Market Movers This Week: Options on Futures, Grains, Hedging, Powell Testimony, CPI & PPI, WASDE, and Earnings Reports

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Cannon Futures Weekly Letter

In Today’s Issue #1229

  • 1099’s Are Available
  • The Week Ahead –
  • Futures 102 – Hedging With grains, Options on Futures
  • Hot Market of the Week – April Hogs
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

1099’s:

1099 forms will be generated for all futures trading accounts held by US clients that placed any trades during the 2024 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.

·    To login and retrieve your 1099 for your Cannon account via StoneX click here

·    To login and retrieve your 1099 for your Cannon account via Ironbeam click here

·    To login and retrieve your 1099 for your Cannon account via Dorman click here

For any other FCM’s please contact your broker directly.

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

 

Humphrey Hawkins Testimony week, Fed Chair Powell gives testimony to the Senate Banking Committee beginning @ 9:00 am CST Tuesday the 11th, Wednesday he walks over to the House Financial Committee and answers questions for the congressional body. CPI,PPI! WASDE week! + 5Fed Speakers, 1000’s of midcaps reporting past earnings and future guidance.

Economic releases are relatively light this week with one exception: Consumer Price Index (CPI) pre-market Friday. The Fed Speakers will be at the podium for the foreseeable future as we don’t have another Fed rate decision until late March.

 

Earnings Next Week:

  • Mon. McDonalds
  • Tue. Coca-Cola, Softbank
  • Wed. Cisco
  • Thu.  Applied materials
  • Fri. Quiet

 

 

FED SPEECHES:

  • Mon Quiet
  • Tues. Hammock 7:50 CST, Chair Powell Testimony 9amCST, Bowman and Williams 2:30pmCST
  • Wed. Chair Powell Testimony 9am CST, Bostic 11:00 am CST, Waller 4:05PM,
  • Thu. Quiet
  • Fri. Quiet

Economic Data week:

  • Mon. Consumer inflation expectations
  • Tue. WASDE Ag Numbers 9amCST, NIFB Optimism index
  • Wed. CPI
  • Thur. Initial Jobless Claims, PPI
  • Fri. Retail Sales, Capacity Utilization, Business Inventories

Futures 102: Hedging Grains with Options on Futures

Course Overview

Gain an understanding of how buyers and sellers of grains and oilseeds utilize futures and options to hedge their position to manage price risk.  This course will enhance the hedger’s understanding of the different strategies available as well as how the basis affects prices.

Start Now

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Hot Market of the Week

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

Free Trial Available

December 25 Corn

April Hogs satisfied a second upside PriceCount  objective before turning sideways with a range bound trade. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential run to the 100.96 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.

Brokers 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.

ES NZL

PRODUCT

Mini SP500

 

SYSTEM TYPE

Day Trading

 

Recommended Cannon Trading Starting Capital

$36,000

 

COST

USD 199 / monthly

 

Get Started

 

Learn More

 

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Would you like to get weekly updates on real-time, results of systems mentioned above?
Yes
No

Trading Levels for Next Week

Daily Levels for February 10, 2025

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Would you like to receive daily support & resistance levels?
Yes
No

Trading Reports for Next Week

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

www.mrci.com

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Find us on Trustpilot

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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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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US January Non-Farm Payroll Report: Key Forecasts and Market Impact

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NFP Tomorrow – Non Farm Payrolls Tomorrow

Non Farm Payrolls

US January Non-Farm Payrolls data will be released Friday morning at 7:30 am CT. Economists are forecasting non-farm payrolls +170,000 compared to the previous month’s +256,000. The January jobless rate is expected at 4.1%, unchanged compared to the previous month. Average hourly earnings are expected up +0.3% month over month.

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With Non-Farm Payroll coming in tomorrow, We suspect a busy, volatile Friday as other reports and speakers will be out. Make sure to check calendar below.

April Hogs satisfied a second upside PriceCount  objective before turning sideways with a range bound trade. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential run to the 100.96 area.

