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Category: Gold Futures

Win 1 OZ Gold Bar! + Trading Levels 5.12.2023

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

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 05-12-2023

#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

3b644da2 2bee 4d39 8d98 5208a20bec39

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.

PPI Tomorrow and the Last 2 Trading Days of the Week Review

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

Last Two Trading Days of the Week:

By Mark O’Brien, Senior Broker

 

General:

 

Despite the fireworks frequently on display from stock index futures immediately preceding the release of the Consumer Price Index report over the last several months, an interesting result followed. In each of the last five releases, the S&P 500 closed within 0.5% of the prior day’s settlement. This is in stark contrast to some of the reports last year, notably November’s CPI release that sent the Nasdaq up ±7%.

 

On the heels of today’s CPI release indexes are looking to finish up with a similar outcome. This morning’s report showed consumer prices up 4.9% from last year, yet it marked the tenth consecutive month the inflation gauge slowed – now down from its peak of 9.1% last June, but still well north of the Federal Reserve’s 2% target.

 

Next up tomorrow at 7:30 A.M., Central Time, the Bureau of Labor Statistics releases its latest reading on prices at the wholesale level: its Producer Price Index.

 

Markets:

 

Metals: After piercing last month’s highs and touching $2,085 / ounce intraday last Thursday, June gold has consolidated somewhat, not too scared or encouraged by today’s inflation report – and not ready to anticipate the Fed.’s next move.

 

July copper sold off ±5 cents today and for the fifth time in the last ten trading sessions has tested 5-month lows near $3.82 / pound. This on the heels of languid economic reading from the world’s largest commodities consumer: China.

 

Energies: The negative sentiment from China dragged crude oil below its 5-6-month intraday low of March 20th at $64.58 per barrel, trading intraday last Thursday to $63.64 per barrel, a ±$20-per-barrel / $20,000 per contract skid from its mid-April ascendance to ±$83 per barrel. Given crude oil’s seemingly continual fixation with the events of the day – whatever they are – volatility remains – and the market has bounced ±$10 per barrel in barely four trading sessions.

 

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.

Futures Trading Levels

for 05-11-2023

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

3b644da2 2bee 4d39 8d98 5208a20bec39

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.

Inflation Data, Debt Limit – The Week Ahead

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

The week Ahead:

By John Thorpe, Senior Broker

The week ahead, more inflation data and the Elephant in the room.   Joe Biden is heading into a critical week with congressional leaders over the debt limit . A battle that neither side wants, that neither side wants to compromise on, but both sides need to resolve. A Tuesday meeting will provide odds of a resolution happening in the few weeks remaining before the debt default deadline, June 1st.     Be prepared for the volume on each sides megaphone’s to be amplified by the ten’s of decibels.          What we do know this week is that no less than 4 Fed board governors will be speaking, 2 on Tuesday during market hours; 7:30 am CDT and 11:05 am CDT respectively, 9:15am CDT Wednesday with Bullard wrapping up the speaking engagements after the Friday close, potentially impacting Sunday nights trade.   Inflation DATA : Fasten your seat belts for these 2 numbers CPI Wednesday morning @ 7:30 CDT , economists expectations are really no change from the previous months data, that seems like more of a hope to me, be ready if you like to trade the CPI for anything. Speaking of being ready for anything, Thursday mornings release of the PPI @ 7:30 am CDT may also create unnatural volatility as economists are expecting producer prices to have increased in April from the March reports decline. prepare yourselves for large intraday moves. keep your ears to the wall as you listen for clues to further fed tightening or pauses as these Fed Governors’ speak. At Cannon we are known for creating a trading plan and trading that plan.

Plan your trade and trade your plan. 

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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 05-09-2023

#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

3b644da2 2bee 4d39 8d98 5208a20bec39

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: Trading Signals on your Charts! + Levels for April 17th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1141

 

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

In this issue:

  • Important Notices – Goodbye Eurodollar 🙁
  • Trading Resource of the Week – Live Customized Trading Signals on your Charts
  • Hot Market of the Week – June Gold
  • Broker’s Trading System of the Week – E-mini SP Intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – Goodbye Eurodollar

Heads up traders:
Today we say goodbye to a commodity that for ±20 years starting in the early 2000’s held the title of largest open interest futures contract in the world: the Eurodollar. Long the benchmark for hedging short-interest rates, it is being replaced today by the Three-Month Secured Overnight Financing Rate (SOFR) Futures.
SOFR measures the cost of borrowing U.S. dollar cash overnight using Treasury securities as collateral. SOFR has been recommended by the U.S. Federal Reserve’s Alternative Reference Rate Committee (ARRC) and SOFR looks set to become the main indicator of U.S. dollar interest rates around the world as global regulators encourage market participants to transition to SOFR.
CME Group launched SOFR-based futures in 2018 to support the transition. Starting today, any Eurodollar exposure where the start date is beyond June 30, 2023, will automatically convert to the corresponding CME SOFR. For more information regarding the conversion process, please visit the CME Group web site.

