Support & Resistance Levels

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

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Cannon Futures Weekly Letter Issue # 1227

Posted on by Jenny Collins
Discover essential updates in the Cannon Futures Weekly Letter Issue #1227.

 
Join our private Facebook group for additional insight into trading and the futures markets!
Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
To our clients whose accounts are with StoneX and currently using the E-Futures Platform:

  • The new StoneX Futures platform is up and running.

 

  • Your existing LIVE user name and password will be accepted.

 

  • Your existing exchange data subscriptions will migrate to the new platform.
  • To login to the new trading interface please login here:

https://m.cqg.com/stonexfutures

  • If you like a demo ( and did not have a demo of StoneX Futures yet) CLICK HERE
  • Please note that the E-Futures platform will be set to READ-ONLY and will no longer support trade execution after January 31st.
Important Notices – Next Week Highlights:

 

The Week Ahead

By John Thorpe, Senior Broker

A full trading week ahead, Fed rate decision, no less than 5, Trillion dollar market cap company’s report earnings. 362 total corporate earnings reports as the meat of the season swings into action with Apple, Microsoft, Tesla, Amazon and Meta, including other High Market cap companies reporting past earnings and future earnings guidance..

Economic releases including data about Real Estate activity, Durable Goods, GDP, Consumer Confidence. As the Fed Black out period will have concluded after Wednesday’s Fed Rate decision and presser, the Fed Speakers will return to the podium for the foreseeable future.

 

Earnings Next Week:

  • Mon. lite earnings
  • Tue. Boeing, Lockheed Martin, Starbucks. General Motors
  • Wed. MSFT, TSLA, IBM, BABA and META after the cash close
  • Thu.  AAPL, AMZN after the cash close
  • Fri. EXXON Mobile, Chevron Pre Market

 

 

FED SPEECHES:

  • Mon. Quiet
  • Tues. Quiet
  • Wed. 1:00 PM FED RATE Decision, no change expected. Currently 4.25-4.50, Chair J. Powell to speak @ 1:30 pm CST
  • Thu. Quiet
  • Fri. Bowman, 7:30 am CST

Economic Data week:

  • Mon. Chi. Fed Nat’l Activity index, New Home Sales, Dallas Fed Mfg. Index,
  • Tues. Durable Goods, Redbook, Case Schiller Home Price, CB Consumer Confidence, Richmond Fed mfg. Index, Dallas svcs. Index
  • Wed. Retail Inventories, Wholesale Inventories, Fed Rate decision
  • Thur. GDP Advance, Initial Jobless Claims, Real consumer spending, Fed Balance Sheet
  • Fri. Core PCE Price Index, Personal Income, Chicago PMI

Futures 102: Understanding Futures Spreads

Course Overview

This course covers the definition of futures spread trades and why you may want to add spreads to your trading strategy. We will discuss the benefits of spread trading which include potential less risk and cost efficiencies.  This course will introduce the different types of spreads used with various products. Start Course.
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  • Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

FREE TRIAL AVAILABLE

July – Nov Soybean Spread

 

The July – Nov bean spread completed its first upside PriceCount objective and is correcting. IF the chart can resume its rally with new sustained highs, the second count would project a potential run to the 49.75 area.

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

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
S
   Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

ES NZL

PRODUCT

Mini SP500

 

SYSTEM TYPE

Day Trading

 

Recommended Cannon Trading Starting Capital

$36,000

 

COST

USD 199 / monthly

 

Get Started

 

Learn More

 

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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Would you like to get weekly updates on real-time, results of systems mentioned above?
Yes
No
  • Trading Levels for Next Week

Daily Levels for Jan. 27th

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Would you like to receive daily support & resistance levels?
Yes
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Weekly Levels
  • Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
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Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Cannon Trading Company
12100 Wilshire Blvd., Suite No. 1640
Los Angeles, CA 90025
(800) 454-9572
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Futures Trading Levels for January 24th 2025

Posted on by Jenny Collins

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Join our Private Facebook group

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!

Gold Futures

Discover the right gold investment for you

If you’re considering investing in gold, you might be wondering whether Gold futures or gold ETFs are the better fit for your portfolio. Our latest article delves into the key differences between these two investment options, helping you make an informed decision.

