Weekly Newsletter: 25 Options Strategies, Soymeal Outlook, NQ Automated System - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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Weekly Newsletter: 25 Options Strategies, Soymeal Outlook, NQ Automated System

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Cannon Futures Weekly Letter Issue # 1204

In this issue:
  • Important Notices – Earnings, PPI, CPI, Iran/Israel, USDA Crop
  • Futures 101 – 25 Options Strategies
  • Hot Market of the Week – December Soymeal
  • Broker’s Trading System of the Week – Mini NQ Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – Next Week Highlights:
    • Monday, Aug. 12 

      ·        “The crop report:” USDA World Supply & Demand, U.S. Crop Production

       

      Tuesday, Aug. 13

       

      ·        Producer Price Index / Core PPI

       

      ·        Notable Quarterly Earnings:

       

      → Home Depot (Mkt. Cap.: ±247B)

       

      Wednesday, Aug 14

       

      ·        Consumer Price Index / Core CPI

       

      ·        Notable Quarterly Earnings:

       

      → Tencent ADR (Mkt. Cap.: ±437B)

      → Cisco (Mkt. Cap.: ±184B)

      → UBS Group (Mkt. Cap.: ±92B)

       

      Thursday, Aug. 15

       

      ·        Initial Jobless Claims

       

      ·        Retail Sales

       

      ·        Industrial Production / Capacity Utilization

       

      ·        Empire Mfg. Survey

       

      ·        Philadelphia Fed. Manufacturing Survey

       

      ·        Notable Quarterly Earnings:

       

      → Walmart (Mkt. Cap.: ±546B)

      → Alibaba (Mkt. Cap.: ±190B)

      → Applied Materials (Mkt. Cap.: ±159B)

      → Deere & Co. (Mkt. Cap.: ±95B)

       

      Friday, Aug. 16

       

      • ·        Consumer Sentiment

 

 

  • Futures 101: 25 Proven Strategies for Trading Options

    If you are currently trading options on futures or are interested in exploring them further, check out our newly updated trading guide, featuring 25 commonly used options strategies, including butterflies, straddles, strangles, backspread and conversions. Each strategy includes an illustration demonstrating the effect of time decay on the total option premium involved in the position.

    Options on futures rank among our most versatile risk management tools, and are offered on most of our products. Whether you trade options for purposes of hedging or speculating, you can limit your risk to the amount you paid up-front for the option while maintaining your exposure to beneficial price movements. To learn more about CME Group options, you can also visit our Options page

    Complete the simple form and you will receive a link to download the 25 Proven Strategies brochure immediately. This eBook is free to you and no-obligation. Learn about the 25 Proven Strategies for trading options on CME Group Futures for FREE!

25_trading_strategies_lg image

 

 

 

  • Hot Market of the Week – December Soymeal

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.

December Weekly Soymeal

The weekly chart in soybean meal failed to close its gap objective and reversed lower with a possible outside week lower developing. At this point, follow through to the downside into new sustained lows would project a run to the third PriceCount objective to the $296 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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.

   Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

Boston A – Mini NASDAQ

PRODUCT

NQ – Mini NQ

SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$35,000
COST
USD 55 / monthly

The performance shown above is hypothetical in that the chart represents 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 back adjusted data. Please read full disclaimer HERE.
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Daily Levels for August 12th 2024

 

Trading Reports for Next Week

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

Improve Your Trading Skills

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* 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 here in 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 judgement in trading.

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RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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