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Options Trading, All Time Highs for Gold/Silver, Spread Trading Webinar TOMORROW, Levels, Reports; Your 5 Important Must-Knows for Trading Futures on October 15th, 2025

Posted on October 14, 2025 by Cannon Operations

Volatility – New All Time High on Gold, Silver!

Learn How to hedge utilizing Options

By John Thorpe, Senior Broker

options

Option Hedging 201

This fall, some markets have exceeded upside expectations, Examples include Equities, Livestock, Precious Metals, Coffee and Cocoa.

If you are a long-term investor of Gold, Gold ETF’s Gold Futures and want to or need to protect your investments I put together, for the second time this year, with a few tweaks, Option strategies to protect your downside risk.

You can use these for any market with liquid options.

These are not dollar for dollar coverage strategies, However, I have included pros and cons as I did previously, to help you determine suitability given your personal risk assessment.

Read the rest along with specific examples and charts.

Instant Viewing/Download: Hedging with Options Cheat Sheet

SPECIAL WEBINAR Tomorrow- limited space

Ever got stopped out on a trade just to see the market goes back in your direction??

Perhaps it’s time to learn about spread trading?

Join us for an exclusive webinar on “Futures Spread Trading,” where you’ll discover the powerful strategies professional traders use to capitalize on market opportunities while managing risk. Whether you’re a seasoned investor or just starting out, this session will break down the essentials of spread trading, uncover actionable techniques, and show you how to navigate the futures market with confidence. Don’t miss this chance to learn from industry experts and take your trading skills to the next level—reserve your spot today!

This is the second in a series of four episodes!

Date & Time

Oct 15, 2025 1:30 PM Central

Register Today – Space is Limited!

December Canadian Dollar

The December Canadian Dollar satisfied its second downside PriceCount objective. Fuel is now behind to get a near term reaction from this level in the form of a consolidation or corrective rise. If the chart can sustain further downside, the third count would project a possible slide to the 0.6967 area.

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 Oct. 15th, 2025

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Economic Reports

U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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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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Volatility Tuesday! All-time Highs on Gold, December Cocoa, Levels, Reports; Your 5 Important Must-Knows for Trading Futures on October 14th, 2025

Posted on October 13, 2025 by Cannon Operations

Volatility – New All Time High on Gold!

volatility

The last few trading sessions we saw tremendous volatility across many markets.

What we witnessed last night and during today’s session reminded me of the markets when COVID first broke out and we saw limit moves across the board.

The moves down Friday on equities, metals and other markets and then the HUGE GAP open yesterday on the Sunday afternoon re-open were a bit SCARY to be honest but also present some large potentials as well.

New All-time highs on gold!!

Here are some ideas to explore during times like these:

1. You don’t have a crystal ball.

To think you can buy an ES contract in this volatility and use a 2 point stop in hopes of making 20 points profit is a very low probability event…you would need to buy it at the PEREFECT time for this to happen. Point is, with higher volatility you need to use WIDER stops to give yourself a chance. That may mean using SMALLER trade size.

2. If you are able to,

share your read with another trader,

it may provide you with a better perspective just by sharing.

3. If you think there is room for a big move or what we call a “runner” –

be prepared to for the pullbacks.

Use multiple time frames to gain a better perspective and hang in there for the big move, if this is what you think can happen.

4. If you have enough risk capital, try to use multiple contracts, example buying 2 rather than 1. Taking profit on the first part of the position will help you relax and look at what the market is really telling you rather than what you would like it to say. It helps reduce both the fear and the greed.

5. “Plan your trade, trade your plan”.

Again, these are just some short pointers, written quickly after today’s session in hopes of helping you when you face a similar situation.

December Cocoa

December cocoa extended its break into a new low where the chart is satisfying its third downside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. From here, IF the chart can sustain further weakness with another leg down, we are left with the low percentage fourth count to aim for to the 3647 area, consistent with a test of the contract low.

Daily Levels for Oct. 14th, 2025

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Economic Reports

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Crypto Trading, December Dollar Index, Levels, Reports; Your 4 Important Need-To-Knows for Trading Futures on October 9th, 2025

Posted on October 8, 2025 by Cannon Operations

Around the Clock Crypto Futures Trading Ahead

By Mark O’Brien, Senior Broker

crypto

General: Crypto Trading Round-The-Clock

Big news. CME Group, the world’s largest derivatives marketplace, plans to offer customers round-the-clock trading for its cryptocurrency products next year.

