June 22nd, 2018 - Issue #925
In This Issue
1. iSystems - Let the ALGOs do the heavy lifting
2. Hot Market Report: Copper Futures Testing Support Levels
3. Economic Calendar
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1. iSystems - Let the ALGOs do the heavy lifting
iSystems is a trading platform that allows you the investor/trader to browse and view performance from over 1000 professionally designed systems.
You can browse statistics, performance, logic and much more.
A series 3 professional broker is here to assist you if you would like to evaluate any specific systems and even better how to create a diversified portfolio based on your risk profile and capital.
The capital requirements for each Algo range from just $1300.00 to $25,000.00 You can choose between day trading Algos and swing trading Algos.
Browse our iSystems menu here
To view our top 3 systems, we personally like here at Cannon along with the option to schedule a 15 minute consultation with a broker ( online meeting available as well), fill out the short form below:
View Systems
Cannon Trading respects your privacy and will never give this information to a 3rd party.
2. Hot Market Report: Copper Futures Testing Major Support level
By Ilan Levy-MayerClick on image below to enlarge
Copper belongs to the "metals family": Gold, Silver, Copper, Platinum, Palladium. All traded on the COMEX exchange.
Current copper fundamentals-
1. Global copper output up 7.1% in first three months of 2018! Output in Chile increased by 19%, mainly because production in 2017 was constrained by a strike at Escondida which is the world’s biggest copper mine.
2. Worries about the impact of a trade war between the US and China, responsible for almost half the world’s consumption of copper and other base metals, is behind the recent pullback.
Daily chart of Copper Futures for your review from this morning ( June 22nd 2018). You can see Copper has been trading between 296 to 330 for the last 18 months with more recent lows right at 301. Copper is "usually" volatile enough and liquid enough to be suitable for both day trading and swing trading. To access a free trial to the ALGOS shown in the chart visit and sign up for a free trial for 21 days with real-time data.
Copper Futures Specs
Hours: 05:00 PM previous day to 4:00 PM Central Time
Margins: $3080 initial, $1705 Maint. ( as of the date of this newsletter)
Point Value: full point = $250 ( Example: 3.0230 to 3.0330 ). Min fluctuation is 0.0005 = $12.5 ( Example: 3.0230 to 3.0235) Settlement: Physical Delivery
Months: Every Month
Some of the basic fundamentals to keep in mind when you are considering trading the Copper for this matter:
1. Research supply side in major copper producing countries like Chile, Peru, China and United States.
2. Follow both the industrial demand and investment demand for copper
3. Focus in macroeconomics not microeconomics
4. Correlation to gold and silver
5. Correlation to US Dollar prices
6. Inflationary prospects
7. Geopolitical Stability
8. U.S. Fiscal and Monetary Stability
Our brokers here at Cannon will be happy to chat about the copper market, other metals, other futures, options, futures spreads and much more! Feel free to contact us at any time.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 06/22 Fri |
2:00 PM CDT - Cattle On Feed
2:00 PM CDT - Cold Storage |
FN: Jul Crude Lt(NYM)
LT: Jul 2,5,10 Year Notes Options(CBT) Jul Bonds Options(CBT) Jul Wheat Options(CBT) Jul Corn Options(CBT) Jul Oats Options(CBT) Jul Rough Rice Options(CBT) Jul Soybeans,Soymeal,Soyoil(CBT) |
| 06/25 Mon |
9:00 AM CDT - New Home Sales(May)
|
FN: Jul Cotton(NYM)
|
| 06/26 Tue |
8:00 AM CDT - S&P Case-Shiller 20-City Index(Apr)
9:00 AM CDT - Consumer Confidence(Jun) 3:30 PM CDT - API Energy Stocks |
LT: Jul Copper Options(CMX)
Jul Gold Options(CMX) Jul Silver Options(CMX) Jul Natural Gas Options(NYM) Jul RBOB & ULSD Options(NYM) |
| 06/27 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Durable Goods Ex-Transportation(May) 7:30 AM CDT - Durable Orders(May) 7:30 AM CDT - Adv Intl Trade In Goods(May) 7:30 AM CDT - Adv Wholesale Inventories(May) 7:30 AM CDT - Current Account Balance(Q1) 9:00 AM CDT - Pending Home Sales(May) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: Jun Copper(CMX)
Jun Gold(CMX) Jun Silver(CMX) Jun Platinum(NYM) Jun Palladium(NYM) Jul Natural Gas(NYM) |
| 06/28 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - GDP-Third Estimate(Q1) 7:30 AM CDT - GDP Deflator-Third Estimate(Q1) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Quarterly Hogs & Pigs 3:30 PM CDT - Money Supply |
FN: Jun Natural Gas(NYM)
|
| 06/29 Fri |
7:30 AM CDT - PCE Prices(May)
7:30 AM CDT - PCE Prices-Core(May) 7:30 AM CDT - Personal Income & Spending(May) 8:45 AM CDT - Chicago PMI(Jun) 9:00 AM CDT - Univ of Mich Consumer Sentiment-Final(Jun) 11:00 AM CDT - Planted Acreage 11:00 AM CDT - Grain Stocks |
FN: Jul Copper(CMX)
Jul Gold & Silver(CMX) Jul Platinum & Palladium(NYM) Jul Canola(CBT) Jul Wheat(CBT) Jul Oats(CBT) Jul Corn(CBT) Jul Rough Rice(CBT) Jul Soybeans,Soymeal,Soyoil(CBT) LT: Jun 2,5 Year Notes(CBT) Jun Fed Funds(CME) Jun Live Cattle(CME) Jul RBOB & ULSD(NYM) Jul Sugar-11(ICE) Jun Fed Funds Options(CME) Jul Lumber Options(CME) |
| 07/02 Mon |
9:00 AM CDT - Construction Spending(May)
9:00 AM CDT - ISM Index(Jun) 2:00 PM CDT - Cotton System 2:00 PM CDT - Grain Crushings 2:00 PM CDT - Fats & Oils |
FN: Jul Orange Juice(ICE)
Jul Sugar-11(ICE) |
| 07/03 Tue |
9:00 AM CDT - Factory Orders(May)
1:00 PM CDT - Auto & Truck Sales(Jun) 3:30 PM CDT - API Energy Stocks |
FN: Jul RBOB & ULSD(NYM)
LT: Jun Butter(CME) Jun Milk(CME) Jun Butter Options(CME) Jun Milk Options(CME) |
| 07/04 Wed |
INDEPENDENCE DAY
|
|
| 07/05 Thu |
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Change(Jun) 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - ISM Services(Jun) 10:00 AM CDT - EIA Pertroleum Status Report 2:00 PM CDT - Dairy Product Sales 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!
