April 19, 2013 - Issue #682
In This Issue
1. Free trial to unique market outlook newsletter - Gold Outlook? What's Next for Gold Futures?
2. Trading Futures Spreads
3. Economic Calendar
1. Free trial to unique market outlook newsletter - Gold Outlook?
What's Next for Gold Futures?
On March 1st we featured a quick longer term outlook for gold from our friends at BellCurve Trading.
We posted the image below along with some commentary which can be found in our archive:
https://www.cannontrading.com/community/newsletter/Gold-outlook-from-Bell-Curve-Supply-and-Demand
From our friends http://www.bellcurvetrading.com
MPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
At the time we published this newsletter I personally thought 1400 was quite ways away....I found out few days ago I was wrong....Gold has dropped from around 1588 traded beginning of March to as low as 1321.50 April 15th and at time I am writing this, it is hovering around the 1400.
This is not to cherry pick and present only winning market calls by BellCurve. i am simply sharing with you the type of information we have been getting from BellCurve for a variety of markets and a variety of time frames. I also seen some calls made by BellCurve that went the wrong way but over all we have been quite impressed with the quality of information and market calls made by BellCurveTrading.com
Are you curious what is next for the gold market over the medium term and perhaps long term? Are you an SP daytrader and would like to get daily outlook for intraday/ short term trading?
If so, please fill out this short form to start your free trial. Please note, no duplicate trials and valid phone number and email address are required.
If you like this Newsletter, Please share!For a free trial for the Bell Curve Methodology, please fill out this form.
Cannon Trading respects your privacy and will never give this information to a 3rd party.2. Trading Futures Spreads
"A basic and important strategy for commodities futures traders."
By: Mark O'Brien, Cannon Trading Commodities Broker
Over my 20+ year career as a commodities broker, I have studied and traded a wide range of approaches to trading the futures markets. From candlestick formations to the commodity channel index, from condors to turtle trading, there’s an enormous catalog of tools and methods available for traders to consider.
One method I have noticed is surprisingly underrepresented among retail traders is futures spread trading, where a single position in the market consists of the simultaneous purchase of one futures contract and sale of a related futures contract as a unit. I call it surprising because some of the most invested players in futures trading – and arguably the most sophisticated – include large speculators and commercial firms who regularly employ spreads. This includes traders in the markets who often actually buy and sell the physical commodities we trade. Farmers, ranchers and other food growers along with food producers, petroleum companies who either drill for oil or natural gas or refine these products – or both, financial institutions with enormous holdings in treasuries, equities or currencies, mining interests and their buyers – all these areas of production and distribution employ spreads from time to time as an important aspect of their businesses. Indeed, spread trading is a fundamental and essential part of the commodities futures markets.
At the same time, despite the remarkable increase in interest and in the growth in the volume of the futures markets over the years, spread trading is typically dismissed by most other traders in search of a trading strategy. With so much attention focused on other approaches related to straightforward directional trading (and within that category, day-trading) it’s not difficult to see how spread trading can be overlooked... Read the Full Article.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 04/22 Mon |
9:00 AM CDT - Exiting Home Sales(Mar) 2:00 PM CDT - Cold Storage |
FN: May Coffee(ICE) LT: May Crude Lt(NYM) |
| 04/23 Tues |
8:00 AM CDT - FHFA Housing Price Index(Feb) 9:00 AM CDT - New Home Sales(Mar) |
|
| 04/24 Wed |
6:00 AM CDT - MBA Mortgage Index 7:30 AM CDT - Durable Orders(Mar) 9:30 AM CDT - API DOE Energy Stats 3:00 PM CDT - Dairy Product Sales |
|
| 04/25 Thurs |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Apr Feeder Cattle(CME) Apr Feeder Cattle Options(CME) May Copper Options(CMX) May Silver Options(CMX) May Gold Options(CMX) May Heating Oil Options(NYM) May RBOB Gasoline Options(NYM) May Natural Gas Options(NYM) |
| 04/26 Fri |
7:30 AM CDT - GDP-Adv(Q1) 7:30 AM CDT - Chain Deflator-Adv(Q1) 8:55 AM CDT - Michigan Sentiment-Final(Apr) |
LT: Apr Copper(CMX) Apr Gold(CMX) Apr Silver(CMX) Apr Platinum(NYM) Apr Palladium(NYM) May Natural Gas(NYM) May 2,5,10 Year Notes Options(CBT) May Bonds Options(CBT) May Corn Options(CBT) May Wheat Options(CBT) May Oats Options(CBT) May Rough Rice Options(CBT) May Soybeans,Soymeal,Soyoil Options(CBT) |
| 04/29 Mon |
7:30 AM CDT - PCE Prices-Core(Mar) 7:30 AM CDT - Personal Income & Spending(Mar) 9:00 AM CDT - Pending Home Sales(Mar) |
* 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.