The timetable anticipates 24/7 trading of futures and options starting in early 2026. Currently this will cover the CME Group’s main offerings in Bitcoin and Ethereum, but starting Oct. 13, they will be joined by Solana and XRP derivatives.

Trading in cryptocurrency derivatives has been growing steadily since CME first offered Bitcoin futures in 2017. Notional open interest, which represents the outstanding value of contracts, reached a record $39 billion in mid-September.

All-hours access lets investors respond to price swings in real time, which could add additional legitimacy and liquidity to these digital assets.

Stock Index Futures:

The Dec. E-mini S&P 500 and E-mini Nasdaq futures contracts traded to new all-time record highs intraday today. Volume has tended to be lighter on this the sixth day of the U.S. government shutdown.

Traders have been negligibly on edge at these highs with some uncertainty about the U.S. shutdown, the state of the jobs market and the delay of scheduled releases of U.S. government economic reports.

Looking elsewhere for clues on the U.S. jobs front, last week a report from global outplacement firm Challenger, Gray & Christmas indicated U.S. employers announced fewer layoffs in September but hiring plans so far this year were the lowest since 2009. It came a day after a weaker-than-expected ADP National Employment Report.

Metals:

Dec. gold futures rose to new all-time highs for the sixth of seven trading sessions today, barreling through yesterday’s first move through $4,000 per ounce to trade intraday up to $4,081 per ounce, a $76.6 per ounce follow-through move.

Gold and silver futures have surged roughly 55% and 65% year to date, respectively, as expectations of Federal Reserve rate cuts have boosted the appeal of metals, which tend to perform better when interest rates are lower.

Energies:

Despite today’s report that U.S. crude oil inventories rose more than expected last week, crude oil futures oil futures staged a modest recovery today after last week’s decline to a 16-week low as the U.S. government shutdown fed worries about the global economy, while traders expected more oil supply to come on the market with the planned output boost announced by OPEC+ over the weekend.

December Dollar Index

The December dollar index broke out into a new high and completed its first upside PriceCount objective. 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 strength, the second count projects a possible run to the 99.60 area, consistent with a challenge of the August reversal high.

Daily Levels for Oct. 9th, 2025

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Economic Reports

U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

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Silver Reaching New Heights, December Gold, Levels, Reports; Your Important Need-To-Know Facts for Trading Futures on October 7th, 2025

Posted on October 6, 2025 by Cannon Operations

Silver Hitting Multi Years Highs

silver

Silver Soars

By Andy Hecht – www.cqg.com

A bullish trend since the 2020 low
Silver rises to the highest price in fourteen years- The 2011 and 1980 highs are the upside targets
Fundamentals support higher silver prices
Gold supports rising silver prices
Expect volatility and new highs as investment and speculative demand are critical

At the turn of this century, nearby COMEX silver futures prices were $5.413 per ounce. After trading as low as $4.02 in November 2001, silver prices began a slow ascent, reaching $49.82 a decade later, in April 2011. The 2011 peak was slightly below the record 1980 high at $50.32 per ounce.

Silver corrected from the 2011 high, but the price remained above the $10 level, trading to a low of $11.64 in March 2020 as the global pandemic weighed on prices across all asset classes. Silver quickly recovered, rising to over $20 four months later in July 2020.

In September 2025, silver futures are closing in on a challenge to the 2011 and 1980 peaks, and all signs indicate that those levels could soon become technical support rather than resistance.

A bullish trend since the 2020 low

The continuous COMEX silver futures contract reached a low of $11.74 per ounce in March 2020 as the global pandemic gripped markets across all asset classes.

Read the rest of the article along with charts and More!

Contact our trading desk today to learn how we can help you integrate silver and gold into your strategies.

December Gold

December gold has accelerated its rally into a new all-time high. The chart is taking aim at its upside PriceCount objective the 401.7 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. If the chart can sustain further strength, we are left with the low percentage fourth count in the 616 area (not shown here for presentation purposes) which is viewed as an unlikely target.

