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Big day on the last trading day of the month tomorrow! 11.30.2016

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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:

  • Front month for Gold is February.
  • Silver front month is March.
  • Front month for most grains is March.
  • Crude oil and Natural gas are January.

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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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Futures Trading Levels

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.

Tags: Posted in: Crude Oil   | Future Trading News   | Futures Trading  

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