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Newsletter

Enhance your trading with a series of short videos on topics such as range bars, support & resistance, parabolics, price confirmation and much more. We also take a look at a weekly chart of the soybeans futures market.

July 19th, 2019 - Issue #974

In This Issue

1. Are you a good trader? Become a Trade Leader and get compensated
2. Hot Market Report: Silver Bulls Flexing Muscles - What's Next?
3. Economic Calendar

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1. Cannon Trading is Looking for Good traders to become "Trade Leaders" on Cannon Echo System

Are you a good trader?

Cannon Trading Co., Inc.,(CTC), now celebrating 30 years in futures trading, is currently reaching out to traders with information on its Echo Trading Platform. If you’re a good trader with a worthy track record in trading, consider this: Share your trades on the Echo Trading Platform as an Echo Leader and be compensated for your trading ability. You can set a monthly charge for access to your trades and conduct your trading as you would normally. We take care of the rest. The back-end programming of the Echo Trading Platform manages all client registration and billing details, so Echo Leaders are free to focus on what really counts – their trading!
Echo Leaders who trade successfully can attract more subscribers and charge higher monthly subscription rates. And what better place for Echo Leaders to attract clients (Echo Followers) than Cannon Trading Co.? With over 30 years in business, we are one of the oldest Introducing Brokers in the United States.

YES, I want learn more about becoming an Echo Trading Leader!

More Info

Be a Trade Leader

First Name:

Last Name:

Phone number:

Email address:

Cannon Trading respects your privacy and will never give this information to a 3rd party.

2. Hot Market Report: Silver Bulls Flexing Muscles - What's Next?

By Matt Kang, Senior Broker

Click on image below to enlarge

SI futures; Silver belongs to the "metals family": Gold, Silver, Copper, Platinum, Palladium. All traded on the COMEX exchange.
Silver prices are spiked overnight in Asia trade on 07/19/19 Friday as US President Trump claimed that a US Navy assault ship had shot down an Iranian drone threatening to attack it. These uncertainty drives up the silver prices and extending its gains for the week to 7.1%. Near its highest in 13 months. Tumbling bond yields kindle investor demand for silver as well. Silver futures prices are up more than $1.50 since July 12th and many investors are finally paying attention to the silver market. In my opinion, sideways(range) trading would be appropriate for this certain conditions for next week, the range prices are between $16.700 to $15.600.
240 minutes chart of silver Futures for your review from this morning ( July 19th, 2019) - 4 hour chart. Silver is "usually" volatile enough and liquid enough to be suitable for both day trading and swing trading. Access a free trial to our FREE platform for 28 days with real-time data.
SILVER Futures Specs
Hours: 05:00 PM previous day to 4:00 PM Central Time
Margins: $5600 initial, $5000 Maint. ( as of the date of this newsletter)
Point Value: full point = $5000 ( Example: 16.80 to 17.80 ). Min fluctuation is 0.05 = $25 ( Example: 16.800 to 16.805) Settlement: Physical Delivery
Months: January, March, May, July, September,December. F,H,K,N,U,Z
Weekly Options:YES

Some of the basic fundamentals to keep in mind when you are considering trading the Silver for this matter:
1. Research supply side in major silver producing countries like Mexico, China, and Peru.
2. Follow both the industrial demand and investment demand for silver
3. Focus in macroeconomics not microeconomics
4. Correlation to gold
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 silver 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
07/19
Fri
9:00 AM CDT - Univ of Mich Consumer Sent-Prelim(Jul)
2:00 PM CDT - Cattle
2:00 PM CDT - Cattle On Feed
 
LT: Jul Coffee(ICE)
Jul Nikkei Options(CME)
Aug Orange Juice Options(ICE)
07/22
Mon
2:00 PM CDT - Cold Storage
3:00 PM CDT - Crop Progress
 
 
LT: Aug Crude Lt(NYM)
 
 
 
07/23
Tue
8:00 AM CDT - FHFA Housing Price Index(May)
9:00 AM CDT - Existing Home Sales(Jun)
3:30 PM CDT - API Energy Stocks
 

 
 
 
07/24
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
FN: Aug Crude Lt(NYM)
 
 
 
07/25
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Adv Intl Trade In Goods(Jun)
7:30 AM CDT - Adv Retail Inventories(Jun)
7:30 AM CDT - Adv Wholesale Inventories(Jun)
7:30 AM CDT - Durable Orders(Jun)
7:30 AM CDT - Durable Goods Ex-Transportation(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)
07/26
Fri

 
 
 
LT: Jul Bitcoin(CME)
Aug 2,5,10 Year Notes Options(CBT)
Aug Bonds Options(CBT)
Aug Canola Options(CBT)
Aug Wheat Options(CBT)
Aug Corn Options(CBT)
Aug Oats Options(CBT)
Aug Rough Rice Options(CBT)
Aug Soybeans,Soymeal,Soyoil Options(CBT)
Aug Natural Gas Options(NYM)
Aug RBOB & ULSD Options(NYM)

07/29
Mon
3:00 PM CDT - Crop Progress
 
 
 
LT: Jul Copper(CMX)
Jul Gold & Silver(CMX)
Jul Platinum & Palladium(NYM)
Aug Natural Gas(NYM)
07/30
Tue
7:30 AM CDT - Personal Income & Spending(Jun)
8:00 AM CDT - S&P Case-Shiller Home Price Index(May)
9:00 AM CDT - Consumer Confidence(Jul)
9:00 AM CDT - Pending Home Sales(Jun)
3:30 PM CDT - API Energy Stocks
FN: Aug Natural Gas(NYM)
LT: Jul Butter(CME)
Jul Milk(CME)
Jul Butter Options(CME)
Jul Milk Options(CME)
07/31
Wed
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Change(Jul)
7:30 AM CDT - Employment Cost Index(Q2)
8:45 AM CDT - Chicago PMI(Jul)
9:30 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - FOMC Rate Decision(Jul)
2:00 PM CDT - Dairy Products Sales
FN: Aug Copper(CMX)
Aug Gold & Silver(CMX)
Aug Platinum & Palladium(NYM)
Aug Soybeans,Soymeal,Soyoil(CBT)
LT: Jul Fed Funds(CME)
Aug RBOB & ULSD(NYM)
Jul Fed Funds Options(CME)
Aug Lumber Options(CME)

08/01
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - Construction Spending(Jun)
9:00 AM CDT - ISM Manufacturing Index(Jul)
9:30 AM CDT - EIA Natural Gas Report
2:00 PM CDT - Cotton System
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings
3:30 PM CDT - Money Supply

 
 
 
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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