Futures brokerage firms play a crucial role in the commodities market, offering services that enable traders to participate in futures trading. A standout example of such a firm is Cannon Trading, Inc., established in 1988, which has distinguished itself through a combination of excellent customer service, a wide variety of trading platforms, and a diverse range of products.

Cannon Trading’s reputation for exceptional service is reflected in its perfect 5-star rating on TrustPilot, the highest in the industry for customer satisfaction. Reviews from TrustPilot highlight Cannon’s personalized service, with one client noting the quick and efficient responses that make interactions feel personal and another praising the professionalism and friendliness of the staff. Such testimonials underscore the firm’s commitment to its clients and its effectiveness in fostering a supportive trading environment.

In the late 1990s, Cannon Trading Company embraced the digital revolution by transitioning into online trading, a pioneering move that significantly enhanced its service offerings and accessibility. As the internet began reshaping various industries, Cannon Trading recognized the potential to leverage this technology to benefit futures traders worldwide.

The shift to online trading allowed Cannon Trading to offer more efficient, faster, and more accessible trading solutions. This transformation was not merely about adopting new technology but also about innovating the way trading was conducted. By integrating sophisticated online trading platforms, Cannon provided its clients with real-time data, advanced charting tools, and direct market access, which were once only available to professional trading floors.

This strategic move proved to be visionary as it positioned Cannon Trading at the forefront of the futures brokerage industry. It enabled them to expand their client base globally by providing tools that catered to both novice and experienced traders. The online platforms featured user-friendly interfaces that simplified the trading process, making it easier for new traders to enter the market while providing powerful analytical tools that seasoned traders sought.

Moreover, Cannon Trading’s early adoption of online trading technologies laid the groundwork for continuous innovation. It allowed them to keep pace with evolving market demands and technological advancements. As online trading platforms evolved, Cannon Trading continually upgraded and expanded its offerings, ensuring that clients had access to the best possible trading technologies and services.

This foresight and adaptability have been critical to Cannon Trading’s enduring success, demonstrating the company’s commitment to leveraging technology to enhance customer service and satisfaction. By pioneering into online trading during its nascent stages, Cannon Trading not only capitalized on early opportunities but also set a standard in the futures brokerage industry for technological adoption and customer-focused service.

What separates Cannon Trading from other firms in the futures brokerage industry is not only its long-standing history and high customer satisfaction but also its comprehensive offerings. Cannon provides access to all major U.S. futures exchanges and many international ones, offering platforms like E-Futures International and Sierra Chart, known for their user-friendly interfaces and robust capabilities. Clients benefit from competitive commission rates, low day-trading margins, and no monthly fees for platform use, which are significant advantages for both new and experienced traders.

Moreover, Cannon’s dedication to education and support is evident through its offerings such as weekly newsletters, video tutorials, and a robust trading library, aimed at enhancing traders’ knowledge and skills. These resources are complemented by personalized support from experienced brokers, making Cannon an excellent choice for traders who value a blend of professional guidance and comprehensive trading tools.

In conclusion, the best futures brokerage firms, like Cannon Trading, stand out by providing outstanding customer service, a wide array of trading tools, and educational resources that cater to the needs of their clients. Cannon’s ability to maintain high standards of service, combined with its commitment to client education and support, positions it uniquely in the competitive futures brokerage market.

Top of FormReady to start trading futures? Call US 1(800)454-9572 – Int’l (310)859-9572 email info@cannontading.com and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

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

**This article has been generated with the help of AI Technology. It has been modified from the original draft for accuracy and compliance.

***@cannontrading on all socials.

Some thoughts and pointers to help you day-trade by Cannon Trading:

Trading carries inherent risks, but adhering to eight essential money management principles can help safeguard your capital while enhancing your trading skills with Cannon Trading.

1. Seek out markets with high volume and narrow spreads to ensure prompt order execution and high volatility, offering 2 to 4 viable trades daily. The Emini S&P500 Index Future exemplifies such a market, with each point valued at $50, divided into 4 ticks worth $12.50 each, and 4 contracts annually traded on the Chicago Mercantile Exchange. For smaller accounts, explore the Micro NQ, Micro crude oil as well as gold and other markets. Cannon broker can be an excellent resource if you like feedback on different futures markets.

2. Try to limit your risk to 1% of your capital per trade; this way, your funds can withstand 100 consecutive unsuccessful trades. Even top-tier systems encounter 20% losing trades, so this rule provides flexibility. If your account size is not big enough, you can try adjusting the above to 2-3% and the math will still make sense.

