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.

Quick Links: Commissions | Day Margins | Contact Us
Open An Account
Free Demo Account Subscribe Here

Corn Futures: Exploring Trading Opportunities, Growing Regions, and Cannon Trading Commodity Brokers

Posted on by Cannon Operations

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

Corn, a staple crop with diverse applications, occupies a significant role in global agriculture and commodities markets. Trading corn futures offers participants a chance to navigate price volatility, speculate on future price movements, and engage in risk management. In this comprehensive exploration, we’ll delve into the intricacies of trading corn futures in the United States, examine major corn-growing regions around the world, discuss the impact of different corn-growing seasons, and highlight Cannon Trading Company and its Commodity Brokers as a premier futures trading facilitator. Moreover, we’ll underline Cannon Trading Company’s global reach and its high-rated status on TrustPilot as a catalyst for futures trading and hedging in corn.

Trading Corn Futures in the United States

The United States is a leading player in the corn market, both as a producer and consumer. Corn futures are traded on the Chicago Mercantile Exchange (CME), where participants can speculate on corn prices and manage risk. Corn futures contracts represent a specified quantity of corn and have standardized delivery dates, allowing traders to speculate on future market conditions.

Major Growing Areas of Corn Around the Worl

Corn is cultivated across diverse geographic regions, with each area contributing to global supply and demand dynamics. Major corn-growing regions include:

  1. United States: The U.S. Corn Belt, encompassing states like Iowa, Illinois, and Nebraska, is a primary corn-producing area. The U.S. leads global corn production, and its crop serves as a benchmark for corn prices.
  2. Brazil: Brazil is a key player in global corn production, with the second-largest harvest in the world. Its tropical climate allows for multiple growing seasons.
  3. Argentina: Another South American nation, Argentina, contributes significantly to corn production. Its geographical diversity supports both summer and winter growing seasons.
  4. China: China is a major consumer of corn and is increasingly becoming a significant producer, with regions like Northeast China playing a crucial role.
  5. Ukraine and Russia: These countries in Eastern Europe are emerging as corn producers, capitalizing on fertile lands and favorable climate.

Diverse Corn Growing Seasons

Corn-growing seasons vary globally due to differences in climate and agricultural practices. Two primary types of corn-growing seasons are:

  1. Single Season (Monoculture): In regions like the U.S. Corn Belt, corn is planted in the spring and harvested in the fall, constituting a single growing season.
  2. Multiple Seasons (Biculture): In areas like Brazil, which have a tropical climate, multiple growing seasons are possible. The main crop is planted in the southern hemisphere’s summer and harvested in the autumn, while the “safrinha” (second crop) is planted in the summer and harvested in the winter.

Cannon Trading Company Commodity Brokers: Facilitating Corn Futures Trading

Cannon Trading Company and its team of Commodity Brokers is a recognized industry leader in facilitating futures trading across various commodities, including corn. Established with a commitment to providing traders with superior tools and services, Cannon Trading Company offers access to various futures markets, enabling participants to capitalize on market opportunities, manage risk, and engage in hedging strategies.

One of the noteworthy factors contributing to Cannon Trading Company’s reputation is its exceptional TrustPilot rating. TrustPilot, a platform for customer reviews, reflects real-world experiences shared by traders who have interacted with Cannon Trading Company. Positive reviews often highlight attributes such as comprehensive customer support, user-friendly trading platforms, competitive pricing, and reliable execution. The top-rated status on TrustPilot underscores Cannon Trading Company’s dedication to maintaining high standards and prioritizing client satisfaction.

Global Reach and Catalyst for Corn Futures Trading

Cannon Trading Company’s global reach is instrumental in connecting traders from around the world to various futures markets, including corn futures. With the advancement of technology and electronic trading platforms, geographical barriers are no longer impediments to participation in global markets. Cannon Trading leverages its expertise to provide traders with the necessary tools, market insights, and execution capabilities to navigate the intricacies of corn futures trading, regardless of their location.

Trading corn futures presents an avenue for participants to engage with a fundamental agricultural commodity, manage risk, and capitalize on price movements. The global significance of corn, coupled with its diverse growing seasons, creates a dynamic landscape for traders. Cannon Trading Commodity Brokers stands as a reliable partner in this endeavor, offering comprehensive services and leveraging its top-rated TrustPilot status to empower traders worldwide. As corn continues to play a pivotal role in global agriculture and commodities markets, the opportunities for futures trading and hedging remain as vibrant as the crop itself.

