Category Archives: Bitcoin Futures

Holiday Schedule, Bitcoin Futures + Trading Levels 11.25.2022

November 23rd, 2022 Filed under Bitcoin Futures, Day Trading, Future Trading News | Comment (0)

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Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. Blessings to all.

Make sure you are aware of the trading schedule for the markets you trade! Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed Thursday and short hours Friday.

FULL SCHEDULE HERE

Take the Worry out of your Crypto Trading

By Mark O’Brien

This week, the U.S. Justice Department announced that two Estonian citizens were arrested for their alleged involvement in a $575,000,000 cryptocurrency fraud and money laundering conspiracy.

Also this week, a notable Chinese venture investor, Bo Shen revealed he lost $42 million worth of crypto as a result of a theft from his personal wallet. Most of those assets were denominated in US Dollar Coin (USDC), a stablecoin created jointly by fintech company Circle, and crypto exchange Coinbase.

Most notably in the news recently, the collapse of crypto platform FTX continues to rattle the world of digital assets. In this instance, FTX’s customers’ funds on are still frozen, and they are losing hope they will ever get much back. It’s customers number in the millions. The 50 largest creditors alone are owed more than $3 billion dollars.

It makes you wonder about the safety and integrity of trading crypto assets.

Let this be a reminder that the world’s largest futures and options exchange – the CME Group – offers you a choice for managing cryptocurrency risk with Bitcoin and Micro Bitcoin futures and options. With efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform.

Take the worry out of your crypto trading.

A Cannon broker will be able to assist, provide feedback and answer any questions.

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

for 11-24-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency

Economic Reports, Source:

Forexfactory.com

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 here in 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 judgement in trading.

Last Trading Day for June + Futures Trading Levels 6.30.2022

June 29th, 2022 Filed under Bitcoin Futures, Future Trading News, Grain Futures | Comment (0)

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What You Need to Know Before Trading June 30th by Mark O’Brien:

Grains: The U.S. Department of Agriculture will release its survey of planted acreage for corn, wheat and Soybeans at 11:00 A.M, Central Time. At the same time the agency will also publish data on existing grain stocks

In recent years several large misjudgments have caused big moves in Chicago futures.

Corn will be in the brightest spotlight as just under half of U.S. corn was planted as of mid-May, well below the longer-term average near 70%. One of the big questions the report will spell out is whether high and rising prices were enough to lure producers to plant more corn than intended, or if steep production costs and wet spring weather had them backing off.

Analysts polled ahead of the survey peg U.S. corn plantings at 89.9 million acres, up slightly from 89.5 million in the March survey. U.S. soybean acres are seen landing at 90.4 million in Thursday’s report, still a record but below March’s 91 million-acre peg.

More grains: First Notice Day for grains is tomorrow, June 30. If that escaped your memory and you’re holding long July grains, your clearing firm may be sending you a formal delivery notice. That’s a bona fide headache if you’re not prepared to deliver 5,000 bushels of corn, soybean, wheat or oats – per contract – to the Chicago Board of Trade! If this is you, contact your broker immediately!

Financials: Due to the Dept. of Labor Statistics’ release date rules, this coming first Friday of the month will not see the release of the June unemployment report. The Monday holiday (Independence Day) pushed the report to next Friday, July 8.

Crypto: Coinbase Derivatives Exchange (formerly FairX) launched its first listed crypto derivatives product on June 27, 2022: Nano Bitcoin futures contract (BIT), with each contract sized at 1/100th of a bitcoin. It is a monthly cash-settled contract.

Futures Trading Levels

06-30-2022

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Economic Reports, Source:

Forexfactory.com

Spotlight on the Fed / Economy & Futures Support and Resistance Levels 12.16.2021

December 15th, 2021 Filed under Bitcoin Futures, Future Trading News | Comment (0)

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Spotlight on the Fed / Economy

By Mark O’Brien, Senior Broker

Right up to yesterday’s Producer Price Index, the U.S. economy has posted inflation measurements not seen in four decades. And yet, stocks and bonds continue to rally (the latter an inverse relationship to interest rates) and gold and silver remain under pressure.

Reading into this, from the Fed.’s standpoint (and they look at numerous other data points to guide their policy), they have felt they can remain cautious in their stance on raising interest rates – at least until pandemic-related influences on the economy abate (think supply chain shortages and resulting higher demand and prices for goods). With that said, the thinking on rate policy has indeed begun to stir. The argument that inflation is mostly transitory has been challenged – by rising wages and pretty resilient energy prices – a category traditionally kept outside core inflation measurements. It seems the last several FOMC meetings have been deemed the defining moment for the Fed. and their stance for the future of the U.S. economy. Stay tuned.

Would you like to trade futures using MT5? if so, click here!

Introducing Micro Ether Futures

At 1/10 the size of one ether, Micro Ether futures (MET) provides a precision, efficient, cost-effective way to manage your exposure to one of the largest cryptocurrencies in the world by market capitalization.

