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Metals Reach New Highs and Higher Margins! PLUS: March Dollar Index, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on January 29th, 2026

Posted on January 28, 2026 by Cannon Operations

Metals New Highs & New Higher Margins!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5114.63	5267.17	5346.13	5498.67	5577.63
Silver (SI) — Mar. (#SI)	107.75	112.29	114.95	119.49	122.15
Crude Oil (CL) — Mar. (#CL)	61.53	62.45	62.98	63.90	64.43
Mar. Bonds (ZB) — Mar. (#ZB)	114 14/32	114 25/32	115 2/32	115 13/32	115 22/32

Metals:

Once again we give you the story of the year and this blog’s broken record update: gold and silver are trading at all-time highs today. As of this typing, Feb. gold is trading up nearly $300 per ounce (a $30,000 per contract move) and trading over $5,375 per ounce.

Silver

March silver is trading up nearly $11.00 per ounce (a $55,000 per contract move) and trading near $117.00 per ounce.

Platinum

April platinum is trading up nearly $150 per ounce (a $7,500 per contract move) and is trading near $2,680 per ounce. This is off its $2,925.00 intraday high of Monday.

Last night, CME Group raised margins yet again on a number of precious metals futures contracts. Below are the new margins for the main precious metals futures contracts.

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 Dollar Index

The March Dollar broke down and accelerated with gap action to a second downside PriceCount objective. The count was consistent with a test of the contract low. The chart is now trying to react with a corrective trade. IF you can resume the break with new sustained lows, the third count would project a slide to the 94.15 area.

FREE TRIAL AVAILABLE

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 January 29th, 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

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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The Week Ahead: FOMC, Metals at All-Time Highs, March Corn Wheat Spread, Gold Swing Trading System, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of January 26th, 2026

Posted on January 23, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1275

The Week Ahead – FOMC, MAG Earnings, Metals All Time Highs!
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 Corn 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) — Feb(#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) — Feb (#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

fomc

It certainly looks like we’ll be seeing quite a bit of action in the markets next week. We have quite a few economic data points in addition to The Fed rate decision and if I am not mistaken, we have 4 of the Mag 7 stocks reporting out of 4769 earnings reports, the heaviest week of earnings in the cycle.

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

Earnings Next Week:

· Mon. regional banks, Nucor

· Tue. LVMH, UnitedHealthcare, Boeing, Texas Instruments, UPS, Northrup Grumman, GM, Seagate

· Wed. MSFT, META, TESLA, IBM, AT&T, SBUX, ADP

· Thu. Apple, Visa, Mastercard, Caterpillar, Blackstone, Southern Copper Corp, Comcast, Lockheed

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

FED SPEECHES: (all times CST)

· Mon. Fed

· Tues. Blackout

· Wed. FED Rate decision and Presser

· Thu. None

· Fri. Bowman after market close

Econ Data: (all times CST)

· Mon. Chicago Fed Nat Activity Index, Durable Goods, Dallas Fed Manufacturing Index

· Tue. ADP Weekly, Redbook YoY, S&P Case Schiller, CB Consumer Confidence, Dallas Fed Svcs.,

· Wed. EIA Crude stocks, FED Rate Decision, Presser follows

· Thu. Balance of Trade, Jobless claims, Factory orders, Nat Gas Stocks,

· Fri. Core PPI, Chgo PMI

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

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

March Wheat – Corn Spread

The March Wheat – Corn Spread corrected after completing the second upside PriceCount objective. Now, the chart is attempting to resume its rally where new sustained highs would project a potential run to the third count in the 1.07 area.

LEARN MORE ABOUT SPREADS!!

t 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

Brokers Trading System of the Week

Edvardus – Breakout Gold Trading System

Market Sector: Metals

Markets Traded: GC – Gold Futures

System Type: Day Trading

Risk per Trade: varies

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

Broker’s Suggested Capital: $33,000

Developer Fee per contract: $250.00 Monthly Subscription

Get Started

Learn More

January 2026 summary below – full results since inception HERE:

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

Daily Levels for Jan. 26th, 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

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Gold & Silver hit All Time Highs! PLUS: Weekly Natural Gas, Cannon Edge, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on January 23rd, 2026

Posted on January 22, 2026 by Cannon Operations

Gold & Silver at All Time Highs – Again!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4716.60	4820.00	4876.10	4979.50	5035.60
Silver (SI) — Mar. (#SI)	88.50	92.38	94.56	98.43	100.61
Crude Oil (CL) — Feb (#CL)	57.87	58.64	59.73	60.50	61.59
Mar. Bonds (ZB) — Mar (#ZB)	114 13/32	114 26/32	115 2/32	115 15/32	115 23/32

Gold & Silver hit All Time Highs – Again!

