April 1st, 2016 - Issue #823
In This Issue
1. UPDATES: ICE data, Trading Systems
2. Hot Market: Corn Hammered by Shockingly Bearish USDA Report
3. Economic Calendar
1. UPDATES: ICE data, Trading Systems
The ICE exchange has started charging users for real time data. The cost is $110 per month. Main markets that trade on ICE are:
• Softs: Coffee, Sugar, Cotton, OJ
• Mini Russell 2000
• Dollar Index
• Mini Gold, Mini Silver and a few others
• Please see the full notice
• We have created a quick delayed quote board for those who wish to follow quotes on delayed basis. You can create and save your own delayed custom quotes on our site as well.
• Feel free to call us at 800-454-9572 or +310-859-9572 or via the web with any questions
Trading Systems
• Advantages of trading systems include:
• Diversification
• Could be in addition to your own trading not instead
• Participate in ALGO trading
• Possible diversification from stock market exposure
• Ability to participate in futures trading even if you do NOT have the time
• Fully automated/ hands off. We do the execution on your behalf, you can view positions in real time
• View real-time results, systems rankings, recent trades and much more by filling out the short form below:
View Systems Instantly
Cannon Trading respects your privacy and will never give this information to a 3rd party.2. Hot Market: Corn Hammered by Shockingly Bearish USDA Report
From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
The corn market was dealt a shockingly bearish blow Thursday when the USDA released a U.S. planted acreage report that showed a number way above market expectations.
Corn futures prices fell to a new contract low and saw the biggest one-day drop in a long time. There is longer-term chart support at $3.46 1/2.
If that key level is breached, then the door would be opened to a move to longer-term technical support at $3.19, basis nearby futures.
If the bulls can hold prices stable in the coming sessions, that would indicate there is little downside pressure left in this already beaten-up market.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 04/04 Mon |
9:00 AM CDT - Factory Orders(Feb) |
FN: Apr Live Cattle(CME) Apr RBOB & ULSD(NYM) |
| 04/05 Tues |
7:30 AM CDT - Trade Balance(Feb) 9:00 AM CDT - ISM Services(Mar) |
|
| 04/06 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - FOMC Mintues 2:00 PM CDT - Diary Products Prices |
|
| 04/07 Thurs |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 2:00 PM CDT - Consumer Credit(Feb) |
|
| 04/08 Fri |
9:00 AM CDT - Wholesale Inventories(Feb) |
LT: May Sugar-16(ICE) Apr Canadian Dollar Options(CME) Apr Currencies Options(CME) Apr US Dollar Index Options(ICE) May Coffee Options(ICE) |
* 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 exercise their own judgment in trading!
