Post FOMC Life, July Bean Oil, Metals, Energies

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Post FOMC

fomc

Post FOMC

by Mark O’Brien, Senior Broker

General:

The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged as policymakers continue to monitor inflation and the labor market amid elevated levels of economic uncertainty.

“Uncertainty about the economic outlook has increased further,” the Fed indicated in its FOMC Statement. “The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen.”

The central bank’s decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%.

It comes after the Fed left rates at that level at its two previous meetings in January and March, which followed three consecutive rate cuts at its preceding meetings – which involved a 50-basis-point cut in September and a pair of 25-basis-point reductions in November and December.

Metals:  

June gold futures ended April closing nine days with a >$100 per ounce price range, a $10,000 per contract move between its daily high and low trades. Five trading days into May and we’ve already seen two more, with a couple of >$80 ranges thrown in.

Energies:

June crude oil traded intraday Monday – on the Sunday opening – to $55.30/barrel and closed at the lowest in four years ($57.13 a barrel back in February 2021), after OPEC+ agreed to hike production for a second month. The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes one month after OPEC+ surprised the market by agreeing to boost production in May by the same amount.

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July Bean Oil

July bean oil broke out into a new high last month but was unable to sustain the move and now the chart has activated downside PriceCounts on the correction lower. The first count projects a possible slide to the 46.44 area.

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

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

Learn more at www.qtchartoftheday.com

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

Daily Levels for May 8th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
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Economic Reports

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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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FOMC Eve – 4 Important Announcements, June Cattle; Trade a Plan – YOUR Plan

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FOMC Tomorrow

by John Thorpe, Senior Broker

fomc

Day trade margins are back to normal valuations.

Please speak with your broker about ways that you may not be aware of to assist you with your risk management plans. They may surprise you with the creative solutions you may find more efficient than simple stop orders or the old “hand on the mouse blow yourself out” strategy.

FOMC

Chairman Powell speaks rate decision tomorrow @ 1:30 CDT ,30 minutes following the official DECISION ON THE FED FUND RATE., U.S. Secretary of the Treasury Scott Bessent will testify to the House Financial Services Committee hearing on the international finance system Wednesday morning around 9:00 am CDT.

Economists and the CME FED Watch tool are expecting no change in the fed funds rate for tomorrows Fed Meeting. That tempers the rate at 4.25-4.50, the same as it has been since the December meeting.

Tomorrow:

Econ Data:  Used Car Prices. EIA Energy stocks.

FED Speak/FOMC: Powell @ 1:30PM CDT

Earnings: Novo Nordisk, Advanced Micro Devices, Duke energy, Doordash

Tariff newsAnything goes!

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June Live Cattle

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June live cattle extended its rally into a new contract high. This has us approaching the third upside PriceCount objective to the 215.67 area. Upon satisfying the count it would be normal for the chart to react with a near term consolidation or corrective trade, at least. the low percentage fourth count to 262 (not shown here for presentation purposes) is not seen as a realistic target for this contract.

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

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

Learn more at www.qtchartoftheday.com

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

Daily Levels for May 7th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Call Now

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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FOMC, July Corn, Margins, Bracket Orders: 4 Important things to know before trading futures tomorrow

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Bracket Orders and TradeTheNews.com FREE Trial

Day Trading margins are back to normal!

margins

However, with volatility, you need to double check the status daily at:

Margins

Busy week ahead with FOMC and more!

Below you will see a quick video on how to set and utilize the bracket orders feature on the StoneX futures platform/ CQG desktop

BRACKET ORDERS VIDEO

Hear The News, Trade The News!

  • 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

Start your free trial NOW

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July Corn

July corn activated downside PriceCount objectives off the April rally peak. The break is satisfying the second downside count to the $4.62 area where it would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. IF the chart can sustain further weakness, the third count to $4.50 is consistent with a test of the March low.

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

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

Learn more at www.qtchartoftheday.com

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

Daily Levels for May 6th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Non Farm Payrolls, First Notice Day/Last Trading Day: Important Updates You Need to Know

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NFP – Non Farm Payrolls Tomorrow

non farm payrolls

Non Farm Payrolls

Highly anticipated NFP (non farm payrolls) report tomorrow.

Volatility is quite high. This requires one to evaluate their…stops? Targets? Trading size?

