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Category: Gold Futures

Futures Trading Levels for Oct. 20th

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

The Benefits of Trading Stock Index Futures

Read more about trading stock index futures with Cannon Trading Company here.


Trading stock index futures instead of individual stocks is a strategy that offers several advantages to investors and traders. Stock index futures, such as Nasdaq 100 futures, S&P 500 futures, and Dow Jones futures, allow market participants to gain exposure to a broad market index rather than investing in individual stocks. This approach has gained popularity for several reasons, making it an attractive choice for those looking to diversify their portfolios, manage risk, and potentially achieve better results.

 

  1. Diversification: One of the primary benefits of trading stock index futures is diversification. Instead of investing in a single stock, which can be subject to company-specific risks, trading futures on a stock index provides exposure to a basket of stocks. The Nasdaq 100, S&P 500, and Dow Jones Industrial Average (DJIA) are well-known stock indices, and trading futures on these indices allows traders to benefit from the collective performance of multiple companies. This diversification spreads risk and can reduce the impact of negative news or events affecting individual stocks.

 

  1. Liquidity: Stock index futures are highly liquid, making it easier for traders to enter and exit positions. Liquidity is essential for executing trades at desired prices and minimizing slippage, which can be more challenging when dealing with less liquid individual stocks. The liquidity of index futures also ensures that there are typically tighter bid-ask spreads, reducing transaction costs for traders.

 

  1. Leverage: Stock index futures often require a smaller capital outlay compared to buying a portfolio of individual stocks. This allows traders to leverage their positions, potentially amplifying their returns. However, it’s important to note that leverage also comes with increased risk, so traders should use it judiciously and be aware of the potential for substantial losses.

 

  1. Risk Management: Stock index futures are valuable tools for managing risk. They can be used to hedge an existing stock portfolio or to speculate on market movements. For instance, if an investor owns a portfolio of technology stocks and believes there may be a market downturn, they can use Nasdaq futures to hedge their exposure. If the market declines, gains on the futures position can offset losses in the stock portfolio.

 

  1. Lower Company-Specific Risk: By trading stock index futures, investors can avoid the company-specific risk associated with individual stocks. While stocks can be impacted by events like earnings reports, management changes, or product recalls, these factors have a limited impact on stock index futures. Traders can focus on broader market trends and economic factors when trading futures contracts.

 

  1. 24-Hour Trading: Stock index futures often have extended trading hours, allowing traders to react to global events and news outside regular market hours. This can be advantageous for those who want to stay informed and make trading decisions around the clock.

 

  1. Transparency and Regulation: Stock index futures are traded on regulated exchanges, providing a high level of transparency and oversight. This can instill confidence in traders, knowing that their transactions are conducted in a well-regulated environment.

 

In conclusion, trading stock index futures offers several advantages over trading individual stocks. These futures contracts provide diversification, liquidity, leverage, and risk management benefits. They are especially popular for traders looking to gain exposure to broad market indices like the Nasdaq, S&P 500, and Dow Jones. By trading stock index futures, investors can reduce company-specific risk, manage their portfolios more efficiently, and potentially achieve better risk-adjusted returns. However, like any investment, it is essential for traders to understand the complexities and risks associated with futures trading and to employ sound risk management practices.

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 ti

Plan your trade and trade your plan.

Download your FREE copy of Order Flow Essentials!

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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.

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Futures Trading Levels

10-20-2023

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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,

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Source: 

Forexfactory.com

 

 

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.

Geo Political Situation Moving Prices + Futures Trading Levels for Oct. 19th

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

Geo political situation is taking over….

By Senior Broker, Mark O’Brien

The conflict in the Middle East once again demonstrates the potency of geopolitical events in influencing commodities prices – to the degree that they can overpower other conventional fundamentals.

 

One notable move: on the Sunday, Oct. 7th opening of trading, Dec. gold gapped up ±$16 from its Friday $1845.2 close (and an 11-month intraday low of $1823.50) and today is flirting above $1950 per ounce.

 

Obviously, the most significant event in the midst of the conflict is the overnight hospital bombing in Gaza. That effectively nullified U.S. Secretary of State Antony Blinken’s week-long travels meeting with Arab leaders to try to ease tensions. Cancelled was a summit planned in Jordan on Wednesday between President Biden, King Abdullah II of Jordan, Egyptian President Abdel Fattah el-Sissi and Palestinian President Mahmoud Abbas. All this increases the prospects of a broadening of the participants in the conflict and keeping it the focal point among commodities.

