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September 30th, 2016 Newsletter

OPEC news send oil higher and an educational booklet on reading commitment of traders report

September 30th, 2016 - Issue #847

In This Issue

1. Trading 102: Commitment of Traders Report
2. Hot Market Report: Nymex Crude Oil Rebounds on OPEC News, But Doubters Abound
3. Economic Calendar

1. Trading 102: Commitment of Traders Report - What Lies beneath

In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.

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* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much more.... If you like this Newsletter, Please share!

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2. Hot Market Report - Nymex Crude Oil Rebounds on OPEC News, But Doubters Abound


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

crude oil Futures

The crude oil market rallied late this week on news of a planned cut in OPEC oil production. See on the daily bar chart for November Nymex crude that the upside price action negated a downtrend line. However, as the weekend approached, doubts were growing about the ability of the oil cartel to actually cut its collective production. Saudi Arabia and Iran--the two OPEC heavyweights--don't like each other and many think they won't be able ultimately work together on an agreement. In recent weeks the crude oil market has become an even more important "outside market" that has been impacting many other markets on a daily basis. Such will likely continue to be the case in the coming weeks. Stay tuned!

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
09/30
Fri
7:30 AM CDT - Personal Income & Spending(Aug)
7:30 AM CDT - Core PCE Prices(Aug)
8:45 AM CDT - Chicago PMI(Sep)
9:00 AM CDT - Michigan Sentiment-Final(Sep)
11:00 AM CDT - Grain Stocks
11:00 AM CDT - Small Grains Summary
2:00 PM CDT - Quarterly Hogs & Pigs
FN: Oct Copper(CMX)
Oct Gold & Silver(CMX)
Oct Platinum & Palladium(NYM)
Oct Soymeal & Soyoil(CBT)
LT: Sep 2,5 Year Notes(CBT)
Sep Fed Funds(CME)
Oct RBOB & ULSD(NYM)
Oct Sugar-11(ICE)
Sep Fed Funds Options(CME)
Oct Lumber Options(CME)
10/03
Mon
9:00 AM CDT - Construction Spending(Aug)
9:00 AM CDT - ISM Index(Sep)
1:00 PM CDT - Auto & Truck Sales(Sep)
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings
FN: Oct Sugar-11(ICE)
 
 
 
10/04
Tue
3:30 PM CDT - API Energy Stocks
 
 
 
FN: Oct RBOB & ULSD(NYM)
LT: Sep Butter(CME)
Sep Milk(CME)
Sep Butter Options(CME)
Sep Milk Options(CME)
10/05
Wed
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Change(Sep)
7:30 AM CDT - Trade Balance(Aug)
9:00 AM CDT - Factory Orders(Aug)
9:00 AM CDT - ISM Services(Sep)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Products Sales

 
 
 
10/06
Thu
6:30 AM CDT - Challenger Job Cuts(Sep)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply

 
 
 
10/07
Fri
7:30 AM CDT - Ave Workweek & Hourly Earnings(Sep)
7:30 AM CDT - Nonfarm Payrolls(Sep)
7:30 AM CDT - Unemployment Rate(Sep)
9:00 AM CDT - Wholesale Inventories(Aug)
LT: Oct Cotton(NYM)
Oct Canadian Dollar Options(CME)
Oct Currencies Options(CME)
Oct Live Cattle Options(CME)
Oct Mx Peso Options(CME)
Oct US Dollar Options(ICE)
Nov Cocoa Options(ICE)
10/10
Mon
COLUMBUS DAY
 
 
 
FN: Oct Live Cattle(CME)
LT: Nov Sugar-16(ICE)
 
 
10/11
Tue

 
 
 
FN: Nov Sugar-16(ICE)
 
 
 
10/12
Wed
6:00 AM CDT - MBA Mortgage Index
11:00 AM CDT - WASDE Report & Crop Production
1:00 PM CDT - FOMC Mintues
3:30 PM CDT - API Energy Stocks

 
 
 
10/13
Thu
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Export(ex-ag) & Import(ex-oil) Prices(Sep)
9:30 AM CDT - EIA Natural Gas Report
10:00 AM CDT - EIA Protroleum Status Report
1:00 PM CDT - Treasury Budget
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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