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Daily Levels for February 7th, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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Find us on Trustpilot

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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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

S
Facebook  Instagram  LinkedIn
S
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Services
Software
Tools
Community
Contact

 

First and Last Commodity Trading Days February 2025

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First Notice & last trading Days for February

Please see below First Notice and Last Commodity Trading days for February! Make it a disciplined trading month.

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Daily Levels for February 4, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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Find us on Trustpilot

stars

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

S
Facebook  Instagram  LinkedIn
S
ef3ab1c9 8d6d 4e60 a3f1 af5d9d4ecbb3
Services
Software
Tools
Community
Contact

April Gold Futures Hit Record High Amid Tariff Concerns and Weaker Dollar

Pass the Knowledge – Feel Free to Forward to a Friend!

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon, or wherever you listen to podcasts!

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Gold Futures Trading at All Time Highs!

April gold futures – the most-active futures contract – hit a new all-time high as the dollar pushed lower and traders sought safety amid concerns over the new U.S. administration’s tariff measures. April gold settled up 2.7% at $2,845.20 per ounce, after hitting a record intraday high of $2,853.20 earlier in the day. The prior record of $2,800.80 was set in late October.

 Gold Weekly Chart with Possible targets for your Review Below:

Trade gold futures and select from three different contract sizes – 100-oz., 50-oz. and 10-oz. – with a FREE, top-of-the-line trading platform that includes built-in charts, hundreds of indicators, a great DOM and super low day trading margins.

Don’t have time to do it yourself? Work with an experienced broker!

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Daily Levels for January 31st, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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 Holds Rates Steady Amid Persistent Inflation; Markets React with Volatility

Pass the Knowledge – Feel Free to Forward to a Friend!

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon, or wherever you listen to podcasts!

Futures Brokers USA

What you need to know before trading futures on Jan. 30th:

By Mark O’Brien, Senior Broker

General:

Going into the fed’s meeting this month, financial markets widely expected the central bank to hold interest rates steady, breaking a streak of three consecutive rate cuts.  Pointing to stubborn inflation readings and an economy hardly in need of rescuing, the Fed. did just that: nothing.  “We feel like we don’t need to be in a hurry to make any adjustments,” Fed Chairman Jerome Powell said.   The Fed’s policymaking committee voted unanimously to maintain their target for the federal-funds rate today, at a range of 4.25%-4.5%.  The FOMC announcement noted unemployment “has stabilized at a low level” and “inflation remains somewhat elevated,” which noticeably removed a reference from its prior rate decision of inflation making “progress” toward the 2% target.  Inflation has remained above the Fed’s 2% target for 45 consecutive months and counting.

Stock Indexes:

Stock index futures started oscillating immediately after the fed announcement at 1:00 Central Time, and through Fed chairman Jerome Powell’s 1:30 press conference with the March E-mini S&P 500 trading to daily contract lows just shy of 6040.00 between those events then swinging up over 40 points above 6080 within 30 minutes.

Energy:

Oil prices fell today, with the U.S. benchmark West Texas Intermediate touching a multi-week low after today’s weekly API report showed crude stockpiles rose more than expected last week.

The March crude oil futures contract fell to $72.33 a barrel intraday today, a ±$7.00 per barrel / $7,000 per contract move over just nine trading sessions and the lowest level since Jan. 2.

Grains:

Tightening global corn supplies have had investors’ attention for months and March corn futures have steadily made a bullish move.  Today’s intraday high of $4.97½ per bushel marks a ±80-cent gain since its $4.14 intraday low back on Oct. 17.

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Daily Levels for January 30th, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Weekly Newsletter: Week Ahead+ World Cup Championship, Trading Levels for Jan 13th

Pass the Knowledge – Feel Free to Forward to a Friend!

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon, or wherever you listen to podcasts!

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In this issue:

  • StoneX/E-Futures Platform Updates
  •  Important Notices – Earnings, CPI, PPI, Housing
  • Futures 102 – World Cup Trading Championship
  • Hot Market of the Week – March 10 Year Notes
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week
To our clients whose accounts are with StoneX and currently using the E-Futures Platform:

  • The new StoneX Futures platform will be up and running Monday, Dec. 16th.

