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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⚠️ 5 Market Hazards Ahead – Soybean, Volatility, CPI & The Fed’s Blackout Shaking up Markets!

Posted on by Jenny Collins

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Cannon Futures Weekly Letter

Soybean

March Soybean

In Today’s Issue #1233

  • Time Change
  • The Week Ahead – CPI, PPI, Fed Blackout
  • Futures 102 – Intro to Treasury Futures
  • Hot Market of the Week – May July Beans Spread
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

USA Time Change!!

Final Week of Standard time in the U.S. “Spring Forward!” Begins Sunday, March 9th.

Advance your clocks 1 hour @ 2 A.M.

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

 

Final Week of Standard time in the U.S. “Spring Forward!” Begins Sunday, March 9th.

Advance your clocks 1 hour @ 2 A.M.

More volatility to come as next week all markets will be reacting to the potential for tariff implementations creating uncertainty in the marketplace. Therefore, increased volatility expectations.

Highlights next week will also include CPI and PPI Wednesday and Thursday respectively prior to cash market open. No fed speakers as we enter the official “BlackOut” period. The next Fed Rate decision is do out the following week.

Earnings reports continue to dwindle with 302 total reports while we are in the top of the 9th inning of earnings season, the reports will be impacting the indices much less than in past weeks.

I am including the European carmakers as a benchmark. My belief is the market will be much more interested in the earnings of these companies in future quarters as bell weathers for potential tariff effects. Finally, for Indices traders, at the end of next week, Friday, this should be the last day you will want to trade the March contract. June will become the front month. M25.

Earnings Next Week:

  • Mon. Oracle post close
  • Tue. Volkswagen AG
  • Wed. Adobe post close, Porsche.
  • Thu.  Quiet
  • Fri. BMW

FED SPEECHES:

  • Mon.     Fed Blackout period
  • Tues.     until the day after
  • Wed.     the next rate announcement
  • Thu.     On Wednesday March 19th
  • Fri.       3/19/25 Chair Powell will Speak, 30 minutes after the rate decision.

Economic Data week:

  • Mon. Quiet
  • Tue. Redbook, Jolts, WASDE
  • Wed. CPI, EIA Crude Inventories, Beige Book
  • Thur. PPI, Initial Jobless Claims, EIA Nat Gas
  • Fri. Michigan Consumer Sentiment

Futures 102: Introduction to Treasuries

Course Overview

Central banks like the U.S. Federal Reserve help shape short- and long-term economic growth by restricting or expanding the supply of money circulating in an economy. They do this through the use of debt obligations called treasuries — such as bills, notes and bonds – in which the government borrows money from the holder for a specified period of time. Because treasuries are viewed as being among safest of all investments, they can be in high demand.

Treasury futures offer one way to gain exposure without trading the individual securities themselves. Learn the basics behind trading Treasury futures, from the delivery process, contract specifications, key concepts like basis and Cheapest to Deliver (CTD) and more. Discover the different ways these contracts are used, from price discovery to risk management to profit speculation, and how they are intertwined with other financial markets like stocks and currencies.

 

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Hot Market of the Week

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

Soybean Spread

May – July

The May – July soybean spread accelerated with a gap higher where it completed its second upside PriceCount objective off the February low. The chart is correcting and closed the gap. IF you can resume the rally with new sustained highs, the third count would project a possible run to the -9 area, which would be consistent with a challenge of the January spike reversal.

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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.

Brokers 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.

ES NZL

The NZL automated trading system utilizes two main ALGOS in an attempt to identify either an early trend in the trading day and/or high percentage counter trend set ups.

The system is fully automated and runs between the hours of 4 AM central and 3:15 PM Central.

The model relies on volume charts rather than time charts.

PRODUCT

Mini SP500

SYSTEM TYPE

Day Trading

Recommended Cannon Trading Starting Capital

$36,000

COST

USD 199 / monthly

Get Started

Learn More

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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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Trading Levels for Next Week

Daily Levels for March 10th, 2025

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Trading Reports for Next Week

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

www.mrci.com

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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.
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Standard and Poor’s 500 Futures

Posted on by Ilan

The Standard and Poor’s 500 Futures (commonly referred to as S&P 500 Futures Contracts) are among the most heavily traded derivatives in global markets. As a vital tool for hedging, speculation, and portfolio diversification, these contracts allow traders to take positions on the Standard & Poor’s 500 Index Futures before market opening and even when traditional stock exchanges are closed.

Traders and financial news consumers know the basics of futures on S&P 500, but there are many obscure facts, forgotten trading techniques, and historical trades that can enrich one’s understanding. Below, we delve into ten lesser-known facts about SPX Index Futures, examine real-world case studies, discuss risk potential, and explain why Cannon Trading Company is an exceptional brokerage for futures traders of all experience levels.

