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

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Volatility – New All Time High on Gold, Silver!

Learn How to hedge utilizing Options

By John Thorpe, Senior Broker

options

Option Hedging 201

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

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

You can use these for any market with liquid options.

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

Read the rest along with specific examples and charts.

 Instant Viewing/Download: Hedging with Options Cheat Sheet

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SPECIAL WEBINAR Tomorrow- limited space

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

Perhaps it’s time to learn about spread trading?

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

This is the second in a series of four episodes!

Date & Time

Oct 15, 2025 1:30 PM Central

Register Today – Space is Limited!

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December Canadian Dollar

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

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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.

Daily Levels for Oct. 15th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

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Economic Reports

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

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

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

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Volatility – New All Time High on Gold!

volatility

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

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

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

New All-time highs on gold!!

Here are some ideas to explore during times like these:

1.      You don’t have a crystal ball.

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

2.      If you are able to,

share your read with another trader,

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

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

be prepared to for the pullbacks.

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

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

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

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

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December Cocoa

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

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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.

Daily Levels for Oct. 14th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

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

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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Day Trading Week! Fed Speakers, December Hogs, Swing Trading, Levels, Reports; Your 6 Important Need-To-Knows for Trading Futures the Week of October 13th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1262

  • The Week Ahead – Fed Speakers Galore…

  • Futures 101 – Podcast: Insight into Day Trading Futures

  • Hot Market of the Week – Dec. Hogs

  • Broker’s Trading System of the Week – Mini SP Swing Trading System 

  • Trading Levels for Next Week
  • Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

day trading

Traders, much like the Federal Reserve Board, are dependent on data that, during a government shutdown is barely existent. 17 Fed speakers!  The markets are sure to move then, but wait, that’s not all, Fed Chair Powell on Economic Outlook and Monetary Policy.

As for earnings reports? Q3 begins next week!  Major Banks report first. (see Below)

The on again off again nature of Tariff news has created golden opportunities for breakouts in some markets, rangebound trades in others.  The gold market exploded out of its range I have been writing about for months.  Watch Crude oil to see if it stays in its $60.00-$65.00 range and the Dollar index too! The longer the range trade the harder and faster the breakout typically is.

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

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

 Earnings Next Week:

  • Mon. Quiet
  • Tue. JPM , JNJ, WFG, GS, BLK, C
  • Wed.  BAC, MS, ABT,
  • Thu. SCHW, BK, USB
  • Fri.   AXP,

FED SPEECHES: (all times CDT)

  • Mon.  Paulson 11:55 am,
  • Tues.  Bowman 7:45, Fed Chair Powell 11:20am, Waller 2:25, Collins 2:30
  • Wed.   Bostic 11:10, Miran 11:30, Waller Noon,
  • Thu.     Barkin 7:00am, Barr, Miran, Waller all 8:00am, Bowman 9:00am , Barkin 10:45am, Miran 3:15pm, Kashkari, 5:00pm
  • Fri.      Musalem 11:15

Economic Data week: 

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

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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

Dec. Hogs

The rally in December hogs stalled out last month and now the chart has activated downside PriceCounts on the correction lower. The first count projects a possible slide to the 81.11 area.”

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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

ALGOsigmaX E-mini S&P ES

Markets Traded:   Mini SP500 ES/EP

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $50,000

Developer Fee per contract: $205 Monthly Subscription

Get Started

Learn More

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Disclaimer The risk of trading can be substantial, and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

IMPORTANT RISK DISCLOSURE

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

The returns for trading systems listed throughout this website are hypothetical in that they represent returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real-time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below.

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

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.

IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.

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

Please read full disclaimer HERE.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Daily Levels for Oct 13th, 2025

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Trading Reports for Next Week

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

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

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

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Around the Clock Crypto Futures Trading Ahead

By Mark O’Brien, Senior Broker

crypto

General: Crypto Trading Round-The-Clock

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

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

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

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

Stock Index Futures:

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

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

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

Metals:

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

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

Energies:

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

December Dollar Index

The December dollar index broke out into a new high and completed its first upside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. If the chart can sustain further strength, the second count projects a possible run to the 99.60 area, consistent with a challenge of the August reversal high.

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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.

Daily Levels for Oct. 9th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

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

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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

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Trading Resources, December Silver, Levels, Reports; Your 4 Important Need-To-Knows for Trading Futures on October 8th, 2025

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Trading Resources

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Some useful resources for trading on Cannon Trading Website!

Heat Map:

Daily Research

Economic Calendar

Trading Courses

FOMC Minutes will be out tomorrow as FOMC is not a govt. agency!