 

What events like those in the Middle East can also do is amplify market movement established by conventional fundamentals. Futures markets already sensitive to global geopolitical events – energies, precious metals, stock indexes, interest rates in particular – can react excessively in the face of the compounding happenings going on.

 

Keep this mind in your trading. Be aware of the potential for expanded price ranges and sharper market turns.

Plan your trade and trade your plan.

Download your FREE copy of Order Flow Essentials!

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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.

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Futures Trading Levels

10-19-2023

#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.

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

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

The Week Ahead: War, CPI, Minutes + Futures Trading Levels for Oct. 10th

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

The Week Ahead: War, CPI, Minutes- watch your blindside

By Senior Broker, John Thorpe

Today, due to the US Holiday, bond markets and US Government offices were closed, volatility in US stocks were muted.

The surprise attack on the State of Israel and official declaration of war over the weekend has the potential to be the main driver in the direction of the equity markets forcing the inflation, deficit, jobs narrative to take a back seat. . When the bond markets open, we will get a much better idea how much as gold did reflect a moderate flight to quality in today’s trade.

Here is a good piece from Fortune mag published over the weekend Attack on Israel: What investors, economists, and strategists are saying | Fortune it’s worth a scan.

Data releases this week will include PPI, CPI , Fed Minutes to be the most impactful.

Wednesday @ 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 on this day, 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.

Consumer Price Index CPI Thursday 7:30 am CDT Core prices in September are expected to hold steady at a monthly increase of 0.3 percent to match August’s 0.3 percent increase Overall prices are also expected to rise 0.3 percent on the month after August’s as-expected percent 0.6 increase which hit expectations. Annual rates, at 3.7 percent overall and 4.3 percent for the core in August, are expected 3.6 at 4.1 percent respectively.

Also on this Day and time, Jobless Claims : Jobless claims for the October 8 week are expected to come in at 209,000 versus 207,000 in the prior week.

For the Ag Sector we have the WASDE report, Thursday the 12th as well, this report is released @ 11:00 am CDT.

Watch your blindside and expect more volatility!

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

10-10-2023

#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!

 

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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

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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.

US$ Moving the markets? + Futures Trading Levels for Sept. 28th

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 month

 By Mark O’Brien, Senior Broker

General: 

 

Thanks in large part to higher yield opportunities, foreign purchases of dollars to buy U.S. treasuries have pushed the U.S. Dollar Index (basis Dec.) to a 10-month high today – trading to an intraday high of 106.24 – a climb of over $7,000 per contract since mid-July.  The Federal Reserve held interest rates steady at their September meeting, but chairman Powell reiterated the Central Bank’s goal of bringing inflation down to its 2% target, so further rate hikes were still on the table and “higher for longer,” remained the clarion call.

 

Currencies: 

 

Conversely, the Euro hit 6-month lows today, down to 1.0538 intraday, marking a ±$9,500 per contract move in a little over two months.  The Japanese yen is threatening its key 150 level, where Japanese officials are seen as potentially intervening to shore up the currency (divide the futures price by 1 to find the conversion rate).

 

Metals: 

 

New highs in the dollar have also translated to new lows in precious metals, particularly gold, which lost ±$29 per ounce today (basis Dec.) and broke through $1,900 per ounce, approaching early-February lows near $1883.  This is a ±$225 per ounce decline (±$22,500 per contract) from its May 4 highs.

 

Energies: 

 

Despite China’s tenuous economy – a key measure of demand for crude oil globally – the supply side of the ledger has been the driving force behind rising energy prices.  Production cuts made by OPEC+ and continuing through year’s end have contributed to a plunge in storage levels in Europe and the U.S. to multi-month lows.  Today the Energy Information Administration reported a crude oil inventory draw of 2.2 million barrels for the week to September 22, spurring a ±$3.50 per barrel advance above $94.00 per barrel intraday (basis Nov.)  Yesterday, the American Petroleum Institute estimated that stocks at the Cushing, Oklahoma hub – where West Texas oil futures deliveries are processed – had slipped to below 22 million barrels, which is on the brink of the minimum operating level for that important terminal.  The crude oil tanks around Cushing have approximately 91 million barrels of storage capacity.

 

Summary: 

 

Futures traders remember the practical rule of thumb to keep an eye on the U.S. dollar.  A stronger dollar in the global market will increase the price of commodities relative to foreign currencies.  The higher price of commodities in foreign currency will work to lower demand and dollar-priced commodities.  For a first-rate overview, check out the piece by Hannah Baldwin with the CME Group and contributed to Reuters: “How a strong dollar affects international currencies & commodities.”

