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.

Navigating the World of Futures Brokers: Spotlight on Cannon Trading

Read more about trading futures with Cannon Trading Company here.

Futures brokers play a pivotal role in the world of commodities and futures trading, acting as intermediaries between traders and the futures markets. In the United States, the landscape of futures brokers is diverse, with numerous brokerage firms offering a range of products and services. In this comprehensive exploration, we’ll delve into the world of futures brokers in the USA, focusing on Cannon Trading. We’ll highlight the reasons why Cannon Trading is often regarded as one of the best futures brokers, its customer service excellence, and its long-standing presence in the industry.

The Role of Futures Brokers in the USA

Futures Brokers

 

Futures brokers, often referred to as commodity brokers, are financial intermediaries that facilitate the buying and selling of futures contracts on behalf of traders. Their primary responsibilities include executing orders, providing market analysis, managing margin requirements, and ensuring compliance standards with regulatory authorities. Commodity brokers are crucial to the functioning of futures markets, as they enable market participants to access these markets directly and efficiently.

Cannon Trading: A Trusted Name in Futures Brokers

Cannon Trading is a renowned and trusted name in the world of futures brokers in the USA. With a history dating back to 1988, Cannon Trading has built a reputation for providing top-notch services to traders and investors. Here’s why Cannon Trading stands out as one of the best futures brokers:

  1. Customer Service Excellence: One of the defining features of Cannon Trading is its unwavering commitment to customer service. The firm takes pride in its personalized approach to client relationships, offering dedicated support and guidance. Traders often praise Cannon Trading for its accessibility, responsiveness, and willingness to go the extra mile to address client needs.
  2. High TrustPilot Rating: Cannon Trading’s dedication to customer satisfaction is evident in its remarkable 4.9 out of 5-star rating on TrustPilot. This rating is a testament to the positive experiences of clients who have benefited from Cannon Trading’s services.
  3. Decades of Experience: Cannon Trading’s longevity in the industry speaks volumes about its reliability and expertise. With over three decades of experience, the firm has weathered various market conditions, gaining invaluable insights that benefit its clients.
  4. Pioneer in Online Futures Trading: Cannon Trading was one of the first Introducing Brokers (IBs) to offer online futures trading services. This pioneering spirit underscores its commitment to staying at the forefront of technological advancements, providing clients with efficient and accessible trading platforms.
  5. Ownership of Premium Domains: Cannon Trading’s ownership of domains such as commoditybrokers.com and commoditiestrading.com reflects its dedication to being a prominent online resource for futures traders. These domains serve as valuable portals for traders seeking information and services related to commodities and futures.

Why Choose Cannon Trading as Your Futures Broker

While the commodities and futures trading landscape is populated with numerous brokerage firms, Cannon Trading distinguishes itself in several ways:

  1. Personalized Service: Cannon Trading’s team of experienced brokers takes the time to understand each client’s unique goals and trading style. They provide tailored advice and support to help clients achieve their objectives.
  2. Access to Multiple Markets: Cannon Trading offers access to a wide range of futures markets, including agricultural commodities, energy products, metals, and financial instruments. This diversity allows traders to customize their portfolios and explore various trading opportunities.
  3. Cutting-Edge Technology: Cannon Trading provides access to advanced trading platforms equipped with real-time data, research tools, and technical analysis capabilities. These platforms are designed to meet the needs of both novice and experienced traders.
  4. Risk Management Expertise: Managing risk is paramount in futures trading. Cannon Trading’s brokers are well-versed in risk management strategies and assist clients in implementing risk-reduction techniques, such as stop-loss orders and position sizing.
  5. Educational Resources: Cannon Trading understands the importance of trader education. The firm offers a wealth of educational resources, including webinars, tutorials, and market insights, to empower traders with knowledge and skills.
  6. Competitive Pricing: Cannon Trading is known for its competitive commission rates, ensuring that traders can keep more of their profits.
  7. Regulatory Compliance: Cannon Trading adheres to strict regulatory standards, providing clients with peace of mind regarding the safety of their funds and the integrity of their trades.

In the world of futures brokers and commodity brokers in the USA, Cannon Trading shines as a beacon of excellence. Its dedication to customer service, long-standing presence in the industry, and commitment to technological innovation have earned it a well-deserved reputation as one of the best futures brokers.

With a TrustPilot rating of 4.9 out of 5 stars and a history dating back to 1988, Cannon Trading continues to provide traders and investors with the tools, guidance, and support they need to navigate the complex and dynamic world of futures trading. As the industry evolves, Cannon Trading remains a steadfast partner for those seeking to achieve their financial goals through futures and commodities trading.

Ready to start trading futures? Call 1(800)454-9572 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.

