Feb Crude oil was up by nearly four percent($64.09) after a US airstrike killed Iranian General. Markets could be fearing that Iran may retaliate against the killing of the general by attacking the US. This tension could affect worldwide oil supplies sin
In This Issue
1. (Day)Trading Got You Frustrated? Take a look at a simpler Approach to trading futures
2. Hot Market Report: Crude Oil Volatility Jumps as US Attacks in Iraq
3. Economic Calendar
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This week’s highlighted Market is Crude Oil. Crude Oil is part of the energy sector along with "it's" brothers "RBOB - Unleaded gas" and heating oil and cousin, natural gas. All traded on the NYMEX/GLOBEX exchange.
On a different note, Crude Oil futures are fastly becoming one of the more popular contracts for day-trading as volatility, speed, price fluctuations are all there for the double edge sword, day-traders love.
Keep in mind that the GLOBEX/NYMEX also offers the mini Crude oil contract which is half the size and may be a good alternative for smaller/ begginer traders.Source: Moore Research Center, Inc.
Date | Reports | Expiration & Notice Dates |
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01/03 Fri |
7:30 AM CST - USDA Weekly Export Sales
9:00 AM CST - Construction Spending(Nov) 9:30 AM CST - EIA Natural Gas Report 1:00 PM CST - Auto & Truck Sales(Dec) |
FN: Jan RBOB & ULSD(NYM)
LT: Jan Canadian Dollar Options(CME) Jan Currencies Options(CME) Jan Mx Peso Options(CME) Jan US Dollar Index Options(ICE) Jan Live Cattle Options(CME) Feb Cocoa Options(ICE) |
01/06 Mon |
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01/07 Tue |
7:30 AM CST - Adv Intl Trade In Goods(Nov)
7:30 AM CST - Adv Retail Inventories(Nov) 7:30 AM CST - Adv Wholesale Inventories(Nov) 7:30 AM CST - Trade Balance(Nov) 9:00 AM CST - Factory Orders(Nov) |
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01/08 Wed |
6:00 AM CST - MBA Mortgage Index
7:15 AM CST - ADP Employment Change(Dec) 9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Consumer Credit(Nov) 2:00 PM CST - Dairy Products Sales |
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01/09 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
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01/10 Fri |
7:30 AM CST - Nonfarm Payrolls(Dec)
7:30 AM CST - Ave Workweek & Hourly Earnings(Dec) 7:30 AM CST - Unemployment Rate(Dec) 9:00 AM CST - Wholesale Inventories(Nov) 11:00 AM CST - WADSE Report & Crop Production(& Ann.) 11:00 AM CST - Winter Wheat Seedings 11:00 AM CST - Grains Stocks |
LT: Jan Orange Juice(ICE)
Jan Eurodollar Options(CME) Feb Coffee Options(ICE) |
01/13 Mon |
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LT: Jan Eurodollar(CME)
Jan Mx Peso(CME) |
01/14 Tue |
7:30 AM CST - Core CPI & CPI(Dec)
3:30 PM CST - API Energy Stocks |
LT: Jan Canola(CBT)
Jan Rough Rice(CBT) Jan Soybeans,Soymeal,Soyoil(CBT) |
01/15 Wed |
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Core PPI & PPI(Dec) 7:30 AM CST - Empire State Manufacturing(Jan) 9:30 AM CST - EIA Petroleum Status Report 11:00 AM CST - NOPA Crush 2:00 PM CST - Dairy Products Sales |
LT: Jan Lumber(CME)
Feb Crude Lt Options(NYM) Feb Platinum & Palladium Options(NYM) Feb Sugar-11 Options(ICE) |
01/16 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Export(ex-ag) & Import(ex-oil) Prices(Dec) 7:30 AM CST - Retail Sales(Dec) 7:30 AM CST - Retail Sales Ex-Auto(Dec) 7:30 AM CST - Philadephia Fed Index(Jan) 9:00 AM CST - Business Inventories(Nov) 9:00 AM CST - NAHB Housing Market Index(Jan) 9:30 AM CST - EIA Natural Gas Report 2:00 PM CST - Net Long-Term TIC Flows(Nov) 3:30 PM CST - Money Supply |
FN: Jan Lumber(CME)
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FN=First Notice, OE=Option Expiration, LT=Last Trade |
* 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!