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Category: Metal Futures

Trading metal futures? If you are planning to, then it is important to know that in this kind of trading you always have to come prepared. Do your homework and track the indices daily. Take out time and check how metals are doing in different parts of the world.

Take a look at the Eastward market every day. The first markets to open are the Asian ones. Begin your tracking of indices from here. Apart from this you will also have to be regular with reading the business reports. There is much work for you to do before you put your money in metals futures.

Because trading requires one to take out a considerable amount of time for studying and analyzing, and because a lot of people have everything but time, there are traders and brokers. We at Cannon Trading can assist you with trading. If you want to trade yourself, we give you the advice. In short, we are there to help you with whatever you have got. Here we have a category archive that lists some informative blogs on metal futures and trading. Go through these valuable posts to increase your knowledge of metal futures.

Futures Brokers USA

Posted on by Ilan

The futures trading landscape in the United States is at the cusp of significant evolution, driven by advances in technology, changing regulations, and shifting trader demographics. For anyone engaged in futures trading—whether seasoned professionals or novices—understanding the dynamics of this transformation is critical. Futures brokers in the USA, known for providing access to commodities, indices, and currency markets, are navigating this shift with an eye on innovation and adaptability. In this comprehensive exploration, we’ll examine the future of futures brokerages in the U.S. and highlight what traders should anticipate as 2025 approaches. Along the way, we’ll explore the role of Cannon Trading Company, a leading name among futures brokers in the US, and why it stands out in an increasingly competitive field.

The Evolving Landscape of Futures Trading

Futures trading has a long-standing history of facilitating risk management and speculative opportunities. Traditionally, it was a domain dominated by institutional traders and large-scale hedgers. However, the rise of technology has democratized access to futures trading, enabling retail traders to participate alongside institutional players. Futures brokers in the USA have adapted to this trend by offering diverse platforms, competitive pricing, and robust educational resources.

Case Study: The Shift to Algorithmic Trading

Take the example of a mid-sized agricultural producer in Kansas. In 2015, they relied on manual trading to hedge their corn production against market volatility. By 2023, with the advent of algorithmic trading and artificial intelligence (AI), they transitioned to automated systems provided by top futures brokers in the US. This shift not only improved their trading efficiency but also reduced human error and enhanced profitability.

By 2025, experts predict that more than 70% of futures trading will be executed through algorithmic systems. This trend underscores the importance of choosing a broker equipped with cutting-edge technology. Cannon Trading Company, for instance, excels in this area, offering platforms like Sierra Chart and MultiCharts, which cater to both discretionary and algorithmic traders.

Regulatory Changes and Their Impact

The futures market is one of the most heavily regulated sectors in the financial industry. The National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) play pivotal roles in ensuring market integrity. As we approach 2025, several regulatory changes are expected to shape the industry:

  • Enhanced Transparency: Regulators are likely to mandate greater transparency in fee structures, ensuring that traders clearly understand the costs associated with their trades.
  • Improved Cybersecurity Standards: With the increasing reliance on digital platforms, futures brokers in the USA must comply with stringent cybersecurity measures to protect client data and funds.
  • Focus on Sustainability: Regulatory bodies may introduce guidelines encouraging brokers to support environmentally sustainable practices, particularly in commodity markets like energy and agriculture.

Real-Life Anecdote: Adapting to Regulation

In 2021, a small retail trader in California faced challenges navigating margin requirements for crude oil futures. They switched to Cannon Trading Company after discovering its transparent approach to compliance and margin policies. The trader’s success in managing risk through Cannon’s educational resources highlights why compliance and transparency are integral to the best brokers for futures.

The Role of Technology in Futures Trading

Technology continues to revolutionize the futures trading ecosystem. By 2025, brokers will likely integrate even more advanced tools to enhance trading experiences, such as:

  • AI-Driven Analytics: Platforms will leverage AI to provide predictive analytics, helping traders identify trends and make informed decisions.
  • Blockchain Technology: Futures brokers in the US may adopt blockchain to streamline settlement processes, reduce fraud, and improve transparency.
  • Mobile-First Platforms: With the growing number of traders using mobile devices, brokers will prioritize mobile-first designs to ensure seamless trading on the go.

Hypothetical Scenario: The Day Trader’s Advantage

Imagine a day trader in New York using a platform equipped with AI analytics and real-time blockchain data verification. This trader identifies a bullish trend in the gold market and executes a profitable trade within seconds. Such scenarios highlight the potential of technological advancements to empower futures trading brokers and their clients.

Cannon Trading Company is well-positioned to lead this charge. Its diverse selection of trading platforms, including the highly rated E-Futures International and Optimus Flow, caters to traders of all experience levels. These platforms offer features like advanced charting, backtesting, and customizable indicators, ensuring traders have the tools they need to succeed.

