Cannon Trading Blog "Support & Resistance Levelis nominated for the STAR award by traderplanet.com which is very nice to hear and know that the work and amount of time we put into the blog is not going unnoticed!
1. Cannon Trading DAILY blog is nominated for the STAR awards!
Cannon Trading Blog "Support & Resistance Level is nominated for the STAR award by traderplanet.com which is very nice to hear and know that the work and amount of time we put into the blog is not going unnoticed!
Cannon Trading Blog "Support & Resistance Level" provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading. To know more about our blog and blog post visit us at - https://www.cannontrading.com/tools/support-resistance-levels/
2. Hot Market Review - Crude Oil Sees Bullish Upside "Breakout" to Suggest Market Low in Place
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at www.jimwyckoff.com click on image below to enlarge
See on the daily bar chart for January Nymex crude oil futures that prices have seen a strong upside move, to produce a bullish upside "breakout" from the trading range at lower price levels. The upside breakout is a clue that the crude oil market has put in a low. Such is not only bullish for the crude oil market, but also bullish for the raw commodity sector, in general, as crude oil is its leader.
9:00 AM CST - JOLTS-Job Openings(Oct)
9:00 AM CST - Wholesale Inventories(Oct)
11:00 AM CST - WASDE Reprt & Crop Productio
FN: Jan14 Sugar-16(ICE)
12/11 Wed
6:00 AM CST - MBA Mortgage Purchase Index
9:30 AM CST - API & DOE Energy Stats
1:00 PM CST - Treasury Budget(Nov)
3:00 PM CST - Dairy Product Prices
12/12 Thurs
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - Export(ex-ag) & Import Prices(ex-oil)(Nov)
7:30 AM CST - Retail Sales(Nov)
7:30 AM CST - Retail Sales Ex-Auto(Nov)
9:00 AM CST - Business Inventories(Oct)
9:30 AM CST - EIA Gas Storage
3:30 PM CST - Money Supply
12/13 Fri
7:30 AM CST - Core PPI & PPI(Nov)
LT: Dec Wheat(CBT)
Dec Corn(CBT)
Dec Oats(CBT)
Dec Soymeal,Soyoil(CBT)
Dec Lean Hogs(CME)
Dec Cocoa(ICE)
Dec Lean Hogs Options(CME)
Jan14 Coffee Options(ICE)
12/16 Mon
7:30 AM CST - Empire Manufacturing(Dec)
7:30 AM CST - Productivity-Rev(Q3)
7:30 AM CST - Unit Labor Costs(Q3)
8:00 AM CST - Net Long-Term TIC Flows(Oct)
8:15 AM CST - Capacity Util & Industrial Prod(Nov)
11:00 AM CST - NOPA Crush
LT: Dec Currencies(CME)
Dec Eurodollar(CME)
Dec US Dollar Index(ICE)
Dec Eurodollar Opitons(CME)
Jan14 Crude Lt Options(NYM)
Jan14 Sugar-11 Options(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 exercise their own judgment in trading!
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.