Daily Levels for Oct. 7th, 2025

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NFP next Friday, December Dollar Index, Levels, Reports; The Important Need-To-Knows for Trading Futures The Week of September 29th, 2025

Posted on September 26, 2025 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1260

The Week Ahead -Non Farm Payrolls (NFP) & Fed Speakers
Futures 101 – Trading Tips via Short Videos
Hot Market of the Week – Dec. Dollar Index
Broker’s Trading System of the Week – Mini NASDAQ Day Trading System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Non-Far Payroll (NFP) & Fed Speakers to Dominate the Week Ahead

nfp

NFP Friday and another heavy week of Fed speakers as well.

With the FOMC meeting Behind us, listen for more nuanced language, outside of the 3 cuts prior to years end, Chair Powell shared during after his rate cut speech last week, but we had surprise GDP number this week. You will be hearing from a slew of Fed Speakers posting up this week (schedule is below). This unit by themselves, will, no doubt be responsible for bringing additional spice to the marketplace.

As for earnings reports we are truly at the end of Q2 Reporting. We have but a few laggards reporting this week. If you are wondering, Q3 earnings begin Mid-October.

The on again off again nature of Tariff news has created golden opportunities for breakouts in some markets, rangebound trades in others.

Continued volatility to come as next week all markets will be reacting to whatever comes out of U.S. Govt leadership relating to conflicts cessation and trade deals, China, India, Canada and Russia (looks like the EU is following Trump on this one) The Crude Oil market certainly believes so. Also, remember that Mexico’s extension will end October 29.

We’ll see you next week! Please enjoy a safe and memorable weekend.

Earnings Next Week:

Mon. Carnival Cruiselines
Tue. PayChex, Nike
Wed. Acuity, ConAgra
Thu. Quiet
Fri. Quiet

FED SPEECHES: (all times CDT)

Mon. Waller 6:30 AM , Hammack 7:00 AM, Musalem and Williams 12:30PM, Bostic 5:00pm
Tues. Jefferson 5:00AM, Goolsbee 12:30 PM, Logan 6:10 PM
Wed. Quiet
Thu. Logan 9:30 am
Fri. Williams 5:05 am

Economic Data week:

Mon. Pending Home Sales, Dallas Fed Manufacturing Index
Tue. Redbook, Case Schiller Home Price, Chgo PMI, Jolts , Consumer Confidence, Dallas Fed Svcs.
Wed. ADP, ISM Manufacturing, EIA Crude Stocks, 17-week Bill auction
Thur. Challenger Job Cuts, Initial Jobless claims, Factory Orders, EIA NAT GAS Storage, Fed Balance sheet,
Fri. NFP, ISM Svcs PMI, Baker Hughes Rig Count

Trading Videos – Instant Viewing

Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.

Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
Some common uses you can make of support and resistance levels.
Filter out the noise with range bar charts
“Price Confirmation” – Increasing the chances of a win?

WATCH VIDEOS NOW

Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

Dec. Dollar Index

The December dollar index activated upside PriceCounts on yesterday’s close as it attempts to shift its momentum higher once again. We previously attempted to rally with counts made off the July low but that effort failed without reaching the first objective and we negated those unmet counts.

Brokers Trading System of the Week

iBO NQ LO30m PcdhlFpbhlFnTH 1C

Markets Traded: Mini NASDAQ NQ

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $30,000

Developer Fee per contract: $85 Monthly Subscription

Get Started

Learn More

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.

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent 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 backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.

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

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING.

FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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Daily Levels for Sept 29th, 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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GDP: What It Is and What to Look for in the Upcoming Report; December Corn, Levels, Reports – The Important Facts to Keep in Mind When Trading Futures on September 25th, 2025

Posted on September 24, 2025 by Cannon Operations

GDP Explained

By Mark O’Brien, Senior Broker

Upcoming GDP Report: The Commerce Department’s Bureau of Economic Analysis will release the final report on U.S. GDP for Q2 (April–June) at 7:30 A.M. Central Time.
Previous Estimates: The first estimate showed 3.0% growth; the revised figure was 3.3%. Tomorrow’s release will be the final revision.
Quarterly Comparison: In Q1, real GDP decreased by 0.5%, making Q2’s growth a significant rebound.
GDP Definition & Components: GDP measures total economic output, calculated from four main components: consumer spending, business investment, government spending, and net exports.
Uses of GDP: Serves as an economic barometer for policy decisions, guides business and investment strategies, and enables international economic comparisons.