Demographic Shifts and Trader Preferences

The demographic profile of futures traders is shifting. Millennials and Gen Z traders, known for their tech-savviness and preference for online platforms, are entering the market in greater numbers. These traders demand:

  • Educational Resources: Interactive tutorials, webinars, and market analysis to enhance their trading knowledge.
  • Social Trading Features: Tools that allow them to follow and replicate the strategies of successful traders.
  • Low-Cost Access: Competitive pricing with minimal commissions and fees.

Case Study: The Novice Trader’s Journey

A college graduate in Florida started trading futures in 2022 using a mobile app. Initially overwhelmed by the complexity of the market, they turned to Cannon Trading Company for guidance. With its robust educational resources and responsive customer support, the broker helped the trader build confidence and execute successful trades. By 2025, such brokers will play a pivotal role in onboarding and nurturing the next generation of futures traders.

Why Cannon Trading Company Stands Out

Cannon Trading Company exemplifies the qualities of a top-tier futures broker in the US. Here’s why it’s a great choice for trading futures contracts:

  • Wide Selection of Platforms: From beginner-friendly options like E-Futures to advanced platforms like Sierra Chart, Cannon Trading caters to diverse trading styles and preferences.
  • Regulatory Excellence: With decades of experience and a stellar reputation with the NFA and CFTC, the company ensures compliance and trustworthiness.
  • Customer-Centric Approach: The broker’s 5-star ratings on TrustPilot reflect its commitment to exceptional service and support.
  • Competitive Pricing: Cannon Trading offers transparent fee structures, ensuring traders know exactly what they’re paying for.
  • Educational Support: The company provides a wealth of resources, including market analysis, webinars, and personalized consultations, to help traders succeed.

Preparing for 2025: Key Takeaways for Traders

As the futures trading industry evolves, traders must adapt to stay competitive. Here are some tips to prepare for the changes ahead:

  • Embrace Technology: Leverage advanced platforms and tools to enhance your trading efficiency.
  • Stay Informed: Keep up with regulatory developments and adjust your strategies accordingly.
  • Choose the Right Broker: Opt for a broker like Cannon Trading Company that offers a comprehensive suite of services and a proven track record.
  • Invest in Education: Continuously enhance your trading knowledge through courses, tutorials, and market analysis.

By aligning with a forward-thinking broker and staying proactive, traders can thrive in the dynamic futures market of 2025 and beyond.

The future of futures brokerages in the USA is bright, marked by technological innovation, regulatory advancements, and changing trader demographics. Brokers like Cannon Trading Company exemplify the adaptability and excellence needed to succeed in this evolving landscape. Whether you’re a novice exploring futures trading or a seasoned professional seeking advanced tools, Cannon Trading offers the platforms, expertise, and support to help you achieve your trading goals.

By understanding the trends shaping the industry and aligning with a trusted partner, traders can navigate the complexities of the futures market with confidence. As 2025 approaches, the opportunities for growth and success in futures trading are more abundant than ever.

For more information, click here.

Ready to start trading futures? Call us at1(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.

 

 

Futures Broker

Posted on by Ilan

The futures trading market, known for its high risk and high reward potential, is not only a game of skill and strategy but also one that requires choosing the right futures broker. For novice and seasoned traders alike, navigating the world of future brokers can be fraught with challenges, especially when determining who to trust. With so much at stake—both financially and emotionally—it is crucial to recognize the signs of a reliable futures broker versus the red flags of an unreliable one. This guide will dive into the top ten signs of a trustworthy broker and the ten glaring warning signs to avoid, drawing on real-world cases, hypotheticals, and practical advice. We will also explore how traders can minimize their risks and why firms like Cannon Trading Company stand out as exceptional choices in the futures trading landscape.

Top Ten Signs of a Reliable Futures Broker

  1. Regulatory Compliance and Transparency A trustworthy futures broker is always registered with reputable regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the U.S. These registrations ensure compliance with stringent standards. Look for clear disclosures on their website, including license numbers and links to verification tools.

Case Study: A trader working with a broker fully licensed by the NFA avoided significant losses when the broker promptly alerted clients to regulatory changes affecting margin requirements. This transparency showcased the firm’s commitment to protecting its clients’ interests.

  1. Comprehensive Educational Resources Reliable futures brokers invest in educating their clients. They provide webinars, tutorials, and market analyses tailored to both beginners and experienced traders. Access to free trading platforms for practice is another strong indicator of a broker’s credibility.

Hypothetical: A beginner is torn between two brokers. One offers a free demo account and extensive learning material, while the other provides no educational resources. The beginner chooses the former and gains valuable experience in futures trading without risking real money.

  1. Fair and Transparent Fee Structures Reputable brokers clearly outline their fee structures, including commissions, margin rates, and withdrawal fees. Hidden charges are a sign of a broker to avoid.

Real Example: Cannon Trading Company is known for its transparency, offering clients detailed breakdowns of trading costs, ensuring there are no surprises.

  1. Quality Customer Service Trustworthy future brokers provide responsive and knowledgeable customer service, available across multiple channels, including phone, email, and live chat. Look for brokers with highly rated customer support.

Hypothetical: A trader faces a platform error during a critical market movement. The broker’s 24/7 support resolves the issue within minutes, preventing significant losses.

  1. User-Friendly Platforms A good broker provides intuitive and reliable trading platforms that cater to various levels of expertise. Features like advanced charting tools, real-time data, and easy execution of trades are essential.

Case Study: A trader using a platform provided by a reliable broker successfully executed a stop-loss order during a market crash, avoiding catastrophic losses thanks to the platform’s reliability.

  1. Access to a Wide Range of Markets Reliable futures brokers offer access to various markets, from commodities and indices to currencies and energy. This diversity allows traders to build robust portfolios.
  2. Strong Online Reputation High ratings on platforms like TrustPilot and positive reviews across forums and social media reflect a broker’s trustworthiness. Cannon Trading Company, for example, boasts numerous 5-star reviews, highlighting its reliability.
  3. Risk Management Tools Trustworthy brokers emphasize the importance of risk management by providing tools like stop-loss orders, margin calculators, and alerts.
  4. Industry Longevity Experience matters in futures trading. Brokers with decades of operation have weathered market changes, proving their resilience and reliability.

Example: Cannon Trading Company, with over 30 years in the industry, has built a stellar reputation for reliability and integrity.

  1. Ethical Practices Trustworthy brokers never pressure clients into excessive trading, upsell unnecessary products, or promise unrealistic profits. Their goal is long-term partnerships, not short-term gains.

Top Ten Red Flags of an Unreliable Futures Broker

  1. Lack of Regulatory Oversight Brokers without registration with major regulatory bodies are immediate red flags. Always verify their credentials.

Hypothetical: A trader works with an unregulated broker who disappears overnight with their funds—a devastating yet avoidable situation.

  1. Unrealistic Profit Guarantees Promising guaranteed returns in futures trading is a major red flag. The futures market is inherently volatile, and no broker can ensure profits.
  2. High-Pressure Sales Tactics Brokers that pressure clients into making quick decisions or investing more than they’re comfortable with are not to be trusted.

Case Study: A novice trader was persuaded to over-leverage their account, resulting in significant losses when the market turned against them.

  1. Hidden Fees Shady brokers often bury exorbitant fees in the fine print, from withdrawal charges to “maintenance fees.”

Example: One trader discovered after a year that their broker charged monthly inactivity fees, eroding their profits.

  1. Poor Customer Support Brokers that are difficult to reach or provide vague responses to inquiries are signs of trouble. A lack of support can be disastrous during market volatility.
  2. Unreliable Platforms Frequent outages, execution delays, or lack of robust security measures are clear signs of a broker to avoid.
  3. Fake Reviews and Endorsements Be wary of brokers with overly polished or suspiciously similar online reviews. Genuine testimonials are diverse and specific.
  4. Limited Account Transparency Reliable brokers offer full visibility into account activity. Lack of transparency may signal mismanagement or fraud.
  5. Excessive Leverage Offers Brokers offering extremely high leverage may be enticing but are often designed to capitalize on inexperienced traders’ losses.
  6. Unverified Claims of Longevity Brokers claiming decades of experience without proof or clear histories are likely unreliable.

Navigating Pedestals and Pitfalls as a Beginner

For those new to trading futures, separating the reliable from the questionable can be daunting. Follow these steps to minimize financial and emotional risk:

  1. Do Your Homework Research brokers extensively. Use resources like the NFA’s BASIC system to verify registrations.
  2. Start Small Begin with small trades to learn the mechanics of futures trading without risking significant capital.
  3. Leverage Demo Accounts Take advantage of brokers offering free trading platforms and demo accounts to practice.
  4. Understand the Market Educate yourself on futures trading, including market terminology, strategies, and risk management.
  5. Ask Questions A reliable broker will answer all questions openly. If a broker seems evasive, look elsewhere.
  6. Avoid High-Pressure Sales Walk away from brokers pushing you into decisions without providing ample time for consideration.

Why Cannon Trading Company Excels in Futures Trading

Cannon Trading Company exemplifies the qualities of a reliable futures broker. With over 30 years in the industry, it is regulated by the CFTC and a proud member of the NFA. The company is renowned for its transparency, offering clear fee structures and a range of account options. Its free trading platform allows beginners to learn the ropes without financial pressure, while its exceptional customer service ensures clients receive timely support.

Moreover, Cannon Trading Company’s stellar reputation on TrustPilot, with numerous 5-star ratings, speaks volumes about its reliability. The firm prioritizes client education through webinars and detailed market analyses, enabling traders to make informed decisions. Its dedication to ethical practices and robust regulatory compliance sets it apart in a crowded market.

