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What Futures Traders Should Watch This Week PLUS: Cannon Edge Snapshot, June 10 Year Treasury Bonds, Edvardus Breakout Gold Trading System, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of March 23rd, 2026

Posted on March 20, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1283

The Week Ahead – Volatility!
Futures 102 – New, Exciting Tools for Cannon’s Clients!
Cannon Edge – Your Futures trading Map for the week ahead!
Hot Market of the Week – June 10 Year Notes
Broker’s Trading System of the Week – Gold Swing Trading System
Trading Levels for Next Week
Trading Reports for Next Week

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4312.80	4407.00	4572.60	4666.80	4832.40
Silver (SI) — May. (#SI)	63.25	65.65	70.13	72.53	77.01
Crude Oil (CL) — April. (#CL)	90.01	93.83	96.29	100.11	102.57
June Bonds (ZB) — June. (#ZB)	110 23/32	111 19/32	113 5/32	114 1/32	115 19/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

futures traders

Light, Earnings and Economic data next week. There are a few fed speakers, Miran, Cook and Jefferson of consequence. Barr is on the supervision side.

The IRAN War continues, speculation leads the volatility.

When the markets open Sunday night, you may want to take a peek.

Post‑FOMC Positioning, Quarter‑End Flows, and Roll Activity

Markets enter the final full trading week of March following last week’s FOMC meeting, with traders now shifting focus from policy uncertainty to post‑decision positioning, quarter‑end flows, and contract roll dynamics.

With the Fed having concluded its March meeting and left rates unchanged, attention turns to how equities, rates, and commodities digest the updated economic projections and forward guidance. [federalreserve.gov]

From a futures perspective, roll activity is beginning to accelerate, particularly in equity index products as volume gradually migrates toward June contracts. Traders should be mindful of changing liquidity profiles as front‑month contracts approach expiration later this week. [futures.aeromir.com]

Energy, Agriculture, and Input Costs Remain in Focus

Energy markets continue to be influenced by supply‑side uncertainty and geopolitical risk, with crude oil and refined products remaining historically volatile. Natural gas traders are also watching late‑season storage data and production levels as winter demand winds down and injection season approaches.

In agriculture, inputs and fertilizers remain an important secondary theme. Urea and fertilizer contracts at the CME have seen elevated interest as global supply concerns intersect with seasonal demand from North American producers.

These products, along with traditional grain and biofuel markets such as corn, soybeans, and soybean oil, continue to offer opportunities for spread trading, calendar structures, and relative‑value strategies in liquid markets. [forex.trad…charts.com]

As always, traders should consider both outright and spread‑based approaches depending on volatility and margin considerations.

June (M6) is Front Month

Equity indices, treasuries, currencies and other contracts are now being traded on June (M)

For platform guidance, here is a brief video on how to change contracts on CannonX (CQG/StoneX):

https://www.youtube.com/watch?v=AzeOgBa5HwA

Earnings Next Week:

· Mon. Quiet

· Tue. GameStop, KB Home

· Wed. PDD, Cintas, PayChex

· Thu. Commercial Metals

· Fri. Carnival

FED SPEECHES: (all times CST)

· Mon. quiet

· Tues. Barr 3:30 P.M.

· Wed. Miran 1:15 p.m.

· Thu. Cook 1:00 pm, Miran 3:30 PM, Jefferson 4:00 PM, Barr 4:10 PM

· Fri. Daly 8:30 am

Econ Data: (all times CST)

· Mon. CHGO Fed Nat’l Activity Index.

· Tue. ADP Weekly, Redbook, Non-Farm Productivity Q4, Global PMI, Richmond Fed, API Crude Stock Change

· Wed. EIA Crude stocks,

· Thu. Initial Jobless claims, Nat Gas Stocks, KC Fed Index, Fed Balance Sheet

· Fri. Mich. Consumer Sentiment, GDP, Personal Income, Baker Hughes Rig Count, Retail inventories

We’ll see you next week.

Please enjoy a safe and memorable weekend.

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.

From the morning calls at Goldman Sachs and JPMorgan, to the independent macro voices moving markets, to the reporters who break desk leaks first — it’s all here, every day, in plain language.

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 from March 20th 2026 HERE

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for March 23rd, 2026

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.

Hot Market of the Week

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.

Free Trial Available

June 10 Year Treasury Bonds

The June 10 Year Treasury Bonds have broken down into a new contract low where the chart is taking aim at its first downside PriceCount objective to the 110^02 area.

Learn more spreads and seasonal patterns in commodity futures HERE

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.

Brokers Trading System of the Week

Edvardus – Breakout Gold Trading System SID#:3528

***Past performance may not be necessarily indicative of future results.

To learn more about this system, contact 800-454-9572 / 310-859-9572 or info@cannontrading.com .

This system is available for the 100 OZ gold contract and results below are based on the 100 oz contract – However, you can trade the same system logic and execution with the 10 Oz contract going as low as one micro gold which is 1/10 of the large contract.

System Description

Market Sector: Metals

Markets Traded: GC , MGC

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $60,000/ $6,000

Developer Fee per contract: $300.00/ $30 Monthly Subscription

System Description:

Edvardus Breakout GOLD is a breakout swing trading strategy. It has passed robustness testing such as walk-forward analysis.

Get Started

Learn More

Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

System Trades Disclosure:

System Description

“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.

Actual Monthly Performance

The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract. If a client trades 2 contracts his gain or loss is twice as displayed (and so on).

This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results.

The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE. This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital.

Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you.

Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system.

While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket.

THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.

This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition.

In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees. It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report.

This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.

You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Yes

No

Daily Levels for March 23rd, 2026

Would you like to receive daily support & resistance levels?

Yes

Trading Reports for Next Week

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

www.mrci.com

Find us on Trustpilot

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.