 

SP500 Approaching Support? + Futures Trading Levels for Sept. 22nd 2023

Get Real Time updates and more on our private FB group!

Mini SP 500 futures are approaching an important support levels on the daily chart as seen below.

4325-4350 zone.

The big question is “Will support hold or will price break through towards the next levels?”

ES Daily Chart
Mini S&P ES Daily Chart / #ES

 

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-22-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

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Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

Energy Futures Trading Competition + Futures Trading Levels for Sept. 21st 2023

Get Real Time updates and more on our private FB group!

Energy Futures Trading Competition

Start: October 15th at 5:00 PM CT

End: October 27th at 4:00 PM CT

Prizes (Cash Prizes!!)

First Place: $2500

Second Place: $1000

Third Place: $650

Random Selection: $500

Competition Details

  • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
  • All Trading will be in the Front-Month Contract
  • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
  • Top three traders with the highest P&L balance at the end will get a cash prize.
  • One winner will be chosen from the remaining participants to receive a cash prize.
  • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

REGISTER NOW

 

 

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-21-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

d40a3398 72e5 4a59 836b 1bb9a30cc6da

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

c1d4008d e169 4094 96f0 ec2bdeaca46c

 

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.

Crude Oil Futures: Trading, Grades, Production, and Cannon Trading Company

Read more about trading Crude Oil Futures with Cannon Trading Company here.

Crude oil futures are among the most actively traded derivatives in the world, serving as a vital instrument for speculators, hedgers, and investors. These futures contracts are based on the price of crude oil, a fundamental commodity that powers industries, fuels vehicles, and serves as the lifeblood of the global economy. In this comprehensive guide, we will explore the types of oil grades traded worldwide, where crude oil futures are traded, their contract sizes, the top oil producers and exporters, notable exchanges trading crude oil futures, the role of oil tankers, products derived from crude oil, and why Cannon Trading Company is a top choice for trading crude oil futures, highlighted by their exceptional TrustPilot rating of 4.9 out of 5 stars.

Types of Oil Grades Traded Worldwide

Crude oil is not a uniform commodity; it comes in various grades that vary in composition, density, and sulfur content. The two primary categories of crude oil are:

  1. Sweet Crude: Sweet crude oil has a low sulfur content and is less dense. It is easier and less costly to efine, making it desirable for producing gasoline and other high-value products. Examples include Brent crude (North Sea) and West Texas Intermediate (WTI).
  2. Sour Crude: Sour crude oil has a higher sulfur content, which makes it more challenging and expensive to refine. It is typically used to produce diesel fuel and other lower-value products. Examples include Dubai crude and Canadian Heavy Crude.

Where Crude Oil Futures Are Traded

Crude oil futures are traded on various commodity exchanges worldwide. Some of the prominent exchanges for trading crude oil futures include:

  1. Chicago Mercantile Exchange (CME): The CME offers West Texas Intermediate (WTI) crude oil futures, one of the most widely followed benchmarks for oil prices in the United States.
  2. Intercontinental Exchange (ICE): ICE offers Brent crude oil futures, which serve as a key benchmark for global oil prices, especially in Europe and Asia.
  3. Dubai Mercantile Exchange (DME): The DME provides futures contracts based on Oman crude oil, primarily catering to the Middle East markets.
  4. Multi Commodity Exchange (MCX): MCX, based in India, offers futures contracts on crude oil, allowing investors and traders to access the Indian energy market.

Contract Sizes for Crude Oil Futures

The contract sizes for crude oil futures can vary depending on the exchange and grade of oil being traded. However, two of the most commonly traded crude oil futures contracts are:

  1. NYMEX WTI Crude Oil Futures: Each NYMEX WTI crude oil futures contract represents 1,000 barrels of West Texas Intermediate crude oil.
  2. ICE Brent Crude Oil Futures: Each ICE Brent crude oil futures contract represents 1,000 barrels of North Sea Brent crude oil.

Top Oil Producers Around the World

Oil production is a critical component of many countries’ economies. Some of the top oil producers globally include:

  1. United States: The United States has emerged as a major oil producer, driven by shale oil production in states like Texas and North Dakota.
  2. Saudi Arabia: Saudi Arabia has long been a leading oil producer and a key member of the Organization of the Petroleum Exporting Countries (OPEC).
  3. Russia: Russia is a significant oil producer, often competing with Saudi Arabia for the title of the world’s largest oil producer.
  4. Canada: Canada is known for its vast reserves of oil sands, making it a prominent player in the global oil industry.
  5. China: China has experienced rapid growth in oil production, driven by increased domestic demand.

