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Gold Posts its Worst Week since 1983 PLUS: S&P Breaks Below 200-Day MA, AI & Crypto Updates, Levels, Reports; Your 6 Can’t-Miss Market Updates for Trading Futures on March 24th, 2026

Posted on March 23, 2026 by Cannon Operations

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	3906.50	4150.10	4343.60	4587.20	4780.70
Silver (SI) — May. (#SI)	57.27	63.14	67.09	72.96	76.91
Crude Oil (CL) — April. (#CL)	74.30	81.53	91.60	98.83	108.90
June Bonds (ZB) — June. (#ZB)	111 2/32	112 2/32	112 25/32	113 25/32	114 16/32

Weekly Market Update

Yields screaming higher. Gold posts worst week since 1983. S&P breaks below 200-day MA. Four straight losing weeks.

March 23, 2026 · For clients & subscribers · Eli G Levy · Cannon Trading Company

Weekly Overview — 01

The Trend Has Changed — We Are Bleeding Down

Two weeks ago I wrote there is so much volatility — just when you think the index has corrected enough it keeps on correcting both to the downside and upside. This past week I noticed the trend changing: we’re bleeding down with little bounces to the upside. That’s not to say that we can’t get a sudden news alert that the Strait of Hormuz will open and we may see a sharp reaction to the upside.

There is a lot going on. Markets are trending toward thresholds and decision points people didn’t want to see breached. This downtrend has been going on a while now — we have done damage to the long-term trend. Average stocks have really pulled back quite a bit, not so much on the major indices. If we get any news of de-escalation and relief on energy, we are due for some kind of a snapback. That was the issue going into the weekend: everyone wanted to be hedged up.

If you look at yields, they are screaming higher — that was my chart of the week last week and it remains so. If we’re worried about credit, investment-grade spreads are at 90 basis points over Treasuries; above 1% over Treasuries it gets dicey. Given all of this, we’re down around 6% on the S&P and that is actually somewhat surprising.

The overall narrative changed from the beginning of the year, when we said we’re going to run this economy hot, get rate cuts, and the AI boom would continue. All of those scenarios have now been unwound. Yields are driving the story now. We’re trading at a 20x forward P/E — we were at 23x at the beginning of the year.

XLF (financials) is down. Less than 30% of S&P 500 stocks are above their 50-day moving average — the lowest since April 2025. The breadth of poor performance in financials is a real issue. Out of 70 financial stocks in the S&P 500, only 5 of them are up this year. Until you get the big banks to stabilize, the market will be on shaky footing.

“There is little evidence that the downtrend is over.”

— Jonathan Krinsky, BTIG Chief Market Technician

Jonathan Krinsky at BTIG said last week: buckle up. The 200-DMA, which is now at 6,615, looks unlikely to hold. He thinks a move toward 6,000 has a decent probability, and that barring a close back above 6,900, the bears maintain the upper hand.

There is some dispositioning from the expectation of improving margins from the implementation of AI. I hear wealth managers asking: where do you hide in this environment? Energy is the only sector that is positive this month. Most investors are underexposed to energy given its relatively small weighting in the S&P. If you’re sitting in cash, yields aren’t bad these days.

Dubravko Lakos at J.P. Morgan cut his S&P 500 year-end target to 7,200 from 7,500. There is growing talk of the Fed raising rates rather than lowering them. Micron had a blowout quarter and the stock went down — it was very extended. NVDA had a great quarter as well and also went down.

FULL TECHNICAL REVIEW OF CHARTS AND KEY LEVELS HERE

Technical Analysis — 02

S&P 500 Breaks Below the 200-Day Moving Average

Last week I flagged three scenarios for the SPX at the 200-day moving average. The answer came Thursday: the index closed below the 200-day MA — below 6,619 for the first time since May 2025. The dip-buying that came so reliably at the 50-day and 100-day moving averages earlier this year has been largely absent since the war began. The candlestick patterns on the charts have been shifting — from dip-buying eagerness in early March to consistently closing at or near the session lows.

KEY TECHNICAL LEVEL BREACHED

The S&P 500 closed below its 200-day MA (6,619) for the first time since May 2025. The Nasdaq Composite is already below its 200-day. The Dow is testing its own 200-day. If oil pushes higher and all three major indices lose their 200-day SMAs, additional technical selling pressure could accelerate the move lower.

The trend continues to be one of opening lower, getting a bounce, and then closing at or near the lows. Fridays in particular have seen investors grow cautious — nobody wants to take new long positions into a weekend when war headlines can move markets violently. Jonathan Krinsky’s target of 6,000 would represent roughly another 8% decline from current levels. The technical damage done to the market over the past four weeks is meaningful and will take time to repair even if the geopolitical situation improves.

Chart of the Week — 10-Year Treasury Yield

Last week I pointed out my chart of the week is the 10-year yield: the breakout is continuing out of the yellow channel but is now approaching some resistance levels. Yields are the dominant driver of cross-asset performance right now — watch this chart closely.

Oil & The Middle East — 03

Oil

FULL TECHNICAL REVIEW OF CHARTS AND KEY LEVELS HERE

Oil remains the most important chart to watch, but after last week’s extreme volatility, price action has begun to stabilize — at least for now. West Texas Intermediate and Brent crude have pulled back from their panic highs, with prices consolidating as the market digests both geopolitical risk and the potential policy response.

While the initial shock from disruptions around the Strait of Hormuz drove a vertical move higher, this week has been more about assessing whether that disruption becomes prolonged or begins to ease. So far, flows have not fully normalized, but there is a growing expectation that partial workarounds and international pressure could prevent a worst-case supply shock from fully materializing.

At the same time, the macro backdrop is starting to matter more. Higher oil prices are feeding directly into inflation expectations, which is contributing to rising yields and reinforcing the more hawkish tone from the Federal Reserve. This creates a feedback loop: elevated energy prices tighten financial conditions, which in turn weigh on demand expectations.

That tension is now showing up in price action, with oil no longer moving in a straight line higher but instead becoming more sensitive to both headlines and macro data. The key question has shifted from “how high can oil go?” to “how long can prices stay elevated before demand destruction kicks in?”

From a market perspective, oil is still acting as the primary driver of cross-asset volatility. Equity rallies continue to struggle when crude pushes higher, while any signs of stabilization or pullback in oil are being met with relief across risk assets. As long as oil remains elevated, the risk of slower growth and tighter financial conditions stays front and center.

For now, this is a market transitioning from panic-driven pricing to a more balanced — but still fragile — equilibrium. The next major move will likely depend on whether supply disruptions persist or begin to meaningfully resolve.

Macro — Fed & Stagflation — 04

Stagflation Risk Grows — The Fed Stays Hawkish

The stagflation narrative continued to build this week as new data reinforced the same uncomfortable mix of slowing growth and persistent inflation. The latest Producer Price Index came in hot for the second consecutive month — up 0.7% in February against an expectation of 0.3% — signaling that pipeline inflation remains firm even before the full impact of higher energy prices feeds through the system.

Notably, this PPI data was collected prior to the escalation of the Iran situation. That means underlying inflation pressures are not purely event-driven — they are more embedded in the system.

The Federal Reserve concluded its FOMC meeting Wednesday with a tone that leaned more hawkish than many expected. The Fed held rates unchanged at 3.50%–3.75% and the updated dot plot still projects just one 25-basis-point cut in 2026 — unchanged from December — but four or five committee members moved from expecting two cuts to one.

Chair Powell acknowledged stronger growth forecasts while also nudging inflation projections upward, with the 2026 PCE forecast raised to 2.7% from 2.5%.

“The forecast is that we will be making progress on inflation. Not as much as we had hoped, but some progress on inflation.”

— Fed Chair Jerome Powell, FOMC Press Conference, March 18, 2026

What’s notable is that this inflation pressure is now colliding with tightening financial conditions. Treasury yields have continued to push higher, and elevated oil prices are beginning to act as a tax on the consumer. The combination of rising energy costs, firm PPI data, and a Fed that is in no rush to ease is reinforcing concerns that inflation could reaccelerate in the coming months.

