Trading Levels for July 19th – Gold Breaking Upside?

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Housing starts followed by crude oil numbers will be the main focus tomorrow.

For most part stock indices are experiencing “summer trading” – lower volume and volatility. Keep that in mind while you are trading/ day trading.

Gold, silver as well as energies and grains seemed to break out to the upside with good volume today. Will watch closely for possible follow through.

 

Plan your trade and trade your plan. 

 

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 when it comes to Futures Trading.

Futures Trading Levels

7-18-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Economic Reports, Source: 

Forexfactory.com

 

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.

Selecting The Right Future Broker for You

Find out more about selecting a future broker that suits your specific needs here.

Selecting the right futures broker is crucial for traders and investors looking to participate in the futures and commodities markets. A reputable brokerage firm with a solid track record and regulatory compliance is essential to ensure a safe and reliable trading experience. In this article, we will delve into futures brokers and commodity brokers in the United States, with a focus on a brokerage firm that has been in business for over 30 years, enjoys a good reputation, and maintains a strong standing with regulators.

Futures brokers are financial intermediaries that facilitate the trading of futures contracts on behalf of their clients. These contracts allow market participants to buy or sell a specific asset (such as commodities, stock indexes, or interest rates) at a predetermined price and date in the future. Futures brokers act as a bridge between traders and the exchanges where these contracts are traded, executing orders and providing necessary services and support.

Commodity brokers, on the other hand, specialize in facilitating the trading of commodity futures contracts. Commodities are raw materials or primary agricultural products that can be bought and sold, such as oil, gold, wheat, or natural gas. Commodity brokers have a deep understanding of the unique dynamics and factors that impact commodity markets and assist clients in navigating these complex markets.

When choosing a futures or commodity broker, several factors should be considered:

  1. Reputation and Experience: Opting for a brokerage firm with a long-standing reputation and a history of successful operations is crucial. A firm that has been in business for over 30 years demonstrates stability and expertise in navigating the ups and downs of the market. A good reputation signifies reliability, integrity, and the ability to provide excellent customer service.
  2. Regulatory Compliance: It is vital to ensure that the broker is properly regulated and holds the necessary licenses to operate as a futures or commodity broker. In the United States, futures brokers are regulated by the Commodity Futures Trading Commission (CFTC) and are members of the National Futures Association (NFA). Verifying a broker’s regulatory status and reviewing their disciplinary history can provide insights into their adherence to industry standards.
  3. Trading Platforms and Technology: Evaluate the broker’s trading platforms and technological infrastructure. A user-friendly and robust trading platform is essential for executing trades efficiently and accessing real-time market data and research tools. Additionally, consider whether the broker offers mobile trading capabilities and other advanced features that align with your trading needs.
  4. Commission and Fee Structure: Compare the commission rates and fee structures offered by different brokers. Lower commissions can significantly impact trading costs, especially for active traders. It is crucial to understand the brokerage’s fee structure and any additional charges for services such as data feeds, platform usage, or account maintenance.

Now, let’s discuss a brokerage firm that meets the criteria mentioned above. One such example is E-Futures.com, a well-established firm with over 35 years of experience in the industry. E-Futures.com has a stellar reputation and has maintained good standing with regulators throughout its history. It is registered with the CFTC and is a member of the NFA, ensuring compliance with industry regulations.

E-Futures.com offers a range of trading platforms that cater to the needs of different types of traders, from beginners to advanced professionals. Their platforms provide robust functionality, intuitive interfaces, and access to extensive market research and analysis tools. Additionally, E-Futures.com is known for its responsive customer service, providing clients with prompt assistance and support.

When it comes to fees, E-Futures.com offers competitive commission rates and a transparent fee structure. They prioritize cost-efficiency while maintaining the quality of their services. Clients can benefit from competitive pricing, ensuring that trading costs are kept at a minimum.

To assess a broker’s reputation and standing with regulators, it is advisable to consult reliable sources for reviews and ratings. Independent financial publications, industry websites, and customer review platforms can provide valuable insights into the experiences of other traders and investors. Analyzing multiple sources of information can help you form a well-rounded opinion about a broker’s reputation and performance.

Selecting a reputable futures or commodity broker is crucial for traders and investors seeking to participate in these markets. When evaluating brokers, consider factors such as reputation, regulatory compliance, trading platforms, fees, and customer reviews. E-Futures.com serves as an example of a brokerage firm with over 35 years of experience, a good reputation, and a strong standing with regulators. Remember to conduct thorough research and due diligence to find a broker that aligns with your trading goals and preferences.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey at E-Futures.com today.

DisclaimerTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

Trading Levels for July 12th – CPI, Beige Book and More!

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Busy day tomorrow with CPI, Beige Book, Crude Oil numbers and more.

be ready for a change of pace in price action compare to the last 2 days.

Check out our educational resources!

 

 

Plan your trade and trade your plan. 

Projecting possible targets when trading futures

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 when it comes to Futures Trading.

Futures Trading Levels

7-12-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Economic Reports, Source: 

Forexfactory.com

 

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.

The Importance of FOMC Meetings for Futures Traders & Levels for June 14th

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The Importance of FOMC Meetings for Futures Traders

Futures traders are constantly seeking information and insights that can help them make informed trading decisions. One crucial event that captures the attention of futures traders around the world is the Federal Open Market Committee (FOMC) meetings. These meetings, conducted by the Federal Reserve, have a significant impact on financial markets, including the futures market. In this article, we will explore the importance of FOMC meetings for futures traders and how they can utilize the information to their advantage.

