Commodity Market News & Information on Cannon Trading
Call Us Free: 1-800-454-9572

Commodity Trading

Category Archives: Commodity Trading

Investment is a game of money of securing future money by taking a risk today. Trading therefore comes with a list of rules to play by. Commodity trading in particular offers tremendous potential for becoming a completely different asset class.

However, before investing in any kind of commodity, you must do an in depth research and also ask your broker as many questions as possible. Through this category archive we provide you as much information and valuable insights into the world of commodity trading.

We at Cannon Trading are here to help you with your commodity trading needs. You as a trader should select your commodity trading advisor only after performing a due diligence on him/her. We in fact do that for you. This way, you get only the best advice to help you with your commodity trading.

We’ve got the information that you might need at every step of commodity trading, and you’ll find it all right here in the commodity trading section of our blog. Read up, and read on to get equipped!


Weekly Newsletter: Text Alerts, Silver Daily Chart + Futures Trading Levels for Dec. 4th

December 1st, 2023 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Financial Futures, Future Trading News, Future Trading Platform, Futures Broker, Futures Exchange, Futures Trading, Gold Futures, Metal Futures, Trading Guide, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1173

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  •  Important Notices – Trade March bonds, Feb. gold
  • Trading Resource of the Week – Trade Alerts
  • Hot Market of the Week – March Silver
  • Broker’s Trading System of the Week – CL (Crude) Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

    • Federal Reserve Board Black Out Period Dec 2-14
    • March (H24) Interest rate products, ZB, UB,ZN,ZF,ZT. are now front month
    • Front month for gold is February
    • March (H24) front month for silver
    • Earnings watch, Tuesday 12-5 Toll Brothers Builders NYSE (TOL), Thursday 12-7 chipmaker Broadcom NYSE (AVCO)
    • Reports a variety, Main Focus Friday, NFP 6:30am, WASDE 10am and 1st day of Hanukkah all times CST

  • click above for a LIVE demo, streaming prices

 

  • Trading Resource of the Week 

Real Time Text Alerts

Directly to your Phone!
  • You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Text alerts available to US and Canada residents. Int’l clients will receive the alerts via email. No obligation
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies and Meats
  • Open an account* and receive the Trade Alerts free for 3 months ($357 value)

.

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.
March Silver stabilized its break last month and activated upside PriceCount objectives on the correction higher. Now, the chart is taking aim at its first upside target in the 26.41 area.
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.

  • 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.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$15,000.00
COST
USD 115 / 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.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
No

 

  • Trading Levels for Next Week

Daily Levels for December 4th, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.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 herein 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 judgment in trading.

 

Good Trading!
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.

Futures Trading Levels for December 1st

November 30th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Gold Futures, Metal Futures, Trading Guide | Comment (0)

Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

Tomorrow is the first trading day for December. Last and first trading days of the months can at times be more volatile and at times have a chance to become a trending day.

ISM and Fed’s Powell speaking are the highlights on the reports side.

 

Trader’s Check List:

·        Review prior day statement

·        Check for any working orders on your platforms.

·        Be aware of contract rollover dates

·        Set a daily loss limit and learn NOT to overtrade

·        Understand what reports are coming out today

·        Make sure you are not distracted

·        Calculate appropriate trading size based on current volatility and account size

·        Start with Larger Time Frame charts to get proper perspective

·        Understand what your goal is

·        Measure your success or lack of

·        Spend time furthering your trading education and exploring different methods

·        Put trading in perspective and make sure the overall psychology of trading fits you.

Plan your trade and trade your plan.

Download your FREE copy of Order Flow Essentials!

 

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

12-1-2023

 

 

Improve Your Trading Skills

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


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.


Core PCE Tomorrow + Futures Trading Levels for Nov. 30th

November 29th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Index Futures, Indices, Metal Futures, S&P 500 | Comment (0)

Get Real Time updates and more on our private FB group!

Updates and Bullet Points:

By Mark O’Brien, Senior Broker

 

General: 

 

While the Federal Reserve and its main voice Jerome Powell have been steadfast in declaring that interest rates would not be coming down unless the FOMC saw broad definitive proof that inflation was falling, traders have been pricing in that eventuality since the end of October. In just the last three weeks, the E-mini S&P 500 climbed out of correction territory and the yield on the 10-year T-note slid from the 5.00% it touched prior to the last Fed meeting down to 4.30% overnight. Never mind the CME Fed watch tool pegs the potential for a 25-basis points rate cut at the Fed’s December 13th meeting at a slim 1.1% and at 3.1% at their January 31st meeting. What likely has traders’ attention: the Fed Funds futures contract sees the probability of a 25-basis point cut at the March 20th Fed meeting at 40.6%. Don’t count on to begin to telegraph any sort of pivot until the Fed deems any signs of slowing growth as entrenched and that should take some time. The Fed will turn a cold shoulder to making quick moves as they do not want to reignite the inflation fire before it is extinguished.

