Few Ways to Enter a Trade and OPEC chatter Sends Crude Higher

October 27th, 2017 Newsletter

Few Ways to Enter a Trade and OPEC chatter Sends Crude Higher

October 27, 2017 - Issue #897

In This Issue

1. Trading 101: Multiple Ways to Enter a Trade
2. Hot Market report: Crude Oil Turning Bullish?
3. Economic Calendar

1. Trading 101: Few Way to Enter a Trade

By Ilan Levy-Mayer, VP and Broker

Today I decided to touch more on an educational feature rather than provide a certain market outlook.

Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.

There are so many different aspects to trading. From financial, fundamental, and emotional aspects of when to enter a trade, when to exit a trade and SO MUCH more in between.....

An important part of trading is trade entry. Assuming a trader knows why he/she is about to enter a trade the next step sounds simple right? simply buy or sell the contract you wish to trade....

Perhaps not so simple...read the rest

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2. Hot Market Report: Crude Oil Futures Break Through Resistance

By Cannon Trading

Click on image below to enlarge

crude Oil futures; Crude Oil's climb higher continues, despite dollar strength. The bulls are bolstered by the strong US GPD number this Friday morning. Market is getting overbought but broke resistance at $53.15. Also, chatter this Friday morning that OPEC will extend cuts. Supplies are still high but for the time being global growth is the story. Have a great weekend everybody and even a better trading week ahead.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
7:30 AM CDT - Chain Deflator-Adv(Q3)
7:30 AM CDT - GDP-ADv(Q3)
9:00 AM CDT - Michigan Sentiment-Final(Oct)
LT: Oct Copper(CMX)
Oct Gold & Silver(CMX)
Oct Platinum & Palladium(NYM)
Nov Natural Gas(NYM)
Nov 2,5,10 Year Notes Options(CBT)
Nov Bonds Options(CBT)
Nov Canola Options(CBT)
Nov Wheat Options(CBT)
Nov Corn Options(CBT)
Nov Oats Options(CBT)
Nov Rough Rice Options(CBT)
Nov Soybeans,Soymeal,Soyoil Options(CBT)
7:30 AM CDT - PCE Prices(Sep)
7:30 AM CDT - PCE Prices-Core(Sep)
7:30 AM CDT - Personal Income & Spending(Sep)
FN: Nov Natural Gas(NYM)
7:30 AM CDT - Employment Cost Index(Q3)
8:00 AM CDT - S&P Case-Shiller Home Price Index(Aug)
8:45 AM CDT - Chicago PMI(Oct)
9:00 AM CDT - Consumer Confidence(Oct)
3:30 PM CDT - API Energy Stocks
FN: Nov Copper(CMX)
Nov Gold & Silver(CMX)
Nov Platinum & Palladium(NYM)
Nov Canola(CBT)
Nov Soybeans(CBT)
Nov Rough Rice(CBT)
LT: Oct Butter(CME)
Oct Milk(CME)
Oct Live Cattle(CME)
Oct Fed Funds(CME)
Oct Butter Options(CME)
Oct Milk Options(CME)
Oct Fed Funds Options(CME)
Nov Lumber Options(CME)
6:00 AM CDT - MBA Mortgage Applications Index
7:15 AM CDT - ADP Employment Change(Oct)
9:00 AM CDT - Construction Spending(Sep)
9:00 AM CDT - ISM Index(Oct)
9:30 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - Auto & Truck Sales(Oct)
1:00 PM CDT - FOMC Rate Decision
2:00 PM CDT - Dairy Products Sales
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings
2:00 PM CDT - Cotton System
FN: Nov Orange Juice(ICE)
6:30 AM CDT - Challenger Job Cuts(Oct)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Productivity-Prel(Q3)
7:30 AM CDT - Unit Labor Costs(Q3)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
7:30 AM CDT - Ave Workweek & Hourly Earnings(Oct)
7:30 AM CDT - Nonfarm Payrolls(Oct)
7:30 AM CDT - Trade Balance(Sep)
7:30 AM CDT - Unemployment Rate(Oct)
9:00 AM CDT - Factory Orders(Sep)
9:00 AM CDT - ISM Services(Oct)
LT: Nov Canadian Dollar Options(CME)
Nov Currencies Options(CME)
Nov Mx Peso Options(CME)
Nov US Dollar Index Options(ICE)
Nov Live Cattle Options(CME)
Dec Cocoa Options(ICE)


2:00 PM CST - Consumer Credit(Sep)
3:30 PM CST - API Energy Stocks

6:00 AM CST - MBA Mortgage Purchase Index
9:30 AM CST - EIA Petroleum Status Report
2:00 PM CST - Dairy Products Sales

7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Intial Claims-Weekly
9:00 AM CST - Wholesale Inventories(Sep)
9:30 AM CST - EIA Natural Gas Report
11:00 AM CST - WASDE Report & Crop Production
3:30 PM CST - Money Supply
LT: Nov Orange Juice(ICE)
FN=First Notice, OE=Option Expiration, LT=Last Trade

Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The release dates for certain economic reports may have been rescheduled.

* 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!

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