Keep an eye out for the last look at U.S. GDP (Gross Domestic Product) for the second quarter of this year: April – June. At 7:30 A.M., Central Time the Commerce Department’s U.S. Bureau of Economic Analysis will release its final report. The first, advanced look at the second quarter showed real GDP increased at an annual rate of 3.0 percent.

The bureau then released a revised, coincident figure of 3.3%. Tomorrow’s report will be the final revision, based on data gathered lately. In the first quarter, real GDP decreased 0.5 percent.

GDP

is a comprehensive measure of a nation’s economic output, indicating the total value of goods and services produced. It’s calculated by adding up the value of four main components:

Consumer Spending (Personal Consumption): Purchases of goods and services by households.

Business Investment: Spending by businesses on capital goods, like machinery and buildings.

Government Spending: Purchases of goods and services by the government at all levels.

Net Exports: The total value of exports minus the value of imports.

How GDP is Used

Economic Barometer: Governments and policymakers use GDP data to track the economy’s performance and inform decisions on fiscal and monetary policies.

Business and Investment Decisions: Investors and businesses closely monitor GDP growth to identify opportunities for investment and growth.

International Comparisons: GDP allows for the comparison of the relative size and strength of different economies worldwide.

December 25/26 Corn Spread

The Dec – Dec corn spread is trending higher and approaching a second upside PriceCount objective to the -34.75 area. It would be normal to get a near term reaction in the form of a consolidation or corrective trade from that level. IF the chart can sustain further strength, the third count would project a possible run to the -27.25 area.

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 Sept. 25th, 2025

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Economic Reports

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Gold continues its Breakout Amid Potential Gov. Shutdown, December Bean Oil, Hedging Strategies, Levels, Reports – The Important Must-Knows for Trading Futures on September 24th, 2025

Posted on September 23, 2025 by Cannon Operations

Movers and Shakers: Gold Breakout Meets Shutdown Risk: Hedging Strategies Explained

By John Thorpe, Senior Broker

The U.S Governments’ fiscal year concludes at the end of the third quarter. Expect more volatility as we wait to see how traders bet on whether or not Congress can pass appropriations bills to keep the U.S. Government open for business. The Government, in the past, shut down most recently in 2018. Prior to that? 2013, 1995 and 1994. Gold prices rallied during the shutdowns in the past. But what if there is no shutdown?

Gold has been on the move since we had a breakup! (breakout to the upside) from the 5-month rangebound trade, ($3200-$3500) basis the December gold contract. Since September 2^nd, gold has rallied in 3 weeks over $300 per troy oz. to $3810.00, if your crystal ball had you long Gold and you want to protect your current gains, what follows are a few Ideas you can implement using futures options. Consult with your Cannon Trading broker (800 454 9572 or 310 859 9572) for clarity.

Calculate the size you will be hedging: Calculate the number of contracts as (Portfolio Value / Gold Price × 100 oz)). For a $760,000 long position at $3,800/oz, use ~2 contracts.

Strategy 1: Protective Put (Straightforward Downside Insurance)

Buy put options on gold futures to gain if gold prices fall, offsetting losses in your long position. This is ideal for strong bullish views but with short-term downside concerns.

Steps to Implement:

Assess Exposure: Determine your long position’s value.
Choose Strike and Expiration: Out-of-the-money (OTM) puts (e.g., 5-10% below current price, like $3,600 strike at $3,800 spot) for cheaper premiums; at-the-money (ATM) for fuller protection. Use 1-3 month expirations for flexibility.
Execute: Buy puts via a futures-approved broker (e.g., Cannon Trading). Premium: ~1-5% of notional (e.g., $500-$2,000 per contract at 20% implied vol).

