Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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Are Inter Commodity Spreads Right for You? & Support and Resistance Levels 9.28.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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Are Inter Commodity Spreads Right for you?

By John Thorpe, Senior broker
Used alone as a strategy or as a hedge over the weekend or longer..
You can still hold volatile positions at reduced margins by employing exchange recognized spreads.
You can trade similar products but from different sides of the ledger, long vs short
Example, Corn vs Wheat ratio 2:1
Notes vs Bonds, Ratio 2:1
Index futures vs each other 1:1
Some traders use these as stand alone strategies, others use them as hedges to straddle a time period, perhaps you don’t want full exposure during an important report but still like your entry price on one leg.
If this is the case you may offset a part of the risk with a different but similar product and receive a margin break for reducing your overall risk.
 Inter Spreads are calculated as a percentage of Credit off the top of the full outright margin of the products that make up the legs of the spread.
NQ Mini Nasdaq 100 vs. YM Mini Dow with a ratio of 1:1 – 55% Inter rate
Outright rates
NQ 17,000    YM 9,000
17,000+9.000= 26,000 outright margin before SPAN inter spread credit is applied
With the inter spread credit applied to each leg of the spread, there is a savings of $11,750
 ( 17,000 x .55) = 9350 + (9000 x .55) = 4950 = 14,300
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Of course, you can apply the same logic to the micro contract at 1/10th the size.
MNQ vs MYM = overnight requirement of $1430.00 rather than 1700.00 for the outright MNQ
There are hundreds if not thousands of combination based on correlated relationships that are recognized by the exchange. Please call your Broker or ,if you don’t have an account yet and would like to know more, call Cannon +1 310 859 9572 and we will be happy to spend time with you about this different way to manage your trading risk.

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-28-2021

Support and Resistance Levels 9.28.2021

Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

Weekly Newsletter 1068: Day Trading Mind Traps & Intro to Crude Oil Futures Course & Trading Levels for the Week Ahead 9.27.2021

Posted on by Ilan

Cannon Futures Weekly Letter Issue # 1068

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

 

Day Trading Mind Traps

“One way our brain helps keep us safe is to protect us from an awareness of our weaknesses. The brain believes that it is better to be falsely confident than recognize the real risks. This protective mechanism tends to work against us in trading.” Kenneth Reid, Ph.D
MINDING THE MIND
The mind can play tricks on us. Intuitive Trading is an attempt to mind read the market, which makes us susceptible to whipsaws. Hindsight Bias causes traders to underestimate the difficulty of trading, while Competency Bias causes us to over-estimate our abilities. These are mental banana peels that set us up for a fall.
INTUITIVE TRADING
Intuitive trading is a natural response to excessive randomness and non-linearity in the market. But making informed guesses is not the same as formulating a rule-based pattern-recognition system that gives a trader a true edge. Without a rule-based plan, intuitive traders expend a great deal of energy mindreading the market, which will not improve your odds of success. In fact, professional traders make a good living exploiting the emotionally-driven behavior of intuitive amateurs.

Watch a recording of a recent webinar held with Bookmap on the topics of:

  • Order Flow
  • Where are the large orders?
  • Heat Map?
  • Tools for day-traders
  • More….
Crude Oil Futures

Trading 101: Free Course – An Introduction to Crude Oil

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 when it comes to Futures Trading.

 

Futures Trading Levels

09-27-2021

Futures Trading Support and Resistance Levels 9.27.2021

 

Weekly Levels

Futures Support and Resistance Levels

 

Trading Signals for commodities

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

https://mrci.com

Date Reports/Expiration Notice Dates

Futures Economic Reports

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

Micro Bitcoin Futures

Posted on by Ilan

Micro Bitcoin Futures

Cryptocurrency has taken off as an encrypted alternative to real spending money, giving people more options for doing business. Bitcoin is one of the leading cryptocurrencies on the market, especially after it boomed in 2017. Nowadays, many websites accept Bitcoin payments, which has helped the cryptocurrency market grow significantly. Micro Bitcoin futures have also made a significant impact on the futures trading industry. 

Now, many brokers offer futures for Bitcoin and other types of cryptocurrency. It is easier than ever to trade shares of these types of currency, and traders of all experience levels can trade practically anytime and anywhere. 

