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NFP Friday, Metal Margins Rise, Energies and Venezuela’s oil recovery, March Cotton, NEW Coinbase Bitcoin Products, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on January 8th, 2026

Posted on by Cannon Operations
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NFP Friday, Margin Increase on Metals

By Mark O’Brien, Senior Broker 

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Feb(#GC)

 4390.67 4427.93 4470.17 4507.43 4549.67

Silver (SI)

— Mar. (#SI)

 72.46 75.35 78.97 81.86 85.47

Crude Oil (CL)

— Jan (#CL)

 55.00 55.65 56.41 57.06 57.82

 Mar. Bonds (ZB)

— Mar (#ZB)

 114 25/32 115 10/32 115 22/32 116 7/32 116 19/32
 Private sector job creation turned positive in December though at a bit softer pace than expected. December’s “Small Non-Farm Payrolls” (NFP) from processing firm ADP reported today that companies added 41,000 hires for the month, a reversal from the loss of 29,000 in November.

Up next, the Labor Dept. releases its monthly non-farm payrolls (NFP) report this Friday.

nfp

It’s widely considered to be one of the most important and influential measures of the U.S. economy. The report is released at 7:30 A.M., Central Time.

Metals:

On Monday, the CME Group raised margins on a number of precious metals futures contracts. Below are the new margins for the main precious metals futures contracts.
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Day trading margins vary among clearing firms / FCM’s. If needed, contact your Cannon Trading Co. broker for specifics.

Energy:

Traders following the U.S. arrest of Venezuela’s president Nicolás Maduro and resulting developments, for a thoughtful evaluation of future big picture take a look at a report released today by Energy Aspects. They’re a leading market intelligence provider for the energy and financial sectors. The brief 4-page report is Venezuela’s oil recovery: A long and daunting road. Visit their web site: https://www.energyaspects.com

Plan your trade and trade your plan.
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Coinbase Products available for trading on the StoneX (CannonX) Futures Platform! See details below:
Name Exchange Class Exchange Symbol CQG Symbol Size
nano XRP Coinbase Crypto XRP XRP 500 XRP
XRP Coinbase Crypto XRL XRL 10,000 XRPXRP
nano XRP Perp-Style Coinbase Crypto XPP XPP 500 XRP
nano Solana Coinbase Crypto SOL SOL 5 Solana
nano Solana Perp-Style Coinbase Crypto SLP SLP 5 Solana
Solana Coinbase Crypto SLC SLC 100 Solana
nano Ether Perp-Style Coinbase Crypto ETP ETP 0.1 Ethereum
Ether Coinbase Crypto ETI ETI 10 Ethereum
nano Ether Coinbase Crypto ET NET 0.1 Ethereum
nano Bitcoin Coinbase Crypto BIT BIT 0.01 Bitcoin
nano Bitcoin Perp-Style Coinbase Crypto BIP BIP 0.01 Bitcoin

March Cotton

March Cotton is attempting to shift its formation back to the topside and is activating upside PriceCount objectives (assuming today’s early strength holds). The first count projects a run to the 66.11 area.

FREE TRIAL AVAILABLE
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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.

Daily Levels for January 8th, 2026
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

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.

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RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.