{"id":20923,"date":"2025-01-31T13:21:56","date_gmt":"2025-01-31T21:21:56","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20923"},"modified":"2025-01-31T13:53:30","modified_gmt":"2025-01-31T21:53:30","slug":"may-wheat-futures-20923-2","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/may-wheat-futures-20923-2\/","title":{"rendered":"The Week Ahead: Key Market Moves, May Wheat Futures, &#038; Futures Trading Insights"},"content":{"rendered":"<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887844-447\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1661369887844-184\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887844-362\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<h2 align=\"center\">Cannon Weekly Newsletter #1228<\/h2>\n<h3 style=\"text-align: center;\">May Wheat Futures<\/h3>\n<p>Join our\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener\">Private Facebook group<\/a><\/p>\n<p>Subscribe to our\u00a0<a href=\"https:\/\/www.youtube.com\/channel\/UCf-asPYp_40m1unYPKpUhaw\" target=\"_blank\" rel=\"noopener\">YouTube Channel<\/a><\/p>\n<p>Listen to our podcast: Subscribe on\u00a0<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/cannon-trading-podcast\/id1741750047\" target=\"_blank\" rel=\"noopener\">Apple<\/a>,\u00a0<a href=\"https:\/\/open.spotify.com\/show\/2f2XDpcODSZAo2gMFNTKlq\" target=\"_blank\" rel=\"noopener\">Spotif<\/a>y,\u00a0<a href=\"https:\/\/music.amazon.com\/podcasts\/98ecd233-c16f-4418-8d6f-89f94e41f3b7\/cannon-trading-podcast\" target=\"_blank\" rel=\"noopener\">Amazon<\/a>,\u00a0or wherever you listen to podcasts!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1700847609245-382\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1700847609268-960\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1700847609288-714\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-269\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-844\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-511\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-20930 aligncenter\" src=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2025\/01\/Grains-300x190.png\" alt=\"\" width=\"602\" height=\"381\" title=\"\" srcset=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2025\/01\/Grains-300x190.png 300w, https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2025\/01\/Grains.png 723w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>In this issue:<\/strong><\/p>\n<ul>\n<li>StoneX\/E-Futures Platform Updates<\/li>\n<li>\u00a0The Week Ahead &#8211;\u00a0NFP, GOOG and AMZN, Fed Speeches, Full Week!<\/li>\n<li>Futures 102\u00a0&#8211; FREE Trading Course &#8211; Option Greeks<\/li>\n<li>Hot Market of the Week &#8211;\u00a0May Wheat<\/li>\n<li>Broker&#8217;s Trading System of the Week &#8211;\u00a0ES intraday System<\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" bgcolor=\"#000000\" data-cpeid=\"w-1722004834002-426\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-366\">\n<table class=\"divider\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-794\">\n<tbody>\n<tr>\n<td class=\"divider_container\" align=\"center\" valign=\"top\" width=\"100%\">\n<table class=\"divider_content-row\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"divider_content-cell\" align=\"center\" bgcolor=\"#3661BD\" height=\"1\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-144\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-723\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1734122174375-130\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">To our clients whose accounts are with StoneX and currently using the E-Futures Platform:<\/p>\n<ul>\n<li>The new StoneX Futures platform is up and running.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Your existing LIVE user name and password will be accepted.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Your existing exchange data subscriptions will migrate to the new platform.<\/li>\n<\/ul>\n<ul>\n<li>To login to the new trading interface please login here:<\/li>\n<\/ul>\n<p><a href=\"https:\/\/m.cqg.com\/stonexfutures\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/m.cqg.com\/stonexfutures<\/a><\/p>\n<ul>\n<li>If you are a\u00a0current client with funds in your account, you can login to the live platform and have access to simulated account so you can practice. Simply login, click on the account number ( top right corner) and select the Demo\/Sim account in yellow!<\/li>\n<\/ul>\n<ul>\n<li>If you are not a client and like a demo ( and did not have a demo of StoneX Futures yet)\u00a0<a href=\"https:\/\/www.cannontrading.com\/cannon-x-demo\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK HERE<\/a><\/li>\n<\/ul>\n<ul>\n<li>Please note that the E-Futures platform will be set to READ-ONLY and will no longer support trade execution after January 31st.