Category: Grain Futures

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.

Would you like to receive daily support & resistance levels?

Yes

Daily Levels for September 23rd 2024

5f2ead23 5c67 4d34 94a9 f65f637a95b1

Trading Reports for Next Week

435212a9 6b73 4c73 a2f0 fcb1ef3233f7

bf9b3e0d 9c23 44e8 980c a8c01bfbe2cf

Trading Reports for Next Week

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

Improve Your Trading Skills

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

Explore trading methods. Register Here

* 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.

GDP Tomorrow, Earnings Season in Full Play  + Levels for April 25th

Posted on April 24, 2024 by Ilan

Get Real Time updates and more by joining our Private Facebook Group!

Subscribe to our YouTube Channel

C30

A few tips for tomorrow:

If you are trading stock index futures, note price action has been VERY choppy during the day session as most earnings come out after the close…

Coffee and Coca volatility is as high as I have seen in recent months. Large intraday and overnight moves in both, as much as +/- 8% per day!

We have GDP and home sales tomorrow.

Big pullback in both silver and gold and the key question is: Was this profit taking/ deflation of geo political fear and GOOD entry to the long side? OR…is this the near term top for both markets??
Corn daily chart for your review below.

91d5fe9f befc 4c02 b5d6 4fe775ba7b0e

e35cb555 9ff3 4f00 9fe8 0655b28fbd90

Daily Levels for April 25th, 2024

c966fcd9 e95b 47a3 a4d4 aa6f33599e0a

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Improve Your Trading Skills

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

Explore trading methods. Register Here

Coffee Outlook, Beige Book and Crude Oil Numbers + Levels for April 17th

Posted on April 16, 2024 by Ilan

Get Real Time updates and more by joining our Private Facebook Group!

Subscribe to our YouTube Channel

C33

Powell spoke and stock index futures traded in a volatile, zig zag type of trading most of the day unable to break one way or the other and closing near the unchange.

On the daily chart, both the SP and NASDAQ are noticing more pressure to the downside.

One of the keys for day Traders is to try and establish early on what type of day trading environment they are in.

Is this going to be a trend day it is this going to be a choppy low volatility trading day? is the day unfolding has a potential to be a volatile two-sided type of trading day?

Being aware of the top of trading day that is unfolding in front of you can help you decide which strategies to apply on that trading day.

Knowing what reports are coming out. the general direction of the long term charts can help you.

Different strategies will work better in different type of trading environments.

On a different note, softs, i.e. Cocoa, cotton, Coffee , Sugar, OJ are experiencing much higher volatility than historical norms. Cocoa just dropped close to 8% today after trading above the historical mark of $100 per metric ton.

below you will see a daily chart of Coffee futures and possible future direction.

62d19d5f caa4 41f4 9c2e dacb47995f39

e35cb555 9ff3 4f00 9fe8 0655b28fbd90

Daily Levels for April 17th, 2024

535aeb7d 56cc 4a29 baec 89cf769d0efe

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Improve Your Trading Skills

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

Explore trading methods. Register Here

How Important is Hedging for Farmers? + Levels for April 16th

Posted on April 15, 2024 by Ilan

Get Real Time updates and more by joining our Private Facebook Group!

Subscribe to our YouTube Channel

C42

This week we will see a number of fed speakers,

Tomorrow

Live @ 12:15CDT Link to Discussion With Jerome Powell we are providing this link for those that will watch the market and listen simultaneously

A bit of a departure from the usual Monday blog bites. The planting season in the northern hemisphere is under way so a quick review of the importance of Hedging follows:

How Important is Hedging for Farmers?