Top Oil Exporters Around the World

While oil production is vital, exporting crude oil to global markets is equally important. Some of the top oil-exporting countries include:

  1. Saudi Arabia: Saudi Arabia is a major exporter and a key player in influencing global oil prices.
  2. Russia: Russia exports significant quantities of oil, particularly to Europe and Asia.
  3. United States: The U.S. has become a net exporter of oil, shipping crude oil to various countries worldwide.
  4. Iraq: Iraq is a major exporter of crude oil, primarily to Asia and Europe.
  5. Canada: Canada exports crude oil to the United States and is a key supplier to its southern neighbor.

Top Exchanges Trading Crude Oil Futures

Several exchanges worldwide facilitate the trading of crude oil futures contracts. Some of the most prominent ones include:

  1. Chicago Mercantile Exchange (CME): The CME Group offers futures contracts on West Texas Intermediate (WTI) crude oil, providing a vital benchmark for U.S. oil prices.
  2. Intercontinental Exchange (ICE): ICE offers futures contracts on Brent crude oil, which serves as a global benchmark for oil prices.
  3. Dubai Mercantile Exchange (DME):The DME is a leading exchange for Middle East crude oil futures, particularly Oman crude.
  4. Multi Commodity Exchange (MCX): MCX is India’s premier commodity exchange, offering futures contracts on crude oil and other commodities.

Role of Oil Tankers

Oil tankers play a pivotal role in the transportation of crude oil from producing regions to consuming markets. These massive vessels are designed to carry large quantities of crude oil and petroleum products. The two main types of oil tankers are:

  1. Crude Oil Tankers: These tankers are specially designed for the transportation of unrefined crude oil from oil fields to refineries. They come in various sizes, including Very Large Crude Carriers (VLCCs) and Ultra Large Crude Carriers (ULCCs).
  2. Product Tankers: Product tankers transport refined petroleum products such as gasoline, diesel, and jet fuel from refineries to distribution points and end consumers. They are smaller in size compared to crude oil tankers.

Products and Byproducts Made from Crude Oil

Crude oil is a versatile raw material that is processed in refineries to produce a wide range of products and byproducts. Some of the primary products derived from crude oil include:

  1. Gasoline: Gasoline is a vital fuel used in automobiles and other forms of transportation.
  2. Diesel: Diesel fuel powers trucks, buses, and many industrial vehicles.
  3. Jet Fuel: Jet fuel is used in aviation for commercial and military aircraft.
  4. Heating Oil: Heating oil is used for heating homes and buildings in colder climates.
  5. Petrochemicals: Crude oil is a source of various petrochemicals used to produce plastics, synthetic rubber, and chemicals for various industries.
  6. Lubricants: Crude oil is refined to produce lubricating oils for machinery, engines, and equipment.
  7. Asphalt: Asphalt is used in road construction and for roofing materials.
  8. Naphtha: Naphtha is a feedstock for the production of chemicals and as a component in gasoline blending.

Why Cannon Trading Company Is a Good Choice for Trading Crude Oil Futures

Cannon Trading Company is a trusted name in the world of futures and commodities trading, including the trading of crude oil futures. Here’s why they are an excellent choice:

  1. Expertise and Experience: With decades of experience, Cannon Trading has a team of knowledgeable brokers and professionals who specialize in energy futures, including crude oil.
  2. Multiple Trading Platforms: Cannon Trading offers a range of advanced trading platforms, ensuring that traders have access to the latest technology and tools.
  3. Personalized Service: The broker is known for its personalized approach, understanding each client’s unique trading goals and providing tailored solutions and guidance.
  4. Competitive Pricing: Cannon Trading offers competitive commission rates, helping traders manage their trading costs efficiently, which is crucial for energy futures traders.
  5. Educational Resources: Cannon Trading provides a wealth of educational resources, including webinars, market analysis, and trading guides, empowering traders to enhance their skills and make informed decisions.
  6. Regulation and Security: As a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), Cannon Trading adheres to strict industry regulations, ensuring a secure trading environment for clients.

Elaborating on the TrustPilot Rating of 4.9 out of 5 Stars

Cannon Trading Company’s exceptional TrustPilot rating of 4.9 out of 5 stars underscores the broker’s commitment to customer satisfaction and the quality of its services. This rating reflects the positive experiences of clients who have benefited from Cannon Trading’s expertise, personalized support, competitive pricing, educational resources, and adherence to regulatory standards. The high rating is a testament to Cannon Trading’s reputation for excellence in the world of futures trading, including the trading of crude oil futures.