10 Obscure Facts About Standard and Poor’s 500 Futures

  1. The First S&P 500 Futures Contract Had a Different Underlying
    The S&P 500 Future was first launched on April 21, 1982, by the Chicago Mercantile Exchange (CME). However, the early contracts were not directly based on the S&P 500 Index but instead on a related basket of stocks. Over time, adjustments were made to better reflect the actual futures on S&P 500.
  2. The Notorious 1987 Crash and Circuit Breakers
    On October 19, 1987—Black Monday—the Standard & Poor’s 500 Index Futures played a pivotal role in accelerating the crash. The market saw a 22.6% drop in one day, leading to the introduction of circuit breakers—automatic halts in futures trading e-mini futures to prevent catastrophic sell-offs.
  3. Trading Pit Hand Signals Still Exist
    While most of the trading today happens electronically, remnants of the old commodity brokerage system remain. Some veteran traders in Chicago and New York still use outdated hand signals to communicate, despite trading via electronic platforms.
  4. The “Fair Value” Calculation is a Game Changer
    SPX Index Futures prices do not always align with the underlying index due to interest rates, dividends, and arbitrage opportunities. Institutional traders monitor the fair value of the futures on S&P 500 to make strategic moves before market openings.
  5. Micro E-mini Futures Changed the Game
    The introduction of micros futures in 2019 made it easier for retail traders to enter the futures trading e-mini futures market. With contracts one-tenth the size of standard S&P 500 Futures Contracts, these new instruments opened up risk-managed access to one of the most liquid markets in the world.
  6. Hedging with Futures Prevented a 2008 Collapse
    During the 2008 financial crisis, firms that effectively used futures on S&P 500 for hedging avoided catastrophic losses. Goldman Sachs, for example, managed to mitigate stock losses by shorting S&P 500 Futures Contracts, preserving billions in value.
  7. The Dark Side of Market Manipulation
    In 2010, the Flash Crash occurred due to high-frequency trading and manipulation of SPX Index Futures. A single trader, Navinder Singh Sarao, used a technique called “spoofing” to move markets with fake orders, temporarily crashing major indices.
  8. The Expiration of Futures Contracts Can Cause Mini Flash Crashes
    S&P 500 Futures Contracts expire quarterly, leading to heightened volatility known as “quadruple witching” when options and futures on indices and stocks all expire simultaneously.
  9. The Role of the VIX in Trading Futures SP500
    The CBOE Volatility Index (VIX), also known as the “fear gauge,” directly influences futures on S&P 500. Traders use the VIX to predict upcoming market swings and hedge against downside risks.
  10. Historical Anomalies Can Repeat
    Market behavior during futures trading e-mini futures often follows historical patterns. Studying past crashes and recoveries in SPX Index Futures can provide traders with predictive insights, such as the dramatic rebounds after the COVID-19 crash in 2020.

Risk Potential in Trading Standard & Poor’s 500 Index Futures

While trading futures can be highly rewarding, it is also fraught with risk. Below are some of the key dangers:

  • Leverage Risk: Futures trading involves substantial leverage, meaning that small price movements can result in massive gains or catastrophic losses.
  • Liquidity Risk: Although S&P 500 Futures Contracts are highly liquid, unexpected geopolitical events can cause slippage, making execution difficult.
  • Overnight Exposure: Unlike stocks, SPX Index Futures trade 24/5, making traders susceptible to overnight movements and global events.
  • Margin Calls: Traders using excessive margin in futures trading e-mini futures can face unexpected liquidation.
  • Psychological Pressure: Trading S&P 500 Futures Contracts requires discipline, as impulsive decisions in volatile conditions can wipe out accounts.

Why Cannon Trading Company is a Great Brokerage for S&P 500 Future Trading

With decades of expertise in commodity brokerage, Cannon Trading Company is a premier destination for traders seeking top-tier platforms and support. Here’s why:

  • Unparalleled Trading Platforms: Cannon Trading offers a selection of the industry’s best platforms for trading futures, including NinjaTrader, TradeStation, and MultiCharts.
  • Regulatory Excellence: The firm has an exemplary reputation with regulatory bodies such as the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC).
  • 5-Star Ratings on TrustPilot: With consistent top ratings, traders trust Cannon Trading for its reliability and customer service.
  • Education for All Levels: Whether you’re a novice learning what is futures trading or a professional seeking futures broker support, Cannon provides extensive training materials.
  • Micro Futures Accessibility: With micro futures trading e-mini futures, traders can enter the market at lower capital thresholds while maintaining strong risk management.

Understanding Standard and Poor’s 500 Futures requires more than just technical knowledge. Traders who grasp the market’s historical anomalies, obscure trading techniques, and risk factors can navigate volatility with confidence.

