Trading Video on Using Support and resistance Levels, outlook on the cotton market and what economic reports are coming out on the week of July 17 to July 24
In This Issue
1. Trading 102: Educational Trading Videos
2. Hot Market report: Cotton Market Bears in Technical Control
3. Economic Calendar
by: Cannon Trading Brokers
Cannon Trading is happy to share with you a few videos focusing on trading techniques, ideas and tools you can add to your trading arsenal. In this week's newsletter we are sharing the following 3 videos, about 5 minutes each, ready for immediate viewing on the following topics:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed....
To view videos instantly, please fill out the form below.
From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
The cotton market bears are in firm near-term technical control amid a price downtrend. A bear flag or bearish pennant pattern has also formed on the daily chart.
The bulls will have to push prices back above strong chart resistance at 70.00 cents to then suggest a price uptrend can be sustained.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 07/14 Fri |
7:30 AM CDT - Core CPI & CPI(Jun)
7:30 AM CDT - Retail Sales(Jun) 7:30 AM CDT - Retail Sales Ex-Auto(Jun) 8:15 AM CDT - Capacity Util & Industrial Prod(Jun) 9:00 AM CDT - Business Inventories(May) 9:00 AM CDT - Mich Sentiment-Prelim(Jul) |
LT: Jul Canola(CBT)
Jul Wheat(CBT) Jul Corn(CBT) Jul Oats(CBT) Jul Rough Rice(CBT) Jul Soybeans,Soymeal,Soyoil(CBT) Jul Cocoa(ICE) Jul Lumber(CME) Jul Eurodollars Options(CME) Aug Coffee Options(ICE) |
| 07/17 Mon |
7:30 AM CDT - Empire Manufacturing(Jul)
11:00 AM CDT - NOPA Crush |
FN: Jul Lumber(CME)
LT: Jul Eurodollar(CME) Jul Lean Hogs(CME) Jul Mx Peso(CME) Jul Lean Hogs Options(CME) Aug Crude Lt Options(NYM) Aug Sugar-11 Options(ICE) |
| 07/18 Tue |
7:30 AM CDT - Export Prices(ex-ag) & Import Prices(ex-oil)(Jun)
3:00 PM CDT - Net Long-Term TIC Flows(Jul) 3:30 PM CDT - API Energy Stocks |
|
| 07/19 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
7:30 AM CDT - Building Permits & Housing Starts(Jun) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: Jul Coffee(ICE)
Aug Platinum Options(NYM) Aug Palladium Options(NYM) |
| 07/20 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Philadelphia Fed(Jul) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Milk Production 3:30 PM CDT - Money Supply |
LT: Aug Crude Lt(NYM)
|
| 07/21 Fri |
2:00 PM CDT - Catfish Production
2:00 PM CDT - Cattle 2:00 PM CDT - Cattle On Feed |
LT: Jul Nikkei Options(CME)
Jul Russell Options(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 Orange Juice Options(ICE) |
| 07/24 Mon |
9:00 AM CDT - Existing Home Sales(Jun)
2:00 PM CDT - Cold Storage |
FN: Aug Crude Lt(NYM)
|
| 07/25 Tue |
8:00 AM CDT - FHFA Housing Price Index(May)
9:00 AM CDT - Consumer Confidence(Jul) 3:30 PM CDT - API Energy Stocks |
|
| 07/26 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - New Home Sales(Jun) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - FOMC Rate Decision(Jul) 2:00 PM CDT - Dairy Products Sales |
LT: Aug Copper Options(CMX)
Aug Gold & Silver Options(CMX) Aug Natural Gas Options(NYM) Aug RBOB & ULSD Options(NYM) |
| 07/27 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Durable Goods Ex-Transportation(Jun) 7:30 AM CDT - Durable Orders(Jun) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
LT: Jul Copper(CMX)
Jul Gold & Silver(CMX) Jul Platinum & Palladium(NYM) 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!
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