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

Gold Futures: Exploring Trading Strategies, Global Producers, and Cannon Trading Company as a Trusted Partner

Posted on by Cannon Operations

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

Gold, often referred to as the “king of metals,” has captivated humanity for centuries due to its intrinsic value and enduring allure. Trading gold futures provides investors and traders a unique opportunity to engage with this precious metal, speculate on its price movements, and manage risk. In this comprehensive exploration, we will delve into top gold-producing countries, major central bank holders of gold, the gold standard, gold’s role as a safe haven, arbitrage trading of gold between global exchanges, and the significant role of Cannon Trading Company as a premier commodity broker. Moreover, we will discuss how Cannon Trading’s top-rated status on TrustPilot cements its position as a reliable partner for futures traders and hedgers, especially when it comes to hedging gold prices.

Top Gold Producers Around the World

Several countries have established themselves as major players in gold production. Some of the top gold-producing nations include China, Australia, Russia, and the United States. These countries boast vast gold reserves and have a significant influence on global supply and pricing dynamics.

Top Central Bank Holders of Gold Bars

Central banks, often seen as guardians of a nation’s wealth, hold significant reserves of gold. Some of the top central banks that hold substantial gold reserves include the United States Federal Reserve, the European Central Bank, and the central banks of countries like Germany and Italy. These gold reserves not only contribute to a nation’s financial stability but also underline the enduring value of gold as a store of wealth.

The Gold Standard and Gold as a Safe Haven

The gold standard, a monetary system where the value of a country’s currency is directly linked to a specific quantity of gold, played a crucial role in global finance until the 20th century. While it is no longer the basis of the global monetary system, gold continues to be regarded as a safe haven asset. During times of economic uncertainty, political turmoil, or market volatility, investors often turn to gold as a means of preserving value and diversifying their portfolios.

Arbitrage Trading of Gold Between Global Exchanges

Arbitrage involves exploiting price discrepancies for the same asset on different markets. In the context of gold, traders can engage in arbitrage by simultaneously buying and selling gold on different exchanges to profit from price differentials. This practice requires quick execution and often sophisticated trading systems, as market inefficiencies are swiftly corrected due to high liquidity and advanced technology.

Cannon Trading Company: A Trusted Partner for Gold Futures

Cannon Trading Company stands as a reliable and experienced commodity broker, offering traders access to a wide range of futures markets, including gold. With decades of industry expertise, Cannon Trading Company provides traders with the necessary tools, insights, and platforms to navigate the complexities of gold futures trading. The company’s commitment to client satisfaction is underscored by its top-rated status on TrustPilot, a platform for customer reviews.

TrustPilot Rating and Cannon Trading’s Reputation

TrustPilot serves as a testament to Cannon Trading Company’s dedication to client service and satisfaction. The platform allows clients to share their experiences, highlighting attributes such as exceptional customer support, competitive pricing, user-friendly trading platforms, and reliable execution. A high TrustPilot rating reflects Cannon Trading’s track record of delivering on its promises and ensuring traders have the resources they need to succeed in the complex world of commodities trading.

Hedging Your Gold Portfolio

Hedging is a strategy employed by investors to mitigate potential losses by taking an offsetting position. In the context of gold, investors can use gold futures contracts to hedge against adverse price movements. For instance, a gold producer concerned about a potential decline in gold prices can enter into futures contracts to sell gold at a predetermined price. If prices indeed fall, the loss on the physical gold sale can be offset by gains in the futures contract.

Gold futures trading offers participants a pathway to engage with one of the most coveted precious metals in the world. The diverse roles of gold, from its historical association with the gold standard to its contemporary status as a safe haven asset, make it a fascinating and complex commodity to trade. Cannon Trading Company’s expertise and top-rated TrustPilot status make it a trusted partner for traders and hedgers seeking to navigate the intricacies of gold futures trading and effectively manage their portfolios. As gold’s timeless appeal continues to captivate markets and investors alike, futures trading remains a dynamic avenue for those seeking to harness its potential.

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 Sept. 1st 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, September 1st 2023

by Ilan Levy-Mayer, VP

  1. NFP is tomorrow! Non Farm Payrolls also known as employment numbers. Big report regardless, even bigger impact of this one after the fed’s words in Jackson Hole. This is a market moving event and we expect high volatility, right before, during and right after.
  2. ISM will be released 90 minutes after the NFP!
  3. Tomorrow is the first day of Q4 as well as the Friday before Labor Day, expect higher volatility than normal.
  4. Labor day is here, see modified trading schedule HERE

 

 

Plan your trade and trade your plan

78289951 d29b 4054 813f 98bfe47d9b7d

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

09-01-2023

#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

4058ce24 64a1 42ff 8aa1 e56fba5be98b

 

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.

What You Need to Know if you are Trading Futures on Aug 31st 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 31st 2023

by Mark O’Brien, Senior Broker

 

General: 

 

Once again, we’re a couple of days away from the Labor Dept.’s release of its monthly Non-farm payrolls report – widely considered one of the most important and influential measures of the U.S. economy.  The report is released at 7:30 A.M., Central Time on the first Friday of the month.

 

The annual Jackson Hole Symposium concluded last week and Federal Reserve Chair Jerome Powell declared further interest rate increases are not off the table.  Even with higher loan rates making it harder to afford a car or a home or for businesses to finance expansion the economy is still growing.  Core inflation (excluding volatile food and energy prices) remains elevated, consumers keep spending briskly and hiring continues with the U.S. employment rate still around 50-year lows.  Chair Powell hewed to the Fed’s commitment to data dependance: the Central Bank “will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data.”

 

Softs: 

 

Five trading sessions and a ±two-cent ($2,240) move up later, March ’24 sugar futures are once again threatening to break above 26 cents / lb., matching sugar’s 10-yr. highs. And life-of-contract highs for the March ’24 contract.

 

After a brief let-up including a weighty single-day ±24-cent ($3,600) intraday drop from its highs on Aug. 17th, Nov. orange juice rebounded and closed today at a new all-time high of $3.29.20 per pound.

 

Labor day is almost here, see modified trading schedule HERE

Plan your trade and trade your plan

78289951 d29b 4054 813f 98bfe47d9b7d

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

08-31-2023

 

#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

 

19d94d14 d29a 4b99 a6c9 9ae754fd9f32

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.

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.

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.