{"id":16418,"date":"2020-12-04T13:22:54","date_gmt":"2020-12-04T21:22:54","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16418"},"modified":"2020-12-07T07:36:43","modified_gmt":"2020-12-07T15:36:43","slug":"weekly-newsletter-1031-knowing-what-you-dont-know-in-trading-markets-copper-futures-daily-chart-futures-levels-12-07-2020","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-1031-knowing-what-you-dont-know-in-trading-markets-copper-futures-daily-chart-futures-levels-12-07-2020\/","title":{"rendered":"Weekly Newsletter #1031: Knowing What You Don’t Know in Trading Markets, Copper Futures Daily Chart & Futures Levels 12.07.2020"},"content":{"rendered":"

Cannon Futures Weekly Letter Issue # 1031<\/strong><\/h1>\n

Dear Traders,<\/p>\n

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Like us on FaceBook!<\/div>\n
www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n
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Get Real Time updates and\u00a0market alerts on Twitter!<\/a><\/div>\n<\/div>\n<\/div>\n
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Trading 101: Knowing What You Don’t Know in Trading Markets<\/strong><\/div>\n
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From our friend\u00a0Jim Wyckoff at JimWyckoff.com<\/div>\n
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The headline of this educational feature may be a bit confusing, but I will explain what I mean shortly. First, I want to reiterate that trading futures, stock and FOREX markets is not an easy undertaking. It disgusts me that there are a few unsavory people in our industry that portray trading as an easy, get-rich-quick scheme, or as some endeavor for which there are \u201csecrets\u201d to be learned from those who hold \u201ctrading secrets.\u201d<\/div>\n
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Folks, the plain truth is that there are no trading secrets and no easy paths to quick success in trading markets. Beware of anyone who tries to tell (or sell) you such. One of the biggest obstacles to success in trading markets is a lack of knowledge and understanding of the process of trading. The \u201cprocess of trading\u201d includes understanding financial leverage, market behavior and trader psychology. Understanding the process of trading can be achieved with perseverance and a willingness to continue to learn.<\/div>\n
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It\u2019s not coincidental that trading markets is similar to most other human endeavors: Hard work and experience are required to achieve notable success. A person who enjoys classic automobiles would not attempt to tear down and successfully rebuild an engine without having some previous experience, or without having learned about the workings of an automobile engine\u2014including knowing about the tools involved in the operation<\/div>\n
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Click here to\u00a0<\/a>R<\/a>ead the rest of the article<\/div>\n<\/div>\n<\/div>\n
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Dr. Copper<\/strong><\/div>\n
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Copper and copper futures have a special place in the commodity futures universe. As one of the most important industrial and building materials in the world, copper\u2019s market price is seen as an important fundamental economic indicator for not only the health of the U.S. economy, but also for the robustness of the world\u2019s economy as a whole. In fact, because of copper\u2019s generally accepted importance as an economic indicator in predicting and reflecting over-all economic health, it is ascribed to be the only commodity with a doctorate degree in the field of economics, hence the title, \u201cDr. Copper\u201d. Cannon Trading\u2019s brokers affectionately call out the words \u201cDr. Copper\u201d when referring to copper\u2019s present price and market movements, amongst themselves, in a cheerful genuflecting to the respect we believe this commodity and futures contract deserves. Copper\u2019s recent market trading range \/trend can be observed\u00a0in the daily chart below.<\/a><\/div>\n
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Copper Futures Specs<\/strong><\/div>\n
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Hours: 5:00 PM to 4:00 PM next day PM Central Time<\/div>\n
Margins: $4620 initial, $4200Maint. ( as of the date of this newsletter)<\/div>\n
Point Value: full Cent = $12.50( Example: $5.60 to $5.61\/bu ). Min fluctuation is 2\/8ths of a cent = $12.50 ( Example: 5.60 -5.602)<\/div>\n
Settlement: Deliverable, FND is last business day preceding the contract month<\/div>\n
Months: March (H), May (K), July (N), September (U,) December(Z)<\/div>\n
Weekly Options: NO<\/div>\n<\/div>\n
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To access a free trial to the ALGOS shown in the chart along with other tools, visit and\u00a0sign up for a free trial\u00a0<\/a>for 21 days with real-time data.<\/div>\n<\/div>\n<\/div>\n
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Good Trading<\/strong><\/h3>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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 when it comes to Futures Trading.<\/p>\n

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Futures Trading Levels<\/strong><\/h3>\n

12-07-2020<\/p>\n

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Weekly Levels<\/h2>\n

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Reports, First Notice (FN), Last trading (LT) Days for the Week:<\/h3>\n

https:\/\/mrci.com<\/a><\/p>\n

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Date Reports\/Expiration Notice Dates<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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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<\/a>. 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<\/p>\n","protected":false},"excerpt":{"rendered":"

Cannon Futures Weekly Letter Issue # 1031 Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Trading 101: Knowing What You Don’t Know in Trading Markets From our friend\u00a0Jim Wyckoff at JimWyckoff.com The headline of this educational feature may be a bit confusing, but I will explain what I […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379],"tags":[1384,18,177,1385,1383],"class_list":["post-16418","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","tag-copper-futures","tag-day-trading","tag-discount-brokers","tag-discount-trading","tag-metals"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=16418"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16418\/revisions"}],"predecessor-version":[{"id":16423,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16418\/revisions\/16423"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}