Enhance your trading with a series of short videos on topics such as range bars, support & resistance, parabolics, price confirmation and much more. We also take a look at a weekly chart of the soybeans futures market.
1. Softs Agriculture Report: Coffee, Sugar, Cotton Weather, Facts and Outlook
AGRICULTURE COMMODITIES MONTHLY REPORT
SOFTS: Fast Facts is a monthly update on the soft commodities market sent to you compliments of ICE Futures U.S. The newsletter is provided by J. Ganes Consulting, LLC, and includes Exchange updates. Click on the button below to access this month's issue.
In this month's report:
• Softs Snapshot: What has Changed and What has Not?
• Stats of the Month
• Watching the Weather
• Fundamental Favorites: Cotton Still Top Pick
• ICE Update: Independence Day Holiday Schedule
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2. Hot Market: Crude Oil Powers to 7-Month High Amid Solid Uptrend
Nymex crude oil futures this week have pushed to a seven-month high as a solid price uptrend is in place on the daily bar chart.
The bulls are in firm near-term technical control, which means the path of least resistance for prices will remain sideways to higher in the near term.
The rally in crude oil is bullish news for the rest of the raw commodity sector, too.
The raw commodity sector continues to move out of a bust cycle and into a boom cycle that is likely to last a few years.
LT: Jun Currencies(CME)
Jun Mx Peso(CME)
Jun US Dollar Index(ICE)
Jun Eurodollar Options(CME)
7:30 AM CDT - Export(ex-ag) & Import Prices(ex-oil)(May)
7:30 AM CDT - Retail Sales(May)
7:30 AM CDT - Retail Sales(ex-auto)(May)
9:00 AM CDT - Business Inventories(Apr)
FN: Jun US Dollar Index(ICE)
LT: Jun Canadian Dollar(CME)
Jun Lean Hogs(CME)
Jun Lean Hogs Options(CME)
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Core PPI & PPI(May)
7:30 AM CDT - Empire Manufacturing(Jun)
8:15 AM CDT - Capacity Util & Industrial Prod(May)
9:30 AM CDT - API & DOE Energy Stats
11:00 AM CDT - NOPA Crush
1:00 AM CDT - FOMC Rate Decision(Jun)
2:00 PM CDT - Dairy Products Sales
3:00 PM CDT - Net Long-Term TIC Flows(Apr)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Core CPI & CPI(May)
7:30 AM CDT - Current Account Balance(Q1)
7:30 AM CDT - Philadelphia Fed(Jun)
9:00 AM CDT - NAHB Housing Market Index(Jun)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
LT: Jul Crude Lt Options(NYM)
7:30 AM CDT - Building Permits & Housing Starts(May)
FN: Jul Cocoa(ICE)
LT: Jun E-Mini Dow(CME)
Jun E-Mini S&P 500(CME)
Jun E-Mini NASDAQ(CME)
Jun E-Mini Dow Options(CME)
Jun E-Mini S&P 500 Options(CME)
Jun NASDAQ Options(CME)
Jun Russell Options(CME)
Jul Orange Juice 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!
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.