 

Currency:

 

As the conversation shifts from rate hikes to cuts, the U.S. dollar is on track to hit its lowest level in months.

 

Metals:

 

In the scenario that the dollar and treasury yields continue to fall, look for precious metals like gold and silver to continue their ascent. Gold has already climbed over $200 per ounce in less than two months, from its October 5th close at $1850.80 / ounce to its second day closing above $2050 / ounce yesterday and today (basis February) – a ±$20,000 per contract move for the standard 100-oz. futures contract.

 

Plan your trade and trade your plan.

 

 

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

11-30-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

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


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.


Gold Broke Higher – Next levels? Futures Trading Levels 11.28.2023

November 28th, 2023 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Gold Futures, Metal Futures, Trading Guide | Comment (0)

Get Real Time updates and more on our private FB group!

 

Plan your trade and trade your plan.

 

 

 

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

11-29-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

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


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.


The Week Ahead + Futures Trading Levels for Nov. 28th

November 27th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Trading Guide | Comment (0)

Get Real Time updates and more on our private FB group!

The Week Ahead..   the inflation count– up or countdown? 7,8,9,10

By John Thorpe, Senior Broker

 

All of the activity I will mention below will impact the outlook for interest rate decisions and the future health of our economy.

There are 7 important Gov’t reports this week , Please pay attention to the release times as they most certainly can effect the short term direction of your open positions.

Tuesday- Case-Shiller Home Price Index 8 am CST Consumer Confidence @ 9 am CST.

Wednesday- GDP and Advance Intl Trade in Goods 7:30 am CST.

Thursday-Jobless Claims and Personal Income and Outlays @7:30 AM CST

Friday- ISM Manufacturing @ 9AM CST..

There are 8 earnings numbers to watch.

Tuesday- BMO Bank of Montreal, CRWD Crowdstrike , HPE Hewlett Packard and INTU Inuit.

Wednesday- DLTR Family Dollar tree and CRM Salesforce

Thursday-ULTA Ulta Beauty and DELL Dell computer.

Friday will be a quiet earnings day.

These are important bellweather’s in their respective industries, Salesforce has been the number one stock this year boasting a 67% return.

There are 9 Fed Governor speeches this week.

Tuesday- 4 speakers Goolsbee, Waller, Bowman Barr Between 9am and 2:30 Pm CST

Wednesday- 1 Speaker Mester 12:45 CST

Thursday- 1 speaker @ 8:15 CST Williams

 

Friday- 3 Speakers Barr, Goolsbee, JEROME POWELL twice , 10am and 1PM CST

Last Friday’s OPEC meeting had been postponed until 13:00 GMT this Thursday.

According to Reuters, Nigeria and Angola wanted to have higher quotas and an agreement could not be reached. There are 10 member countries from Africa , Venezuela, Iran and Iraq round out the 13 current group members. Oil prices have taken a slide lately from $90.00US/BBL to the low $70.00’US/BBL.

The reductions in global oil prices have yet to be reflected by any meaningful measure at the retail level.

Plan your trade and trade your plan.

 

 

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

11-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

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


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.

Have A Questions? Open an account Free Demo Account Free Demo Account

Question?

Valid first name is required.
Valid last name is required.
Phone number is required.
E-mail is required.
Message is required.

Fill out your trade profile.

Phone (USA)
(800) 454-9572
Phone (International)
(310) 859-9572
Our Approach

You and your broker will work together to achieve your trading goals. We develop long term relationships with our clients so that we can grow and improve together.
Learn More About Choosing Cannon

Our Platforms

Please click on one of our platforms below to learn more about them, start a free demo, or open an account.
E-Futures Sierra Charts Firetip (Mac Compatible) RTrader

Trading Education

Recommended Resources
Guide to Risk and Opportunities of Futures and Options Trading
Steps to Successful Day-Trading
Day Trading Webinar

Recent News

Posts by the Cannon Trading Blog.

See the Support and Resistance Levels

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
________
Doing Business With
See more...
Loading
Loading

Loading