Albeit only three weeks into 2026, it’s the commodity futures story of the year – and this blog’s broken record update: gold, silver and platinum are all trading at all-time highs today. As of this typing, Feb. gold is trading up over $90 per ounce (a $9,000 per contract move) and trading over $4,900 per ounce. March silver is trading up nearly $3.75 per ounce (a $18,750 per contract move) and trading near $96 per ounce.

April platinum is trading up over $125 per ounce (a $6,250 per contract move) and is trading over $2,600 per ounce.

Matthew Weller of Investing.com painted this picture: “Between wartime-level fiscal deficits across the developed world, persistently above-target inflation, the independence of the Federal Reserve under fire, and the global geopolitical drama (Venezuela, Greenland, China, etc.), the fundamental case for precious metals has arguably never been stronger.”

Gold & Silver

Traders are no doubt eyeing $5,000 gold and $100 silver, but it’s always crucial to heed the current extreme volatility in these markets, which is unlikely to decrease any time soon. Consider your risk appetite and your trading account’s risk parameters before trading in all markets, but precious metals in particular in the present climate.

To recap, the CME Group raised margins on a number of precious metals futures contracts. Below are the new margins for the main precious metals futures contracts.

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.

Weekly Natural Gas

The weekly chart of natural gas has resumed its rally into a new high. If it can sustain further strength, the third upside PriceCount objective projects a possible run to the 7.26 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 23rd, 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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Micro Silver February 9th! PLUS: March Canola, Levels, Reports; Your 4 Important Can’t Miss Need-To-Knows for Trading Futures on January 21st, 2026

Posted on January 20, 2026 by Cannon Operations

Micro Silver – Coming Soon!

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4570.30	4667.70	4719.60	4817.00	4868.90
Silver (SI) — Mar. (#SI)	88.28	91.33	93.56	96.61	98.84
Crude Oil (CL) — Feb (#CL)	57.54	58.52	59.52	60.50	61.50
Mar. Bonds (ZB) — Mar (#ZB)	112 24/32	113 16/32	114 19/32	115 11/32	116 14/32

Micro Silver!

Coming to a trading platform near you February 9^th!

silver

With the extreme volatility in the precious metals market in the recent past, we have seen daily swings of $35000.00 or more from daily highs to low in a number of contracts, Gold and Silver have been the biggest offenders. Today alone the March 2026 silver contract had a $26400.00 range from high to lo, if you take yesterdays activity into account, the total dollar swing from Monday’s lo to today’s hi is $46,050.00.

As a result of this high market volatility, the overnight and day trading margins are playing catch up with the volatility, the current Overnight Margin requirement in the 5000 oz. Silver contract is $43605.00 , so expensive in fact, the Volume for the 5000 oz contract is less than half of the Micro silver contract 1000oz, Vol. The March Silver volume is 157,460 contracts while the SIL (micro silver) 1000 oz contract had a Vol of 402,258 as of this writing. With Margin is as a byproduct of volatility and the highest margined Micro futures contract now on the CME at $8822.00, even that may be getting too expensive for the retail trader.

Have no fear, a brand spanking new 100 oz silver contract from the CME will be debuting on February 9th.

This contract will be financially settled, (cash settlement), the minimum fluctuation will be a dollar a penny $1.00 per 00.01 tick. The symbol will be SIC. The margin has yet to be determined, my best guess. $500 or lower. (There is a mini silver that is a 2500 oz contract) but has very little volume therefore, lacking liquidity. Feel free to contact your Broker for more info about this opportunity & risk.

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 Canola

March Canola satisfied its second upside PriceCount objective and is consolidating just below the recovery high. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a possible run to the 680 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 21st, 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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MLK Day Fast Approaching PLUS: Cannon Edge, March Corn, Levels, Reports; your 5 Important Can’t Miss Need-To-Knows for Trading Futures on January 16th, 2026

Posted on January 15, 2026 by Cannon Operations

Last Trading Day of the week, MLK Schedule

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4558.80	4586.80	4612.00	4640.00	4665.20
Silver (SI) — Mar. (#SI)	83.16	87.77	90.74	95.35	98.31
Crude Oil (CL) — Feb (#CL)	57.33	58.14	59.58	60.39	61.83
Mar. Bonds (ZB) — Mar (#ZB)	115 25/32	115 30/32	116 9/32	116 14/32	116 25/32

Monday we will observe MLK Holiday here in the US!

mlk

Most markets are open but with modified schedule, please visit full details here.

Housing numbers and Fed speakers to dominate tomorrow’s schedule along with any possible geopolitical developments.
Heads up precious metals futures traders. Did you know CME Group offers a 1-oz. gold futures contract? That’s right: a gold futures contract that’s one hundredth the size of the main 100-contract. This is a cash-settled contract. You can’t take physical delivery of the one ounce of gold from which the contract is derived, but it offers a lower-margin product to trade gold.

Each $1 move in the contract is equal to a $1 move. It moves in $0.25 increments.

CME Group’s full contract specifications

The current initial margin requirement is $253.

Contact your Cannon Trading Co. broker for FCM availability and platform symbol.

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 Corn

March Corn activated fresh downside PriceCount objectives on the sharp break and satisfied the first objective in the process. The chart is correcting but if we can resume the slide with new sustained lows, the second count would project a run to the $4.14 area which is consistent with a test of the August contract low.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 16th, 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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Subscribe to our YouTube Channel

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

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FOMC Minutes, Gold and Silver Highs, Top Assets by Market Cap, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on December 30th, 2025

Posted on December 29, 2025 by Cannon Operations

FOMC Minutes Tomorrow on a Short Trading Week

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4151.67	4252.63	4416.97	4517.93	4682.27
Silver (SI) — Mar. (#SI)	62.59	67.41	75.04	79.87	87.50
Crude Oil (CL) — Jan (#CL)	56.29	57.07	57.68	58.46	59.07
Mar. Bonds (ZB) — Mar (#ZB)	115 5/32	115 17/32	115 27/32	116 7/32	116 17/32

Last FOMC of the Year

fomc

General:

Keep an eye out for tomorrow’s release of the Minutes of the Federal Reserve’s December FOMC meeting (1:00 P.M., Central Time).

Metals:

Gold and silver futures markets tumbled after touching record highs, bringing a parabolic move in the precious metals space to a screeching halt.

Gold

After touching Friday’s all-time intraday high of $4,584 per ounce, Feb gold futures tumbled more than $200 per ounce today – a $20,000 per contract move – to hover near $4,340 per ounce.

Gold All-Time Intraday High

As well, after trading up more than $5.00 per ounce from Friday’s close to its own intraday all-time high of $82.67 per ounce, March silver futures dropped more than $12.00 per ounce to near $70.00 per ounce – a whopping ~15% intraday decline and a $60,000 per contract move – and is currently trading slightly above $71.00 per ounce.

Silver

Traders were on edge going into Monday’s session after the Chicago Mercantile Exchange raised the initial margin requirement on the March 5,000-oz. silver futures contract to $22,000, forcing higher leveraged traders to either add cash to their accounts or reduce their positions.

Despite today’s sell-off, silver’s whopping +174% rise this year has turned the metal into the third most valuable asset in the world, trailing only gold and Nvidia and outstripping tech titans such as Apple, Alphabet (Google) and Microsoft.

Silver Market Cap

According to CompaniesMarketCap, silver’s market cap stands at $4.485 trillion dollars. Gold tops the list with a market cap of $31.719 trillion, followed by Nvidia at $4.638 trillion.

Daily Levels for Dec. 30th, 2025

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

U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation

provided by: ForexFactory.com

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CPI Delay Implications, March Wheat – Corn Spread, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on December 18th, 2025

Posted on December 17, 2025 by Cannon Operations

What You Need to Know as We Head Towards the Close of trading Week!

by Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4309.80	4341.80	4362.70	4394.70	4415.60
Silver (SI) — Mar. (#SI)	62.40	64.54	65.86	67.99	69.31
Crude Oil (CL) — Jan (#CL)	54.54	55.54	56.08	57.08	57.62
Mar. Bonds (ZB) — Mar (#ZB)	114 20/32	114 30/32	115 8/32	115 18/32	115 28/32

Important – CPI:

For stock index, metals and financials futures traders, keep an eye out for increased volatility around tomorrow’s release of the U.S. Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI). Day trading margins may be temporarily increased by your clearing firm. The report will be released at 7:30 A.M., Central Time.