By trading with a top-tier futures broker like Cannon Trading Company, traders gain access to elite platforms, regulatory protection, and expert guidance. Whether you’re trading standard S&P 500 Futures Contracts or experimenting with micros futures, Cannon Trading ensures that traders of all levels are equipped for success.

For more information, click here.

Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

Shocking Risks of Non-Farm Payrolls—Are You Prepared for the Volatility?

Posted on by Jenny Collins

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Non-Farm Payrolls

non farm payrolls

Tomorrow

Non-Farm Payrolls tomorrow is a market moving event.

Non-Farm Payrolls: Be aware and don’t get in right before if you CANNOT handle the increased risk and volatility.
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Daily Levels for March 7th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

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Economic Reports

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All times are Eastern Time (New York)

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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.
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Copper Prices Surge $6,500 per Contract After Trump’s 25% Tariff Bombshell!

Posted on by Jenny Collins

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Markets Highlights on Copper

Copper

by Mark O’Brien, Senior Broker

General:

The big one! It’s that time of the month again: we’re a couple of days from when the Labor Dept. releases its monthly Non-farm payrolls report. It’s widely considered to be one of the most important and influential measures of the U.S. economy and the report is released at 7:30 A.M., Central Time on the first Friday of the month.

Ahead of that, today the ADP National Employment Report showed payrolls increased by 77,000 jobs in February, the smallest gain since July 2024, after rising 186,000 in January. Economists had forecast private employment advancing 140,000.

The ADP report, jointly developed with the Stanford Digital Economy Lab, likely exaggerates the labor market slowdown and has no correlation with the government’s employment report.

 Softs:

Arabica coffee futures rose sharply today with the market heading back up towards recent record highs. May ICE coffee rose almost 5% to $4.1855 per lb. intraday. Traders indicated the market showing signs of resuming its upward trend after suffering a sharp setback which took prices from a record high of $4.2995 on Feb. 11 to a low of $3.6630 a week ago – a ±$23,900 per contract correction! The market was keeping a close watch on the weather in top grower Brazil with hot, dry conditions raising some concerns about the upcoming crop.

Energy:

Crude oil futures settled down for the fourth consecutive session today after U.S. crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to increase output in April and U.S. tariffs on Canada, China and Mexico. April West Texas Intermediate crude (WTI) settled down $1.95, or 2.86%, to $66.31 a barrel, its lowest since November ’24. OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, decided on Monday to proceed with a planned April oil output increase of 138,000 barrels per day, its first since 2022.

Metals:

Copper

CME/COMEX copper futures soared today following President Donald Trump’s announced 25% tariffs on copper imports during his Tuesday night speech to Congress. May copper rose ±26 cents/lb. (±5.7% as of this blog post – a $6,500 per contract move – to a $4.825/lb. intraday high.
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April Crude Oil

April crude oil is completing its second downside PriceCount objective to the 66.53 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. At this point, IF the chart can sustain further weakness, the third count would project a possible slide to a new contract low around 62.78. A trade below the October reactionary low would formally negate the remaining unmet upside objectives.

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Daily Levels for March 6th, 2025

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Economic Reports

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All times are Eastern Time (New York)

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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.
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Futures Gold

Posted on by Ilan

Gold has long been a symbol of wealth and a cornerstone of financial systems worldwide. In the realm of futures trading, gold futures contracts offer traders a unique opportunity to speculate on the future price movements of this precious metal. This comprehensive exploration delves into the nuances of gold futures, shedding light on lesser-known facts, trading techniques, and the inherent risks involved. Additionally, we’ll examine why Cannon Trading Company stands out as a premier choice for traders navigating the futures markets.

Gold Futures Contracts

A gold futures contract is a standardized agreement to buy or sell a specific quantity of gold at a predetermined price on a set future date. These contracts are traded on exchanges like the COMEX division of the New York Mercantile Exchange (NYMEX), providing a platform for hedgers and speculators to manage their exposure to gold price fluctuations.