3. Maintain a minimum risk capital of $10,000-$15,000 per Emini S&P500 contract traded—a loss of $1,000-$1,500 then represents just 10% of your capital, a recoverable amount unlike a $3,000 account where the same loss constitutes 50% of your funds, increasing the likelihood of depleting your capital. If this is not viable, consider trading the MICROS which are 1/10 the size.

4. Constrain your trading hours—we advocate for the initial 60-90 minutes of the market, which often sees a solid trend before the midday lull, a preferred window for many professional traders. As of late we noticed that the last 10-30 minutes of the CASH MARKET trading session brings in high volume and large moves as well.

5. Cease trading if losses reach 5-10% of your capital in a single day; such losses are manageable and suggest a misinterpretation of the market. Pause, assess your mistakes, and document them in your Trading Journal.

6. Maintain a Trading Journal, chronicling all transactions. Over time, the mind tends to overlook unsuccessful trades and habits. Record detailed charts and emotional responses. Noteworthy considerations include:

• Ensuring you’re trading based on the charts, not desperation after a few losses.

• Avoiding weak signals due to missing a significant move, which leads to chasing trades or opting for countertrend positions based on the assumption that the market can’t rise further. FOMO (Fear of Missing Out)

·        Take note of the different economic reports and market behavior!

7. Strategically set your stop loss and targets based on chart analysis, not random point selections. Utilize technical indicators like double tops, swing highs and lows, or retracements to moving averages for tighter stops and more favorable profit-to-risk ratios. Trade what the chart presents, not your desires or emotions.

8. Exercise patience!! If possible, try to trade a minimum of 2 contracts, securing 1 for a 2-3 point gain, your initial target, and allow the other to run with a break-even stop. A successful runner can outperform numerous small gains.

By following these guidelines, you can hopefully navigate the trading landscape more confidently and effectively with the help of a Cannon Trading broker when needed.

IMPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS.  THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

Daily Levels for May 22nd, 2024

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Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

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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.

Monday Market wrap

By John Thorpe, Senior broker

July orange juice continued to make contract highs @ 4.5325 but couldn’t hang on to that historic level and closed down@ 4.4595 down $2.50

Batman where did all the Copper go?

Where is the supply of this non ferrous asset Robin?

Supply tightness globally has changed market sentiment to “you can’t bring copper onto the market quickly” continued concerns about the ability to ramp up production in Panama, Peru and Chile are being reflected in historic highs and a continuing increase in longs from Friday’s CFTC Commitment of trader’s report.

The Gluten is back! And the Wheat is rising!

SRW Chicago Wheat saw its prices move near “limit Up” with the July contract closing up 5.64% or 36 ¼ cents or $1800.00 per contract at $6.88 per bushel. ( limit up in all wheat contracts is .40 https://www.cmegroup.com/trading/price-limits.html )

The HRW KC Wheat was not far behind, up 34 cents and the Minneapolis spring wheat Rallied .27 ¾.

Weather remains the key driver of the moment as ongoing dryness and the recent frost/freeze events turning to hot weather in S Russia and surrounding crop areas in Ukraine and Kazakhstan are further trimming wheat and canola production ideas Here at home, waves of rain have slowed the pace of planting which is adding to the overall row crop supply side anxiety in the trade where funds have been working to get less short this month.  For this afternoon’s crop progress report. We look for Spring wheat to advance from 61% planted last week to 75% vs. 73% average. Winter wheat conditions steady at 50% G/E.

These are Weather markets , talk to your broker about seasonal price tendencies and they are just that, tendencies.

Stocks are holding firm, waiting for the FOMC minutes to be read on Wednesday.

Gold and Silver are clearly in an inflationary trance, expect higher volatility to continue for weeks to come.

 Memorial Day is next Monday, see schedule below.

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

Daily Levels for May 21st, 2024

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

* 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.

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

* 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.

Cannon Futures Weekly Letter Issue # 1194

• Important Notices – Earnings, FOMC Minutes & Market Scanner
• Futures 101 – Cannon Trading Market Scanner! NEW
• Hot Market of the Week – July Natural Gas
• Broker’s Trading System of the Week – NQ Swing System
• Trading Levels for Next Week
• Trading Reports for Next Week

Important Notices – Next Week Highlights:

• Earnings Highlights: Lowes Pre open T, Target Pre-op W, NVIDIA W after close, Intuit TH after close
• ECON Data: on Wed. Existing Home Sales 9am Central, FOMC Minutes 1PM central: Th-7:30 Initial Jobless claims,8:45 PMI,9:00 New Home Sales: Fri. 7:30 Durable Goods,9:00 Mich. Consumer Sentiment Final all times CST .
• Fed Speeches: Mon. Bostic, Waller, Jefferson begins @ 7:45: Tues, Waller, Barkin, Williams, Bostic Begins @ 8:00 am Th. 2 PM Bostic: Fri. 8:35 am Waller. all times CST

Cannon’s Market Scanner

• Hot Market of the Week – July Natural Gas

Would you like to receive daily support & resistance levels?