With the micros Trading such good volume across the board a trader now has the option of trading one 3, 6 micros for example rather than trading one Single mini SP or mini Nasdaq.

This is especially true on volatility as high as we have seen the last few days and may help certain traders adapt to the volatility.

If you like feedback, discuss ideas – let us know and we will do our best to assist.

FND/LTD:

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

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

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Daily Levels for May 2nd, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
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Economic Reports

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All times are Eastern Time ( New York)

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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Day Trading Margins, June Mexican Peso; 7 Key Insights for Smarter Futures Trading Amid Strong Market Swings

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Day Trading Margins; June Mexican Peso

day trading margins

Day Trading Margins

In recent weeks on various days, market volatility and the commensurate risks of trading have soared. Daily price ranges for assets like the major stock index futures (S&P 500, Nasdaq 100, Dow Jones, Russell 2000), gold, crude oil, the U.S. Dollar Index & foreign currency futures have awed market participants.

For example, June gold futures closed on nine days this month with a >$100 per ounce price range, a $10,000 per contract move between its daily high and low trades. Even less-reported markets like cattle, cocoa and coffee have made major daily price moves, often in multiday streaks.

As a result, the major exchanges where these market trade, i.e., CME Group and ICE, have increased the day trading margin requirements for many of the futures contracts exhibiting these outsize moves. As well, clearing firms have followed with increases in the margins required to trade these futures contracts intraday. These are their day trading margins.

It is obviously important for traders to know the risks involved in trading and that includes knowing the day trading margin requirements for the futures contracts you’re trading. The exchanges’ margin requirements are applied to all futures contracts uniformly for trades held overnight or longer. 

On the other hand, day trading margins can differ among clearing firms. Also, some days clearing firms will set day trading margins differently at different times of the day. For example, day trading margins may be set higher during the nighttime hours of the day and reduce them during daytime hours.

Moreover, clearing firms determine day trading margins in different ways. Some set a “flat rate” for day trading margins, others calculate it as a percentage of the exchanges’ margin requirements.

Before you enter any futures position, plan your trade, including check know the margin requirement and day trading margin requirement of the futures you’re about to trade. Definitely get in touch with your Cannon broker for any assistance with these.

Day Trading Margins

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June Mexican Peso

The June Mexican Peso completed its first upside PriceCount objective and has turned sideways in a consolidation trade. From here, if the chart can sustain further strength into new highs, the second count would project a possible run to the 52.47 area.

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

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

Learn more at www.qtchartoftheday.com

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

Daily Levels for May 1st, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Futures Trading Platform Bookmap

In the rapidly evolving world of futures trading, having access to a cutting-edge futures trading platform is critical. One such platform making waves in the trading community is Bookmap—an innovative tool designed to bring transparency and precision to trading decisions. With its unique visual approach, Bookmap trading enables both novice and professional traders to see beyond the basic charts and deeply understand market behavior in real time.

As the demand for advanced platforms increases, so does the need for reliable brokers. That’s where Cannon Trading Company shines. As one of the most respected firms in the industry, Cannon Trading has been helping traders navigate the complex world of online futures trading platforms for decades.

This article explores the most important features of Bookmap for futures trading, details how to access Bookmap download and pricing, and explains why Cannon Trading Company is an outstanding partner for using this platform.

Try a FREE Demo!

What is Bookmap?

Bookmap is a high-performance futures trading platform that displays full-depth market data in an intuitive heatmap format. Unlike conventional charting tools, Bookmap trading enables you to see market liquidity and order flow with unprecedented clarity.

With Bookmap Web and Bookmap TradingView integration, users now have the flexibility to analyze markets on various devices and charting systems. This accessibility is enhanced by Bookmap free features that allow traders to try out the platform before committing financially.

The availability of granular market data is one of the core strengths of Bookmap. It visualizes market dynamics by showing historical order book activity and real-time transactions, enabling traders to spot opportunities before they appear on standard charts.