  • Keep in mind that before you start trading Bitcoin/ Micro Bitcoin and other crypto futures you will need to acknowledge additional risk disclosures on top of the standard futures disclosures.

One of the most convenient ways for traders to get the results from cryptocurrency is by trading micro futures. Recently, the CME Group announced new Micro Bitcoin futures, which have revolutionized futures trading. Now, for 1/10 the cost of the average Bitcoin share, a trader can purchase shares of this new type of future. 

About Our Team

Cannon Trading has the tools traders need to begin trading cryptocurrency futures. We have various platforms that meet all needs, allowing traders to trade what they want when they want them. 

Our experienced brokers are here to help traders of all levels through the process. We specialize in developing innovative platforms that help traders navigate the market.

Whether a trader is part of a professional trading organization or participating in day trading, our brokers can help. We work with clients from various backgrounds, providing everything from multilingual trading services to broker-assisted trading. If a trader is interested in our services, our customer support team of qualified brokers would be happy to help.  

About Micro Bitcoin Futures

Micro Bitcoin Futures and Bitcoin Futures are both offered by CME to traders around the world. These contracts vary in size, depending on whether a client pursues a regular Bitcoin future or a Micro Bitcoin future. 

Micro Bitcoin Futures allow traders to access Bitcoin Futures for a tenth of the cost of a regular Bitcoin future. Both types of contracts make it easy to get into the Bitcoin market, allowing clients to get the most out of their trading process. 

Trading Micro Bitcoin Futures

The CME Group launched Micro Bitcoin Futures in May of 2021 and it has been a successful  contract from the start. With Bitcoin rising in prominence worldwide, it is easy to see why this type of futures contract appears to be here to stay. 

Bitcoin futures trading has been prominent since 2017 when the CME Group introduced it. Micro futures allow traders to speculate and hedge using 1/10th the size of a single coin of this iconic cryptocurrency. With Bitcoin still dominating the cryptocurrency industry, it is easy to see why many traders prefer the Micro futures over the traditional larger Bitcoin futures as the good faith deposit required is 1/10th of that of the standard Bitcoin contract.

While the new Micro Bitcoin Futures provide a value of 1/10 of a Bitcoin, these contracts are 1/50th the good faith deposit required of a traditional Bitcoin contract. This lower margin requirement allows traders to access more futures, giving them greater control of how much they can invest. 

The versatility of the market, along with the lower capital involved, helps more traders access this type of future. It is for this reason that Micro Bitcoin Futures are popular with both active traders and cryptocurrency users. 

Benefits of Micro Bitcoin Futures

There are many benefits involved in trading Micro Bitcoin Futures, which can help traders who have just started participating in the market. 

Micro Bitcoin futures allow traders to take advantage of the many benefits of Bitcoin futures without investing as much. The CME Group saw the need for a minor Bitcoin futures contract, especially since the traditional contract was worth 5 Bitcoin. 

More people could participate in cryptocurrency futures trading by creating this new, minor contract, which helped liquidity.

The institutional volume for Micro Bitcoin Futures has allowed the market to reach over a million contracts in just a short period. While this type of trading launched in the summer of 2021, it has become a popular choice, even seeming to outpace the traditional Bitcoin futures market. 

Here are just a few of the benefits traders can expect when utilizing Micro Bitcoin Futures:
  • Smaller capital investment
  • Reasonable bid offer spreads
  • Lower entry price
  • Regulated financial products
  • More accessible to more traders
  • And more

The team here at Cannon Trading can help traders understand this type future, allowing them to get the most out of their opportunities. We understand that our traders have varying needs, which has led us to develop innovative solutions and platforms to achieve them. 

Our team wants to help people get the most out of their Micro Bitcoin futures, which is why we have a dedicated group of brokers ready to assist our traders. 

We also have platforms for various needs and trading opportunities, from mobile platforms to desktop applications. Our products were designed with traders in mind, giving people the functionality to access the market. 

Impact of Micro Bitcoin Futures

While Micro Bitcoin Futures are relatively new to the market, they have made a significant impact on trading as a whole. This type of contract allows traders to explore the cryptocurrency futures market without spending as much capital as a traditional contract would require or coin in the Cash marketplace.. 