Ten Obscure Facts About Gold Futures Contracts

  1. The “Backwardation” Phenomenon: While commodities typically exhibit “contango,” where futures prices are higher than spot prices due to storage and financing costs, gold occasionally experiences “backwardation.” In this scenario, the spot price exceeds the futures price, often indicating strong immediate demand or supply constraints.
  2. “EFP” Transactions: Exchange for Physical (EFP) is a mechanism allowing traders to swap a futures position for the underlying physical commodity. In gold trading, this enables the conversion of paper contracts into actual bullion, facilitating physical delivery outside the exchange.
  3. “Tick” Size and Value: In gold futures trading, a “tick” represents the minimum price movement of the contract. For COMEX gold futures, the tick size is $0.10 per troy ounce, equating to a $10 movement per contract, given the standard contract size of 100 troy ounces.
  4. “Initial” and “Maintenance” Margins: Traders are required to deposit an initial margin to open a position in gold futures. To keep the position open, a maintenance margin must be maintained. If the account balance falls below this level due to adverse price movements, a margin call is issued, requiring additional funds.
  5. “Volume” vs. “Open Interest”: Volume refers to the number of contracts traded within a specific period, while open interest denotes the total number of outstanding contracts at the end of that period. Analyzing both metrics provides insights into market liquidity and potential price trends.
  6. “Spread Trading” Strategies: Traders employ spread trading by simultaneously buying and selling gold futures contracts with different delivery months or against other commodities. This approach aims to profit from the price differential between the two positions, reducing exposure to outright price movements.
  7. “Delivery” Process Nuances: While many traders close their positions before expiration, those holding contracts into the delivery month must be aware of the delivery process. On COMEX, gold delivery involves the transfer of warehouse receipts, representing specific bars stored in approved facilities, rather than the physical movement of gold.
  8. “Position Limits” and Accountability: Exchanges impose position limits to prevent market manipulation and excessive speculation. Traders exceeding certain thresholds may face increased scrutiny and are required to provide justification for their large positions.
  9. “Circuit Breakers” in Gold Futures: To curb extreme volatility, exchanges implement circuit breakers that temporarily halt trading if prices move beyond predefined thresholds within a session. This mechanism allows traders to assess information and make informed decisions during turbulent market conditions.
  10. “E-Mini” Gold Futures: Beyond the standard 100 troy ounce contract, traders can access E-Mini gold futures, which represent 50 troy ounces. These smaller contracts offer flexibility for those seeking exposure to gold with reduced capital requirements.

Real-Life Case Studies in Gold Futures Trading

Case Study 1: The 2011 Gold Price Surge

In 2011, gold prices reached an all-time high, driven by economic uncertainty and currency devaluation fears. Savvy traders who anticipated this uptrend entered long positions in gold futures early in the year. For instance, a trader buying a gold futures contract at $1,400 per ounce in January and selling at the peak of $1,900 in August would have realized a profit of $50,000 per contract (a $500 increase per ounce over 100 ounces).

Case Study 2: The 2020 Pandemic-Induced Volatility

The onset of the COVID-19 pandemic in 2020 led to unprecedented volatility across financial markets, including gold. Initially, gold prices dropped as investors liquidated assets for cash. However, as central banks implemented expansive monetary policies, gold rebounded, reaching new highs. Traders employing spread strategies, such as long gold and short equities, capitalized on the divergent performance between asset classes during this period.

Risks Associated with Gold Futures Trading

While gold futures offer lucrative opportunities, they also come with inherent risks:

  • Leverage Risk: Futures trading involves significant leverage, amplifying both gains and losses. A small adverse price movement can lead to substantial losses, potentially exceeding the initial investment.
  • Market Risk: Gold prices are influenced by various factors, including geopolitical events, currency fluctuations, and macroeconomic indicators. Unexpected developments can lead to sharp price movements.
  • Liquidity Risk: During periods of low trading volume, entering or exiting positions at desired prices may be challenging, leading to slippage and unfavorable fills.
  • Margin Calls: Adverse price movements can erode account equity, triggering margin calls. Failure to meet these calls can result in forced liquidation of positions at unfavorable prices.

Why Choose Cannon Trading Company for Gold Futures Trading?

Selecting the right futures broker is crucial for successful trading. Cannon Trading Company distinguishes itself through several key attributes:

  • Diverse Trading Platforms: Cannon offers a wide selection of top-performing trading platforms, catering to the varied needs of futures traders. Whether you’re a novice or an experienced trader, you’ll find a platform that aligns with your trading style and preferences.
  • Stellar Reputation: With decades of experience in the futures markets, Cannon has earned a 5 out of 5-star rating on TrustPilot. This reflects consistent client satisfaction and trust in their services.
  • Regulatory Excellence: Cannon Trading maintains an exemplary reputation with regulatory bodies, ensuring compliance and fostering a secure trading environment.
  • Educational Resources: Understanding that informed traders are successful traders, Cannon provides a wealth of educational materials, including webinars, articles, and personalized consultations.
  • Dedicated Support: Clients have access to a team of experienced brokers and support staff, ready to assist with technical issues, market insights, and strategic guidance.

Gold futures trading presents a dynamic avenue for traders to engage with one of the world’s most valued commodities. By understanding the intricate aspects of gold futures contracts, including obscure facts and specialized trading techniques, traders can navigate this market with greater proficiency. However, it’s imperative to recognize and manage the associated risks diligently.

Partnering with a reputable and experienced futures broker, such as Cannon Trading Company, can significantly enhance the trading experience. Their comprehensive offerings, regulatory integrity, and commitment to client success make them an excellent choice for traders at all levels.

