With the recent volatility across markets, we have seen margins increase in some markets as well as wild swings and extreme volatility in many markets. For some, it can cost the full account value but doesn’t need to. These volatile times require MAJO
In This Issue
1. Trading 102: Resources to help you navigate these trubulent times
2. Hot Market Report: Crude Oil negative prices and more...
3. Economic Calendar
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Good Trading!
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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 |
---|---|---|
04/24 Fri |
7:30 AM CDT - Durable Goods-Ex Transportation(Mar)
7:30 AM CDT - Durable Orders(Mar) 9:00 AM CDT - Univ of Mich Consumer Sentiment-Final(Apr) 2:00 PM CDT - Cattle On Feed |
FN: May Cotton(NYM)
LT: Apr Bitcoin(CME) May 2,5,10 Year Notes Options(CBT) May Bonds Options(CBT) May Canola Options(CBT) May Wheat Options(CBT) May Corn Options(CBT) May Oats Options(CBT) May Rough Rice Options(CBT) May Soybeans,Soymeal,Soyoil Options(CBT) |
04/27 Mon |
3:00 PM CDT - Crop Progress
|
LT: May Copper Options(CMX)
May Gold & Silver Options(CMX) May Natural Gas Options(NYM) May RBOB & ULSD Options(NYM) |
04/28 Tue |
8:00 AM CDT - S&P Case-Shiller Home Price Index(Feb)
9:00 AM CDT - Consumer Confidence(Apr) 3:30 PM CDT - API Energy Stocks |
LT: Apr Copper(CMX)
Apr Gold & Silver(CMX) Apr Platinum & Palladium(NYM) Apr Butter & Milk(CME) May Natural Gas(NYM) Apr Butter & Milk Options(CME) |
04/29 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Chain Deflator-Adv(Q1) 7:30 AM CDT - GDP-Adv(Q1) 7:30 AM CDT - GDP Deflator(Q1) 9:00 AM CDT - Pending Home Sales(Mar) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - FOMC Rate Decision 2:00 PM CDT - Dairy Products Sales |
FN: May Natural Gas(NYM)
|
04/30 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Employment Cost Index(Q1) 7:30 AM CDT - PCE Prices(Mar) 7:30 AM CDT - PCE Prices-Core(Mar) 7:30 AM CDT - Personal Income & Spending(Mar) 8:45 AM CDT - Chicago PMI(Apr) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
FN: May Copper(CMX)
May Gold & Silver(CMX) May Platinum & Palladium(NYM) May 2,5,10 Year Notes(CBT) May Bonds(CBT) May Wheat(CBT) May Corn(CBT) May Oats(CBT) May Rough Rice(CBT) May Soybeans,Soymeal,Soyoil(CBT) LT: Apr Black Sea Wheat(CME) Apr Fed Funds(CME) Apr Live Cattle(CME) Apr Feeder Cattle(CME) May RBOB & ULSD(NYM) May Sugar-11(ICE) Apr Black Sea Wheat Options(CME) Apr Fed Funds Options(CME) Apr Feeder Cattle Options(CME) May Lumber Options(CME) |
05/01 Fri |
9:00 AM CDT - Construction Spending(Mar)
9:00 AM CDT - ISM Manufacturing Index(Apr) 1:00 PM CDT - Auto & Truck Sales(Apr) 2:00 PM CDT - Cotton System 2:00 PM CDT - Fats & Oils 2:00 PM CDT - Grain Crushings |
FN: May Orange Juice(ICE)
May Sugar-11(ICE) LT: May Live Cattle Options(CME) Jun Cocoa Options(ICE) |
05/04 Mon |
9:00 AM CDT - Factory Orders(Mar)
3:00 PM CDT - Crop Progress |
FN: May RBOB & ULSD(NYM)
|
05/05 Tue |
7:30 AM CST - Adv Intl Trade In Goods(Mar)
7:30 AM CST - Adv Retail Inventories(Mar) 7:30 AM CST - Adv Wholesale Inventories(Mar) 7:30 AM CST - Trade Balance(Mar) 3:30 PM CST - API Energy Stocks |
|
05/06 Wed |
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Change(Apr) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: May Cotton(NYM)
|
05/07 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Productivity-Prel(Q1) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Consumer Credit(Mar) 3:30 PM CDT - Money Supply |
|
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!