Crude oil futures are a fundamental component of the global energy market, providing traders, investors, and hedgers with exposure to the price of crude oil, a vital commodity with wide-ranging applications. Understanding the various grades of crude oil, where futures are traded, contract sizes, top oil producers and exporters, exchanges trading crude oil futures, the role of oil tankers, and the products derived from crude oil is essential for anyone interested in this dynamic market.

Cannon Trading Company stands out as a top choice for trading crude oil futures, offering a wealth of experience, personalized service, advanced trading platforms, competitive pricing, educational resources, and a strong commitment to regulatory compliance. Their impressive TrustPilot rating of 4.9 out of 5 stars attests to their dedication to client satisfaction and their status as a trusted partner in the world of futures trading. Whether you are an experienced trader or just starting, Cannon Trading can provide the support and resources needed to navigate the complexities of crude oil futures trading effectively.

Ready to start trading futures? Call 1(800)454-9572 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.

 

Choosing the Right Futures and Commodity Trading Brokers

Find out more about futures trading with Cannon Trading Company here.

In the world of futures and commodity trading, finding a reliable broker is paramount. Traders seek brokers that offer transparency, knowledge, quick execution, and good regulatory standing. They want a broker who not only provides the tools for trading but is also there to assist promptly when issues arise. Among the reputable players in this industry, Cannon Trading stands out as an excellent choice. In this comprehensive guide, we will explore the key factors that make Cannon Trading a top choice for futures and commodity traders, including their 4.9 out of 5-star TrustPilot ranking.

Futures and Commodity Trading Brokers: A Vital Link
Futures and commodity trading are financial markets where participants speculate on the future prices of various assets, from agricultural products to energy resources and financial instruments. To access these markets, traders rely on brokers, who act as intermediaries, providing the necessary infrastructure, trading platforms, and access to exchanges. It’s crucial to choose a broker that not only facilitates trading but also offers valuable services and assistance, especially in times of need.

The Importance of Transparency, Knowledge, and Quick Executions
When selecting a futures or commodity trading broker, several critical factors come into play:

  1. Transparency: Traders need to know that they are trading in a fair and transparent environment. This includes clear fee structures, accurate market data, and fair execution practices.
  2. Knowledge: Brokers should possess in-depth knowledge of the markets they serve. They should provide clients with insightful market analysis, educational resources, and expert guidance to help them make informed trading decisions.
  3. Quick Executions: In the fast-paced world of futures and commodities, timely execution of orders is essential. Delays can lead to missed opportunities or increased risks.
  4. Regulatory Standing: A reputable broker should be in good standing with relevant regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States. Regulatory compliance ensures a higher level of trust and security for clients.
  5. Customer Support: A broker’s ability to pick up the phone immediately and assist clients in resolving issues is a critical aspect of their service. Effective customer support can make a significant difference in a trader’s experience.

Cannon Trading: A Trusted Name in Futures and Commodity Brokerage
Cannon Trading, with its decades-long presence in the industry, has garnered a strong reputation for providing the transparency, knowledge, quick executions, and regulatory standing that traders seek. Here’s why Cannon Trading is highly recommended:

  1. Exceptional Transparency
    Cannon Trading prides itself on transparency in all aspects of its services. Their fee structures are clear and competitive, ensuring that traders have a comprehensive understanding of their costs. This transparency extends to order execution, where traders can expect fair and efficient execution practices.

  2. In-Depth Knowledge
    Cannon Trading’s team consists of industry experts with a deep understanding of futures and commodity markets. They offer clients valuable insights, market analysis, and educational resources to enhance their trading knowledge. Whether you’re a novice or an experienced trader, you’ll find their guidance invaluable.
  3. Quick Executions
    In the world of futures and commodities, timing is crucial. Cannon Trading provides traders with access to advanced trading platforms that offer fast and reliable order execution. This ensures that traders can seize opportunities as they arise without delays.
  4. Regulatory Compliance
    Cannon Trading operates with the highest level of integrity and is in good standing with regulatory bodies such as the CFTC and NFA. This commitment to compliance offers clients peace of mind, knowing that they are trading with a reputable and regulated broker.
  5. Exceptional Customer Support
    One of the standout features of Cannon Trading is its dedication to customer support. The firm’s support team is known for picking up the phone immediately to address client inquiries or resolve issues promptly. This level of responsiveness is a testament to their commitment to client satisfaction.

Variety of Futures Trading Software
Cannon Trading understands that traders have diverse preferences and requirements when it comes to trading platforms. That’s why they offer a wide variety of futures trading software options to cater to different needs:

– E-Futures Software: E-Futures is known for its user-friendly interface, real-time market data, and advanced charting tools. It’s suitable for traders of all levels.
– E-Futures International: This platform provides access to global markets, making it ideal for those interested in international futures trading. It offers multi-currency support and access to various asset classes.
– CannonPro Trading Software: Designed for professional and institutional traders, CannonPro offers low-latency execution, advanced order types, and extensive customization options.

