Commodity Brokers News, Articles & Information on Cannon Trading

Commodity Brokers

Category Archives: Commodity Brokers

Whether a person or a firm, a commodity broker is there to help you with your commodity trading needs. They either have a team of commodity traders under them or a platform that they manage electronically.

For all commodity trading beginners, commodity brokers are a point of contact that can be approached with individual commodity trading needs. To do good in commodity trading, it is important to take the advice of the commodity broker seriously. Under this category archive we discuss everything about commodity brokers and their expert skills.

We at Cannon Trading are there to help your commodity trading requirements. Whether you want to consult us and seek advice or to play a more active role for you in the markets, we are there to serve you with the best of our services. It is essential for you to choose only a certified broker and so, you can always trust us when it comes to qualifying on all quality parameters. No matter which commodity interests you, our trading experts give you the right and real-time advice always. Read our archive; share posts with your friends; or bookmark this page to stay up-to-date on commodity brokers.


Sharp Declines in Cocoa and Bitcoin Futures Kick Off the Week

June 24th, 2024 Filed under Bitcoin Futures, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Grain Futures | Comment (0)

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Two markets stood out to start the week, both with a sharp, negative move.

Cocoa was down 12.5%! or the equivalent of -$10,000 if you were on the wrong side…..

Bitcoin futures also finished the day down 7.5% and now trading below the psychological 60,000 level.

Major reports for the week ahead below as well as tomorrow’s specific trading levels for major markets and detailed reports for June 25th.

 

 

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

Daily Levels for June 25th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Weekly Newsletter: Order Flow 101 + Trading Levels for June 24th

June 21st, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Future Trading Platform, Futures Broker, Futures Trading, futures trading education, Index Futures, Indices, Nasdaq, Weekly Newsletter | Comment (0)

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Cannon Futures Weekly Letter Issue # 1199

In this issue:
  • Important Notices – USDA Reports, Presidential Debate and Heavy Economic Data
  • Futures 101 – Essentials of Order Flow
  • Hot Market of the Week – Dec. Corn
  • Market Scanner – For Monday June 24th
  • Broker’s Trading System of the Week – Mini Nasdaq Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

  • Earnings, FedSpeak, Presidential Debate and Heavy Economic Data including Bank Stress Test results.
    • FedEx, Micron and Nike report after the close T, W, Thu. In that order Highlight the earnings calendar next week.
    • Fed Members are in Europe next week, Mon. 2 am CST Waller speaks from Rome, Daly at 10 am CST.
    Tues. 6 am CST Bowman, 11 AM Cook. Fri. Barkin 5 am CST, Bowman 11 am CST.
    • Data Begins Mon. (Please review Calendar below for specific times) Dallas Fed Manufacturing Index,
    • Tues. Chi Fed Nat’l Activity Index, Housing Data, Consumer Confidence
    •  Wed. Building Permits, 3:30 CST
    • Bank Stress Test results
    • Thu. Core PCE Q over Q, Jobless Claims, Durable Good, GDP Final, Retail and Wholesale Inventories, Presidential Debate
    • Fri. Core PCE M over M final. Chicago PMI
    • USDA grains stocks and planted acreage Friday, June 28th

 

 

 

Futures 101 :

 

Order Flow has been presented as a mystique to potential Traders as well as seasoned Traders. In many cases it is assumed to be an insanely difficult concept to understand. Order Flow is, at its core, the transaction between a Buyer and a Seller. As a Veteran Trader using Order Flow to base my decisions, I can say that order flow is the very core of any market.
In this FREE booklet, you will learn:
  • What is order flow?
  • Volume by Price
  • Footprint
  • Time & Sales
  • DOM
  • Tying it all together

 

 

  • Hot Market of the Week – December Corn

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
December Corn
December corn has resumed its break with a new recent low. The chart is now taking aim at its second downside PriceCount objective to the $4.49 area. Meanwhile, the trade below the March reactionary low formally negated the remaining unmet upside counts.
PriceCounts – Not about where we’ve been , but where we might be going next!
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.
Market Scanner
If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

   Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
Mini Nasdaq AV1_ E-mini Nasdaq NQ
PRODUCT

NQ – Mini Nasdaq

SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$50,000
COST
USD 55 / monthly

The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Would you like to receive daily support & resistance levels?
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Daily Levels for June 24th 2024

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Understanding the Three Main Types of Trading Days in Stock Index Futures

June 20th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading | Comment (0)

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Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Today’s somewhat volatile but choppy/ two sided price action in stock index futures,  encouraged me to share the following with you on the different types of trading days:

  • In my opinion there are 3 main types of trading days.

1. The most common day are two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.

2. Strong trending days, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.

3. Slow and/or choppy trading days – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.

  • A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:

  1. Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash/stock market is open)
  2. Mondays have the highest chance for trending days
  3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
  4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
  5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)

 

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

Daily Levels for June 21st, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Futures Trading Levels for June 20th 2024

June 19th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Today is Juneteenth and markets closed early.

Reports & levels for a much busier and regular trading day below.

 

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

Daily Levels for June 20th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Juneteenth Trading Schedule & Levels 6.19.2024

June 18th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Tomorrow is Juneteenth and markets will observe modified trading schedule

Juneteenth Day 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

Daily Levels for June 19th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.

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