Futures Trading News & Information on Cannon Trading

Category Archives: Futures Trading

Futures trading is done by two main parties, one of which is the hedger and the other one is the speculator. Where a speculator is there to trade for either their own accounts or that of their clients, a hedger always uses futures as a possible protection from losses. Hedgers can also be described as individuals or business owners who are more risk averse. Speculators and hedgers are likely to benefit from futures trading if the trader has a strong ability to analyze the markets and understands that future behavior. Though futures can behigh risk, they offer an equally high return and are thus very tempting.

In case you are new to futures trading you need to understand how things work. We at Cannon Trading are there to help with your understanding of all the elements of futures trading and also counsel and advise you with the same. Our knowledge base featured on our website, is a store house of information. In order to know every aspect of futures trading, you must read through these articles that have been listed in this category archive. Go through it and get better informed!

July 18th Futures: Index Sell-Offs, Record Gold Prices, and Natural Gas Declines

July 17th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Energy Futures, Future Trading News, Futures Broker, Futures Trading, Gold Futures, Natural Gas | Comment (0)

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What you need to know for July 18th – Futures Markets

By Mark O’Brien, Senior Broker

Indexes: 

The September E-mini S&P 500 stock index futures contract climbed to it latest all-time high yesterday, closing at 5715.50, only to see its largest sell-off in two years today, currently down ±72 points / 1.25%.

Leading the index pack, however, the September E-mini Nasdaq is currently down ±625 points / 3.00% and ±900 points from its own all-time high posted last Wednesday, closing then at 20,896.50 and breaching 20,000 at this blog’s typing.

Metals:

Gold prices traded up to an all-time high today on growing optimism the U.S. Federal Reserve will conduct an interest-rate cut in September. The front month August futures contract dropped about 0.26% to $2,459.90 per ounce due to profit-taking after hitting an all-time high of $2,488.40 earlier in the session.

Markets now see a 98% chance of a U.S. rate cut in September, according to the CME FedWatch Tool.

Following suit, September silver lost ±95 cents (a ±$4750 per contract move) to near $30.50/ounce.

Energies:

Natural gas futures suffered another bout of heavy selling today with the front month August contract losing ±15 cents (a $1,500 per contract move) / 6.75% today and closing near two-month lows and within a few cents of $2.000 /mmBtu. Despite hot weather across much of the U.S. driving power-sector demand, large inventory surplus numbers have proved an overhang for prices

Daily Levels for July 18th, 2024

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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* 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.

Today’s Headlines and Tomorrow’s Market Movers: IMF Growth Forecast, Fed Updates, and Key Economic Data

July 16th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Trading, Trading Guide | Comment (0)

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Movers & Shakers

By John Thorpe, Senior Broker

Today’s Headlines recap:

The Int’l Monetary Fund (IMF) raised their 2024 China growth forecast to +5.0% from the previous +4.6% estimate
CDC officials Tuesday said there are still no signs of human to human transmission of bird flu, risk of infection still remains very low for the general population
The Int’l Monetary Fund (IMF) claimed tariff increases could push inflation upward.
Fed Gov Kugler: inflation upside risks and labor market down side risks have become more balanced, but would be appropriate to lower rates sooner rather than later if labor market cools too much. If economic conditions continue to evolve favorably, then it will be appropriate to begin easing later this year

Tomorrow’s Market movers:

US housing starts and building permit data will be released Wednesday morning at 7:30 am CT. Economists are forecasting housing starts +1.8% month-to-month to 1.30 mln unit annualized pace in June. They are also forecasting US building permit data +1.0% to 1.40 mln unit rate.
Richmond Fed President Barkin will speak at a Greater Prince George’s Business Roundtable event Wednesday, starting around 8:00 am CT.
The Federal Reserve will release their monthly industrial production and capacity utilization data Wednesday morning around 8:15 am CT. Analysts expect June production +0.3% on month-to-month terms, and expect capacity use at 78.5% compared to the previous month’s 78.7%.
Kansas City Fed event will start Wednesday with Federal Reserve Governor Waller and Kansas City Fed President Schmid set to give opening remarks around 8:35 am CT.
US Treasury announced it will auction $60 bln in 17 wk TBills on Wednesday
Federal Reserve “Beige Book” of anecdotal economic conditions from US Federal Reserve districts will be released Wednesday afternoon around 1:00 pm CT.

Daily Levels for July 17th, 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

Economic Events for the Week Ahead + Trading Levels for July 16th

July 15th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Financial Futures, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Trading Guide | Comment (0)

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Busy day tomorrow!

Core Retail Sales m/m
Import Prices m/m
Business Inventories m/m
NAHB Housing Market Index
FOMC Member Kugler Speaks

Please see all Data Release times below on the calendar!

Daily Levels for July 16th, 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

Weekly Newsletter: Essential Lessons in Trading Psychology + Trading Levels for July 15th

July 12th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, 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 # 1201

In this issue:

Important Notices – Earnings, FED Speakers, Upcoming Reports
Futures 101 – Trading Psychology Self help Course
Hot Market of the Week – August Crude Oil
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:

Fresh Earnings, Fed Powell Monday, Heavy economic Data.
- On the earnings front ( I always list according to Largest Net Cap) (over 350 earnings reports)
16th: United Healthcare, Bank of America and Morgan Stanley. 17th Johnson & Johnson. 18th Netflix
- Fed Speaker menagerie: Chair Powell at the Economic Club of Washington D.C. Monday 11:3.0 am Central , the rest of the week, Kugler, Barkin, Waller, Logan, Daly, Bowman and Williams.
- Lively Economic Data! (should be lively for market action) Retail Sales, Business Inventories, Building Permits, Housing Starts, Capacity Utilization, Jobless Claims, Philly Fed.
- Check the calendar for dates and times!

Futures 101: Trading Psychology Course

In this “Trading Psychology” Course you will learn:
- How to examine your patterns and behaviors and recognize when they are holding you back
- Maintaining self-confidence as a trader even in the face of inexperience
- The mathematical expectation model and how it can decrease your losses
- Determining the trading plan that is right for your trading personality
- Understanding and using Motivation – Risk – Reward to its full advantage
- Creating effective trading technique strategies
- Qualities of Successful Traders
ACCESS THE COURSE NOW

Questions? We are happy to help!

Hot Market of the Week – August Crude Oil

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.

FREE TRIAL AVAILABLE

August Crude Oil

The rally August crude oil continues to struggle with the spring highs were the chart completed a second upside PriceCount objective. At this point, IF the chart can break out into new sustained highs, the third count would project a run to the $91 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.

Swing61B Cont v.22 _ E-mini Nasdaq NQ

PRODUCT

NQ – Mini NQ100

SYSTEM TYPE

Swing

Recommended Cannon Trading Starting Capital

$50,000

COST

USD 160 / monthly

Get Started

Learn More

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.

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