 

Nasdaq, S&P 500 Ride the Volatility Lightning! Market Insights & Economic Highlights

Posted on by Jenny Collins

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nasdaq

Movers & Shakers by John Thorpe, Senior Broker

Nasdaq

Movers and Shakers: Volatile Day Ahead, Full of Reports

President Trump addressing joint session of congress this evening @ 9 PM Eastern, 6 PM Pacific

Market volatility is here to stay for the foreseeable future, with the Nasdaq and S&P 500 sliding downward at a serious clip.

Choose your opportunities wisely. Don’t miss out on the market news highlights of the day recap below!

Nasdaq, S&P 500

The S&P 500 experienced an 114-point slide ($5700 per contract) The market has continued to recover from the initial losses and look to close in – 50-point range near 5820.00 basis the March contract. The Nasdaq, after taking a drubbing down over 400 points earlier in the session, was running as positive as up 200. As, the Nasdaq is virtually unchanged now as of this typing while the DOW looks to subtract over .1% into the 43000 area.

Tariff concerns creating a lack of confidence in the US Dollar as a safe-haven currency has pushed thru support at 106.00 looking to close in the 105.70 area for the first time since December 10th. The Grain markets should have been lower by much more than they were, Soybeans down 14 cents, Wheat down 11 and Corn down 4 /12 cents, if the dollar were stronger today, our old crop supply is getting cheaper by the day.

Crude oil, after experiencing a $1.70 range will be closing near unchanged around the 68.40 area basis the April contract just .70 lower than one week ago.

Econ Data: ADP, S&P Global Svcs. PMI, Factory orders, ISM Svcs. PMI, EIA Crude Inventories, Beige Book

FED Speak: Quiet

Earnings: Quiet
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May Soybeans

May soybeans activated downside PriceCount objectives off the February recovery peak and accelerated to the second objective. It would be normal to get a near term reacion from this level in the form of a consolidation or corrective trade. IF the chart can sustain further weakness, the third count would project a slide to the 9.73 area. The trade below the January reactionary low formally negated the remaining unmet upside objectives.

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Daily Levels for March 5th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Contact
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Micros Futures

Posted on by Ilan

Micros futures have revolutionized futures trading by providing traders with lower capital requirements and greater flexibility. Whether you are an experienced futures trader or a novice looking to enter the world of futures trading, understanding the intricacies of e mini micro futures can help you make informed decisions. In this comprehensive guide, we will explore 10 obscure facts about micros futures contracts, highlight past case studies, and examine the risks involved in trading futures. Additionally, we will discuss why Cannon Trading Company is a top-tier futures broker for trading futures contracts.

  1. Micros Futures and Their Etymology
    The term “micros futures” originates from the broader category of e mini futures. E mini micro futures represent an even smaller contract size compared to traditional e mini futures, designed to make futures trading more accessible to traders with smaller account sizes. The creation of micro-sized contracts was a direct response to demand from retail traders who wanted exposure to commodity brokerage markets without requiring the large capital commitments of standard futures contracts.
  1. How Micros Futures Have Democratized Futures Trading
    Historically, futures trading was dominated by institutional investors due to the high margin requirements. However, the introduction of micros futures has allowed retail traders to participate in commodity brokerage with smaller position sizes. For example, while a standard S&P 500 futures contract controlled $250 per index point, an e mini futures contract controls $50 per point, and e mini micro futures control just $5 per point. This allows traders to hedge, speculate, and manage risk with much smaller capital exposure.
  1. Unusual Strategies for Trading Micros Futures
    Most traders use common strategies such as trend following and scalping, but there are obscure yet effective strategies that some futures traders employ:

