Cannon Trading Co. Inc.
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Cannon Trading Co. Inc. Weekly Newsletter

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Hot Market Report

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July 12th, 2006 — Issue #335

 


 

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Hot Market Report

SEP '06 SWISS FRANC ** FIGHTING BACK **

- The SEP '06 SWISS FRANC fought its way back into a higher lean Tuesday, and is looking to continue with action sustained above 8152. A penetration of 8227 keeps this currency in a Bull lean, targeting 8244 and 8262. A stall here is projected. However, a breach of 8305 gives this currency the legs for an extended run, targeting 8358. 8421 and 8446 are the next key objectives with 8500 as the current extreme.

- Trading below 8187 has this market in an immediate lower digest, pressing 8152. Negative ideas need to find support above here. Otherwise, this contract flirts with an exhaustive slide, targeting 8105. The 8066 - 8050 support band is the last chance for a stand. Any held weakness below here has the potential to extend losses down to 7969 and 7885.

Want more reports like this? Sign up for a free Price Map trial from JS Services.


Disclaimer: There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing in this newsletter is intended to be a trading recommendation for you to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information in this newsletter.

 

 

Economic Reports and Expiration Notices

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
07/13
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Gas Storage
1:00 PM CDT - Treasury Budget(Jun)
3:30 PM CDT - Money Supply

 
 
 
07/14
Fri
7:30 AM CDT - Business Inventories(May)
7:30 AM CDT - Import & Export Prices(Jun)
7:30 AM CDT - Retail Sales(Jun)
8:50 AM CDT - Michigan Sentiment-Prel(Jul)
2:00 PM CDT - Dairy Products Prices
LT: July Corn(CBT)
July Oats(CBT)
July Wheat(CBT)
July Soybeans(CBT)
July Soy Meal & Oil(CBT)
July Lumber(CME)
July Cocoa(NYBOT)
July Currencies(CME)
07/17
Mon
7:30 AM CDT - NY Empire State Index(Jul)
8:15 AM CDT - Capacity Util & Indus Prod(Jun)
 
 
FN: Jul Lumber(CME)
LT: Jul LIBOR(CME)
Jul LIBOR Options(CME)
Jul Lean Hogs(CME)
Jul Lean Hogs Options(CME)
Jul US T-Bill(CME)
Jul Eurodollar Options(CME)
Aug Crude Oil Options(NYM)
07/18
Tue
7:30 AM CDT - PPI & Core PPI(Jun)
8:00 AM CDT - Net Foreign Purchases(May)
 
 
LT: Jul GSCI(CME)
 
 
 
07/19
Wed
7:30 AM CDT - Housing Starts & Building Permits(Jun)
7:30 AM CDT - CPI & Core CPI(Jun)
9:30 AM CDT - API & DOE Energy Stats
 
LT: Jul Coffee(NYBOT)
Aug Platinum Options(NYM)
Aug E-Mini Crude Oil(eNYM)
 
07/20
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - Leading Indicators(Jun)
9:30 AM CDT - EIA Gas Storage
11:00 AM CDT - Philadelphia Fed(Jul)
1:00 PM CDT - FOMC Minutes(Jun 29)
3:30 PM CDT - Money Supply
LT: Jul Rough Rice(CBT)
Aug Crude Oil(NYM)
 
 

 


 

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

*** 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 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 exercisetheir own judgment in trading!