FOMC Tomorrow! Excellent read about the market set up ahead of FOMC on our morning brief.

Trade The News?

In today’s fast-moving futures markets, news isn’t just information—it’s opportunity (and RISK!).

Economic releases, central bank headlines, geopolitical developments, twits and unexpected data surprises can trigger rapid price movements in indices, commodities, and rates, giving prepared traders an edge in both short-term setups and high-probability day trades.

The key is getting accurate, actionable news in real time—before the market fully reacts. That’s where TradeTheNews comes in, delivering low-latency headlines and expert context trusted by professional traders worldwide.

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August Heating Oil

August Heating Oil has activated downside PriceCount objectives off the May top. The chart is testing the 100 dma while the first count projects a deeper slide to the $2.96 area potentially.

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 June 17th

Daily Levels for June 17th, 2026

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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.

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