Futures Trading Spreads: Swing vs. Intraday PLUS: September KC – Chicago Wheat Spread, Pre-Market Briefing TEXT & PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on June 26th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Aug (#GC)

3942.50 3992.40 4026.20 4076.10 4109.90

Silver (SI)

— July. (#SI)

55.14 56.52 57.79 59.17 60.44

Crude Oil (CL)

— Aug (#CL)

67.55 69.79 71.15 73.39 74.75

 Sept. Bonds (ZB)

— Sept. (#ZB)

113 17/32 113 25/32 114  7/32 114 15/32 114 29/32

Futures Trading Spreads

futures trading spreads

Some professional futures traders prefer trading spreads—both intraday and swing—because spreads can reduce outright market risk while still offering opportunities for consistent returns. By trading the price relationship between two related contracts rather than a single direction, traders can benefit from relative value inefficiencies, seasonal patterns, and supply-demand imbalances.

Intraday spread trading often provides smoother price action and tighter risk control, while swing trading spreads can capitalize on longer-term structural trends with lower volatility compared to outright positions. Additionally, spreads typically require lower margin and can be less sensitive to macro shocks, making them an appealing strategy for disciplined risk management and more stable performance.

That being said – spread trading is risky just like futures trading and past performance is not indicative of future results.

In today’s chart review, you will see an idea/ outlook of a swing trade between the Chicago Wheat and Kansas City wheat.

Some INTRA day traders will day trade gold vs silver, MNQ versus MES, ten years vs the 30 years and more….

Curious?

Learn more here or even better schedule a one on one consultation with a licensed series 3 broker HERE

Looking for some clues ahead of the market open tomorrow? if so visit our morning brief updated daily before 9:30 Am EST – latest brief can be found HERE.

On a different note, see our latest video insight into utilizing the Trading signals / indicators available on TradingView! Curious? sign up for a FREE TRIAL

Our team is more than happy to answer any questions.

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September KC – Chicago Wheat Spread

The September KC – Chicago Wheat Spread is threatening to break down and resume its slide. New sustained lows would project a possible move to the second downside PriceCount objective to the 15.5 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.

Cannon Edge — Your Daily Futures Snapshot for June 26th

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Daily Levels for June 26th, 2026

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Economic Reports

provided by: ForexFactory.com

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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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Non Farm Payroll Data, Economic Reports & Levels 10.03.2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

 

We started a trial for a new squawk box service here at Cannon and I must say I was impressed enough to share with you an example of the wrap up email I received as well as a link to their services:

http://www.livesquawk.com/#!sign_up  Continue reading “Non Farm Payroll Data, Economic Reports & Levels 10.03.2014”