  • Trading Resource of the Week – Customized Trading Signals

Try our in-house created family of technical studies
Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.
Approach focuses on counter-trend and trend following price action and trade management.
Some examples for educational purposes below in the screen shot
#ES, Mini S&P
ES Futures charts with buy sell indicators

 

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.
June Gold is approaching its second upside PriceCount objective where it would be normal for the chart to react with a near term consolidation or corrective trade upon satisfying the count. At this point, IF there is another leg up to this bull run, the 3rd PriceCount objective run is towards the 2261 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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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
$12,000
COST
USD 130 / 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.

  • Trading Levels for Next Week

Daily Levels for April 17th, 2022
#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

Weekly Levels

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  • Trading Reports for Next Week

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

PPI Tomorrow + 04.13.2023 Trading Levels

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

 

Looking at the last two trading days of the week By Mark O’Brien, Senior Broker:

General: The March Consumer Price Index came in cooler than expected, showing a rise of 0.1% in March. Economists polled by Dow Jones were expecting CPI to rise by 0.2% month over month.

 

Minutes from the Federal Reserve’s March policy meeting showed officials feared that the economy could tilt into a mild recession later this year in the wake of the U.S. banking crisis.

 

Yesterday, Bitcoin futures (BTC) pushed over the $30,000 level for the first time since June 2022. This on the heels of a ±10,000-point move from March 10 when the April contract traded to an intraday low of 19,620 and closed at 20,110.

 

Today, May orange juice futures closed at an all-time high of $2.8490 per pound a remarkable ±80-cent / $12,000 move from late January. This year, the U.S. orange crop is forecast to be the smallest since 1937. Output has generally been in decline since peaking 25 years ago, though this year’s losses in Florida – a global top producer still – are extremely sharp. Yesterday, the USDA pegged the 2022-2023 U.S. orange crop at 62.25 million boxes, an 86-year low and down 23% on the year. That is less than 20% of U.S. output compared to the record 1997-1998 season.

 

May sugar futures traded today to 6 1/2 -year highs and an intraday high of 24.85 cents/pound continuing its months-long charge from the 17-18-cent range (one cent = $1,120). News of lower-than-expected production in some key regions and tightening supplies have persisted into the year.

 

For the seventh consecutive session, June gold has closed above $2,000/ounce. Referencing the Fed minutes mentioned above, economists have cited rising interest rates and now a potentially more acute slowdown in lending after the collapse of several U.S. banks as a possible trigger of a recession this year. The prospect of a U.S. recession boosts safe-haven demand for gold, which has been on a tear since early-March – with a ±$200 per ounce / $20,000 move.

 

Plan your trade and trade your plan. 

 

First Notice and Last trading Days for the month of May below

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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.

Futures Trading Levels

for 04-13-2023

#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

3b644da2 2bee 4d39 8d98 5208a20bec39

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.

Post FOMC Market Action? + 03.23.2023 Trading Levels

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

Post FOMC:

By Mark O’Brien, Senior broker

General

 

Count ‘em: nine in a row. That’s how many meetings the Federal Reserve has increased its key interest rate. As of today’s .25-point increase, the federal funds rate target range stands at 4.75%-5.00%, the highest level since September 2007. The vote by all 11 members of the Federal Open Market Committee was unanimous. Clearly, the bank runs that toppled Silicon Vally Bank and roiled the banking industry have been front and center in the financial world the last two weeks, but the situation fazed Fed officials little if at all. “The U.S. banking system is sound and resilient,” said the prepared policy statement released at 1:00 P.M., Central Time today. Fighting inflation, it seems, remains the Central Bank’s focus.

 

Metals

 

On Monday, gold futures (basis April) pierced through $2,000 per ounce intraday for the first time in a year as the U.S. banking crisis spread to Europe with Credit Suisse, a preeminent name in global investment banking, sought help from Switzerland’s central bank and then put itself up for sale. This marked a ±$18,000 per 100-oz. futures contract move in just eight trading sessions from March 9.