Example:

Gold at $3,800; buy $3,600 put expiring in 2 months for $150/oz premium ($15,000/contract).
If gold drops to $3,400: Put worth ~$200/oz (intrinsic value), hedging $20,000 loss per contract in your long position.
If gold rises: Lose only the premium, but keep gains.

Pros: Retains unlimited upside; simple. Cons: Premium decays over time (theta); costly in low-vol environments.

Strategy 2: Collar (Low-Cost or Zero-Cost Hedge)

Buy a protective put and sell an OTM call to finance it. This caps upside but provides free/cheap downside protection—suitable for neutral to mildly bullish outlooks in volatile markets.

Steps to Implement:

Buy Put: OTM (e.g., $3,600 strike).
Sell Call: OTM above spot (e.g., $4,000 strike) with same expiration.
Match Sizing: Same number of contracts as your exposure.
Execute: Net premium near zero if call income matches put cost (adjust strikes for balance).

Example:

Buy $3,600 put ($150/oz premium); sell $4,000 call (collect $150/oz).
Net cost: $0.
Protection below $3,600; upside capped at $4,000 (may need to close if called away) Pros: Minimizes upfront cost; effective in sideways markets. Cons: Limits gains; potential assignment on calls.

Strategy 3: Bear Put Spread (Defined-Risk, Lower-Cost Protection)

Buy a higher-strike put and sell a lower-strike put for partial hedge at reduced cost. Best for moderate downside expectations without full insurance.

Steps to Implement:

Select Strikes: Buy ATM/OTM put (e.g., $3,800); sell further OTM (e.g., $3,400).
Expiration: 1-6 months.
Contracts: Match exposure.
Execute: Net debit = Long put cost minus short put premium (e.g., $200/oz debit = $20,000/contract).

Example:

Buy $3,800 put ($250/oz); sell $3,400 put (collect $50/oz). Net: $200/oz.
Max hedge benefit: $400/oz spread minus debit ($200/oz profit if gold < $3,400).
Limited protection to spread width.
Pros: Cheaper than naked puts; caps max loss. Cons: No protection below short strike; less flexible.

December Bean Oil

December soybean oil completed the first downside PriceCount objective to the 49 area where we are getting a reaction in the form of a potential spike reversal trade. At the point, if the chart can resume its break with the new sustained lows, the second count would project a possible slide in the 47 area.

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 Sept. 24th, 2025

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Silver and Gold Skyrocket to New Highs, November Soybeans – Your Guide for Trading Futures on September 23rd, 2025

Posted on September 22, 2025 by Cannon Operations

Silver and Gold Break Out: Expanding Your Trading Horizons

by Ilan Levy-Mayer, VP

Silver and Gold Break Out: Expanding Your Trading Horizons

silver

Silver and gold have recently hit fresh highs, reminding traders that opportunities (and risks) extend beyond traditional benchmarks like the S&P 500 and Nasdaq Composite. These precious metals are reacting to macroeconomic shifts, inflationary pressures, and central bank policies, making them ideal candidates for diversification. Their continued momentum highlights that alternative markets are alive, well, and deserving of your attention.

Trading Strategies for Precious Metals, Gold & Silver

For traders accustomed to day trading equities, silver and gold move to a different beat. Consider these approaches:

Swing trading with technical indicators such as moving averages, RSI (Relative Strength Index), and Fibonacci retracements.
Breakout setups from consolidation zones or range-bound patterns to capture high-probability entries.
Trend-continuation patterns that let you ride sustained moves.
Options strategies—buying call options or options spreads on GC and SI—for leveraged exposure with defined risk.
Position trading over multi-week or multi-month horizons, driven by broader macro themes.

More Than Just Day Trading

The recent metals rally is a strong reminder that trading isn’t only about speed—it’s about choosing the right strategy. Whether you want to hedge existing positions, diversify your portfolio, or explore fresh setups, silver and gold offer compelling alternatives. At Cannon Trading, we encourage you to broaden your scope beyond tech stocks and futures scalps—sometimes, the real shine is in the metals.

Even if you are primarily a day trader, both gold and silver trade good volume on daily basis, enough for you to test and see if your day trading strategy translates well with the metals.

Contact our trading desk today to learn how we can help you integrate silver and gold into your strategies.

