“Today’s session was classic example of a Summer Trading Session”
Fairly boring trading day on the futures market. Low volume and overall not many set ups after initial move up. It is what it is. As a futures trader, know what market environment you are in and don’t try to force trades if you don’t have the set ups you are looking for. Some days, the market provides better opportunities than others, sometimes it provides many more risks. Patience is key. No trade is better than a bad trade.
Futures & Commodity Trading Levels (Potential Support/Resistance)
This Week’s Calendar from Econoday.Com
All reports are EST time
Tuesday August 3rd – http://mam.econoday.com/byweek.asp?cust=mam
- Motor Vehicle Sales
- ICSC-Goldman Store Sales – 7:45 AM ET
- Personal Income and Outlays – 8:30 AM ET
- Redbook – 8:55 AM ET
- Factory Orders – 10:00 AM ET
- Pending Home Sales Index – 10:00 AM ET
- 4-Week Bill Auction – 11:30 AM ET
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations 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 futures 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!