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-564\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\"><strong>Important Notices &#8211;\u00a0Next Week Highlights:<\/strong><\/p>\n<p>The Week Ahead<\/p>\n<p><strong>By John Thorpe, Senior Broker<\/strong><\/p>\n<p>A full trading week ahead Non-Farm Payrolls Friday, the most impactful of the data reports the FED considers, 12 Fed Speakers, 2 more Trillion dollar market cap babies report earnings, 518 corporate earnings reports total as the meat of the season continues with GOOG, AMZN, and a cast of others listed below including other High Market cap companies reporting past earnings and futures guidance.<\/p>\n<p>Economic releases are relatively light this week with one exception: Non-Farm Payrolls pre-market Friday.\u00a0The Fed Speakers will return to the podium for the foreseeable future as we don\u2019t have another Fed rate decision until late March.<\/p>\n<p>&nbsp;<\/p>\n<p>Earnings Next Week:<\/p>\n<ul>\n<li>Mon. lite earnings<\/li>\n<li>Tue. GOOGLE, Merck, Pepsi, Advanced Micro Devices, Pfizer<\/li>\n<li>Wed. Disney, Qualcomm, ARM, Boston Scientific<\/li>\n<li>Thu.\u00a0 AMAZON, Eil Lilly, Phillip Morris, Honeywell<\/li>\n<li>Fri.\u00a0CBOE Global Markets<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>FED SPEECHES:<\/p>\n<ul>\n<li>Mon. Bostic 11:30 AM CST, Musalem 5:30 PM CST<\/li>\n<li>Tues. Bostic 10am CST, Daly 1 PM CST<\/li>\n<li>Wed. Barkin 8 am CST, Goolsbee 12:00 PM CST, Bowman 2:00 PM, Jefferson 6:30 PM CST<\/li>\n<li>Thu. Waller 11:30 CST, Daly 2:30 CST<\/li>\n<li>Fri. Bowman, 7:25 am CST, Kugler\u00a011:00 am CST<\/li>\n<\/ul>\n<p>Economic Data week:<\/p>\n<ul>\n<li>Mon. ISM Manufacturing, Construction Spending<\/li>\n<li>Tues.\u00a0Redbook, JOLTS,<\/li>\n<li>Wed. ISM Svcs<\/li>\n<li>Thur. Initial Jobless Claims,<\/li>\n<li>Fri.\u00a0Non-Farm Payrolls, Michigan Consumer Sentiment<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004972780-821\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004972816-610\">\n<table class=\"divider\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-224\">\n<tbody>\n<tr>\n<td class=\"divider_container\" align=\"center\" valign=\"top\" width=\"100%\">\n<table class=\"divider_content-row\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"divider_content-cell\" align=\"center\" bgcolor=\"#3661BD\" height=\"1\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/1101116784221\/S.gif\" alt=\"\" width=\"5\" height=\"1\" border=\"0\" hspace=\"0\" vspace=\"0\" title=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1727983482139-179\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1727983482178-747\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1727983482215-603\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<h1>Futures 102:\u00a0Option Greeks<\/h1>\n<h2>Course Overview<\/h2>\n<p>Option prices are driven by multiple variables including changes in the underlying price, interest rates, passage of time, and changes in the expected volatility in the market. Collectively, these are called \u201cthe Greeks\u201d because the symbols used to represent the sensitivities of these complex derivatives come from calculus and use the Greek Alphabet. Gain a basic understanding of how \u201cthe Greeks\u201d are integral to managing a portfolio of options.<\/p>\n<p><a href=\"https:\/\/www.cannontrading.com\/tools\/university\/courses?c=option-greeks\" target=\"_blank\" rel=\"noopener noreferrer\">Start Course.<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1733506807638-823\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1733506807678-535\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1737148905213-875\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\">\n<table class=\"image_container-caption text\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"text_content-cell\" align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/university\/courses?c=option-greeks\" target=\"_blank\" rel=\"noopener\" data-trackable=\"true\"><img decoding=\"async\" class=\"image_content\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/66a1ed65-65e8-4c15-96b6-983947a60ecd.png\" alt=\"\" width=\"175\" data-image-content=\"\" title=\"\"><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1700847609245-382\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1700847609268-960\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1733778495491-281\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\">\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1702586244085-576\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1702586244107-504\">\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1727983482139-179\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