Yes Select

No Select

Daily Levels for May 20th 2024

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

* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

MICRO Treasury Futures

As discussed in this recent article, What Drives Long-Term Treasury Yields, 10-Yr Treasury yields are heavily influenced by inflation expectations, economic growth, and monetary policy.

There has been significant uncertainty around inflation expectations and monetary policy recently. This has generated significant volatility in 10-Yr Treasury yields and prompted significant trading activity in 10-Yr Yield futures, particularly around key economic data releases including CPI, PCE, non-farm payroll, and FOMC decisions.

The market will be closely watching upcoming inflation data releases that heavily influence the Fed’s monetary policy path, including:

· 5/14 – Consumer Price Index (CPI)

· 5/31 – PCE

Yield futures allow the market to express their views on the impact of these releases on Treasury yields going forward.

Source: https://www.cmegroup.com/tools-information/communications/e-communication-disclaimer.html

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

Daily Levels for May 17th, 2024

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

* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Micro and Mini Nasdaq futures are derivatives that track the performance of the Nasdaq 100 Index

Micro and Mini Nasdaq futures are derivatives that track the performance of the Nasdaq 100 Index, which comprises 100 of the largest non-financial companies listed on the Nasdaq stock exchange. These futures contracts allow traders and investors to speculate on the future direction of the technology-heavy Nasdaq 100 Index or hedge against their existing equity positions. While both micro and mini Nasdaq futures serve similar purposes, they cater to different segments of the market due to differences in contract sizes, leverage, and capital requirements.

Contract Sizes and Leverage

Mini Nasdaq Futures (NQ): The Mini Nasdaq futures, often referred to as “NQ,” are the more established and widely recognized of the two. Each NQ contract represents a financial commitment to 20 times the Nasdaq 100 Index. This means that the value of one mini Nasdaq futures contract is 20 times whatever the Nasdaq 100 Index is trading at. For example, if the Nasdaq 100 Index is at 13,500, the notional value of one mini Nasdaq futures contract would be $270,000 (13,500 x 20).

Each mini NASDAQ futures point is worth $20 in your favor or against you per contract.

Micro Nasdaq Futures (MNQ): Introduced more recently to provide access to the same markets at a reduced financial commitment, micro Nasdaq futures (MNQ) are one-tenth the size of their mini counterparts. Each MNQ contract represents a financial commitment to 2 times the Nasdaq 100 Index. Continuing with the previous example, if the Nasdaq 100 Index is at 13,500, the notional value of one micro Nasdaq futures contract would be $27,000 (13,500 x 2).

Each mini NASDAQ futures point is worth $2 in your favor or against you PER contract traded.

The smaller size of the micro Nasdaq futures results in lower margin requirements, making it a more accessible option for individual traders and those with smaller trading accounts. The leverage inherent in both contracts allows traders to control significant positions with a relatively small amount of capital. However, it’s crucial to understand that while leverage can amplify profits, it also increases the potential for losses.

Why Trade Micro Nasdaq Futures?

1. Lower Capital Expenditure: The primary advantage of micro Nasdaq futures is their affordability due to lower capital requirements. This makes it feasible for smaller investors to enter futures markets, a domain that was traditionally dominated by larger institutional investors. Micro contracts allow traders to manage risk more effectively by not over-leveraging their positions.
2. Overnight Margins and Swing Trading: Swing traders, who typically hold positions for several days or weeks, find micro Nasdaq futures particularly appealing due to smaller overnight margin requirements. Overnight margins—the amount of capital required to hold a position after the daily trading session ends—are significantly lower for micro contracts. This reduces the cost of carrying open positions overnight, making it a viable strategy for traders with limited capital who wish to exploit the market’s medium-term movements.
3. Fine-Tuned Position Sizing: Micro futures enable traders to achieve more precise position sizing and risk management. Instead of being limited to the larger increments of capital commitment required by mini contracts, traders can adjust their exposure more gravely with micro contracts. This flexibility is crucial in tailoring trading strategies to individual risk tolerance and market conditions.
4. Portfolio Diversification and Hedging: Both mini and micro Nasdaq futures can be used for hedging against existing portfolio risks. However, the micro contracts allow for more precise hedging of smaller portfolio sizes. This can be particularly beneficial for individual investors looking to mitigate specific risks without the need to engage in larger, more capital-intensive contracts.

