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Metal Futures

Category Archives: Metal Futures

Trading metal futures? If you are planning to, then it is important to know that in this kind of trading you always have to come prepared. Do your homework and track the indices daily. Take out time and check how metals are doing in different parts of the world.

Take a look at the Eastward market every day. The first markets to open are the Asian ones. Begin your tracking of indices from here. Apart from this you will also have to be regular with reading the business reports. There is much work for you to do before you put your money in metals futures.

Because trading requires one to take out a considerable amount of time for studying and analyzing, and because a lot of people have everything but time, there are traders and brokers. We at Cannon Trading can assist you with trading. If you want to trade yourself, we give you the advice. In short, we are there to help you with whatever you have got. Here we have a category archive that lists some informative blogs on metal futures and trading. Go through these valuable posts to increase your knowledge of metal futures.


Weekly Continuation Futures Gold Chart 11.06.2015

November 5th, 2015 Filed under Commodity Trading, Futures Trading, Metal Futures | Comment (0)

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday November 06, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Monthly unemployment numbers tomorrow. Many markets will have volatile reaction so be aware of the report and others that will come in later.
The main market I am curious about is gold. Currently oversold but in a nice down trend so the big question is which way will it play? test previous lows or snap? Perhaps both….Weekly chart for your review with circles marking mostly lower highs and lower lows….:

GCE - Gold(Globex), Weekly Continuation

GCE – Gold(Globex), Weekly Continuation

Read the rest of this entry »


Gold Futures – What’s Next? 7.22.2015

July 21st, 2015 Filed under Commodity Trading, Future Trading News, Futures Trading, Metal Futures | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday July 22, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Gold – What’s Next?

From what I understand China holds quite a bit of physical gold, leaving the door open for additional sales in the future.

Gold sold off in a big way Sunday night (July 20th trading session) following a weak close right on support levels the prior week.

News came out that a big bullion dealer from China sold a very large amount of bullion in a matter of 2 minutes, sending gold prices down to 1080 for a short period of time before bouncing back up.

From what I understand, China holds quite a bit of physical gold and that leaves the door open for additional sales in the future.

Read the rest of this entry »


Silver Futures & Economic Reports 3.27.2015

March 26th, 2015 Filed under Commodity Trading, Future Trading News, Metal Futures | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday March 27, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

I just wrote this one for forexmagnates.com yesterday and wanted to share with you.

Silver Futures at the Crossroads

After a long period of declining prices we finally saw a significant bounce on silver futures over these past couple of weeks. The question I ask myself is: Is this a good place to sell, is this just a bounce/short covering and the trend lower will resume?

OR

Is this rally a beginning of a breakout to the upside and trend reversal?

Only time will provide the correct answer but until then I think the following two strategies are worth looking at:

1.  Sell futures right around the $17 level and place a stop on the short along with another stop to go long if market breaks above $17.30 (see chart below).
2.  Sell call option premium on rallies and sell put option premium on sell offs as we take the assumption that the market will be trading between $16 and $18 for the next few weeks. Selling premium is a dangerous strategy with unlimited risk.

As I don’t see any major changes in the fundamental picture for silver, I like to use the chart and technical studies in an attempt to come up with a good risk-reward trade.

Read the rest of this entry »


Futures Levels & Economic Reports 1.23.2015

January 22nd, 2015 Filed under Commodity Trading, Future Trading News, Futures Trading, Metal Futures | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday January 23, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

In hindsight it always looks easier…ECB announces QE – “We should have known it was going up….”  In reality the market was very jittery to start the cash session with some very sharp moves lower before it started running up and up….

I think that when this is all said and done, one day down the road, the end result will NOT be pretty for global markets but until then we need to trade what there is and not what we think should be…..

My medium term outlook on Silver Futures as featured in ForexMagnates.com available at:

http://experts.forexmagnates.com/silver-bouncing-lows-waiting-europe-qe/

Read the rest of this entry »


10 YR US Treasury Notes Chart & Economic Reports 11.19.2014

November 18th, 2014 Filed under Crude Oil, Future Trading News, Metal Futures | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

I was asked this morning, “what futures markets would you recommend a newcomer to start with?”

While the answer will vary based on perspective trader risk capital, risk tolerance, personality etc. I do think that there are a few markets that might be a better start for first time futures day trader.

I personally would say, leave the mini SP alone. yes it has the biggest volume but there is quite a bit of size on the bid/ask that may make this frustrating for new traders.

My favorite markets to share with first time traders are:

 

  1. mini Dow
  2. ten year notes/ 30 year bonds
  3. mini crude/ mini gold

Read the rest of this entry »

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