Why Choose Cannon Trading
Cannon Trading’s reputation for transparency, knowledge, quick executions, and regulatory compliance make it a standout choice for futures and commodity traders. Here are some compelling reasons why you should consider Cannon Trading for your trading needs:

  1. TrustPilot 4.9 out of 5 Stars
    Cannon Trading’s TrustPilot rating of 4.9 out of 5 stars is a remarkable achievement. This high rating reflects the consistent satisfaction of their clients and is a strong indicator of the quality of their services.
  2. Comprehensive Support
    Cannon Trading goes beyond just providing trading platforms. They offer a comprehensive support system, including educational resources, market analysis, and expert guidance. Their team is readily available to assist clients in navigating the complexities of futures and commodity trading.
  3. Diverse Trading Software
    The availability of a wide range of trading software ensures that traders can find a platform that suits their specific needs and preferences. Whether you’re a beginner or a seasoned professional, Cannon Trading has a platform for you.
  4. Industry Experience
    With over three decades of experience, Cannon Trading has a proven track record of serving the needs of futures and commodity traders. Their longevity in the industry speaks to their reliability and commitment to client success.
  5. Regulatory Integrity
    Cannon Trading operates in full compliance with regulatory requirements, instilling confidence in traders that they are trading with a reputable and trustworthy broker.

Choosing the right futures and commodity trading broker is a crucial decision for traders. Cannon Trading, with its stellar reputation for transparency, knowledge, quick executions, and regulatory compliance, is a standout choice. Their 4.9 out of 5-star TrustPilot rating is a testament to their dedication to client satisfaction. With a diverse range of trading software and a commitment to providing comprehensive support, Cannon Trading is well-equipped to serve the diverse needs of futures and commodity traders, helping them navigate the intricacies of these dynamic markets with confidence and success.

Ready to start trading futures? Call 1(800)454-9572 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.

 

FOMC Tomorrow! + Futures Trading Levels for Sept. 20th 2023

Get Real Time updates and more on our private FB group!

FOMC tomorrow and the markets are expecting NO CHANGE in rates tomorrow, however, traders will pay close attention in an attempt to predict future hikes the rest of 2023.

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 4425.00 with a stop at 4419.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4419.75 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!!

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-20-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

8c3b006a 648a 4193 aaf8 7ea7904a99c3

 

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.

FOMC week ahead! + Levels for Sept. 19th 2023

Get Real Time updates and more on our private FB group!

The Week Ahead: FED Talk

By John Thorpe, Senior Broker

1st of the final 3 Fed meetings this year happens this week.

The 1st upcoming meeting on Wednesday the 20th and the final Fed meeting December 13th will also include as a component “Projection Materials” or “Summary of Economic Projections”. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well. They represent more data driven insights than merely the commentary that follows the rate decisions.

Again, the language of Wednesday’s commentary will be more heavily based on data dependency as investors look for language alluding to the end of the rate increase cycle.

 

 

The Oct31/Nov 1 Fed (this is the 2nd of 3 remaining this Year) meeting will not include this data but will still include Fed Chair Powell’s commentary.

Why focus on fed meetings? There is Clear correlation between expectations of interest rate changes and Equity Market prices. An overly simplistic description: Interest rates go higher, equity prices go lower and the correlative inverse should also follow that when interest rates go lower, equity prices go higher.

Clearly our equity indices are range bound as the market has been discounting any and all further rate increases the Fed has alluded to. What has been supporting the market is the view that rate tightening is nearing an end. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well. 

CME Fedwatch Tool is reflecting a 99% probability of no rate change this meeting, maintaining the 5.25-5.50 current borrowing rate with a 1 % chance of a raise in rates.

Earnings

Fedex   (FDX) headlines a relatively light earnings calendar this week, with the logistics giant slated to disclose its fiscal first-quarter results after Wednesday’s close. Analysts, on average, expect the company to report earnings of $3.73 per share, up 8.4% year-over-year (YoY), on revenue of $21.8 billion (-7.6% YoY).

 

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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-19-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

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Economic Reports, Source: 

Forexfactory.com

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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.

Nasdaq Futures: Components, Trading, Hedging, and Cannon Trading Company

Learn more about trading Nasdaq futures with Cannon Trading Company here.

Nasdaq futures, including Micro Nasdaq futures and E-mini Nasdaq futures, are derivatives contracts that track the performance of the Nasdaq Composite Index. This index comprises a diverse range of technology and non-technology companies, making it an important benchmark for the broader stock market. In this comprehensive guide, we will explore the components of the Nasdaq Composite Index, where Nasdaq futures are traded, their trading hours, and effective hedging techniques. Additionally, we’ll delve into why Cannon Trading Company is considered one of the best brokers for Nasdaq futures trading.