 

  • Your existing LIVE user name and password will be accepted.

 

  • Your existing exchange data subscriptions will migrate to the new platform.
  • To login to the new trading interface please login here:

https://m.cqg.com/stonexfutures

  • If you like a demo ( and did not have a demo of StoneX Futures yet) CLICK HERE
  • In the mean time, your E-Futures platform will stay active until a date no earlier than Fri., Dec. 27th, with a firm decommission date to be announced
Important Notices – Next Week Highlights:

The Week Ahead

By John Thorpe, Senior Broker

 

766 corporate earnings reports as the season swings into action with the largest U.S. Banks! A number of meaningful Economic data releases including CPI, PPI and There will be a series of FED Speakers throughout the week.

 

Earnings Next Week:

  • Mon. Quiet (59rpts mid and smallcaps)
  • Tue. Quiet (25rpts Mid and smallcaps)
  • Wed. (162 rpts) Pre-Open JP Morgan Chase, Wells Fargo, Goldman Sachs, Black Rock, Citigroup, Bank of NY, Oracle after the close
  • Thu.  ( 186 rpts) Pre-open Tiawan Semiconductor, United HealthCare, BofA, Morgan Stanley, US Bank.
  • Fri. Quiet (108 mid and small caps rpts)

 

FED SPEECHES:

  • Mon. Quiet
  • Tues. Schmid 9 am CST, Williams 2:05 CST
  • Wed. Barkin 8:20 CST, Kashkari 9 am CST, Williams 10 am CST, Goolsbee 11 am CST
  • Thu. Quiet
  • Fri. Quiet

Economic Data week:

  • Mon. Consumer Inflation Expectations,
  • Tues. RedBook, PPI
  • Wed. CPI, NY Empire State Manufacturing Index
  • Thur. Jobless claims, Philly Fed, Retail Sales, Business Inventories, NAHB Housing Market Index
  • Fri. Building Permits, Housing Starts, Industrial Production

Futures 102: World Cup Trading Championship

Minimum Starting Balance

The minimum starting account balance is $10,000 for Futures and $5,000 for Forex.

Win a Bull & Bear Trophy

1st place finishers win a coveted pewter bull and bear trophy. 2nd and 3rd place finishers win beautiful crystal bull and bear trophies.

Global media exposure.

Prove your abilities on the world’s stage and build credibility.

Launch Your Trading Career

Top finishers may be invited to have their trading featured on WorldCupAdvisor.com. Subscribers may pay to follow their trades automatically.

ENTER NOW

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  • Hot Market of the Week

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

FREE TRIAL AVAILABLE

 

March 10 Year Treasury Notes

The March 10 year treasury notes have resumed their break into a new low. At this point the chart is taking aim at its third downside PriceCount objective to the 106^24 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.

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.

ES NZL

 

PRODUCT

Mini SP500

SYSTEM TYPE

Day Trading

Recommended Cannon Trading Starting Capital

$36,000

COST

USD 199 / monthly

Get Started

Learn More

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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.
Would you like to get weekly updates on real-time, results of systems mentioned above?
Yes
No

Daily Levels for January 13th, 2025

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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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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Weekly Newsletter: Mini SP Automated Trading System, Levels for Monday, Soymeal Outlook & More!

Pass the Knowledge – Feel Free to Forward to a Friend!

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon, or wherever you listen to podcasts!

C24

In this issue:

  • StoneX/E-Futures Platform Updates
  •  Important Notices – Earnings, FOMC Minutes, NFP, Jan 9th National Mourning.
  • Futures 102 – SP500 Outlook + Premium Daily Research Trial
  • Hot Market of the Week – March Soymeal
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week
To our clients whose accounts are with StoneX and currently using the E-Futures Platform:

  • The new StoneX Futures platform will be up and running Monday, Dec. 16th.

 

  • Your existing LIVE user name and password will be accepted.