1727983482178-747\">\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1733506807638-823\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1733506807678-535\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1737148905213-875\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1733506807715-869\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/a4d902de-7319-4b6f-a58f-69a9df6d3b8f.png\" alt=\"\" title=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1733506807638-823\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1733506807678-535\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1733506807715-869\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1732565432017-178\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1732565432044-750\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1732565432068-681\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\">\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-932\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-826\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-244\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1727467050659-354\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1727467050659-847\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1727467050659-715\">\n<tbody>\n<tr>\n<td class=\"image_container\" align=\"center\" valign=\"top\">\n<ul>\n<li>\n<ul>\n<li>\n<h2>Hot Market of the Week<\/h2>\n<\/li>\n<\/ul>\n<p>Hot market of the week is provided by QT Market Center,\u00a0A Swiss army knife charting package that&#8217;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.<\/p>\n<p><a href=\"https:\/\/www.cannontrading.com\/software\/qt-market-center\" target=\"_blank\" rel=\"noopener noreferrer\">FREE TRIAL AVAILABLE<\/a><\/p>\n<p>May Wheat<\/p>\n<p>May wheat futures satisfied its first upside PriceCount objective to $5.82 and reacting with a corrective trade. At this point, IF the chart can resume its rally with new sustained highs, the second count would project a possible run to the $5.98 area.<\/p>\n<p>&nbsp;<\/p>\n<p align=\"center\">PriceCounts &#8211; Not about where we&#8217;ve been , but where we might be going next!<\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/41808abf-6b39-4f88-a466-ecf4e92a448f.png\" alt=\"\" title=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-904\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-968\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-703\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<div>\n<div>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 \u2018exact\u2019 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\u00a0<a href=\"http:\/\/www.qtchartoftheday.com\/\" target=\"_blank\" rel=\"noopener\">www.qtchartoftheday.com<\/a><\/div>\n<div><\/div>\n<div>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.<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-199\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1661369887845-585\">\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-233\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-818\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-986\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<h3>Broker&#8217;s Trading System of the Week<\/h3>\n<p>With\u00a0algorithmic\u00a0trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker&#8217;s choice for this month.<\/p>\n<h1>ES NZL<\/h1>\n<p>PRODUCT<\/p>\n<p>Mini SP500<\/p>\n<p>&nbsp;<\/p>\n<p>SYSTEM TYPE<\/p>\n<p>Day Trading<\/p>\n<p>&nbsp;<\/p>\n<p>Recommended Cannon Trading Starting Capital<\/p>\n<p>$36,000<\/p>\n<p>&nbsp;<\/p>\n<p>COST<\/p>\n<p>USD 199 \/ monthly<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=17519\" target=\"_blank\" rel=\"noopener noreferrer\">Get Started<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/demo2.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">Learn More<\/a><\/p>\n<p>NET, LIVE results below!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-555\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-635\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-637\">\n<tbody>\n<tr>\n<td class=\"image_container\" align=\"center\" valign=\"top\">\n<table class=\"image_container-caption text\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"text_content-cell\" align=\"center\"><img decoding=\"async\" class=\"image_content\" src=\"https:\/\/mlsvc01-prod.s3.amazonaws.com\/3dc00ef7001\/0a609d8c-b92b-403b-9e6b-6ac738000ef8.png\" alt=\"\" width=\"486\" data-image-content=\"\" title=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-354\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-466\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-377\">\n<tbody>\n<tr>\n<td