RBOB futures or what many refer to as unleaded gasoline, completes fifty percent retracement on the weekly chart. In section 1 of the newsletter we look at a "Simpler Approach to Trading Futures"
In This Issue
1. (Day)Trading Got You Frustrated? Take a Look at a Simpler Approach to Trading Futures
2. Hot Market Report: Unleaded Gasoline Completes 50% Weekly Retracement
3. Economic Calendar
Click on image below to enlarge
This week’s highlighted Market is Unleaded Gasoline. RBOB - Unleaded gas is part of the energy sector along with "it's brothers" Crude Oil and heating oil and cousin, natural gas. All traded on the NYMEX/GLOBEX exchange.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 07/17 Fri |
7:30 AM CDT - Building Permits & Housing Starts(Jun)
9:00 AM CDT - Univ of Mich Consumer Sentiment-Prelim |
LT: Jul Nikkei Options(CME)
Aug Orange Juice Options(ICE) |
| 07/20 Mon |
3:00 PM CDT - Crop Progress
|
|
| 07/21 Tue |
2:00 PM CDT - Catfish Production
2:00 PM CDT - Milk Production 3:30 PM CDT - API Energy Stocks |
LT: Jul Coffee(ICE)
Aug Crude Lt(NYM) Aug Canola Options(CBT) |
| 07/22 Wed |
6:00 AM CDT - MBA Mortgage Index
8:00 AM CDT - FHFA Housing Price Index(Jul) 9:00 AM CDT - Existing Home Sales(Jun) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Cold Storage 2:00 PM CDT - Dairy Products Sales |
|
| 07/23 Thu |
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 |
FN: Aug Crude Lt(NYM)
|
| 07/24 Fri |
9:00 AM CDT - New Home Sales(Jun)
2:00 PM CDT - Cattle 2:00 PM CDT - Cattle On Feed |
LT: Aug 2,5,10 Year Notes Options(CBT)
Aug Bonds 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) |
| 07/27 Mon |
7:30 AM CDT - Durable Orders(Jun)
7:30 AM CDT - Durable Goods-Ex Transportation(Jun) 3:00 PM CDT - Crop Progress |
|
| 07/28 Tue |
8:00 AM CDT - S&P Case-Shiller Home Price Index(May)
9:00 AM CDT - Consumer Confidence(Jul) 3:30 PM CDT - API Energy Stocks |
LT: Aug Copper Options(CMX)
Aug Gold & Silver Options(CMX) Aug RBOB & ULSD Options(NYM) |
| 07/29 Wed |
6:00 AM CDT - MBA Mortgage Index
9:00 AM CDT - Pending Home Sales(Jun) 9:30 AM CDT - API Petroleum Status Report 1:00 PM CDT - FOMC Rate Decision(Jul) 2:00 PM CDT - Dairy Products Sales |
LT: Jul Copper(CMX)
Jul Gold & Silver(CMX) Jul Platinum & Palladium(NYM) Aug Natural Gas(NYM) |
| 07/30 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - GDP-Adv(Q2) 7:30 AM CDT - Chain Deflator-Adv(Q2) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
FN: Aug Natural Gas(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!