For farmers, especially those involved in producing commodities like wheat, corn, soybeans, and livestock, the prices of these products can fluctuate significantly due to various factors such as weather conditions, global demand, geopolitical events, and market speculation. These fluctuations can directly impact a farmer’s profitability and financial stability. Here’s why hedging is so important:

Price Stability: Futures trading allows farmers to lock in prices for their produce or livestock at predetermined levels, providing them with a sense of stability and predictability in their revenue streams.
Risk Management: By hedging, farmers can protect themselves against adverse price movements. For example, if a farmer expects the price of corn to decrease before their harvest, they can take a short position in corn futures to offset potential losses.
Budgeting and Planning: Knowing the approximate revenue from their crops or livestock enables farmers to budget effectively, plan future investments, and manage expenses with more confidence.
Access to Capital: Having predictable revenue streams through hedging can make it easier for farmers to secure financing from lenders as they demonstrate a more stable financial outlook.
Competitive Advantage: Farmers who hedge can often compete more effectively in the market by offering consistent pricing to buyers, thereby securing long-term contracts and relationships.
Futures trading serves as a powerful tool for farmers to manage price risk and ensure a more stable financial outlook. By hedging their crops like wheat, corn, soybeans, and livestock, farmers can mitigate the impact of market volatility, plan their budgets effectively, and compete more confidently in the agricultural sector. Understanding and implementing various hedging strategies empower farmers to navigate unpredictable market conditions while safeguarding their profitability.

e35cb555 9ff3 4f00 9fe8 0655b28fbd90

Daily Levels for April 16th, 2024

a238bad2 46e6 4ed7 83ee e36679069fb8

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Improve Your Trading Skills

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

Explore trading methods. Register Here

Weekly Newsletter: Understanding Price Banding, May Bean Oil Outlook and Automated Gold System

Posted on March 15, 2024 by Ilan

Get Real Time updates and more by joining our Private Facebook Group!

Subscribe to our YouTube Channel

C27

Cannon Futures Weekly Letter Issue # 1186

In this issue:

Important Notices – FOMC Next Week
Trading Resource of the Week – Understanding Price Limits and Banding
Hot Market of the Week – May Bean Oil
Broker’s Trading System of the Week – Gold Swing System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices –

FOMC Meeting next week. Announcement on Wednesday.
Light data most of the week. Housing sales
Very few earnings
June is front month for indices, currencies and financials.: M = June
USA is on daylight savings time – most international countries have NOT changed yet.

Trading Resource of the Week : What are Price Limits and Price Banding? by CMEgroup.com

As a trader, you want to know that there are mechanisms in place to ensure an orderly market. A regulated marketplace like CME Group provides this order by setting price limits and price banding.

Price Limits

Price limits are the maximum price range permitted for a futures contract in each trading session. These price limits are measured in ticks and vary from product to product. When markets hit the price limit, different actions occur depending on the product being traded. Some markets may temporarily halt until price limits can be expanded or trading may be stopped for the day based on regulatory rules. Different futures contracts will have different price limit rules; i.e. Equity Index futures have different rules than Agricultural futures.

Example

Equity Indexes futures have a three level expansion: 7%, 13% and 20% to the downside, and a 7% limit up and down in overnight trading.

When price reaches any of those levels the market will go limit up or limit down.

Calculating Price Limits

Price limits are re-calculated daily and remain in effect for all trading days except in certain physically-deliverable markets, where price limits are lifted prior to expiration so that futures prices are not prevented from converging on prices for the underlying commodity.

Typically, Agricultural futures will go limit up or down most often compared to Equity Index futures which very rarely if ever go limit up or down. When trading a specific product, it is important to be aware of price limits and the mechanisms that occur when limits are hit. Traders also know that it is possible for limits to be reached for more than one session in a row, however the expansion of limit thresholds over the last few years have reduced this occurrence.

Price Banding

Price banding is a similar mechanism which subjects all orders to price validation and rejects orders outside the given band to maintain orderly markets. Bands are calculated dynamically for each product based on the last price, plus or minus a fixed band value. Thus, if markets quickly move in one direction, the price bands dynamically adjust to accommodate new trading ranges.

Conclusion

The rules for each market can be found on cmegroup.com.