 

Grains

 

Wheat continued its ±8-month slide from its multi-year spike high above $13/bushel on the heels of Russia’s invasion of Ukraine to lows not seen since July ’21 as traders see improvement in U.S. winter wheat crop conditions and a lack of significant weather issues across key northern hemisphere wheat producers. The front month May contract closed today at it’s life-of-contract low of $6.22 ¾ per bushel.

 

Energy

 

Crude oil continued its almost 9-month decline in prices from over $120 per barrel last June to trade below $65 per barrel (basis May) on Monday, including a ±$15 / $15,000 per contract fall from March 7, scarcely two weeks.

 

Natural gas basis its May futures contract tested 32-month lows yesterday, threatening to punch through $2.00 per million British thermal units (MMBtu). With the North American winter heating season approaching its end, residential, commercial, and industrial gas demand has been on the decline.

 

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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 03-23-2023

#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

 

3b644da2 2bee 4d39 8d98 5208a20bec39

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: WTI Crude Futures Trading Challenge + Trading Levels 3.20.2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1138

 

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

In this issue:

  • Important Notices – WTI Crude Futures Trading Challenge
  • Trading Resource of the Week – Live Breaking News Audio Service
  • Hot Market of the Week – April Gold
  • Broker’s Trading System of the Week
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – WTI Futures Trading Challenge

WTI Futures Trading Challenge
March 26-31, 2023
The global benchmark for crude oil is fabulous at 40
Take part in our special Trading Challenge to honor the 40th anniversary of WTI Crude Oil futures. Practice trading in a simulated environment with the most liquid crude oil futures benchmark in the world. Use our established, time-tested market with around-the-clock liquidity and global participation as you get to know our suite of WTI contracts in a risk-free environment that mimics live markets.
Learn why WTI has amassed worldwide interest
Have a gas as you explore WTI futures and simulate trading with the world’s most liquid oil contract. Receive daily education lessons from CME Group’s Owain Johnson, Managing Director of Research and Product Development. Gain valuable experience in a simulated environment while competing for a top spot.
Prizes for eligible participants
The top three finishers for this challenge will earn cash prizes. The top 40 finishers will also receive a complimentary copy of the recent book written by Owain Johnson, titled 40 Classic Crude Oil Trades.
This competition is open to residents in the United States (US), Canada (CA) excluding Quebec, *Brazil (BR), United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), Republic of Korea (KR), Taiwan (TW), and Japan (JP).
*Residents of Brazil must have a bank account in the United States to be eligible to receive a prize.

 

  • Trading Resource of the Week

  • Futures Market Squawk Box Features
  • Up to the second trading information
  • Informative streaming audio for accurate price and volume data
  • Firsthand knowledge that was once only available to floor traders
  • Expertise regarding buyers and sellers and how the market reacts
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.
PriceCounts – Not about where we’ve been , but where we might be going next!
April Gold: April gold corrected after completing the first upside PriceCount objective in January now the chart is threatening to resume its rally where a sustained high would project a run to the second count in the 2052 area
April Gold, #GC
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
3b644da2 2bee 4d39 8d98 5208a20bec39
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$25,000
COST
USD 70 / monthly
c7dfcf51 533e 4cc5 b207 1c78a691c89f
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.

  • Trading Levels for Next Week

Daily Levels for March 20th, 2022
#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

Weekly Levels

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  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
567ffcb2 2618 4274 ac96 47e938b6ce4c

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

Weekly Newsletter #1134: Gold Outlook + President’s Day Schedule + Trading Levels 2.20.2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1134

 

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

In this issue:

