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Understanding Futures Spreads PLUS: Sept – Dec Corn Spread, Pre-Market Briefing, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on July 9th, 2026

Posted on July 8, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Aug (#GC)	3976.23	4032.17	4088.43	4144.37	4200.63
Silver (SI) — Sept. (#SI)	55.43	57.10	59.28	60.95	63.13
Crude Oil (CL) — Aug (#CL)	69.68	71.94	74.01	76.27	78.34
Sept. Bonds (ZB) — Sept. (#ZB)	110 15/32	110 26/32	111 5/32	111 16/32	111 27/32

Understanding Futures Spreads

futures spreads

Course Overview

This course covers the definition of futures spread trades and why you may want to add spreads to your trading strategy. We will discuss the benefits of spread trading which include potential less risk and cost efficiencies. This course will introduce the different types of spreads used with various products.

START HERE – FREE -NO CREDIT CARD NEEDED

Sept – Dec Corn Spread

The Sept – Dec Corn Spread has broken down into a new low. If the chart can sustain further weakness, the third downside PriceCount projects a possible slide to the -25 area.

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.

Cannon Edge — Your Daily Futures Snapshot for July 9th

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

· Current price and daily % change

· 30‑day and 52‑week highs/lows

· PROPRIETARY Short‑term and long‑term trend signals

· Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Daily Levels for July 9th, 2026

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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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.