Key Features of the Bookmap Futures Trading Platform

  1. Real-Time Order Flow Analysis
    Understanding order flow is crucial in futures trading. Bookmap allows traders to monitor limit orders, market orders, and cancellations in real-time. The heatmap visualization makes it easy to spot large resting orders that may act as support or resistance zones.
  1. Advanced Heatmap Visualization
    At the heart of Bookmap trading is the heatmap, which shows liquidity changes over time. This feature reveals the true intent of market participants, allowing traders to anticipate moves rather than react to them.
  1. Volume Dots and Volume Delta
    These unique features let traders analyze where trades are occurring and the volume behind them. It’s especially useful for scalp traders using online futures trading platforms where timing and precision are essential.
  1. Market Replay
    This feature allows traders to rewind market action and study it frame-by-frame. Whether you’re refining strategies or backtesting ideas, Bookmap gives you the tools to sharpen your edge.
  1. Customizable Indicators and APIs
    Bookmap offers a suite of built-in indicators and supports third-party plugins and APIs. This ensures that traders using futures trading platforms like Bookmap can tailor their setups for maximum efficiency.
  1. Multi-Asset Support
    While it shines in futures trading, Bookmap also supports equities and cryptocurrencies. It’s a comprehensive solution that caters to all kinds of market participants.
  1. Bookmap Web and Bookmap TradingView Integration
    Traders can now enjoy Bookmap from anywhere with Bookmap Web. Additionally, Bookmap TradingView integration bridges the gap between traditional charting and cutting-edge order flow analysis.
  1. Bookmap Free Version
    Before you commit, try the Bookmap free edition. It offers access to historical data, basic visualizations, and a limited set of features—perfect for learning the ropes.
  1. High-Quality Market Data Feeds
    To fully utilize Bookmap’s capabilities, accurate and timely data is essential. That’s why Bookmap data partnerships with top-tier providers ensure you get the best trading experience.

Try a FREE Demo!

Bookmap Pricing and Subscription Plans

Understanding Bookmap pricing is key before diving in. There are several tiers based on your needs:

  • Bookmap Free: A basic version to get familiar with the interface and features.
  • Digital+: Includes enhanced indicators and limited access to market data.
  • Global: Ideal for futures trading, offering full-depth data, custom studies, and add-ons.
  • Global+: Unlocks premium add-ons like the Large Lot Tracker and advanced analytics.

Each tier offers flexibility depending on whether you’re new to Bookmap trading or a seasoned professional. Importantly, Bookmap download is straightforward, and the platform supports both Windows and macOS.

How to Get Started with Bookmap

  1. Visit the Website: Go to the official site to initiate your Bookmap download.
  2. Select a Plan: Choose from Bookmap Free, Digital+, Global, or Global+ depending on your trading style.
  3. Install the Platform: The installation process is simple and user-friendly.
  4. Connect to Market Data: Use your broker’s feed or opt for integrated Bookmap data providers.
  5. Start Trading: Dive into Bookmap trading using the powerful heatmap and visualization tools.

With Bookmap Web, you can even access your trading dashboard from any browser, making it ideal for traders on the go.

Platform Bookmap

Platform Bookmap

Why Cannon Trading is Your Ideal Partner for Bookmap Trading

When it comes to online futures trading platforms, broker selection is just as important as the platform itself. Cannon Trading Company stands out as an industry leader and is a perfect partner for anyone using Bookmap.

  1. Decades of Experience
    Founded in 1988, Cannon Trading has decades of experience navigating complex futures trading platform landscapes. Their team of experienced brokers understands Bookmap trading inside and out, making onboarding seamless for new users.
  1. Stellar Reputation and Reviews
    Cannon Trading boasts numerous 5 out of 5-star reviews on TrustPilot, showcasing the firm’s dedication to transparency, customer service, and integrity. Their long-standing relationships with clients speak volumes about their reliability.
  1. Regulatory Standing
    As a registered Introducing Broker with the NFA and CFTC, Cannon Trading maintains an exemplary regulatory record. Compliance is paramount, which means your funds and data are in trusted hands.
  1. Wide Selection of FREE Trading Platforms
    In addition to Bookmap free, Cannon Trading offers access to a wide array of online futures trading platforms. Whether you prefer Sierra Chart, CQG, or TradingView, Cannon ensures you’re well-equipped.
  1. Tailored Support for Bookmap Users
    Cannon provides personalized setup assistance, real-time tech support, and educational resources. They ensure clients are maximizing their use of Bookmap trading, regardless of experience level.

Cannon Trading + Bookmap = Trading Excellence

Try a FREE Demo!

