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Category: futures trading education

Weekly Newsletter: Bitcoin and Ether Futures + Futures Trading Levels for Oct. 30th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1169

 

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

In this issue:

  • Important Notices – FOMC Next Week
  • Trading Resource of the Week – Bitcoin and Crypto Currency Futures
  • Hot Market of the Week – December Heating Oil
  • Broker’s Trading System of the Week – ES Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices – FOMC Meeting and NFP Next Week!

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  • Trading Resource of the Week: Bitcoin & Ether Futures Volume Rises! 

See volume and open interest below article
Trading Bitcoin futures and trading cryptocurrencies directly represent two distinct approaches to engaging with the digital asset market. Each method offers its own set of advantages and disadvantages, catering to different types of traders and investors. In this discussion, we will explore the differences between trading Bitcoin futures and trading cryptocurrencies.
Bitcoin futures represent a derivative financial product that allows traders to speculate on the future price of Bitcoin without actually owning the underlying cryptocurrency. Here are some key points to consider when trading Bitcoin futures:
1.      Regulation and Legitimacy: Bitcoin futures are traded on the Chicago Mercantile Exchange (CME). This provides a high level of valuable legitimacy and oversight for institutional and risk-averse investors.
2.      Leverage and Margin: Futures contracts offer leverage, allowing traders to control a larger position with a relatively smaller amount of capital. While this can amplify profits, it also increases the potential for significant losses.
3.      Risk Management: Futures contracts are standardized and come with risk management tools like stop-loss orders, which can help traders limit their exposure to losses.
4.      Speculative Nature: Trading Bitcoin futures is primarily a speculative activity. It’s more about predicting price movements rather than investing in the long-term potential of Bitcoin as a technology or store of value.
5.      Market Hours: Futures markets have specific trading hours and are closed on weekends. This can limit access to trading opportunities and reactiveness to global events.
6.      Settlement: Bitcoin futures contracts typically settle in cash, which means that traders receive the equivalent value in US dollars at contract expiry, rather than the actual Bitcoin.
Trading Cryptocurrencies:
Trading cryptocurrencies directly involves buying and selling the digital assets themselves on various cryptocurrency exchanges. Here are some key considerations when trading cryptocurrencies:
1.      Lack of Regulation: Cryptocurrency markets are generally less regulated than traditional financial markets. While this offers more freedom, it also exposes traders to potential risks, including fraud and market manipulation.
2.      Volatility: Cryptocurrency markets are known for their extreme price volatility. This can present both opportunities and risks, attracting traders with a high-risk tolerance.
3.       Long-Term Investment: Some traders and investors choose to buy cryptocurrencies with the intention of holding them for the long term, believing in their potential as a store of value, technology, or financial innovation.
4.       24/7 Availability: Cryptocurrency markets operate 24/7, allowing traders to respond to market developments at any time. This can be advantageous for those who want to trade outside traditional market hours.
5.      Security: Trading cryptocurrencies directly also comes with the responsibility of securing your assets in a wallet, protecting them from hacking, theft, and loss.
In summary, the choice between trading Bitcoin futures and trading cryptocurrencies directly depends on an individual’s investment goals, risk tolerance, and trading strategies. Bitcoin futures offer a more regulated and structured approach to speculate on Bitcoin’s price, while trading cryptocurrencies directly provides ownership and exposure to the digital asset’s intrinsic value. It’s essential for traders to carefully assess their preferences and risk profiles before deciding which approach aligns with their objectives. Moreover, diversification within one’s portfolio can also be a prudent strategy to mitigate risks associated with both trading Bitcoin futures and holding cryptocurrencies directly.
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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.
December Heating Oil rallied after completing the second downside PriceCount objective early this month but found tough overhead against the September highs and settled back. At this point, IF the chart can resume its break with new sustained lows, the third count would project a run to the 2.71 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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  • 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.
PRODUCT
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$9,500
COST
USD 50 / monthly
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System Trades Disclosure:
System Description
“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.
Actual Monthly Performance
The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract. If a client trades 2 contracts his gain or loss is twice as displayed (and so on). This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results. The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE. This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital. Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANY provides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.
Important Information About this Trading System Analysis
Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system. While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket. THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.
This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition. In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees. It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.
The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report. This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.
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.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

  • Trading Levels for Next Week

Daily Levels for October 30th, 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
Trading Reports for Next Week
#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
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.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 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.