class=\"image_container\" align=\"center\" valign=\"top\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/fbf0d7b6-0862-4338-85cf-697f87497f07.png\" alt=\"\" title=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-482\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-664\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-575\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<div>\n<div><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-811\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1722004834002-732\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-684\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<div>\n<div>The performance shown above is hypothetical in that the chart represents returns in a model account. The model\u00a0account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant\u00a0to the listed system\u2019s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available \u2013\u00a0by the hypothetical single contract profit and loss of trades generated by the system\u2019s trading signals on that day in\u00a0real time (real\u2010time) less slippage, or if no real time profit or loss available \u2013 by the hypothetical single contract profit\u00a0and loss of trades generated by running the system logic backwards on back adjusted data.\u00a0<a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001zny8lGqtfXPYeY09EseNDkhWdSiiVJVTEImmHILx1zWCF1h3Rwlqw0n26ZAEwOPyqsblA8LEGD6u5R7jNok446VgB6xtWcJGwXR5-6cP_YxzjVl9YoemkQ1yy4qmIybYp7qv-G6i11feAhAC6Nlu2i58nY0c77pbASKTXspa7zIa131NP0q-07Gezax3jLIO9ss1CPQYgW-JeGde_eguoA==&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener\">Please read full disclaimer HERE.<\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"button button--padding-vertical\" style=\"height: 30px;\" border=\"0\" width=\"5\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1722004834002-741\">\n<tbody>\n<tr>\n<td class=\"button_container content-padding-horizontal\" align=\"center\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-199\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1661369887845-585\">\n<table class=\"image image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-973\">\n<tbody>\n<tr>\n<td class=\"image_container\" align=\"center\" valign=\"top\">\n<h3 style=\"text-align: center;\"><strong>Daily Levels for February 3rd, 2025<\/strong><\/h3>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/773f6381-8a51-4ea3-8993-97d1ec3d55af.png\" alt=\"\" title=\"\"><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/820c712f-f614-495c-8984-d361bf2d99c3.png\" alt=\"\" title=\"\"><\/p>\n<h3><\/h3>\n<ul>\n<li>\n<h2><em><strong>Trading Reports for Next Week<\/strong><\/em><\/h2>\n<\/li>\n<\/ul>\n<div><\/div>\n<div>First Notice (FN), Last trading (LT) Days for the Week:<\/div>\n<div align=\"center\"><a href=\"http:\/\/www.mrci.com\/\" target=\"_blank\" rel=\"noopener\">www.mrci.com\u00a0<\/a><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/f3205079-fdfc-4c31-9a7e-c04a86e0de51.png\" alt=\"\" title=\"\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.trustpilot.com\/review\/cannontrading.com\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/377b038f-9e98-4ba9-acc6-157d4e8c9ae8.png\" alt=\"\" title=\"\"><\/a><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<div>Good Trading!<\/div>\n<div><\/div>\n<div>About:\u00a0Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.<\/div>\n<div><\/div>\n<div>Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You 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.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1732139067035-289\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1732139067095-837\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1732139067152-552\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Weekly Newsletter #1228 May Wheat Futures Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel Listen to our podcast: Subscribe on\u00a0Apple,\u00a0Spotify,\u00a0Amazon,\u00a0or wherever you listen to podcasts! &nbsp; In this issue: StoneX\/E-Futures Platform Updates \u00a0The Week Ahead &#8211;\u00a0NFP, GOOG and AMZN, Fed Speeches, Full Week! Futures 102\u00a0&#8211; FREE Trading Course &#8211; Option Greeks Hot Market of [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[238,1483,1379],"tags":[1324],"class_list":["post-20923","post","type-post","status-publish","format-standard","hentry","category-grain-futures","category-trading-wheat-futures","category-weekly-newsletter","tag-wheat-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20923","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=20923"}],"version-history":[{"count":10,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20923\/revisions"}],"predecessor-version":[{"id":20929,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20923\/revisions\/20929"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}