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.

What You Need to Know if you are Trading Futures on Aug 30th 2023

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

What you need to know before trading futures tomorrow – Aug 30th 2023

by Ilan Levy-Mayer, VP

  1. Front month for treasuries, silver, copper is now December.
  2. We have another employment report tomorrow morning, ADP
  3. Crude oil numbers are out tomorrow if you are an energy trader.
  4. Pending home sales will be out as well
  5. SP500 futures closed right against MAJOR moving average/resistance level. (chart below)
  6. Both Sugar, Silver and Heating oil markets flashed a possible long signal based on our proprietary indicators.
  7. Thursday will be the last trading day for August as well as Q3!
  8. Friday we will have the anticipated NFP ( non farm payrolls report)
  9. Labor day is almost here, see modified trading schedule HERE

 

Plan your trade and trade your plan.

 

f31d03ba 74fb 4d44 b1a1 1875717b4b7c

 

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

08-30-2023

#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

2019798e fb1b 4022 8243 a01929436214

 

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.

Trading Week Ahead: What You Need to Know if you are Trading Futures

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

The Week ahead: Earnings & NFP (aka job report) ,

by John Thorpe, Senior Broker

 

Earnings and NFP will be the markets focus.

The Earnings tail this week will include SalesForce on Wednesday and Dell, a dividend pick for tech stocks, on Thursday. LuLulemon reports on Thursday.

Friday the Big news will not come from the earnings front It is that time of the month again, time for NFP. Similar to the JOLTs release earlier in the week, watching how NFP comes out could have a strong impact on the market. The last two reports have been revised down in the following weeks and if this one follows suit could provide some sell pressure in the general market. If however, this comes in as a beat, it’s possible the market rallies on a strong jobs report.

Start trading December silver, copper, 30 year bonds and other treasuries!

Plan your trade and trade your plan.

 

2fb1cb13 cb6f 41d0 8cbd d2de782b4e91

 

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

08-29-2023

#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

 

cfe975d8 9182 4c86 af68 a892ef93ec44

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.

Navigating the World of Crude Oil Futures: Production, Exchanges, Brokers, and Hedging

Posted on by Cannon Operations

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

Crude oil, often referred to as the lifeblood of modern economies, plays a pivotal role in energy production, transportation, and global geopolitics. As a finite and highly sought-after resource, trading crude oil futures offers investors and businesses a way to manage risk, speculate on price movements, and participate in the energy market. In this comprehensive exploration, we will delve into the types of crude oil, major oil-producing regions, top oil producers, global oil futures exchanges, the role of crude oil brokers, and the art of hedging crude oil through futures trading. Additionally, we will take a closer look at Cannon Trading Futures Brokers and their exceptional TrustPilot rating.

Types of Crude Oil and Geographic Areas
Crude oil is not a uniform commodity; it comes in various grades and qualities, each with distinct characteristics. The most commonly traded types of crude oil include Brent crude, West Texas Intermediate (WTI) crude, and Dubai crude, among others. These grades differ in terms of density, sulfur content, and location of production.

Geographically, crude oil is found in multiple regions around the world. Notable areas of crude oil production include:

  1. Middle East: The Middle East is renowned for its vast oil reserves, with countries like Saudi Arabia, Iraq, and Iran being major producers. The region’s influence on global oil prices and supply dynamics is significant.
  2. North America: The United States and Canada are prominent producers of crude oil, with the shale revolution in the U.S. leading to a surge in production in recent years.
  3. Russia and Former Soviet Union: Russia has substantial oil reserves and is a key player in the global oil market. Other countries in the former Soviet Union, such as Kazakhstan and Azerbaijan, also contribute to production.
  4. Latin America: Countries like Venezuela and Brazil are significant producers in the Latin American region, contributing to global supply.
  5. Africa: Countries like Nigeria, Angola, and Libya are noteworthy crude oil producers in Africa, with varying degrees of geopolitical influence on supply.