The future trading market is filled with opportunities, but success begins with choosing the right futures broker. Recognizing the signs of a reliable broker—such as regulatory compliance, transparent fees, and quality support—while avoiding red flags like hidden charges, poor customer service, and unregulated operations can save traders from costly mistakes. For beginners, starting small, asking questions, and leveraging educational resources can help navigate this challenging yet rewarding field. Brokers like Cannon Trading Company stand out for their decades of experience, ethical practices, and commitment to client success, making them a top choice for trading futures.

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

SP500 Index Futures

Posted on by Ilan

The S&P 500 Index Futures, also known as standard & poor’s 500 index futures, is a financial derivative that allows traders to speculate on the future value of the S&P 500 Index, one of the most widely followed stock market indices in the world. These futures contracts serve as a means of managing risk, offering both hedging capabilities and speculative opportunities. The s and p 500 futures contract provides exposure to the U.S. stock market’s performance without requiring traders to hold the actual underlying stocks. This contract’s prominence has made it one of the most traded assets globally, reflecting trends, economic indicators, and market sentiment.

Origins and Initial Trading

The standard and poor’s 500 futures contract has its roots in the financial markets of the early 1980s. Developed by the Chicago Mercantile Exchange (CME), it was officially introduced for trading in 1982. The concept was initially designed to give institutional and retail investors an efficient way to hedge their portfolios against fluctuations in the S&P 500, which represents approximately 80% of the total U.S. market capitalization.

In the late 1970s, U.S. markets were becoming increasingly volatile due to various economic factors, such as inflation and changes in monetary policy. The S&P 500 index, established decades earlier, had gained a solid reputation for accurately representing the U.S. economy’s performance. As a result, financial professionals and individual investors alike were seeking new ways to protect their investments. The development of spx index futures was a direct response to these demands, providing an innovative tool for managing equity risk.

Historical Price Movements

Since its inception, standard & poor’s 500 index futures have experienced significant price fluctuations, reflecting changes in market sentiment, macroeconomic factors, and global events. Initially, these futures contracts began trading at levels near the index’s value, allowing investors to gain exposure to the market’s performance with minimal capital. Throughout the 1980s and 1990s, the S&P 500 index experienced steady growth as the economy expanded, with notable milestones in the technology and internet boom of the late 1990s.

The early 2000s, however, marked a significant downturn in the market due to the dot-com bubble. This period saw the s and p 500 futures contract decline sharply as technology stocks collapsed. The S&P 500 index futures reached their lowest levels during the early 2000s recession, but the market eventually rebounded due to monetary policy changes and renewed investor confidence. The 2008 global financial crisis led to another significant decline in standard and poor’s 500 futures, reflecting the uncertainty and economic strain at the time. However, aggressive fiscal policies and quantitative easing measures helped stabilize the market, leading to a prolonged recovery.

In the 2010s, the s&p 500 futures index saw remarkable growth, reaching new highs as technology stocks led the way and economic conditions improved. The introduction of automated and algorithmic trading contributed to increased liquidity and trading volume, propelling the futures contracts’ popularity further. Most recently, futures s&p 500 experienced unprecedented volatility due to the COVID-19 pandemic, which led to sharp declines and a rapid recovery as governments and central banks around the world implemented economic stimulus measures. By 2024, the futures sp trades at an impressive level of 5,994, reflecting the resilience and sustained growth of the U.S. economy.

Factors Influencing Price Movements

Several factors have influenced the price movement of sp500 index futures, including:

  • Economic Data and Indicators: Data such as GDP growth, unemployment rates, and inflation significantly impact standard & poor’s 500 index futures prices. Positive economic data often leads to an increase in futures prices, while negative data can trigger declines.
  • Corporate Earnings Reports: The s and p 500 futures contract represents the collective performance of 500 large U.S. companies, so quarterly earnings reports can lead to substantial movements in the futures market. Strong earnings across major sectors drive the futures higher, while weak earnings can lead to declines.
  • Federal Reserve Policies: Interest rate changes and other monetary policies by the Federal Reserve impact the entire economy, influencing the standard and poor’s 500 futures. Rate hikes typically lead to downward pressure on futures prices as borrowing costs rise, while rate cuts can boost prices.
  • Global Events: Geopolitical tensions, wars, pandemics, and other global events also contribute to fluctuations in spx index futures. For instance, during the COVID-19 pandemic, uncertainty about the virus’s economic impact caused unprecedented market volatility.
  • Market Sentiment and Speculation: The futures market is influenced by sentiment-driven buying and selling. Investors’ reactions to news and forecasts can create short-term price fluctuations in standard & poor’s 500 index futures.