Powell pushed back on the “stagflation” label specifically — noting that “that was a 1970s term, at a time when unemployment was in double figures and inflation was really high.” But whether you call it stagflation or not, the macro backdrop for risk assets is significantly more challenging.

FED WATCH — POWELL TERM & SUCCESSION

Powell confirmed he will remain as chair on a “pro tempore” basis if Kevin Warsh is not confirmed by the time his term expires in May. He also stated he has no intention of leaving the board until the Trump administration’s investigation into the Fed’s headquarters renovation is “well and truly over.” Warsh is viewed as more hawkish; his confirmation — or lack thereof — is another layer of uncertainty for markets.

Russell 2000

Small caps continued to underperform, and for the same reasons as last week. Higher oil raises input costs and compresses margins, while elevated Treasury yields make financing more expensive for smaller companies that rely more heavily on debt. The 10-year Treasury yield climbed further — until we see a reversal in oil and yields, we can expect the Russell to continue lagging the large-cap indices.

Gold — 05

Gold Had Its Worst Week Since 1983

Gold dropped roughly 11% this week, posting its biggest weekly loss since 1983 — and is now down more than 14% since the war began. This is one of the great paradoxes of this market. Gold should theoretically be the biggest beneficiary of an active Middle East war, rising inflation, and mounting U.S. government debt. Instead, it is being punished by the very war it should be rallying on.

The mechanism is clear: the Iran conflict has reignited inflation and forced the Fed to stay hawkish. Higher oil means higher inflation, higher-for-longer rates — and gold, which pays no yield, suffers when real yields rise and the dollar strengthens. The 10-year yield climbed above 4.39% and the Dollar Index pushed toward 99.9, creating a double headwind for the precious metal. Leveraged funds that had built large embedded gains were forced to liquidate, adding to the selling pressure.

Despite the current sell-off, major Wall Street banks have not yet revised their year-end targets. J.P. Morgan maintains a $6,300 target; Deutsche Bank stands at $6,000. Ed Yardeni, who had a $6,000 target, said this week he is considering lowering it to $5,000 if gold continues to defy expectations. The structural case for gold — central bank diversification, geopolitical uncertainty, mounting U.S. debt — has not disappeared. But for now, the dollar and the hawkish Fed are winning the argument.

Private Credit & AI — 06

Private Credit

Private credit continued to generate headlines. Last week Blackstone’s BCRED hit record redemption requests; this week BlackRock said it is limiting withdrawals from one of its private credit funds following a surge in redemption requests — investors sought roughly $1.2 billion in redemptions but only $620 million was paid out. I continue to monitor bond prices of private credit issuers as a leading stress indicator. This is a slow-developing story but one that warrants close attention.

AI Buildout

Deutsche Bank upgraded software to overweight and raised its rating on tech overall to neutral from overweight, citing software stocks’ outperformance — even amid the broader turmoil — as a sign that the group may have finally bottomed after months of AI disruption concerns weighing on valuations.

Nvidia’s GTC conference this week was a highlight: CEO Jensen Huang said he expects $1 trillion in orders for Blackwell and Vera Rubin systems, doubling year-ago projections.

Morgan Stanley reiterated overweight on NVDA, noting the company laid out a “winning strategy.” Despite this, the stock went down — which tells you something about the macro environment we’re in. I continue to watch the bonds and stocks of the major AI infrastructure investors as a barometer of confidence in the buildout thesis — particularly ORCL and SoftBank.

Cryptocurrency — 07

Cryptocurrency Market Update

The Bloomberg Galaxy Crypto Index is up roughly 1% week-over-week, with Bitcoin down about 1% and Ethereum up around 2% as of Friday. Earlier in the week, Bitcoin briefly pushed to $76,000 following a short squeeze in the futures market, but those gains faded after the release of a hotter-than-expected Producer Price Index (PPI) and a more hawkish tone from the Federal Open Market Committee, both of which pressured risk assets and tightened financial conditions as Treasury yields moved higher.

On the regulatory side, the Securities and Exchange Commission and Commodity Futures Trading Commission provided additional clarity on how federal securities laws apply to crypto assets, outlining what constitutes a security and introducing a framework that categorizes digital assets into areas such as commodities, stablecoins, and securities, while also addressing staking, airdrops, and wrapped assets; with limited progress on broader legislation like the CLARITY Act, this development is a constructive step for the industry.

Looking at prior cycles, including the 2018 and 2022 bottoms, Bitcoin historically leads the early phase of recovery, often finding support near its 200-week moving average and cost of production, and if February’s low near $60,000 holds, the current recovery is tracking a similar path, with altcoin outperformance likely to remain short-lived until sustained momentum in Bitcoin returns and broader market confidence is fully rebuilt.

The Week Ahead — 08

March 23–27, 2026

The main event this week is Friday’s data deluge — final Q4 GDP estimate, PCE prices, Personal Income and Spending, and University of Michigan Consumer Sentiment Final. These data points will give the market the most comprehensive look yet at how the economy entered this oil shock. Any further downward revision to GDP or upside surprise in PCE will fan the stagflation narrative further. Keep watching oil and the Strait of Hormuz above all else.

Economic Calendar

• Monday, Mar. 23: Construction Spending

• Tuesday, Mar. 24: New Home Sales

• Wednesday, Mar. 25: Current Account Balance · Durable Orders · EIA Crude Oil Inventories · Export & Import Prices · Mortgage Applications Index

• Thursday, Mar. 26: Continuing Claims · EIA Natural Gas Inventories · Initial Claims

• Friday, Mar. 27: ⛑ GDP – 3rd Estimate · PCE Prices · Personal Income & Spending · University of Michigan Consumer Sentiment (Final) · Advanced Trade in Goods · Advanced Retail & Wholesale Inventories

Earnings Calendar

Monday, Mar. 23: ABVX · AGBK · ALTI · CMCL · DBVT · LAR · WRD

Tuesday, Mar. 24: AIR · CNTA · CNXC · CNM · GME · HSAI · KBH · NGD · SFD · TE · WOR

Wednesday, Mar. 25: ALMS · CELC · CHWY · CTAS · FUL · JEF · JKS · KRMN · ONDS · PAYX · PDD · WGO

Thursday, Mar. 26: AGX · BCAX · CMC · KOD · LMRI · PONY · SA · TMC

Friday, Mar. 27: AUTL · CCL · HUMA · LGN · SBC

BOTTOM LINE — WEEK OF MARCH 23

The narrative that was driving markets at the start of 2026 — run the economy hot, rate cuts coming, AI boom continuing — has been completely unwound. Yields are now driving the story. We are down 6% on the S&P, below the 200-day moving average, with Jonathan Krinsky’s 6,000 target in the conversation. The single most important thing remains what it has been for four weeks: any credible signal that the Strait of Hormuz reopens. Until then, keep watching yields, keep watching oil, and stay hedged heading into weekends.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions and other financial instruments 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. The author is registered solely as a commodities broker. Any references, recommendations, and information contained in this article are of opinion only, should not be considered investment advice, and do not guarantee any profits.

Cannon Edge — Your Daily Futures Snapshot for March 24th

Daily Levels for March 24th, 2026

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Economic Reports

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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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What Futures Traders Should Watch This Week PLUS: Cannon Edge Snapshot, June 10 Year Treasury Bonds, Edvardus Breakout Gold Trading System, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of March 23rd, 2026

Posted on March 20, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1283

The Week Ahead – Volatility!
Futures 102 – New, Exciting Tools for Cannon’s Clients!
Cannon Edge – Your Futures trading Map for the week ahead!
Hot Market of the Week – June 10 Year Notes
Broker’s Trading System of the Week – Gold Swing Trading System
Trading Levels for Next Week
Trading Reports for Next Week

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4312.80	4407.00	4572.60	4666.80	4832.40
Silver (SI) — May. (#SI)	63.25	65.65	70.13	72.53	77.01
Crude Oil (CL) — April. (#CL)	90.01	93.83	96.29	100.11	102.57
June Bonds (ZB) — June. (#ZB)	110 23/32	111 19/32	113 5/32	114 1/32	115 19/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

futures traders

Light, Earnings and Economic data next week. There are a few fed speakers, Miran, Cook and Jefferson of consequence. Barr is on the supervision side.