Top Oil Producers in the World
The hierarchy of top oil producers shifts based on global economic and political dynamics. As of my last knowledge update in September 2021, some of the top oil-producing countries included Saudi Arabia, the United States, Russia, and China. These countries not only influence the supply side but also impact global demand and pricing trends.

Global Oil Futures Exchanges and Brokers
Oil futures are traded on several prominent exchanges around the world, providing investors and traders with a platform to speculate on the future price of crude oil. Some of the well-known oil futures exchanges include:

  1. New York Mercantile Exchange (NYMEX): NYMEX, a division of the CME Group, offers futures contracts for WTI crude oil. WTI is considered a benchmark for oil prices in North America.
  2. Intercontinental Exchange (ICE): ICE offers Brent crude oil futures contracts, which serve as a global benchmark for oil prices. Brent crude is sourced from the North Sea and represents a major component of the international oil market.
  3. Dubai Mercantile Exchange (DME):DME provides a platform for trading Dubai crude oil futures contracts, which cater to the Asian market.

Hedging Crude Oil on the Futures Market
Hedging in the context of crude oil futures involves using futures contracts to mitigate the risk of adverse price movements. This strategy is commonly employed by oil producers, consumers, and investors who wish to protect themselves from the volatility of oil prices.

For instance, an oil producer concerned about a potential decline in oil prices could enter into futures contracts to sell oil at a predetermined price. If prices fall, the loss on the physical oil sale could be offset by gains in the futures contract. Similarly, airlines or other businesses heavily reliant on oil for operations could use futures contracts to lock in prices and safeguard against unexpected price spikes.

Cannon Trading Futures Brokers and TrustPilot Rating
Cannon Trading, a well-established futures broker, offers traders access to a range of commodities, including crude oil futures. With over three decades of experience in the industry, Cannon Trading has earned a reputation for its commitment to providing traders with advanced tools, competitive pricing, and reliable execution.

One valuable indicator of a broker’s performance is customer feedback, and Cannon Trading’s exceptional rating on TrustPilot speaks to its dedication to client satisfaction. TrustPilot, a platform for customer reviews, showcases positive experiences shared by traders who have engaged with Cannon Trading. These reviews often highlight factors such as efficient customer support, user-friendly platforms, and seamless order execution, all of which are critical in the world of futures trading.

Crude oil futures offer a pathway for investors, producers, and consumers to engage with the energy market, manage risk, and capitalize on price movements. The diverse types of crude oil and their global geographic locations contribute to the dynamic nature of the oil market. As top oil producers shift and demand evolves, the role of oil futures exchanges, brokers, and hedging strategies remains integral to the functioning of this essential global commodity market. Cannon Trading Futures Brokers, exemplified by their TrustPilot rating, underscores the significance of reliable brokerage services in facilitating successful crude oil futures trading.

Trading Futures Options: Strategies, Brokers, and Techniques

Posted on by Cannon Operations

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

In the dynamic landscape of financial markets, trading futures options has emerged as a versatile and sophisticated strategy. This strategy allows traders to harness the potential of both futures contracts and options contracts, creating a hybrid approach that offers unique opportunities for risk management, speculation, and portfolio diversification. In this comprehensive article, we will delve into option trading techniques, the role of the Chicago Board Options Exchange (CBOE), the significance of reputable futures brokers with exceptional execution capabilities, and a detailed analysis of Cannon Trading Futures Brokers and their reviews on TrustPilot.

Option Trading Techniques: A Blend of Flexibility and Leverage

Option trading techniques are a cornerstone of modern financial markets, providing traders with the ability to speculate on price movements, hedge risk, and even generate income. Trading options on futures, often referred to as options on commodities, adds another layer of complexity by combining the characteristics of two distinct financial instruments.

There are several popular option trading techniques employed by traders:

  1. Covered Calls: This strategy involves holding a long position in the underlying futures contract and simultaneously selling a call option. Traders use this technique to generate income from the premium received on the call option while potentially benefiting from limited upside price movement.
  2. Protective Puts: This strategy is designed to hedge against potential downside risk. Traders buy a put option on the underlying futures contract to lock in a minimum selling price, offering protection in case the market moves unfavorably.
  3. Straddle and Strangle: These are volatility-based strategies. A straddle involves buying a call option and a put option with the same strike price and expiration date, while a strangle involves purchasing out-of-the-money call and put options. These strategies are used when traders expect significant price movements but are uncertain about the direction.
  4. Iron Condor: This is a combination of selling an out-of-the-money call spread and an out-of-the-money put spread. It’s a strategy to profit from low volatility and a relatively stable underlying market.

