Crude Oil & Support & Resistance Levels 11.20.2018

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Good article on crude oil and the energy markets from bloomberg.com.
The Oil Price Is Now Controlled By Just Three Men
Bin Salman, Trump and Putin are calling the market shots. The prince may struggle to defend output cuts against a hostile Trump and indifferent Putin.
OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond. But of course they each want different things.
While OPEC struggles to find common purpose, the U.S., Russia and Saudi Arabia dominate global supply. Together they produce more oil than the 15 members of OPEC. All three are pumping at record rates and each could raise output again next year, although they may not all choose to do so.
Big Beasts
Whether oil output from the Big 3 continues to outstrip OPEC will depend on the words and actions of Trump, Putin and Bin Salman
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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.

Futures Trading Levels

11-20-2018

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 20  2:00am EUR
German PPI m/m
0.3% 0.5%
Tentative All
OPEC-JMMC Meetings
5:00am GBP
Inflation Report Hearings
All Day EUR
ECOFIN Meetings
6:00am GBP
CBI Industrial Order Expectations
-6 -6
8:30am USD
Building Permits
1.26M 1.24M
USD
Housing Starts
1.23M 1.20M
10:00am EUR
German Buba President Weidmann Speaks

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.

Thanksgiving 2018 Holiday Schedule for CME / Globex and ICE Exchange

Thanksgiving 2018 Holiday Schedule for CME / Globex and ICE Exchange

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*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex®  Thanksgiving 2018 Holiday Schedule

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

Ice Futures Thanksgiving Day 2018 Holiday Trading Schedule

Detailed holiday hours: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Natural Gas Perspective & Support & Resistance Levels 11.16.2018

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Dear Traders,silence4991@gmail.com

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Natural Gas???
While most traders focus on markets like mini SP, mini NASDAQ, Crude oil and Gold, others may trade across the board in different markets including Natural Gas.
The last few days we witnessed some of the strongest volatility I have seen in ANY market for a while.
Here is a 60 minute chart of Natural Gas from the last 3 days, “picture is worth a 1000 words”…..I also circled the dollar value of the move per one contract!!
As far as explanation, nothing I can feel confident in as far as reasoning…but here is one source:, SeekingAlpha.com
Natural gas -13%, correcting following recent run-up
Nov. 15, 2018 10:58 AM ET|By: Carl Surran, SA News Editor
Cold weather in much of the U.S. lifts spot natural gas prices to their highest since January in several regions, while natural gas futures -13% to $4.18/MMBtu as investors took profits after rallying to the highest levels in nearly four years.
Prices were little changed by today’s EIA data showing U.S. supplies rising by 39B cf for the week ended Nov. 9.
Futures traders say the cold weather will force utilities to start withdrawing gas from storage caverns that already are well below normal for this time of year, prompting concerns of possible gas shortages in some parts of the U.S. later this winter.
Meanwhile, next-day prices rose to their highest since January at the Henry Hub benchmark in Louisiana, Dominion South in Pennsylvania and Chicago citygate.
Gas-focused equities are mixed: CHK +1.1%, AR +0.7%, EQT +0.1%, GPOR-0.2%, COG -1.3%, RRC -1.8%, SWN -2%.
Bottom Line is, regardless if you are an option seller, a swing trader, day trader and anything in between – ALWAYS have a money a management exit strategy or you can really get caught in a bad situation.
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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.

Futures Trading Levels

11-16-2018

 

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Economic Reports, source: 

www.forexfactory.com

 

 

Date 4:24pm Currency Impact Detail Actual Forecast Previous Graph
FriNov 16  2:00am EUR
German WPI m/m
0.2% 0.4%
3:30am EUR
ECB President Draghi Speaks
5:00am EUR
Final CPI y/y
2.2% 2.1%
EUR
Final Core CPI y/y
1.1% 1.1%
6:00am EUR
Italian Trade Balance
2.87B 2.56B
8:00am EUR
German Buba President Weidmann Speaks
9:15am USD
Capacity Utilization Rate
78.3% 78.1%
USD
Industrial Production m/m
0.2% 0.3%
9:30am GBP
CB Leading Index m/m
-0.2%
4:00pm USD
TIC Long-Term Purchases
46.2B 131.8B

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.

Webinar: Trading w/ Market Correlation & Trading Levels 11.15.2018

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Dear Traders,silence4991@gmail.com

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Webinar Thursday at 1:30 PM pacific time/ 4:30 EST . Register here.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this webinar are of opinion only and do not guarantee any profits.
Past performances are not necessarily indicative of future results.

 

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.