Key Milestones in the History of S&P 500 Index Futures

  1. Introduction in 1982: The launch of standard & poor’s 500 futures marked a significant step in futures trading, providing institutional investors and retail traders a way to hedge equity risk.
  2. 1987 Black Monday Crash: This market crash highlighted the need for risk management tools, with s&p 500 futures index contracts becoming an essential component for institutional investors managing large portfolios.
  3. Dot-Com Bubble Burst (2000-2002): The decline of technology stocks impacted the entire market, demonstrating the S&P 500 futures’ sensitivity to specific sectors.
  4. 2008 Financial Crisis: The crisis showcased the contract’s value as a hedging tool and highlighted its susceptibility to broad economic downturns.
  5. COVID-19 Pandemic (2020): The pandemic caused rapid declines in futures sp prices, but aggressive monetary policy intervention led to a remarkable recovery, underscoring the S&P 500 futures’ role in reflecting the broader market’s health.

Current Trading Level and Market Position

As of now, futures s&p 500 are trading at approximately 5,994. This level represents years of market growth driven by strong corporate performance, advances in technology, and accommodative monetary policies. The current price level also suggests investor optimism and confidence in the U.S. economy’s resilience, despite recent economic challenges.

Why Choose Cannon Trading Company for S&P 500 Futures Trading

Cannon Trading Company stands out as an ideal broker for trading spx index futures due to several key factors:

  • Decades of Experience: With a legacy of excellence in the futures industry, Cannon Trading Company has earned the trust of traders and investors seeking stability and expertise. Their years of experience in handling futures s&p 500 trading give clients the advantage of informed guidance and support.
  • Free Trading Platform: Cannon Trading offers a complimentary trading platform that is highly regarded for its ease of use, sophisticated tools, and reliability. This platform enables traders to make informed decisions when trading s and p 500 futures contract and other futures products, regardless of experience level.
  • Exceptional Customer Service: With a 5 out of 5-star rating on TrustPilot, Cannon Trading is recognized for outstanding customer service. Their team is knowledgeable, responsive, and dedicated to ensuring a seamless trading experience for those trading standard & poor’s 500 futures.
  • Regulatory Reputation: Cannon Trading maintains a stellar reputation with regulatory bodies, adhering to the highest standards of transparency, compliance, and ethical business practices. This trustworthiness is crucial for traders, particularly when engaging in high-stakes markets like futures sp.
  • Advanced Trading Tools and Resources: Cannon Trading Company provides advanced tools, data feeds, and educational resources to enhance trading in s&p 500 futures index contracts. These tools are essential for tracking market trends, performing technical analysis, and making timely trading decisions.

For traders looking to navigate the complexities of this market, Cannon Trading Company stands as a reliable partner, offering decades of experience, a free trading platform, exceptional customer service, and a stellar regulatory reputation. With Cannon Trading, traders can confidently access the s and p 500 futures contract, making it an excellent choice for those seeking a robust and reputable brokerage.

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

Metals Retreat, Stocks Drop 1.6%: Market Slump Amid Rate Speculation – Gold Hits Record High Before Pullback

Posted on by Ilan
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Gold T

Metals Off Highs, Stocks Fall 1.6%

By Mark O’Brien, Senior Broker

General / Indexes:

 

Stock index futures slumped today with the Dec. E-mini Dow Jones futures contract losing over 650 points (a ±$3,250 per contract move) at its intraday low around 1:00 Central Time.  The E-mini S&P 500 shed over 90 points (a ±$4,500 per contract move) at its lows and the E-mini Nasdaq lost over 450 points (a $9,000 move) intraday.  The latter erased two weeks of higher closing prices.

The rally in stocks has stalled as investors debate how quickly the Federal Reserve will cut interest rates over the next year and sowed worry of rates staying higher for longer.

 

Metals:

 

Gold futures are getting shinier by the day.  The price of the front month December contract touched another all-time record high overnight, trading briefly at $2,772.60 per ounce before heading on a ±$50 pull-back into its old 10:30 A.M., Central Time pit session close this morning.

 

Since the start of this year, gold prices have risen by a third, hovering over the $2,700 per ounce mark in the last few trading sessions.  Much of the credit for the increased demand can be tied to simmering tensions in the Middle East and the uncertainty over the upcoming presidential elections in the U.S.

 

The 2024 gains have unfolded after uninspiring price movement over the last ten years.  The price of gold reached the vicinity of $1,900 per ounce in 2011, swooned for nearly eight years trading not far from $1,000 per ounce much of the time, then started advancing back to ±$1,900 around mid-2020 where it vacillated little into 2022.  After being subdued for so long, gold prices shot up, delivering a 70% jump in the past two years.  Looking at the institutional interest in gold several large commercial banks have forecast the current upward price move continuing into next year.

Analysts at Citi raised their three-month forecast for gold prices to $2,800 per ounce.  They look for a move to $3,000 over the next 6–12 months.  J.P. Morgan has also proposed that gold’s fundamentals point to further upside.