It is important to note that traders can place trades outside the daily price limits. These trades will be executed when price limits and price bands move within the specified range. So, traders still have the ability to place good-til-canceled or good-til-date orders inside and outside daily price limits.

In the last few years there are fewer and fewer times that markets will actually go limit up or down, but it is important to be aware of these pricing rules when you trade.

Hot Market of the Week – May Bean Oil

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.

May Bean Oil

The rally in May soybean oil accelerated to its second upside PriceCount objective and now the chart is correcting. At this point, IF you can resume the rally with new sustained highs, the third count would project a possible run to the 50.87 area.

PriceCounts – Not about where we’ve been , but where we might be going next!

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.

Spartan Gold

PRODUCT

Gold Futures

SYSTEM TYPE

Swing

COST

USD 75 / monthly

Recommended Cannon Trading Starting Capital

$20,000

Would you like to receive daily support & resistance levels?

Yes

Daily Levels for March 18th 2024

b6a2bf3a a499 4edd 8d8e e4d3d22769b4

Trading Reports for Next Week

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

Improve Your Trading Skills

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

Explore trading methods. Register Here

Weekly Newsletter: Understanding Open Interest, May Wheat Outlook and Automated System of the Week

Posted on March 8, 2024 by Ilan

Get Real Time updates and more by joining our Private Facebook Group!

Subscribe to our YouTube Channel

C23

Cannon Futures Weekly Letter Issue # 1185

In this issue:

Important Notices – Change Your Clocks!
Trading Resource of the Week – Trade Alerts Via Email/Text
Hot Market of the Week – May Wheat
Broker’s Trading System of the Week – MidCap SP Swing System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices –

FED Blackout Period Begins Sat. 9th, lasts for 9 business days
A smattering of earnings. Mostly Microcap to Midcap: Adobe Reports
Tuesday and Thursday Data: CPI, Jobless claim , Retail sales and PPI
Begin Trading June indices if you haven’t already: M = June
Spring your Clocks forward for those countries that subscribe to Daylight Savings.

Trading Resource of the Week : Understanding Open Interest by CMEgroup.com

Understanding Open Interest

Open interest is the total number of futures contracts held by market participants at the end of the trading day. It is used as an indicator to determine market sentiment and the strength behind price trends.

Unlike the total issued shares of a company, which typically remain constant, the number of outstanding futures contracts varies from day to day.

Open interest is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed.

For example, Sharon, Cynthia and Kurt are trading the same futures contract. If Sharon buys one contract to enter a long trade, open interest increases by one. Cynthia also goes long and buys six contracts, thereby increasing open interest to seven. If Kurt decides to short the market and sells three contracts, open interest again increases to 10.

Open interest would remain at 10 until the traders exit their positions, at which point open interest declines. For example, open interest declines to nine when Sharon sells one contract. When Kurt decides to exit his position, he buys back his three contracts and brings open interest down to six. At this point, until Cynthia decides to sell her six contracts, open interest will remain constant at six.

Open interest and volume are related concepts, one key difference is that volume counts all contracts that have been traded, while open interest is a total of contracts that remain open in the market.

Traders can think of open interest as the cash flowing to the market. As open interest increases, more money is moving into the futures contract and as open interest declines money is moving out of the futures contract.

CME Group products with the largest open interest include Eurodollars, Treasuries and stock index futures.

Open Interest Analysis

Analysts typically use open interest to confirm the strength of a trend. Increasing open interest is typically a confirmation of the trend whereas decreasing open interest can be a signal that the trend is losing strength.

The idea is that traders are supporting the trend by entering the market that increases the open interest. As traders lose faith in the trend they exit the market and open interest declines.

Open interest data is published at the end of each day. Additionally, every Friday afternoon, the CFTC publishes a report called the Commitment of Traders.

This report details open interest from different classes of market participants and whether they are holding a long or short position. This breakdown offers valuable insights into what producers, merchants, processors, users, swap dealers and money managers are doing in the market for a futures contract.