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CPI February Out Tomorrow! PLUS: November Soybeans, CannonEdge Snapshot, Levels, Reports; Your 4 Important Useful Can’t-Miss Need-To-Knows for Trading Futures on March 11th, 2026

Posted on March 10, 2026 by Cannon Operations

Energy Markets and the Inflationary Benchmark, CPI

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5072.20	5138.90	5193.80	5260.50	5315.40
Silver (SI) — May. (#SI)	85.06	86.89	88.64	90.47	92.22
Crude Oil (CL) — April. (#CL)	70.19	78.41	84.94	93.16	99.69
June Bonds (ZB) — June. (#ZB)	115 3/32	115 15/32	116 4/32	116 16/32	117 5/32

CPI February Tomorrow Morning!

cpi

The Consumer Price Index for February is released tomorrow morning. Although the Fed (rate decision next week) would rather pin their forecasts and create decisions based on the Core PCE, the CPI has created much more market volatility than Core PCE ever has.

Why CPI moves markets more

Timing: CPI hits about two weeks before PCE, so CPI effectively becomes the market’s first look at monthly inflation; PCE is treated more like a “revision” unless it sharply contradicts CPI.
Habit and coordination: Most traders and media still frame “inflation day” around CPI, so liquidity, positioning, and optionality cluster around that release, reinforcing CPI’s impact despite the Fed’s formal preference for PCE.
Headline profile: CPI typically runs a bit higher than PCE (about 0.4 percentage points on average since 2000), which can make surprises feel more acute and headline‑worthy.
Policy signal vs. tradable catalyst: The Fed leans on PCE because of its broader coverage and more frequently updated weights, but markets prioritize “flawed data now” over “better data later” and trade the earlier CPI release more aggressively.

Practical trading takeaway

For short‑term index, vol, and USD trades, CPI is typically the higher‑octane event: implied and realized vol around the release are generally higher, and positioning is more crowded into CPI Day.
PCE still matters for repricing the path of Fed policy, especially if it diverges meaningfully from CPI, but its average impact on realized equity volatility is smaller and more conditional on surprise magnitude.

While the Iran War and many other geopolitical genuflections effect the perception of supply shortages, energy prices experienced extreme volatility by exploding higher over the last week followed by a severe retracement to date, economists say February’s CPI data was collected before the start of the conflict and won’t reflect the surge in energy prices.

The data generating this release of the CPI is from before the recent conflict in the Middle East broke out, so it’s not going to give us a whole lot of information on how prices are starting to respond to that. That’s going to be a March and April dynamic.

Graphical representations of the recent historical relationships Between CPI and Core CPI then CPI and Core PCE are below.

Plan your trades and trade your plans

Cannon Edge for March 11th

Introducing Cannon Edge — Your Daily Futures Snapshot Above

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

November Soybeans

The rally in November Soybeans came close enough to satisfy the third upside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. At this point, IF the chart can resume its move with new sustained highs, we are left with the low percentage fourth count to aim for in the $13.68 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for March 11th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Find us on Trustpilot

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Iran & The Markets PLUS: March Dollar Index, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on March 4th, 2026

Posted on March 3, 2026 by Cannon Operations

Iran & The Markets

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4780.13	4944.47	5169.33	5333.67	5558.53
Silver (SI) — Mar. (#SI)	70.59	76.66	84.13	90.20	97.68
Crude Oil (CL) — April. (#CL)	66.59	70.33	74.16	77.90	81.73
Mar. Bonds (ZB) — Mar. (#ZB)	116	116 20/32	117 4/32	117 24/32	118 8/32

Equities get legs on back-to-back days.

iran

After a strong case that can be made for the S&P index completing the Elliot Wave 5^th wave that began in November, the 6750 .00 price level has, so far, proven to be resilient. In the face of global uncertainty, it seems inertia has levitated the index just when it looked like the price was going to breakdown and violate the 200 day moving average on a closing basis in the mid 6700’s.

On each of the past two days, the index has rallied off it’s early session lows, flirting with the MA.

Crude Oil and energy by-products on a run to the upside

As of March 3, 2026,

The Strait of Hormuz is currently in a state of de facto closure. While it remains technically and legally open as an international waterway, it is effectively impassable for most commercial shipping due to extreme security risks and the withdrawal of insurance coverage.

On Truth Social, Pres. Trump recently addressed this “If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible.

No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come,” in a retort to the IRGC threatening to attack any ship in the strait, hours before.

Current Status & Conflicting Claims

Iran’s Position: Senior officials from Iran’s Islamic Revolutionary Guard Corps (IRGC) officially declared the strait “closed” on March 2, 2026. They have issued radio warnings stating they will “set ablaze” any ship attempting to cross.
U.S. Position: U.S. Central Command (CENTCOM) continues to maintain that the strait is not closed and remains a protected international waterway.
Operational Reality: Despite the legal dispute, maritime traffic has slowed to a crawl. Major shipping firms like Hapag-Lloyd, CMA CGM, and MSC have suspended all transits through the region to protect their crews and vessels.

Key Factors Driving the Disruption

Insurance Withdrawal: Most maritime insurers have withdrawn war-risk coverage for the Persian Gulf, making it economically unviable for ship owners to enter the area.
Physical Attacks: Several tankers have reportedly been struck or damaged by Iranian fire and drone attacks over the past few days, leading to a “critical” risk assessment for the region.
Global Impact: Approximately 20% of global oil and gas supply passes through this chokepoint. The current disruption has caused a sharp spike in energy prices, with Brent crude opening significantly higher this week.
Diplomatic Pressure: China, the largest importer of oil passing through the strait, is reportedly pressuring Iran to keep the waterway open to safeguard its energy security.

Response:

OPEC’s main response so far has been to signal a modest production increase while publicly downplaying panic about supply, even as members leave room to adjust if the crisis worsens.

Production decisions

OPEC+ has agreed to boost output quotas by about 206,000 barrels per day starting in April, a slightly larger hike than the earlier plan of roughly 137,000 bpd.
The group frames this as a continuation of its gradual unwinding of past cuts, not an emergency surge, and says it retains “flexibility” to change the pace depending on market conditions.

Official messaging

In public statements and leaks via delegates, OPEC+ cites a “steady” global economic outlook and “healthy” market fundamentals, avoiding direct reference to the Iran war even though the timing is clearly linked.
Key Gulf producers have warned privately that military action against Iran could push prices above 100 dollars, signaling to Washington and others that the conflict poses serious risks despite the small quota hike.

