Armen Sarkisyan, was killed along with one other person, and three more people were wounded in a bomb blast inside a residential building in northwest Moscow, Russian state news agency TASS reports.

–Russia’s Investigative Committee said it opened a criminal inquiry after the explosion on charges of murder by means injurious to the public, attempted murder of two or more people and arms trafficking.

–Ukrainian forces are believed to be behind a series of assassinations in Russia. In mid-December, Russian General Igor Kirillov died in a remote-controlled blast in Moscow.

–The United Nations echoed Ukraine’s growing concerns that Russia killed 79 captured Ukrainian soldiers in 24 separate incidents since September.

–A former United Kingdom MP, Jack Lopresti, has joined the Ukrainian International Legion to help fight against Russia, media reports said. Lopresti reportedly travelled to Kyiv in November to help a charity.

–Russia’s Ministry of Defense said Moscow’s air defense units intercepted and destroyed 70 drones in a Ukrainian offensive overnight. The ministry said Kyiv had also targeted energy facilities, including an oil refinery in Volgograd which had caught fire.

–Ukraine’s military claimed responsibility for strikes on Russian energy facilities, claiming that it hit a Russian oil refinery in Volgograd and a gas processing plant in Astrakhan. Both establishments supplied fuel to the Russian Army, according to the military.

–State Emergency Service workers of Ukraine work at the site of a rocket strike on a residential building in Poltava

Ukrainian rescuers working at the site of a rocket strike on a residential building in Poltava, where at least seven people died and 17 others, including four children, were injured, on February 1, 2025 [Handout/State Emergency Service of Ukraine via EPA-EFE]

–Kyiv’s Air Force said it destroyed 38 of 71 Russian drones launched at Ukraine in an overnight attack. Some 25 drones disappeared from radars without reaching their targets, the Air Force said.

–According to the Reuters news agency, Moscow also said that it was too early for Russia to consider the four-way peace talks model proposed by Zelenskyy, which would include the US, Ukraine, Russia and the EU. Zelenskyy previously said it would be very dangerous if Washington and Moscow held ceasefire talks without involving Kyiv.

–Russia’s Ministry of Foreign Affairs spokesperson, Maria Zakharova, criticized the Finnish government over the publication of an information package for its citizens who are planning or considering volunteering on Ukraine’s side in the ongoing Russia-Ukraine war.

–US President Donald Trump told reporters in the Oval Office that he is seeking a secure supply of rare earth metals from Ukraine in exchange for US aid.

–Moldova’s Foreign Ministry issued a statement denouncing the invasion of its airspace by a drone and said it was discussing with allies how to boost airspace defense. The statement detailed that the drone entered from Ukraine’s airspace, but did not identify the origin or likely operator of the drone.

Tomorrow: Disney before the open, Qualcomm Earnings after the close! ADP, Balance of Trade, Barkin Speech 8am CST, ISM Svcs., Fed Jefferson Speech 6:30 pm CST

Daily Levels for February 5th, 2025

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April Gold Futures Hit Record High Amid Tariff Concerns and Weaker Dollar

Posted on January 30, 2025 by Jenny Collins

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Gold Futures Trading at All Time Highs!

April gold futures – the most-active futures contract – hit a new all-time high as the dollar pushed lower and traders sought safety amid concerns over the new U.S. administration’s tariff measures. April gold settled up 2.7% at $2,845.20 per ounce, after hitting a record intraday high of $2,853.20 earlier in the day. The prior record of $2,800.80 was set in late October.

Gold Weekly Chart with Possible targets for your Review Below:

Trade gold futures and select from three different contract sizes – 100-oz., 50-oz. and 10-oz. – with a FREE, top-of-the-line trading platform that includes built-in charts, hundreds of indicators, a great DOM and super low day trading margins.

Don’t have time to do it yourself? Work with an experienced broker!

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Daily Levels for January 31st, 2024

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Good Trading!

About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.

Tech Turmoil, AI Competition, and the FED Decision: A Pivotal Week for Markets

Posted on January 28, 2025January 28, 2025 by Jenny Collins

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Movers and shakers!

By John Thorpe, Senior Broker

What a reversal! After yesterday’s huge tech sell off initiated by a realization that a new AI app uses cheaper chips, The AI challenge from China shook the trading consciousness to the very roots of the U.S. AI talking points/ narrative. If true, what a breath of fresh air, think about it, the barriers to entry for innovation have been lowered 10 fold or more!, More competition in the A.I. zeitgeist is critical to reaching innovative success.

