March 24th, 2017 - Issue #869
In This Issue
1. Trading 101: Using overbought/oversold indicators to day trade crude oil ( video)
2. Hot Market: Euro Currency Bulls Have Some Technical Momentum
3. Economic Calendar
1. Trading 101: Using overbought/oversold indicators to day trade crude oil ( video)
I recorded this video a couple years ago, using one of our trading platforms, our charts and a few indicators/ALGOS I use.
After you watch the video, feel free to sign up for a free trial of the indicators/algos I use in the video by visiting: Trading Indicators Free trial
To watch the video please fill out the short form below:
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Cannon Trading respects your privacy and will never give this information to a 3rd party.
2. Hot Market: Euro Currency Bulls Have Some Technical Momentum
From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
The Euro currency-U.S. dollar is one of the most actively traded currency pairs in the world. For decades the foreign exchange markets have been the most actively traded markets in the world--way bigger than trading in
the world stock markets.
See on the daily bar chart the Euro currency bulls have gained some upside technical momentum recently amid a fledgling price uptrend.--
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 03/24 Fri |
7:30 AM CDT - Durable Goods-Ex Transportation(Feb)
7:30 AM CDT - Durable Orders(Feb) 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) |
| 03/27 Mon |
|
|
| 03/28 Tue |
9:00 AM CDT - Consumer Confidence(Mar)
3:30 PM CDT - API Energy Stocks |
LT: Apr Copper Options(CMX)
Apr Gold Options(CMX) Apr Silver Options(CMX) Apr Natural Gas Options(NYM) Apr RBOB & ULSD Options(NYM) |
| 03/29 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - Pending Home Sales(Feb) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: Mar Copper(CMX)
Mar Gold(CMX) Mar Silver(CMX) Mar Platinum(NYM) Mar Palladium(NYM) Apr Natural Gas(NYM) |
| 03/30 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - GDP-Third Estimate(Q4) 7:30 AM CDT - GDP Deflator-Third Estimate(Q4) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Hogs & Pigs 3:30 PM CDT - Money Supply |
FN: Apr Natural Gas(NYM)
LT: Mar Feeder Cattle(CME) Mar Feeder Cattle Options(CME) |
| 03/31 Fri |
7:30 AM CDT - PCE Price Index(Feb)
7:30 AM CDT - PCE Prices-Core(Feb) 7:30 AM CDT - Personal Income & Spending(Feb) 8:45 AM CDT - Chicago PMI(Mar) 9:00 AM CDT - Michigan Sentiment-Final(Mar) 11:00 AM CDT - Grain Stocks 11:00 AM CDT - Prospective Plantings |
FN: Apr Copper(CMX)
Apr Gold & Silver(CMX) Apr Platinum & Palladium(NYM) LT: Mar 2,5 Year Notes(CBT) Mar Fed Funds(CME) Apr RBOB & ULSD(NYM) Mar Fed Funds Options(CME) Apr Lumber Options(CME) |
| 04/03 Mon |
9:00 AM CDT - Construction Spending(Feb)
9:00 AM CDT - ISM Index(Mar) 1:00 PM CDT - Auto & Truck Sales(Mar) 2:00 PM CDT - Cotton System 2:00 PM CDT - Fats & Oils 2:00 PM CDT - Grain Crushings |
|
| 04/04 Tue |
7:30 AM CDT - Trade Balance(Feb)
9:00 AM CDT - Factory Orders(Feb) 3:30 PM CDT - API Energy Stocks |
FN: Apr RBOB & ULSD(NYM)
LT: Mar Butter(CME) Mar Milk(CME) Mar Butter Options(CME) Mar Milk Options(CME) |
| 04/05 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
7:15 AM CDT - ADP Employment Change(Mar) 9:00 AM CDT - ISM Services(Mar) 9:30 AM CDT - EIA Pertroleum Status Report 2:00 PM CDT - Dairy Products Sales |
|
| 04/06 Thu |
6:30 AM CDT - Challenger Job Cuts(Mar)
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=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!