  • Important Updates: President’s Day Trading Schedule
  • Trading Resource of the Week – Measuring Your Trading Progress
  • Hot Market of the Week – Gold Futures
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Presidents Day Futures Trading Schedule 2023
GLOBEX CME, ICE Presidents Day Futures Trading Schedule 2023
At some point in nearly everyone’s trading timelines, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to other traders in the industry is a natural curiosity and a human psychological tendency. However, actually knowing the success or failure rates of others doesn’t do a lot to move you farther down the road of where you want to be regarding trading success.
Most traders also wonder about the success rates of the “professional” traders—the ones who make their living solely by the profits they generate from trading. I will provide you with an answer to this question at the end of this feature.
Below are 10 questions regarding measuring your own trading progress and success. These questions should help you determine where you stand in this challenging field of endeavor.
1. What is trading “success?” This is a most basic question. Most would agree that ultimate trading success is defined as being profitable at trading—making more money than you lose. There are other secondary factors that also define success in trading, such as finding a “balance” between trading and other life activities. But it’s being profitable at trading that is the benchmark of defining success.
2. What is trading “progress?” Beginning traders should not expect to have immediate and ultimate success trading futures, stocks or FOREX markets. What they can expect in the early going is to make steady progress through gaining knowledge and experience. Even veteran successful traders continue to make trading progress. Achieving and maintaining trading success requires continual progress—namely continuing to seek out trading and market knowledge. Traders who truly enjoy the “progress” and process of trading do have a significant trading edge over those who do not enjoy learning and gaining experience.
3. At what point in my trading timeline should I expect trading “success?” Trading success (winning trades) can come right away—even for the beginning traders. What is less likely for the inexperienced traders is sustained trading success. Beginners can even run into a “hot streak” that skews the overall reality of trading. Immediate (and likely fleeting) success for a beginning futures trader can do longer-term psychological harm—if he or she does not fully recognize and understand the hard work and perseverance required on the road to trading success. Many times I get questions from less-experienced traders that go something like this: “I’ve been trading two years and I’ve only been able to about break even.” My reply to them is, “Hey, you should not be too discouraged with those results. Many traders don’t have that kind of success in the early going.”
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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.
PriceCounts – Not about where we’ve been , but where we might be going next!
April Gold satisfied its first upside PriceCount objective last month and could not sustain further strength. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 1797. It would take a trade below the November reactionary low to negate the remaining upside targets.
#GC
April Gold Futures Chart
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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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 February 6th, 2022
#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

Weekly Levels

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  • Trading Reports for Next Week

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

Finish the Week Strong! + Trading levels for 12.08.2022

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

What to Look for as we Finish the Trading Week

By Mark O’Brien, Senior Broker

Energy:

After starting the year near $72 per barrel, by June, West Texas crude oil (Jan. ’23 futures contract) climbed to its highs above $108 per barrel. Today, Jan. crude oil traded to an intraday low of $71.75, a ±$36 per barrel (±$36,000) leap and fall.

Not to be out don’t, after breaching $10.00 per million British thermal units in early August, natural gas traded below $5.34 intraday yesterday, a whopping ±46% cut in the asset’s value and a ±$46,000 move for a single futures contract (Jan. ’23 futures contract).

Metals:

Albeit experiencing a slight correction this week so far, gold (Feb. ’23 futures contract) managed to hold nearly all of its ±$170 rally through $1,800 per ounce off its multi-year lows of early November near $1,635 per ounce – a ±$17,000 move in one month.

Announcements:

Keep an eye on the calendar for important U.S. government reports this Friday, starting with the Labor Department’s release of its Producer Price Index showing the cost of wholesale goods and services. The reading reflects what companies pay for supplies such as grains, fuel, metals, lumber, packaging and so forth. This is a key inflation gauge in the midst of four-decade high wholesale prices. Release time: 7:30 A.M., Central Time.

Also on Friday, the USDA will release its Crop Production Report along with its World Supply/Demand report (likely the more critical). It’s delivered at 11:00 A.M., Central Time.

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

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 12-08-2022

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SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March Euro Currency

 

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 – Trading Resources and more! 12.05.2022

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1124

 

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

In this issue:
  • Trading Resource of the Week
  • Hot Market of the Week
  • Broker’s Trading System of the Week
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Trading Resource of the Week

If you traded recently while Powell was speaking, perhaps during a CPI report or even more so as NFP (non farm payrolls) numbers come out – YOU KNOW HOW IMPORTANT THESE NEWS ITEMS ARE!!
TRADETHENEWS.COM IS A SERVICE WHICH PROVIDES BREAKING NEWS VIA AUDIO AND TEXT. INSIGHT INTO HOW THE MARKET IS REACTING AND MANY OTHER VALUABLE TOOLS!
The First
To provide audio news squawks in 1998.
Entering our second decade of market
moving analysis.
Depth of Coverage
Professional analysts broadcasting 24 hrs
for American, European and
Asian markets.
Speed
Analyst teams are recognized
globally as the fastest source
for market intelligence.
Diverse Platform Offerings
Audio, text headlines, calendars and ability to ask questions to analysts live through platform.
Unbiased Insight
Completely independent – Unlike other services,
Trade The News is not backed by any trading firm.
Confidence
Extensive 10+ year proprietary databases
that allow analysts to back check news instantly to prevent errors.

  • Hot Market of the Week – Feb Gold

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.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$10,000
COST
USD 175 / 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.

 

  • Trading Levels for Next Week

Daily Levels for December 5th

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Weekly Levels

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  • Trading Reports for Next Week

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

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.