The Role of CBOE: Pioneering Options Trading

The Chicago Board Options Exchange (CBOE) has played a pivotal role in shaping the landscape of options trading. Established in 1973, the CBOE introduced standardized options contracts, making options trading more accessible and transparent. Over the years, the exchange has expanded its offerings to include options on a wide range of assets, including equity indexes, ETFs, and futures contracts.

CBOE’s contributions to the options market include the development of the Black-Scholes options pricing model, which revolutionized the way options were valued. This model takes into account variables such as the underlying asset’s price, time to expiration, volatility, and interest rates to determine an option’s fair value.

Importance of Futures Brokers with Execution Excellence

In the realm of trading futures options, the role of a futures broker cannot be overstated. A reputable futures broker acts as an intermediary between traders and the market, providing access to trading platforms, market data, and execution services. One of the key factors that sets brokers apart is their execution quality.

Efficient and timely execution is crucial in futures options trading, where market conditions can change rapidly. A reliable broker ensures that traders’ orders are executed at the desired price and within the shortest possible time frame. Slippage, the difference between the expected execution price and the actual price at which the trade is executed, can significantly impact trading outcomes. Therefore, choosing a broker with a track record of consistent and accurate executions is paramount.

Exploring Trading Strategies with Cannon Trading Futures Brokers

Cannon Trading Company is a prominent futures broker known for its comprehensive services and commitment to execution excellence. Established in 1988, Cannon Trading Company has earned a reputation for catering to a diverse clientele, including institutional traders, individual investors, and hedgers.

Cannon Trading Company offers a range of trading strategies that align with different risk profiles and market outlooks:

  1. Trend Following: This strategy involves identifying and capitalizing on established market trends. Traders using this approach analyze historical price data to identify patterns and enter positions in the direction of the prevailing trend.
  2. Spread Trading: Spread trading involves simultaneously buying and selling two related futures contracts to profit from price differentials between them. It’s a strategy often used in commodities markets, where price discrepancies between related contracts are common.
  3. Options Selling: Cannon Trading provides options on futures traders the opportunity to engage in selling options to generate premium income. This strategy involves assuming the obligation to buy or sell the underlying futures contract if the option buyer decides to exercise their option.

TrustPilot Reviews and Broker Reputation

TrustPilot serves as a platform where clients can provide feedback and reviews about their experiences with various service providers, including futures brokers. Cannon Trading’s presence on TrustPilot allows traders to gauge the broker’s reputation based on real-world experiences of its clients.

Positive reviews on TrustPilot often highlight aspects such as superior customer service, robust trading platforms, transparency in pricing, and, most importantly, reliable and efficient order execution. These reviews not only provide valuable insights to prospective clients but also reflect the broker’s commitment to maintaining high standards of service.

Trading futures options presents traders with a unique opportunity to combine the advantages of both futures and options contracts. Option trading techniques, such as covered calls, protective puts, and volatility-based strategies, offer flexibility and diverse approaches to trading. The CBOE’s contributions have been instrumental in shaping the options market, and a reputable futures broker’s role in execution excellence cannot be overstated. Cannon Trading Company and its team of Futures Brokers, with their comprehensive strategies and positive TrustPilot reviews, exemplify the significance of a broker’s reputation and execution quality in the realm of futures options trading. As markets continue to evolve, traders will continue to seek ways to harness the potential of trading futures options in their pursuit of financial 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.

Weekly Newsletter: Trade Exits, December Cotton Outlook + Levels for August 28th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1160

 

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

In this issue:

  • Trading Updates: Labor Day Schedule
  • Trading Resource of the Week – Exiting Trades
  • Hot Market of the Week – December Cotton
  • Broker’s Trading System of the Week – Micro NQ and ES Trading Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week
2b4a530b 9510 416b 8878 c40222513839
  • Trading Resource of the Week – : When and Where Do I exit My Trade?
Whether you’re a day trader, a position trader, a spread trader, or an option trader, some of the mental challenges and the questions to go with them are constant:
  • Where, When and how do I enter a trade?
  • How do I define risk and implement any type of risk control, like placing stop orders, or implementing some sort of option protection?
  • Where and how do I exit a trade, both in the event of a profitable trade and an unsuccessful one?

