Futures Exchange News & Information on Cannon Trading

Futures Exchange

Category Archives: Futures Exchange

No matter how much time and attention you pay to the details of future trading and futures exchange, sometimes it can get difficult to understand what these things are. Otherwise also known as futures markets, a futures exchange is where people trade future contracts.

This contract is to buy certain specific quantities of a certain commodity and/or a financial instrument. Another thing about the futures exchange is that the contracts traded on it are always standardized. And, there are a number of elements that define the standardization of the contract. There is a list of futures exchanges or futures markets that you must read about before entering the futures exchange.

We at Cannon Trading are there to help you understand and assist in matters related to futures markets. Apart from our expert traders and brokers who can be reached at any time, our online knowledge base helps you get all the information possible on the latest about futures markets in different parts of the world. So, in order to be better informed, read through all the blogs in this category archive.


Market Scanner, July Natural gas + Trading Levels for May 20th

May 17th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Natural Gas, Weekly Newsletter | Comment (0)

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Cannon Futures Weekly Letter Issue # 1194

In this issue:
  • Important Notices – Earnings, FOMC Minutes & Market Scanner
  • Futures 101 – Cannon Trading Market Scanner! NEW
  • Hot Market of the Week – July Natural Gas
  • Broker’s Trading System of the Week – NQ Swing System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

Earnings, FOMC Minutes, 9 FED Speeches
  • Earnings Highlights: Lowes Pre open T, Target Pre-op W, NVIDIA W after close, Intuit TH after close
  • ECON Data: on Wed. Existing Home Sales 9am Central, FOMC Minutes 1PM central: Th-7:30 Initial Jobless claims,8:45 PMI,9:00 New Home Sales: Fri. 7:30 Durable Goods,9:00 Mich. Consumer Sentiment Final all times CST .
  • Fed Speeches: Mon. Bostic, Waller, Jefferson begins @ 7:45: Tues, Waller, Barkin, Williams, Bostic Begins @ 8:00 am Th. 2 PM Bostic: Fri. 8:35 am Waller. all times CST

 

 

Futures 101 :

Cannon’s Market Scanner

In the overview below, you’ll find our analysis of which markets present the best opportunities for long and short positions.
Our latest offering is the culmination of extensive research and rigorous backtesting of mathematical models designed to forecast the optimal direction for market engagement on any given day. The result is a comprehensive table that highlights the markets our algorithm deems most favorable for long positions, as well as those suitable for short positions. But what does this mean in practice? There are numerous strategies one might employ, yet the core principle remains: recognizing a market’s inherent bias can significantly aid a trader’s decision-making process. For instance, if there’s an identifiable long bias in a market nearing a support level, instead of considering a short position, it would be prudent to contemplate a purchase, aligning with the market’s long inclination. This is merely one instance of how such insights can be leveraged. We suggest monitoring the data closely for several days, or even weeks, taking detailed notes throughout. By dedicating yourself to this analysis, we’re confident you’ll discover the immense value of this information.

 

If you are a day trader, above 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.

 

  • Hot Market of the Week – July Natural Gas

 

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.
July Natural Gas
July natural gas stabilized its slide in February and now has activated upside PriceCount objectives off the lows. The first count projects a potential run to the $3.02 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.
Treasury Bond Auctions and Price Action Watch video below.
Treasury Bond Auction and its Impact on Stock Index Futures

   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
Swing
Recommended Cannon Trading Starting Capital
$75,000
COST
USD 50 / 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 May 20th 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.


PCE Tomorrow!  + Levels for April 26th

April 25th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading | Comment (0)

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The U.S. GDP experienced a modest increase of 1.6% in the first quarter, marking the slowest expansion in two years. This news prompted a downturn in U.S. stock markets. But should investors be concerned about this figure?

Ben Laidler, the Global Markets Strategist at eToro, appeared on Wealth! to shed light on the implications of the GDP data for investor portfolios.