The longest shutdown in history forced the BLS to cancel the release of October’s CPI report. It is unclear what components of the October CPI will be available when the report for November is published tomorrow. Government workers did not make visits to supermarkets and stores to get the information needed to calculate the CPI and other price measures for October.

The employment and CPI reports are crucial for Federal Reserve officials making decisions on monetary policy as well as for investors, businesses and ordinary Americans trying to gauge the economy’s health. The BLS has said data for the household survey and October’s CPI cannot be collected retroactively.

Energies:

Crude oil futures prices fell to levels not seen since the start of 2021 as a widely expected supply glut picked up momentum. Yesterday, Feb. West Texas Intermediate (WTI) crude fell over 3% and traded briefly below $55/barrel. WTI crude futures are headed for yearly losses of more than 20%.

Metals:

Silver futures surged to new all-time highs today, climbing more than 3% and extending monthly gains to 15%. The front month March contract traded up ~$3.25/ounce today – a ~$16.250 per contract move – to an intraday high of $67.18/ounce – more than double in price from January. Strong industrial demand and expectations for additional rate cuts next year boosted trader interest.

Feb. gold futures also surged ~$37/ounce higher today to near $4,370/ounce setting the stage for its second highest closing price, under its Oct. 20 all-time high closing at $4,394.60/ounce.

March Wheat – Corn Spread

The March Wheat – Corn Spread resumed its break into new lows. At this point, the chart is taking aim at its low percentage fourth downside PriceCount objective to the 48 area. This target is consistent with the longer-term weekly chart support level near 50.

Daily Levels for Dec. 18th, 2025

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Silver and Copper, Crude Oil, March – May Wheat Spread, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on December 4th, 2025

Posted on December 3, 2025 by Cannon Operations

What You Need to Know!

by Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4198.13	4219.37	4246.33	4267.57	4294.53
Silver (SI) — Mar. (#SI)	57.49	58.22	58.94	59.66	60.38
Crude Oil (CL) — Jan (#CL)	57.77	58.44	59.04	59.71	60.31
Mar. Bonds (ZB) — Mar (#ZB)	115 30/32	116 9/32	116 19/32	116 30/32	117 8/32

General:

This morning’s November ADP jobs report was well into negative territory falling to the lowest levels since 2020. The payrolls processing firm reported private companies cut 32,000 workers, with small businesses hit the hardest.

The report’s data were worse than anticipated as the Dow Jones consensus estimate from economists was to see an increase of 40,000 and a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.

The ADP report is the last monthly jobs picture the Federal Reserve gets before it meets Dec. 9-10. Futures traders are now assigning a nearly 90% probability that the central bank will approve another quarter percentage point cut, according to the CME Group FedWatch tool:

This month’s release of the Labor Department’s monthly non-farm payrolls report has been moved from its traditional first Friday of the month to Tuesday, December 16, 2025, 7:30 A.M., Central Time. The report is widely considered to be one of the most important and influential measures of the U.S. economy.

More General:

Last Friday, a vital data center used by CME Group, overheated and suffered a more-than-ten-hour outage, shutting down trading at the world’s largest derivatives exchange. On an average day, it processes equity indexes futures and options trades tied to $1.5 trillion of underlying assets, and interest-rate-related trades with a notional value of $9.6 trillion.

While the blow was softened because it came late on Thanksgiving Day, this was the longest outage in recent CME history.

Energies:

In a credible sign that the world’s largest crude importer is nearing peak demand, China’s oil consumption next year – although still growing – will be surpassed by India’s for the first time. This was forecast by Singapore-based Trafigura Group, the world’s second-largest oil trader.

A key component to this, they explain, is that China’s main demand driver for crude – its consumption of road fuels – is weakening as adoption of electric cars and, increasingly, electric trucks has grown rapidly.

Metals:

New front month March silver futures traded to new all-time highs today, trading intraday to $59.65½ per ounce. The move includes a ~$8.00 per ounce move since Mon. Nov 24, a ±$40,000 per contract move for the main 5,000-oz. futures contract.

