March 28, 2013 - Issue #679
In This Issue
1. Good Friday Trading Hour
2. Hot Market Review - Crude Oil Bulls
3. Economic Calendar
1. Good Friday Trading Schedule 2013
Globex® / ICE Good Friday / Holiday Schedule
(*dates and times are subject to change)
The following link will take you to the Globex Good Friday Holiday Schedule, including for CME & CBOT equity products, interest rate & FX products, NYMEX & COMEX products, CBOT, KCBT, grain & agricultural products and others (PDF file):
http://www.cmegroup.com/tools-information/holiday-calendar/files/2013-good-friday.pdf
The following link will take you to the ICE Good Friday Holiday Schedule, including for the Dollar Index, Russell Indexes, CRB Index, as well as others (PDF file):
CME & CBOT Equity Products:
- Thursday, March 28: 4:15 Central Time – Regular close
- Friday, March 29: CME Globex is closed
- Sunday, March 31: 5:00 Central Time – Regular open for trade date Monday, April 1
CME & CBOT Interest Rate & FX Products:
- Thursday, March 28: 4:00 Central Time – Regular close
- Friday, March 29: CME Globex is closed
- Sunday, March 31: 5:00 Central Time – Regular open for trade date Monday, April 1
NYMEX & COMEX® Products:
- Thursday, March 28: 4:15 Central Time / 5:15 Eastern Time – Regular close
- Friday, March 29: CME Globex is closed
- Sunday, March 31: 5:00 Central Time / 6:00 Eastern Time – Regular open for trade date Monday, April 1
CBOT, KCBT Agricultural Products:
- Thursday, March 28: Regular close – Per each product schedule
* Note: Grain pre-opening between 2:30/2:40 – 4:00 Central Time
- Friday, March 29: CME Globex is closed
- Sunday, March 31: 5:00 Central Time – Regular Grain market open for trade date Monday,
April 1
Other CME Agricultural Products:
- Thursday, March 28: 1:55 Central Time – Early Close for Lumber & Livestock
- Friday, March 29: CME Globex is closed
- Monday, April 1: Livestock & Lumber will remain closed until their regularly scheduled open on Monday April 1.
ICE Products:
- Thursday, March 28: All US softs, USDX, regular hours; grains and oil seeds: early close 3:00 Eastern Time; Russell Index: early close – 5:15 Eastern Time
- Friday, March 29:USsofts, US grains and oilseeds, USDX all closed
- Monday, April 1: Sugar 11, Cocoa & Coffee –all late open at 7:30 A.M. Eastern Time
The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.
2. Hot Market Review - Crude Oil Bulls Gain
Crude Oil Bulls Gain Upside Technical Momentum
From our friend Jim Wyckoff
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at www.jimwyckoff.com click on image below to enlarge
See on the daily bar chart for May Nymex crude oil futures that prices are in a four-week-old uptrend and have just hit a fresh five-week high. The crude bulls have gained good upside technical momentum heading into the peak U.S. driving season. The bullish technical posture in crude oil is also a bullish underlying factor for the entire raw commodity sector. See the important technical support and resistance levels on the chart.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 04/01 Mon |
9:00 AM CDT - Construction Spending(Feb) 9:00 AM CDT - ISM Index(Mar) |
|
| 04/02 Tues |
9:00 AM CDT - Factory Orders(Feb) 1:00 PM CDT - Auto & Truck Sales(Mar) |
FN: Apr Heating Oil(NYM) Apr RBOB Gasoline(NYM) LT: Mar Butter(CME) Mar Milk(CME) Mar Milk Options(CME) Mar Butter Options(CME) |
| 04/03 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 7:15 AM CDT - ADP Employment Change(Mar) 9:00 AM CDT - ISM Services(Mar) 9:30 AM CDT - API & DOE Energy Stats 3:00 PM CDT - Dairy Products Sales |
|
| 04/04 Thurs |
6:30 AM CDT - Challenger Job Cuts(Mar) 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Suppl |
|
| 04/05 Fri |
7:30 AM CDT - Ave Workweek & Hourly Earnings(Mar) 7:30 AM CDT - Nonfarm Payrolls(Mar) 7:30 AM CDT - Trade Balance(Feb) 7:30 AM CDT - Unemployment Rate(Mar) 2:00 PM CDT - Consumer Credit(Feb) |
LT: Apr Canadian Dollar Options(CME) Apr Currencies Options(CME) Apr Live Cattle Options(CME) Apr US Dollar Index Options(ICE) May Cocoa Options(ICE) |
| 04/06 Mon |
|
FN: Apr Live Cattle(CME) LT: May Sugar-16(ICE) |
* 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!