The IRAN War continues, speculation leads the volatility.

When the markets open Sunday night, you may want to take a peek.

Post‑FOMC Positioning, Quarter‑End Flows, and Roll Activity

Markets enter the final full trading week of March following last week’s FOMC meeting, with traders now shifting focus from policy uncertainty to post‑decision positioning, quarter‑end flows, and contract roll dynamics.

With the Fed having concluded its March meeting and left rates unchanged, attention turns to how equities, rates, and commodities digest the updated economic projections and forward guidance. [federalreserve.gov]

From a futures perspective, roll activity is beginning to accelerate, particularly in equity index products as volume gradually migrates toward June contracts. Traders should be mindful of changing liquidity profiles as front‑month contracts approach expiration later this week. [futures.aeromir.com]

Energy, Agriculture, and Input Costs Remain in Focus

Energy markets continue to be influenced by supply‑side uncertainty and geopolitical risk, with crude oil and refined products remaining historically volatile. Natural gas traders are also watching late‑season storage data and production levels as winter demand winds down and injection season approaches.

In agriculture, inputs and fertilizers remain an important secondary theme. Urea and fertilizer contracts at the CME have seen elevated interest as global supply concerns intersect with seasonal demand from North American producers.

These products, along with traditional grain and biofuel markets such as corn, soybeans, and soybean oil, continue to offer opportunities for spread trading, calendar structures, and relative‑value strategies in liquid markets. [forex.trad…charts.com]

As always, traders should consider both outright and spread‑based approaches depending on volatility and margin considerations.

June (M6) is Front Month

Equity indices, treasuries, currencies and other contracts are now being traded on June (M)

For platform guidance, here is a brief video on how to change contracts on CannonX (CQG/StoneX):

https://www.youtube.com/watch?v=AzeOgBa5HwA

Earnings Next Week:

· Mon. Quiet

· Tue. GameStop, KB Home

· Wed. PDD, Cintas, PayChex

· Thu. Commercial Metals

· Fri. Carnival

FED SPEECHES: (all times CST)

· Mon. quiet

· Tues. Barr 3:30 P.M.

· Wed. Miran 1:15 p.m.

· Thu. Cook 1:00 pm, Miran 3:30 PM, Jefferson 4:00 PM, Barr 4:10 PM

· Fri. Daly 8:30 am

Econ Data: (all times CST)

· Mon. CHGO Fed Nat’l Activity Index.

· Tue. ADP Weekly, Redbook, Non-Farm Productivity Q4, Global PMI, Richmond Fed, API Crude Stock Change

· Wed. EIA Crude stocks,

· Thu. Initial Jobless claims, Nat Gas Stocks, KC Fed Index, Fed Balance Sheet

· Fri. Mich. Consumer Sentiment, GDP, Personal Income, Baker Hughes Rig Count, Retail inventories

We’ll see you next week.

Please enjoy a safe and memorable weekend.

Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that ( 100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

From the morning calls at Goldman Sachs and JPMorgan, to the independent macro voices moving markets, to the reporters who break desk leaks first — it’s all here, every day, in plain language.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing from March 20th 2026 HERE

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for March 23rd, 2026

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

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

June 10 Year Treasury Bonds

The June 10 Year Treasury Bonds have broken down into a new contract low where the chart is taking aim at its first downside PriceCount objective to the 110^02 area.

Learn more spreads and seasonal patterns in commodity futures HERE

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

Edvardus – Breakout Gold Trading System SID#:3528

***Past performance may not be necessarily indicative of future results.

To learn more about this system, contact 800-454-9572 / 310-859-9572 or info@cannontrading.com .

This system is available for the 100 OZ gold contract and results below are based on the 100 oz contract – However, you can trade the same system logic and execution with the 10 Oz contract going as low as one micro gold which is 1/10 of the large contract.

System Description

Market Sector: Metals

Markets Traded: GC , MGC

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $60,000/ $6,000

Developer Fee per contract: $300.00/ $30 Monthly Subscription

System Description:

Edvardus Breakout GOLD is a breakout swing trading strategy. It has passed robustness testing such as walk-forward analysis.

Get Started

Learn More

Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

System Trades Disclosure:

System Description

“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.

Actual Monthly Performance

The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract. If a client trades 2 contracts his gain or loss is twice as displayed (and so on).

This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results.

The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE. This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital.

Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you.

Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system.

While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket.

THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.

This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition.

In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees. It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report.

This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.

You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

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Daily Levels for March 23rd, 2026

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Trading Reports for Next Week

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Triple Witching Friday PLUS: June EMini SP 500, CannonEdge Snapshot, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on March 20th, 2026

Posted on March 19, 2026 by Cannon Operations

Triple Witching

Trippple Witching Tomorrow

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4313.87	4486.43	4677.57	4850.13	5041.60
Silver (SI) — May. (#SI)	60.47	66.60	71.68	77.80	82.88
Crude Oil (CL) — April. (#CL)	87.28	90.85	95.66	99.23	104.04
June Bonds (ZB) — June. (#ZB)	113 5/32	113 27/32	114 11/32	115 1/32	115 17/32

What Is Triple Witching?

triple witching

Triple witching is a key event in the futures and options markets that occurs four times a year—on the third Friday of March, June, September, and December.

During this time, stock index futures, stock index options, and stock options all expire simultaneously, creating a unique trading environment that every futures trader should understand.

Why Does Triple Witching Matter?

This convergence of expirations can lead to significant market activity, impacting liquidity, volatility, and execution quality. Understanding these dynamics is crucial for traders who want to navigate this period effectively.

What Happens During Triple Witching?

· Volume Surge: Trading activity often spikes as institutions roll over or close positions.

· Increased Volatility: Expect sharp and unpredictable price swings, especially near the open and close.

· Institutional Flows Dominate: Market behavior may deviate from typical technical patterns due to large institutional moves.

Implications for Futures Traders

· High Liquidity—but High Risk: While there’s plenty of activity, slippage and wider spreads are common.

· Execution Challenges: Rapid price changes can make order fills tricky.

· Short-Term Noise: Unusual moves may not align with your usual indicators.

· Important Note: The December contracts (e.g., ESZ25, MNQZ25) will stop trading at 8:30 AM Central Time and will cash settle based on a special settlement price that typically comes out closer to 9 AM Central.

· Learn more here: CME Settlement Information.

Trading Recommendations for Triple Witching

· Stay Disciplined: Avoid chasing moves; stick to your trading plan.

· Use Limit Orders: Helps control slippage in fast-moving markets.

· Reduce Position Size: Manage risk during volatile periods.

· Consider Scalping or Staying Flat: Experienced traders may use short-term strategies; others may prefer sitting out.

· Risk Warning: The last traded price or final traded price will rarely match the final settlement price. We do not recommend waiting for the final settlement. Exit any December positions prior to 8:30 AM Central tomorrow morning.

Bottom Line

Triple witching can present unique opportunities—but also significant risks. Preparation, discipline, and risk management are essential for success during this high-volatility period.

Cannon Edge for March 20th

Introducing Cannon Edge — Your Daily Futures Snapshot Above

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals

June EMini SP 500

The June Emini S&P completed its first downside PriceCount this month and corrected higher. Now, the chart has resumed its break into new lows where the second count projects a run to the 6591 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for March 20th, 2026

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Economic Reports

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Energy Volatility Amidst FOMC Decision PLUS: June US Dollar Index, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on March 19th, 2026

Posted on March 18, 2026 by Cannon Operations

FOMC Decision, Energy Volatility

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4717.80	4783.40	4902.70	4968.30	5087.60
Silver (SI) — May. (#SI)	72.65	74.36	77.34	79.04	82.02
Crude Oil (CL) — April. (#CL)	88.73	93.22	95.95	100.44	103.17
June Bonds (ZB) — June. (#ZB)	113 10/32	113 24/32	114 17/32	114 31/32	115 24/32

General:

For the second consecutive meeting, the Federal Reserve held interest rates steady today and preserved a path to cutting rates this year. Fed officials voted 11-1 to hold the benchmark federal-funds rate in a range between 3.5% and 3.75%. Twelve of the nineteen meeting participants penciled in at least one cut this year, the same as in December.