 

Good Trading!
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.

Weekly Newsletter: How to Trade Economic Reports + Futures Trading Levels for Oct. 23rd

Posted on by Cannon Operations

Cannon Futures Weekly Newsletter Issue # 1168

 

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

In this issue:

  •  Important Notices – Trading Contest/Real Cash Prizes
  • Trading Resource of the Week – Trading Around Economic Reports
  • Hot Market of the Week – December Cotton
  • Broker’s Trading System of the Week – ES Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

Trading Contest – Win Real Cash Trading Simulated Account!
Energy Futures Trading Competition
Duration 
Start: October 15th at 5:00 PM CT
End: October 27th at 4:00 PM CT
Prizes (Cash Prizes!!)
First Place: $2500
Second Place: $1000
Third Place: $650
Random Selection: $500

Competition Details

  • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
  • All Trading will be in the Front-Month Contract
  • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
  • Top three traders with the highest P&L balance at the end will get a cash prize.
  • One winner will be chosen from the remaining participants to receive a cash prize.
  • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

REGISTER NOW

  • Trading Resource of the Week 

Trading Key Economic Reports

As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
In this “Trading Around Key Economic Reports” FREE Course you will learn:
  • What is GDP?
  • About the Retail Sales Report
  • What is NFP ( non farm payroll) Report?
  • Understanding US housing Data
  • FOMC
  • Understanding Oil Data Report
  • Importance of Consumer Confidence Survey

ACCESS THE COURSE NOW

KeyEconomicReports
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.
December Cotton completed its first upside PriceCount objective but to this point has not been able to extend its rally any further. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 83.87 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.
3b644da2 2bee 4d39 8d98 5208a20bec39

  • 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.
PRODUCT
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$30,000.00
COST
USD 127 / 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.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

  • Trading Levels for Next Week

Daily Levels for October 13th, 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
Trading Reports for Next Week
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First Notice (FN), Last trading (LT) Days for the Week: www.mrci.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 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.

 

Good Trading!
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.

Educational trading Videos + Futures Trading Levels for Oct. 26th

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

No Commentary today, just trading levels and reports for tomorrow.

However you may find the following videos of interest:

Using overbought/oversold set ups: https://youtu.be/bBzAeWdWPh0

Trading with Range bars https://youtu.be/id3fKJIj-2k

Utilizing Bollinger bands: https://vimeo.com/323507514/6e6f3de668

Concept of Price Confirmation: https://youtu.be/IZibLbRtavo

Some ideas on how to use Support and resistance: https://youtu.be/A-pht_GbsTc

Projecting possible targets when trading futures https://vimeo.com/835487341?share=copy

Plan your trade and trade your plan.

 

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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.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-26-2023

 

#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

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


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.

What Changed? + Futures Trading Levels for Oct. 25th

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

What Changed??

The past two weeks have seen very choppy price action especially in stock indices futures, with sudden and sharp swings from highs and lows.

This contrasts with the smoother and steadier price action we witnessed before the terrible October 7 attack on Israel. As a trader, you need to evaluate the market conditions and the instruments you are trading, and how they respond to geopolitical events and overall market rhythm and price action.

You also need to adapt and be alert to what is changing, because what worked six weeks ago may need some adjustment in order for it to work for the next six weeks. Day trading is challenging, and many times price movement is just noise in a trending or non-trending environment. Some people try to use order flow to get clues and capture a small part of the market, while others trade based on the news and overall market feel.