Futures Trading Levels

11-15-2018

 

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
ThuNov 15 4:30am GBP
Retail Sales m/m
0.1% -0.8%
5:00am EUR
Trade Balance
16.7B 16.6B
8:00am GBP
MPC Member Tenreyro Speaks
8:30am USD
Core Retail Sales m/m
0.5% -0.1%
USD
Retail Sales m/m
0.6% 0.1%
USD
Philly Fed Manufacturing Index
20.7 22.2
USD
Empire State Manufacturing Index
19.3 21.1
USD
Import Prices m/m
0.1% 0.5%
USD
Unemployment Claims
216K 214K
10:00am USD
FOMC Member Quarles Speaks
USD
Business Inventories m/m
0.3% 0.5%
10:30am USD
Natural Gas Storage
35B 65B
11:00am USD
Crude Oil Inventories
2.9M 5.8M
11:30am USD
Fed Chair Powell Speaks
1:00pm USD
FOMC Member Bostic Speaks

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.

Different Market, Different Trading Environments & Trading Levels 11.14.2018

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Dear Traders,silence4991@gmail.com

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Different market, different trading environments
Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES ( mini SP) is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
There are more than a few markets I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, personality and most active trading hours.
To read my notes about markets such as bonds, crude oil, gold, currencies and more, click here.

 

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.

Futures Trading Levels

11-13-2018

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Economic Reports, source: 

www.forexfactory.com

Date 3:57pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 14  2:00am EUR
German Prelim GDP q/q
-0.3% 0.5%
2:45am EUR
French Final CPI m/m
0.1% 0.1%
4:30am GBP
CPI y/y
2.5% 2.4%
GBP
PPI Input m/m
0.6% 1.3%
GBP
RPI y/y
3.4% 3.3%
GBP
Core CPI y/y
1.9% 1.9%
GBP
HPI y/y
3.3% 3.2%
GBP
PPI Output m/m
0.2% 0.4%
5:00am EUR
Flash GDP q/q
0.2% 0.2%
EUR
Industrial Production m/m
-0.4% 1.0%
Tentative EUR
German 30-y Bond Auction
1.04|1.4
8:30am USD
CPI m/m
0.3% 0.1%
USD
Core CPI m/m
0.2% 0.1%
10:00am USD
FOMC Member Quarles Speaks
6:00pm USD
Fed Chair Powell Speaks

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.

Trading Economic Reports – Free Premium Guide & Levels 11.13.2018

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Dear Traders,silence4991@gmail.com

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Trading 202: Trading Economic Reports – Free Premium Guide
Crude Inventories, Unemployment report, Housing Starts are just a few of the market moving reports we have on weekly basis
The financial market’s volatility attracts many to follow and trade economic events and use this volatility to try and generate profit. Unfortunately, trading isn’t easy. Starting from planning and preparing all the way through the releases, analyzing and trading economic events involves many steps. That is why we at Cannon Trading pick this content for you prepared by BetterTrader.Co
To download this 26 page PDF report, The essential guide to trading economic reports, click here.
If you like to set up a trader evaluation with any of our professional brokers to review your trading, platforms or chat markets in general, fill out your Trader’s Profile.

 

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.

Futures Trading Levels

11-13-2018

 

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Economic Reports, source: 

www.forexfactory.com

Date 3:33pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 13  2:00am EUR
German Final CPI m/m
0.2% 0.2%
2:45am EUR
French Prelim Private Payrolls q/q
0.3% 0.1%
4:30am GBP
Average Earnings Index 3m/y
3.0% 2.7%
GBP
Unemployment Rate
4.0% 4.0%
GBP
Claimant Count Change
4.3K 18.5K
5:00am EUR
German ZEW Economic Sentiment
-24.2 -24.7
EUR
ZEW Economic Sentiment
-17.3 -19.4
6:00am USD
NFIB Small Business Index
108.0 107.9
10:00am USD
FOMC Member Brainard Speaks
2:00pm USD
Federal Budget Balance
-116.6B 119.1B
Tentative USD
Loan Officer Survey

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.

Crude Oil Insight & Support & Resistance Levels 11.09.2018

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Dear Traders,

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Our own John Thorpe, on the big drop in the energy sector:
“Traders began focusing on defending the Bear Line in the sand at $61.20 per barrel,” John Thorpe, a commodity broker at Cannon Trading, told UPI.
“The EIA sees 2018 domestic crude production at 10.9 million barrels per day, up 1.5 percent from the October forecast. It also lifted its 2019 view on output by 2.6 percent to 12.06 million barrels a day,” he added, referring to a report issued Tuesday that was having an impact in the market.
“The expectations for lower prices yet further, increase the argument for crude entering into a bear market,” he said.
With prices seeing declines, there was speculation that producer nations may resort to production cuts. According to the OPEC website, the organization has its 175th ordinary meeting scheduled for Dec. 6 in Vienna.
Representatives of some nations will meet on November 12-15 on the framework of ADIPEC, the Abu Dhabi International Petroleum Exhibition and Conference
If you like to set up a trader evaluation with John or any of our professional brokers to review your trading, platforms or chat markets in general, fill out your Trader’s Profile.