 

In this article, we explore:

  • The significant differences in the liquidity, exposure and costs between Gold futures and gold ETFs.
  • How individual investors can participate in the performance of gold.
  • The opportunities for maximizing returns and potential tax advantages of Gold futures.
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Daily Levels for Jan. 24th 2025

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
S
Contact
S
Cannon Trading Company
12100 Wilshire Boulevard
Suite 1640
Los Angeles, CA 90025
(800) 454-9572
Follow Us
Facebook  Twitter  Instagram

Futures Trading Insights for Jan. 23rd: Equity Gains, Energy Dips, and Gold Surges

Posted on by Ilan

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
C102

What you need to know before trading futures on Jan. 23rd:

By Mark O’Brien, Senior Broker

 

Stock Indexes:  

Equity index futures rose today, powered by a rise in technology stocks after the new administration announced mammoth spending plans for artificial intelligence infrastructure, while the U.S. Dollar Index traded to a two-week low as tariffs were delayed.

Late on Tuesday, Pres. Trump announced that OpenAI, Japan’s SoftBank and Oracle will form a joint venture and invest up to $500 billion to build data AI centers.  Shares of SoftBank surged 10.6% in Tokyo, Oracle gained 7.6% on Wall Street, adding to Tuesday’s 7.2% jump.  The March E-mini Nasdaq lead U.S. stock index futures with a ±1.45% / ±300-point ascent, while the March E-mini S&P 500 gained ±.7% / ±40 points.  The March E-mini Dow lagged somewhat with a ±.25% / 120-poing upswing.

Energy:   

Oil prices eased to a fresh one-week low today as the market considers how the new administration’s proposed tariffs could affect global economic growth and demand for energy.

March West Texas Intermediate crude (WTI) traded 39 cents, or 0.5%, lower to settle at $75.44.

That puts WTI down for a fourth day in a row for the first time since November. Both crude benchmarks – WTI and Brent – closed at their lowest since Jan. 9 for a second day in a row.

Crude Oil numbers will be out tomorrow due to MLK holiday this past Monday.

Metals: 

Gold futures (Feb.) prices traded to near three-month highs Tuesday, fueled in part by the weaker dollar and a seemingly lack of clarity around the new administration’s policy plans, which investors fear could trigger trade wars and elevate market volatility.

Feb. Gold added ±$7 to $2,766 per ounce as of this typing. Prices were at their highest since Nov. 5 when they hit their intraday high of $2,782.8.

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Daily Levels for January 23rd, 2024

 

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Post-MLK Market Moves: Dollar Dives, Commodities Rally, and Equities Surge

Posted on by Ilan

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Join our Private Facebook group

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
C77

Movers and shakers!

By John Thorpe, Senior Broker

 

Post MLK Holiday and the 60th  U.S. Presidential Inauguration the markets are on the move.

 

The U.S.Dollar is getting whacked, down 1.35 ( Crypto headlines emanating from the Whitehouse perhaps?)

 

From the Energy Markets giving back some of their gains “Drill baby Drill” from the past few trading sessions, to the Precious metals , inching a little higher after a tremendous downward push last night producing a Bullish engulfing pattern after today’s session. (lower lows , higher highs and closing on the high side during the same trading session)

Soybeans, really took off, up 33 plus cents in the front months (old Crop) along with all the row crops, Corn, Wheat, Oats. The deferreds were strong as well, Novemebr and Jan 2026 up 20 cents

Equities have re asserted their rally maintaining the bullish push from the day election rally.

ECB President LaGarde Speaks @9:15 CST a.m.

 

Plan your trade and trade your plan

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Daily Levels for January 22nd, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Weekly Newsletter: Trading Resources and more! 01.20/21.25

Posted on by Ilan

Pass the Knowledge – Feel Free to Forward to a Friend!

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!
MLK2

In this issue:

  • StoneX/E-Futures Platform Updates
  •  Important Notices – MLK Hours, Fed Speeches, Home Sales
  • Futures 102 – World Cup Trading Championship
  • Hot Market of the Week – Dec. 2025 Corn
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week
To our clients whose accounts are with StoneX and currently using the E-Futures Platform:

  • The new StoneX Futures platform will be up and running Monday, Dec. 16th.

 

  • Your existing LIVE user name and password will be accepted.

 

  • Your existing exchange data subscriptions will migrate to the new platform.
  • To login to the new trading interface please login here:

https://m.cqg.com/stonexfutures

  • If you like a demo ( and did not have a demo of StoneX Futures yet) CLICK HERE
  • In the mean time, your E-Futures platform will stay active until a date no earlier than Fri., Dec. 27th, with a firm decommission date to be announced
Important Notices – Next Week Highlights:

The Week Ahead

By John Thorpe, Senior Broker

 

Martin Luther King Holiday Monday, abbreviated trading hours, 271 corporate earnings reports as the season swings into action with Netflix, P & G, JNJ and American Express, Consumer products.