In my opinion, using counter trend techniques and respecting the VWAP has been more effective in these past two weeks than other methods. Plan your trade, trade your plan!

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

 

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. 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.

Plan your trade and trade your plan.

 

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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.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-25-2023

#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

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


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.

Earnings, New Home Sales and Geo Political Situation + Futures Trading Levels for Oct. 24th

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

The Week Ahead: Earnings, ECB rate Decision, GeoPolitical

By Senior Broker, John Thorpe

The Week ahead barring any new geopolitical tensions as we remain vigilant scanning the actions of many political leaders throughout the globe as genuflection = volatility. Chest thumping aside, Wednesday’s important number is New Home sales.

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As for the most anticipated earning reports this week the following is from Barron’s:

In terms of the most anticipated names, here is the calendar for the week:

MSFT

0.99%

(ticker: MSFT), Google-parent Alphabet

GOOGL

0.97%

(GOOGL), Snap (SNAP) and Texas Instruments (TXN) report September quarter numbers.

  • Wednesday: Meta Platforms (META) and IBM (IBM)
  • Thursday: Amazon.com (AMZN) and Intel

INTC

-3.81%

(INTC)

Out of that list, the fastest year-over-year revenue growth, according to analyst forecasts, is slated to come from Meta

META

1.95%

, at 21%, and Amazon

AMZN

1.38%

, at 11%. On the other side of the list are Texas Instruments and Intel, with their revenue forecast to decline 13% and 12%, respectively.

Plan your trade and trade your plan.

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Existing Home sales released at 9am CDT are expected to report Year over year sales greater than -16%

Watch your blindside and expect more volatility! 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.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-24-2023

#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

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


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.

Trading Crude Oil Futures in the USA Amidst Middle East Conflict + Futures Trading Levels for Oct. 17th

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

Trading Crude Oil Futures in the USA Amidst Middle East Conflict

Learn more about trading Crude Oil Futures with E-Futures.com here.

Trading oil futures, particularly crude oil futures, plays a pivotal role in the global energy market and is influenced by a multitude of factors. This article explores the dynamics of trading oil futures in the United States and delves into the impact of Middle East conflicts, with a specific focus on recent events in Israel and Gaza. These geopolitical tensions have far-reaching implications for oil futures, as the Middle East remains a crucial source of crude oil production.

Crude Oil Futures in the USA

Crude oil is a fundamental component of the global economy, and the United States, as one of the largest consumers and producers of oil, is deeply entrenched in the world of oil futures trading. Crude oil futures are standardized contracts that allow traders to buy or sell a specified amount of crude oil at a predetermined price on a future date. In the USA, these futures are primarily traded on the New York Mercantile Exchange (NYMEX) under the ticker symbol CL.

The demand for crude oil futures in the USA is driven by various factors, including:

  1. Energy Consumption: The USA is one of the world’s largest consumers of energy, and oil is a primary source. Crude oil futures provide a way for energy companies, airlines, and other sectors to hedge against price fluctuations.
  2. Speculation: Speculators in the commodities market often trade crude oil futures, hoping to profit from price movements. This speculative activity can increase market liquidity and influence short-term price changes.
  3. Global Events: Geopolitical events, especially those in oil-producing regions, have a significant impact on oil futures trading. The Middle East, being a major source of oil production, has been a focal point for oil market participants.

Middle East Conflicts and Oil Futures

The Middle East is known for its volatile geopolitical environment, often stemming from religious, territorial, and political disputes. Recent events in Israel and Gaza have further highlighted the role of geopolitical tensions in influencing oil futures prices.