 

Finish reading the article along with chart examples

 

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.
December Cotton satisfied its first upside PriceCount objective recently and corrected. At this point, if the chart can resume its rally with new sustained highs, the second count would project a possible run to the 95.74 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
a5d83cbd f3ce 47ed 9328 be1a6e3f4091
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.
3b644da2 2bee 4d39 8d98 5208a20bec39

  • Broker’s Trading System of the Week

Are you interested in seeing how two different intraday trading systems perform in real time, live trading?
Cannon Trading offers you weekly updates on the results of these systems, which trade the MNQ (micro mini Nasdaq) and the ES (mini SP) respectively.
You can compare and contrast their strategies, risks, and returns, and decide which one suits your trading goals better. All you need is a minimum account size of $10,000 for the MNQ system and $25,000 for the ES system.
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.

  • Trading Levels for Next Week

Daily Levels for August 28th, 2023
Would you like to receive daily support & resistance levels?
Yes
S
No
S

Weekly Levels

 

#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

7ea01673 3635 4992 9b37 7fc8f73cd2b4
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
39d49ed0 346f 4b10 9104 d8e0ce75b979

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.

Labor Day 2023 Holiday Schedule for CME / Globex and ICE Exchange

Posted on by Ilan

Labor Day 2023 Holiday Schedule for CME / Globex and ICE Exchange

Labor Day 2023

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Labor Day 2023 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Understanding Commodity Brokers, Futures Brokers, and Forex Brokers

Posted on by Cannon Operations

Learn more about commodity brokers at Cannon Trading Company here.

In the world of financial markets, traders rely on intermediaries known as brokers to facilitate their transactions and provide access to various assets and trading instruments. Commodity brokers, futures brokers, and forex brokers are key players in this ecosystem, each specializing in a specific type of trading. In this comprehensive guide, we will explore the roles of these brokers, highlight the differences between experienced and inexperienced futures brokers, compare futures brokers to commodity brokers and forex brokers, and delve into the exceptional services provided by Cannon Trading Company.

Commodity Brokers

Commodity brokers are professionals who facilitate trading in a wide range of physical commodities, such as agricultural products (grains, livestock), energy resources (crude oil, natural gas), and precious metals (gold, silver). They act as intermediaries between traders and the commodity exchanges where these products are bought and sold.

Services of Commodity Brokers:

  • Providing market information and analysis related to various commodities.
  • Facilitating the execution of buy and sell orders for commodities.
  • Assisting clients in managing risk through hedging strategies.
  • Offering insights into supply and demand dynamics that impact commodity prices.

Futures Broker

Futures brokers specialize in facilitating transactions involving futures contracts. Futures contracts are standardized agreements to buy or sell a specific quantity of an underlying asset at a predetermined price on a future date. These contracts are widely used for speculation, hedging, and risk management.

Differences Between Experienced and Inexperienced Futures Brokers:

  • Market Knowledge: Experienced futures brokers possess in-depth knowledge of the markets they serve, including factors influencing price movements. Inexperienced brokers might lack this expertise.
  • Risk Management: Skilled futures brokers help clients develop effective risk management strategies, such as setting stop-loss orders and position limits. Inexperienced brokers might overlook these critical aspects.
  • Execution Speed: Experienced brokers offer fast and efficient order execution, reducing the impact of slippage. Inexperienced brokers might struggle with timely execution.
  • Customer Support: Established brokers provide comprehensive customer support, addressing queries and concerns promptly. Inexperienced brokers might lack the resources to offer reliable support.

Forex Brokers

Forex brokers, also known as FX brokers or foreign exchange brokers, facilitate trading in the foreign exchange market. This market involves the exchange of currencies, where traders speculate on the price movements of one currency relative to another.

Services of Forex Brokers:

  • Offering access to a wide range of currency pairs for trading.
  • Providing trading platforms with real-time quotes, charting tools, and technical indicators.
  • Facilitating leveraged trading, allowing traders to control larger positions with a smaller amount of capital.
  • Offering different types of accounts suited to the needs of various traders.

