Weekly Newsletter #1038 Improving Your Odds w/ Trading Futures?, Silver Futures Wild Ride & Support and Resistance Levels 2.08.2021

February 5th, 2021 Filed under Future Trading News, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1038

Dear Traders,

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Trading 102:  Why do most futures traders lose money and how can you improve your odds?
Watch the 45-minute recorded webinar where Ilan shared some of his observations of why a large percentage of traders lose money trading futures.
*Reasons why most traders lose
*Looking at tools you can utilize and improve your odds
*Review different methods/concepts of trading
*Ilan shares many tidbits that can help variety of traders
*Ilan answers questions
Silver Futures Went through a wild ride this past 2 weeks ( Reddit??)
Volatility continues in Silver. We look at today’s activity as a short-covering reversal of this week’s wash-out selling spree. The price retreat found several justifications: higher equities, generally positive U.S. economic data, an upside continuation of dollar – to 2-month highs above 91.50 – and the highest US Treasury yields since last February. All these lent pressure to precious metals as traders moved risk to the attractiveness of higher returns in debt and equities
Daily chart for review below, click for a larger image.
Silver Futures Daily Chart

Silver Futures Wild Ride contributed to Reddit?

Good 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 when it comes to Futures Trading.


Futures Trading Levels



Weekly Levels

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

Date Reports/Expiration Notice Dates

MRCI Weekly Reports 2.08.2021 - 2.12.2021

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 herein 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 judgment in tradin

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