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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.

What Makes Gold Move? – Resistance Levels 5.29.2018

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

What are the Best Approaches for Long-Term Gold Futures Price Forecasting?

Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.

There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity. Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices. One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.

Continue reading “What Makes Gold Move? – Resistance Levels 5.29.2018”

What are the Best Approaches for Long-Term Gold Futures Price Forecasting?

Posted on by Ilan

Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.

There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity.  Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices.  One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.

Another strategy is to look for trends in the economic measurements of major developed and developing countries, such as business and consumer confidence, retail sales, interest rates, production of energy products (unleaded gas, heating oil, jet fuel, natural gas) and industrial metals (steel, aluminum).  These can also be aggregated to provide a broader reflection of global inflation. Continue reading “What are the Best Approaches for Long-Term Gold Futures Price Forecasting?”

Gold Outlook + Trading Levels 5.17.2018

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,
Gold: At the Crossroads of Fiscal and Monetary Policies
Twice this year implied volatility in gold options spiked from 9% to around 13.5%. Proportionally, that represents a 50% rise and seems like a big move, at least by the standards of recent history. What is more remarkable, however, is how calm the gold market has generally been. For the past two years, implied volatility on gold options have been near the lowest levels in recent memory and are a far cry from the 17% average levels that prevailed in 2015 and 2016, much less the spikes above 30% in 2011 and 2013 (Figure 1). So why has the gold market been so placid and what will likely drive volatility?

Continue reading “Gold Outlook + Trading Levels 5.17.2018”

Gold Futures VS Gold ETFs (GCL, IAU) by Matt Kang

Posted on by Ilan

By Matt Kang, Senior Broker @ Cannon Trading Co, Inc.

Gold is the most actively traded precious metal and it is a good hedge against inflation that is why many individuals and institutional investors are investing in gold  to keep their assets by declining dollar and US stock values. Retail access to gold trading has broadened substantially through the futures and gold ETFs.

Let’s take a look at the key difference between gold futures and gold ETFs.

  • Where they traded?

Gold future (GC) is trading at COMEX and GOLD ETFs (GLD/IAU) is traded through securities exchanges. Continue reading “Gold Futures VS Gold ETFs (GCL, IAU) by Matt Kang”

Metals report + Futures Trading levels for 11.17.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Monthly Metals Update
 October
  • Both Gold and Silver futures saw upward movement in October with ADV increasing by 67% and 31% YoY, respectively.
  • Copper options market continued to grow with open interest reaching a 2017 high of 16,415 lots on October 25.
  • Base Metals overall saw October ADV increase by 54% YoY.

Weekly Continuation Futures Gold Chart 11.06.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday November 06, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Monthly unemployment numbers tomorrow. Many markets will have volatile reaction so be aware of the report and others that will come in later.
The main market I am curious about is gold. Currently oversold but in a nice down trend so the big question is which way will it play? test previous lows or snap? Perhaps both….Weekly chart for your review with circles marking mostly lower highs and lower lows….:

GCE - Gold(Globex), Weekly Continuation
GCE – Gold(Globex), Weekly Continuation

Continue reading “Weekly Continuation Futures Gold Chart 11.06.2015”

Gold Futures – What’s Next? 7.22.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday July 22, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Gold – What’s Next?

From what I understand China holds quite a bit of physical gold, leaving the door open for additional sales in the future.

Gold sold off in a big way Sunday night (July 20th trading session) following a weak close right on support levels the prior week.

News came out that a big bullion dealer from China sold a very large amount of bullion in a matter of 2 minutes, sending gold prices down to 1080 for a short period of time before bouncing back up.

From what I understand, China holds quite a bit of physical gold and that leaves the door open for additional sales in the future.

Continue reading “Gold Futures – What’s Next? 7.22.2015”

Silver Futures & Economic Reports 3.27.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday March 27, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

I just wrote this one for forexmagnates.com yesterday and wanted to share with you.

Silver Futures at the Crossroads

After a long period of declining prices we finally saw a significant bounce on silver futures over these past couple of weeks. The question I ask myself is: Is this a good place to sell, is this just a bounce/short covering and the trend lower will resume?

OR

Is this rally a beginning of a breakout to the upside and trend reversal?

Only time will provide the correct answer but until then I think the following two strategies are worth looking at:

1.  Sell futures right around the $17 level and place a stop on the short along with another stop to go long if market breaks above $17.30 (see chart below).
2.  Sell call option premium on rallies and sell put option premium on sell offs as we take the assumption that the market will be trading between $16 and $18 for the next few weeks. Selling premium is a dangerous strategy with unlimited risk.

As I don’t see any major changes in the fundamental picture for silver, I like to use the chart and technical studies in an attempt to come up with a good risk-reward trade.

Continue reading “Silver Futures & Economic Reports 3.27.2015”

Futures Levels & Economic Reports 1.23.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday January 23, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

In hindsight it always looks easier…ECB announces QE – “We should have known it was going up….”  In reality the market was very jittery to start the cash session with some very sharp moves lower before it started running up and up….

I think that when this is all said and done, one day down the road, the end result will NOT be pretty for global markets but until then we need to trade what there is and not what we think should be…..

My medium term outlook on Silver Futures as featured in ForexMagnates.com available at:

http://experts.forexmagnates.com/silver-bouncing-lows-waiting-europe-qe/

Continue reading “Futures Levels & Economic Reports 1.23.2015”

10 YR US Treasury Notes Chart & Economic Reports 11.19.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

I was asked this morning, “what futures markets would you recommend a newcomer to start with?”

While the answer will vary based on perspective trader risk capital, risk tolerance, personality etc. I do think that there are a few markets that might be a better start for first time futures day trader.

I personally would say, leave the mini SP alone. yes it has the biggest volume but there is quite a bit of size on the bid/ask that may make this frustrating for new traders.

My favorite markets to share with first time traders are:

 

  1. mini Dow
  2. ten year notes/ 30 year bonds
  3. mini crude/ mini gold

Continue reading “10 YR US Treasury Notes Chart & Economic Reports 11.19.2014”

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.