 

  • Your existing exchange data subscriptions will migrate to the new platform.
  • To login to the new trading interface please login here:

https://m.cqg.com/stonexfutures

  • If you like a demo ( and did not have a demo of StoneX Futures yet) CLICK HERE
  • In the mean time, your E-Futures platform will stay active until a date no earlier than Fri., Dec. 27th, with a firm decommission date to be announced
Important Notices – Next Week Highlights:

The Week Ahead

By John Thorpe, Senior Broker

 

258 corporate earnings reports; none, in my humble opinion, that would jar an index. A number of meaningful Economic data releases including FOMC Minutes, Non-Farm Payrolls and WASDE. There will be a series of FED Speakers Prior to the cash equity index openings throughout the week.

 

Earnings Next Week:

      • Mon. Quiet (7 rpts)
      • Tue. Quiet (19 rpts)
      • Wed. (30 rpts)
      • Thu. Quiet (58 rpts)
      • Fri. Quiet (144 rpts)

 

 

FED SPEECHES:

      • Mon. Cook, 8:15 am CST
      • Tues. Barkin 7 am CST
      • Wed. Waller 7:30 am CST , FOMC Minutes 1:00 pm CST
      • Thu. Harker 8 am CST,  Barkin, Schmid and Bowman all Mid Day.
      • Fri.

Economic Data week:

      • Mon. Factory Orders, S&P Global PMI Final
      • Tues. Balance of Trade , Redbook, ISM svcs PMI, Business Inventories, JOLTS
      • Wed. ADP, FOMC MINUTES
      • Thur. Jobless claims,
      • Fri. Non Farm Payrolls, Mich. Consumer Sentiment , WASDE

The President has declared January 9, 2025, as a National Day of Mourning in observance of the passing of former President James Earl Carter, Jr.

 

      • There will be revised trading hours next week on January 9, 2025. All Equity Index options expiring January 9th will be moved to expire on January 8th.

Click Here to view CME Group Special Trading Hours – U.S. National Day of Mourning Trading Schedule

Futures 102: Daily Research Free Trial

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Get Personalized Trading Reports Like the One Above Directly to your Inbox!

SIGN UP FOR A FREE TRIAL

  • Get qualified support and resistance levels for precise risk management on different commodity markets.
  • Get pivot points that highlight shifts in the futures market momentum.
  • Get technical forecasts to keep you on the right side of a specific commodity trading market.
  • One on One “Daily Digest” with a dedicated series 3 professional.
  • Hot Market of the Week

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

FREE TRIAL AVAILABLE

 

March Meal

March meal completed its first upside PriceCount objective to the $322 area which was consistent with the measuring gap objective. The chart is correcting, which is a normal near term reaction. IF you can resume the rally with new sustained highs, the second count would project a potential run to the $335 area. Open counts to the downside remain in play if we resume the break.

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.

ES NZL

 

PRODUCT

Mini SP500

SYSTEM TYPE

Day Trading

Recommended Cannon Trading Starting Capital

$36,000

COST

USD 199 / monthly

Get Started

Learn More

0a609d8c b92b 403b 9e6b 6ac738000ef8
04c5535c a74a 4b3a 9faf 15582ff0809b
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 get weekly updates on real-time, results of systems mentioned above?
Yes
No

Daily Levels for January 6th, 2025

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7d5f26c3 8986 41e5 8614 67d99457488f

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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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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.

Best Futures Trading Platform

When exploring the best futures trading platform to enhance your trading experience, platforms like E-Futures International and CannonPro stand out as exemplary choices for their robust features, intuitive interfaces, and tools tailored to effective risk management. Trading futures requires a deep understanding of market dynamics, leveraging the right tools, and adopting strategies that minimize risk while optimizing returns. This article will delve into the top ten tips for using these futures trading platforms, highlight aspects where your broker can provide more insights, and explore key risk elements that traders must address. We will also discuss why Cannon Trading Company is a stellar choice for trading futures with a strong emphasis on risk management.

The Role of Futures Trading Platforms in Risk Management

Before diving into specific tips, it is essential to understand why trading platforms like E-Futures International and CannonPro are integral to trading futures successfully. These platforms provide advanced charting tools, market analysis, and real-time data feeds, enabling traders to make informed decisions. Coupled with the guidance of a knowledgeable commodity broker, these platforms empower both novice and experienced traders to navigate the complexities of the futures market.