 

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Daily Levels for Oct. 24th 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.
Contact
S
Cannon Trading Company
12100 Wilshire Boulevard
Suite 1640
Los Angeles, CA 90025
(800) 454-9572
Follow Us
Facebook  Twitter  Instagram
Visit Our Website

 

Oil Slumps on OPEC Demand Downgrade, Metals Rally as Fed Rate Cut Hopes Grow

Posted on by Ilan
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C67

Movers and Shakers

By John Thorpe, Senior Broker

Oil took another $3 .40 nosedive when OPEC announced a smaller than expected demand growth forecast for 2025 for the Third time!

Updated: October 14, 2024 8:43 am

For the third time OPEC slashed its 2024 and 2025 worldwide crude oil demand growth rate. This year’s demand was lowered to 1.93 mln bpd, down from last month’s projection at 2.03 mln mt. Analysts noted much the downgrade came from lower expected Chinese demand. Next year’s demand growth is seen at 1.64 mln bpd down from 1.74 mln bpd previously forecast.

 

Flirting with the low end of the 25 month old range, November crude held it’s ground around $69.75/bbl level , a mere 3 dollars from the springtime 2023 lows.

Equity markets were upset by poor United healthcare Group end of year Guidance although they beat EPS estimates, Buy the rumor sell the fact? UNH shares down 48.25 per share or nearly 8%.

Metals cruised higher today with the CME FedWatch tool reflecting a solid 90% chance the FED will lower rates .25-50 in its November meeting is again fueling speculative buying in the Yellow Metal.

The All time high in the December contract is 2708.70 , are we flirting with that number?, yes, as of this writing GCZ24 is @ 2678.00 can we take that out? Stay tuned…

Sympathetic Silver is recouping it’s bullish stance, 1.80 away from it’s contract high @ 31.70 /oz +.37 for the day

 

Watch Tomorrow’s Movers and Shakers:

No Fed Speakers, No Economic Data, very few ,if any earnings that would make headlines.
Ask a Broker: What is Futures Margin?

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Daily Levels for Oct. 16th 2024

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Economic Reports
provided by:ForexFactory.com
All times are Eastern Time ( New York)
43ff99a5 90d3 4f0f a09a 9563cfd37ec9
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.
Contact
S
Cannon Trading Company
12100 Wilshire Boulevard
Suite 1640
Los Angeles, CA 90025
(800) 454-9572
Follow Us
Facebook  Twitter  Instagram
Visit Our Website

 

Weekly Newsletter: Learn about Tick Size, Copper System, Sugar Chart + Trading Levels for Sept. 23rd

Posted on by Ilan
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C93

Cannon Futures Weekly Letter Issue # 1209

In this issue:

  • Important Notices – Heavy Fed Speaking, Active Data, Few Earnings
  • Futures 101 – Tick Size & Minimum Fluctuations
  • Hot Market of the Week – March Sugar
  • Broker’s Trading System of the Week – Copper Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

 

The Week Ahead

Heavy Fed Speak Week, active data and a few earnings highlight the week ahead.

 

Light Earnings, by largest Market Cap

  • Wed, Micron Technologies After the close
  • Thursday, Accenture pre-open, Costco after the close

 

Fed Speak schedule

  • Mon. Goolsbee 9:15am CDT, Kashkari Noon CDT
  • Tues. Bowman 8:00am CDT
  • Wed. Kugler 3:00pm CDT
  • Thu. Collins 8:10amCDT, Powell 8:20am CDT, Williams 8:25 CDT, Treasury Sec. Yellen 10:15am CDT

 

Big Economic Data week:

  • Mon. S&P PMI Flash
  • Tues. Case-Shiller Home prices, CB Consumer Confidence, Redbook, Richmond Fed.
  • Wed. Building Permits, New Home Sales
  • Thur. Jobless Claims, Core PCE Final, GDP Final, Durable goods, Pending Home sales
  • Fri. Personal Income, Retail and Wholesale Inventories, Michigan consumer sentiment

 

How to Rollover on the E-Futures Platform video below

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  • Futures 101: Tick Movements: Understanding How They Work

    Minimum Price Fluctuation

    All futures contracts have a minimum price fluctuation also known as a tick. Tick sizes are set by the exchange and vary by contract instrument.

    E-min S&P 500 tick

    For example, the tick size of an E-Mini S&P 500 Futures Contract is equal to one quarter of an index point. Since an index point is valued at $50 for the E-Mini S&P 500, a movement of one tick would be

    .25 x $50 = $12.50

    NYMEX WTI Crude Oil

    The tick size of the NYMEX WTI Crude Oil contract is equal to 1 cent and the WTI contract size is 1,000 barrels. Therefore, the value of a one tick move is $10.