 

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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

09-28-2023

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

 

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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 – Energy Futures Contest – Real Cash Prizes! + Levels for Sept. 25th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1164

 

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 – Series of short videos
  • Hot Market of the Week – December Gold
  • Broker’s Trading System of the Week – NQ (mini NASDAQ) Day 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

 

  • Projecting possible targets when trading futures
  • 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”
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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 Gold Futures Completed its first downside PriceCount objective last months before developing a sideways range trade. At this point, if the chart can break down with new sustained lows, the second count would project a possible run to the 1883 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
Intraday
Recommended Cannon Trading Starting Capital
Mini Nasdaq 100
COST
USD 120 / 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.
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  • Trading Levels for Next Week

Daily Levels for September 25th, 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.

Gold Futures: Exploring Trading Strategies, Global Producers, and Cannon Trading Company as a Trusted Partner

Posted on by Cannon Operations

Learn more about trading gold futures with Cannon Trading Company here.

Gold, often referred to as the “king of metals,” has captivated humanity for centuries due to its intrinsic value and enduring allure. Trading gold futures provides investors and traders a unique opportunity to engage with this precious metal, speculate on its price movements, and manage risk. In this comprehensive exploration, we will delve into top gold-producing countries, major central bank holders of gold, the gold standard, gold’s role as a safe haven, arbitrage trading of gold between global exchanges, and the significant role of Cannon Trading Company as a premier commodity broker. Moreover, we will discuss how Cannon Trading’s top-rated status on TrustPilot cements its position as a reliable partner for futures traders and hedgers, especially when it comes to hedging gold prices.

Top Gold Producers Around the World

Several countries have established themselves as major players in gold production. Some of the top gold-producing nations include China, Australia, Russia, and the United States. These countries boast vast gold reserves and have a significant influence on global supply and pricing dynamics.

Top Central Bank Holders of Gold Bars

Central banks, often seen as guardians of a nation’s wealth, hold significant reserves of gold. Some of the top central banks that hold substantial gold reserves include the United States Federal Reserve, the European Central Bank, and the central banks of countries like Germany and Italy. These gold reserves not only contribute to a nation’s financial stability but also underline the enduring value of gold as a store of wealth.

The Gold Standard and Gold as a Safe Haven

The gold standard, a monetary system where the value of a country’s currency is directly linked to a specific quantity of gold, played a crucial role in global finance until the 20th century. While it is no longer the basis of the global monetary system, gold continues to be regarded as a safe haven asset. During times of economic uncertainty, political turmoil, or market volatility, investors often turn to gold as a means of preserving value and diversifying their portfolios.

Arbitrage Trading of Gold Between Global Exchanges

Arbitrage involves exploiting price discrepancies for the same asset on different markets. In the context of gold, traders can engage in arbitrage by simultaneously buying and selling gold on different exchanges to profit from price differentials. This practice requires quick execution and often sophisticated trading systems, as market inefficiencies are swiftly corrected due to high liquidity and advanced technology.

Cannon Trading Company: A Trusted Partner for Gold Futures

Cannon Trading Company stands as a reliable and experienced commodity broker, offering traders access to a wide range of futures markets, including gold. With decades of industry expertise, Cannon Trading Company provides traders with the necessary tools, insights, and platforms to navigate the complexities of gold futures trading. The company’s commitment to client satisfaction is underscored by its top-rated status on TrustPilot, a platform for customer reviews.

TrustPilot Rating and Cannon Trading’s Reputation

TrustPilot serves as a testament to Cannon Trading Company’s dedication to client service and satisfaction. The platform allows clients to share their experiences, highlighting attributes such as exceptional customer support, competitive pricing, user-friendly trading platforms, and reliable execution. A high TrustPilot rating reflects Cannon Trading’s track record of delivering on its promises and ensuring traders have the resources they need to succeed in the complex world of commodities trading.

Hedging Your Gold Portfolio

Hedging is a strategy employed by investors to mitigate potential losses by taking an offsetting position. In the context of gold, investors can use gold futures contracts to hedge against adverse price movements. For instance, a gold producer concerned about a potential decline in gold prices can enter into futures contracts to sell gold at a predetermined price. If prices indeed fall, the loss on the physical gold sale can be offset by gains in the futures contract.

Gold futures trading offers participants a pathway to engage with one of the most coveted precious metals in the world. The diverse roles of gold, from its historical association with the gold standard to its contemporary status as a safe haven asset, make it a fascinating and complex commodity to trade. Cannon Trading Company’s expertise and top-rated TrustPilot status make it a trusted partner for traders and hedgers seeking to navigate the intricacies of gold futures trading and effectively manage their portfolios. As gold’s timeless appeal continues to captivate markets and investors alike, futures trading remains a dynamic avenue for those seeking to harness its potential.