Top Ten Tips for Using E-Futures International and CannonPro

  1. Utilize Advanced Charting Features

    • Why It Matters: Futures trading heavily relies on technical analysis. Both E-Futures International and CannonPro offer advanced charting tools that allow users to identify trends, resistance levels, and entry/exit points.
    • Risk Management Angle: Accurate charts reduce the likelihood of poor decision-making, ensuring that trades are based on data rather than speculation.
    • Broker Insight: Your broker can guide you in setting up these charts and interpreting key indicators like moving averages and Bollinger Bands.
  2. Leverage Real-Time Market Data

    • Why It Matters: Having access to up-to-the-second market information is critical for executing timely trades.
    • Risk Management Angle: Delays in market data can lead to significant losses, especially in volatile markets.
    • Broker Insight: Brokers can explain how to interpret price movements and volume data to anticipate market trends.
  3. Customize Trading Interfaces

    • Why It Matters: Both platforms allow users to customize their dashboards to prioritize frequently used tools and data feeds.
    • Risk Management Angle: A well-organized interface reduces the chance of errors during fast-paced trading.
    • Broker Insight: Ask your broker to recommend the best configurations based on your trading strategy.
  4. Master the Use of Stop-Loss Orders

    • Why It Matters: Stop-loss orders automatically close a trade once the price reaches a predefined level, limiting potential losses.
    • Risk Management Angle: They act as a safety net, preventing significant financial damage in volatile markets.
    • Broker Insight: Brokers can provide guidance on where to set stop-loss levels based on market conditions and risk tolerance.
  5. Understand Margin Requirements

    • Why It Matters: Futures trading operates on margin, meaning you trade with borrowed funds. Misunderstanding margin requirements can lead to margin calls.
    • Risk Management Angle: Proper margin management ensures that you don’t overleverage your positions, reducing the risk of liquidation.
    • Broker Insight: Brokers can clarify margin requirements for different contracts and suggest conservative leverage ratios.
  6. Experiment with Demo Accounts

    • Why It Matters: Both E-Futures International and CannonPro offer demo accounts, which are invaluable for learning the platform and testing strategies without risking real money.
    • Risk Management Angle: Practice accounts enable traders to refine their skills and avoid costly mistakes in live markets.
    • Broker Insight: Brokers can provide realistic scenarios to practice, making the transition to live trading smoother.
  7. Stay Updated with Market News

    • Why It Matters: Futures markets are influenced by economic data, geopolitical events, and market sentiment.
    • Risk Management Angle: Staying informed helps traders anticipate market movements and adjust their strategies accordingly.
    • Broker Insight: Brokers often provide curated news feeds and market analysis tailored to specific futures contracts.
  8. Monitor Open Positions Closely

    • Why It Matters: Futures trading requires active monitoring due to the fast-paced nature of the market.
    • Risk Management Angle: Regularly reviewing open positions ensures that traders can react swiftly to adverse movements.
    • Broker Insight: Your broker can provide alerts or insights about market changes that could impact your positions.
  9. Utilize Risk Management Tools

    • Why It Matters: Platforms like CannonPro and E-Futures International offer tools like position-sizing calculators and volatility indices.
    • Risk Management Angle: These tools help traders align their strategies with their risk tolerance.
    • Broker Insight: Brokers can demonstrate how to use these tools effectively and integrate them into your trading plan.
  10. Seek Educational Resources

    • Why It Matters: Understanding the intricacies of how to trade futures is crucial for long-term success.
    • Risk Management Angle: Education reduces reliance on guesswork and increases the likelihood of consistent profits.
    • Broker Insight: Many brokers offer webinars, tutorials, and one-on-one coaching tailored to specific trading goals.

