Fed Chair Testimony Tomorrow & Support and Resistance Levels 1.11.2021

January 10th, 2022 Filed under Future Trading News | Comment (0)

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More than a few FED Personnel will be talking tomorrow which can move the markets at times. Please see insight by my colleague John Thorpe, Senior Broker below:

Fed Chair Testimony tomorrow morning , 10:00 a.m. EST Tomorrow , January 11th, Jerome Powell will be speaking at 10:00 a.m. EST Before the Committee on Banking, Housing, and Urban Affairs in the U.S. Senate , Prepare yourselves and trading accounts for statements designed to provide calm in lieu of the recent market turbulence. The difficulty for Powell, unlike his recent speech about the Fed minutes, which is written ahead of time, is this “testimony” will be ad lib. My belief is the markets will react more intensely to Chairman Powell’s testimony than the volatility we saw during the January 5th minutes of the December 14-15 2021 policy meeting. Markets have been traveling largely in one direction since that moment in time. Equity indices lower, Bonds and notes lower, Metals lower, food stuffs lower.. Be careful during this time frame and expect unexpected market reactions in many of the markets we are trading during his nomination testimony.

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

01-11-2022

Futures Support and Resistance Levels 1.10.2022

Economic Reports, Source:

https://bettertrader.co/

Better Trader Economic Indicators 1.11.2022

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 1080: 5 Big Mistakes Beginners Should Avoid Making & Futures Support and Resistance Levels for the Week ahead

December 31st, 2021 Filed under Future Trading News, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Letter Issue # 1080

Dear Traders,

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Here are some great reminders to start the trading year of 2022.

Trading 101: 5 Big Mistakes Beginners Should Avoid Making

Trading Futures Is A Tough Business, But If You Are One Of The Very Few That Can Succeed, This Could Be A Lucrative Business As Well

Ilan Levy-Mayer |SmallCapPower I have seen quite a bit since I became a broker in 1998. Some war stories to share about the markets, some crazy moves and much more in between. I was trading futures with clients on the sad Sept. 11th 2001 day when the planes hit and the markets were plunging before they were closed for almost a week. I witnessed the meat contracts making limit up and limit down moves over the years and much more…..

As a commodity broker I have observed MANY traders, many of them were new traders, and this allows me to share with you some valuable observations I hope will help you start your futures trading journey on a much smoother road than most.

Here are the FIVE CRUCIAL MISTAKES you need to avoid!

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Good Trading

Futures Trading Levels

01.03.2022

Weekly Levels

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

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Date Reports/Expiration Notice Dates

New Futures Products on Small Exchange & Levels 12.10.2020

December 9th, 2020 Filed under Future Trading News | Comment (0)

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Dear Traders,

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Have you heard? There’s a new futures exchange in town.

The Small Exchange is making markets more accessible to more people with products that mix the efficiency of futures with the simplicity of stocks.

Built on the pillars small, standard, and simple, the Smalls offer easily adoptable solutions to risk management and speculative needs of the modern trader in markets ranging from stocks and bonds to currencies and commodities. Now available at Cannon Trading with FREE market data.

NEW FUTURES PRODUCTS FROM THE SMALL EXCHANGE

Good Trading

Futures Trading Levels

12-10-2020

Economic Reports, source:

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Crude Oil & Gold Futures Information & Economic Reports 6.11.2014

June 10th, 2014 Filed under Crude Oil, 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 Wednesday June 11, 2014

Hello Traders,

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

Voted #1 futures trading blog!

Once again we are witnessing lower volume, lower volatility as stock indices are hanging around their all time highs….

I know that for me personally, this type of environment would be hard to day trade, hence the reason I am sharing with you a piece I wrote before about other markets to consider for day trading:

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 $13 or = $1300 wide using one futures contract. Crude ranges today was than $1.08 or about $1080 between hi/lo.

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

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Read the rest of this entry »

Crude Oil Futures Chart & Futures/Commodities Levels 5.07.2014

May 6th, 2014 Filed under Crude Oil, Future Trading News | Comment (0)

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

Voted #1 futures trading blog!

Below is a screen shot of the Crude Oil chart from the last few trading sessions. I use 18 ticks range bar chart. This model does well when the market has two sided volatility and action like in the chart below but tend to get chopped when there is a strong trend.

Read the rest of this entry »