Components of the Nasdaq Composite Index

The Nasdaq Composite Index is renowned for its heavy weighting in technology stocks, but it also includes companies from other sectors. Here are some key components of the Nasdaq Composite Index:

  1. Technology Giants: Companies like Apple, Microsoft, Amazon, Facebook (now Meta Platforms), and Alphabet (Google) are among the largest constituents. Their innovations and market dominance contribute significantly to the index’s performance.
  2. Biotechnology: Biotech companies such as Amgen, Biogen, and Gilead Sciences are also part of the Nasdaq Composite Index, reflecting the growth and innovation in the biotech sector.
  3. Consumer Discretionary: The index includes consumer-focused companies like Amazon and Netflix, representing the changing dynamics of consumer preferences and e-commerce.
  4. Healthcare: Notable healthcare companies in the index include Regeneron Pharmaceuticals, Moderna, and Vertex Pharmaceuticals, reflecting the importance of healthcare innovation.
  5. Financials: Financial services firms like PayPal, American Express, and Nasdaq Inc. itself are included, highlighting the role of fintech in modern finance.
  6. Telecommunications: Companies like Comcast and Charter Communications are part of the index, representing the telecommunications sector.
  7. Consumer Staples: The Nasdaq Composite Index also includes consumer staples companies like Costco and PepsiCo, providing diversification.
  8. Industrial and Other Sectors: The index encompasses companies from various sectors, including industrials (e.g., Tesla), utilities (e.g., American Electric Power), and more.

Where Are Nasdaq Futures Traded?

Nasdaq futures, including Micro Nasdaq and E-mini Nasdaq futures, are primarily traded on futures exchanges. The Chicago Mercantile Exchange (CME) is a well-known venue for trading these contracts. There are two main types of Nasdaq futures:

  1. E-mini Nasdaq 100 Futures: These futures contracts represent a fraction of the value of the standard Nasdaq 100 index and are popular due to their liquidity and accessibility.
  2. Micro Nasdaq 100 Futures: Micro Nasdaq futures are even smaller contracts designed for traders with limited capital or those who want finer control over position sizing. They provide a cost-effective way to gain exposure to the Nasdaq 100.

Trading Hours for Nasdaq Futures

Nasdaq futures offer extended trading hours to accommodate traders across different time zones and allow for quick reactions to market-moving events. The typical trading hours for Nasdaq futures are as follows:

Regular Trading Hours (RTH): RTH for Nasdaq futures typically run from 9:30 AM to 4:15 PM Eastern Time (ET), matching the regular trading hours of the U.S. stock market.

Extended Trading Hours (ETH): ETH for Nasdaq futures begin at 6:00 PM ET on the previous day and continue until 9:30 AM ET on the current trading day. There is also a post-close session from 4:30 PM to 5:00 PM ET.

Hedging with Nasdaq Futures

Nasdaq futures can be effectively used for hedging purposes, especially when there is a need to protect a portfolio from market downturns or sector-specific risks. Here are some hedging techniques using Nasdaq futures:

  1. Portfolio Protection: Investors with significant exposure to technology or growth stocks can hedge their portfolios by taking short positions in Nasdaq futures. This can help mitigate potential losses during market downturns.
  2. Single-Stock Risk Mitigation: If an investor holds a substantial position in a specific Nasdaq-listed stock, they can hedge against adverse price movements in that stock by taking an opposing position in Nasdaq futures.
  3. Sector-Specific Hedging: Investors focused on specific sectors represented in the Nasdaq Composite Index, such as technology or healthcare, can use Nasdaq futures to hedge against sector-specific risks.
  4. Event Risk Hedging: Ahead of events like earnings releases, economic data announcements, or geopolitical events that can impact technology stocks, traders can use Nasdaq futures to hedge their positions.

Why Cannon Trading Company Is the Best Broker for Nasdaq Futures

Cannon Trading Company is widely recognized as one of the best brokers for Nasdaq futures trading, offering a range of benefits that cater to both novice and experienced traders. Here’s why Cannon Trading stands out:

  1. Expertise and Experience: With over three decades of experience, Cannon Trading boasts a team of knowledgeable brokers and staff who specialize in futures and commodities markets, including Nasdaq futures.
  2. Multiple Trading Platforms: Cannon Trading provides access to advanced trading platforms such as CQG, Sierra Chart, and R Trader, empowering traders with the tools needed for efficient Nasdaq futures trading.
  3. Personalized Service: The broker is known for its personalized approach, taking the time to understand each client’s unique trading goals and offering tailored solutions and guidance.
  4. Competitive Pricing: Cannon Trading offers competitive commission rates, ensuring that traders can manage their trading costs effectively, which is crucial for frequent Nasdaq futures traders.
  5. Educational Resources: Cannon Trading provides a wealth of educational resources, including webinars, market analysis, and trading guides, helping traders enhance their skills and make informed decisions.
  6. Regulation and Security: As a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), Cannon Trading adheres to strict industry regulations, providing clients with a secure trading environment.