The Fed’s post-meeting statement acknowledged uncertainty from the war in the Middle East as higher energy prices from the Iran war threaten to prolong their yearslong inflation fight.

Energy:

Israel struck Iran’s South Pars gas field, the largest such facility in the world, prompting immediate threats of retaliation from Iran. The Iran government’s Islamic Revolutionary Guard Corps stated that it considered refineries and other energy infrastructure across Saudi Arabia, the United Arab Emirates and Qatar to be “legitimate and prime targets.” Gulf oil officials said evacuations have already started for the sites on the list, as well as for other energy facilities in the region.

Oil:

Oil prices jumped on the news with Brent Crude oil on the ICE Exchange trading within pennies of $110/barrel intraday. West Texas Intermediate crude oil futures traded on CME Group’s NYMEX Exchange reached $99.41/barrel overnight last night (basis the April contract) as is poised to close at its second highest price level since the start of the Middle East conflict.

Heads up (reiterating from last week):

Keep in mind that day trading margins can change at your clearing firm / FCM – for certain markets, entire asset classes, i.e., energies, precious metals, stock indexes, etc., particular gateways, i.e., Rithmic, CQG, Sierra/Teton. They can also vary during overnight hours and prior to certain events, i.e., important economic report releases, scheduled statements by important people, agencies, etc. Contact your Cannon Trading Co. broker for specifics.

Plan your trades and trade your plans

Cannon Edge for March 19th

Introducing Cannon Edge — Your Daily Futures Snapshot Above

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals

June US Dollar Index

The June US Dollar Index satisfied its first upside PriceCount objective early this month and corrected. The chart resumed its rally into a new high but faltered. If it can sustain further strength, the second count projects a possible run to the 100.83 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for March 19th, 2026

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FOMC Rate decision tomorrow PLUS: May Cotton, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on March 18th, 2026

Posted on March 17, 2026 by Cannon Operations

FOMC Rate decision tomorrow

1:00 pm CDT, Powell presser 1:30 pm CDT

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4939.87	4975.13	5012.27	5047.53	5084.67
Silver (SI) — May. (#SI)	75.76	77.53	80.15	81.92	84.53
Crude Oil (CL) — April. (#CL)	91.55	93.85	96.14	98.44	100.73
June Bonds (ZB) — June. (#ZB)	113 25/32	114 11/32	114 21/32	115 7/32	115 17/32

Don’t forget! June (M) is front month for stock index futures like MES, NQ and others. ESM26

fomc

The following are suggestions on trading during FOMC days:

· Reduce trading size

· Be extra picky = no trade is better than a bad trade

· Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 6825.00 with a stop at 6815.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 6810.00 and place a stop a few points below in this hypothetical example (consider current volatility along with support and resistance levels).

· Expect the higher volatility during and right after the announcement

· Expect to see some “vacuum” (low volume, big zigzags) right before the number.

· Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

· Know what the market was expecting, learn what came out and observe market reaction for clues

· Be patient and be disciplined

· If in doubt, stay out!!

I am sharing a very important question I had with a prospective client recently.

He asked me, “How many day trades are too many with a $10,000.00 account valuation?”.

This question is more important than most think as we see too many accounts that overtrade leading to a kind of Hari Kari in this industry.

There isn’t a fixed “too many,” but with a 10,000‑dollar futures account you should anchor everything to risk per trade and max daily loss, not trade count.

Start from RISK PER TRADE

That means your stop distance and contract size must be chosen so a full stop‑out costs no more than that amount; if you can’t get the stop that tight, you must drop size ( e.g., use micros)

Common guideline is risking about 0.5–1% of the account per trade when you’re still building consistency, so roughly 50-100 dollars per trade in a $10,000.00 account.

Define a Hard Daily Loss Limit

A Typical daily loss limit for a 10,000 dollar account is 2-3% of equity. roughly 2-300 dollars per day.

What that implies for “How Many” day trades.

If you risk 15 per trade and cap a daily loss at 3%, then 3 full trades is your daily limit: you’re done for the day if you’re wrong 3 times.

If you risk .5% per trade, that’s 4-6 trades before you hit your max loss of 2-3% per day even if you haven’t used all the slots!

Why “Too Many” is dangerous for a small account

As the number of intraday trades rises, you will tend to: overtrade marginal set-ups, pay more in commissions/fees, and increase the chance of revenge trading.

A reasonable starting point for a $10,000.00 account might be something like 2-5 trades per day and a rule you live by that you also stop if you exceed a certain number of consecutive losers.

What to discuss with me, myself and I

Discipline is essential to success. Plan your trades and trade your plans.

Tell your Broker

If you tell your broker what market(s) you’re trading and your typical risk per trade in ticks or points, he or she can translate this into a concrete max contract(s) and a sensible max contracts per day given the avg. volatility for the contracts you like to trade (they may even suggest different contracts that may be more suitable given your style and account size)

Don’t forget! June (M) is front month for stock index futures like MES, NQ and others. ESM26

Cannon Edge for March 18th

Introducing Cannon Edge — Your Daily Futures Snapshot Above

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals

May Cotton

May Cotton accelerated its rally to complete the third upside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. IF the chart can sustain further strength, the low percentage fourth count would project a possible run to the 74. 34 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for March 18th, 2026

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

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All times are Central Time ( Chicago)

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or wherever you listen to podcasts!

Market Updates for The Week Ahead PLUS: CannonEdge Snapshot, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on March 17th, 2026

Posted on March 16, 2026 by Cannon Operations

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4937.00	4978.30	5011.40	5052.70	5085.80
Silver (SI) — May. (#SI)	75.32	78.20	80.01	82.90	84.71
Crude Oil (CL) — April. (#CL)	86.77	90.12	96.28	99.63	105.79
June Bonds (ZB) — June. (#ZB)	113 6/32	113 27/32	114 8/32	114 29/32	115 10/32

Weekly Market Update: March 16, 2026

By Eli Gal Levy, Series 3 Broker

This week I will start with the technical take as I think its reaching some crucial price points.

Technical Picture — SPX

For the past few weeks I mentioned the support we kept holding these past few month was the 100 day moving average. And I mentioned that the more we test support, eventually it can break. That is what happened with the 100-day moving average last week. The selling continued and we are now below the 100 day moving average (we will now look to see if the 100 day moving average will act as resistance) on Friday we almost reached the 200-day moving average, which currently sits around 6,604 on my charts the SPX was as low as 6,623.

There are 3 ways I see this playing out.

a) The SPX holds and bounces of the 200-day moving average, we get some positive news about the straights of Hormuz and the 200 day is support and the bulls keep on running.

b) The SPX holds the 200-day moving average we get a short-term bounce to the 100 or 50 day moving average or some Fibonacci resistance and we trade back down.

c) The SPX penetrates through the 200-day moving average and we keep on going down. Or we get a bear trap at the 200 day.

Nothing I expect has to materialize we can get a consolidation around the 200 day as well. Yet I still expect the index to originally bounce off the 200. The RSI has fallen to the mid-30s territory, technically oversold, but oversold can stay oversold in a trending move.

The 100 DMA can now likely flip to resistance on any bounce attempts. The pattern we saw last week — opening down and bouncing, only to close lower — continued. I will watch for that trend to persist until proven otherwise, or until we see meaningful progress on the Strait of Hormuz.

Watch out for continued volatility. And while the spike in oil prices ($119) and the VIX (35) on Monday, along with their subsequent pullback could represent a near-term capitulation “peak” for markets, I’m not convinced because historically there has been a corresponding “V” response in stocks. I’m not sure stocks ever fully “capitulated” and Friday the major indices fell to fresh multi-month lows.