Contact our trading desk today with any questions about the markets!

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December Silver

The rally in December silver is approaching its third upside PriceCount objective in the 49.373 area. This target is consistent with a test of the all-time high from 2011. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. If the chart can sustain further strength, we are left with the low percentage fourth count objective in the 71.55 area (not shown here for presentation purposes).

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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.

Daily Levels for Oct. 8th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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

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

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Silver Hitting Multi Years Highs

silver

Silver Soars

By Andy Hecht – www.cqg.com

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

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

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

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

A bullish trend since the 2020 low

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

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

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

202510-1 image
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December Gold

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

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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.

Daily Levels for Oct. 7th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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

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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FOMC amid Government Shutdown, Metals, Dec/March Corn Spread, Levels, Reports; Your 4 Important Must-Knows for Trading Futures the Week of October 6th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1261

  • The Week Ahead -Govt. Shut Down & FOMC Minutes

  • Futures 101 – Podcast: Futures Spreads Explained

  • Hot Market of the Week – Dec./March Corn Spread

  • Broker’s Trading System of the Week – Mini SP Swing Trading System

  • Trading Levels for Next Week
  • Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

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fomc

FOMC Minutes Wednesday.

If the Govt shutdown ends, the economic data will again flow. Please review the list at the bottom of the newsletter for potential data releases and reporting times. Currently Government issued data is considered non-essential and recall, the Fed is independent of the government so there will be a release of the minutes from the last meeting.

Will metals hit all-time highs? Nearly 46 years later, Silver, January 17, 1980, $49.95 troy oz. today? $48.08 troy oz. basis December. Almost there.

Gold continues to make all-time highs. Today? Gold was trading @ $3912.00 as of this writing with an intraday high of $3916.80 basis December,

Copper 5.0820 Is today’s print. 5.94 was the all-time high this past July.

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

Continued volatility to come

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

Earnings Next Week:

  • Mon. CVS
  • Tue. McCormick and Co.
  • Wed. ABC-Mart
  • Thu. Pepsi , Delta Air
  • Fri. Quiet

FED SPEECHES: (all times CDT)

  • Mon.
  • Tues. Bostic 9am, Miran 9:30am, KashKari 10:30 am
  • Wed. Musalem 8:20am, Barr 8:30 am, FOMC MINUTES 2PM. Kashkari 2:15pm, Barr 4:45pm
  • Thu.  Bowman 7:35am, Barr 11:45, Bowman 2:45 pm.
  • Fri.   Goolsbee 8:45am, Musalem Noon
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Futures Spreads Explained Podcast – Instant Viewing

In this episode snippet of the Cannon Trading Podcast, we discuss Spread Trading.

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.

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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

Dec. / March Corn Spread

The Dec-March corn spread has broken out of its downtrend and activated upside PriceCount objectives. The first count projects a run to the -15.25 area.

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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

ALGOsigmaX E-mini S&P ES

Markets Traded:   Mini SP500 ES/EP

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $50,000

Developer Fee per contract: $205 Monthly Subscription

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Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

IMPORTANT RISK DISCLOSURE

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

The returns for trading systems listed throughout this website are hypothetical in that they represent returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real-time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.

IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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Daily Levels for Oct 6th, 2025

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

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Continue reading “FOMC amid Government Shutdown, Metals, Dec/March Corn Spread, Levels, Reports; Your 4 Important Must-Knows for Trading Futures the Week of October 6th, 2025”

Last Trading Day of the Month + Levels & Reports; Your 4 Important Must-Knows for Trading Futures on September 30th, 2025

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Trading Futures on the Last Trading Day of the Month

last trading day

Last Trading Day of September: What You Need to Know

On the last trading day of the month, futures markets often see elevated volume and more abrupt intraday swings as large participants—CTAs, hedge funds, commodity pools, and corporates—rebalance, roll, or close positions for performance reporting and risk alignment. Those flows can cluster around key reference windows (e.g., settlement periods and cash-market closes), creating brief liquidity vacuums where spreads widen, slippage increases, and stop cascades are more likely.

Even when overall volume is high, liquidity can be uneven, with deeper book liquidity alternating with thin pockets—so an order that would normally fill cleanly may experience partial fills or adverse selection. It’s also common to see basis and calendar spreads move sharply as rolls concentrate, especially in equity index, rates, energy, and metals.

Practical pointers: come in with a predefined plan and smaller initial size, use limit or passive orders where possible, and avoid chasing late-month breakouts unless your setup and risk budget justify it. Keep an eye on roll calendars, first notice day (for deliverable commodities), margin changes, and any month-end economic releases that can amplify flows (e.g., regional PMIs, rebalancing signals).