Tomorrow is FED Rate decision day, followed by Chairman Powell’s presser at 1PM CDT and 1:30 PM CDT respectively.

According to CME’s FEDWATCH tool , expectations are for no change from the current 4.25-4.50 fed funds rate, the rate charged to borrowing banks. Higher inflation, leads to higher Bond yields, Higher Yields lead to lower bond prices, and greater hesitancy by the FED to lower rates anytime soon.

Watch out for post cash close Earnings tomorrow and a number of other events.

Today’s Movers

**US December Advanced Durable Goods: -2.2%; prior -1.2%

**US December Advanced Durable Goods ex Trans: +0.3%; prior -0.1%

**US December Advanced Durable Goods ex Def: -2.4%; prior -0.3%

Redbook Weekly US Retail Sales Headline Recap

**Redbook Weekly US Retail Sales were +4.5% in the first four weeks of January 2025 vs January 2024

**Redbook Weekly US Retail Sales were +4.9% in the week ending January 25th vs yr ago wee

Case Schiller 20 US Metro-Area Home Prices Recap

**Case Schiller 20 US metro area home prices for November Y/Y: +4.3% from the year ago month

**Case Schiller 20 US metro area home prices for November M/M: +0.4% vs prior month

Richmond Fed Manufacturing Index Headline Recap

**Richmond Fed January Manufacturing Index: -4.0 ; prior -10.0

**Richmond Fed January Manufacturing Shipments Index: -9.0 ; prior -11.0

**Richmond Fed January Manufacturing New Orders: -4.0 ; prior -11.0

**Richmond Fed January Manufacturing Employees: +3.0 ; prior -8.0

**Richmond Fed January Manufacturing Prices Paid: +2.37 ; prior +2.86

**Richmond Fed January Manufacturing Prices Received: +1.21 ; prior +1.71

**Richmond Fed January Service Sector Index: +4.0 ; prior +23.0

Tomorrow’s Movers and Shakers:

7:30 AM CST Goods Trade Balance and Retail/Wholesale inventories.

1:00 PM CDT Fed Rate Decision

1:00 PM CDT Fed Press Conference

Earnings:

(95 rpts) Pre-Open Alibaba, MSFT, META, TSLA, IBM all after the cash close.

Plan your trade and trade your plan.

Daily Levels for January 29th, 2024

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Gold Investment Guide: Choosing Between Gold Futures and Gold ETFs

Posted on January 27, 2025January 27, 2025 by Jenny Collins

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Discover the right gold investment for you

US stocks gapped lower after Chinese AI competitor DeepSeek rose to the top spot on US app stores over the weekend, supplanting OpenAI. The NASDAQ plunged ~4% before the opening bell. Nvidia shares were routed, loosing some $500B in market cap falling below its 200-day moving average for the first time since fall 2023. The entire AI stack including semiconductors, nearly all things related to data centers, and electrical power generation saw whipsaw pullbacks on worries that a significantly cheaper, opensourced AI model could upend the boom in spending seen around US LLMs. Defensive flows into staples, healthcare, and some small caps could not offset the selling seen across the AI ecosystem, but breadth was much more positive relative to the declines seen in the S&P and NASDAQ. US Treasury markets saw prices surge too, and rates fell ahead of the FOMC meeting. The US 10-year yield fell back to 4.5% before bouncing. The US dollar index remained heavy. Crude and natural gas prices fell.

If you’re considering investing in gold, you might be wondering whether Gold futures or gold ETFs are the better fit for your portfolio. Our latest article delves into the key differences between these two investment options, helping you make an informed decision.

In this article, we explore:

The significant differences in the liquidity, exposure and costs between Gold futures and gold ETFs.
How individual investors can participate in the performance of gold.
The opportunities for maximizing returns and potential tax advantages of Gold futures.

Daily Levels for January 28th, 2024

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Futures Trading Insights for Jan. 23rd: Equity Gains, Energy Dips, and Gold Surges

Posted on January 22, 2025 by Ilan

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What you need to know before trading futures on Jan. 23rd:

By Mark O’Brien, Senior Broker

Stock Indexes: 

Equity index futures rose today, powered by a rise in technology stocks after the new administration announced mammoth spending plans for artificial intelligence infrastructure, while the U.S. Dollar Index traded to a two-week low as tariffs were delayed.

Late on Tuesday, Pres. Trump announced that OpenAI, Japan’s SoftBank and Oracle will form a joint venture and invest up to $500 billion to build data AI centers. Shares of SoftBank surged 10.6% in Tokyo, Oracle gained 7.6% on Wall Street, adding to Tuesday’s 7.2% jump. The March E-mini Nasdaq lead U.S. stock index futures with a ±1.45% / ±300-point ascent, while the March E-mini S&P 500 gained ±.7% / ±40 points. The March E-mini Dow lagged somewhat with a ±.25% / 120-poing upswing.