Summary: there is the technical set-up heading into this week. The Nasdaq Composite ($COMP) is currently below its 200-day SMA and the S&P 500 (SPX) is less than 1% above its 200-day SMA. The Dow is also near its 200-day moving average. If oil push higher and stocks continue to drop, there could additionally selling pressure if these indices lose key support at their respective 200-day SMAs.

My chart of the week is the 10-year yield: I know there is a lot going on in the chart but if you notice we just broke out of the yellow channel.

OIL

Oil remains the most important chart to watch. Last week we saw extreme volatility — Brent crude touched $119.50 per barrel early in the week, up from around $70 before the U.S.-Israeli attacks on Iran, before declining back toward the $90 range. By Friday, WTI crude futures settled at $98.71 per barrel and Brent settled above $103, closing above $100 for the first time since August 2022.

The reason for the continued pressure is straightforward: Iran borders the Strait of Hormuz, the most important passageway for global energy, carrying 20–25% of the world’s oil and liquid natural gas. The Strait has been effectively closed since fighting started, and despite the U.S. offering to provide ships safety and insurance guarantees, shipping companies may still believe it’s too risky for transit.

The degree and duration question I raised last week is becoming clearer, and it is not encouraging. Analysts note that the lost Gulf supply could reach 11–16 million barrels per day, raising doubts about whether emergency stockpiles can fully offset the deficit. The IEA has cut its forecast for global oil demand growth in 2026 by roughly 25% to 640,000 barrels per day, reflecting weaker economic activity and higher fuel costs.

On the consumer side, Wells Fargo has calculated that sustained oil prices at $130 per barrel — a 100% increase from the pre-conflict baseline — would result in back-to-back contractions in quarterly personal consumption, materially raising the risk of recession. We are not there yet, but we are watching the direction closely.

There were two significant turns in sentiment during the week. On Monday, markets opened sharply lower — the Dow was down nearly 900 points at its session low and the Nasdaq COMPX dipped below its 200-day moving average for the first time since May 2025 — before a remarkable reversal. President Trump told a CBS News reporter that “the war is very complete, pretty much,” adding that Iran “has no navy, no communications, no Air Force,” and markets bounced hard, with the S&P 500 closing up 0.83% and the Nasdaq jumping 1.38%.

By Thursday, a second catalyst emerged: U.S. Treasury Secretary Scott Bessent said the administration was taking concrete steps to try to cap surging oil prices, sparking a strong Friday rally in equities and crypto alike. Despite these intraday bounces, the trend for the week remained down. The S&P 500 posted a 1.6% loss on the week, notching its first three-week losing streak in about a year. The Dow slid about 2%, while the Nasdaq fell 1.3%.

Stagflation Risk Grows

The big story from Friday was the GDP revision. Q4 2025 GDP was revised sharply down to just 0.7% annualized growth from the initial estimate of 1.4%, well below the 2.5% economists had originally expected. At the same time, core PCE inflation for January came in at 3.1% year-over-year — still well above the Fed’s 2% target — with core PCE rising 0.4% on the month.

As one analyst put it, “the big downward revision in GDP is a gut check going into this energy crunch, increasing the risk of stagflation.” The economy entered this oil shock weaker than many realized.

Midweek, the February CPI report offered a brief respite. The headline CPI rose 0.3% for the month, putting the 12-month inflation rate at 2.4%. Core CPI posted a 0.2% monthly reading and a 2.5% annual rate — both in line with Wall Street estimates. However, the market largely looked through that print. Stocks slumped and Treasury yields spiked after the release, as traders were focused on the oil price surge and what it will mean for March and April data.

“CPI inflation for February was along expectations but this is the calm before the storm,” said Carson Group’s chief macro strategist. Economists estimate that if crude oil averages around $100 per barrel for the rest of the year, CPI inflation could rise to 3.5% by year-end, and gasoline prices could hit nearly $5 per gallon in the second quarter.

The Fed Is in a Bind

As I noted last week, the Fed is in a tough spot. Markets have largely abandoned expectations of rate cuts this year, with several Wall Street economists including TD Securities, Barclays, and Goldman Sachs pushing back the timing of their expected next cut.

The probability of a cut at this week’s meeting has almost disappeared, and markets are now pricing around 20 basis points of easing for all of 2026 — less than one full 25-basis-point cut. The FOMC decision comes Wednesday, March 19.

No rate change is expected, but the updated dot plot and Chair Powell’s press conference will be closely scrutinized for any signals about the path ahead — particularly any hint that hikes could come back on the table if oil-driven inflation persists.

Russell 2000

Small caps continued to underperform, and for the same reasons as last week. Higher oil raises input costs and compresses margins, while elevated Treasury yields make financing more expensive for smaller companies that rely more heavily on debt. The 10-year Treasury yield climbed 14 basis points on the week to 4.28%, and the 30-year rose 14 basis points to 4.90%. Until we see a reversal in oil and yields, we can see the Russell to continue lagging the large-cap indices.

Private Credit

AI Buildout

Deutsche Bank upgraded software to overweight and raised its rating on tech overall to neutral from overweight, citing software stocks’ outperformance last week — even amid the broader turmoil — as a sign that the group may have finally bottomed after months of AI disruption concerns weighing on valuations. I continue to watch the bonds and stocks of the major AI infrastructure investors as a barometer of confidence in the buildout thesis. Such as ORCL and Softbank.

Cryptocurrency

Bitcoin was a standout performer this week, showing meaningful relative strength against equities. Bitcoin rose about 8.5% this week and more than 13% since the Middle East conflict escalated, outperforming tech stocks, gold, and U.S. equities. U.S. spot Bitcoin ETFs recorded roughly $1.3 billion in net inflows so far in March, potentially marking the first positive month for flows since October.

A notable milestone: on March 9, the Bitcoin network mined its 20 millionth coin, leaving only 1 million BTC to be issued over the next 114 years.

Technically, Bitcoin is approaching a key level. BTC is trading around $73,000, and a decisive move above $74,000 on strong volume could trigger a rally toward $80,000, a former support level. On the downside, $65,000 — roughly the network’s estimated production cost — remains the first key support, followed by $60,000. The Fed meeting on Wednesday is the next macro event that could move crypto meaningfully in either direction.

Any hawkish surprise from Powell would likely hit risk assets including Bitcoin hard.

The Week Ahead: March 16–20, 2026

The highlight of the week is the FOMC decision Wednesday, March 19. No rate change is expected (current target range 3.50%–3.75%), but the updated Summary of Economic Projections — the dot plot — and Powell’s press conference will be the most closely watched events of the week.

Nvidia’s annual Global Technology Conference (GTC) kicks off Monday and runs through Thursday. Nvidia CEO Jensen Huang will likely deliver several AI-related headlines, which could have an impact on tech stocks.

There will also be several monetary policy meetings from global central banks–the U.S. Federal Reserve (Tue-Wed), the Bank of Japan (Wed-Thur), and the European Central Bank (ECB) (Thur). On Wednesday after the bell, we’ll also get an earnings report from memory and storage specialist Micron Technology, which has been one of the best-performing stocks over the past year.