Key Aspects Where Brokers Provide Valuable Insight

While trading platforms offer a wealth of tools and features, the role of a commodity broker remains indispensable. Brokers can provide the following insights:

  • Market Trends: Brokers have access to proprietary research and analysis that can provide an edge in understanding market dynamics.
  • Platform Tutorials: They can walk you through advanced platform functionalities, ensuring that you use all features effectively.
  • Tailored Strategies: Brokers can recommend strategies based on your risk tolerance, capital, and market interests.
  • Regulatory Updates: Brokers stay updated on regulatory changes that may affect your trades, ensuring compliance.
  • Psychological Support: Trading can be emotionally taxing, and brokers often provide perspective to prevent impulsive decisions.

Elements of Risk to Be Aware of in Futures Trading

Trading futures inherently involves risks that must be carefully managed. These include:

  • Leverage Risk: The high leverage in futures trading magnifies both gains and losses.
  • Market Volatility: Sudden price swings can lead to unexpected losses.
  • Liquidity Risk: Some contracts may have low liquidity, making it challenging to enter or exit positions.
  • Counterparty Risk: Although clearinghouses mitigate this, there’s still a minimal risk of default.
  • Systemic Risk: External factors like economic downturns or political instability can impact market performance.

Why Awareness Matters: Understanding these risks allows traders to implement safeguards like diversification, proper position sizing, and hedging strategies.

Why Cannon Trading Company Excels in Futures Trading

Cannon Trading Company has earned its reputation as one of the best futures trading platforms for several reasons:

  • Comprehensive Platform Options: Cannon offers multiple trading platforms, including CannonPro, catering to a wide range of trading styles and needs.
  • Exceptional Customer Support: Their team of experienced brokers provides personalized support, helping traders navigate complex markets.
  • Focus on Education: Cannon Trading emphasizes trader education through webinars, articles, and one-on-one consultations.
  • Risk Management Tools: The platform includes advanced tools for managing risk, ensuring that traders can protect their capital effectively.
  • Transparency and Trust: As a regulated brokerage, Cannon prioritizes transparency, ensuring that clients are fully informed about fees, risks, and market conditions.

Selecting the best futures trading platform is a critical step toward achieving success in the futures market. Platforms like E-Futures International and CannonPro offer powerful tools and features that enable traders to execute informed trades and manage risks effectively. By leveraging the expertise of a knowledgeable commodity broker and focusing on continuous learning, traders can navigate the complexities of trading futures with confidence.

Cannon Trading Company stands out as a premier choice for traders looking to combine cutting-edge technology with exceptional support and robust risk management practices. By following the tips outlined in this article and maintaining a disciplined approach, traders can maximize their potential in the dynamic world of futures trading.

For more information, click here.

Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

 

Post-FOMC Moves: Markets React to Rate Cut and Outlook

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C24

The Day After FOMC – What will the Markets Do?

By Mark O’Brien, Senior Broker

 

General:

The Federal Reserve lowered interest rates by a quarter percentage point today, lowering the Fed’s benchmark federal-funds rate to a range between 4.25% and 4.5%, a two-year low.

“Today was a closer call but we decided it was the right call,” Powell told reporters at its post-announcement press conference. “It was the best decision to foster achievement of both of our goals,” referring to price stability and maximum employment.

The Fed cut rates at its two previous meetings, beginning with a half-percentage-point reduction in September and a quarter-point cut last month.

The Federal Reserve downgraded its view of how inflation will progress next year.  Back in September officials had penciled in around four cuts next year.  New projections released Wednesday show officials expect to make fewer rate reductions next year.  Most penciled in two cuts for 2025 if the economy grows steadily and inflation continues to decline.

Stock Indexes:

The Dec. E-mini Dow Jones futures contract and its related cash index are approaching a fifty-year record with today’s sell-off capping a 10-day losing streak – its worst since an 11-day slide in 1974.  Despite the streak, the Dow sits roughly 5% from an all-time high.

Stock index futures across the board sold off after the announcement.  The Dec. E-mini S&P 500 has fallen ±160 points / ± 2.6% as of this typing, moving further away from its all-time closing high 6096.75 on Dec. 4.

Crypto:

After trading intraday yesterday to yet another all-time high of 108,960, December Bitcoin futures have fallen ±8000 points below 10100 late this session.