Open interest is one variable that many futures traders use in their analysis of the markets used in conjunction with other analysis to support trade decisions. Large changes in open interest can be an indicator when certain participants are entering or leaving the market and may give clues to market direction.

Hot Market of the Week – May Wheat

May Wheat

May wheat in Chicago broke down into a new contract low yesterday where the chart satisfied its third downside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. At this point, IF you can sustain further weakness, we are left with the low percentage fourth objective to aim for around $4.20.

PriceCounts – Not about where we’ve been , but where we might be going next!

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.

Midcap Yello

PRODUCT

MidCap SP

SYSTEM TYPE

Swing

COST

USD 110 / monthly

Recommended Cannon Trading Starting Capital

$50,000

Would you like to receive daily support & resistance levels?

Yes

Daily Levels for March 11th 2024

e931a058 9249 4af7 98b5 3cf281d77937

Trading Reports for Next Week

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

Start Now, Free Trial, No Obligation or credit Card Needed!

Improve Your Trading Skills

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

Explore trading methods. Register Here

Weekly Newsletter: Trading Alerts Via text! , 1099s and levels for Feb. 12th

Posted on February 9, 2024 by Ilan

Get Real Time updates and more by joining our Private Facebook Group!

Subscribe to our YouTube Channel

Abstract financial candlestick chart with line graph and stock numbers in Double exposure style background

Cannon Futures Weekly Letter Issue # 1181

In this issue:

Important Notices – 1099 Forms, Valentines Day, Chinese New year
Trading Resource of the Week – Trade Alerts via Text/email
Hot Market of the Week – March SoyMeal
Broker’s Trading System of the Week – Unleaded Gasoline Swing Trading System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices –

- 1099 forms will be generated for all futures trading accounts held by US clients that placed any trades during the 2023 calendar year. Traders should expect to receive their 1099 forms via mail, email or through their portal in early February.
1099 forms will be provided directly from the FCM to the client.

Important Events Coming Up:

Chinese New Year
CPI
Valentines day
Earnings
Fed Speakers
More Data including PPI

Trading Resource of the Week : Real Time Email Alerts Directly to your Phone!

Self-Study Guide to Hedging with Grain and Oilseed Futures and Options. Regardless if you are a farmer, rancher or simply looking to trade grains and livestock futures, this guide will help you understand the ins and outs of trading and hedging using futures and options.

You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
A licensed series 3 broker at your fingertips
Email alerts available to US and Canada and Int’l clients
Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
Open an account* and receive the Trade Alerts free for 3 months ($357 value)
See an example of a recent trade alert for Coffee Futures in the image below

Hot Market of the Week – March Soymeal

March Meal

March soymeal resumed its slide where the chart is approaching its third downside PriceCount objective in the $340 area. It would be normal to get a reaction after completing the objective in the form of a near term consolidation or corrective trade, at least. The low percentage fourth count to $231 is not shown here for relevancy but the weekly chart shows significant downside potential remains on a longer term basis.

PriceCounts – Not about where we’ve been , but where we might be going next!

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.

TRM Cont v.22 _ RBOB Gasoline

PRODUCT

RBOB Unleaded gasoline

SYSTEM TYPE

Swing

COST

USD 160 / monthly

Recommended Cannon Trading Starting Capital

$20,000

Would you like to receive daily support & resistance levels?

Yes

Daily Levels for February 5th 2024

10d11613 d5ca 43cf 9695 562ec2d7cf28

Trading Reports for Next Week

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

https://business.facebook.com/groups/1105191589938254/

Improve Your Trading Skills

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

Explore trading methods. Register Here

High Volatility + Futures Trading Levels for Oct. 13th

Posted on October 12, 2023 by Ilan

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

What you need to know before trading futures tomorrow – October 13th 2023

by Ilan Levy-Mayer, VP

War in Israel and news coming from the region can create sharp fast moves in variety of markets like gold, crude oil, stocks and bonds.
Univ. of Michigan prelim report is tomorrow.
Soybeans broke to the upside in what seems to be a temporary bottom (see daily chart below)
Bonds resumed downside selling after today’s bond action
Fed member Harker is speaking at 9 Am central time

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

10-13-2023

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

Download your FREE copy of Order Flow Essentials!