Combining the sophisticated features of Bookmap with the unmatched service of Cannon Trading Company creates a powerhouse for futures traders. Whether you’re leveraging the real-time heatmap for scalping or conducting detailed order flow analysis, Cannon Trading’s infrastructure and experience enhance your performance.

From Bookmap pricing transparency to expert help with Bookmap data feeds, Cannon ensures that your trading experience is as seamless and successful as possible.

The Bookmap Futures Trading Platform is revolutionizing how traders view and interact with the market. Its innovative visualization tools, integration with Bookmap TradingView, browser-based Bookmap Web, and robust Bookmap free version make it a go-to solution for serious traders. When combined with a top-tier brokerage like Cannon Trading Company, which offers industry experience, stellar reputation, regulatory compliance, and multiple futures trading platform options—including Bookmap—you have a winning formula for success.

Whether you’re exploring Bookmap download for the first time or looking to deepen your expertise in Bookmap trading, partnering with Cannon Trading will elevate your performance and confidence.

For more information, click here.

Ready to start trading futures? Call us at 1(800)454-9572 (US) or (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

2 Important Updates: Bear Market Rally, June Canadian Dollar

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Bear Market Rally?

June Canadian Dollar updates

bear market

A week of impactful earnings reports (2242 globally) as the Bear market rally continues,

by John Thorpe, Senior Broker

Please speak with your broker about ways that you may not be aware of to assist you with your risk management plans. They may surprise you with the creative solutions you may find more efficient than simple stop orders or the old “hand on the mouse blow yourself out” strategy.

Bear Market

Market volatility is here to stay for the foreseeable future

Choose your opportunities wisely in this Bear Market.

Economists are expecting the first look at US 1Q 2025 GDP to show the economy grew +0.4% on quarter over quarter terms. The advanced 1Q 2025 chain weighted price index is expected up +3.0% and compares with the 4Q 2024 at +2.3%. The data will be released at 7:30 am CT Wednesday morning.

Bear Market Updates

Mini Dow’s range today? 482 points $value? = $2410.00 from hi to lo

Mini S & P’s range today? 75.75 points $ Value? = $3787.50 from hi to lo

Mini Nasdaq’s range today? 310.50 points $value? = $6210.00 from hi to lo

Tomorrow – Last trading Day of the month! President Trump may be speaking during market hours:

Econ Data:  Core PCE, ADP, GDP first look Q1, Chicago PMI , Pending home sales, EIA Energy stocks.

FED Speak: Blackout period

Earnings: Microsoft, Meta, Qualcomm, Caterpillar

Tariff news: Anything goes!

That’s a Bear Market for you!

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June Canadian Dollar

The June CAD established a bottom in February and recently activated upside PriceCounts off the lows. The chart is now taking aim at its first upside target in the .7320 area.

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

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

Learn more at www.qtchartoftheday.com

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

Daily Levels for April 30th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
822b33c5 2339 45ed bc84 e9c8f8c7358e

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Day Trading Margins return to normal levels, Bracket Orders, July Oats

9dc1e02e d5f7 4ff4 abf7 1df60775f196

Bracket Orders and TradeTheNews.com FREE Trial

Day Trading margins are back to normal!

Margins

However, with volatility, you need to double check the status daily at:

Margins

We have a full day tomorrow! Reports, earnings and more global news in general.

Below you will see a quick video on how to set and utilize the bracket orders feature on the StoneX futures platform/ CQG desktop

BRACKET ORDERS VIDEO

Hear The News, Trade The News!

  • 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

Start your free trial NOW

1bb0c235 06f8 40ab 9e8e 4a1740988236

July Oats

July oats have activated upside PriceCount objectives off the April low. The first count projects a potential run to the 3.66 area.

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

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

Learn more at www.qtchartoftheday.com

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

Daily Levels for April 29th, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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Corn for Sept – December, Non Farm Payrolls, FedSpeak Blackout

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Cannon Futures Weekly Letter

In Today’s Issue #1239

Corn

  • LIVE, FREE Demo for Futures & Options
  • The Week Ahead – NFP, Heavy Earnings and FedSpeak Blackout week!
  • Futures 102 – Trading Psychology Course
  • Hot Market of the Week – Sept. – Dec. Corn Spread

  • Broker’s Trading System of the Week – X Factor ES Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Free Demo: Live Data, Streaming Charts

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

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

START YOUR DEMO NOW

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Important Notices: The Week Ahead

By John Thorpe, Senior Broker

NFP, Heavy Earnings and FedSpeak Blackout week!

