Commodity Future Trading


Rollover for Futures Mini Indices & Economic Reports 6.13.2014

June 12th, 2014 Filed under Future Trading News | Comment (0)

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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 June 13, 2014

Hello Traders,

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

 

FRONT MONTH for stock index futures and currencies is now SEPTEMBER.

Make sure you are trading the September contract.

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:

 

mini Dow

ten year notes

and

mini crude/ mini gold

 

The mini Dow moves similar to mini SP but the value per point/tick is smaller, still has good volume but not as hard to get filled on the limits as the mini SP.

 

The 10 year notes are usually less volatile than the other markets mentioned. Completely different type of trading personality and offer a good diversification option for new traders and experienced traders and they trade in halves, so each tick is $15.625 versus each tick of the 30 years which is worth $31.25.

 

The mini gold and mini crude are another good option because it is the smaller contract size of two markets that can really move, offer volatility and RISK but the availability of the mini sized contracts make these two a better option for beginners until one has experience / risk capital and appetite for the standard contract sizes of gold and crude oil.

 

 

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Crude Oil and Gold Futures Chart, Futures Levels and Economic Reports 2.12.2013

February 11th, 2014 Filed under Commodity Trading, Future Trading News, Futures Trading | Comments Off on Crude Oil and Gold Futures Chart, Futures Levels and Economic Reports 2.12.2013

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 February 12, 2014

Hello Traders,

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

 

Trader Planet

 

Voted Best Blog 2013 by Trader Planet

Thanks everyone who voted!! Appreciate your help in winning the #1 blog for futures trading by Trader Planet!! Please feel free to forward our daily blog to friends and other fellow traders who might be interested.

Another two markets I like to touch on when it comes to “other markets to daytrade beside the mini SP 500” are crude Oil and Gold futures.

More than a few similarities between the two markets.

They are both volatile, can move VERY fast. I have seen some very large moves happen in matter of minutes if not seconds. The “fear & greed” factor really plays a role in these specific two markets.

Both have active trading hours starting with Far East trading around 10 PM est all the way to the next morning until about 3 PM est. Good volume generally speaking but not close to the mini SP or ten year notes. So you may see some slippage on stops but the volume is more than enough to trade size.

Each tick on gold is $10, so every dollar move =$100 against you or in your favor. Crude is similar, each tick = $10. One full $1 move = $1000.

Both markets were quiet today relatively speaking but even on a quiet day, the range on gold was  $21 or = $2100 wide using one futures contract. Crude ranges today was less than $1 or about $890 between hi/lo.

I like using overbought/ oversold indicators on the two markets as well as using range / Renko charts.

If you never traded these markets before, I highly recommend exploring in simulation/ demo mode. get a feel for the explosiveness, volatility, personality for a few weeks before trying in live mode.

As always, any questions, please feel free to email me.

Two charts from today’s session of gold and crude for your review below ( if you like to try the charts I am using along with indicators displayed, send me an email):

 

Crude 18 ticks range bar Feb. 11th 2014

CLE - Crude Lights (Globex), Equalized Active Continuation - Range Bar 18 Ticks Units

Gold, 36 ticks range bar Feb. 11th 2014

 

GCE - Gold (Globex), Equalized Active Continuation - Range Bar =, 18 Ticks Units

GCE – Gold (Globex), Equalized Active Continuation – Range Bar =, 18 Ticks Units

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Futures Trading Solutions, Futures Levels & Economic Reports 1.09.2014

January 9th, 2014 Filed under Future Trading News, Futures Trading | Comments Off on Futures Trading Solutions, Futures Levels & Economic Reports 1.09.2014

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 10, 2014

Hello Traders,

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

Monthly unemployment report comes out tomorrow morning, this is a market moving report, please be aware. My recommendation is that if you are a day-trader, wait for AFTER the report before starting to day-trade. 

Make  2014 your BEST trading year yet and start by becoming a client of Cannon Trading, I would like to invite you to visit our website, email us and learn more about our:
1. Superior service
2. One of the largest selection of trading platforms
2 a. Multiple data feeds for Ninja Trader
3. Competitive pricing and some of the lowest day-Trading margins
4. Broker assist and trading systems available
5. Collection of added value tools we offer to clients and prospects since 1988!

 

Visit: Cannon Trading Website!  or simply reply back with any questions you may have.


I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:

 

Trader Planet Awards

 

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New Years 2014 – Futures Trading Schedule

December 27th, 2013 Filed under Future Trading News, Futures Trading | Comments Off on New Years 2014 – Futures Trading Schedule

New Year’s Schedule

Tuesday, December 31, 2013

 

CME & CBOT Equity Products

4:15 Central Time, Regular close

CME & CBOT Interest Rate & Currency / FX Products

4:00 Central Time, regular close

NYMEX, COMEX Products

4:15 Central Time, regular close

CBOT, KCBT Grain & Agricultural Products

Regular close per each product schedule

Other CME Group Products

Regular close per each product schedule

ICE Futures US

Softs, Grains. Oilseed & CCI Index & Russell contracts

Regular hours

Fin & Index

12:15 Central Time
Fin Gas, Power & Emissions

1:00 Central Time

 

Wednesday, January 1, 2014

 

CME & CBOT Equity Products

CME & CBOT Interest Rate & FX Products

NYMEX, COMEX Products

CBOT, KCBT Grain & Agricultural Products

New Year’s Day Observed – Globex closed

ICE Futures US
Softs, U.S. Grains and Oilseeds, FOREX, INDEX & FIN Gas Power and Emissions: New Year’s Day Observed – all closed

 

Thursday, January 2, 2014

CME & CBOT Equity Products

5:00 Central Time modified open

CME & CBOT Interest Rate & Currency / FX Products

5:00 Central Time modified open

NYMEX, COMEX Products

Regular open for trade date Thursday, Jan. 2nd : 5:00 P.M. Central Time / 6:00 P.M. Eastern Time

CBOT, KCBT Grain & Agricultural Products

8:30 Central Time grain markets open

Other CME Group Products

9:00 Central Time Lumber Futures & Options

9:05 Central Time Livestock Futures & Options

 

ICE Futures US

Softs, Grains. Oilseed & CCI Index regular open
Fin & Index regular open
Fin Gas, Power & Emissions regular open

For more information, please visit: http://www.cmegroup.com/tools-information/holiday-calendar/files/2014-new-years.pdf

For more information, please visit: https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours

The above sources were compiled from sources believed to be reliable.  Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

 


ROLLOVER + Futures Trading Levels & Economic Reports 12.12.2013

December 11th, 2013 Filed under Commodity Trading, Future Trading News, Future Trading Platform, Futures Broker, Futures Trading | Comments Off on ROLLOVER + Futures Trading Levels & Economic Reports 12.12.2013

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 Thursday December 12, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Rollover Notice for Stock Index Futures

Important Notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, December 12th, is rollover day.

Starting December13th, the March 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the March 2014 contract as of December 13th. Volume in the December 13 contracts will begin to drop off until its expiration on Friday December 20th.

The month code for March is H4.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open December Currency positions by the close on Friday the 13th.Should you have any further question please contact your broker.

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