We understand that new traders may have a lot of questions regarding this type of cryptocurrency futures trading venue. There are risks involved in trading futures and even greater risks when trading Bitcoin and MICRO bitcoin futures. Our team is here to help field any questions a person might have regarding the trading process as a whole. Cannon Trading makes it easy to navigate the market, as we provide cutting-edge platforms that simplify the trading process. 

Our brokers have been assisting traders since 1988, which has allowed Cannon Trading to become a leading name in the futures trading business. We opened our online trading service in 1998, which allowed more traders than ever to participate in the market. Over 20 years later, traders have continually recognized us as one of the leading brokerage services. 

How Cannon Trading Can Help Micro Bitcoin Futures Traders  

At Cannon Trading, we have the tools traders need to make informed decisions before investing in the futures market.  

We provide access to cutting-edge software and programs that put our traders at the forefront of the industry.  

Cannon Trading’s experienced brokers can help clients learn more about oil futures, offering insight into the overall market, as well.  

We work with traders from many different backgrounds, including: 
  • Broker-assisted traders 
  • Day traders  
  • Diversified traders 
  • Institutions  
  • Professional traders 
  • And more 

Whether you’re a beginning trader or an experienced one, our brokers can help you navigate the market. We have direct experience with the market so that we can help our clients best navigate the market.  

We also provide them with the tools to make the most of markets and manage risk during volatile times. 

Contact Cannon Trading 

Our professional commodities brokers will work with you to understand your specific trading style and requirements and provide you the essential advice and information you need to thrive in this highly lucrative market. 

As an example, Cannon Trading’s Broker-assisted Trading solution provides traders new to the field with the essential advice and tools they need to accelerate their understanding of some of the mechanisms that affect prices in any futures contract market.  

Contact us today to learn more about commodities trading and information on futures options and other listed commodity contracts. 

Disclaimer 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve a substantial risk of loss and are not suitable for all investors.  

Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you regarding 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. 

Order Flow, Buy & Sell Zones, & Support and Resistance Levels 9.24.2021

Posted on by Jenny Collins

Dear Traders,

Get Real Time updates and more on our private FB group!
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Yesterday we hosted a very interesting webinar with Bookmap about order flow, buy and sell zones, liquidity of large orders and MUCH MORE.

On a personal level I really enjoyed the information as I am the type of guy who has been looking at indicators/ volume charts, range bar charts and probably many of the things that many of futures traders are used to. The data and information shared yesterday during live market hours with forward thinking analysis was very interesting to me and I will do more homework on the topic.

If you did not attend the webinar and would like to see a recording, CLICK HERE.

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-24-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

Futures Insight – “The Market Keeps Hitting My Stop Orders!” & Support and Resistance Levels 9.23.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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 “The Market Keeps Hitting My Stop Orders!”  by Mark O’Brien, Senior Broker:

This is a shared annoyance among futures traders, particularly for those trades where their initial stop orders are hit. Certainly, this condition can be approached by discussing any trade’s risk – in terms of actual dollars, or number of points or cents. But for purposes of this blog post, let’s approach the condition by discussing strategy. One strategy in particular that can be implemented in lieu of simply placing a stop order is regularly termed a back spread. It involves taking a position – long or short – in a futures contract, then entering a long, opposing option position. A simple example would be to take a long position in the E-mini S&P 500 futures contract and purchasing a put option. The selection of which option to purchase will determine the risk/reward parameters of the overall trade. Generally, the closer to the money, or the deeper in the money the purchased option’s strike price is, the less tolerant the back spread will be to adverse price movement, because as the futures contract incurs losses, so too will the purchased option incur gains. The delta of the option at the time of purchase will provide the initial amount of protection against an adverse price move, expressed as a percentage of a single futures contract (equal to 100%) and which will increase with adverse price movement. Conversely, the protection will decrease with a favorable price move. An important component to this position, of course, is the expiration date of the option. It will not only determine how long the insurance will be in place, but it will also determine in part the overall strategy’s ability to tolerate. An at-the-money option whose expiration date is within days will more effectively provide protection against an adverse price move than one whose expiration date is weeks away, but for a more limited amount of time. Everything considered, if you’re looking for an alternate strategy substitute to simply placing a stop order, a back spread could be considered.

