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Best Trading Practices: Always Ask Your Futures Broker July 30th 2010

“Last Trading day of the month tomorrow.”

At any time traders, especially self directed futures traders, must be aware of first notice day, last trading, economic reports etc.

Tomorrow is first notice day for August Gold futures contract – As your futures and commodity broker we try our best to keep many of you informed via this daily blog but always make sure you contact your futures broker with any questions you may have.

Daily chart of September e-mini Dow Jones below for review. I am not sure about direction to be honest. Both bulls and bears have a case and at this point we are trading in a band between 10293 and 10536, which is a wide trading range.

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation

YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

Trading Levels:

Futures Trading Levels for July 29th 2010

Futures Trading Levels for July 29th 2010

This Week’s Calendar from Econoday.Com
All reports are EST time
Friday July 30th – http://mam.econoday.com/byweek.asp?cust=mam

  • GDP – 8:30 AM ET
  • Employment Cost Index – 8:30 AM ET
  • Chicago PMI – 9:45 AM ET
  • Consumer Sentiment – 9:55 AM ET
  • Farm Prices – 3:00 PM 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!

 

Tags: > Posted in: Commodity Brokers   | Commodity Trading   | Future Trading News   | Futures Broker   | Futures Trading   | Index Futures   | Metal Futures   | Trading Guide  

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