Economic:

Monday (Mar. 16): Capacity Utilization, Empire State Manufacturing, Industrial Production
Tuesday (Mar. 17): Building Permits, Housing Starts, NAHB Housing Market Index, Pending Home Sales
Wednesday (Mar. 18): Federal Open Market Committee (FOMC) Rate Decision, Producer Price Index (PPI), EIA Crude Oil Inventories, Mortgage Applications Index, Net Long-Term TIC, BOJ starts two-day Monetary Policy Meeting
Thursday (Mar. 19): ECB Governing Council monetary policy meeting, Continuing Claims, EIA Natural Gas Inventories, Initial Claims, New Home Sales, Philadelphia Fed Index, Wholesale Inventories
Friday (Mar. 20): no reports

Earnings:

Monday (Mar. 16): Annexon Inc. (ANNX), Dollar Tree Inc. (DLTR), Forgent Power Solutions Inc. (FPS), Ke Holdings Inc. (BEKE), MBX Biosciences Inc. MBX), Oruka Therapeutics Inc. (ORKA), Science Applications International Corp. (SAIC), Semtech Corp. (SMTC), VinFast Auto Ltd. (VFS)
Tuesday (Mar. 17): Academy Sports and Outdoors Inc. (ASO), Alour Lifestyle Holdings Ltd. (ATAT), Corporacion America Airports SA (CAAP), DocuSign Inc. (DOCU), Elbit Systems Ltd. (ESLT), GDS Holdings Ltd. (GDS), Lululemon Athletica Inc. (LULU), New Gold Inc. (NGD), Oklo Inc. (OKLO), Tencent Music Entertainment Group (TME)
Wednesday (Mar. 18): Dlocal Ltd. (DLO), Equipmentshare.com Inc. (EQPT), Five Below Inc. (FIVE), General Mills Inc. (GIS), H World Group Ltd. (HTHT), Jabil Inc. (JBL), Macy’s Inc. (M), Micron Technology Inc. (MU), Williams-Sonoma Inc. (WSM)
Thursday (Mar. 19): Accenture PLC (ACN), Alibaba Group Holding Ltd. (BABA), Carnival Corp. (CCL), Darden Restaurants Inc. (DRI), Erasca Inc. (ERAS), FedEx Corp. (FDX), PDD Holdings Inc. (PDD), Planet Labs (PL), Signet Jewelers Ltd. (SIG)
Friday (Mar. 20): SANUWAVE Health Inc. (SNWV), Xpeng Inc. (XPEV)

You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. I am registered solely as a commodities broker. Any references, recommendations & information contained in this article are of opinion only, should not be considered investment advice, and do not guarantee any profits.

Cannon Edge — Your Daily Futures Snapshot for March 17th

Daily Levels for March 17th 2026

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

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FOMC Rate Decision, Roll into June Equity Contracts PLUS: Futures 102 – How to Use the RSI while in a Trade, May KC – Chicago Wheat Spread, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of March 16th, 2026

Posted on March 16, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1282

The Week Ahead – Iran Crude Oil, FOMC & More!
Futures 102 – Trading Video – How to Use the RSI while in a Trade
Cannon Edge – Your Futures trading Map for the week ahead!
Hot Market of the Week – May KC – Chicago Wheat Spread
Broker’s Trading System of the Week – Gold Swing Trading System
Trading Levels for Next Week
Trading Reports for Next Week

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4937.43	4979.07	5055.73	5097.37	5174.03
Silver (SI) — May. (#SI)	75.73	78.04	81.83	84.14	87.93
Crude Oil (CL) — April. (#CL)	89.25	93.74	96.53	101.02	103.81
June Bonds (ZB) — June. (#ZB)	113 3/32	113 13/32	113 30/32	114 8/32	114 25/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

FOMC Rate Decision, Roll into June Equity contracts

equity

Fertilizer and the continuing conflicts in the Middle East.

Jerome Powell’s second to last presser will be on Wednesday, 1:30 pm CDT. After the FOMC rate decision. The CME FedWatch tool is reflecting a 99% probability, as of today, remaining in the .035-.0375 % range. Investors will pay close attention to the language in the speech and q&a to follow and adjust their market positions accordingly, especially since the U.S. is heavily engaged in the Middle East conflict.

His final speech will be the April FOMC meeting before Trump’s man, Kevin Warsh, assumes the chairmanship. Warsh has expressed belief that, artificial Intelligence can boost productivity and lower costs, potentially offsetting inflation. Known as a Hawk on rates, his first meeting May, will be met with great anticipation given the current administration prefers a more dovish tone.

As many investors have been watching the fog of the “Energy Sector” rally from the supply shock potential as a result of the fighting in the middle east, there are also substitutes in production for commodity contracts we also trade and have had the same directional bias. The Biofuels; Soybeans, Corn, Bean oil, Ethanol, these markets are all conducive to spread trading, spot vs deferreds, option spreads, product vs product like the traditional WTI, Unleaded , Heating oil and Nat. Gas markets.

The Urea market trades at the CME as well as the fertilizer market too has exploded with the threat of the Straits of Hormuz closing at the worst time for American farmers as they purchase the bulk of fertilizer in the spring time and over 20% of U.S. row crop fertilizer travels through the straights. Reach out to your broker if you are interested in these other products that a extremely liquid as well.

Begin trading the M26 contracts June, M26 is the next month and year designation. Here is a quick Youtube Video on how to change your contract on CannonX (cqg StoneX) https://www.youtube.com/watch?v=AzeOgBa5HwA

We’ll see you next week! Please enjoy a safe and memorable weekend.

Earnings Next Week:

· Mon. Dollar Tree,

· Tue. Lululemon

· Wed. Tencent, Micron

· Thu. FedeX, Darden Restaurants

· Fri. Carnival

FED SPEECHES: (all times CST)

· Mon. quiet

· Tues. quiet

· Wed. Jerome Powell 1:30 p.m. CDT

· Thu. quiet

· Fri. quiet

Econ Data: (all times CST)

· Mon. NY Empire State mfg Index, Cap. Utilization, Industrial Production

· Tue. ADP Weekly, Redbook, NAHB Housing, Pending Home Sales, API Crude Stock Change

· Wed. Core PPI, Factory Orders, EIA Crude stocks, Fed Rate Decision, Economic projections, net long term tic flows

· Thu. Building Permits, Initial Jobless claims, Philly Fed, new home sales Nat Gas Stocks, Fed Balance Sheet

· Fri. Baker Hughes Rig Count

Futures 102: Using RSI as Your Trade‑Management GPS

In this week’s Futures 102 feature, broker Eli Gal Levy breaks down how he uses the Relative Strength Index (RSI) as a real‑time “GPS” while managing open trades ( in this video Crude Oil Futures).

Instead of treating RSI as a simple overbought/oversold indicator, Eli shows how it can guide position adjustments, confirm momentum, and help traders stay disciplined during fast markets.

Watch the video, and if you’d like to explore how tools like RSI can fit into your own trading plan, we’re offering a free consultation or free platform demo to help you take the next step with confidence

WATCH VIDEO HERE

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Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for March 16th 2026

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets.

Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

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Hot Market of the Week

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May KC – Chicago Wheat Spread

After testing contract lows last month, the May KC – Chicago wheat spread came roaring back, erasing the winter highs and activating upside PriceCount objectives in the process. The first count projects a possible run to the 27.5 area.

Learn more spreads and seasonal patterns in commodity futures HERE

Learn more at www.qtchartoftheday.com

Brokers Trading System of the Week

Edvardus – Breakout Gold Trading System SID#:3528

***Past performance may not be necessarily indicative of future results.

To learn more about this system, contact 800-454-9572 / 310-859-9572 or info@cannontrading.com .

System Description

Market Sector: Metals

Markets Traded: GC , MGC

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $60,000/ $6,000

Developer Fee per contract: $300.00/ $30 Monthly Subscription

System Description:

Edvardus Breakout GOLD is a breakout swing trading strategy. It has passed robustness testing such as walk-forward analysis.

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System Trades Disclosure:

System Description

Actual Monthly Performance

It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

Futures Trading Disclaimer:

If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position.

If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

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Daily Levels for March 16th, 2026

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Trading Reports for Next Week

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

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Crude Oil Swings $42 as Mideast Crisis Deepens PLUS: CannonEdge Snapshot, April Feeder Cattle, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on March 12th, 2026

Posted on March 11, 2026 by Cannon Operations

Commodity Chaos: Crude Oil Swings $42 as Mideast Crisis Deepens

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5115.93	5150.97	5190.93	5225.97	5265.93
Silver (SI) — May. (#SI)	81.64	83.88	86.79	89.03	91.94
Crude Oil (CL) — April. (#CL)	79.17	83.74	86.37	90.94	93.57
June Bonds (ZB) — June. (#ZB)	113 16/32	114	115 1/32	115 17/32	116 18/32

General:

Volatility in major commodity futures remained high as the crisis in the Mideast expanded into its second week. April crude oil traded as high as $119.48 / barrel Sunday night – a near 29% increase – and down to today’s low of $76.73 for a jaw-dropping $42.75 / barrel price range over that time.