Energy:  

Oil prices eased to a fresh one-week low today as the market considers how the new administration’s proposed tariffs could affect global economic growth and demand for energy.

March West Texas Intermediate crude (WTI) traded 39 cents, or 0.5%, lower to settle at $75.44.

That puts WTI down for a fourth day in a row for the first time since November. Both crude benchmarks – WTI and Brent – closed at their lowest since Jan. 9 for a second day in a row.

Crude Oil numbers will be out tomorrow due to MLK holiday this past Monday.

Metals:

Gold futures (Feb.) prices traded to near three-month highs Tuesday, fueled in part by the weaker dollar and a seemingly lack of clarity around the new administration’s policy plans, which investors fear could trigger trade wars and elevate market volatility.

Feb. Gold added ±$7 to $2,766 per ounce as of this typing. Prices were at their highest since Nov. 5 when they hit their intraday high of $2,782.8.

Daily Levels for January 23rd, 2024

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Weekly Newsletter: Trading Resources and more! 01.20/21.25

Posted on January 17, 2025January 17, 2025 by Ilan

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In this issue:

StoneX/E-Futures Platform Updates
Important Notices – MLK Hours, Fed Speeches, Home Sales
Futures 102 – World Cup Trading Championship
Hot Market of the Week – Dec. 2025 Corn
Broker’s Trading System of the Week – ES intraday System
Trading Levels for Next Week
Trading Reports for Next Week

To our clients whose accounts are with StoneX and currently using the E-Futures Platform:

The new StoneX Futures platform will be up and running Monday, Dec. 16th.

Your existing LIVE user name and password will be accepted.

Your existing exchange data subscriptions will migrate to the new platform.

To login to the new trading interface please login here:

https://m.cqg.com/stonexfutures

If you like a demo ( and did not have a demo of StoneX Futures yet) CLICK HERE

In the mean time, your E-Futures platform will stay active until a date no earlier than Fri., Dec. 27th, with a firm decommission date to be announced

Important Notices – Next Week Highlights:

The Week Ahead

By John Thorpe, Senior Broker

Martin Luther King Holiday Monday, abbreviated trading hours, 271 corporate earnings reports as the season swings into action with Netflix, P & G, JNJ and American Express, Consumer products.

We are in the FED Blackout period leading up to the next FOMC Meeting 11 days from now so there will be no Fed Speakers. Economic data releases including Existing home sales, The feature may be the ECB’s LaGarde speech on Wednesday

Earnings Next Week:

Mon. none
Tue. Netflix after the close
Wed. Pre Market P & G, JNJ
Thu. quiet
Fri. American Express Pre Market

FED SPEECHES:

Mon. Quiet
Tues. Quiet
Wed. ECB President LaGarde Speech @ 9:15 am Central
Thu. Quiet
Fri. Quiet

Economic Data week:

Mon. None
Tues. None
Wed. Redbook, CB Leading Index
Thur. Initial Jobless Claims, Fed Balance Sheet
Fri. S&P PMI, Existing Home Sales, Michigan Consumer Sentiment
MLK Trading Hours!! Modified trading Schedule Monday.

Futures 102: Building a Trading Plan

“He who fails to plan is planning to fail” -Winston Churchill

Traders who win consistently treat trading as a business. While there is no guarantee that you will make money, developing a trading plan is crucial if you want to become consistently successful and thrive in the trading game. Every trader—no matter your experience—needs a plan.

Why are you here?

You want to know what constitutes a trading plan
You realize you need a trading plan
You want to be successful at futures trading

You’re in the right place for any those objectives. At the end of this course, you’ll understand why you need a trading plan and how to build one to support your success as a futures trader.

What is a trading plan?

A trading plan is a business plan for your trading career. Like any business plan, a trading plan is a working document in which you make assumptions about projected costs, revenues, and business conditions. Some of your assumptions may be right, some will surely be wrong. You wouldn’t start a business without a business plan, so why would you start trading without a trading plan?

The real value in writing a trading plan is that it forces you to think about every part of your trading business, including confronting your strengths and weaknesses, and formulating reasonable expectations.

Any solid trading plan consists of the following five components. There are no shortcuts to developing a trading plan that will support your objectives. Take the time now to think about each of these components thoroughly and you will thank yourself later.