Suitability for Smaller Investors

Micro Nasdaq futures are particularly suitable for smaller investors for several reasons. Firstly, the lower financial commitment required allows these investors to participate in futures trading with less risk of significant capital loss. Secondly, the ability to use leverage effectively but conservatively can help amplify returns on smaller price movements in the Nasdaq 100 Index, which might otherwise be inconsequential with less capital at stake.

Moreover, the growth in popularity of electronic trading platforms and the availability of extensive educational resources make it easier for individual investors to access and trade micro Nasdaq futures. This democratization of financial markets helps level the playing field between individual retail traders and institutional investors.

In summary, both mini and micro Nasdaq futures offer valuable opportunities ( and risks!) for different types of traders. While mini futures continue to be a staple for larger traders and institutions looking for significant market exposure, micro futures cater exceptionally well to individual traders focused on risk management, capital conservation, and tactical leverage. As the financial markets evolve, the introduction of products like micro Nasdaq futures underscores the industry’s move towards inclusivity and accessibility, enabling more people to participate in and benefit from futures trading.

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

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

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

**This article has been generated with the help of AI Technology. It has been modified from the original draft for accuracy and compliance.

***@cannontrading on all socials.

Bullet Points, Highlights and Announcements

By Mark O’Brien, Senior Broker

General: 

Last Wednesday’s blog included a happy birthday greeting to the Micro E-mini stock index futures contracts.  In 2019, Micro E-mini futures and options on the four leading equity indices – E-mini S&P, Nasdaq, Dow Jones and Russell 2000. – became the most successful launch in CME Group history.

But did you know there are Micro futures contracts for a wide range of commodities?

CME Group, the world’s leading derivatives marketplace offers micro futures and options across nearly it’s entire commodities portfolio.  Below is selection of some of the more widely traded Micro futures and options contracts:

Energy: 

→  Micro Crude Oil: 1/10 the size of the benchmark WTI Crude Oil contract (link to contract specs.)

→  Micro Henry Hub Natural Gas: 1/10 the size of the benchmark natural gas contract (link to contract specs.)

Metals:

→  Micro Gold: at just 10 ounces Micro Gold futures and options contracts are designed for traders interested in smaller gold increments with a cost-effective alternative to the world’s largest, highly liquid Gold futures and options contracts (link to contract specs.)

→  Micro Silver: at 1/5 the size of the 5000-ounce silver futures, the contract unit is 1,000 troy ounces. The Micro Silver futures are quoted in 1/10 of one cent– making a one-tick move equivalent to $1 (link to contract specs.)

→  Micro Copper: theses futures 1/10 the size of the 25,000-pound Copper futures contract, so, the contract unit of the Micro Copper futures contract is 2,500 pounds. Like the Copper futures contract, the Micro Copper futures contract is quoted in increments of 5 one hundredths of a cent, making a one tick move in Micro Copper futures equal to $1.25. (link to contract specs.)

The daily settlement prices for the futures contracts will be identical to that of the larger Gold, Silver and Copper futures contract.

Crypto: 

→  Micro Bitcoin: At 1/10 the size of one bitcoin, Micro Bitcoin futures provide an efficient, cost-effective new way to fine-tune bitcoin exposure and enhance your trading strategies.

All these contracts provide traders with more flexibility when trading futures.  With Micro contracts, you can scale positions up and down with precision and gain more control over your exposure.  At the same time, Micro contracts offer the same robust trading transparency and price discovery, but with smaller margin requirements, which translates to easier access to the potential of the futures markets – nearly 24 hours a day.

Diversify your portfolio and add flexibility for trading Precious Metals, FX, Energy, Rates, and Equity Indices. Scale positions up and down with precision and gain more control over your exposure.

Energy:   

Options five day a week; it’s not just for stock index futures.  Mark your calendars; starting Monday July 22, WTI Crude Oil options will be available with Tuesday and Thursday expirations alongside the already-available Monday, Wednesday and Friday expirations and monthly options.  Once in place, along with shorter expirations and lower premiums, WTI Weekly options will provide opportunities to hedge weekend headline risk, OPEC+ meetings or geopolitical events. They can also be used to express views on mid-week announcements, including the weekly E.I.A Petroleum Status Report, typically released on Wednesday.

Financials: 

On the interest rate front, some interesting news: in contrast with the wait-and-see mode of the United States, today Sweden followed Switzerland, Hungary, and the Czech Republic in easing monetary policy for the first time since interest rate hiking cycles began in 2022, when inflation surfaced in the aftermath of the COVID pandemic. The central bank of Sweden – the Riksbank – lowered its policy rate by 0.25 basis points to 3.75%, making it more likely that the European Central Bank will jump on the bandwagon. The shift is noteworthy as it highlights the current divergence among central banks around the world.

