Support & Resistance Levels

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

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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
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  • 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!
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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

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?
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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

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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.

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

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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.

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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

 

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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.

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

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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.

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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

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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.

Trading Week Ahead: What to Watch Out For + Levels 8.22.2023

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

 The Week ahead: Earnings Blowout! or Blow UP?

by John Thorpe, Senior Broker

 

With over 500 companies reporting earnings this week it is near the end of the reporting season. The market will focus Wednesday on the elephant in the room, Nvidia (NVDA Nasdaq).

The boom in Nvidia’s AI-focused business has increased more than 200% year to date, giving it a $1.1 trillion market valuation. Watch for the NQU23 to dance around in a range until AFTER Wednesday’s cash market close.

EPA Estimates are +$2.07 . future guidance will be big for the “internet Index” as AI has been leading the way and Nvidia is the leading GPU maker in the space.

BUT WAIT! that’s not all for the week,  it’s time for the Annual “Jackson Hole” conference, a 3 day meeting of top bankers and the FED.

Friday morning @ 10:00am CDT Jerome Powell will set the tone with a speech that could provide a case for the Feds next Fed Rate decision September 20-21st. This is an important meeting next month as it also sets projections by the FED members for GDP, Unemployment rate, Inflation for each year 2023,2024 and 2025.

Watch for increased volatility in the stock indices the last half of the week!

 

 

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.

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Futures Trading Levels

08-22-2023

#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

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.

Trading Crude Oil Futures: Strategies, Techniques, and Considerations

Posted on by Cannon Operations

Learn more about trading crude oil futures with Cannon Trading Company here.

Trading crude oil futures is a dynamic and potentially lucrative endeavor that requires a deep understanding of the energy markets, technical analysis, risk management, and trading strategies. In this comprehensive guide, we will delve into the world of crude oil futures trading, focusing on a specific type of crude oil, discussing relevant exchanges, exploring day trading techniques for futures, and touching on techniques for trading crude oil options on futures. Additionally, we will highlight the services of Cannon Trading Company, known for their customer service excellence and high TrustPilot rating.

Understanding Crude Oil Futures Trading

Crude oil is a crucial global commodity that not only fuels economies but also presents trading opportunities for individuals and institutions. Crude oil futures contracts allow traders to speculate on the price movements of oil, whether they anticipate its price to rise (go long) or fall (go short). Futures contracts provide a standardized way to buy or sell a specific quantity of crude oil at a predetermined price on a future date.

Types of Crude Oil: When trading crude oil futures, it’s important to consider the different types of crude oil. West Texas Intermediate (WTI) and Brent crude are two of the most widely traded types. WTI is primarily produced in the United States and is known for its relatively low sulfur content. Brent crude, on the other hand, is sourced from the North Sea and is considered a global benchmark for oil prices.

Exchanges for Crude Oil Futures: Crude oil futures are traded on various exchanges around the world, with the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) being two prominent ones. NYMEX offers WTI crude oil futures, while ICE provides Brent crude oil futures. These exchanges provide liquidity, price discovery, and a platform for traders to engage in both speculation and risk management.

Day Trading Techniques for Crude Oil Futures

Day trading involves opening and closing positions within the same trading day, capitalizing on short-term price movements. Trading crude oil futures using day trading techniques requires discipline, a solid strategy, and an understanding of market dynamics.

  1. Technical Analysis: Day traders often rely on technical analysis, using indicators such as moving averages, MACD, RSI, and candlestick patterns to identify entry and exit points. Price charts and patterns can provide insights into potential price movements.
  2. Volatility Analysis: Crude oil markets can be highly volatile, presenting both opportunities and risks. Traders can use tools like the Average True Range (ATR) to gauge volatility and adjust their position sizing and stop-loss levels accordingly.
  3. News and Events: Economic and geopolitical news can significantly impact oil prices. Day traders should stay informed about major events, such as OPEC meetings, inventory reports, and geopolitical tensions, to anticipate potential price swings.
  4. Scalping and Momentum Strategies: Scalping involves making quick trades to capture small price movements, while momentum strategies capitalize on trends. These techniques require quick decision-making and a keen understanding of price momentum.
  5. Risk Management: Effective risk management is crucial in day trading. Setting stop-loss orders, defining maximum loss thresholds, and managing position sizes can help traders protect their capital.

Trading Crude Oil Options on Futures

Options on futures provide traders with the right, but not the obligation, to buy or sell a futures contract at a specific price (strike price) on or before a certain date (expiration date). Trading crude oil options on futures allows for more flexibility and risk management.

  1. Hedging Strategies: Crude oil options can be used for hedging purposes, allowing producers and consumers to protect themselves against price fluctuations. For example, a crude oil producer can purchase put options to hedge against a potential price decline.
  2. Directional Strategies: Traders can also use options to speculate on the future price direction of crude oil. Buying call options can provide exposure to potential price increases, while buying put options can provide exposure to potential price decreases.
  3. Spread Strategies: Option spreads involve trading multiple options contracts simultaneously to capitalize on price differentials. Calendar spreads and vertical spreads are common strategies that can be used to take advantage of volatility or time decay.
  4. Implied Volatility Considerations: Implied volatility reflects the market’s expectation of future price volatility. Traders should be aware of implied volatility levels, as it can impact option prices. High implied volatility may make options more expensive.

