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Tag: Discount Futures

Fed Chair Testimony Tomorrow & Support and Resistance Levels 1.11.2021

Posted on by Ilan
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More than a few FED Personnel will be talking tomorrow which can move the markets at times. Please see insight by my colleague John Thorpe, Senior Broker below:

Fed Chair Testimony tomorrow morning , 10:00 a.m. EST Tomorrow , January 11th, Jerome Powell will be speaking at 10:00 a.m. EST Before the Committee on Banking, Housing, and Urban Affairs in the U.S. Senate , Prepare yourselves and trading accounts for statements designed to provide calm in lieu of the recent market turbulence. The difficulty for Powell, unlike his recent speech about the Fed minutes, which is written ahead of time, is this “testimony” will be ad lib. My belief is the markets will react more intensely to Chairman Powell’s testimony than the volatility we saw during the January 5th minutes of the December 14-15 2021 policy meeting. Markets have been traveling largely in one direction since that moment in time. Equity indices lower, Bonds and notes lower, Metals lower, food stuffs lower.. Be careful during this time frame and expect unexpected market reactions in many of the markets we are trading during his nomination testimony.

 

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

01-11-2022

Futures Support and Resistance Levels 1.10.2022

 


Economic Reports, Source: 

https://bettertrader.co/ 

Better Trader Economic Indicators 1.11.2022

 

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.

Soybean Future Trading Daily Chart & Futures Support and Resistance Levels 1.27.2021

Posted on by Ilan

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Dear Traders,

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The difference between yesterday and today is one of the strongest contrasts I have seen!
The market went from driving at 180 MPH, erratically…to driving 25 MPH, obeying all the speed bumps.
Was it news headlines yesterday? Lack of news today? Did market participants get tired? Are you prepared for future trading?
Normally volatility will go in waves and now from 100% to 10% in one day.
If one could only forecast volatility, would make ones trading life much easier.
Speaking of volatility, FOMC tomorrow along with Crude Oil numbers before that and a few more reports.
Know what news are coming, which ones affect the markets you trade.
While I touch base quite often on ES, NQ and other stock indices, I also like to follow other markets. Some are better for shorter term trading some are better for swing or longer term etc. future
trading predictions really depends on how they are performing. One of these markets, soybeans futures. Daily chart below. Click for larger Image.
Future Trading

Good Future Trading

Trading Futures, Options on Future Trading, 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

1-27-2021

Futures Support and Resistance Levels 1.27.2021 / Future Trading

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Reports 1.27.2021 / Future Trading

 

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.

Futures Trading Levels for January 5th, 2021

Posted on by Ilan

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

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If the first trading day of 2021 is any indication of the year to come….Better fasten your seatbelts!!
Thank you for choosing Cannon during this challenging year. We look forward to continuing to provide you with excellent service in 2021 and wish you a healthy, successful year ahead
mini russell 2000 chart
RTY chart for January 5th 2021
RTY = Mini Russell 2000 has been a leading indicator in my opinion for direction of stock index futures past few months.
Will be interesting to see if the sell off today was a start of a trend reversal or just risk hedging ahead of Georgia tomorrow. As usual in trading, few hours/ few days will tell the story….
If you like access to the ALGOS shown in the chart, click here.
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 when it comes to Futures Trading.

 

Futures Trading Levels

January 5th 2021

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Economic Reports, source: 

 www.BetterTrader.co

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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.

New Years 2020 Holiday Trading Schedule, Bitcoin Futures Chart & Support and Resistance Levels 12.29.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

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Cannon Trading wishes you a very Happy Holiday Season! Thank you for choosing Cannon during this challenging year. We look forward to continuing to provide you with excellent service in 2021
New Years Holiday Futures Trading Schedule 2020
Bitcoin Weekly Chart for your review below:
Bitcoin Weekly Futures Chart December 28, 2020

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 when it comes to Futures Trading.

 

Futures Trading Levels

12-29-2020

 

Futures Support & Resistance Levels December 29, 2020

Economic Reports, source: 

 www.BetterTrader.co

Better Trader Future Reports December 29, 2020

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Crude Oil Bullish? & Support and Resistance Levels 12.17.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

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We are entering the last 2 weeks of 2020.
The last two weeks of December can at times be very choppy as many larger traders/ institutions take the time off. However, this year with COVID, things might be different…..
In between a look at Crude Oil Futures daily chart. Crude has been showing some bullish signs past couple of weeks, possible levels on the chart below.
crudeOil12162020

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 when it comes to Futures Trading.

 

Futures Trading Levels

12-17-2020

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Economic Reports, source: 

 www.BetterTrader.co

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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.

Sugar Futures Daily Chart Review & Futures Levels 12.08.2020

Posted on by Ilan

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

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Get Real Time updates and market alerts on Twitter!
Sugar daily chart below. Sugar futures have good volume and in my opinion are a good market for swing trading type of activity.
Sugar is traded on ICE so real-time quotes are not as easily obtained.
Sugar futures got a little sweeter these past few weeks, mainly due to US$ weakness.
Current levels to try an evaluate if this pullback is a pullback or more…
1413 is next major support basis the March Contract.
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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 when it comes to Futures Trading.

 

Futures Trading Levels

12-08-2020

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Economic Reports, source: 

 www.BetterTrader.co

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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.