Hedging Techniques on Nasdaq Futures

Effectively hedging with Nasdaq futures requires careful consideration of portfolio composition and risk tolerance. Some techniques include:

  1. Short Futures Position: Traders can take a short position in Nasdaq futures contracts to hedge against a potential decline in the value of their Nasdaq-related investments.
  2. Pair Trading: Traders can create a market-neutral position by taking long and short positions simultaneously, reducing directional risk while maintaining exposure to specific sectors or stocks.
  3. Options Strategies: Combining Nasdaq futures with options strategies, such as buying protective puts or selling covered calls, can provide tailored hedging solutions.
  4. Dynamic Hedging: Continuously monitor and adjust your Nasdaq futures position as market conditions change to maintain an effective hedge.

Nasdaq futures, including Micro Nasdaq and E-mini Nasdaq futures, play a pivotal role in the world of derivatives trading, offering exposure to the dynamic Nasdaq Composite Index. Cannon Trading Company stands out as one of the best brokers for Nasdaq futures trading, thanks to its extensive experience, personalized service, advanced trading platforms, competitive pricing, educational resources, and commitment to regulatory compliance. Whether you are looking to hedge your portfolio or actively trade Nasdaq futures, Cannon Trading can provide the support and resources needed to navigate the world of Nasdaq futures effectively. Additionally, various hedging techniques allow traders and investors to manage risk and protect their investments in a dynamic market environment.

Ready to start trading futures? Call 1(800)454-9572 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.

S&P Futures: Trading, Components, and Hedging Strategies with Cannon Trading Company

Find out more about trading S&P futures with Cannon Trading Company here.

S&P futures, including E-mini S&P futures and Micro S&P futures, are among the most widely traded derivatives in the world. These futures contracts are based on the S&P 500 stock index, which is a benchmark for the performance of large-cap U.S. stocks. In this comprehensive guide, we will explore the components of the S&P 500 index, where S&P futures are traded, their trading hours, and how they can be effectively used for hedging. Furthermore, we’ll elaborate on why Cannon Trading Company is considered one of the best brokers for trading the S&P 500 futures contracts.

Components of the S&P 500 Index

The S&P 500 index represents a diverse cross-section of the U.S. stock market. It comprises 500 of the largest and most prominent publicly traded companies in the United States. These companies are selected based on various factors, including market capitalization, liquidity, and sector representation. Some of the sectors and industries represented in the S&P 500 index include:

  1. Information Technology: Companies such as Apple, Microsoft, and Alphabet (Google) are major components of the S&P 500, reflecting the dominant role of the tech sector in the U.S. economy.
  2. Healthcare: Pharmaceutical giants like Johnson & Johnson and biotech firms like Pfizer are included in the index, representing the healthcare sector.
  3. Financials: Major U.S. banks like JPMorgan Chase, Bank of America, and Wells Fargo are part of the index, reflecting the strength of the financial sector.
  4. Consumer Discretionary: Retailers like Amazon and consumer brands like Walt Disney are important components of the S&P 500, representing consumer discretionary spending.
  5. Energy: Leading energy companies like ExxonMobil and Chevron are included, reflecting the importance of the energy sector.
  6. Industrials: Companies like Boeing and General Electric represent the industrial sector within the index.
  7. Consumer Staples: Household names like Procter & Gamble and Coca-Cola are part of the index, representing consumer staples.
  8. Utilities: Utility companies like NextEra Energy are included for their role in providing essential services.
  9. Materials: Companies in the materials sector, including chemical and mining firms, are also represented.
  10. Real Estate: Real estate investment trusts (REITs) like Simon Property Group are included to reflect the real estate market.

Where Are S&P Futures Traded?

S&P futures are primarily traded on futures exchanges, with the Chicago Mercantile Exchange (CME) being the most prominent venue. The two main types of S&P futures contracts are:

  1. 1. E-mini S&P 500 Futures: These are electronically traded futures contracts that represent a fraction of the value of the standard S&P 500 index. E-mini contracts are highly liquid and are preferred by many traders due to their accessibility and affordability.
  2. Micro S&P 500 Futures: Micro S&P futures are even smaller contracts than the E-minis. Designed for those who wish to fine-tune their position sizes, they offer a cost-effective way to gain exposure to the S&P 500.

