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In today’s blog, note about tomorrow’s full day of reports, changes to Russell contract size, reminder of current front months
Dear Traders,
Looking at the schedule for tomorrow – BIG day ahead.
We have OPEC, Crude Oil report, Beige book, ADP employment report, CPI and much more.
Check the calendar on section 3 of this blog. Set alarms. Know which reports affect the markets you trade so you don’t get caught in one of those moments where you yell ” What the heck just happened??”
Effective on trade date Monday, December 5th, ICE Futures US will change the contract size for mini Russell 2000:
Mini Russell 2000 used to be that one point was $100 or 1 tick was $10. As of next Monday, one point will be worth $50 and each tick will be $5.
Assigned Deliveries can be a very costly process to try and reverse…..make sure you are trading the correct months:
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GOOD TRADING
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Levels for Trade Date of 11.29.2016
| Contract Dec. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2223.33 | 4948.08 | 19217 | 1344.17 | 102.24 |
| Resistance 2 | 2216.42 | 4922.92 | 19174 | 1340.33 | 101.96 |
| Resistance 1 | 2210.08 | 4897.83 | 19144 | 1334.17 | 101.49 |
| Pivot | 2203.17 | 4872.67 | 19101 | 1330.33 | 101.21 |
| Support 1 | 2196.83 | 4847.58 | 19071 | 1324.17 | 100.74 |
| Support 2 | 2189.92 | 4822.42 | 19028 | 1320.33 | 100.46 |
| Support 3 | 2183.58 | 4797.33 | 18998 | 1314.17 | 99.99 |
| Contract | Feb. Gold | March Silver | Jan. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1212.7 | 17.13 | 48.71 | 154 16/32 | 1.0769 |
| Resistance 2 | 1205.2 | 16.95 | 47.85 | 153 24/32 | 1.0714 |
| Resistance 1 | 1197.6 | 16.82 | 46.55 | 153 8/32 | 1.0684 |
| Pivot | 1190.1 | 16.64 | 45.69 | 152 16/32 | 1.0629 |
| Support 1 | 1182.5 | 16.51 | 44.39 | 152 | 1.0599 |
| Support 2 | 1175.0 | 16.33 | 43.53 | 151 8/32 | 1.0544 |
| Support 3 | 1167.4 | 16.20 | 42.23 | 150 24/32 | 1.0514 |
| Contract | March Corn | March Wheat | Jan. Beans | March SoyMeal | Jan. Nat Gas |
| Resistance 3 | 351.7 | 421.3 | 1057.25 | 332.97 | 3.46 |
| Resistance 2 | 348.6 | 418.4 | 1053.00 | 330.73 | 3.41 |
| Resistance 1 | 342.7 | 413.6 | 1047.75 | 327.47 | 3.37 |
| Pivot | 339.6 | 410.7 | 1043.50 | 325.23 | 3.32 |
| Support 1 | 333.7 | 405.8 | 1038.3 | 322.0 | 3.3 |
| Support 2 | 330.6 | 402.9 | 1034.00 | 319.73 | 3.23 |
| Support 3 | 324.7 | 398.1 | 1028.75 | 316.47 | 3.19 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:25pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedNov 30 | 2:00am | EUR |
German Retail Sales m/m
|
1.0% | -1.4% | ||||
| GBP |
Bank Stress Test Results
|
||||||||
| GBP |
BOE Financial Stability Report
|
||||||||
| GBP |
FPC Statement
|
||||||||
| 2:45am | EUR |
French Prelim CPI m/m
|
-0.1% | 0.0% | |||||
| 3:55am | EUR |
German Unemployment Change
|
-6K | -13K | |||||
| All Day | ALL |
OPEC Meetings
|
|||||||
| 5:00am | EUR |
CPI Flash Estimate y/y
|
0.6% | 0.5% | |||||
| EUR |
Core CPI Flash Estimate y/y
|
0.8% | 0.8% | ||||||
| EUR |
Italian Prelim CPI m/m
|
-0.2% | -0.1% | ||||||
| 7:30am | EUR |
ECB President Draghi Speaks
|
|||||||
| 8:15am | USD |
ADP Non-Farm Employment Change
|
161K | 147K | |||||
| 8:30am | USD |
Core PCE Price Index m/m
|
0.1% | 0.1% | |||||
| USD |
Personal Spending m/m
|
0.5% | 0.5% | ||||||
| USD |
Personal Income m/m
|
0.4% | 0.3% | ||||||
| 9:45am | USD |
Chicago PMI
|
52.1 | 50.6 | |||||
| 10:00am | USD |
Pending Home Sales m/m
|
0.3% | 1.5% | |||||
| 10:30am | USD |
Crude Oil Inventories
|
-1.3M | ||||||
| 11:00am | EUR |
German Buba President Weidmann Speaks
|
|||||||
| 11:45am | USD |
FOMC Member Powell Speaks
|
|||||||
| 2:00pm | USD |
Beige Book
|
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 here in 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 judgement in trading.
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