Daily Support & Resistance Levels

This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.

September 4, 2026
Trading Guide

CPI & PPI – Your Important Guide to Futures Trading for the Week of September 7th, 2026

7cfe5b36 db9f 4933 824a 7f264613e7fe

Cannon Futures Weekly Letter

In Today’s Issue #1306

  • The Week Ahead – PPI & CPI, Fed Balance, Black Sea

  • Labor Day Modified Schedule

  • Futures 102 – The Daily Briefing – What the Pros Know Before Trading

  • Feeder Cattle Chart & Outlook

  • Cannon Edge – Your Futures Trading Map for the week ahead!

  • Trading Levels for Next Week
  • Trading Reports for Next Week

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec. (#GC)

4350.13 4414.07 4475.93 4539.87 4601.73

Silver (SI)

— Dec. (#SI)

64.17 65.48 66.64 67.95 69.12

Crude Oil (CL)

— Oct. (#CL)

87.29 89.30 90.74 92.75 94.19

 Dec. Bonds (ZB)

— Dec. (#ZB)

107 26/32 108 7/32 108 20/32 109 1/32 109 14/32

What Futures Traders Should Watch This Week

PPI & CPI

cpi

By John Thorpe, Senior Broker

We have everything needed to move the markets next week as we do expect increased volatility from Government data releases, especially PPI, Thursday, September 10th. and CPI Friday September 11th before the cash market open. This, in addition to the lasting uncertainty in the Middle East.

On the earnings front, underpriced for a stock considered to be an AI stock; Adobe reports Thursday after the close.  The Grain Markets should see additionally volatility from the 11:00 am CDT WASDE report also on Friday September 11th.

Is the smoke intensifying in the Mid-East, Russia/Ukraine and the markets are continuing to react to a deepening sense of uncertainty?

The energy’s, metals, securities, grains and interest rates are swirling in the uncertainty from a lack of resolution in the attempted unwinding of the Iranian nuclear program.  And the grain markets have been genuflecting to the public conversations by Putin and the lack of facilities to ship this years harvest out of the black see region?.

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

  Plan your trade and trade your plan!

Earnings Next Week:

·        Mon. Labor Day Holiday Banks and Govt Offices Closed

·        Tue. Casey’s General Stores, ABM Industries

·        Wed. CoPart, Gamestop, American Eagle Outfitters

·        Thu. Adobe Systems

·        Fri.   Kroger

 

Fed Speakers: (all times CDT)

·        Mon. Labor Day Holiday

·        Tues.  Blackout Period

·        Wed. As the market awaits

·        Thu.  Sept. 16th Rate Decision and Presser

·        Fri.   Quiet

 

Econ Data:

·        Mon. Labor Day Holiday, Banks and Govt Offices Closed

·        Tue. Redbook (moved to Wednesday, this week only), ADP Weekly, Used Car Prices, Consumer Inflation Expectations, API Crude stock change (moved to Wednesday this week only),

·        Wed. ADP, Factory Orders, EIA Crude stocks change(Moved to 9am Thursday, this week only), Beige Book, API Crude stock change

·        Thu. PPI, Initial Jobless claims, Existing Home sales, EIA Nat Gas Stocks, EIA Crude Stocks change, Fed Balance sheet

·        Fri. CPI, Mich. Consumer Sentiment, WASDE, Baker Hughes Oil Rig Count

 

Get a daily market edge—support & resistance levels plus key market-moving insights.

In observance of the Labor Day Holiday, please click on image below for the holiday trading hours.

Friday, September 4th

·    Going into the long weekend, please ensure your accounts are fully margined going into close

Sunday, September 6th

·    Normal Open at 5:00 p.m. CT

·    Grains, Livestock and Softs will be closed

Monday, September 7th

·    Early close for CME Indices, Energies, Metals, and Interest Rates

·    Margins will be moved to 100% at 11:30 a.m. CT

be4ef83f 83c4 4d1f 8499 ee69272ab04d
1ab82322 3fe6 467c 8a06 58a08d52f845

Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that ( 100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing HERE and make sure to Bookmark this page!

October Feeder Cattle

October Feeder Cattle stabilized after completing the third downside PriceCount objective last month. Now, on the correction higher, the chart has activated upside counts with the first objective pointing to the 328.05 area.

Schedule a one on one consultation with a licensed series 3 broker HERE

a1ebfe56 316e 450d bdf4 234001e87e83

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.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & Much more!

Highly recommended for HEDGERS!

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for Sept. 7th 2026

29488000 4082 4d7e 8e47 850b7ce19426

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

  • Current price and daily % change
  • 30‑day and 52‑week highs/lows
  • PROPRIETARY Short‑term and long‑term trend signals
  • Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Would you like to get weekly updates on real-time, results of

Automated trading systems ?

Daily Levels for Sept. 7th 2026

26d6d8f6 e35b 425d a180 e71d5e1e2ee9

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

6ca234de 94a5 408a b5b2 c497e2835917

Find us on Trustpilot

4ad8134c aa57 4adb a428 7cc476773107

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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

S
Facebook  Instagram  LinkedIn
S
ef3ab1c9 8d6d 4e60 a3f1 af5d9d4ecbb3

Services

Software

Tools

Community

Contact

By Cannon Operations « Back to All Posts