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-23-2021

Support and Resistance Levels 9.23.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Report 9.23.2021

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 as well as options on futures.

Using Trailing Stops to Manage your Risk & Support and Resistance Levels 9.21.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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FOMC tomorrow. Do your homework, look at price action during the last few FOMCs.
Also we will have a LIVE WEBINAR with live price action post FOMC and see in real time what type of information price action and order flow provide. Register here.

A Trailing stop Tweak   by John Thorpe, Senior Broker:

When traders decide to deploy trailing stops, they may decide to take a look at avg truer range to determine volatility of the market so they have a better gauge of how much to risk on each trade and how likely, if they are correct about the direction, will they be to successfully set the trailing distance. Tweak your stops to reduce the risk to your Net Liquidating Value.
               Whatever indicator or set of indicators you like to use to determine how many points the market must travel before your stop automatically modifies and moves to your new “Protection Level”, I think all traders agree when this happens, we have a winning trade on the books., Typically the worst we will get filled when the market does change direction, with a little slippage is a trade that finishes in the black!
               What happens when the stop doesn’t trail, a hard stop is elected the market takes the position out, with a little slippage, below our breakeven? The trade ends in the red.
Whether you trail or use a hard stop, stops are part of risk management and in my opinion, essential to long range trading success: use stops or trailing stops.  If the stop never trails, the trade will end with a predetermined loss,(less slippage and fees) , Some people like to set stops after they enter the market, (some say they do but rarely will). I do.
The importance of using stops can not be understated. What I do once I have determined how many ticks I will use for my trailer, is to place the Trailing stop LESS THAN my hard coded distance E.g. hard coded trailing distance is 20, I will place the stop at 12 or 14. That way, if the market modifies the stop at least once, the trade will do better than break even by 6 or 8 points less fees rather than getting stopped at breakeven less fees.  If the stop modifies twice then I have the potential for a 34 to 36 point gain on this trade, less fees. If the position gets stopped I will not take a 20 point loss, rather a 14 to 16 point loss.
If we always place the trailing stop at the same distance when we initiate our entry trade, we will always do worse than breakeven if we get stopped out.  If you loosen your trailer and tighten your entry, you might just turn the account from red to black.
Our free platform, E-Futures Int’l offers trailing stops as one of the order types as you can see below. Sign up for a FREE, Realtime data demo here.

E-Futures Demo

 

Bookmap Real-Time Order Flow Analysis Webinar

 

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-22-2021

Support and Resistance Levels 9.21.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Reports 9.21.2021

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 as well as options on futures.

Large Swings & Big Intraday Moves, Reminder of Limit Moves & Circuit Breakers & Support and Resistance Levels 9.21.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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Some very large swings and intra-day moves across more than a few markets!
Volatility is increasing.
When that happens, my personal opinion says:
*Reduce trade size
*Be a bit more stubborn in entry points with the thought of, “No trade is better than a bad trade”
Just in case….Here is a refresher about limit moves and circuit breakers:
A price limit is the maximum price range permitted for a futures contract in each trading session.  When markets hit the price limit, different actions can occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded, they may remain in a limit condition or they may stop trading for the day, based on regulatory rules.
CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE).
  • 7%, 13%, and 20% price limits are applied to the futures fixing price and are effective from 8:30 a.m. CT – 2:25 p.m. CT. Mondays through Fridays. From 2:25 p.m. to 3:00 p.m. CT, only the 20% price limit will be applied to the futures price fixing.
  • 7% up-and-down limits are effective 5:00 p.m. – 8:30 a.m. CT. Sundays through Fridays; and 3:00 p.m. – 4:00 p.m. CT, Mondays through Fridays. Between 3:00 p.m. – 4:00 p.m. the 7% price limit will not be allowed to breech the 20% daily limit.
  • The fixing price is the volume weighted average price, VWAP, calculated during the 30 seconds of trading from 2:59:30 p.m. – 3:00:00 p.m. CT. View Equity Index Fixing Prices page
If you don’t understand how the circuit breakers/ price limits work…make sure you call us and talk to a broker at + 1 310 859 9572, feel free to reach out even if you are not a current client – we will be happy to assist.
So we went from 6 weeks of lower volatility, overall higher stock prices to Dow being down over 1000 points at one point today!!
This is MAJOR alert in my opinion that market sentiment may have changed.
Be aware and if the below applies, you are in a better spot….
If you know how to take a loss.
If you know how to reduce trading size based on volatility.
If you know how to trade spreads ( NQ vs ES?)
If you understand options spreads.
THAN there are some very interesting set ups out there ( STILL with HIGHER RISK than normal). However if none of the above applies to you, the risks outweighs the potential opportunities. – PERSONAL opinion
On a different note, if you are NOT a Cannon client yet, you may want to read this recent review!!