We are in the FED Blackout period leading up to the next FOMC Meeting 11 days from now so there will be no Fed Speakers. Economic data releases including Existing home sales, The feature may be the ECB’s LaGarde speech on Wednesday

 

Earnings Next Week:

  • Mon. none
  • Tue. Netflix after the close
  • Wed. Pre Market P & G, JNJ
  • Thu.  quiet
  • Fri. American Express Pre Market

 

 

FED SPEECHES:

  • Mon. Quiet
  • Tues. Quiet
  • Wed. ECB President LaGarde Speech @ 9:15 am Central
  • Thu. Quiet
  • Fri. Quiet

Economic Data week:

Futures 102: Building a Trading Plan

“He who fails to plan is planning to fail” -Winston Churchill

Traders who win consistently treat trading as a business. While there is no guarantee that you will make money, developing a trading plan is crucial if you want to become consistently successful and thrive in the trading game. Every trader—no matter your experience—needs a plan.

Why are you here?

  • You want to know what constitutes a trading plan
  • You realize you need a trading plan
  • You want to be successful at futures trading

You’re in the right place for any those objectives. At the end of this course, you’ll understand why you need a trading plan and how to build one to support your success as a futures trader.

What is a trading plan?

A trading plan is a business plan for your trading career. Like any business plan, a trading plan is a working document in which you make assumptions about projected costs, revenues, and business conditions. Some of your assumptions may be right, some will surely be wrong. You wouldn’t start a business without a business plan, so why would you start trading without a trading plan?

The real value in writing a trading plan is that it forces you to think about every part of your trading business, including confronting your strengths and weaknesses, and formulating reasonable expectations.

Any solid trading plan consists of the following five components. There are no shortcuts to developing a trading plan that will support your objectives. Take the time now to think about each of these components thoroughly and you will thank yourself later.

 

  1. Objective
  2. Methodology
  3. Risk Management
  4. Trading Strategies
  5. Trader Log
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  • Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

FREE TRIAL AVAILABLE

 

December 25 Corn

December corn satisfied its first upside PriceCount objective and corrected lower. If the chart can resume its rally with new sustained highs, the second count would project a potential run to the $4.66 area.

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

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

ES NZL

 

PRODUCT

Mini SP500

SYSTEM TYPE

Day Trading

Recommended Cannon Trading Starting Capital

$36,000

COST

USD 199 / monthly

Get Started

Learn More
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Would you like to get weekly updates on real-time, results of systems mentioned above?
Yes
No

Daily Levels for January 20th & 21st, 2025

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Weekly Levels

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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

MLK Trading Schedule & March US Dollar Index: Correction and Potential Rally

Posted on by Ilan

Pass the Knowledge – Feel Free to Forward to a Friend!

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!

MLK
This Monday is Martin Luther King holiday in the US.

please see holiday hours below and full schedule here:

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March US Dollar Index

The March dollar is correcting after it satisfied its second upside PriceCount objective. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a possible run to the 114.94 area.

 
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.

Daily Levels for January 16th, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Market Highlights & Key Announcements: Inflation, Futures, and Energy Updates

Posted on by Ilan

Pass the Knowledge – Feel Free to Forward to a Friend!

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!
C115

Bullet Points, Highlights, Announcements

By Mark O’Brien, Senior Broker

 

General:  

While inflation has cooled substantially since the middle of 2022 – when it hit a four-decade high of more than 9 percent – more recently progress has slowed, or even stopped outright as evidenced by the Labor Department’s report this morning that the Consumer Price Index rose 0.4 percent from November, the fastest one-month increase in overall prices since February.  But in the same report, the “core” measure of inflation, which strips out volatile food and fuel prices to give a better sense of the underlying trend, rose 3.2 percent from a year earlier after three straight months of 3.3 percent gains.  Forecasters had not expected core inflation to show signs of slowing.

Going into the fed’s next meeting later this month investors widely expect the central bank to hold interest rates steady, breaking a streak of three consecutive rate cuts.  Some forecasters now believe policymakers may not lower rates at all this year.

Stock Indexes: 

Stock index futures took this morning’s news positively with the March E-mini S&P 500 soaring over 100 points as of this typing, posting a ±2% gain.  The E-mini Nasdaq scaled up ±500 points, over 2.25%, the E-mini Russell 2000 posted a gain of ±2% with a ±45-point climb and the E-mini Dow thrust up over 700 points/±1.75%.

