Day Trading Newsletter and Alerts Free Trial along with a copper daily chart review
In This Issue
1. Day Trading Alerts via Email - FREE 3 Months Trial
2. Hot Market Report: Copper Futures confirm sell signal
3. Economic Calendar
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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.
Source: Moore Research Center, Inc.
Date | Reports | Expiration & Notice Dates |
---|---|---|
07/13 Fri |
7:30 AM CDT - Export(ex-ag) & Import(ex-oil) Prices(Jun)
9:00 AM CDT - Mich Sentiment-Prelim(Jul) |
LT: Jul Canola(CBT)
Jul Wheat(CBT) Jul Corn(CBT) Jul Oats(CBT) Jul Rough Rice(CBT) Jul Soybeans,Soymeal,Soyoil(CBT) Jul Lumber(CME) Jul Eurodollar Options(CME) Jul Coffee Options(ICE) |
07/16 Mon |
7:30 AM CDT - Empire Manufacturing(Jul)
7:30 AM CDT - Retail Sales(Jun) 7:30 AM CDT - Retail Sales Ex-Auto(Jun) 9:00 AM CDT - Business Inventories(May) 11:00 AM CDT - NOPA Crush |
FN: Jul Lumber(CME)
LT: Jul Eurodollar(CME) Jul Lean Hogs(CME) Jul Cocoa(ICE) Jul Mx Peso(CME) Jul Lean Hogs Options(CME) Aug Sugar-11 Options(ICE) |
07/17 Tue |
8:15 AM CDT - Capacity Util & Industrial Prod(Jun)
9:00 AM CDT - NAHB Housing Market Index(Jul) 3:00 PM CDT - Net Long-Term TIC Flows(May) 3:30 PM CDT - API Energy Stocks |
LT: Aug Crude Lt Options(NYM)
|
07/18 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Building Permits & Housing Starts(Jun) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: Aug Platinum Options(NYM)
Aug Palladium Options(NYM) |
07/19 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Philadelphia Fed(Jul) 9:00 AM CDT - Leading Indicators(Jun) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
LT: Jul Coffee(ICE)
|
07/20 Fri |
2:00 PM CDT - Catfish Production
2:00 PM CDT - Cattle 2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Milk Production |
LT: Aug Crude Lt(NYM)
Jul Nikkei Options(CME) Jul Russell Options(CME) Aug Orange Juice Options(ICE) |
07/23 Mon |
9:00 AM CDT - Existing Home Sales(Jun)
2:00 PM CDT - Cold Storage |
|
07/24 Tue |
8:00 AM CDT - FHFA Housing Price Index(May)
3:30 PM CDT - API Energy Stocks |
FN: Aug Crude Lt(NYM)
|
07/25 Wed |
6:00 AM CDT - MBA Mortgage Index
9:00 AM CDT - New Home Sales(Jun) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
|
07/26 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Durable Goods Ex-Transportation(Jun) 7:30 AM CDT - Durable Orders(Jun) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
LT: Aug Copper Options(CMX)
Aug Gold Options(CMX) Aug Silver Options(CMX) Aug Natural Gas Options(NYM) Aug RBOB & ULSD Options(NYM) |
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!