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

d2d61803 a952 44f4 9149 91e452464f25

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: Essentials of Order Flow + Futures Trading Levels for Oct. 9th

Posted on October 6, 2023 by Ilan

Cannon Futures Weekly Newsletter Issue # 1166

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 – Essentials of Order Flow
Hot Market of the Week – December Corn
Broker’s Trading System of the Week – NQ 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.

Trading Resource of the Week – Essentials of Order Flow – FREE PDF

Order Flow has been presented as a mystique to potential Traders as well as seasoned Traders. In many cases it is assumed to be an insanely difficult concept to understand. Order Flow is, at its core, the transaction between a Buyer and a Seller. As a Veteran Trader using Order Flow to base my decisions, I can say that order flow is the very core of any market.

In this FREE booklet, you will learn:

What is order flow?
Volume by Price
Footprint
Time & Sales
DOM
Tying it all together

Download the Booklet INSTANTLY

Hot Market of the Week – December Corn

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

December Corn traded to within a dime of its fourth downside PriceCount objective and it increasing appears like that was enough to satisfy the bear move. The September contract and the weekly chart each hit their counts. Now, the chart is activated upset objectives and the first Target to 4.94 has been met. If we can sustain the move and get above $5 there’s a second objective just above to aim for in the 5.03 area.

PriceCounts – Not about where we’ve been , but where we might be going next!

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.

DT Rider M1C NQ v3

PRODUCT

Mini Nasdaq 100

SYSTEM TYPE

Intraday

Recommended Cannon Trading Starting Capital

$18,000.00

COST

USD 155 / monthly

Get Started Learn More

Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

Would you like to receive daily support & resistance levels?

Yes

Trading Levels for Next Week

Daily Levels for October 9th, 2023

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week: www.mrci.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 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!

Weekly Newsletter – Learn About Commodity Spreads+ Futures Trading Levels for Oct. 2nd

Posted on September 29, 2023 by Ilan

Cannon Futures Weekly Newsletter Issue # 1165

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

In this issue:

Important Notices – Trading Contest/Real Cash Prizes
Trading Resource of the Week – Trading Commodity Spreads
Hot Market of the Week – December Wheat-Corn Spread
Broker’s Trading System of the Week – Crude Oil 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.

Trading Resource of the Week – Trading Commodity Seasonal Patterns

When we talk about seasonal patterns in futures, we’re referring to certain conditions and events that repeat annually. Perhaps the most obvious of these is the annual cycle of weather from warm to cold and back to warm. However, the calendar also marks the annual passing of important events, such as the due date for U.S. income taxes every April 15th. Enormous supplies of grain at harvest dwindle throughout the year. Demand for heating oil typically rises as cold weather approaches but subsides as inventory is filled. Monetary liquidity may decline as taxes are paid but rise as the Federal Reserve recirculates funds. Such annual events create yearly cycles in supply and demand.

….Read the Full Article

Hot Market of the Week – December Wheat–Corn

December wheat–corn spread is threatening to negate and break down the September key reversal trade that looks to have failed to stabilize the break. At this point, new sustained lows would project a possible run to the third downside PriceCount objective to the 73 cent area.

PriceCounts – Not about where we’ve been , but where we might be going next!

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.

ZigZag6 – Crude Oil

PRODUCT

Crude Oil

SYSTEM TYPE

Intraday

Recommended Cannon Trading Starting Capital

$31,000.00

COST

USD 100 / monthly

Get Started Learn More

Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

Would you like to receive daily support & resistance levels?

Yes