Trade Alert ES June Futures Long-Profit Target $2025/Contract Date: May 26th, 2021 Market: E-mini-S&P Month(s): June 21 Rational: The S&P is coiling here within the globex level as of 4187-4202. We do have a few globex traps slightly outside of the range where we could see a few bounces. However, I do see an opportunity with a buy zone on a 4-hour chart at the 4155-4142 area. The target will be just below the 4200 level and above the opening magnet of orders. Trade: Buy E-mini-S&P Buy 1 June E-mini-S&P Future at 4155 with a Stop at 4140. Target at 4195.25 Estimated margin requirement: $ 750 (day trading margin) Profit Potential: $ 2000 (Net of all commissions and fees) Max Loss with Stop in place: $ 775 (Net of all commissions and fees) Max Loss with Stop in place unlimited Please contact Austin for appropriate risk management techniques. Austin at Cannon Trading if interested receiving all of our trading alerts across all markets. 310-858-6119 or austin@cannontrading.com The recommendations contained in this letter are of opinion only and do not guarantee any profits. This is for education purposes. Good trading to you. The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Past performance is not indicative of future results. All opinions, trade recommendations, and data disseminated by the provider are subject to change at any time, with no obligation to inform recipients. Customers subscribing to alerts via email, text, or other means of electronic communication may experience materially different performance due to factors such as, but not limited to: timeliness of order placement, slippage, commissions and fees, and order routing delays. Buy 1 June E-mini-S&P Future at 4155 with a Stop at 4140. Target at 4195.25 Date: 5/26/21 Market: E-mini-S&P Month: June(M) The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Past performance is not indicative of future results. All opinions, trade recommendations, and data disseminated by the provider are subject to change at any time, with no obligation to inform recipients. Customers subscribing to alerts via email, text, or other means of electronic communication may experience materially different performance due to factors such as, but not limited to: timeliness of order placement, slippage, commissions and fees, and order routing delays.
Trade Alert CLN21 Futures Short-Profit Target $2350/Contract Date: May 26th, 2021 Market: Crude Oil Month(s): July 21 Rational: Crude Oil is having significant pullbacks when getting up towards the 66.40 level. Looks like a significant imbalance from 66.60-67.03. Looking to get short once it hits our 4-hour shorting zone. If you zoom out to the daily candle you can see this area has been touched 4 previous times. Trade: Short Crude Oil Short 1 July 21 Crude oil future at 66.61 with a stop at 67.07. Target 64.26 Estimated margin requirement: $ 5,830 (day trading margin) Profit Potential: $ 2325 (Net of all commissions and fees) Max Loss with Stop in place: $ 495 (Net of all commissions and fees) Trade Management: If trading multiple contracts looking to take half of position on a wait and see basis. Please contact Austin for appropriate risk management techniques. Austin at Cannon Trading if interested receiving all of our trading alerts across all markets. 310-858-6119 or austin@cannontrading.com The recommendations contained in this letter are of opinion only and do not guarantee any profits. This is for education purposes Good trading to you. The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Past performance is not indicative of future results. All opinions, trade recommendations, and data disseminated by the provider are subject to change at any time, with no obligation to inform recipients. Customers subscribing to alerts via email, text, or other means of electronic communication may experience materially different performance due to factors such as, but not limited to: timeliness of order placement, slippage, commissions and fees, and order routing delays. Short 1 July 21 Crude oil future at 66.61 with a stop at 67.07. Target 64.26 Date: 5/26/21 Market: Crude Oil Month: July(N) The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Past performance is not indicative of future results. All opinions, trade recommendations, and data disseminated by the provider are subject to change at any time, with no obligation to inform recipients. Customers subscribing to alerts via email, text, or other means of electronic communication may experience materially different performance due to factors such as, but not limited to: timeliness of order placement, slippage, commissions and fees, and order routing delays.
weekly levels below. Daily levels for Monday as well as Weekly newsletter is now available for viewing here.
Tomorrow, June 10th is rollover day in US stock index futures. Starting tomorrow many traders will start trading the SEPTEMBER contract rather than the JUNE contract. Symbol for Sept. is U. Example: ESU21 The rollover period will be complete by next Friday when June contracts expire into cash. Here are a few pointers from Austin Lachapelle (@austin.cannon ), Cannon Trading Broker: With the volume looking to change in the equity indices my recommendation is to make sure you are trading strategies on larger time-frames till the end of this week. If using volume indicators be more cautious on the data that has been gathered. The June contract will start rolling into the September tomorrow. I recommend switching your charts and trading to the September month by days end. Be a little more cautious on the close Thursday and Friday as larger players will begin to sell the June and could possibly be more cautious when buying the September at these levels. Tomorrows levels published today will still show June contract until the Sept. volume is higher. To get the Sept. levels do the following: Substract 9 points for the Sept. ES Substract 95 points for the Sept. YM Substract 10 points for the Sept. NQ Substract 3 points for the Sept. RTY
Starting tomorrow MAKE sure to trade September currencies as well. Starting tomorrow many traders will start trading the SEPTEMBER contract rather than the JUNE contract. Symbol for Sept. is U. Example: ESU21 The rollover period will be complete by next Friday when June contracts expire into cash. Here are a few pointers from Austin Lachapelle, Cannon Trading Broker: With the volume looking to change in the equity indices my recommendation is to make sure you are trading strategies on larger time-frames till the end of this week. If using volume indicators be more cautious on the data that has been gathered. The June contract will start rolling into the September tomorrow. I recommend switching your charts and trading to the September month by days end. Be a little more cautious on the close Thursday and Friday as larger players will begin to sell the June and could possibly be more cautious when buying the September at these levels. Tomorrows levels published today will still show June contract until the Sept. volume is higher. To get the Sept. levels do the following: Substract 9 points for the Sept. ES Substract 95 points for the Sept. YM Substract 10 points for the Sept. NQ Substract 3 points for the RTY Add 9 points for the euro ( 6E)