Nov. Soybeans

November beans satisfied the second downside PriceCount objective to the $10.19 area. It would be normal for the chart to react from this level with a near-term reaction in the form of a consolidation trade. If we can sustain further weakness, the third count would project a deeper slide to the $9.83 area, consistent with a test of the August low and extended uptrend.

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 Sept. 23rd, 2025

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Labor Department Reports, Non Farm Payroll, ADP, Levels, Reports; Your 5 Important Must-Knows for Trading Futures on September 4th, 2025

Posted on September 3, 2025 by Cannon Operations

Bullet Points, Highlights, Announcements

by Senior Broker, Mark O’Brien

Labor

General:

It’s that time of the month again: we’re a couple of days away from the Labor Dept.’s release of its monthly Non Farm Payrolls report – widely considered to be one of the most important and influential measures of the U.S. economy. The report is released at 7:30 A.M., Central Time on the first Friday of the month and measures the number of workers in the U.S. economy, excluding agricultural workers, and self-employed individuals.

More the usual, this month’s report looks to be a critical moment for traders and investors evaluating the Federal Reserve’s monetary policy in the coming months.

Again more than usual, attention will be on the revisions to the July non-farm payrolls data. Initial values for this year have been consistently downwardly revised, in part due to low response rates for the survey. The possibility of significant downward revisions could reveal more persistent labor market weakness than initially anticipated.

Ahead of that, tomorrow the ADP National Employment Report – jointly developed with the Stanford Digital Economy Lab – will show the latest snapshot of the private sector’s employment situation. While the ADP report has a poor record of predicting the Labor Dept.’s numbers – primarily because of each report’s differing means of collecting data – it.

Indexes:

Get ready for the availability of a brand-new S&P 500 stock index futures contract – and corresponding options. Starting Monday, September 22, CME Group will launch S&P 500 Month-End futures and options.

Each futures and options contract is sized at 100x the S&P 500 Index (each 1-point = $100) and expires at the index close every month, providing greater efficiency and flexibility to manage S&P 500 positions.

Now scale S&P 500 exposure with fewer contracts for greater operational efficiency and simplifying your hedging.

View the CME Group’s FAQs to learn more about trading hours, specifications and more.

Metals:

December gold set its latest all-time record high closing price yesterday: $3,592.20 per ounce, after a stout ±$76 rally. Today’s new all-time intraday high near $3,640.00 per ounce – another ±$45 rally – marks a whopping ±$280 per ounce rally in 10 trading days – going back to Aug. 20, a ±$28,000 per contract move!

Likewise, December silver closed yesterday at $42.06 per ounce, setting its own new all-time record high, a ±$4.25 per ounce move over the same 2-week span, a $21,250 per contract move.

Weekly Chinese Renminbi

The Weekly Chinese Renminbi activated upside PriceCount objectives this summer and now, the chart is taking aim at the first count to the .14150 area.

Daily Levels for Sept. 4th, 2025

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December Gold, September’s First Notice/Last Trading Day, Levels, Reports; Your 4 Important Need-To-Knows for Trading Futures on September 3rd, 2025

Posted on September 2, 2025 by Cannon Operations

GOLD

Welcome to the first day of the rest of the trading year.

by Senior Broker, John Thorpe

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

Be advised, the contracts below 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.

Today, Stock indices corrected lower S&P at 6412.00 area as I write yet still trading above the 50-day SMA: my read is at 6357.75 down 60 points. The Dow down +/- 300 and the Nasdaq down +/- 220.00

if you are thinking about how to protect or better yet, hedge your exposure, you may want to read about some option basics that apply to all markets.

By the way Gold broke out of its summer range and is trading in the 3580.00 oz area basis the December contract. (breakout was above 3550.00)

The gold example below should provide the neophyte with the basics:

A reprint follows:

What goes up must come down?

Does Newtons law of Gravity capsulized by the quote” what goes up, must come down” apply metaphorically to prices on assets? this quote reminds us of the inherent predictability and order found in nature by earths gravitational pull.

The question becomes, what pulls asset prices down? and how does the investor protect or benefit from forces pulling prices down?

Since the forces pushing prices of assets lower are much harder to determine than a simple law like gravitational pull without doubt make what goes up must come down a truest statement, that doesn’t mean we can’t protect our investments or even benefit from sell-offs of commodities, equities and other assets we hold.