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.

 

Trading Gold Futures: Strategies, Exchanges, and Techniques

Posted on by Cannon Operations

Read more about trading gold futures with Cannon Trading Company here.

Trading gold futures offers traders the opportunity to capitalize on the price movements of one of the world’s most cherished and sought-after precious metals. In this comprehensive guide, we will delve into the intricacies of trading gold futures, exploring the prominent gold futures exchanges in the US and globally, discussing day trading techniques specific to gold futures, examining gold futures options, and highlighting Cannon Trading Company’s renowned customer service and impressive TrustPilot rating.

Understanding Gold Futures Trading

Gold, often referred to as a “safe-haven” asset, has historically been valued for its ability to retain its worth during economic uncertainties. Gold futures contracts allow traders to speculate on the future price of gold, whether they anticipate the price to rise or fall. These contracts offer a standardized way to buy or sell a specific quantity of gold at a predetermined price on a future date.

Exchanges for Gold Futures

Gold futures are actively traded on several exchanges around the world, providing liquidity and price discovery for traders. Notable exchanges for trading gold futures include:

  1. Commodity Exchange (COMEX): Operated by the Chicago Mercantile Exchange (CME) Group, COMEX offers gold futures contracts that are among the most widely recognized and traded in the world. The contracts are denominated in troy ounces.
  2. Multi Commodity Exchange (MCX): Based in India, MCX offers gold futures contracts that cater to the Indian market’s demand for gold trading. These contracts are popular among both retail and institutional traders.
  3. Tokyo Commodity Exchange (TOCOM): TOCOM provides gold futures contracts to traders in Asia, particularly Japan. These contracts are traded in yen per gram.
  4. Shanghai Gold Exchange (SGE): The SGE is one of the world’s largest physical gold exchanges and offers gold futures contracts denominated in grams. It primarily serves the Chinese market.

Day Trading Techniques for Gold Futures

Day trading gold futures involves taking advantage of short-term price movements within the trading session. Successful day traders employ various strategies and techniques tailored to the unique characteristics of gold futures.

  1. Technical Analysis: Utilizing technical indicators, chart patterns, and candlestick analysis can help traders identify potential entry and exit points. Moving averages, relative strength index (RSI), and Fibonacci retracement levels are commonly used tools.
  1. Volatility Analysis: Gold can exhibit significant price volatility, influenced by economic data, geopolitical events, and market sentiment. Traders can use volatility indicators like the Average True Range (ATR) to gauge potential price swings.
  1. News and Economic Data: Day traders should stay informed about economic releases, central bank decisions, and geopolitical developments that can impact gold prices. Unexpected news events can lead to rapid price changes.
  1. Range Trading: Range-bound markets can provide day trading opportunities. Traders can look for support and resistance levels and trade within the range, aiming to profit from price fluctuations between these levels.
  1. Scalping and Breakout Strategies: Scalping involves making quick trades to capture small price movements, while breakout strategies focus on entering trades when prices break out of established levels. Both approaches require rapid decision-making.

Trading Gold Futures Options and Options on Futures

Gold futures options provide traders with the flexibility to speculate on gold price movements while managing risk. Options on gold futures allow traders to establish positions that benefit from price increases (call options) or price decreases (put options) without the obligation to buy or sell the underlying futures contract.

  1. Speculation: Traders can use gold futures options to speculate on the future price direction of gold. Buying call options can provide exposure to potential price increases, while buying put options can provide exposure to potential price declines.
  2. Risk Management: Gold futures options can be employed as a form of risk management. Gold producers, for example, can use put options to hedge against potential price declines that could impact their profitability.
  3. Spread Strategies: Options spread strategies involve trading multiple options contracts simultaneously to capitalize on price differentials. Vertical spreads and calendar spreads are commonly used strategies to manage risk and profit from price movements.

Cannon Trading Company: Customer Service and TrustPilot Rating

Cannon Trading Company is a reputable brokerage firm known for its services in facilitating various types of trading, including gold futures and options on futures. The company is recognized for its dedication to delivering top-notch customer service and support to traders of all experience levels.

Customer Service Excellence: Cannon Trading Company’s experienced brokers provide personalized assistance, market insights, and trading strategies to clients. Their commitment to customer service ensures that traders have the resources they need to make informed decisions.

TrustPilot Rating: The company boasts an impressive TrustPilot rating of 4.9 out of 5 stars, reflecting the high level of customer satisfaction it consistently achieves. This rating is indicative of positive customer experiences and the value that Cannon Trading Company provides to its clients.