More volatility to come as next week all markets will be reacting to the potential for tariff implementations creating uncertainty in the marketplace. Therefore, increased volatility expectations continue but that’s not all. Plenty of Hard Data on the economy next week between earnings and Institutional data releases.

Highlights next week will include Housing Data as well as Non Farm Payrolls. Stock Index Impactful earnings reports in the following industries will add to the volatility punch bowl: Credit, Technology, Retail, Pharma and Energy.

Earnings Next Week:

  • Mon. Quiet
  • Tue. Visa, Mastercard, Coca Cola, Qualcomm
  • Wed. Microsoft, Meta
  • Thu. AAPL, Amazon, Eli Lilly
  • Fri. Mobil, Chevron

FED SPEECHES:

  • Mon.     Fed Blackout period
  • Tues.     Fed Blackout Period persists
  • Wed.     Fed Rate Decision the following Wed. 5/7/25 Chair Powell will Speak, 30 minutes after the rate decision.
  • Thu.      Fed Blackout Period persists
  • Fri.       Fed Blackout Period persists

Economic Data week:

  • Mon. Dallas Fed MFG. Index
  • Tue. WhSale/Retail Inventories, Redbook, Case-Shiller, Consumer Confidence, Dallas Svcs Index
  • Wed. EIA Crude Stocks, ADP, Core PCE, GDP, Chgo PMI, Pending Home Sales.
  • Thur. Challenger Job cuts, Initial Jobless Claims, ISM MFG PMI , EIA Nat Gas
  • Fri. NON Farm Payrolls, Factory Orders

Futures 102: Trading Psychology

Course overview

“You must understand that there is more than one path to the top of the mountain.”- Miyamoto Musashi, A Book of Five Rings: The Classic Guide to Strategy

Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.

Losing money is a particularly difficult test for new traders, who tend to lose very often. It is very hard to believe in yourself when you have no history of success and no way to put losses in perspective. But, being a good trader is like being a good baseball player who is considered a superstar if he gets on base 4 times out of 10. You don’t have to win every time to be a successful trader. You just have to understand that’s the way it is and be comfortable with it

Start FREE Course Now

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Hot Market of the Week

Corn

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

Sept -Dec Corn Spread

The Sept – Dec corn spread has resumed its break into a new low. This has the chart taking aim at its low percentage fourth downside PriceCount objective to the -13.25 area which should be enough to satisfy this phase of the bear move. However, financial full carry on the spread is near -32, so this story ‘could’ ultimately have another chapter.

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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.

Brokers Trading System of the Week

X Factor ES Trading System

Market Sector: Stock Index Futures

Markets Traded:   ES

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $10,000

Developer Fee per contract: $125.00 Monthly Subscription

System Description:

Trade ES futures. Started June 2020 and proud of it’s return. There are 4 independent optimized systems coded to seek long or short entries, and the system only uses the higher probability signal. System contains a money management component.

Get Started

 

Learn More

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Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”.

A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.

You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position.

If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Please read full disclaimer HERE.

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Trading Levels for Next Week

Daily Levels for April 28th, 2025

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Trading Reports for Next Week

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

www.mrci.com

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Soybean Oil Outlook, Bracket Orders, Margins return to normal

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Bracket Orders and Soybean Oil Outlook

soybean

Day Trading margins are back to normal!

However, with volatility, you need to double check the status daily at:

Margins

Below you will see a quick video on how to set and utilize the bracket orders feature on the StoneX futures platform/ CQG desktop

BRACKET ORDERS VIDEO

July Soybean Oil

July soybean oil is challenging overhead that has contained the upside for an extended period of time. IF the chart can break out into new sustained highs, the third upside PriceCount objective would project a possible run to the 53.77 area.

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

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

Learn more at www.qtchartoftheday.com

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

Daily Levels for April 25th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

822b33c5 2339 45ed bc84 e9c8f8c7358e

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

af4781c7 5191 4aa9 b38d f41c5200df20

Find us on Trustpilot

stars

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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