Constraints and limits

Analysts note that only a few members (mainly Saudi Arabia and the UAE) hold significant spare capacity, so any OPEC+ increase beyond a couple of hundred thousand bpd would be hard to deliver in practice.
Several experts argue the announced 206,000 bpd increase cannot fully offset a prolonged disruption through the Strait of Hormuz, since the main bottleneck is now logistics and transit risk rather than wellhead production.

Practical behavior by key members

Saudi Arabia, Iraq, Kuwait, and the UAE had already been nudging exports higher in the run‑up to and immediately after the strikes, anticipating tighter balances and higher prices.
Russia and other members in the voluntary “V8” subgroup joined the announced adjustment, signaling a coordinated move to show responsiveness without flooding the market.

Plan your trades and trade your plans

Cannon Edge for March 4th

Introducing Cannon Edge — Your Daily Futures Snapshot Above

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

March Dollar Index

The March US Dollar Index has broken out above the February highs and activated upside PriceCount objectives while also negating the remaining unmet downside counts. The chart is completing its first objective to the 99.67 area. From here, the rally will have to contend with the fall highs but further strength would project a possible run to the second count in the 101.20 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for March 4th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Geopolitical Volatility dominating the markets PLUS: April Heating Oil, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on March 3rd, 2026

Posted on March 2, 2026 by Cannon Operations

Volatility Roars Back up!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5189.77	5267.83	5350.97	5429.03	5512.17
Silver (SI) — Mar. (#SI)	80.83	85.51	91.41	96.09	101.98
Crude Oil (CL) — April. (#CL)	65.91	68.76	72.04	74.89	78.17
Mar. Bonds (ZB) — Mar. (#ZB)	116	116 23/32	117 31/32	118 22/32	119 30/32

Volatility: Geopolitical risk is the dominant driver

volatility

Escalating conflict between the U.S./Israel and Iran has already pushed equity futures lower and lifted crude oil. Reports indicate coordinated strikes, Iranian retaliation, and potential disruption in the Strait of Hormuz, which handles roughly 20% of global oil and 23% of global LNG flows. Brent crude has already jumped, and analysts warn that sustained disruption could push prices toward $90–$100.

What this means for traders:

Expect elevated volatility in CL, RB, NG, and energy-linked equities.
Watch for gap risk in overnight sessions.
Safe‑haven flows may support GC and DX.

Equity index futures are under pressure

S&P 500, Dow, and Nasdaq futures all opened the week lower, with the Dow down over 1% and Nasdaq nearly 0.92% in early trading. Tech remains a focal point as Nvidia and other mega‑caps show weakness after a strong run.

Key volatility catalysts tomorrow:

Broadcom (AVGO) earnings
Apple product announcements
Ongoing tech rotation and volatility
Market reaction to geopolitical headlines

Macro data: NFP week sets the tone

Friday’s Non‑Farm Payrolls report is the week’s anchor, especially after January’s surprise 130K print. Markets may trade cautiously ahead of the release, with rate‑cut expectations shifting intraday based on data and Fed commentary.

Implications:

ES and NQ may see two‑way volatility.
Bond futures (ZN, ZB) could experience sharp repricing.
Dollar Index (DX) may firm as traders reduce short exposure.

COT positioning shows divergence across commodities

The latest CFTC Commitment of Traders report highlights a split in sentiment:

Silver: Large speculators have cut net‑long exposure to a near two‑year low, stepping away from the rally rather than chasing it .
WTI Crude: Net‑long exposure among large specs is at an eight‑month high, reinforcing bullish bias in crude futures .
Gold: Positioning remains steady, suggesting no aggressive directional conviction yet .

Trading takeaway:

Expect metals to trade more on macro/geopolitical headlines, while crude may see trend continuation if supply fears escalate.

Volatility: What traders should focus on tomorrow

Overnight geopolitical headlines — these will dictate the tone at the open.
Energy markets — crude volatility likely remains elevated – watch for news flash RE the Straits of Hurmuz.
Tech earnings and rotation — AVGO, NVDA, AAPL influence NQ heavily.
Rate expectations — any data surprise can move ZN/ZB and spill into ES.
Positioning extremes — especially in silver and crude.

Cannon Edge — Your Daily Futures Snapshot for 03.03.2026 Below

Cannon Edge — Your Daily Futures Snapshot

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.

April Heating Oil

April Heating Oil gapped into a new contract high. The rally is approaching its fourth upside PriceCount objective to the 3.10 area which should be enough to satisfy this phase of the bull market.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for March 3rd, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Find us on Trustpilot

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

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Premium TradingView Indicators PLUS: Intraday Indicator Examples, April Crude Oil, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 20th, 2026

Posted on February 19, 2026 by Cannon Operations

Unlock Your Edge with Premium TradingView Indicators

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4939.33	4978.47	5010.63	5049.77	5081.93
Silver (SI) — Mar. (#SI)	74.87	76.54	77.97	79.64	81.08
Crude Oil (CL) — April. (#CL)	64.07	65.38	66.08	67.39	68.09
Mar. Bonds (ZB) — Mar. (#ZB)	117 2/32	117 12/32	117 18/32	117 28/32	118 2/32

Unlock Your Edge with Premium TradingView Indicators

tradingview

Ready to level up your trading game? Our proprietary indicator suite is now available on TradingView—designed for traders who want clarity, precision, and confidence.

✅ 5 custom-built studies powered by mathematical algorithms

✅ Works on any market, any timeframe

✅ Includes early trend and counter-trend signals

✅ Plug-and-play setup—no coding required

✅ Full access to concept explanations and usage tips

Whether you’re day trading or swing trading, these tools can help you spot high-probability setups and avoid common traps – an example of the way signals look below!

Try them FREE and see why serious traders trust our edge.

Above is an intraday Gold chart from this morning, showcasing how our indicators plot signals in real time:

Green triangles → potential buy setups
Red triangles → potential sell setups
Green squares → possible exit for a short and/or an aggressive counter‑trend buy
Red squares → possible exit for a long and/or an aggressive counter‑trend short

…and much more built into the logic behind the scenes.

These visual cues are designed to help traders quickly interpret momentum shifts, trend strength, and potential reversal zones—without clutter or guesswork.