Cannon Trading Company: Customer Service and TrustPilot Rating

Cannon Trading Company is a brokerage firm known for its services in facilitating various types of trading, including crude oil futures and options on futures. The company’s commitment to customer service plays a crucial role in assisting traders as they navigate the complexities of the commodities markets.

Customer Service Excellence: Cannon Trading Company prides itself on providing exceptional customer service. Their experienced brokers offer personalized assistance, market insights, and trading strategies to help clients make informed decisions.

TrustPilot Rating: The company’s high TrustPilot rating of 4.9 out of 5 stars is a testament to its dedication to customer satisfaction. TrustPilot is a platform where customers can share their experiences with businesses. Such a high rating indicates that customers have found value in Cannon Trading Company’s services and have had positive interactions with their team.

Trading crude oil futures presents opportunities for both institutional and individual traders to capitalize on the volatility and price movements in the energy markets. Understanding the nuances of different crude oil types, utilizing relevant exchanges, and employing effective day trading techniques can help traders navigate this complex market. Moreover, trading options on crude oil futures offers additional strategies for risk management and speculation. As exemplified by Cannon Trading Company’s customer service and high TrustPilot rating, choosing the right brokerage partner can enhance the trading experience and provide valuable support to traders of all levels.

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.

Cannon Trading: Empowering Traders with the Lowest Futures Day Trading Margins

Posted on by Cannon Operations

Read more about low day trading margins through Cannon Trading Company here.

In the fast-paced realm of futures and commodities trading, securing the lowest day trading margins can make all the difference. Enter Cannon Trading, a pioneering name in the industry renowned for providing traders with the competitive edge they need. Offering the lowest futures day trading margins available, Cannon Trading empowers traders to explore opportunities and navigate the markets confidently and responsibly.

Unveiling the Power of Low Margins

Cannon Trading’s commitment to its clients is evident in its revolutionary approach to day trading margins. By providing the lowest futures day trading margins available, the company enables traders to stretch their investment capital further and enhance their trading potential. This strategic advantage is a game-changer, especially in a landscape where quick decisions and rapid executions are key.

Advantages of Low Day Trading Margins

  1. Increased Leverage: With low day trading margins, traders can access greater leverage, enabling them to control larger positions with a smaller amount of capital. This magnifies potential profits and allows traders to capitalize on market movements effectively.
  2. Enhanced Risk Management: Low margins not only boost potential gains but also aid in risk management. Traders can allocate their capital more efficiently across multiple trades, reducing the impact of losses and safeguarding their investment.
  3. Exploiting Intraday Opportunities: Intraday traders thrive on swift and nimble executions. Low day trading margins facilitate the quick movements required for capturing short-term market opportunities, enhancing traders’ ability to profit from fluctuations.
  4. Diversification Potential: Lower margins mean traders can diversify their portfolio across various futures and commodities, spreading risk and potentially reaping rewards from different market sectors.

Why Choose Cannon Trading for Low Margins?

  1. Proven Track Record: With a history of excellence spanning decades, Cannon Trading has established itself as a reliable and reputable broker in the industry. The company’s commitment to transparency and client satisfaction is unwavering.
  2. Customized Solutions: Cannon Trading understands that each trader’s needs are unique. The company works closely with clients to tailor trading solutions that align with their objectives, risk tolerance, and trading style.
  3. Cutting-edge Technology: Equipped with advanced trading platforms, Cannon Trading provides traders with the tools they need for accurate analysis, efficient execution, and responsible management of their trades.
  4. Responsive Support: Cannon Trading’s experienced support team is available to address inquiries, provide guidance, and assist trading on call.

Cannon Trading’s provision of the lowest futures day trading margins marks it as an industry leader dedicated to its clients’ success. By offering increased leverage, enhanced risk management, and the ability to exploit intraday opportunities, the company empowers traders to thrive in the dynamic world of futures and commodities trading. Choosing Cannon Trading means equipping oneself with a strategic advantage that can turn market volatility into opportunity.

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: Rate Futures Trading Contest + Levels for August 21st

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1159

 

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

In this issue:

  • Trading Resource of the Week – Rate Futures Trading Contest!
  • Hot Market of the Week – December Bean Oil
  • Broker’s Trading System of the Week – Micro NQ and ES Trading Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Trading Resource of the Week – : Simulated Trading Contest with Real Cash Prizes!!

Sign up to win up to $2500 in cash prize and practice your rate futures trading skills ( bonds, ten years, 5 years etc.)

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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 soybean oil slowed its rally last months against the fall high and corrected. Now, the chart has recovered and is poised for another challenge of the fall and July highs. If we can break out to the upside with new sustained highs, we have a first upside PriceCount projection to the 68.51 area to aim for.
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

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 21st, 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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Weekly Levels

 

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  • Trading Reports for Next Week

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.

Utilize Smart ALGO for Possible Trades: Free Trial + Trading Levels for August 18th 2023

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

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

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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.

Futures Trading Levels

08-18-2023

#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.

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.