March E-Mini S&P 500

The March E-mini S&P 500 spiked down over 100 points to near 4-month lows below 6,600 late Sunday night, with the E-mini Dow losing over 1000 points at the same time. Gold and silver futures daily price ranges stayed well-above average with April gold holding above $5,000 / ounce for the last three weeks.

Notable News – Crude Oil

Notable news items contributing to recent movement include at least three ships were hit today in and around the Strait of Hormuz and the U.S. military said it struck 16 Iranian mine-laying vessels near this crucial conduit for the global oil trade

Additionally, the International Energy Agency, which has operated for decades to monitor global crude oil supplies and help prevent price shocks, said that its 32 member countries would release 400 million barrels of oil from their strategic reserves, representing the largest release ever and the first such coordinated action since 2022, after Russia’s full-scale invasion of Ukraine.

Heads up:

Cannon Edge for March 12th

Introducing Cannon Edge — Your Daily Futures Snapshot Above

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals

April Feeder Cattle

The break off the February high in April feeder cattle completed a second downside PriceCount objective and bounced with a corrective trade. At this point, IF the chart can resume its slide with new sustained lows, the third count would project a possible decline to the 331.90 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for March 12th, 2026

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Economic Reports

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All times are Central Time ( Chicago)

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CPI February Out Tomorrow! PLUS: November Soybeans, CannonEdge Snapshot, Levels, Reports; Your 4 Important Useful Can’t-Miss Need-To-Knows for Trading Futures on March 11th, 2026

Posted on March 10, 2026 by Cannon Operations

Energy Markets and the Inflationary Benchmark, CPI

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5072.20	5138.90	5193.80	5260.50	5315.40
Silver (SI) — May. (#SI)	85.06	86.89	88.64	90.47	92.22
Crude Oil (CL) — April. (#CL)	70.19	78.41	84.94	93.16	99.69
June Bonds (ZB) — June. (#ZB)	115 3/32	115 15/32	116 4/32	116 16/32	117 5/32

CPI February Tomorrow Morning!

cpi

The Consumer Price Index for February is released tomorrow morning. Although the Fed (rate decision next week) would rather pin their forecasts and create decisions based on the Core PCE, the CPI has created much more market volatility than Core PCE ever has.

Why CPI moves markets more

Timing: CPI hits about two weeks before PCE, so CPI effectively becomes the market’s first look at monthly inflation; PCE is treated more like a “revision” unless it sharply contradicts CPI.
Habit and coordination: Most traders and media still frame “inflation day” around CPI, so liquidity, positioning, and optionality cluster around that release, reinforcing CPI’s impact despite the Fed’s formal preference for PCE.
Headline profile: CPI typically runs a bit higher than PCE (about 0.4 percentage points on average since 2000), which can make surprises feel more acute and headline‑worthy.
Policy signal vs. tradable catalyst: The Fed leans on PCE because of its broader coverage and more frequently updated weights, but markets prioritize “flawed data now” over “better data later” and trade the earlier CPI release more aggressively.

Practical trading takeaway

For short‑term index, vol, and USD trades, CPI is typically the higher‑octane event: implied and realized vol around the release are generally higher, and positioning is more crowded into CPI Day.
PCE still matters for repricing the path of Fed policy, especially if it diverges meaningfully from CPI, but its average impact on realized equity volatility is smaller and more conditional on surprise magnitude.

While the Iran War and many other geopolitical genuflections effect the perception of supply shortages, energy prices experienced extreme volatility by exploding higher over the last week followed by a severe retracement to date, economists say February’s CPI data was collected before the start of the conflict and won’t reflect the surge in energy prices.

The data generating this release of the CPI is from before the recent conflict in the Middle East broke out, so it’s not going to give us a whole lot of information on how prices are starting to respond to that. That’s going to be a March and April dynamic.

Graphical representations of the recent historical relationships Between CPI and Core CPI then CPI and Core PCE are below.

Plan your trades and trade your plans

Cannon Edge for March 11th

Introducing Cannon Edge — Your Daily Futures Snapshot Above

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals

November Soybeans

The rally in November Soybeans came close enough to satisfy the third upside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. At this point, IF the chart can resume its move with new sustained highs, we are left with the low percentage fourth count to aim for in the $13.68 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for March 11th, 2026

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 Central Time ( Chicago)

Find us on Trustpilot

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!

Futures Brokers and You: 8 Useful Crude Oil Market Insights and Predictions

Posted on March 10, 2026 by Cannon Operations

futures brokers

Crude Oil Market Insights and Predictions

futures brokers

The Strategic Importance of Crude Oil Futures

Crude oil remains one of the most actively traded commodities in global derivatives markets. Energy contracts shape economic expectations, influence inflation, and guide corporate hedging strategies. For traders seeking opportunity in volatile markets, crude oil futures provide liquidity, leverage, and clear price discovery.

Geopolitical instability significantly amplifies oil market volatility. Recent tensions involving the United States and Iran have reintroduced risk premiums into global crude supply chains. Events affecting the Strait of Hormuz, where nearly one-fifth of global oil passes daily, immediately influence futures pricing.

In these environments, experienced futures brokers help traders interpret market signals and execute trades efficiently. Understanding supply disruptions, shipping risks, and OPEC responses allows traders to act strategically rather than emotionally.

Professional commodities brokers also assist clients in identifying hedging opportunities during geopolitical crises. Energy producers, airlines, and hedge funds frequently turn to crude futures to offset risk when Middle East tensions escalate.

Modern commodity trading platforms enable real-time monitoring of energy contracts, allowing traders to react quickly to breaking geopolitical developments. Platforms integrated with market data, depth-of-market analytics, and algorithmic execution tools help traders maintain an advantage.

For decades, Cannon Trading Company has supported traders navigating complex markets like crude oil futures.

How U.S.–Iran Tensions Influence Oil Market Dynamics

The conflict between the United States and Iran historically drives immediate reactions in crude oil futures markets. Political statements, military movements, and sanctions policies can trigger rapid price spikes.

Energy traders track these developments because Iran controls strategic access to the Persian Gulf. Any disruption to oil shipping routes can tighten global supply expectations.

Key geopolitical triggers include:

Sanctions and Export Restrictions
U.S. sanctions on Iranian oil exports reduce global supply expectations. Futures prices often rise as markets anticipate tighter inventories.
Military Activity Near the Strait of Hormuz
Naval deployments or threats to shipping lanes create immediate volatility in crude contracts.
OPEC Policy Adjustments
Other oil producers may increase output to offset potential shortages, moderating price spikes.

Experienced futures brokers analyze these factors daily. Their role includes helping traders interpret news events and translate them into actionable trading strategies.

Professional commodities brokers also provide insights into global inventory reports and refinery demand trends. This perspective allows traders to differentiate between temporary price reactions and long-term structural changes.

Many traders rely on advanced commodity trading platforms to track crude oil contracts listed on CME Group exchanges. These systems allow rapid execution when geopolitical headlines break.

Crude Oil Futures Mechanics and Trading Strategy

Crude oil futures contracts allow traders to speculate on or hedge against changes in oil prices. Contracts typically represent 1,000 barrels of crude and trade electronically through regulated exchanges.

Understanding contract mechanics is essential before entering the market.

Common crude oil trading strategies include:

Directional Trading
Traders take long or short positions based on geopolitical expectations.
Calendar Spreads
This involves trading price differences between different delivery months.
Inventory Reaction Trades
U.S. Energy Information Administration reports frequently trigger short-term volatility.
Options Hedging
Combining futures with options can help limit downside exposure.

Working with experienced futures brokers ensures traders understand margin requirements, contract specifications, and risk exposure.

Similarly, knowledgeable commodities brokers guide clients through advanced strategies such as spread trading or volatility hedging.