Comparing Futures Brokers, Commodity Brokers, and Forex Brokers

  1. Asset Focus:
  • Futures Brokers: Specialize in facilitating futures contracts trading across various asset classes, including commodities, indices, and interest rates.
  • Commodity Brokers: Focus on facilitating trading in physical commodities and related derivatives.
  • Forex Brokers: Primarily cater to forex trading, allowing traders to speculate on currency exchange rate fluctuations.
  1. Trading Instruments:
  • Futures Brokers: Facilitate trading in standardized futures contracts based on commodities, financial indices, and other assets.
  • Commodity Brokers: Enable trading in physical commodities like agricultural products, energy resources, and metals.
  • Forex Brokers: Offer trading in currency pairs, allowing traders to profit from fluctuations in exchange rates
  1. Risk and Volatility:
  • Futures Brokers: Futures trading can involve significant leverage, leading to potential high profits or losses. Markets can be volatile.
  • Commodity Brokers: The prices of physical commodities are subject to supply and demand dynamics, as well as geopolitical events.
  • Forex Brokers: Forex markets can be highly volatile, with exchange rates influenced by economic indicators, geopolitical events, and central bank decisions.

Cannon Trading Company: Exceptional Customer Service and TrustPilot Rating

Cannon Trading Company stands out as a reputable brokerage firm that offers services in futures trading. Their commitment to providing outstanding customer service, along with their exceptional TrustPilot rating, underscores their dedication to the success and satisfaction of their clients.

  • Customer Service Excellence: Cannon Trading Company’s team of experienced brokers provides personalized support, market insights, and trading strategies to clients. Their expertise assists traders in making informed decisions and navigating the complexities of futures markets.
  • TrustPilot Rating: The brokerage firm boasts a remarkable TrustPilot rating of 4.9 out of 5 stars, demonstrating their consistent ability to meet and exceed customer expectations. This rating signifies the positive experiences clients have had with Cannon Trading Company’s services.

Commodity brokers, futures brokers, and forex brokers play distinct roles in facilitating trading in various financial markets. Futures brokers focus on futures contracts trading, commodity brokers specialize in facilitating commodity transactions, and forex brokers enable forex trading. The differences between experienced and inexperienced futures brokers emphasize the importance of knowledge, risk management, and customer support. Cannon Trading Company’s exceptional customer service and TrustPilot rating highlight the value of a brokerage partner that prioritizes client success and satisfaction, making them a top choice for futures traders.

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.

“Life outside the ES and NQ” + Levels for 8.25.23

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

Life outside the ES and NQ

You may recall that I have mentioned this topic before: Some clients find it hard to trade the mini NASDAQ or the mini S&P, among other contracts. My suggestion is to explore other markets and try them out on demo mode. You can trade these contracts in simulated trading and learn about their different personalities, what reports affect them, and how they behave. There are other markets that you can trade and day trade besides the mini S&P and the mini NASDAQ, which I personally like a lot.

I also follow gold, crude oil, treasury bonds, and the Bitcoin and Micro bitcoin futures. There are several other markets that are suitable for both day trading and swing trading, but I prefer to look for volume and liquidity.

Some of the grains (soybeans, wheat), meats (hogs and live cattle), and softs (coffee, cotton, sugar, and cocoa) can offer different opportunities and risks.

How do you get started? Contact one of our experienced brokers who can help you shorten the learning curve and provide you with some guidance.

 

Would you like to enable your own possible ALGO buy and sell signals on our FREE trading platform?

You an try it for yourself and see if you like the type of signals…..

TRY NOW – NO Credit Card Needed

94cf96ba 13ef 4bcc 931f 2faded58020f

 

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

08-25-2023

#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

 

8b236547 07ff 4eba 9e55 a0356e450273

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.

Utilize Smart ALGO for Possible Trades: Free Trial + Trading Levels for August 23rd 2023

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

PMI, home sales, crude oil numbers and NVIDIA earnings tomorrow!

Would you like to enable your own possible ALGO buy and sell signals on our FREE trading platform?

You an try it for yourself and see if you like the type of signals…..

TRY NOW – NO Credit Card Needed

94cf96ba 13ef 4bcc 931f 2faded58020f

 

 

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

08-23-2023

#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

75e1a88f 861c 433a ac11 7fb172f52e1b

 

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.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.