Trading during War PLUS: NFP, Do Retreating Precious Metals Prices Offer a Buying Opportunity? CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of March 30th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1284

  • The Week Ahead – War, NFP, Good Friday!

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

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

  • Hot Market of the Week – Precious Metals Recent Lows = Opportunity or Risk?

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

At-a-Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— April (#GC)

4323.23 4430.57 4507.93 4615.27 4692.63

Silver (SI)

— May. (#SI)

65.40 67.70 69.74 72.03 74.07

Crude Oil (CL)

— April. (#CL)

89.06 94.5 97.52 102.96 105.98

 June Bonds (ZB)

— June. (#ZB)

111 4/32 111 24/32 112 10/32 112 30/32 113 16/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

war

A loaded, shortened trading week. Non-Farm Payrolls on an exchange Holiday morning (CME Equities close @ 8:15 am; the report drops at 7:30 am CDT, energies and metals will not be open). The End of Q2, Chairman J. Powell speaks Monday early. AG Prospective plantings (this is a big one), Heavy Data, light earnings. Passover and plenty of fed speeches prior to the Good Friday-Easter weekend.

The IRAN War continues, speculation leads the volatility.

Historically, the second quarter (Q2: April–June) does tend to behave differently from the other quarters, but not in a dramatic or perfectly reliable way. There is a mild seasonal pattern in U.S. stocks, especially in the S&P 500, but it’s weaker than many people expect.

Average performance by quarter (long-term)

Using historical S&P 500 data since 1950:

  • Q1 (Jan–Mar): solid average returns
  • Q2 (Apr–Jun): usually positive but weaker
  • Q3 (Jul–Sep): typically the weakest and most volatile
  • Q4 (Oct–Dec): historically the strongest quarter

A simplified long-term pattern looks like:

Quarter

Typical relative strength

Q1

Strong

Q2

Moderate

Q3

Weakest

Q4

Strongest

Why Q2 often looks different

Several recurring factors affect April–June:

1. “Sell in May and go away”

This old market saying comes from a real seasonal tendency:

  • Returns from May–October have historically been lower than November–April.
  • Q2 contains May and June, which are often softer months on average.

2. Earnings and macro cycle timing

  • Q1 earnings season (April) can boost early Q2.
  • But the market often becomes more cautious later in the quarter as:
  • guidance is updated
  • macro data (inflation, Fed outlook) becomes clearer
  • This sometimes causes mid-year consolidations or corrections.

3. Investor behavior and liquidity

  • Summer vacation season begins late in Q2.
  • Lower trading volumes can lead to:
  • slower rallies
  • or sharper volatility when surprises hit.

But the key reality: differences are small

Even though these patterns exist:

  • Each quarter still has positive average returns over long periods.
  • The spread between quarters is only a few percentage points per year.
  • In any given year, macro events (Fed policy, recessions, AI booms, etc.) dominate seasonality.

For example, some of the strongest bull markets saw:

  • huge gains in Q2 during economic recoveries
  • and some crashes began in Q1 or Q3 instead.

Bottom line

Yes, Q2 is somewhat distinct:

  • usually not as strong as Q4
  • often better than Q3
  • but still positive on average

So, seasonality exists, but it’s a weak statistical tendency—not a trading rule you can rely on alone.

 Simple takeaway

The seasonal pattern often looks like:

Strong → Moderate → Weak → Strong

Q1 ██████

Q2 ████

Q3 ██

Q4 ███████

But this is only a statistical tendency, not a rule. In many years the strongest quarter can be Q2 or Q3 depending on macro events, earnings cycles, and interest rates.

 Earnings Next Week:

·        Mon. Quiet

·        Tue. Nike

·        Wed. Quiet

·        Thu.  Quiet

·        Fri.  Quiet

FED SPEECHES: (all times CDT)

·        Mon.  Chairman Powell 9:30 am , Williams 3:00 pm

·        Tues.  Goolsbee 11:00am, Barr 2:pm

·        Wed. Musalem 8:05 a.m., Barr 8:13 am

·        Thu. Logan 10:00 a.m.

·        Fri.  Good Friday

Econ Data: (all times CST)

·        Mon. Dallas Fed

·        Tue. Redbook, Case Shiller, CHGO PMI, JOLTS, Dallas Fed, PROSPECTIVE PLANTINGS, Redbook, API Crude Stock Change

·        Wed. Retail Sales, ISM, EIA Crude stocks,

·        Thu. Challenger Job Cuts, Initial Jobless claims, Nat Gas Stocks,  Fed Balance Sheet

·        Fri. NON-Farm Payrolls

Good Friday Modified Schedule

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 HERE and make sure to Bookmark this page!

Do Retreating Precious Metals Prices Offer a Buying Opportunity?