Driven by persistent concerns over a tightening global supply, March copper futures surged ~15 cents per pound (±2.8%) and traded up to ~4-month highs near $5.40 per pound today.

March – May Wheat Spread

The March – May Wheat Spread satisfied the first upside PriceCount objective off the August low. The chart is reacting with a short-term correction, which is normal. At this point, if the spread can resume its rally with new sustained highs, the second count would project a possible run to the -5.5 area.

Daily Levels for Dec. 4th, 2025

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Overnight Edge, December Mini Dow, Levels, Reports; Your 4 Important Need-To-Knows for Trading Futures on October 21st, 2025

Posted on October 20, 2025 by Cannon Operations

Where is the Edge?

edge

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Dec (GCZ5)	4173.40	4285.40	4341.70	4453.70	4510.00
Silver (SI) — Dec (SIZ5)	49.49	50.65	51.24	52.40	52.99
Crude Oil (CL) — Nov (CLX5)	55.32	56.16	56.79	57.63	58.26
Dow Jones (YM) — Dec 2025	46087	46503	46733	47149	47379

Over the past few months, and especially in recent weeks, we’ve seen unusually large overnight moves. Some moves appear random, others reverse quickly, and some are driven by headlines such as tariff news. These dynamics have increased gap risk, reduced overnight liquidity, and produced frequent open-time dislocations.

Common question

Where is the edge?

Short answer

Trade the first 30 minutes and focus on short-term gap-fill or rejection setups.
Use same-day options when you expect a large directional move to limit tail risk and avoid being stopped out only to see the market move in your favor.
Trade spreads when relative strength diverges across instruments (for example, gold vs silver or mini-Dow vs ES).

Extended answer

I want to focus on the practical elements of trading like pre-market context, move behavior, market news correlation, liquidity, options limits, and whether to use mean reversion or momentum. I’ll also want to highlight key parts like risk management, stop placement, and position sizing. Planning should be direct with a simple checklist and no more than six sections. I should also consider using a relevant citation about tariff-related movements, but just one, and make sure it’s only placed where necessary. No framing or extra explanations.

Futures day-trading edge

You find edge by matching a repeatable hypothesis to the current market regime, then executing it with strict risk and execution rules.

Regime diagnosis (what the market is doing now)

Volatility regime: large overnight gaps and erratic premarket prints mean the market is in a news-driven, headline-sensitive volatility regime.
Catalyst profile: moves are often tied to macro headlines and tariff noise; those headlines create directional gaps that either persist into the session or sharply reverse at the open.
Liquidity profile: overnight liquidity is thin and fragmented, increasing slippage and fake outs at the open.

Reliable, tradeable edges you can use

Pre-open directional bias with size filter. Trade opens when overnight gap exceeds a threshold (e.g., 0.5% or X ticks) and pre-market order flow confirms (sustained prints, not one-off sweep).
Use reduced size and wider stops for gaps caused by headline noise.
Fade headline gap into first 30 minutes when structure is weakIf gap lacks follow-through volume and price fails to make a clean microstructure breakout, favor mean reversion to the first-tail or VWAP.
Trend-follow breakouts in high conviction regimeWhen overnight move is accompanied by aligned macro flow (rates, FX, commodities) and volume ramps into the open, follow momentum with a continuation plan.
Volatility arbitrage playsUse options or calendar spreads where available to sell realized volatility after spikes and buy protection around known headline windows.
Session-timing edgeTrade smaller and tighter in the first 15–30 minutes after the open; increase size after the market establishes structure (first clean high/low and confirmation).
Microstructure edge: limit vs market tacticsUse passive limit entries near structural levels and aggressive exits into liquidity. Avoid market entries into thin pre-open auction prints.

Concrete execution rules (checklist)

Pre-market checklist: identify gap size, top 3 headlines, correlated markets (bonds, FX, oil), and pre-open volume trend.
Entry rules: require either structural confirmation (higher high / lower low) or a mean-reversion setup with defined edge-to-risk ratio ≥ 2:1.
Sizing: reduce notional by 25–50% on headline-driven nights; increase only after two clean consecutive edges are realized.
Stops and targets: place stop where edge invalidates (clearly definable price level); scale out at predefined targets; never trade without a stop.
Slippage buffer: add tick buffer to stops and profit targets during thin liquidity opens.