  1. Supply Disruptions: The Middle East, particularly the Persian Gulf, is home to some of the world’s largest oil reserves. Ongoing conflicts in the region can disrupt oil production, leading to supply shortages. These disruptions can cause a surge in oil prices, impacting crude oil futures.
  2. Market Sentiment: Even the perception of conflict or potential supply disruptions can drive market sentiment. Traders closely monitor developments in the Middle East, and any escalation of tensions can lead to increased speculation and higher trading volumes in crude oil futures.
  3. OPEC and Non-OPEC Nations: The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC nations in the Middle East play a pivotal role in global oil production. Geopolitical tensions can influence OPEC’s decision-making, leading to production cuts or increases, directly impacting oil futures prices.

Impact of Recent Israel-Gaza Conflict

The Israel-Gaza conflict, a long-standing and deeply rooted conflict in the Middle East, has repeatedly led to fluctuations in oil prices and, consequently, crude oil futures. Recent escalations in the region have had the following effects:

  1. Oil Price Volatility: The Israel-Gaza conflict has added uncertainty to global oil markets, causing crude oil futures to exhibit increased volatility. Traders react to events in the Middle East by adjusting their positions in response to the shifting geopolitical landscape.
  2. Safe-Haven Assets: Investors often turn to commodities like gold and oil as safe-haven assets during times of geopolitical turmoil. This shift in investor sentiment can drive up demand for crude oil futures.
  3. Production Risk: Israel is not a major oil producer, but it is geographically close to critical oil transit routes, such as the Suez Canal. Any disruption to these routes can have a domino effect on global oil supply, impacting crude oil futures prices.
  4. Influence on OPEC: The Israel-Gaza conflict can exert pressure on OPEC member nations, some of which are involved in the conflict. Geopolitical considerations, including their economic and political interests, can affect OPEC’s oil production decisions.

Risk Management in Oil Futures Trading

Given the inherent volatility in oil markets, traders in crude oil futures must employ effective risk management strategies. These include:

  1. Diversification: Traders can spread their risk by diversifying their investment portfolio, not focusing solely on crude oil futures. This can mitigate losses during periods of heightened geopolitical tensions.
  2. Stop-Loss Orders: Setting stop-loss orders allows traders to define their maximum acceptable loss. If the market moves against them, the position is automatically closed when the stop-loss level is reached.
  3. Fundamental Analysis: Staying informed about geopolitical events and oil market fundamentals is essential. Traders need to understand how these factors can influence oil futures prices.
  4. Technical Analysis: Utilizing technical analysis tools can help traders identify price trends, entry and exit points, and potential price targets.

Trading crude oil futures in the USA is a complex and dynamic process that is deeply interconnected with global geopolitics. Recent events in the Middle East, especially the Israel-Gaza conflict, highlight the significant influence of geopolitical tensions on oil futures prices. Traders and investors must remain vigilant, stay informed, and employ effective risk management strategies to navigate the ever-changing landscape of crude oil futures trading. As the world continues to rely on oil as a primary energy source, the impact of geopolitical conflicts on oil futures remains a critical consideration in the financial markets.

 

Ready to start trading futures? Call

1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey at E-Futures.com today.

 

Plan your trade and trade your plan.

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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.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-17-2023

#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

 

Download your FREE copy of Order Flow Essentials!

b0ba1776 c0cd 4536 92c1 eef6595d7173

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


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: How to Trade Economic Reports + Futures Trading Levels for Oct. 16th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1167

 

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

In this issue:

  •  Important Notices – Trading Contest/Real Cash Prizes
  • Trading Resource of the Week – Trading Around Economic Reports
  • Hot Market of the Week – December Cotton
  • Broker’s Trading System of the Week – ES Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

Trading Contest – Win Real Cash Trading Simulated Account!
Energy Futures Trading Competition
Duration 
Start: October 15th at 5:00 PM CT
End: October 27th at 4:00 PM CT
Prizes (Cash Prizes!!)
First Place: $2500
Second Place: $1000
Third Place: $650
Random Selection: $500

Competition Details

  • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
  • All Trading will be in the Front-Month Contract
  • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
  • Top three traders with the highest P&L balance at the end will get a cash prize.
  • One winner will be chosen from the remaining participants to receive a cash prize.
  • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

