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Add price confirmation workflow for signal-based intraday trading PLUS: July Copper, Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 13th, 2026

Posted on May 12, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4580.07	4653.13	4718.27	4791.33	4856.47
Silver (SI) — July. (#SI)	82.04	84.73	86.37	89.06	90.70
Crude Oil (CL) — June. (#CL)	96.30	99.33	101.02	104.05	105.74
June Bonds (ZB) — June. (#ZB)	111 21/32	111 31/32	112 15/32	112 25/32	113 9/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
The core behavior is to wait for the market to respect the signal before entering:
For a sell signal, confirm by breaking below the previous bar low.
For a buy signal, confirm by breaking above the previous bar high.
Helps filter out weak or premature signals and encourages more patient trade selection.
Demonstrates how the signal indicator can be paired with additional visual context, including:
Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
Trailing-stop management once the trend begins to fade or reverse.
Reinforces that the trader still needs to manage:
position size
stops
targets
trade exits
Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.
used as a discretionary visual aid and not as a hard entry/exit requirement.
This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE

July Copper

July Copper satisfied its first upside PriceCount objective earlier this year and corrected. Now, the chart is threatening to break out where new sustained highs would project a possible run to the second count to the 7.14 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 May 13th

Daily Levels for May 13th

Economic Reports

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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.