    • Calendar Spread Trading: A technique where traders go long on one micros futures contract while simultaneously shorting a different contract month to profit from price differences over time.
    • Gamma Scalping in Micros Futures: A complex options-related strategy applied to micros futures, though rarely discussed in trading forums.
    • Short Squeeze Trapping: A strategy where traders buy micros futures ahead of a suspected short squeeze, capitalizing on rapid price movements.
  1. The Forgotten Role of Open Interest in Micros Futures
    Many traders focus solely on volume but ignore open interest, which can be a hidden indicator of price movements. Open interest measures the total number of outstanding contracts that have not been settled. If open interest rises alongside price increases in e mini micro futures, it indicates strong bullish sentiment. Conversely, if prices rise but open interest declines, it might signal a potential reversal.
  1. Micros Futures Have Lower Tick Value, But Can Still Be Risky
    While the lower tick value of micros futures makes them appealing, risk is still a significant factor. Consider the micro Nasdaq-100 futures (MNQ), which move in increments of 0.25 index points, with each tick worth $0.50. However, with enough contracts, a trader can still experience substantial gains or losses. One real-life case study involves a retail trader who attempted to hedge a portfolio using micro S&P 500 futures (MES) but miscalculated leverage, leading to an unexpected $10,000 loss in a matter of hours.
  1. Liquidity Concerns with Micros Futures
    Although micros futures have gained traction, they still have lower liquidity compared to standard e mini futures. This can lead to wider bid-ask spreads, which can impact trade execution. Some traders overlook slippage risks in micros futures, only to find that in fast-moving markets, execution prices differ significantly from their intended entry points.
  1. The Impact of Algorithmic Trading on Micros Futures
    High-frequency trading (HFT) algorithms actively participate in the micros futures market, often creating rapid price fluctuations. Some traders use the “iceberg order” technique to hide their true order size and avoid being exploited by algorithms that hunt for liquidity. This trading technique is especially useful when dealing with micros futures contracts, where market depth can vary.
  1. Unique Risk Factors Associated with Micros Futures
    While micros futures offer smaller contract sizes, traders must still account for the following risk factors:

    • Margin Call Risks: Due to the leverage involved in trading futures, even micros futures can result in margin calls if not managed correctly.
    • Gaps in Overnight Trading: Unlike equities, micros futures trade nearly 24 hours a day, which means significant price gaps can occur outside of regular trading hours.
    • Psychological Biases: Some traders falsely assume that because micros futures are smaller, they carry minimal risk. However, an overleveraged micros futures position can be just as devastating as a poorly managed standard futures trade.
  1. Case Study: Micros Futures and the 2020 Market Crash
    During the market crash of 2020, many retail traders turned to micros futures to hedge their portfolios. A notable example involves a futures trader who strategically shorted micro crude oil futures (MCL) ahead of the historic drop into negative territory. This trader correctly anticipated the lack of storage capacity for oil and managed to turn a $5,000 account into $50,000 in just weeks.
  1. Why Cannon Trading Company Is an Ideal Futures Broker

    2. Choosing the right futures broker is critical for success in trading futures. Cannon Trading Company stands out as a premier choice for several reasons:

    • Wide Selection of Trading Platforms: Cannon Trading offers access to top-tier trading platforms like NinjaTrader, TradeStation, and MultiCharts, ensuring that futures traders can execute trades seamlessly.
    • 5-Star Ratings on TrustPilot: With stellar customer reviews, Cannon Trading has built a reputation for excellent customer service and reliability.
    • Decades of Experience: With over three decades of experience in the futures trading industry, Cannon Trading provides expert insights to traders of all levels.
    • Regulatory Excellence: The firm maintains exemplary compliance with the National Futures Association (NFA) and other regulatory bodies, ensuring a safe trading environment.
    • Dedicated Customer Support: Unlike many online brokers, Cannon Trading offers personalized customer service, making it an excellent choice for both novice and experienced futures traders.

Micros futures have transformed the landscape of futures trading, making it more accessible while still offering significant opportunities and risks. Understanding the nuances of e mini micro futures, applying advanced trading techniques, and working with a reputable futures broker like Cannon Trading Company can significantly enhance a trader’s experience and profitability. As more traders turn to micros futures to gain exposure to the markets, staying informed about these lesser-known aspects of futures trading will be key to long-term success.

For more information, click here.

Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

March Contract Notices Coming in Hot! First Notice Day & Last Trading Day Guidelines

Posted on by Jenny Collins

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First & Last trading Days for March 2025

March Contract Notices

FND/LTD:

Below are the March contracts which are entering First Notice or Last Trading Day for March.

Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.

March Contract:

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June 10 Year Notes:

112’02 next target?

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Daily Levels for March 4th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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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.
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Silver Futures Contract

Posted on by Ilan

Silver futures contracts have long been a cornerstone of futures trading, offering traders, investors, and hedgers a powerful instrument to capitalize on silver price movements. Whether you’re an experienced futures trader or just starting your journey into future trading, understanding the intricacies of silver futures is essential for maximizing profits while managing risk. This comprehensive guide explores silver futures contracts, including ten obscure facts, real-life case studies, potential risks, and why Cannon Trading Company is an excellent choice for traders at all levels.

The Silver Futures Contract

A silver futures contract is an agreement to buy or sell a specified amount of silver at a predetermined price on a future date. These contracts are traded on major exchanges, such as the COMEX division of the Chicago Mercantile Exchange (CME). Trading futures in silver offers numerous advantages, such as liquidity, leverage, and the ability to hedge against inflation or price fluctuations in the physical silver market.

Key Specifications of Silver Futures Contracts

  • Contract Size: Typically 5,000 troy ounces per contract
  • Tick Size: $0.005 per ounce, equating to $25 per contract
  • Margin Requirements: Varies by broker but generally ranges between 5-10% of the contract’s value
  • Expiration Months: March, May, July, September, and December
  • Settlement: Physical delivery or cash settlement

With this foundation, let’s dive into ten obscure facts about silver futures contracts that many traders may not be aware of.

10 Obscure Facts About the Silver Futures Contract

  1. The Hunt Brothers’ Silver Manipulation Scandal (1979-1980)
    One of the most notorious events in silver futures trading occurred when Nelson and William Hunt attempted to corner the silver market in the late 1970s. By amassing a substantial silver position using futures contracts, they drove silver prices from $6 per ounce to nearly $50 in early 1980. However, when the COMEX changed margin requirements, their heavily leveraged positions collapsed, resulting in a historic crash. This case underscores the importance of understanding margin requirements and regulatory intervention in commodity brokerage.
  1. Silver Futures Used as a Hedge by Electronics Manufacturers
    Silver isn’t just a precious metal; it’s an industrial commodity heavily used in electronics, solar panels, and medical equipment. Companies in these sectors use silver futures contracts to hedge against price volatility, ensuring stable production costs. While hedging is common in energy commodities, fewer traders realize how integral it is to the silver industry.
  1. E-mini Silver Futures Contracts Exist, But Few Trade Them
    Much like E-mini futures for the S&P 500, there are E-mini silver futures, which are one-fifth the size of standard contracts (1,000 ounces). However, due to their lower liquidity, most futures traders opt for standard silver contracts. This lack of liquidity can lead to wider bid-ask spreads, making them less attractive for short-term traders.
  1. The ‘Contango’ and ‘Backwardation’ Phenomena in Silver
    In future trading, contango occurs when silver’s futures price is higher than the current spot price, often due to storage costs. Conversely, backwardation happens when the futures price is lower than the spot price, typically due to supply shortages. Understanding these market conditions can help traders time entries and exits effectively.
  1. Silver’s Seasonal Price Trends Favor Specific Trading Strategies
    Historical data suggests that silver prices tend to rise between December and February, aligning with increased industrial demand and holiday jewelry sales. Savvy traders use seasonal trends to adjust their strategies, particularly those who incorporate statistical arbitrage into their futures trading.
  1. The Impact of Gold-Silver Ratio Trading
    The gold-silver ratio (GSR) measures how many ounces of silver are required to buy one ounce of gold. When the GSR is abnormally high, some futures traders go long on silver while shorting gold, betting on a reversion to historical averages. This strategy is popular among spread traders looking to capitalize on mean reversion.
  1. The Role of Algorithmic Trading in Silver Futures Markets
    Many commodity brokerage firms and hedge funds use algorithmic trading strategies to exploit micro-second inefficiencies in the silver futures market. These high-frequency trading (HFT) strategies can create artificial liquidity but may also contribute to flash crashes.
  1. Silver Futures Are Heavily Influenced by Currency Movements
    Unlike many commodities, silver prices have a strong inverse correlation with the U.S. dollar. When the dollar weakens, silver prices tend to rise. Futures traders often monitor forex trends to predict potential silver price movements.
  1. The Unique ‘Crack Spread’ Hedging Technique in Precious Metals
    Similar to energy futures traders who use crack spreads in oil markets, some silver futures traders hedge positions using platinum and palladium spreads. Since these metals have overlapping industrial uses, their price movements often follow related trends.
  1. Silver’s Sensitivity to Interest Rates and Inflation Hedges
    Silver is often viewed as an inflation hedge, similar to gold. However, silver’s higher volatility and industrial demand create a unique dynamic where interest rate hikes can have a more significant impact compared to gold.

Real-Life Silver Futures Trading Case Studies

Case Study 1: A Hedge Fund’s Short Squeeze in 2021

In early 2021, a group of retail traders on Reddit attempted to orchestrate a short squeeze in silver futures, similar to what happened with GameStop (GME). While the attempt didn’t achieve the same magnitude, silver futures spiked briefly before institutions countered the move with increased liquidity.

Case Study 2: A Large Producer’s Strategic Hedge in 2015

In 2015, a major mining company used silver futures contracts to hedge against declining silver prices. By locking in future sales at favorable prices, the company stabilized its revenue despite falling spot prices.

Risk Factors in Silver Futures Trading

Despite its opportunities, trading silver futures comes with risks:

  • Leverage Risk: High leverage can lead to significant losses.
  • Market Volatility: Silver’s price swings can trigger margin calls.
  • Liquidity Risk: Less liquid contracts may have unfavorable spreads.
  • Regulatory Changes: Government policies can impact market conditions.

Why Trade Silver Futures with Cannon Trading Company?