REGISTER NOW

  • Trading Resource of the Week 

Trading Key Economic Reports

As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
In this “Trading Around Key Economic Reports” FREE Course you will learn:
  • What is GDP?
  • About the Retail Sales Report
  • What is NFP ( non farm payroll) Report?
  • Understanding US housing Data
  • FOMC
  • Understanding Oil Data Report
  • Importance of Consumer Confidence Survey

ACCESS THE COURSE NOW

KeyEconomicReports
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.
December Cotton completed its first upside PriceCount objective but to this point has not been able to extend its rally any further. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 83.87 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.
3b644da2 2bee 4d39 8d98 5208a20bec39

  • 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.
PRODUCT
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$30,000.00
COST
USD 127 / 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.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

  • Trading Levels for Next Week

Daily Levels for October 13th, 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
Trading Reports for Next Week
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First Notice (FN), Last trading (LT) Days for the Week: www.mrci.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 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.

 

Good Trading!
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.

CPI Tomorrow + Futures Trading Levels for Oct. 12th

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

What you need to know for the last two trading days of the week

 By Mark O’Brien, Senior Broker

 

General: 

 

This morning the Labor Department released data on U.S. producer prices.  It showed a higher-than-expected 0.5% uptick in food and energy prices at the wholesale level.  The so-called core Producer Price Index – a narrower measure that excludes food, energy and trade services – showed a 0.2% increase, which matched forecasts.  Looking at the big picture, the report suggests inflation remains stubborn and the Fed will remain vigilant in it continued efforts to check the U.S. economy with care and reduce inflation.

 

Markets look at the PPI as a leading indicator for inflation, as it gauges a wide variety of costs for pipeline goods that feed to consumer products.

 

In recent days, central bank officials have indicated that they may not need to enact additional hikes as Treasury yields have risen sharply on their own, tightening financial conditions. That in turn has helped assuage market fears, leading stocks higher this week.

 

Tomorrow, The Bureau of Labor Statistics will release its more closely watched Consumer Price Index (CPI) report, which measures the prices paid by consumers for a basket of consumer goods and services.

 

Metals: 

 

Trading off its near one-year lows below $1,825/ounce on Friday, Dec. Gold has raced up ±$70/ounce as the crisis in Israel / Gaza / Lebanon has intensified.  This commodity futures contract will likely show to be more sensitive to the turn of events in the region than any other.

 

Along the same lines, from a from a commodity price influencing perspective, the fighting in Israel / Gaza / Lebanon should have a limited impact on most commodities.  Any sensitivity reactions in the markets will presumably be seen in indexes (seemingly sensitive to anything), energies and some currencies.  Any signs the conflict escalates to involve other notable / regional state / non-state actors, traders should anticipate increased volatility in these market sectors and approach your trading appropriately.

 

Plan your trade and trade your plan.

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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.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-12-2023

#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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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

9d656719 1039 4191 ad3a 37b6638d6982

 

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.

PPI & FOMC Minutes Tomorrow + Futures Trading Levels for Oct. 11th

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

PPI & FOMC Minutes Tomorrow

Tomorrow @ 7:30 CDT Producer Price Index values will be released: Producer prices in September are expected to rise 0.3 percent on the month versus a 0.7 percent increase in August. The annual rate in September is seen at 1.7 percent versus August’s 1.6 percent increase. September’s ex-food ex-energy rate is seen rising 0.2 percent on the month and 2.1 percent on the year versus August’s 0.2 percent on the month and 2.2 percent yearly rise.

Also tomorrow, The Fed minutes will be released @ 1:00 PM CDT: Detailing the issues of debate and consensus among policymakers, the Federal Open Market Committee issues minutes of its latest meeting three weeks after the meeting.

Plan your trade and trade your plan.

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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.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-11-2023

#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

Download your FREE copy of Order Flow Essentials!

