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Large Moves in the Futures Markets & Trading Levels 10.01.2020

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The last trading days and first trading days of month/ quarter have some unique characteristics in my opinion.
Tomorrow is the first trading day of October/4th quarter and today was the last trading day for September/ 3rd quarter.
I noticed that sometimes the last and first trading days of the month will have larger than normal moves.
my guess is that:
1.  large funds are positioning themselves or “squaring off books” for accounting purposes.
2. Longer term traders have the full picture of the monthly chart
Either way, always good to do some homework, go back in your charts and see if you are able to notice any patterns etc.

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 when it comes to Futures Trading.

 

Futures Trading Levels

10-01-2020

Economic Reports, source: 

https://forexfactory.com

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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