Reliable commodity trading platforms provide tools such as order-flow analytics, time-and-sales tracking, and DOM trading. These features allow traders to detect institutional activity and liquidity levels in real time.

Cannon Trading Company provides access to several leading trading technologies designed specifically for futures traders.

How a Futures Broker Supports Crude Oil Traders During Geopolitical Crises

Geopolitical conflicts introduce extreme volatility into oil markets. Sudden news releases can cause price swings of several dollars per barrel within minutes.

In these conditions, the expertise of professional futures brokers becomes invaluable.

A broker assists traders in several ways:

Market Interpretation
Brokers translate geopolitical developments into potential market scenarios.
Execution Support
Rapid order routing ensures trades are filled efficiently during volatile market conditions.
Risk Management Guidance
Brokers help traders determine position sizing and margin considerations.
Strategy Development
Traders receive insights into spread opportunities and volatility trades.

Skilled commodities brokers also maintain relationships with institutional research providers. This enables them to provide clients with deeper insight into energy supply forecasts and macroeconomic influences.

Additionally, modern commodity trading platforms enable traders to automate strategies that react to market volatility. Algorithmic tools can adjust stop levels, manage risk thresholds, and capture price momentum.

Cannon Trading Company’s brokerage services combine technology, human expertise, and decades of market experience.

The Role of Technology in Modern Oil Trading

Technology has transformed how traders interact with energy markets.

Today’s commodity trading platforms integrate advanced analytics, real-time news feeds, and customizable charting tools. These features allow traders to respond instantly to geopolitical developments.

Key technological advantages include:

Depth-of-Market Visualization
Shows real-time liquidity across price levels.
Algorithmic Trading Tools
Allows automated strategy execution.
Risk Management Dashboards
Displays margin usage and exposure in real time.
Multi-Asset Integration
Energy contracts can be analyzed alongside currencies, equities, and bonds.

Professional futures brokers help traders select the most suitable platform for their trading style. Some traders prefer DOM-based scalping interfaces, while others rely on advanced charting environments.

Experienced commodities brokers also assist clients in configuring data feeds and optimizing order routing.

Cannon Trading Company provides access to several industry-leading technologies through its brokerage infrastructure.

These advanced commodity trading platforms help traders maintain speed and precision in volatile oil markets.

Risk Management Strategies for Crude Oil Traders

Crude oil trading carries significant opportunity but also considerable risk.

Geopolitical developments can cause rapid price movements that exceed typical volatility ranges.

Traders should implement disciplined risk management strategies such as:

Stop-Loss Orders
Automatic exits limit downside exposure.
Position Sizing
Traders should limit risk per trade relative to account size.
Diversification
Combining energy contracts with other commodities reduces concentration risk.
Spread Strategies
Calendar spreads often carry lower volatility than outright positions.

Experienced futures brokers play a crucial role in guiding traders through these risk management techniques.

Professional commodities brokers also help clients interpret inventory reports, seasonal demand patterns, and refinery utilization rates.

Advanced commodity trading platforms support these strategies by allowing automated risk controls and conditional orders.

By combining broker expertise with sophisticated technology, traders can navigate oil market volatility more effectively.

Why Cannon Trading Company Is a Leading Choice for Futures Traders

Cannon Trading Company has served futures traders for decades. Its reputation stems from transparent service, technological access, and personalized brokerage support.

The company has built strong relationships with both institutional and independent traders.

Reasons traders choose Cannon Trading include:

Experienced Brokerage Team
Knowledgeable futures brokers provide personalized guidance.
Access to Global Markets
Traders can access major energy, metals, and agricultural futures.
Advanced Technology
Multiple professional commodity trading platforms are available.
Responsive Customer Support
Traders receive direct assistance from experienced professionals.
Trusted Reputation
Client reviews on Trustpilot reflect strong service quality.

Cannon’s team of commodities brokers understands the unique challenges of energy trading. Their expertise helps traders navigate volatile conditions caused by geopolitical developments.

This combination of experience, technology, and service has positioned Cannon Trading Company among the most respected brokerage firms in the futures industry.

Crude Oil Market Outlook and Predictions

Looking ahead, crude oil markets are likely to remain influenced by geopolitical developments.

Several factors will shape oil prices in the coming months.

Middle East Security Risks
Continued tensions involving Iran may maintain a geopolitical risk premium.
Global Economic Growth
Demand from major economies influences long-term price trends.
OPEC Production Decisions
Output adjustments can stabilize or amplify price movements.
Energy Transition Policies
Long-term shifts toward renewable energy could influence future demand expectations.

Traders who remain informed and disciplined will be best positioned to navigate these changes.

Working with experienced futures brokers helps traders stay ahead of market developments.

Professional commodities brokers provide valuable insights into supply disruptions, production forecasts, and inventory changes.

Reliable commodity trading platforms ensure traders can react instantly to breaking news events.

Cannon Trading Company continues to support traders seeking opportunities in the global energy markets.

FAQ: Crude Oil Futures Trading

What are crude oil futures?

Crude oil futures are standardized contracts that allow traders to buy or sell oil at a predetermined price for future delivery. They are widely used for speculation and hedging in energy markets.

Why do geopolitical tensions affect oil prices?

Oil supply chains depend heavily on politically sensitive regions. Events affecting production or transportation routes can reduce supply expectations, driving prices higher.

How can futures brokers help oil traders?

Professional brokers assist traders with market analysis, order execution, and risk management strategies during volatile market conditions.

What role do commodities brokers play?

They provide specialized expertise in physical supply trends, inventory data, and seasonal demand patterns that influence commodity pricing.

Why are commodity trading platforms important?

Modern trading platforms provide real-time market data, charting tools, and automated order execution that allow traders to react quickly to price movements.

Why choose Cannon Trading Company?

Cannon Trading Company offers decades of experience, advanced trading technology, personalized brokerage support, and access to global futures markets.

Try a FREE Demo!

Ready to start trading futures? Call us at 1(800)454-9572 (US) or (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

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Weekly Market Update

March 23, 2026 · For clients & subscribers · Eli G Levy · Cannon Trading Company

Weekly Overview — 01

The Trend Has Changed — We Are Bleeding Down

“There is little evidence that the downtrend is over.”

Technical Analysis — 02

S&P 500 Breaks Below the 200-Day Moving Average

KEY TECHNICAL LEVEL BREACHED

Chart of the Week — 10-Year Treasury Yield

Oil & The Middle East — 03

Oil

Macro — Fed & Stagflation — 04

Stagflation Risk Grows — The Fed Stays Hawkish

— Fed Chair Jerome Powell, FOMC Press Conference, March 18, 2026

FED WATCH — POWELL TERM & SUCCESSION

Russell 2000

Gold — 05

Gold Had Its Worst Week Since 1983

Private Credit & AI — 06

Private Credit

AI Buildout

Cryptocurrency — 07

Cryptocurrency Market Update

The Week Ahead — 08

March 23–27, 2026

Economic Calendar

Earnings Calendar

BOTTOM LINE — WEEK OF MARCH 23

Cannon Edge — Your Daily Futures Snapshot for March 24th

Daily Levels for March 24th, 2026

Economic Reports

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Cannon Futures Weekly Letter

In Today’s Issue #1283

The Week Ahead – Volatility!

Futures 102 – New, Exciting Tools for Cannon’s Clients!

Cannon Edge – Your Futures trading Map for the week ahead!

Hot Market of the Week – June 10 Year Notes

Broker’s Trading System of the Week – Gold Swing Trading System

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

June Bonds (ZB)

What Futures Traders Should Watch This Week

Post‑FOMC Positioning, Quarter‑End Flows, and Roll Activity

Energy, Agriculture, and Input Costs Remain in Focus

June (M6) is Front Month

Earnings Next Week:

FED SPEECHES: (all times CST)

Econ Data: (all times CST)

Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for March 23rd, 2026

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change

30‑day and 52‑week highs/lows

PROPRIETARY Short‑term and long‑term trend signals

Coverage across equity indices, metals, energies, currencies, and ags

Built for speed. Backed by insight. Powered by CQG.