By Erik Norland Chief Economist, CME Group

  • The Mideast conflict has heightened concerns over geopolitical uncertainty and inflation.
  • Gold has tumbled about $1,000 from its January peak amid reports of Mideast peace efforts.
  • Investor expectations for Fed rate cuts in 2026 are waning amid rising inflation concerns.
  • Any slowdown in global growth due to the Mideast conflict could lead to interest rate cuts.

➜ Read article

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Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for March 30th, 2026

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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 systems mentioned above?

Daily Levels for March 30th, 2026

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Would you like to receive daily support & resistance levels?

Trading Reports for Next Week

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

www.mrci.com

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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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 FOMC Rate Decision, Roll into June Equity Contracts PLUS: Futures 102 – How to Use the RSI while in a Trade, May KC – Chicago Wheat Spread, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of March 16th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1282

  • The Week Ahead – Iran Crude Oil, FOMC & More!

  • Futures 102 – Trading Video – How to Use the RSI while in a Trade

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

  • Hot Market of the Week – May KC – Chicago Wheat Spread

  • 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)

4937.43 4979.07 5055.73 5097.37 5174.03

Silver (SI)

— May. (#SI)

75.73 78.04 81.83 84.14 87.93

Crude Oil (CL)

— April. (#CL)

89.25 93.74 96.53 101.02 103.81

 June Bonds (ZB)

— June. (#ZB)

113 3/32 113 13/32 113 30/32 114 8/32 114 25/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

 FOMC Rate Decision, Roll into June Equity contracts

equity

 Fertilizer and the continuing conflicts in the Middle East.

Jerome Powell’s second to last presser will be on Wednesday, 1:30 pm CDT. After the FOMC rate decision. The CME FedWatch tool is reflecting a 99% probability, as of today, remaining in the .035-.0375 % range. Investors will pay close attention to the language in the speech and q&a to follow and adjust their market positions accordingly, especially since the U.S. is heavily engaged in the Middle East conflict.

His final speech will be the April FOMC meeting before Trump’s man, Kevin Warsh, assumes the chairmanship. Warsh has expressed belief that, artificial Intelligence can boost productivity and lower costs, potentially offsetting inflation. Known as a Hawk on rates, his first meeting May, will be met with great anticipation given the current administration prefers a more dovish tone.

As many investors have been watching the fog of the  “Energy Sector” rally from the supply shock potential as a result of the fighting in the middle east, there are also substitutes in production for commodity contracts we also trade and have had the same directional bias. The Biofuels; Soybeans, Corn, Bean oil, Ethanol, these markets are all conducive to spread trading, spot vs deferreds, option spreads, product vs product like the traditional WTI, Unleaded , Heating oil and Nat. Gas markets.

The Urea market trades at the CME as well as the fertilizer market too has exploded with the threat of the Straits of Hormuz closing at the worst time for American farmers as they purchase the bulk of fertilizer in the spring time and over 20% of U.S. row crop fertilizer travels through the straights. Reach out to your broker if you are interested in these other products that a extremely liquid as well.

Begin trading the M26 contracts  June, M26 is the next month and year designation. Here is a quick Youtube Video on how to change your contract on CannonX (cqg StoneX) https://www.youtube.com/watch?v=AzeOgBa5HwA

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

 Earnings Next Week:

·        Mon. Dollar Tree,

·        Tue. Lululemon

·        Wed. Tencent, Micron

·        Thu.  FedeX, Darden Restaurants

·        Fri.  Carnival

FED SPEECHES: (all times CST)

·        Mon.  quiet

·        Tues.   quiet

·        Wed. Jerome Powell 1:30 p.m. CDT

·        Thu.  quiet

·        Fri.   quiet

Econ Data: (all times CST)

·        Mon. NY Empire State mfg Index, Cap. Utilization, Industrial Production

·        Tue. ADP Weekly, Redbook, NAHB Housing, Pending Home Sales, API Crude Stock Change

·        Wed. Core PPI, Factory Orders, EIA Crude stocks, Fed Rate Decision, Economic projections, net long term tic flows

·        Thu. Building Permits, Initial Jobless claims, Philly Fed, new home sales Nat Gas Stocks, Fed Balance Sheet

·        Fri. Baker Hughes Rig Count

Futures 102: Using RSI as Your Trade‑Management GPS

In this week’s Futures 102 feature, broker Eli Gal Levy breaks down how he uses the Relative Strength Index (RSI) as a real‑time “GPS” while managing open trades ( in this video Crude Oil Futures).

Instead of treating RSI as a simple overbought/oversold indicator, Eli shows how it can guide position adjustments, confirm momentum, and help traders stay disciplined during fast markets.

Watch the video, and if you’d like to explore how tools like RSI can fit into your own trading plan, we’re offering a free consultation or free platform demo to help you take the next step with confidence

WATCH VIDEO HERE

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Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for March 16th 2026

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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

May KC – Chicago Wheat Spread

After testing contract lows last month, the May KC – Chicago wheat spread came roaring back, erasing the winter highs and activating upside PriceCount objectives in the process. The first count projects a possible run to the 27.5 area.