Grains:  

Ostensibly the report of the week in an otherwise humdrum 5-day stretch, this Friday the U.S. Department of Agriculture will release its monthly World Agricultural Supply and Demand Estimates (WASDE) report.  The report provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton.  The report also covers U.S. supply and use of sugar, meat, eggs and milk.  Simultaneously released is the monthly Crop Production report which contains crop production data for the U.S., including crop conditions, acreage, area harvested and yield.

Stock Indexes:  

Happy birthday Micro E-mini futures!  In 2019, Micro E-mini futures on the four leading equity indices became the most successful launch in CME Group history.  In just these first five years, over 2.6 billion contracts have traded.  The average daily volume reached over 2.4 million contracts across the four indices (up 355% since 2019).  And how about this for global reach: 24% of average daily volume came from outside of the U.S., with trades submitted from 170+ countries.

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.

Questions? We are happy to help!

Daily Levels for May 16th, 2024

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

* 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.

Latest Copper Futures Updates May 2024

Copper futures in New York experienced a notable surge, rising up to 5.5%, influenced by a significant short squeeze. This drove the most actively traded July contract to peak at $5.026 per pound on Tuesday, nearing the historical high of $5.0395 from March 2022. Michael Cuoco from StoneX Group noted that those holding short futures and spreads were under pressure. This situation highlighted the July contract specifically, which traded substantially above the benchmark prices, such as those on the London Metal Exchange, and led to a rare backwardation in the market, with the July contract pricing 29.25 cents per pound higher than the September one. This anomaly caused shifts in copper shipments towards the U.S. market. Despite global market fluctuations, including declines in Chinese stocks and concerns about U.S.-China trade tensions, the copper price rally continued, driven by strong speculative interest and insufficient physical buying, which didn’t meet seasonal expectations. Copper Tube Mills responded by raising prices 5-8%, effective the following day. Copper demand remains robust, anticipated to grow further as some mines reduce output.

Explore Copper Futures Trading in a practical setting using our risk-free simulator trading account. Experience real-time data and live price action without any obligations or the need for a credit card. Start trading today!

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

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

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

**This article has been generated with the help of AI Technology. It has been modified from the original draft for accuracy and compliance.

***@cannontrading on all socials.

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

* 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.

Juice on the Loose!

by John Thorpe, Senior Broker

Monthly World Agricultural Supply Demand reports aren’t just for Corn, Soybeans and Wheat futures. Friday we had that monthly number and as you can see, the anticipation in the Orange Juice market the day before Created a Gap on the price charts from $3.83 to $3.85 Orange Juice Futures have gone limit

For the past two days. 10 cents per 37,500 lbs on Monday and expanded limits today for an additional 20 cents or $7500.00 per contract. On Friday, WASDE reported a reduction of domestic production by 1 million Boxes of Oranges. A note about Gaps: The adage that all gaps eventually get filled might not always hold true, especially in the case of Breakaway and Runaway gaps. Waiting for breakout or runaway gaps to be filled can cripple your portfolio. This appears to be a bullish ,Breakaway Gap.

Holy Hot Wire Batman!

It seems there isn’t any copper to be found in Gotham, or is there?

The High Grade Copper market Jumped in the wake of a WSJ story titled Why the World has Gone Cuckoo for Copper  Court entanglements with the Panamanian Cobre Mine, in addition to UAE, Saudi Arabia, Japan and the U.S. Vying for majority stakes of a large Zambian mining operation pushed The prices at the COMEX for the July Copper contract Rallied to an all time high of $5.0260 above the march 2022 High of 4.9375, However it looks like we are going to close a shade below that around the 4.88 area today. Watch this market.

Hot report for tomorrow

One of the most meaningful economic Data sets for FED decision makers , US April consumer price index (CPI) data will be released tomorrow pre-market and is forecast by analysts to be +0.4% month-to-month, compared to the previous month’s +0.4%. Core CPI on monthly terms is expected +0.3% in April compared to the prior month’s +0.4%.    CPI on annualized terms is forecast up +3.4% from the year ago, the core year-over-year figure is expected up +3.6%.

Day trading margins for the Equity products will, rightfully so, be increased in advance of potentially violent market reactions and will typically be returned to normal within 15 to 30 minutes following the release. Some , not all FCM’s

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.

Questions? We are happy to help!

Daily Levels for May 15th, 2024

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

* 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.