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.
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
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 | ||
* 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!