Bookmap Real-Time Order Flow Analysis Webinar

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-21-2021

Support & Resistance Levels 9.21.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Economic Reports 9.21.2021

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 as well as options on futures.

Weekly Newsletter 1067: Intro to Crude Oil Futures and Financials & Bookmap Real-Time Order Flow Analysis Webinar & Trading Levels for Week Ahead 9.20.2021

Posted on by Ilan

Cannon Futures Weekly Letter Issue # 1067

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

 

Trading 101: Free Course – An Introduction to Crude Oil

Today’s energy crude oil market is truly global. From West Texas Intermediate (WTI) to Brent and DME Oman, the crude oil market fuels many of the world’s leading economies and impact nearly every nation. Energy crude oil futures and options provide the tools the industry needs to manage risk. Explore the key concepts and structure of today’s energy markets, including the factors that affect supply and demand and move prices. Learn how to use these instruments to hedge exposure and unlock opportunities

Crude Oil Futures

ACCESS THE COURSE NOW By Clicking Here

 

Bookmap Real-time Order Flow Analysis

In this session, we’ll take a look at how to utilize Real-Time Order Flow Analysis while trading variety of futures with a focus on the liquid, smaller MICRO products.
Bruce Pringle, has been trading a variety of markets for over 10 years. He leads Bookmap’s trading education department and supports traders and professional educators.
Bruce has developed expertise in reading order flow and market microstructure.
In this webinar you will learn and see live examples:
• Learn how to read Order Flow
• See Stops and Iceberg transaction
  • How to Trade E-Micros from the E-Mini chart

Register Now as Seats are limited!

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 when it comes to Futures Trading.

 

Futures Trading Levels

09-20-2021

Futures Support and Resistance Levels 9.20.2021

 

Weekly Levels

Weekly Support and Resistance Levels

 

Trading Signals for commodities

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

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Reports

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

Quadruple Witching Tomorrow & Support and Resistance Levels 9.17.2021

Posted on by Ilan

Dear Traders,

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

Quadruple witching tomorrow….

Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.
Keep in mind that September mini SP and it’s relatives ( mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.
The September contract will simply cease to trade. If you have not switched to December yet, now is the time…..
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..

 

Bookmap Real-Time Order Flow Analysis Webinar

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-17-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

October Natural Gas Rally and Review & Support and Resistance Levels 9.16.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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Wednesday Sept. 15th insight by Mark O’Brien, Cannon Senior Futures Broker:

Market Insight: Natural Gas

In just three weeks of trading (Aug. 25-today), Oct, natural gas has made a massive ±$1.50 rally ($15,000 per contract), doubling in price from a year earlier reaching prices not seen since early 2014. Yet, at ±$5.50 per million British thermal units (MMBtu), natural gas prices are a fraction of that in Europe and Asia where prices have approached $18.00-20.00 MMBtu! The fundamental bases for these high prices: the U.S. is behind schedule stocking up for the winter. At the same time, it’s an important exporter to Europe which is in its own precarious supply situation with storage for winter ±16% below its 5-yr. average.
What’s next for prices depends largely on what kind of winter is in store for the U.S. and Europe and the degree to which U.S. producers can ramp up on storage. Catching up on the 5-yr. average build-up will be closely monitored.

Daily Chart below

Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this letter are of opinion only and do not guarantee any profits.
Past performances are not necessarily indicative of future results.
Natural Gas Futures Chart
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 when it comes to Futures Trading.

 

Futures Trading Levels

9-16-2021

Support and Resistance Levels 9.16.2021

 

Futures Trading And Commodity Trading Daily Insight and Information via Facebook group
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Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.