How to test and keep the edge

Backtest regime-specific rules: label historical sessions by overnight gap size and headline events, test mean-reversion vs momentum rules separately.
Forward-test with small capital: run a two-week rolling simulator and log slippage, win rate, and expectancy.
Adaptive rules: codify a volatility threshold that switches you between momentum and fade strategies automatically.

Brief trade plan template

Hypothesis: (e.g., “Overnight tariff headline caused a 0.7% gap that lacks confirmatory volume; first 20 minutes will mean-revert to VWAP.”)
Entry: limit at VWAP + X ticks or on 1-minute reversal candle.
Stop: invalidation beyond the overnight high/low + slippage buffer.
Target: partial at VWAP, final at first structure level.
Size: 50% normal when gap driver = headline; full size only when macro alignment confirmed.

Be systematic: diagnose regime, pick the strategy that historically wins in that regime, enforce execution and risk rules, and iterate from measured data.

Important: Trading commodity futures and options involves a substantial risk of loss.

The recommendations contained in this blog are of opinion only and do not guarantee any profits.

Past performances are not necessarily indicative of future results.

December Mini DOW

The December mini DJIA chart satisfied its second upside PriceCount objective earlier this month and corrected lower. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a possible run to the 52041 area.

Daily Levels for Oct. 21st, 2025

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Price Extremes: Gold, Silver, Crude Oil; December KC Wheat, Levels, Reports; Your 4 Important Must-Knows for Trading Futures on October 16th, 2025

Posted on October 15, 2025 by Cannon Operations

Price Extremes

By Mark O’Brien, Senior Broker

General:

Day 15 of the U.S Government shutdown.

Stock Index Futures:

Dec. stock index futures returned to solid gains late today as markets remained alert over US-China trade tensions and amid hopes for interest rate cuts and strong quarterly earnings results from Wall Street banks. Traders have cemented bets on a rate cut later this month, and odds of a rate cut in December have jumped in recent days to around 96% according to the CME Group FedWatch tool:

Prices Metals:

It’s the broken record metals report. Dec. gold futures rose to new all-time highs today – its 47^th new record of the year – trading up to $4,235.80/ounce intraday.

Alongside gold, Dec. silver rocketed up nearly $2.00/oz. today to set its own all-time record high, trading intraday up to $52.55/ounce. This after yesterday when the contract took out a 45-year-old record closing price of $48.70/ounce, during the time when the Hunt brothers tried to corner the market.

Prices Energies:

November crude oil futures have remained on their lows this week – with a new multi-month intraday low of $58.20/barrel on continued concerns about oversupply and the possible impact on demand of rekindled U.S.-China trade tensions – its fourth day in a row closing below $60/barrel.

Livestock:

Dec. live cattle and Jan. feeder cattle both closed little changed today and within pennies of their own all-time record high closing prices at the close of trading yesterday. Tight supplies and strong feeder markets pushed cash cattle higher and the futures markets followed suit. The supply of cattle has lingered at a near 75-year low, with the closure of the US-Mexico border to Mexican cattle imports further constraining an already tight supply.

December KC Wheat

December KC wheat satisfied its third downside PriceCount objective and reacted with a key reversal higher. It would be normal to get a mean reversion from this level in the form of a consolidation or corrective phase, at least. If the chart can sustain further weakness, we are left with the low percentage fourth count to aim for in the $4.37 area. That we trade down to this level is a realistic target although we have traded that low just 5 years ago.

Daily Levels for Oct. 16th, 2025

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Metals New Highs & New Higher Margins!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Mar. Bonds (ZB)

Metals:

Silver

Platinum

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Current price and daily % change

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March Dollar Index

Daily Levels for January 29th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1275

The Week Ahead – FOMC, MAG Earnings, Metals All Time Highs!

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 Corn Wheat Spread

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

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Mar. Bonds (ZB)

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Earnings Next Week:

FED SPEECHES: (all times CST)

Econ Data: (all times CST)

Review below some Crypto contracts and new gold contracts!

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CannonX Symbol

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Introducing Cannon Edge — Your Daily Futures Snapshot

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 CQQ.

Hot Market of the Week

March Wheat – Corn Spread

Brokers Trading System of the Week

Edvardus – Breakout Gold Trading System

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Daily Levels for Jan. 26th, 2026

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