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

April Crude Oil

April Crude Oil has resumed its rally into a new high which has the chart approaching its third upside PriceCount objective to the 67.22 area which is consistent with a challenge of the contract high from last summer. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. IF we can sustain further upside we would be left with the low percentage fourth count to aim for near $80.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for February 20th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Government Shutdown Looming PLUS: Core PCE, Chicago – KC Wheat Spread, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures this Presidents’ Day Weekend 2026

Posted on February 13, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1278

The Week Ahead – Core PCE, Earnings, Pres. Day Schedule
Futures 101 – Trading Signals AVAILABLE on TradingView!
Cannon Edge – Your Futures trading Map for the week ahead!
Hot Market of the Week – March KC- Chicago Wheat Spread
Broker’s Trading System of the Week – NQ Day Trading System
Trading Levels for Next Week
Trading Reports for Next Week

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4848.17	4951.23	5010.17	5113.23	5172.17
Silver (SI) — Mar. (#SI)	71.13	74.04	76.65	79.56	82.17
Crude Oil (CL) — Mar. (#CL)	61.61	62.21	62.73	63.33	63.85
Mar. Bonds (ZB) — Mar. (#ZB)	116 18/32	117 5/32	117 18/32	118 5/32	118 18/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

shutdown

We may come in Monday with a partial government shutdown for the third time in 5 months.

By the way, Presidents Day Monday the financial markets will only be open for a portion of the day and the Ag markets will be closed. Please see the schedule below for trading hours.

Highlights next week will include FOMC minutes, 7 fed speakers, and 4298 earnings reports (significant earnings listed below as well)

DHS runs out of money Friday night, the 13^th of Feb.

This time around, FEMA, TSA, ICE, CPB the Coast Guard will not be funded as all agencies are part and parcel of the Department of Homeland Security. The same faction that wanted to defund the police want to defund ICE .Probabilities increased for a stalemate as of this writing, Senators are leaving D.C. for the holiday weekend per U.S. News.

What will air travel in the U.S. Look like without paid TSA employees? What will National Security look like without paid CPB or ICE agents. Secret Service employees also fall under DHS. How will the markets react?

It certainly looks like we’ll be seeing quite a bit of action in the markets next week shutdown or not. We have quite a few economic data points in addition to Energy numbers, for the Natural Gas and Crude markets released the same day, Thursday, rather than Wed. and Thursday.

We’ll see you next week! Please enjoy a safe and memorable weekend.

Earnings Next Week:

· Mon. Presidents Day Holiday

· Tue. Palo Alto Networks, Cadence Design Systems, Republic Services, Vulcan Materials (construction)

· Wed. Booking Holdings, Analog Devices, DoorDash, Moody’s, Occidental Petrol

· Thu. Walmart, Newmont Mining, Deere and Co., Constellation Energy,

· Fri. Warner Brothers.

FED SPEECHES: (all times CST)

· Mon. Bowman, 7:25 am

· Tues. Barr, 11:45 am

· Wed. Bowman 12 noon

· Thu. Bostic 7:20 am, Bowman 7:30 am, Kashkari 8:00 am

· Fri. Jefferson 11:00 am

Econ Data: (all times CST)

· Mon. Presidents Day Holiday

· Tue. NY Empire MFG Index.,Redbook YoY, NAHB Hsg Mkt Index,

· Wed. ADP emp. Change, Bldg Permits, Housing Starts Durable Goods, Ind. Prod, FED MINUTES

· Thu. Jobless claims, Nat Gas Stocks, and Crude Stocks, Philly Fed, Pending Home Sales

· Fri. Core PCE, GDP, Consumer Sentiment, New Home Sales Baker Hughes Rig count

President’s Day (Mon, Feb 16th) Holiday Trading Schedule:

Interest Rates

Sunday – 5:00 PM CT Open

Monday – 12:00 PM CT Halt

5:00 PM CT Re-Open

Energy

Sunday – 5:00 PM CT Open

Monday – 1:30 PM CT Halt

5:00 PM CT Re-Open

Equities

Sunday – 5:00 PM CT Open

Monday – 12:00 PM CT Halt

5:00 PM CT Re-Open

Grains

Sunday – Closed

Monday – Closed

5:00 PM CT Re-Open

FX

Sunday – 5:00 PM CT Open

Monday – 4:00 PM CT Close

5:00 PM CT Re-Open

Metals

Sunday – 5:00 PM CT Open

Monday – 1.30 PM CT Halt

5:00 PM CT Re-Open

Livestock

Monday – Closed

Tuesday 8:30 AM CT Re-Open

Cryptocurrencies

Sunday – 5:00 PM CT Open

Monday – 4:00 PM CT Close

5:00 PM CT Re-Open

Sugar, Coffee, Cotton, Cocoa, FCOJ

Monday – Closed

Tuesday – Regular Hours

Canola

Monday – Closed

Tuesday – Regular Hours

U.S. Dollar Index

Monday – Regular Hours

Plug in Trading Signals on TradingView!

We are excited to offer our exclusive TradingView indicators and algos to you with a special 3-week free trial—no credit card required. Experience the power of our private, invite-only tools designed to enhance your trading decisions and performance. Don’t miss this limited-time opportunity to try them risk-free and see the difference for yourself. Sign up today to get started!

Introducing Cannon Edge — Your Daily Futures Snapshot

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.

Hot Market of the Week

Free Trial Available

March KC – Chicago Wheat Spread

The March KC – Chicago wheat spread extended its slide to a new low and satisfied the first downside PriceCount objective. It would be normal for the chart to react from this level in the form of a near term consolidation or corrective trade. If we can sustain further weakness, the second count would project a possible break to the -9 area. A trade below the December reactionary low would formally negate the remaining unmet upside counts.

Learn more spreads and seasonal patterns in commodity futures HERE

Learn more at www.qtchartoftheday.com

Brokers Trading System of the Week

Abacus Raider Xtreme Trading System

System Description

Market Sector: Stock Indexes

Markets Traded: NQ ,

System Type: Day Trading

Suggested Capital: $9,500

Developer Fee per contract: $175.00 Monthly Subscription

System Description:

A day trading system currently traded by the developer who has 15+ years’ experience. It is based on the successful Abacus Raider NQ system but expanded significantly to generate an average of 15-25 trades a month. By utilizing negative correlations between positions, a low level of capital requirement is retained but with greatly increased profit potential over time. All trades are strictly limited to a duration of only a few minutes to minimize risk and provide an unparalleled risk/reward profile. The system is available in the NQ market only (no MNQ).

