Busy week ahead!
Starting with tomorrow’s PPI and Powell speaking, followed by Wednesday higher impact CPI. Usually we have CPI comes out first followed by the PPI report.
Below you will see a summary of this week’s meaningful reports.
Volatility in Cocoa markets continues with the market losing close to 20% in today’s session!! That is close to 18 full points or $18,000 per contract!!
Coffee is also experiencing higher than usual price swings and both are correlated to the Brazilian Real which is a legitimate, tradeable futures currency contract!
If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.
Questions? We are happy to help!
Daily Levels for May 13th, 2024
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* 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.