September 2nd 2016 - Issue #843

In This Issue

1. Where is the Trend?
2. Hot Market Report: Sugar Rally How Sweet?
3. Economic Calendar

1.Trading 102: Where is the Trend?

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This is an information source you definitely will want to read as it gives you a picture of what really moves the markets and discusses how to analyze the Commitment of Traders report Instantly!

2. Hot Market: Suagr Rally Nearing an End?

Published on Equities.com by our VP, Ilan Levy-Mayer Equities.com

Click on image below to enlarge

The sugar market has made a significant upside move over the past few days and weeks. Weather concerns for part of the growing areas in Asia, as well as strength in the Brazilian Real contributed to this rally. From a technical point of view, I feel this market is overbought and over-extended, but when fundamentals take over, you can use the charts for wall decoration. That being said, I will be looking for signs of exhaustion on the daily and weekly charts. The chart below is a monthly chart of sugar, and you’ll notice we’re trading right against recent highs; I received a sell signal in the shape of my red diamond. But, because I don't have a crystal ball, I will look on the daily chart for a similar clue before trying to go against the trend and go short.

3. Economic Calendar

Source: Moore Research Center, Inc.

* 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!