Get Started

Learn More

System Trades Disclosure:

System Description

Actual Monthly Performance

If a client trades 2 contracts his gain or loss is twice as displayed (and so on). This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor. Past trade history may not be indicative of future results.

Important Information About this Trading System Analysis

This trading system, like any other, may involve an inappropriate level of risk for prospective investors.

THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only.

All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report. This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein.

CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

Futures Trading Disclaimer:

A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position.

If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

Would you like to get weekly updates on real-time, results of systems mentioned above?

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Daily Levels for Feb. 16-17th 2026

Would you like to receive daily support & resistance 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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Futures Trading this Week PLUS: May Soybean Oil, New Crypto and Bitcoin Contracts, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on February 10th, 2026

Posted on February 9, 2026February 9, 2026 by Cannon Operations

The Week Ahead for Futures Traders!

By Eli Gal Levy, Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4943.73	5021.37	5066.23	5143.87	5188.73
Silver (SI) — Mar. (#SI)	76.11	79.77	81.77	85.43	87.43
Crude Oil (CL) — Mar. (#CL)	61.69	63.03	63.95	62.29	66.21
Mar. Bonds (ZB) — Mar. (#ZB)	114 17/32	115	115 11/32	115 26/32	116 5/32

Futures Markets: The Week Ahead

futures

Dow, S&P 500 Equal Weight Hit Fresh All-Time Highs, supported by money rotation away from non-tech areas of the market. Selling pressure accelerated, particularly in areas of the market associated with the software industry and cryptocurrency which translates to “risk off”. Money rotated into other areas of the market viewed as relative value/safety play.

Several sectors hit fresh all-time highs this week, such as industrials, materials, energy, and consumer staples, and the S&P Equal Weight index hit a fresh all-time high.

Earnings reports continued to pour in this week, and the eye-popping hikes in capital expenditure *(CapEx) budgets from hyperscalers Google & Amazon generated a lot of buzz this week.

The spending hikes signal confidence in AI, healthy demand, and suggest that the AI infrastructure buildout still has more room to run out of the 291 S&P 500 companies that have reported results, 65% have beat on the top line while 79% have beat on the bottom line.

Revenue growth has been +9.25% year-over-year while EPS growth is tracking at 13.64%. FactSet is currently forecasting blended Q4 EPS growth for the SPX to be approximately 11.9-12.1%, while 2026 EPS growth is expected to be ~14.3-15.0%.

It’s encouraging to see fresh all-time highs in the Dow and S&P Equal Weight indices. On the other hand, ask yourself whether Fridays sharp bounce-back in higher risk areas of the market, like software and crypto, is a legitimate signal of capitulation/seller exhaustion, or whether it’s a short-term oversold bounce that will give in to more selling pressure next week. It’s impossible to know now only time will tell.

We also saw deterioration in labor market data, though markets didn’t seem to react negatively to that news. We’ll get monthly jobs report Wednesday, if payrolls come in well below estimates, or unemployment makes a notable jump, will markets be able to shrug that off?

DOW above 50K; Every sell the news on MAG 7 stocks was absorbed with buying in heavy industrials, financials and value, we saw leadership in staples. If you look at the broad economy stocks such as FedX the stock is up 25% for the year. The market is pointing that it believes that will get a spring higher in broad earnings growth and were gonna run a hot economy. The question is whether the market priced that in yet or not.

RSI, was at 20 for Gold, Silver, MSFT, ORCL, PLTR. We saw the bottom for now the question is what happens with this rally and how to play it?

What happened in the futures commodity markets this week

Oil prices were volatile: Earlier in the week Brent and WTI crude climbed sharply (~3%) on heightened Middle East geopolitical risk as U.S.–Iran tensions flared, with markets pricing potential supply disruptions near the Strait of Hormuz. This supported energy futures mid-week.
Then prices slid: As geopolitical tensions temporarily eased, crude futures pulled back from those gains later in the week.
Natural gas futures softened: The broader commodity dashboard shows natural gas trading lower on the week, reflecting a pullback from recent volatility.

Precious Metals

Silver weakness: Silver futures saw a sharp downturn (~15% on a single session) as investors exited hard assets amid reduced geopolitical risk and a firmer dollar.
Gold also pulled back: Gold retraced from recent rally highs, though it remains elevated compared with earlier in the year.

Agriculture Futures

Soybeans held strong: U.S. soybean futures extended gains to multi-month highs on Chinese demand optimism, helping grains show relative strength.
Corn & wheat mixed: Corn and winter wheat prices faded or traded softer after earlier strength.

Risk Management Is Paramount

Elevated volatility and margin requirement hikes in metals underscore the importance of robust risk management.
Strong price moves can trigger forced liquidations — especially in leveraged futures accounts.
Client action: Encourage stop-loss discipline, volatility-adjusted position sizing.

Fundamentals Remain Mixed Across Sectors

Agriculture trades are influenced by seasonal demand, weather, and global supply dynamics — not just macro data. Seasonal patterns are still key catalysts.
Natural gas and energy transition metals continue to offer divergent fundamentals vs. crude — they don’t always move together.
Client action: Avoid one-size-fits-all commodity themes; analyze sector–specific fundamentals (weather, export demand, policy drivers).

Stay ahead of the curve by following our YouTube channel https://www.youtube.com/@Cannontrading and Facebook page, (20+) Cannon Trading Company Group | Facebook where we are posting frequent video updates to help you navigate the commodity markets.

Software stocks were down big with Anthropic’s recent software news triggered a massive sell-off because their new tools, specifically Claude Cowork, shifted AI from a “writing assistant” to an autonomous agent capable of replacing specialized software. The IGV software ETF is down 24%, I hear analysts saying when companies will report that they are increasing their buy backs that may mark a bottom. the Relative Strength Index hit 14.

My takeaway from this report and the effects it had on software stocks is that ”we need to be ready that at any moment there scan suddenly be breakthrough that will break something and devalue a particular sector”.