Cannon Trading Company stands out as a premier futures broker due to:

  • Diverse Trading Platforms: Access to top-tier platforms like CQG, Rithmic, and TradeStation.
  • Outstanding Reputation: Rated 5 out of 5 stars on TrustPilot.
  • Decades of Experience: Trusted since 1988.
  • Regulatory Excellence: Full compliance with NFA and CFTC regulations.

For traders seeking a reliable commodity brokerage firm with top-tier tools and unparalleled expertise, Cannon Trading Company is the go-to choice.

For more information, click here.

Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Micro E-Mini & Micro Grains: Expanding Futures Trading Flexibility

Posted on by Jenny Collins

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Cannon Futures Weekly Letter

In Today’s Issue #1232

Micro Grains in the Spotlight!

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  • MICRO Grains are available!

  • The Week Ahead – Non Farm Payrolls, Powell Speaking & More Volatility
  • Futures 102 – Understanding MICRO e-minis
  • Hot Market of the Week – May Cotton
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Micro Grains are available:

Micro Grains: This permanent demo is available to all clients using the StoneX futures ( CQG desktop) platform as long as you have a balance.

CME Group, the world’s leading derivatives marketplace, announced in late January that it will launch a suite of micro grain and oilseed futures contracts. These contracts will be cash-settled and be one-tenth the size of the exchange’s Corn, Wheat, Soybean, Soybean Oil and Soybean Meal futures contracts.

Their first day of trading was this last Monday, Feb. 24.

Quoting John Ricci, Managing Director and Global Head of Agriculture from CME Group’s press release: “Our benchmark grain and oilseed futures products are the most liquid and highly-utilized markets in global agriculture today. These smaller-sized contracts will provide additional flexibility for market participants to manage their agricultural portfolios with greater precision.”

Micro Corn, Wheat, Soybean, Soybean Oil and Soybean Meal futures will be listed by and subject to the rules of CBOT. For more information and additional contract specs, please visit www.cmegroup.com/microags.

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Final Week of Standard time in the U.S. “Spring Forward!”

More volatility to come as next week all markets will be reacting to the potential for tariff implementations creating uncertainty in the marketplace. Therefore, increased volatility expectations.

Highlights next week will also include Nonfarm Payrolls on Friday prior to cash market open. 9 fed speakers including Fed Chair J. Powell on Friday morning as earnings reports begin dwindling with 378 total reports while we are in the 8th inning of earnings season, the reports will be impacting the indices much less than in past weeks.

Earnings Next Week:

  • Mon. quiet
  • Tue. Crowdstrike post close
  • Wed. quiet
  • Thu.  Costco and Broadcom post close
  • Fri. quiet

FED SPEECHES:

  • Mon. Musalem 10:35 am CST
  • Tues. Williams 1:20 pm CST
  • Wed. quiet
  • Thu. Waller 2:30 pm CST, Bostic 5:00 pm CST
  • Fri. Bowman 9:15 am, Williams 9:45 am, Kugler 11:20 pm, Fed Chair J. Powell 11:30 am, Kugler 12:00 pm all times CST.

Economic Data week:

  • Mon. S&P Global Mfg. PMI, ISM Mfg. PMI,
  • Tue. RedBook,
  • Wed. ADP, S&P Global Svcs. PMI, Factory orders, ISM Svcs. PMI, EIA Crude Inventories, Biege Book
  • Thur. Balance of Trade, Initial Jobless Claims, EIA Nat Gas
  • Fri Non-Farm Payrolls

Futures 102: MICRO E-Mini Futures

Course Overview

The next big thing in equities trading

This course will provide insight into the Micro E-mini futures, including a size comparison to classic E-mini contracts, a look at enhanced exposure and the benefits Micro E-mini futures can offer you.

More precisely hedge index exposure and manage your positions with more versatility, since Micro E-mini futures are fungible with classic E-mini contracts. Even get examples of how to hedge more precisely with Micro E-mini futures.

Start Now

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Hot Market of the Week

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

May Cotton

May cotton has resumed its break with a new contract low. This has the chart taking aim at its third downside PriceCount objective to the 64.60 area.

PriceCounts – Not about where we’ve been, but where we might be going next!

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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.

Brokers 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.

ES NZL

The NZL automated trading system utilizes two main ALGOS in an attempt to identify either an early trend in the trading day and/or high percentage counter trend set ups.

The system is fully automated and runs between the hours of 4 AM central and 3:15 PM Central.

The model relies on volume charts rather than time charts.

PRODUCT

Mini SP500

SYSTEM TYPE

Day Trading

Recommended Cannon Trading Starting Capital

$36,000

COST

USD 199 / monthly

Get Started

 

Learn More

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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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Trading Levels for Next Week

Daily Levels for March 3rd, 2025

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Trading Reports for Next Week

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

www.mrci.com

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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.
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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.