Monitor depth-of-book and implied spread quotes; if spreads widen, consider adjusting targets and stops rather than forcing entries. Be wary of Trade-at-Settlement/settlement-period prints if you’re not deliberately targeting the fix.

Finally, tighten process discipline: mark your levels early, define max slippage, and be comfortable standing down if the tape becomes disorderly—not trading is a position. (Educational only—this is not investment advice; manage risk according to your plan and account constraints.)

Have a question about ANY futures market? Trading techniques? Platforms? Trading Algos? Most of our brokers have over 12 years experience and can be one of the most valuable resource you have access to! Speak/chat/email a broker now.

That’s the Last Trading Day of the Month! Plan your Trade and Trade Your Plan!

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November Canola

November canola resumed its break into a new low. If sustained, the third downside PriceCount objective projects a slide to the 592 area. It takes a trade below the December reactionary low to formally negate the remaining unmet upside count.

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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.

Daily Levels for Sept. 30th, 2025

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Economic Reports

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All times are Eastern Time ( New York)

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

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

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Silver and Gold Break Out: Expanding Your Trading Horizons

by Ilan Levy-Mayer, VP

Silver and Gold Break Out: Expanding Your Trading Horizons

silver

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

Trading Strategies for Precious Metals, Gold & Silver

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

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

More Than Just Day Trading

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

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

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

 

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Nov. Soybeans

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

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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.

Daily Levels for Sept. 23rd, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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

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Fed Announcements, CPI, PPI, WASDE, Levels, Reports; Your 6 Important Must-Knows for Trading Futures the Week of September 8th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1257

  • The Week Ahead – Fed Announcements, Blackout

  • Futures 101 – Trade and Risk Management

  • Trading Levels for Next Week

  • Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

fed

OPEC+ Sunday meeting, U.S. CPI, PPI and WASDE will be featured next week as earnings reports lighten up and we have entered into the Fed Blackout period.

Analysts expect the OPEC+ meeting Sunday to consider another round of production increases reflecting a shift in focus where demand is projected to accelerate. Bearish development for crude prices as the EIA reported a surprise increase on the U.S. crude stockpiles Thursday. WTI Crude prices are currently trading at the lower end of a $60.00 bbl -$65.00 bbl price range @$62.06 basis the October futures contract.

There was a sudden change in rate change probability this morning for the next Fed Meeting hosted by Chair Jerome Powell. Sep. 17 is the next rate decision. This graph is from the CME FedWatch tool, and it tracks the movement, real-time, of the fed fund futures contracts.

First time the market is considering .50 rate reduction for the September meeting.

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  Markets have already priced in this probability so it’s important to watch these numbers to see how the markets react today to these probabilities changing, I am talking about precious metals (inflation), Bonds (long term rates following short term to varying degrees), the energy complex (cheaper capital higher demand), Equities (cheaper capital), Currencies (capital flows out of US dollar denominated assets to higher interest rate debentures)

The on again off again nature of Tariff and Russia/Ukraine war talks has created golden opportunities for breakouts in some markets, rangebound trades in others.

Continued volatility to come as next week all markets will be reacting to whatever comes out of U.S. Govt leadership relating to conflicts cessation and trade deals, especially with China, India, Canada and Russia. Also, remember that Mexico’s extension will end October 29.

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

Earnings Next Week:

  • Mon. Quiet
  • Tue. Synopsys, GameStop
  • Wed.  Quiet
  • Thu. Adobe, Kroger
  • Fri.   Quiet

FED SPEECHES: (all times CDT)

  • Mon.  Fed Blackout
  • Tues.  Period
  • Wed.  8 business days prior
  • Thu.    To the Fed
  • Fri.      Rate announcement

Economic Data week:

  • Mon.  Consumer Inflation Expectations, Consumer Credit
  • Tue.   NFIB Bus. Optimism Index,  Redbook Y o Y, NFP Annual Revision (prior yr. -818 jobs)
  • Wed.  Core PPI, EIA Crude Stocks, 17-week Bill auction
  • Thur.  CORE CPI,  EIA NAT GAS Storage, Fed Balance sheet,
  • Fri.   Mich. Consumer sentiment, World Agriculture Supply and Demand Estimates.

Trade and Risk Management

Course Overview 14 minutes

“If you have an approach that makes money, then money management can make the difference between success and failure…I try to be conservative in my risk management. I want to make sure I’ll be around to play tomorrow. Risk control is essential.” – Monroe Trout, Trout Trading

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Daily Levels for Sept. 8th, 2025

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

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