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March 16th, 2018 Newsletter

An educational article on trading different futures and commodity markets around economic reports along with a chart review of the gold futures market which is trying to break lower as we close the trading for the week of March 12th through March 16th 201

March 16th, 2018 - Issue #914

In This Issue

1. Trading 102: Trading Around Economic Reports
2. Hot Market Report: Gold Futures NOT So Hot...
3. Economic Calendar

1. Futures Trading 101: Trading Around Economic Reports

Trading is truly a fascinating pursuit. The markets can instil excitement, frustration, irritation, exhilaration - really a wide range of emotions - conceivably, even within a single trade. Trading is definitely one of those undertakings where one has to constantly study, evolve and grow.

There are also a number of different approaches to trading, including day trading, swing trading and position trading. There are strategies that focus on just trading straight futures contracts, others solely trade options, including selling/writing options, still others incorporate long and short positions simultaneously - spread trading - utilizing futures and/or options.

One narrowly defined approach to trading - probably most relevant for day traders - is trading around economic reports.

The release of economic reports occurs almost daily. Most come from the U.S. federal government and look at national or large regional data; some come from other private surveys. Some garner considerable attention by traders; others draw barely a thought, much less a glance at their impact on the markets. This article doesn't attempt to detail any particular number of them and their significance. Rather, it lists some pointers that can help traders prepare for reports releases.

  1. Know the times reports are set for release
  2. Know which markets reports may impact
  3. Know what the markets are expecting and how different outcomes will affect market movement
  4. Do your homework, i.e., go over charts from earlier dates when similar reports were released.
  5. Keep a journal. Focus on the reports that affect the markets you trade.

    Please fill out the form below to read the remaining article.

Trading Around Economic Reports

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2. Hot Market Report: Gold Futures Breaking Lower?

By Joseph Easton, Senior Broker

Click on image below to enlarge

gold futures; Currently GC is trading and could close today below the previous low close of 2018. ( Newsletter was prepared Friday, March 16th at 7 AM Pacific Time) The low close according to this chart has happened twice at 1318.1 (now resistance). A close below 1318.1 would be a confirmation for potential lower trading. Last price is about 1311. GC is $100 per $1 move per contract. Close over 1336 would invalidate this signal. Immediate support at 1303, next support at 1285
Daily chart of the gold market for your review above. This chart was prepared using our FREE E-Futures Int'l software, which you can demo for 28 days with realtime data.
Our brokers here at Cannon will be happy to chat about the gold market, other precious metals as well as grains, softs, indices, 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
7:30 AM CDT - Building Permits & Housing Starts(Feb)
8:15 AM CDT - Capacity Util & Industrial Prod(Feb)
9:00 AM CDT - JOLTS-Job Openings(Jan)
FN: Mar Lumber(CME)
LT: Mar E-Mini Dow(CME)
Mar E-Mini S&P 500(CME)
Mar Russell(CME)
Mar E-Mini Dow Options(CME)
Mar E-Mini S&P 500 Options(CME)
Mar E-Mini NASDAQ Options(CME)
Mar Russell Options(CME)
Apr Orange Juice Options(ICE)

LT: Mar Currencies(CME)
Mar Eurodollar(CME)
Mar MX Peso(CME)
Mar US Dollar Index(ICE)
Mar Coffee(ICE)
Mar Eurodollar Options(CME)
2:00 PM CDT - Milk Production
3:30 PM CDT - API Energy Stocks
LT: Mar 10-Year Notes(CBT)
Mar Bonds(CBT)
Mar Canadian Dollar(CME)
Apr Crude Lt(NYM)

6:00 AM CDT - MBA Mortgage Applications Index
7:30 AM CDT - Current Account Balance(Q4)
9:00 AM CDT - Existing Home Sales(Feb)
9:30 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - FOMC Rate Decision(Mar)
2:00 PM CDT - Dairy Product Sales
LT: Apr Platinum Options(NYM)
Apr Palladium Options(NYM)

7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
8:00 AM CDT - FHFA Housing Price Index(Jan)
9:00 AM CDT - Leading Indicators(Feb)
9:30 AM CDT - EIA Natural Gas Report
2:00 PM CDT - Cold Storage
3:30 PM CDT - Money Supply
FN: Apr Crude Lt(NYM)
7:30 AM CDT - Durable Orders(Feb)
7:30 AM CDT - Durable Goods-Ex Transportation(Feb)
7:30 AM CDT - New Home Sales(Feb)
9:00 AM CDT - Michigan Sentiment-Final(Mar)
2:00 PM CDT - Cattle On Feed
LT: Apr 2,5,10 Year Notes Options(CBT)
Apr Bonds Options(CBT)
Apr Canola Options(CBT)
Apr Wheat Options(CBT)
Apr Corn Options(CBT)
Apr Oats Options(CBT)
Apr Rough Rice Options(CBT)
Apr Soybeans,Soymeal,Soyoil Options(CBT)


LT: Apr Copper Options(CMX)
Apr Gold Options(CMX)
Apr Silver Options(CMX)
Apr Natural Gas Options(NYM)
Apr RBOB & ULSD Options(NYM)

9:00 AM CDT - Consumer Confidence(Mar)
3:30 PM CDT - API Energy Stocks
LT: Mar Copper(CMX)
Mar Gold(CMX)
Mar Silver(CMX)
Mar Palladium(NYM)
Mar Platinum(NYM)
Apr Natural Gas(NYM)
6:00 AM CDT - MBA Mortgage Applications Index
7:30 AM CDT - GDP-Third Estimate(Q4)
7:30 AM CDT - GDP Deflator-Third Estimate(Q4)
9:00 AM CDT - Pending Home Sales(Feb)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Products Sales
FN: Apr Natural Gas(NYM)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - PCE Prices(Feb)
7:30 AM CDT - PCE Prices-Core(Feb)
7:30 AM CDT - Personal Income & Spending(Feb)
9:30 AM CDT - EIA Natural Gas Report
11:00 AM CDT - Grains Stocks
11:00 AM CDT - Prospective Plantings
2:00 PM CDT - Hogs & Pigs
3:30 PM CDT - Money Supply
FN: Apr Copper(CMX)
Apr Gold & Silver(CMX)
Apr Platinum & Palladium(NYM)
LT: Mar 2,5 Year Notes(CBT)
Mar Fed Funds(CME)
Mar Feeder Cattle(CME)
Mar Fed Funds Options(CME)
Mar Feeder Cattle Options(CME)
Apr Lumber Options(CME)

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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