Firstly, it is important to understand what the FOMC is and why its meetings are significant. The FOMC is the monetary policymaking body of the Federal Reserve System, responsible for formulating policies that influence interest rates and the overall direction of the U.S. economy. The committee consists of the seven members of the Federal Reserve Board and five of the twelve regional Federal Reserve Bank presidents. The committee meets eight times a year to assess economic conditions, discuss monetary policy options, and make decisions regarding interest rates.

For futures traders, the decisions made during FOMC meetings can have a profound impact on the financial markets. One of the key areas of focus for futures traders is interest rates. Changes in interest rates can affect the cost of borrowing, consumer spending, business investments, and overall economic growth. Futures traders closely watch FOMC meetings for any hints or indications of potential changes in interest rates. These rate decisions can directly impact various futures contracts, including interest rate futures, currency futures, and stock index futures.

The FOMC meetings also provide valuable insights into the overall economic outlook. During these meetings, committee members discuss economic indicators, such as GDP growth, inflation rates, employment figures, and consumer spending. The statements and press conferences following the meetings offer traders a glimpse into the Fed’s assessment of the economy’s health and its future direction. Futures traders analyze this information to gauge the overall sentiment and potential market movements.

Cannon Trading Company, a renowned brokerage firm, recognizes the significance of FOMC meetings for futures traders. As an established provider of trading services, Cannon Trading Company offers its clients access to a wide range of futures markets, including E-Mini contracts. E-Mini contracts, such as E-Mini S&P 500 and E-Mini Nasdaq 100, are among the most actively traded futures contracts. Traders at Cannon Trading Company rely on the insights gained from FOMC meetings to make informed trading decisions in these markets.

The information obtained from FOMC meetings is particularly valuable for futures traders engaged in short-term trading strategies. These traders often take advantage of price volatility and short-term trends in the futures market. The announcements and press conferences following FOMC meetings often trigger significant price movements and increased trading volumes. Futures traders who are well-informed about the decisions and statements made during the meetings can capitalize on these opportunities.

In addition to interest rates and economic outlook, futures traders also pay attention to any changes in the Fed’s monetary policy stance. The FOMC may announce changes to its quantitative easing programs or provide guidance on its future plans. Such announcements can impact the bond market, currency markets, and commodity futures. Futures traders rely on this information to adjust their trading strategies and positions accordingly.

In conclusion, FOMC meetings hold immense importance for futures traders. The decisions, statements, and insights gained from these meetings have a direct impact on the futures market, including interest rate futures, currency futures, and stock index futures. Traders rely on this information to assess the direction of interest rates, gauge the overall economic outlook, and adjust their trading strategies accordingly. Companies like Cannon Trading Company offer traders access to these markets and recognize the significance of FOMC meetings in providing valuable insights for successful trading. By staying informed about the FOMC meetings and their outcomes, futures traders can gain a competitive edge in the dynamic world of futures trading.

The following are my PERSONAL suggestions on trading during FOMC days:

 

·    Reduce trading size

·    Be extra picky = no trade is better than a bad trade

·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

·    Expect the higher volatility during and right after the announcement

·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.

·    Know what the market was expecting, learn what came out and observe market reaction for clues

·    Be patient and be disciplined

·    If in doubt, stay out!!

Plan your trade and trade your plan. 

Projecting possible targets when trading futures

watch Video Below:

Projecting possible targets when trading futures

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 when it comes to Futures Trading.

Futures Trading Levels

6-14-2023

 

Economic Reports, Source: 

Forexfactory.com

 

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.

Live Cattle All Time Highs! + Trading Levels 6.08.2023

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Live Cattle All Time Highs

By Mark O’Brien, Senior Broker

General:

We’re in the midst of a relatively quiet calendar week for economic reports with the highlight coming Friday with the latest USDA crop production and world supply & demand report (11:00 A.M. Central Time release).

Livestock:

Cattle futures prices closed lower – down $2.12 to $173.37 per hundredweight (cwt), basis August – for the first time in ten straight trading sessions going back to May 24th, but not before trading up ±$2.50/cwt to new all-time highs above $178.00/cwt. This caps off a month-long price increase of almost $19.00/cwt – a $7,600 per contract move – starting the first week of May. This year’s U.S. domestic cattle herd is at its lowest headcount in eight years and poor pasture conditions in major feeding ground states (Texas, Oklahoma, Kansas and Nebraska) due to drought conditions there threaten to keep prices elevated for the near term. On the demand side, albeit ±8% off its 30-year high point between Jan. and April of last year, wholesale beef demand remains strong. As can be the price catalyst for so many agricultural commodities, mother nature will play a key roll in influencing cattle prices as we enter summer. Much needed rain over important cattle pasturage acres can improve feed crop conditions as well as yield, thus bring down prices of a component of overall cattle prices. Prolonged drought conditions point to new record high beef prices this summer.

Monthly Chart of Live Cattle Below

Plan your trade and trade your plan. 

Live Cattle Futures; LEQ23

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 when it comes to Futures Trading.

Futures Trading Levels

6-07-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

Economic Reports, Source: 

Forexfactory.com

 

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.