 Learn more spreads and seasonal patterns in commodity futures HERE

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

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

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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?

Daily Levels for March 16th, 2026

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Would you like to receive daily support & resistance levels?

Trading Reports for Next Week

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

www.mrci.com

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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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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

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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 5th 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

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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

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for March 4th, 2026

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All times are Central Time ( Chicago)

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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Iran, Energy, Grain, Oil, Fertilizer; Your 5 Important Need-To-Knows for Trading Futures on June 24th, 2025

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Iran

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Two-day Fed Chair Powell congressional testimony (historically more volatility on day 1) starting tomorrow!

Video below on U.S. Strikes Iran: Oil, Fertilizer &

Market Fallout Analysis:

Description: Arlan Suderman, Chief Commodities Economist at StoneX, reports live from the trading floor following a major U.S. military strike on Iran’s nuclear facilities. In this special June 23 market update, we break down the strike’s implications for:

  • Oil markets and Strait of Hormuz risks
  • Fertilizer supply chains under threat
  • Grain and energy prices in early trading
  • Potential geopolitical escalation—and how traders are reacting
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July Class III Milk

July class III milk continues to slide and has negated the remaining unmet upside PriceCount near 23 cents (not shown for presentation purposes) with the trade below the late April reactionary low. At this point, the chart would need to violate the contract low before it could take aim at the third downside count to the 16.89 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for June 24th, 2025

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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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Find us on Trustpilot

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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Iran, Rollover, Bitcoin, July Unleaded; Your 4 Important Need-To-Knows for Trading Futures the week of June 16th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1246

  • The Week Ahead – Israel – Iran, Rollover and Juneteenth

  • Futures 102 – Why Trade Bitcoin Futures?

  • Hot Market of the Week – August Unleaded

  • Broker’s Trading System of the Week – Live Cattle Swing Trading System

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

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

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Iran

Can the market withstand the civil unrest planned for this weekend in our country? How about the situation in the Middle East with Israel striking Iran nuclear facilities? Stay tuned…

Equity Rollover, FOMC, Juneteenth Holiday and the longest day of the year in the northern hemisphere!

Rollover

Roll the Equity Index contracts to September (U) for Monday trading.

Roll your equity index contracts to September (U) e.g., ESU25 or EPU25, also this week, due to the Juneteenth holiday, some markets will have reduced hours and others will be closed.

Reduced hours include the Equities, Metals, Energies. Since Juneteenth falls on a Thursday, the regularly scheduled EIA Weekly Natural Gas storage report will be released a day earlier: Wed. at the same time as the FOMC rate announcement. 1PM CT.

Remember that current market drivers for Equities are hard data on Jobs, Inflation, Trump tweets and Geopolitics, clearly the Israel/Iran conflict jumps to the top of the list here.

Continued volatility to come as next week all markets will be reacting to whatever comes out of the Israel/Iran conflict, The FRB, U.S. Govt leadership relating to conflicts cessation and trade deals.

Therefore, increased volatility expectations with periodic choppiness as the administration Vs the Courts seem to also be in the middle innings of their tariff battle.

Earnings Next Week:

  • Mon. Lennar Corp
  • Tue. Jabil Inc
  • Wed. Korn Ferry
  • Thu. Empire LTD
  • Fri. Accenture, Kroger (impending strike in California)

FED SPEECHES: (all time CDT)

  • Mon.     FED
  • Tues.     Black OUT
  • Wed.     FOMC Rate Decision 1:00pm CT Powell@1:30 pm CT
  • Thu.      Quiet
  • Fri.       Quiet

Economic Data week:

  • Mon. NY Empire State Manufacturing index,
  • Tue. Retail Sales, RedBook, Capacity Utilization, Business inventories, NAHB Housing market Index
  • Wed. Building Permits, EIA Crude oil stocks, Housing Starts, Initial Jobless Claims, EIA Weekly Nat Gas Storage @ 1:00 pm CT FOMC Rate decision @ 1:00 pmCT, FOMC Economic Projections,
  • Thur. JUNETEENTH Natl Holiday
  • Fri. Philly Fed, CB Leading indicators
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Why Trade Bitcoin Futures?

Watch Video Now 

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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

August Unleaded

August unleaded gasoline accelerated to the topside and satisfied the first 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. IF the chart can sustain further strength, the second count would project a possible run to the 2.40 area which would represent a new contract high.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Brokers Trading System of the Week

Live Cattle Lee Swing Trading System

Markets Traded:   LE – Live Cattle

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $15,000

Developer Fee per contract: $25.00 Monthly Subscription

Get Started

Learn More

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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.

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real-time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.

IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING.

FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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

Trading Levels for Next Week

Daily Levels for June 16th, 2025

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Trading Reports for Next Week

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

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. 

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.

Opinions, market data, and recommendations are subject to change at any time.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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