Objective
Methodology
Risk Management
Trading Strategies
Trader Log

Hot Market of the Week

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.

FREE TRIAL AVAILABLE

December 25 Corn

December corn satisfied its first upside PriceCount objective and corrected lower. If the chart can resume its rally with new sustained highs, the second count would project a potential run to the $4.66 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.

Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

ES NZL

PRODUCT

Mini SP500

SYSTEM TYPE

Day Trading

Recommended Cannon Trading Starting Capital

$36,000

COST

USD 199 / monthly

Get Started

Learn More

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.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Yes

Daily Levels for January 20th & 21st, 2025

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Weekly Levels

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Trading Reports for Next Week

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

www.mrci.com

Good Trading!

MLK Trading Schedule & March US Dollar Index: Correction and Potential Rally

Posted on January 16, 2025 by Ilan

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MLK

This Monday is Martin Luther King holiday in the US.

please see holiday hours below and full schedule here:

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March US Dollar Index

The March dollar is correcting after it satisfied its second upside PriceCount objective. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a possible run to the 114.94 area.

Daily Levels for January 16th, 2024

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Economic Reports

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All times are Eastern Time ( New York)

Good Trading!

Market Highlights & Key Announcements: Inflation, Futures, and Energy Updates

Posted on January 15, 2025 by Ilan

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Bullet Points, Highlights, Announcements

By Mark O’Brien, Senior Broker

General: 

While inflation has cooled substantially since the middle of 2022 – when it hit a four-decade high of more than 9 percent – more recently progress has slowed, or even stopped outright as evidenced by the Labor Department’s report this morning that the Consumer Price Index rose 0.4 percent from November, the fastest one-month increase in overall prices since February. But in the same report, the “core” measure of inflation, which strips out volatile food and fuel prices to give a better sense of the underlying trend, rose 3.2 percent from a year earlier after three straight months of 3.3 percent gains. Forecasters had not expected core inflation to show signs of slowing.

Going into the fed’s next meeting later this month investors widely expect the central bank to hold interest rates steady, breaking a streak of three consecutive rate cuts. Some forecasters now believe policymakers may not lower rates at all this year.

Stock Indexes:

Stock index futures took this morning’s news positively with the March E-mini S&P 500 soaring over 100 points as of this typing, posting a ±2% gain. The E-mini Nasdaq scaled up ±500 points, over 2.25%, the E-mini Russell 2000 posted a gain of ±2% with a ±45-point climb and the E-mini Dow thrust up over 700 points/±1.75%.

More General:

The CME group has taken an almost unprecedented step and reduced their exchange fees on one of the fastest growing futures contracts by volume. Starting Feb. 1 Micro Bitcoin futures exchange fees will drop over 50% from $2.50 to $1.15.2025

Micro Ether futures, already with on for the CME Group’s lowest fees at $0.20, is dropping half to $0.10

This is a good time to remind you how to take the worry out of your crypto trading. Manage your cryptocurrency risk with Bitcoin and Micro Bitcoin futures and options.

You can practice trading Micro Bitcoin in REAL time with simulated money!!

With efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform.

Energy: 

WTI crude oil futures (Feb.) rose almost 3% today and traded over $80 per barrel for the first in six months on the heels yesterday’s Energy Information Administration (EIA) report showing crude oil stocks fell last week to their lowest since April 2022 as exports rose and imports fell. Excluding the Strategic Petroleum Reserve stocks fell by 2 million barrels to 412.7 million barrels in the week ended Dec. 10, about 6% below the five-year average for this time of year.

Daily Levels for January 16th, 2024

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Good Trading!

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Coffee Anyone? Gold? Copper?

Daily Levels for February 11th, 2025

Economic Reports

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NFP Tomorrow – Non Farm Payrolls Tomorrow

Daily Levels for February 7th, 2025

Economic Reports

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Movers & Shakers by John Thorpe, Senior Broker

Daily Levels for February 5th, 2025

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Daily Levels for January 31st, 2024

Economic Reports

Daily Levels for January 29th, 2024

Economic Reports

Discover the right gold investment for you

Daily Levels for January 28th, 2024

Economic Reports

What you need to know before trading futures on Jan. 23rd:

Daily Levels for January 23rd, 2024

Economic Reports

Futures 102: Building a Trading Plan

Broker’s Trading System of the Week

Daily Levels for January 20th & 21st, 2025

Weekly Levels

Trading Reports for Next Week

Daily Levels for January 16th, 2024

Economic Reports

Bullet Points, Highlights, Announcements

Daily Levels for January 16th, 2024

Economic Reports