Gold will be a good example to explain 2 common risk management strategies since this asset has been range bound for some time now, having become comfortable in a relatively narrow price range since Memorial Day after a runup to start the year.

One report indicates that gold opened at $2,633 per ounce on January 2, 2025, and as of August 15, 2025, it was trading around $3,383 per ounce, marking a 24.9% increase,

Protecting your long gold futures contracts, GLD ETF or your personal gold stash you can use futures options as an insurance policy to cover your downside risk.

You believe the price of gold is ready to fall on a breakout to the downside. You can buy Comex Gold Puts. How Gold Puts Work:

Buying a Put

You buy a gold put option when you expect gold prices to fall.
The put gains value as gold declines.
If gold drops below the strike price, you can:
1. Sell the put at a profit, or
2. Exercise it to take a short position in gold futures at the strike price.

Gold option premiums consist of intrinsic value and time value:

Premium=Intrinsic Value+Time Value\text{Premium} = \text{Intrinsic Value} + \text{Time Value}Premium=Intrinsic Value+Time Value

Intrinsic Value = Max(Strike − Futures Price, 0)
Time Value = Based on volatility, time to expiration, and interest rates

For example:
If gold = $3380.00 and your put strike = $3400.00:

Intrinsic = $20
If option trades at $28 → Time Value = $8

A bear put spread is an options strategy used when you expect the price of gold to decline moderately.

You buy a put option (higher strike) and sell a put option (lower strike) with the same expiration date.

The long put gives you downside profit potential.
The short put helps reduce the cost of the trade.
This caps both your risk and your max profit.

Please click here to access the: Comex Gold Bear Put Spread Cheat Sheet., we will be happy to walk you through and answer any questions, just give us a call.

Tomorrow:

Econ Data: JOLTS, Beige Book, (EIA Crude Stocks moved due to L-Day Weekend), 17-week Bill auction

FED: 8:00 am, Musalem. 12:30 pm Kashkari (non vtg mbr)

Earnings: SalesForce, Hewlett-Packard, DollarTree

Tariff news: Anything goes!

December Gold

December gold satisfied its second upside PriceCount objective and has been consolidating with a sideways trade since. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a possible run to the 4,071 area.

Daily Levels for Sept. 3rd, 2025

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Volatility – New All Time High on Gold, Silver!

Learn How to hedge utilizing Options

Option Hedging 201

You can use these for any market with liquid options.

SPECIAL WEBINAR Tomorrow- limited space

December Canadian Dollar

Daily Levels for Oct. 15th, 2025

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Volatility – New All Time High on Gold!

The last few trading sessions we saw tremendous volatility across many markets.

New All-time highs on gold!!

Here are some ideas to explore during times like these:

1. You don’t have a crystal ball.

share your read with another trader,

be prepared to for the pullbacks.

5. “Plan your trade, trade your plan”.

Again, these are just some short pointers, written quickly after today’s session in hopes of helping you when you face a similar situation.

December Cocoa

Daily Levels for Oct. 14th, 2025

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Around the Clock Crypto Futures Trading Ahead

By Mark O’Brien, Senior Broker

General: Crypto Trading Round-The-Clock

Stock Index Futures:

Metals:

Energies:

December Dollar Index

Daily Levels for Oct. 9th, 2025

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Silver Hitting Multi Years Highs

Silver Soars

Contact our trading desk today to learn how we can help you integrate silver and gold into your strategies.

December Gold

Daily Levels for Oct. 7th, 2025

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Economic Reports

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Cannon Futures Weekly Letter

In Today’s Issue #1260

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Non-Far Payroll (NFP) & Fed Speakers to Dominate the Week Ahead

NFP Friday and another heavy week of Fed speakers as well.

Trading Videos – Instant Viewing

Hot Market of the Week

Dec. Dollar Index

Brokers Trading System of the Week

iBO NQ LO30m PcdhlFpbhlFnTH 1C

Daily Levels for Sept 29th, 2025

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Trading Reports for Next Week

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GDP Explained

By Mark O’Brien, Senior Broker

GDP

How GDP is Used