On the AI front for 2026, Google and Amazon have announced record-breaking increases in capital expenditures (Capex) to fuel the AI race, largely for data centers and infrastructure. Amazon: Projected to spend $200 billion in 2026, representing a 50.6% increase over its $131.8 billion spend in 2025.

Google (Alphabet): Projected to spend between $175 billion and $185 billion in 2026, effectively doubling (97%–100%+ increase) its 2025 spend of approximately $91.4 billion. Various industries that should benefit from this spend, power companies, data centers grid & the consumer.

The total amount of capx from last year and the next 2 years anticipated from the hyperscalers is around 2 trillion $, which is almost exactly as much market cap that the market lost in software sector since the high in October.

Key Drivers of the Yield Drop. The yield decline was concentrated on Thursday, February 5, after several economic data points suggested the labor market might be cooling faster than expected. Today Monday Feb 8, we saw Bloomberg News report; China urges banks to curb US Treasuries exposure.

The US dollar: scott Bessent said on TV “are we doing the things to create a strong backdrop for the dollar; our tax policy, our trade policy, our deregulatory policy, our energy policy, reasserting our sovereignty in critical minerals are we making the US the best place for capital in the world.

Bitcoin, which was around $83,000 last Friday, hit $60,000 earlier this morning but is snapping back towards $70,000 today. Does fridays “risk on” bounce signal that we hit a capitulation extreme in software/crypto and the near-term low is in place? Of course that’s a possibility, but it’s too early to be sure. Bitcoin: there was a report on CNBC that around 40% of spot bitcoin ETF holders are underwater. There was roughly $1.3 billion in net outflows last week.

AMZN went down 50% 8 times in its first 15 years of existence. Volatility is the name of the game.

Technical Analysis:

$COMP & NDX fell through support this week and the near-term outlook is questionable. Concerned of a bearish confirmation in the $COMP and NDX, meaning that the indices continue to move higher early next week but encounter resistance at the underside of the 100-day SMA or some other resistance level and turn lower; this is technically called a bearish “pullback”. Should that occur, this could broadly dampen investor sentiment, and the selling could spill over into the overall market.

You can view the charts am fallowing this week at – https://www.youtube.com/@Cannontrading

The standout this week is the rollover in market breadth on the CCMP, which has been occurring due to the carnage in software-related companies. Compared to last Friday’s, the SPX breadth declined to 63.44% from 67.27% and the CCMP sank to 43.05% from 48.51%, while the RUT eased to 63.4% from 64.77%.

Economic reports:

Monday (Feb. 9): no reports
Tuesday (Feb. 10): Business Inventories, Employment Cost Index, Export Prices ex-ag, Factory Orders, Import Prices, Retail Sales
Wednesday (Feb. 11): Nonfarm Payrolls, Average Hourly Earnings, Average Workweek, Unemployment Rate, EIA Crude Oil Inventories, MBA Mortgage Applications Index, Treasury Budget
Thursday (Feb. 12): Producer Price Index (PPI), Continuing Claims, EIA Natural Gas Inventories, Existing Home Sales, Initial Claims
Friday (Feb. 13): Consumer Price Index (CPI)

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions and other financial instruments involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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. I am registered solely as a commodities broker. Any references, recommendations & information contained in this article are of opinion only, should not be considered investment advice. And do not guarantee any profits.

Name	Exchange	Class	Exchange Symbol	CQG Symbol	Size
nano XRP	Coinbase	Crypto	XRP	XRP	500 XRP
XRP	Coinbase	Crypto	XRL	XRL	10,000 XRP
nano XRP Perp-Style	Coinbase	Crypto	XPP	XPP	500 XRP
nano Solana	Coinbase	Crypto	SOL	SOL	5 Solana
nano Solana Perp-Style	Coinbase	Crypto	SLP	SLP	5 Solana
Solana	Coinbase	Crypto	SLC	SLC	100 Solana
nano Ether Perp-Style	Coinbase	Crypto	ETP	ETP	0.1 Ethereum
Ether	Coinbase	Crypto	ETI	ETI	10 Ethereum
nano Ether	Coinbase	Crypto	ET	NET	0.1 Ethereum
nano Bitcoin	Coinbase	Crypto	BIT	BIT	0.01 Bitcoin
nano Bitcoin Perp-Style	Coinbase	Crypto	BIP	BIP	0.01 Bitcoin

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

May Soybean Oil

May bean oil is extending its rally into a new contract high. The rally has left us extremely overbought and due for a short‑term correction. At this point, if the chart can sustain further strength, we are left with the low‑percentage fourth PriceCount objective to aim for in the 60 area which is consistent with the target on the weekly chart.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for February 10th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Find us on Trustpilot

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Weekly Market Update PLUS: First Notice/Last Trading Days, CannonEdge, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 3rd, 2026

Posted on February 2, 2026 by Cannon Operations

Weekly Outlook Ahead!

By Gal Levy, Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4868.80	4926.60	4959.00	5016.80	5049.20
Silver (SI) — Mar. (#SI)	93.95	98.46	100.73	105.23	107.50
Crude Oil (CL) — Mar. (#CL)	58.93	60.09	60.67	61.83	62.41
Mar. Bonds (ZB) — Mar. (#ZB)	114 22/32	115 2/32	115 11/32	115 23/32	116

Overnight moves in metals, crude oil, natural gas and other markets were quite extreme!

weekly market

We suspect that with the Iran situation, govt. shutdown, metals volatility – we will see more of that the rest of the week.

Risk management becomes just as important if not more than the actual directional bias of the market.

Weekly Market update:

Trump picks Kevin Warsh to lead the US Federal Reserve. The Warsh nomination triggered a jump in the dollar. Warsh was appointed by President George W. Bush as Fed governor from 2006-2011 and is considered a Wall Street veteran due to his time at Morgan Stanley.

Last year Warsh warned that U.S. fiscal policy was on a “dangerous trajectory” due to “irresponsible spending” and called for “regime change” at the Federal Reserve. Analysts have characterized Warsh as a practical pick who is less dovish than some of the other candidates, though he may be in favor of some near-term cuts.