Laidler commented, “The recent GDP figure isn’t ideal, yet it’s not as dire as it may seem. The core elements that matter to us—business investment and consumer spending—are holding strong. The observed softness is largely attributed to less critical factors, which are expected to rebound in the next quarter, specifically trade and inventory levels.

  • While the inflation metric is slightly unsettling, it’s best to wait for the upcoming release of the monthly Personal Consumption Expenditures (PCE) index. This will provide us with more clarity on the extent of our concerns regarding the current economic situation.”

 

 

 

Daily Levels for April 26th, 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.


More Fed Members to Speak Tomorrow. Volatile Markets Across the Board! + Levels for April 18th

April 17th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading | Comment (0)

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What to look for the rest of the trading week:

By Mark O’Brien, Senior Broker

General:   

 

It’s not far fetched to state that there is anxiety in the marketplace.  Gold and silver prices have exploded – the former to all-time highs, the U.S. dollar has climbed the entire first quarter including a sharp ±200 point rise over the last two weeks and financial institutions worldwide are facing rising interest rate pressures.  Here in the U.S. last week’s hotter-than-expected March CPI and PPI reports reflected a growing economy straining to “tap the brakes.”

 

Moreover, in the Middle East tensions have reached their highest levels in decades as the region braces for potential Israeli retaliation after Iran launched hundreds of missiles and drones at Israel over the weekend in response to an apparent Israeli strike on Iran’s embassy compound in Syria on April 1 that killed 12 people, including two Iranian generals.

 

Energies: 

 

Noteworthy for its downside move, natural gas has been contending with substantial inventories and muted demand for months and the front month May futures contract has now lost nearly half its value since November – from ±$3.300 down to $1.675 per MMBtu, a ±$16,000 per contract move for the standard 10,000 MMBtu contract.

 

Softs:  

 

The latest commodity futures contract to make a break for higher prices is coffee.  After trading within a ± 20-cent range between ±$1.80 and ±$2.00/pound all year, the last two weeks have seen a brake above $2.40/pound, roughly a $7,500 per contract move (each 1-cent move in coffee = $375), driven by fears of decreased output from Brazil and Vietnam, which are major producers in the coffee industry.

 

Metals:   

 

June gold is poised to set its latest all-time high closing price at the close of trading today, above $2,400 per ounce.  On Friday, it traded to an intraday high of $2,447.6 per ounce only to plummet $97.00 per ounce to an intraday low of $2,350.60 per ounce – a $9,700 move for the 100-oz. contract – in a span of ±4 hours!

 

 

 

 

Daily Levels for April 18th, 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.


OPEC Meeting + Futures Trading Levels for April 3rd

April 2nd, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Gold Futures | Comment (0)

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OPEC Meeting tomorrow

  • OPEC+ JMMC meets on Wednesday at 1100 GMT
  • Producers earlier agreed to extend output cuts
  • Oil rallies to $89 a barrel, highest this year

LONDON, April 2 (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their highest this year.

The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, will hold an online joint ministerial monitoring committee meeting (JMMC) on April 3 to review the market and members’ implementation of output cuts they have already agreed to extend.

Gold hit all time highs!

Gold chart for your review below.

 

 

Plan your trade and trade your plan

 

 

 

 

 

Daily Levels for April 3rd, 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.


Gold Outlook + Futures Trading Levels for April 2, 2024

April 1st, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Gold Futures | Comment (0)

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First Week of Q2!

  • Heavy Fed Speeches, 19 Count ’em, Tuesday thru Friday with JPowell on Wednesday @ 11:10 a.m. CDT from Stanford.
  • Earnings season will officially begin the middle of April.
  • Economic Data Highlights : Jobless Claims early Thursday and NonFarm Payrolls headline Friday pre-opening
  • Gold Chart for your viewing below

 

 

Plan your trade and trade your plan

 

 

 

 

 

Daily Levels for April 2nd, 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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