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October 28th, 2016 Newsletter

Trading videos on using support and resistance, line charts, trading with overbought oversold indicators along with soybeans outlook

October 28th, 2016 - Issue #850

In This Issue

1. Trading 102: Trading Education Videos
2. Hot Market Report: Soybeans Hit 3-Mo. High, Prices Trending Up
3. Economic Calendar

1. Educational Videos

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.


Watch Videos.

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Cannon Trading respects your privacy and will never give this information to a 3rd party.

2. Hot Market Report - Soybeans Hit 3-Mo. High, Prices Trending Up


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

soybeans Futures

January soybean futures prices this week hit a three-month high, pushed above what was strong chart resistance at $10.00 a bushel, and saw a bullish upside "breakout" from a choppy and sideways trading range at lower levels. The bulls have gained good upside technical momentum to suggest that a market bottom is in place and that prices can now continue to trend sideways to higher into the end of the year. Stay tuned!

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
10/28
Fri
7:30 AM CDT - Chain Deflator-Adv(Q3)
7:30 AM CDT - Employment Cost Index(Q3)
7:30 AM CDT - GDP-Adv(Q3)
9:00 AM CDT - Michigan Sentiment-Final(Oct)
FN: Nov Natural Gas(NYM)
 
 
 
10/31
Mon
7:30 AM CDT - Core PCE Price Index(Sep)
7:30 AM CDT - Personal Income & Spending(Sep)
8:45 AM CDT - Chicago PMI(Oct)
 
FN: Nov Copper(CMX)
Nov Gold & Silver(CMX)
Nov Platinum & Palladium(NYM)
Nov Canola(CBT)
Nov Rough Rice(CBT)
Nov Soybeans(CBT)
LT: Oct Fed Funds(CME)
Oct Live Cattle(CME)
Nov RBOB & ULSD(NYM)
Oct Fed Funds Options(CME)
Nov Lumber Options(CME)
11/01
Tue
9:00 AM CDT - Construction Spending(Sep)
9:00 AM CDT - ISM Index(Oct)
1:00 PM CDT - Auto & Truck Sales(Oct)
2:00 PM CDT - Fat & Oils
2:00 PM CDT - Grain Crushings
3:30 PM CDT - API Energy Stocks
FN: Nov Orange Juice(ICE)
LT: Oct Butter(CME)
Oct Milk(CME)
Oct Butter Options(CME)
Oct Milk Options(CME)
11/02
Wed
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Change(Oct)
9:30 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - FOMC Rate Decision
2:00 PM CDT - Dairy Products Sales
FN: Nov RBOB & ULSD(NYM)
 
 
 
11/03
Thu
6:30 AM CDT - Challenger Job Cuts(Oct)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Productivity-Prel(Q3)
9:00 AM CDT - Factory Orders(Sep)
9:00 AM CDT - ISM Services(Oct)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply

 
 
 
11/04
Fri
7:30 AM CDT - Ave Workweek & Hourly Earnings(Oct)
7:30 AM CDT - Nonfarm Payrolls(Oct)
7:30 AM CDT - Trade Balance(Sep)
7:30 AM CDT - Unemployment Rate(Oct)
LT: Nov Canadian Dollar Options(CME)
Nov Currencies Options(CME)
Nov Live Cattle Options(CME)
Nov Mx Peso Options(CME)
Nov US Dollar Index Options(ICE)
Dec Cocoa Options(ICE)
11/07
Mon
2:00 PM CST - Consumer Credit(Sep)
 
 
 

 
 
 
11/08
Tue
3:30 PM CST - API Energy Stocks
 
 
 

 
 
 
11/09
Wed
6:00 AM CST - MBA Mortgage Index
9:00 AM CST - Wholesale Inventories(Sep)
9:30 AM CST - EIA Petroleum Status Report
11:00 AM CST - WASDE Report & Crop Production
2:00 PM CST - Dairy Products Sales
LT: Nov Orange Juice(ICE)
 
 
 
11/10
Thu
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
9:30 AM CST - EIA Natural Gas Report
1:00 PM CST - Treasury Budget(Oct)
3:30 PM CST - 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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