More General: 

The CME group has taken an almost unprecedented step and reduced their exchange fees on one of the fastest growing futures contracts by volume.  Starting Feb. 1 Micro Bitcoin futures exchange fees will drop over 50% from $2.50  to $1.15.2025

Micro Ether futures, already with on for the CME Group’s lowest fees at $0.20, is dropping half to $0.10

This is a good time to remind you how to take the worry out of your crypto trading.  Manage your cryptocurrency risk with Bitcoin and Micro Bitcoin futures and options.

You can practice trading Micro Bitcoin in REAL time with simulated money!!

With efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform.

 

Energy:  

WTI crude oil futures (Feb.) rose almost 3% today and traded over $80 per barrel for the first in six months on the heels yesterday’s Energy Information Administration (EIA) report showing crude oil stocks fell last week to their lowest since April 2022 as exports rose and imports fell.  Excluding the Strategic Petroleum Reserve stocks fell by 2 million barrels to 412.7 million barrels in the week ended Dec. 10, about 6% below the five-year average for this time of year.

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Daily Levels for January 16th, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Market Movers & Shakers: Reversals, Trends, and Key Insights for Traders

Posted on by Ilan

Pass the Knowledge – Feel Free to Forward to a Friend!

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!
C69

Movers and shakers!

By John Thorpe, Senior Broker

 

Today was a reversal day in a majority of the markets we all follow.

From the Energy Markets giving back some of their gains from the past few trading sessions, to the Precious metals , inching a little higher after a tremendous downward push yesterday.

Soybeans, while still in a strong up trend saw profit taking along with Corn and KC Wheat.

Equities have been struggling to maintain the election rally. The Bond markets slide was halted for a day.

 

Perhaps all this uncertainty is a result of the anticipation of tomorrow mornings CPI release.

This Economic data point has been one of the most talked about by the voting members of the FED and may portend a shift in policy..

Do keep an eye on changes in the CME FedWatch data (FedFund Futures) tomorrow, this will give traders an insight into future market direction. Higher inflation, leads to higher Bond yields, Higher Yields lead to lower bond prices, and greater hesitancy by the FED to lower rates anytime soon.

 

Lower CPI numbers are favorable to lower rates in the near term, therefore Higher Equity prices.

Plan your trade and trade your plan.

 

 

Today’s Movers

Today’s News:

Updated: January 14, 2025 6:23 am

**NFIB December US small business optimism index: 105.1 ; prior month 101.7 ; expected 100.0

Updated: January 14, 2025 7:31 am

US Producer Price Index (PPI) Headline Recap

 

**US December Producer Price Index (PPI) Final Demand: +0.2%; expected +0.3%

**US December Producer Price Index, ex. Food & Energy (PPI): 0.0%; expected +0.3%

**US December Personal Consumption: +0.3%

 

**US November Producer Price Index (PPI) Final Demand revised: +0.4% from +0.4%

 

Updated: January 14, 2025 7:55 am

Redbook Weekly US Retail Sales Headline Recap

 

**Redbook Weekly US Retail Sales were +4.0% in the first two weeks of January 2025 vs January 2024

**Redbook Weekly US Retail Sales were +4.0% in the week ending January 11th vs yr ago week

 

 

 

 

Watch Tomorrow’s Movers and Shakers:

7:30 AM CST CPI Consumer Price Index!

 

Here is Econoday.com’s consensus view
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Fed Speakers:

 

Barkin 8:20 CST, Kashkari 9 am CST, Williams 10 am CST, Goolsbee 11 am CST

 

Earnings:

 

(162 rpts) Pre-Open JP Morgan Chase, Wells Fargo, Goldman Sachs, Black Rock, Citigroup, Bank of NY, Oracle after the close

Daily Levels for January 15th, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Martin Luther King 2025 Holiday Schedule for CME Exchange Hour

Posted on by Ilan
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MLK

Martin Luther King 2025 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

9fe6c149 371a 4f53 a1f2 ae9a97080703 *Dates and times are subject to change If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Martin Luther King Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html  Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572. Explore trading methods. Register Here
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Mastering Micro Bitcoin Futures: Basics and Strategies for Traders

Posted on by Ilan

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 Bitcoin

Micro Bitcoin basics

Micro Bitcoin futures (MBT) provide an efficient, cost-effective new way to fine-tune bitcoin exposure and enhance your trading strategies. Offering multiple benefits for traders, it’s important to understand the contract mechanics. This course will cover the basics of Micro Bitcoin futures, the fundamentals behind the contract, and different ways to use.
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Daily Levels for January 14th, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.