 

 

Daily Chart of the mini SP500 below:

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Daily Levels for December 19, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Weekly Newsletter: Rollover, Levels for Monday, Sugar Outlook & More!

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C67

Cannon Futures Weekly Letter Issue # 1221

In this issue:

  • StoneX/E-Futures Platform Updates
  •  Important Notices – Earnings, FOMC, Rollover, The Week Ahead.
  • Futures 102 – SP500 Outlook + Premium Daily Research Trial
  • Hot Market of the Week – March Sugar
  • Broker’s Trading System of the Week – NQ intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

 

To our clients whose accounts are with StoneX and currently using the E-Futures Platform:

  • The new StoneX Futures platform will be up and running Monday, Dec. 16th.

 

  • Your existing LIVE user name and password will be accepted.

 

  • Your existing exchange data subscriptions will migrate to the new platform.
  • To login to the new trading interface please login here:

https://m.cqg.com/stonexfutures

  • If you like a demo ( and did not have a demo of StoneX Futures yet) CLICK HERE
  • In the mean time, your E-Futures platform will stay active until a date no earlier than Fri., Dec. 27th, with a firm decommission date to be announced

 

 

Important Notices – Next Week Highlights:

 

The Week Ahead

By John Thorpe, Senior Broker

 

  • 122 corporate earnings reports and a number of meaningful Economic data releases including Core Personal Consumption and Expenditures Index (PCE) a closely watched Data point for the FED.Additionally, The final fed funds rate decision of 2024 will be announced on Wed. Dec. 18th, to be followed by Chairman Powell’s presser 30 minutes later.Below are the Rate change Probabilities as of this morning from the CME Fedwatch tool.

     

     

    Prominent Earnings Next Week:

    • Mon. Quiet (32 rpts)
    • Tue. Quiet (19 rpts)
    • Wed. Micron, Lennar Homes Post close
    • Thu. Quiet (30 rpts)
    • Fri. Quiet (18 rpts)

     

     

    FED SPEECHES:

    • Wed. 1:30 P.M. CST FOMC Chair Jerome Powell, leads Fed Presser on Rate decision.

     

    Economic Data week:

    • Mon. NY Empire State Manu. Index, S&P Global PMI Composite,
    • Tues. Retail Sales , Redbook, Industrial Production, Business Inventories, Housing Market Index,
    • Wed. Bldg Permits, Housing Starts, FOMC Rate Decision, Economic projections
    • Thur. Jobless claims, Core PCR, GDP Final, Philly Fed, Conference Board Leading Economic Indicators, Existing Home Sales
    • Fri. Core PCE Price Index, Personal Income
    •  For stock index futures traders, it’s time to “roll over” and start trading the March ’25 futures contracts. This Friday, Dec. 20th at 8:30 A.M., Central Time, the Dec. ’24 futures contracts will officially halt trading and the exchange will cash settle all open positions. 

 

 

Futures 102: Daily Research Free Trial

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Get Personalized Trading Reports Like the One Above Directly to your Inbox!

SIGN UP FOR A FREE TRIAL

  • Get qualified support and resistance levels for precise risk management on different commodity markets.
  • Get pivot points that highlight shifts in the futures market momentum.
  • Get technical forecasts to keep you on the right side of a specific commodity trading market.
  • One on One “Daily Digest” with a dedicated series 3 professional.

 

 

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    • Hot Market of the Week 

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

FREE TRIAL AVAILABLE

March Sugar

The rally in March sugar ran out of momentum and the chart has been trending lower since. If the chart can sustain its break from here, the second downside PriceCount projects a possible run to the 20.16 area. It would take a trade below the September reactionary low to formally negate the remaining unmet upside count which would also be consistent with targeting the third downside count.

 

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.

Fusion NQ

 

PRODUCT

Nasdaq 100 Mini

 

SYSTEM TYPE

Swing Trading

 

Recommended Cannon Trading Starting Capital

$50,000

 

COST

USD 150 / monthly

 

Get Started

Learn More

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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.
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Daily Levels for December 16th, 2024

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Weekly Levels for the week of

December 16th, 2024

 

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Trading Reports for Next Week

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