Trading gold futures offers traders the opportunity to engage with a precious metal that holds both historical significance and contemporary economic relevance. Understanding the intricacies of gold futures trading, employing effective day trading techniques, and considering options on gold futures can enhance a trader’s ability to navigate this dynamic market. Choosing a reputable brokerage partner like Cannon Trading Company, known for its exceptional customer service and TrustPilot rating, can provide traders with the support and resources needed to succeed in trading gold futures and related derivatives.

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.

Cannon Futures Weekly Newsletter Issue # 1148 Order Flow Webinar + Levels for June 5th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1148

 

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

Have a safe Memorial Day Weekend. Trading Schedule HERE

In this issue:

  • Important Notices – Win 1 OZ Gold Bar!
  • Trading Resource of the Week – Order Flow, Advanced T&S Trading Webinar
  • Hot Market of the Week – June Dollar Index
  • Broker’s Trading System of the Week – Browse Hundreds of “Hands Free” Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices –

Are you ready to go for gold?

 

Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

Get ready to strike gold.

*Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

 

START DATE: June 4, 2023

END DATE: June 9, 2023

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Trading Resource of the Week –

Meet VolBook by Volumetrica Trading Professional Volume Trading Platform
Wed, June 7th, 2023 12:01 PM – 1:00 PM PDT
In this webinar, we’ll tour the platform and take a look at how to utilize Order Flow, Delta Filer bars and other innovative features while observing a variety of futures markets with a focus on some of the smaller Micro futures contracts.
Our host, Antonio Sartorello of Volumetrica will guide attendees as the markets trade in real time. Learn more about VolSys’s core features
• Order Flow and it’s pullback bar
• How to use Advances T&S
• How to use Advanced DOM
• Delta Filter Bars to identify Strength/weakness
• Where are the big traders/ orders?
Attendees will receive a FULLY functionable demo with live data!!
SPACE is LIMITED, so reserve your space now!
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

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

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.
The June dollar Index satisfied its second upside PriceCount objective and is correcting. At this point, if the chart can resume its rally with new sustained highs, the third count would project a run to the 106.50 area although the March highs would represent a significant near term resistance level to contend with.
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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  • Hundreds of “Hands Free” Automated Systems to Choose from!

Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. Browse over 500 trading systems. Review back test results, live results, drawdowns, returns and much more!!
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for June 5th, 2022
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Would you like to receive daily support & resistance levels?
Yes
S
No
S

Weekly Levels

#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

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.

Fed Governors Speak, Will commodities Markets Move? +Futures Trading Levels 5.16.2023

Posted on by Cannon Operations
Get Real Time updates and more on our private FB group!
The Week Ahead!
By John Thorpe, Senior broker
Fed Governor speeches, Retail Sales, Industrial production, Housing starts, Jobless Claims, More Fed Governor speeches, Existing home sales, and, the big one, Jerome Powell speaking on Friday….

Tomorrow Fed Members Mester and Bostic are speaking @ 7:15 and 7:55 am CDT respectively.   Retail sales numbers will be released during Mester’s words @ 7:30 am CDT. Analysts expect Retail sales to rise .07 % from March’s numbers that were negative for auto’s and gasoline. Industrial production will be released shortly thereafter and during Bostic’s speaking engagement @ 8:15am CDT. Analysts expect a flat IP number with capacity utilization lower by a few percentage points as layoffs may accelerate in the manufacturing sector. Wednesday we will see Housing Starts and permits. Analysts have revealed “Housing starts in March edged lower to a 1.420 million annualized rate; April is expected to slip further to 1.405 million. Permits, at 1.413 million in March and, though lower than expected, very near the starts rate, is expected to rise to 1.430 million.”  per Econoday. Jobless claims will be Thursday’s highlighted report and expected to fall within the 250-270K range. Existing Home Sales top of the week’s reports @ 9am CDT  sandwiched in between Fed governor speech’s , Jefferson @ 8:05 am CDT and Logan @ 9 am CDT,,  remember that markets like to discount expectations and only move when the data is out of line with expectations..   we wrap up the Fed Governor’s speeches for the week when the big Kahuna , Fed Chair Jerome Powell will be speaking publically Friday @ 10am CDT!..

As always, plan your trade and trade your plan!

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Are you ready to go for gold?

 

Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

 

You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

 

During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

 

Get ready to strike gold.

 

*Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

START DATE: June 4, 2023

 

END DATE: June 9, 2023

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Plan your trade and trade your plan. 

 

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

Futures Trading Levels

for 05-16-2023

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Economic Reports, Source: 

Forexfactory.com

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Economic reports for future traders

 

 

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.

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.