Features & Benefits
Fine-tune your Ether exposure
Enjoy price discovery on a regulated exchange
Lower margin
Diversify your portfolio

Practice in Demo / Test Account

Futures Trading Levels

12-16-2021

Futures Trading Support and Resistance Levels 12.15.2021

Economic Reports, Source:

https://bettertrader.co/

BetterTrader Economic Reports 12.16.2021

Suggestions to Help you Trade FOMC Tomorrow; Introducing Mini Ether & Support and Resistance Levels 12.15.2021

December 14th, 2021 Filed under Bitcoin Futures, Future Trading News, Futures Trading | Comment (0)

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FOMC Statement tomorrow:

The following was written by my colleague, John Thorpe, an ex floor broker and a Senior Broker with Cannon Trading:

Since the depths of the pandemic, the Fed has been buying U.S. Treasuries and agency mortgage-backed securities in the open to signal its commitment to easy money policies. The Feds balance sheet has more than doubled during the Pandemic, from just under 4 trillion to nearly 9 trillion U.S. dollars. At the November Fed meeting , the governors had for the first time admitted that inflation may not be “transitory” and charted a path to “gradually” taper purchases with a target of mid 2022 to wind down the necessary taper .“If the market perceives that the Fed is behind the curve in controlling inflation, it would lead to higher inflation expectations and long-term interest rate hikes, potentially weakening the dollar and pressuring asset values,” said Madhavi Bokil, senior vice president at Moody’s Investors Service. In lieu of a gaudy CPI number recently at 6.8 and PPI increased by the largest amount in recorded economic history.

The market is looking for the Fed to acknowledge the existence of inflation in clearer terms than the November statement and the need to decelerate asset purchases and accelerating the “Taper” in an attempt to prevent a flat yield curve between the 2 yr and 10 yr notes. If this portion of the yield curve flattens or turns negative, this typically signals a recession. It has narrowed in recent weeks to a spread of only .75. This meeting is a very important one and so far this week, the equity markets are reacting to a potential need to accelerate the taper, an admission by the FED that they may be nervous about their inability to control inflation and an impending recession.

The following are my PERSONAL suggestions on trading during FOMC days:

· Reduce trading size

· Be extra picky = no trade is better than a bad trade

· Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4325.00 with a stop at 4319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4319.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

· Expect the higher volatility during and right after the announcement

· Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

· Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

· Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.

· Know what the market was expecting, learn what came out and observe market reaction for clues

· Be patient and be disciplined

· If in doubt, stay out!!

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

Introducing Micro Ether Futures

Features & Benefits
Fine-tune your Ether exposure
Enjoy price discovery on a regulated exchange
Lower margin
Diversify your portfolio

Practice in Demo / Test Account

Futures Trading Levels

12-15-2021

Economic Reports, Source:

https://bettertrader.co/

NEW Micro Ethereum Futures & Futures Support and Resistance Levels 12.07.2021

December 6th, 2021 Filed under Bitcoin Futures, Future Trading News | Comment (0)

Dear Futures Trader,

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https://business.facebook.com/groups/1105191589938254/

A note about MICRO Ethereum by John Thorpe, Senior Broker:

Today, the CME has launched a new Cryptocurrency futures contract.

We currently have Bitcoin, Ethereum, Micro Bitcoin and Now Micro Ethereum futures.

The New Micro Ether contract is 1/10th the size of the full-sized Ethereum futures contract.

The current price for the full-sized is $4160.00 per contract, so it follows that the micro, full contract value is 416.00. ( as of Dec. 6th noon central)

This contract will trade the first 6 months consecutively, on it’s first day today , trades have occurred in the first two months, Dec and Jan 22 respectively

METZ21, and METF22

The margin would be 416..

Last week I registered for a CoinDesk/CME webinar that some of you may have seen. I invite you to watch the replay where the viability of not only crypto’s but also new futures launches now and in the future are discussed in addition to a look forward at the end of the webinar.

Agenda | What’s next for crypto derivatives? (coindesk.com)

Enjoy and make it a profitable week.

Good Trading

Futures Trading Levels

12-07-2021

Economic Reports, source:

https://bettertrader.co/

Bitcoin Futures

Category Archives: Bitcoin Futures

Holiday Schedule, Bitcoin Futures + Trading Levels 11.25.2022

Take the Worry out of your Crypto Trading

Futures Trading Levels

Economic Reports, Source:

Last Trading Day for June + Futures Trading Levels 6.30.2022

What You Need to Know Before Trading June 30th by Mark O’Brien:

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

Spotlight on the Fed / Economy & Futures Support and Resistance Levels 12.16.2021

Spotlight on the Fed / Economy

Introducing Micro Ether Futures

Futures Trading Levels

Economic Reports, Source:

Suggestions to Help you Trade FOMC Tomorrow; Introducing Mini Ether & Support and Resistance Levels 12.15.2021

FOMC Statement tomorrow:

The following are my PERSONAL suggestions on trading during FOMC days:

Introducing Micro Ether Futures

Futures Trading Levels

Economic Reports, Source:

NEW Micro Ethereum Futures & Futures Support and Resistance Levels 12.07.2021

A note about MICRO Ethereum by John Thorpe, Senior Broker:

Good Trading

Futures Trading Levels

Economic Reports, source:

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