Cannon Futures Weekly Newsletter Issue # 1130
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In this issue:
- Important Notices – Make 2023 great!
- Trading Resource of the Week – Trading Around Economic Reports FREE COURSE
- Hot Market of the Week – November Beans
- Trading Levels for Next Week
- Trading Reports for Next Week
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Important Notices –
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Make it a great 2023! Stay disciplined, educate yourself and utilize our FREE valuable resources.
In this “Trading Around Key Economic Reports” FREE Course you will learn:
- What is GDP?
- About the Retail Sales Report
- What is NFP ( non farm payroll) Report?
- Understanding US housing Data
- FOMC
- Understanding Oil Data Report
- Importance of Consumer Confidence Survey
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.
PriceCounts – Not about where we’ve been , but where we might be going next!
November beans broke down its shelf of support this week and activated downside PriceCount objectives in the process. The first count projects a run to the $13.42 area which is consistent with a test of the October lows.
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.
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Trading Levels for Next Week
Daily Levels for January 23rd, 2022
Weekly Levels
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Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading