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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Visit our Traders Interview page with some good insight after talking to more than a few traders:
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Crude Inventories, Unemployment report, Housing Starts are just a few of the market moving reports we have on weekly basis
The financial market’s volatility attracts many to follow and trade economic events and use this volatility to try and generate profit. Unfortunately, trading isn’t easy. Starting from planning and preparing all the way through the releases, analyzing and trading economic events involves many steps. That is why we at Cannon Trading pick this content for you prepared by BetterTrader.Co
Download this 26 page PDF report, The essential guide to trading economic reports, instantly.
Continue reading “Crude Inventories, Unemployment report, Support & Resistance Levels 9.13.2017”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Please be advised of these CME key margin changes:
ES, $4620 –> $4950
NQ, $4290–> $4950
RTY (emini Russell on CME), $2,750 –> $3025
SI, $5400 –> $5900
HG, $2750 –> $3150
Front month for e-minis, gold, silver, bonds is December.
VIDEO: Industry experts preview the September 12th Crop Production report focusing in on the Agricultural Markets. Watch video here.
Continue reading “Rollover notice, Grain Report Video Outlook + Levels for 9.12.17”
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Gold is making a move and Rollover day!
Rollover Notice:
Rollover Notice for Stock Index Futures
Important Notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones etc., it is extremely important to remember that we are now rolling over and trading the December contract.
Starting Sept. 8th, the December 2017 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2017 contract as of September 8th. Volume in the Sept. 2017 contracts will begin to drop off until its expiration on Friday Sept. 15th.
The month code for December is Z7.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Friday morning.
Please close any open June Currency positions by the close on Friday the 15th.
Gold chart and commentary:
Many analysts see a major shift happening in the gold market with gold advancing and holding rather comfortably above a key psychological level of $1,300.00 an ounce
Continue reading “Rollover notice, Gold Chart and Commentary + Levels for Friday 9.8.17”
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A good piece, worth reading if you are in the stage of looking for a commodity broker for your new trading account or NOT happy with your current one and considering switching…..
How do futures traders go about selecting a futures broker they can be happy with?
By John Thorpe Senior Broker with Cannon Trading
A futures trader should find considerable comfort in doing business with a firm that is sound from a regulatory perspective. The Futures trader should ask for the regulatory history of both the firm and the Individual Registered Representative.
There would be a few red flags: 1) The firm is too new to have a history; 2) Several financial settlements in the past are assessed to the Firm; 3) Disciplinary actions have been taken against an Individual Registered Representative.
Another aspect that a firm should exhibit to a potential futures trading client is the availability of the Individual Registered Representative or the trading staff. Is the individual available while you have market risk? Is the Trading desk available while the markets are open?
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Labor day is behind us and the markets are gearing into the busy time of the year – Sept./Oct. and the end of the year.
Keep a trading journal. Know what reports are coming. Adjust your weaknesses and learn to trade with your strengths.
Prepare yourself every day before you start trading.
Take a look at this quick 8 pointer summary I wrote a while back and is very relevant in my opinion.
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Wishing everyone a happy and safe Labor Day Weekend.
Our office is closed Monday Sept. 4th but our 24 hours desk is available ( make sure you have the correct numbers from your broker) .
Before we start the long weekend, we do have un-employment report tomorrow!
Make sure you are aware of trading hours and let us know if you have any questions at + 310 859 9572
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Labor Day is just around the corner!!
Make sure you are aware of trading hours and let us know if you have any questions at + 310 859 9572
Labor Day 2017 Holiday Schedule for CME / Globex and ICE Exchanges
Continue reading “Labor Day 2017 Holiday Schedule for CME / Globex and ICE Exchanges”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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From my colleague John Thorpe:
Tropical Storm Harvey Watch!
Oil, products and Natural gas operations.
With a Potential Cat 3 Hurricane reaching Landfall on or about Friday night or Saturday morning according to Dr. Jeff Masters, Co-Founder of the weather underground
https://www.wunderground.com/hurricane/atlantic/2017/tropical-storm-harvey
The EIA provides a Live interactive tracking map Related Potential Energy Disruptions
https://www.eia.gov/special/disruptions/
http://refineryreport.org/refineries.php shows an interactive version of the map below
John D. Thorpe