    Summary

    Tick sizes are defined by the exchange and vary depending on the size of the financial instrument and requirements of the marketplace. Tick sizes are set to provide optimal liquidity and tight bid-ask spreads.

    The minimum price fluctuation for any CME Group contract can be found on the product specification pages.

 

 

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    • Hot Market of the Week – December Gold

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

    FREE TRIAL AVAILABLE

    March 2025 Sugar

    March sugar has shifted its formation back to the topisde and activated upside PriceCount objectives in the process. The chart accelerated to its first upside count to the 21.85 area. It would be normal to get a near term reaction form theis level in the form of a consolidation or corrective trdae. IF you can sustain further strength, the second count projects a possible run to the 23.26 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.

Balance Cont. v.22

PRODUCT

HG – Copper
SYSTEM TYPE

Day Trading

 

Recommended Cannon Trading Starting Capital

$25,000.00

 

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.
Would you like to receive daily support & resistance levels?
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S
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Daily Levels for September 23rd 2024

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Trading Reports for Next Week

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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.

Markets Post CPI + Levels for April 11th

Posted on by Ilan
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Subscribe to our YouTube Channel

 

C31

 

Life After CPI …..

by Mark O’Brien, Senior Broker

General:

 

It’s been ten months since the central bank paused its rate hike cycle.  It seems as though Jay Powell’s motto throughout his entire tenure as chairman of the Fed has been, “The data will guide our decisions,” and today the Bureau of Labor Statistics released another chunk of data: its March Consumer Price Index (CPI) report, which measures the prices paid by consumers for a basket of consumer goods and services.  The consumer-price index rose 0.4% in March and 3.5% on an annual basis.  Economists had expected 0.3% and 3.4%.  Core CPI, which removes the volatile food and energy categories, was up 0.4% from February, topping an expected 0.3%.  Now, after strong prints in January and February, are these new readings stronger evidence of a “sticky” inflation situation?

 

At their March meeting, according to its minutes released later this morning, Federal Reserve officials expressed concern that inflation wasn’t moving lower quickly enough.  The CPI report likely didn’t moderate those concerns and the timing for the first long-anticipated rate cut has presumably drifted further out on the calendar.

 

Energies: 

 

Speaking of inflation, the first three months of 2024 saw crude oil jump ±$17 per barrel – a ±$17,000 move for the main 1,000-barrel futures contract – with the front-month May contract trading to the year’s high of $87.63 intraday just last Friday.

 

Softs: 

 

After a one-day 321-point/$3,210 move up on March 12 to close above $7,000/ton – its latest all-time high – May cocoa continued its “no top in sight,” rally, closing today at $10,476/ton, a staggering ±$34,700 per contract move in twenty trading sessions.

 

Metals:  

 

While cocoa retained its “king of the all-time highs” crown for the month, gold did not disappoint bulls in this market, setting its own new all-time high yesterday, trading up to $2,384.50/oz. intraday (basis the June futures contract).  This is a $199.00/oz. move ($19,900 per contract for the standard 100-oz. futures contract) over the same 20-sesson span as the move in cocoa referenced above.

 

Grains: 

 

Keep an eye out for tomorrow’s U.S. Department of Agriculture’s two main reports: its monthly Crop Production and World Agricultural Supply and Demand Estimates (WASDE). These serve as the primary informers of the fundamentals underlying domestic and global agricultural futures markets.

 

 

 

 

 

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Daily Levels for April 11th, 2024

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thumbnail?url=http%3A%2F%2Fi.ytimg.com%2Fvi%2FJnHAMUGdNoM%2Fhqdefault

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
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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

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

Choppy Markets Today, (Tomorrow?) Ahead of CPI + Futures Trading Levels for 04.09.2024

Posted on by Ilan
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Subscribe to our YouTube Channel

 

C39

 

Markets Heat up MidWeek

by John Thorpe, Senior Broker

 

CPI Report Wednesday

The CPI report for March 2024 will be released by the Bureau of Labor Statistics on Monday at 7:30 a.m. CDT. As of February’s CPI report, annual inflation is 3.2%, or 3.8% excluding food and energy. That data compares with the FOMC’s annual inflation target of 2%.

What To Expect

These data set move the Equity, Bond, Metals and currency markets the most as the market drivers are directly related to what the FED will do next with Interest rates this summer. Provided inflation comes at a monthly rate close to 0.3% or lower for March, that should be sufficient for the FOMC to keep its plan to start cutting interest rates this summer. If the report shows a 0.4% monthly increase or greater, that would be a concern. It would suggest relatively high inflation readings seen in January, and to a lesser extent in February, are perhaps more of a trend. Here is your BLS CPI Data center https://www.bls.gov/cpi/

Monthly inflation at or below 0.2% would generally be considered positive news, perhaps giving more conviction to rate cutting plans. Still the CPI release is just one data point that the Fed will use to assess how inflation is trending. The FOMC will also keep a close eye on the jobs market, which so far has been strong enough to enable the Fed to be patient in considering interest rate cuts. A slowdown in job growth might matter for the Fed’s plans as much as upcoming inflation data releases.