Stock Indices

We had a volatile week, with a heavy flow of earnings. Both indices SPX & NASDAQ rallied for the first half of the week, then gave it all back during the back half of the week. The Cboe Volatility index (VIX) ramped up and nearly hit 20 on an intraday basis yesterday, following a post-earnings tech-fueled sell-off.

My takeaway from this week volatility and the fact that metals such as Gold and Silver were hit hard leads me to believe were at Risk Off mode until proven otherwise. I may be wrong as I always say there are two sides to a coin. Will see how all this develops, in the meantime traders will enjoy the volatility and these price swings as long as they use proper risk management. I will be looking at –

Earnings and economic reports.
Geopolitical issues
When will the market test the new FED chairman

S&P 500 companies reported earnings this week, and the results continued to convey a healthy economy. Out of the 165 S&P 500 companies that have reported results, 60% have beat on the top line while 79% have beat on the bottom line. Revenue growth has been +7.43% year-over-year while earnings-per-share (EPS) growth is tracking at 15.31%, though we are only one-third of the way through the earnings season. For reference, FactSet is currently forecasting 8.2% EPS growth in Q4 for the entire S&P 500.

Federal Reserve conducted one of its two-day Federal Open Market Committee (FOMC) meetings this week, though it really didn’t contain any surprises. As expected, rates were left unchanged, and Chairman Jerome Powell conveyed that monetary policy remains near an appropriate level given the firm economy. Of course, their view is subject to change based on future data.

Trading in silver options surpassed NASDAQ options this week. On Friday Silver fell over 31% and Gold 11%. Crashes usually happen due to margin calls and forced selling. The 50 Day moving average is sitting at $74 and the 200 day moving average is sitting at $48.46. Platinum and palladium also ended the day down double digits on the day.

Kith Lerner downgraded Gold on Thursday stating reason was Gold traded 40% above its 200 day moving average that’s the most extended since the 80’s. Silver was up 60% for the month, and was more than 140% above its 200 day moving average. Silver broke out from $55.

Bitcoin is trading around 78 thousand.

READ THE REST ALONG WITH CHARTS AND MORE HERE

Day trading margins vary among clearing firms / FCM’s. If needed, contact your Cannon Trading Co. broker for specifics.

Name	Exchange	Class	Exchange Symbol	CQG Symbol	Size
nano XRP	Coinbase	Crypto	XRP	XRP	500 XRP
XRP	Coinbase	Crypto	XRL	XRL	10,000 XRP
nano XRP Perp-Style	Coinbase	Crypto	XPP	XPP	500 XRP
nano Solana	Coinbase	Crypto	SOL	SOL	5 Solana
nano Solana Perp-Style	Coinbase	Crypto	SLP	SLP	5 Solana
Solana	Coinbase	Crypto	SLC	SLC	100 Solana
nano Ether Perp-Style	Coinbase	Crypto	ETP	ETP	0.1 Ethereum
Ether	Coinbase	Crypto	ETI	ETI	10 Ethereum
nano Ether	Coinbase	Crypto	ET	NET	0.1 Ethereum
nano Bitcoin	Coinbase	Crypto	BIT	BIT	0.01 Bitcoin
nano Bitcoin Perp-Style	Coinbase	Crypto	BIP	BIP	0.01 Bitcoin

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

Learn more at www.qtchartoftheday.com

Daily Levels for February 3rd, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Find us on Trustpilot

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

NFP out amidst the possibility of government shutdown PLUS: New Crypto and Gold Contracts, March Wheat, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of February 2nd, 2026

Posted on January 30, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1276

The Week Ahead – NFP, Iran, Govt. Shutdown?
Futures 101 – XRP, Solana, 1 ounce Gold & More are Now Available on CannonX
Cannon Edge – Your Futures trading Map for the week ahead!
Hot Market of the Week – March Wheat
Broker’s Trading System of the Week – SP500 Swing Trading System
Trading Levels for Next Week
Trading Reports for Next Week

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4868.80	4926.60	4959.00	5016.80	5049.20
Silver (SI) — Mar. (#SI)	93.95	98.46	100.73	105.23	107.50
Crude Oil (CL) — Mar. (#CL)	58.93	60.09	60.67	61.83	62.41
Mar. Bonds (ZB) — Mar. (#ZB)	114 22/32	115 2/32	115 11/32	115 23/32	116

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

The Week Ahead: NFP amidst a possible government shutdown

We may come in Monday with a government shutdown for the second time in 4 months. Probabilities increased for a stalemate as of this writing, Friday noon eastern after the funding deals stall in the Senate per U.S. News.

It certainly looks like we’ll be seeing quite a bit of action in the markets next week shutdown or not. We have quite a few economic data points in addition to Non-Farm Payrolls (NFP) out the first Friday of every month.

Fed Speakers are back as well. Re: the Fed, of note, in a surprise move, the market was expecting President Trump to appoint as the next Fed Chair a Dove to the seat, President Trump appointed Kevin Warsh, a Stanford Economist considered to be a hawk on inflation. (precious metals sell-off?). 7318 earnings reports.

We’ll see you next week! Please enjoy a safe and memorable weekend.

Earnings Next Week:

· Mon. Palantir, Disney, Mitsui, NXP Semiconductors

· Tue. AMD, Merck, NovoNordisk, Pepsi, Amgen, Pfizer

· Wed. Alphabet, Ili Lilly, Novartis, Shell, Uber, Qualcomm, CME Group

· Thu. Amazon, Unilever, Conoco Phillips, KKR, ICE Exchange,

· Fri. Exxon Mobil, Chevron, AMEX, Verizon, Charter Communications

FED SPEECHES: (all times CST)

· Mon. Bostic 11:25 am

· Tues. Barkin 7:00 am

· Wed. Cook 4:30 PM

· Thu. Bostic 9:50 am

· Fri. Jefferson 11:00 am

Econ Data: (all times CST)

· Mon. ISM Mfg., Treasury Refunding Estimates

· Tue. Redbook YoY, JOLTS,

· Wed. ADP emp. Change, Treasury Refunding Announcement, ISM Svcs. PMI, EIA Crude stocks.

· Thu. Jobless claims, Nat Gas Stocks,

· Fri. NFP, Mich. Consumer Sentiment, Baker Hughes Rig count

Review below some Crypto contracts and new gold contracts!