Trading Hours for S&P Futures

S&P futures, including E-mini and Micro contracts, trade 23 hours a day, from 5:00 pm Central time around the clock to 4:00 pm the following day.

Hedging with S&P Futures

S&P futures are a popular choice for hedging equity portfolios because they closely track the performance of the S&P 500 index. Here’s how traders and investors can use S&P futures for hedging purposes:

  1. Portfolio Protection: Investors with significant holdings in U.S. equities can use S&P futures to protect their portfolios from market downturns. By taking a short position in S&P futures, they can offset potential losses in their stock holdings.
  2. Single-Stock Risk Mitigation: If an investor holds a substantial position in a specific S&P 500 component stock, they can hedge against the stock’s price movements by taking an opposing position in S&P futures.
  3. Event Risk Hedging: Events such as earnings announcements, economic data releases, or geopolitical events can lead to increased market volatility. Traders can use S&P futures to hedge their positions ahead of such events.
  4. Sector-specific Hedging: If an investor has a concentrated portfolio within a specific sector represented in the S&P 500, they can hedge against sector-specific risks by trading S&P futures.

Why Cannon Trading Company Is the Best Broker for S&P Futures

Cannon Trading Company has earned a strong reputation as one of the best brokers for trading S&P futures. Here are some key reasons why Cannon Trading stands out in the industry:

  1. 1. Expertise and Experience: Cannon Trading has been serving traders and investors for over three decades. Their team of experienced brokers and staff members possess deep knowledge of the futures and commodities markets, including S&P futures.
  2. Multiple Trading Platforms: Cannon Trading offers a variety of advanced trading platforms, including CQG, Sierra Chart, and R Trader. These platforms cater to traders of all levels and provide the tools needed for effective S&P futures trading.
  3. Personalized Service: The brokerage is known for its personalized approach in client relationships. They take the time to understand each client’s unique trading goals and offer tailored solutions and guidance.
  4. Competitive Pricing: Cannon Trading offers competitive commission rates, ensuring that traders can keep their trading costs in check, which is especially important for frequent S&P futures traders.
  5. Educational Resources: Cannon Trading provides a wealth of educational resources, including webinars, market analysis, and trading guides, to help traders improve their skills and make informed decisions.
  6. Regulation and Security: As a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), Cannon Trading adheres to strict industry regulations, providing clients with a secure trading environment.

S&P futures, including E-mini S&P futures and Micro S&P futures, play a vital role in the world of derivatives trading. They provide exposure to the performance of the S&P 500 index, making them a valuable instrument for traders and investors. Cannon Trading Company, with its wealth of experience, personalized service, advanced trading platforms, competitive pricing, and commitment to client education, stands out as one of the best brokers for S&P futures trading. Whether you are looking to hedge your portfolio or actively trade these contracts, Cannon Trading can provide the support and resources you need to navigate the world of S&P futures effectively.

Ready to start trading futures? Call 1(800)454-9572 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.

Weekly Newsletter: Tight Stops or Wide Stops? + Levels for Sept. 18th

Cannon Futures Weekly Newsletter Issue # 1163

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  •  Trading Updates: Rollover notice
  • Trading Resource of the Week – Tight Stops or Wide Stops?
  • Hot Market of the Week – November Unleaded Gasoline
  • Broker’s Trading System of the Week – ZB (bonds) Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week
  • Important Notices – December is FRONT MONTH

Stock index futures, currency futures and most other commodities front month is now December.
September stock index expired this Friday morning and currencies expire ( delivery) this Monday.
The month code for December is ‘Z.’  Please consider carefully how you place orders when changing over.

Trading Resource of the Week – Tight Stops or Wide Stops?

 

Entry Signals Are Very Important But Just As Important If Not More Is Trade Management.

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
This article was published on FinanceMagnates.com back a couple years ago but is definitely a timeless article.
Today I decided to touch more on an educational feature rather than provide a certain market outlook. Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.
Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.
Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between. Some of the basic elements of trade management before even entering the trade are: What will my stop loss be**? will i use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?
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.
November unleaded gasoline The rally in Nov unleaded completed second upside PriceCount objective and developed a sideways/ rangebound trading action. If the market can breakout to the upside , it can project a run to the 3rd objective at 2.77 level
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.
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  • 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.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$15,000
COST
USD 65 / monthly
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.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
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  • Trading Levels for Next Week

Daily Levels for September 18th, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

  • Trading Reports for Next Week

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First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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 herein 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 judgment in trading.

 

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.