 

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Daily Levels for April 9th, 2024

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thumbnail?url=http%3A%2F%2Fi.ytimg.com%2Fvi%2FJnHAMUGdNoM%2Fhqdefault

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
d992cb25 b20f 4725 ad38 1fdde9ca456b

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

3b644da2 2bee 4d39 8d98 5208a20bec39

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

Weekly Newsletter: Notional Value, May Copper Outlook & Trading Levels for April 8th

Posted on by Ilan
Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

C38

Cannon Futures Weekly Letter Issue # 1188

In this issue:
  •  Important Notices – Earnings Season Starts April 12th
  • Trading Resource of the Week – About Contract Notional Value
  • Hot Market of the Week – May Copper
  • Broker’s Trading System of the Week – RBOB Swing System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices –

  • Market Moving Data Wed. /Thur.  CPI and PPI respectively , w/Jobless Claims Thur. as well
  • 1 Fed discussion RE: new BASEL lll requirements Wed. AM (raises min. Cap Req from 2% to 4.5% for all banks)
  • AG WASDE Thur.
  • Q1 Earnings Season Begins Fri. the 12th Bank Earnings, JPM, C, WFC, BLK all report on this day.

 

 

 

 

Trading Resource of the Week : About Contract Notional Value by CMEgroup.com

Contract Unit
The contract unit is a standardized size unique to each futures contract and can be based on volume, weight, or a financial measurement, depending on the contract and the underlying product or market.
For example, a single COMEX Gold contract unit (GC) is 100 troy ounces, which is measured by weight.
A NYMEX WTI Crude Oil contract unit (CL) is 1,000 barrels of oil, measured by volume.
The E-mini S&P 500 contract unit (ES) is a financial calculation based on a fixed multiplier times the S&P 500 Index.
Contract Notional Value
Contract notional value, also known as contract value, is the financial expression of the contract unit and the current futures contract price.
Determining Notional Value
Assume a Gold futures contract is trading at price of $1,000. The notional value of the contract is calculated by multiplying the contract unit by the futures price.
Contract unit x contract price = notional value
100 (troy ounces) x $1,000 = $100,000
If WTI Crude Oil is trading at $50 dollars and the contract unit is 1000 barrels, the notional would be;
$50 x 1,000 = $50,000
Now assume E-mini S&P 500 futures are trading at 2120.00. The multiplier for this contract is $50.
$50 x 2120.00 = $106,000

 

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  • Hot Market of the Week – May Copper
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
May Copper
May copper is completing its third upside PriceCount objective that is consistent with a challenge of the contract high. It would be normal to get a reaction in the form of a near term consolidation or corrective trade, at least, from this level. From here, IF the chart can sustain further gains, we are left with the low percentage fourth upside count to the 4.94 area to aim for (not shown here for presentation purposes).
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Swing
COST
USD 160 / monthly
Recommended Cannon Trading Starting Capital
$25,000
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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 receive daily support & resistance levels?
Yes
S
No
S

 

Daily Levels for April 8th 2024

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Trading Reports for Next Week

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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.

What is a Troy Ounce? +Futures Trading Levels for 12.28.23

Posted on by Ilan
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Join our Private Facebook group

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As has been the case in prior years, this week we’re seeing reduced daily trade volume across the futures markets.  Adding to this environment, Last Trading Day for Jan. ’24 Natural gas is tomorrow the 27th, and both First Notice Day for January ‘24 CBOT soy complex futures and Last Trading Day for January ‘24 RBOB gasoline and ULSD Heating oil is this Friday the 29th.

Both natural gas and crude oil numbers are out tomorrow due to the short trading week.

 

Just what is a Troy ounce, anyway?  For those trading precious metals futures like gold, silver, platinum and palladium, it’s the unit of weight by which those physical products are measured.

 

Turns out, a small town about 110 miles southeast of Paris and situated within the Champagne wine region was major intersection for parts of the Roman-era trade highways and then an important international trading hub during the Middle Ages (± 500 AD to 1500).  The town’s name: Troyes (pronounced: troy).  Right around the 12th and 13th centuries – call it the middle of the Middle Ages – an annual cycle of 2- to 3-week trade fairs flourished in the region and it was likely then that the unit of weight was standardized and first used.  It essentially beat out other systems of weight developed in other parts of Europe and eventually it was made the official weight for gold and silver by England in 1824, called the British Imperial system.  Four years later, the United States adopted it as an official weight standard for United States coinage.  And today, your precious metals are still measured using this system.

 

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

Futures Trading Levels

12-28-2023

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

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

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

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.