Name	Exchange	Class	Exchange Symbol	CannonX Symbol	Liquidity
1-oz. Gold	CME	1 Troy Ounce	1OZ	M1OZ	Very liquid: 10’s of thousands of contracts per day
10-oz. Gold	CME	10 Troy Ounces	MGC	MGC	Extremely liquid: 100’s of thousands of contracts per day
XRP	CME	50,000 XRP	XRP	GXRP	Illiquid: less than 1000 contracts per day
Micro XRP	CME	2,500 XRP	MXP	GMXP	Moderately liquid: 1,000-5,000 contracts per day
XRP	CoinBase	10,000 XRP	XRP	XRL	Looks extremely liquid: CoinBase XRP Price Page
Solana	CME	500 SOL	SOL	SLC	Moderately liquid: 1,000-5,000 contracts per day: CME Solana Vol. & Open Int.
Micro Solana	CME	25 SOL	MSL		Moderately liquid: 1,000-5,000 contracts per day: CME Micro Solana Vol. & Open Int.

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

Hot Market of the Week

Free Trial Available

March Wheat

The recovery rally in March Wheat is approaching the first upside PriceCount objective to the $5.47 area. It would be normal to get a reaction from this level in the form of a consolidation or corrective trade. IF the chart can sustain further upside, the second count would project a potential run to the $5.63 area.

Brokers Trading System of the Week

Abacus Upside ES Trading System

Market Sector: indices

Markets Traded: ES- Mini SP500

System Type: Swing Trading

Risk per Trade: varies

System Description: An ES swing trading system currently traded by the developer who has 15+ years’ experience. All stock indexes trend upwards over the long term but with some significant daily declines and occasional longer bear markets. The system seeks to take advantage of this bias by actively entering on those days when the upside probability is increased whilst filtering out as many downward movements as possible.

The system logic has historically been very effective in achieving this outcome in both normal rising markets and by catching the frequent upward “bounce” days in more volatile periods. It trades long only and relatively frequently but generally only holds positions for 1-2 days. For greater diversity and smoother returns trade this system with: (1) Abacus Raider NQ; and/or (2) Abacus Momentum.

Broker’s Suggested Capital: $28,000

Developer Fee per contract: $175.00 Monthly Subscription

Get Started

Learn More

System Trades Disclosure:

System Description

Actual Monthly Performance

The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor.

Past trade history may not be indicative of future results. The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE.

This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital. Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss.

In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Futures Trading Disclaimer:

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Daily Levels for Feb. 2nd, 2026

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Trading Reports for Next Week

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

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Gold goes Volatile PLUS: Energies and Stock Indices, March Crude Oil, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on January 30th, 2026

Posted on January 29, 2026 by Cannon Operations

Higher Volatility in Metals, Energies and Stock Indices

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4893.63	5162.07	5394.43	5662.87	5895.23
Silver (SI) — Mar. (#SI)	99.83	108.22	155.00	123.40	130.18
Crude Oil (CL) — Mar. (#CL)	61.86	63.63	65.06	66.83	68.26
Mar. Bonds (ZB) — Mar. (#ZB)	114 9/32	114 22/32	115	115 13/32	115 23/32

The metals markets delivered another jolt today, with silver swinging more than $75,000 per contract in just 90 minutes (see intraday chart below!) a reminder of how extreme volatility has become across the board.

Gold

gold

Gold followed with outsized ranges of its own, while equity index futures continue to show elevated intraday volatility as we approach month‑end and T‑1 settlement flows. Add in renewed geopolitical tension between Iran and the U.S., and energy markets are pricing in risk premiums that can shift in minutes, not hours.

Volatility

In an environment like this, opportunity is real—but so is the danger. Traders must prioritize the risk side of the equation, from position sizing to stop discipline to understanding how quickly leveraged products can move.

Day trading margins vary among clearing firms / FCM’s. If needed, contact your Cannon Trading Co. broker for specifics.

Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

March Crude Oil

March crude oil is satisfying the second upside PriceCount objective. It would be normal to get a near term reaction around this level in the form of a consolidation or corrective trade. From here, IF the chart can sustain further gains the third count would project a possible run to the 67.88 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 30th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Cannon Futures Weekly Letter

In Today’s Issue #1283

The Week Ahead – Volatility!

Futures 102 – New, Exciting Tools for Cannon’s Clients!

Cannon Edge – Your Futures trading Map for the week ahead!

Hot Market of the Week – June 10 Year Notes

Broker’s Trading System of the Week – Gold Swing Trading System

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

June Bonds (ZB)

What Futures Traders Should Watch This Week

Post‑FOMC Positioning, Quarter‑End Flows, and Roll Activity

Energy, Agriculture, and Input Costs Remain in Focus

June (M6) is Front Month

Earnings Next Week:

FED SPEECHES: (all times CST)

Econ Data: (all times CST)

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.

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for March 23rd, 2026

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

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

Hot Market of the Week

June 10 Year Treasury Bonds

Learn more at www.qtchartoftheday.com

Brokers Trading System of the Week

Edvardus – Breakout Gold Trading System SID#:3528

To learn more about this system, contact 800-454-9572 / 310-859-9572 or info@cannontrading.com .

System Description

System Description:

System Trades Disclosure:

System Description

Actual Monthly Performance

Important Information About this Trading System Analysis

Futures Trading Disclaimer:

Would you like to get weekly updates on real-time, results of systems mentioned above?

Daily Levels for March 23rd, 2026

Find us on Trustpilot

Energy Markets and the Inflationary Benchmark, CPI

By John Thorpe, Senior Broker

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

June Bonds (ZB)

CPI February Tomorrow Morning!

Why CPI moves markets more

Practical trading takeaway

Graphical representations of the recent historical relationships Between CPI and Core CPI then CPI and Core PCE are below.

Plan your trades and trade your plans

Cannon Edge for March 11th

Introducing Cannon Edge — Your Daily Futures Snapshot Above

November Soybeans

Daily Levels for March 11th, 2026

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Iran & The Markets

By John Thorpe, Senior Broker

At-a-Glance Levels

Gold (GC)

Silver (SI)