 

b0ba1776 c0cd 4536 92c1 eef6595d7173

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

e15b33b8 ac12 4c89 a52f b537c79d80ae

 

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.

Exploring a Multitude of Futures Trading Platforms at Cannon Trading

Posted on by Cannon Operations

Read more about futures trading platforms offered by Cannon Trading Company here.

Futures trading platforms have evolved significantly over the years, offering traders a plethora of options to cater to their specific needs. Cannon Trading, a prominent brokerage firm, recognizes the importance of providing a wide array of futures trading platforms to its clients. In this comprehensive overview, we will delve into the various futures trading platforms available at Cannon Trading, offering traders a comprehensive understanding of their options.

Futures Trading Platforms

Sierra Charts
Sierra Charts is a renowned name in the futures trading industry. It is highly regarded for its advanced technical analysis tools, customizable charting options, and extensive historical data. Traders can execute orders, perform technical analysis, and backtest strategies efficiently with Sierra Charts.

Cannon Pro (Mac Compatible)
Cannon Pro is designed for Mac users, ensuring that traders using Apple devices have access to a powerful trading platform. It offers real-time market data, advanced charting tools, and order execution capabilities.

Volumetrica Trading
Volumetrica Trading is a specialized platform for traders focused on order flow and volume analysis. It provides detailed insights into market dynamics, helping traders make informed decisions based on order book data.

MultiCharts
MultiCharts is a popular trading platform known for its extensive back testing and automated trading capabilities. It supports multiple data feeds and brokers, making it a versatile choice for traders.

Tradingview
Tradingview is a web-based platform that offers advanced charting and social networking features. Traders can share ideas, collaborate with others, and access a wide range of technical indicators and drawing tools.

Overcharts
Overcharts is a user-friendly platform known for its intuitive design and advanced charting capabilities. It provides access to various data sources and features seamless order execution.

Bookmap
Bookmap is a unique platform that visualizes order book data in a clear and insightful manner. Traders can analyze market liquidity and order flow to make precise trading decisions.

MarketDelta
MarketDelta is designed for traders who focus on order flow analysis. It offers tools to track market profile, volume, and Delta, providing valuable insights into market sentiment.

MotiveWave (Mac Compatible)
MotiveWave is a Mac-compatible trading platform known for its advanced technical analysis tools, Elliott Wave analysis, and options trading capabilities.

Trade Navigator
Trade Navigator is a comprehensive platform that offers real-time data, advanced charting, and customizable indicators. It is suitable for both novice and experienced traders.

MT5 (MetaTrader 5)
MetaTrader 5, commonly known as MT5, is a versatile platform that supports not only futures trading but also forex and CFDs. It features automated trading options, customizable charts, and a wide range of technical indicators.

Additional Trading Platforms
Cannon Trading also provides access to several other trading platforms, each with its unique features and capabilities. These platforms include API (Application Programming Interface), Quantower, E-Futures, FireTip (Mac Compatible), CQG Trader, RTrader/Rithmic, CTS T4 (Future Spreads), AgenaTrader, eSignal, Ensign Software, QT Market Center, BarChart Trader, iSystems Automated Trading Platform, Investor/RT, Corn Futures, and Nasdaq Futures.

Futures & Options Trading
Cannon Trading’s platform offerings extend beyond futures trading to include options trading as well. Traders can explore a variety of options strategies and execute trades seamlessly on these platforms.

Cannon Trading’s commitment to offering a diverse range of futures trading platforms reflects its dedication to meeting the diverse needs of traders. Whether you are an advanced trader seeking in-depth technical analysis tools or a beginner looking for a user-friendly platform, Cannon Trading has a solution for you. The platforms mentioned above cover a wide spectrum of features, catering to traders with various trading styles and preferences. By providing access to these platforms, Cannon Trading empowers traders to make informed decisions and navigate the complex world of futures trading with confidence.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

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.