 

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.

Futures Trading Levels

11-09-2018

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
FriNov 9  2:45am EUR
French Industrial Production m/m
-0.3% 0.3%
4:30am GBP
GDP m/m
0.1% 0.0%
GBP
Manufacturing Production m/m
0.1% -0.2%
GBP
Prelim GDP q/q
0.6% 0.4%
GBP
Prelim Business Investment q/q
0.2% -0.7%
GBP
Construction Output m/m
0.2% -0.7%
GBP
Goods Trade Balance
-11.4B -11.2B
GBP
Index of Services 3m/3m
0.5% 0.5%
GBP
Industrial Production m/m
-0.1% 0.2%
Tentative GBP
NIESR GDP Estimate
0.7%
8:30am USD
PPI m/m
0.2% 0.2%
USD
Core PPI m/m
0.2% 0.2%
9:00am USD
Final Wholesale Inventories m/m
0.3% 0.3%
9:05am USD
FOMC Member Quarles Speaks
10:00am USD
Prelim UoM Consumer Sentiment
98.0 98.6
USD
Prelim UoM Inflation Expectations
2.9%

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.

FOMC & Support & Resistance Levels 11.08.2018

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Dear Traders,

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FOMC decision tomorrow
According to Fed Funds Futures,
No hike this week from FOMC
The probability of another .25 hike this week stands at 5.9%
Market reaction will be language driven
Here is a guide to LIMIT moves in stock indices:
Just in case…..
Few tips when trading stock indices and interest rates on FOMC days:
The following are suggestions on trading during FOMC days:
  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • Be patient and be disciplined
  • If in doubt, stay out!!

 

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.

Futures Trading Levels

11-07-2018

 

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:22pm Currency Impact Detail Actual Forecast Previous Graph
ThuNov 8 2:00am EUR
German Trade Balance
18.2B 18.3B
2:45am EUR
French Trade Balance
-6.1B -5.6B
4:00am EUR
ECB Economic Bulletin
5:00am EUR
EU Economic Forecasts
Tentative EUR
French 10-y Bond Auction
0.86|1.6
8:30am USD
Unemployment Claims
214K 214K
8th-9th USD
Mortgage Delinquencies
4.36%
10:30am USD
Natural Gas Storage
56B 48B
2:00pm USD
FOMC Statement
USD
Federal Funds Rate
<2.25% <2.25%

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.

FOMC tomorrow & Support & Resistance Levels 11.07.2018

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Dear Traders,

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We have both elections and FOMC tomorrow…
According to Fed Funds Futures,
No hike this week from FOMC
The probability of another .25 hike this week stands at 5.9%
Market reaction will be language driven
Here is a guide to LIMIT moves in stock indices:
Just in case…..
To view a full list of the trading ALGOS we offer at Cannon Trading for automated trading, click here

 

 

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.

Futures Trading Levels

11-07-2018

 

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 7  2:00am EUR
German Industrial Production m/m
0.0% -0.3%
3:30am GBP
Halifax HPI m/m
0.5% -1.4%
4:00am EUR
Italian Retail Sales m/m
-0.1% 0.7%
5:00am EUR
Retail Sales m/m
0.1% -0.2%
Tentative EUR
German 10-y Bond Auction
0.55|1.1
10:30am USD
Crude Oil Inventories
2.0M 3.2M
1:01pm USD
30-y Bond Auction
3.34|2.4
3:00pm USD
Consumer Credit m/m
15.7B 20.1B
7:01pm GBP
RICS House Price Balance
-2% -2%

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.

Automated Trading & Support & Resistance Levels 11.06.2018

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Elections are knocking on volatility door…..
Be ready mentally, trading wise and financially as a trader.
I said it before, too many traders spend a lot of time on trade entries and signals and not enough on the actual trade management and money management.

To view a full list of the trading ALGOS we offer at Cannon Trading for automated trading, click here

 

 

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.

Futures Trading Levels

11-06-2018

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Economic Reports, source: 

www.forexfactory.com

Date 4:09pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 6 2:00am EUR
German Factory Orders m/m
-0.4% 2.0%
3:15am EUR
Spanish Services PMI
51.9 52.5
3:45am EUR
Italian Services PMI
52.1 53.3
3:50am EUR
French Final Services PMI
55.6 55.6
3:55am EUR
German Final Services PMI
53.6 53.6
4:00am EUR
Final Services PMI
53.3 53.3
Tentative GBP
10-y Bond Auction
1.60|1.9
5:00am EUR
PPI m/m
0.4% 0.3%
10:00am USD
JOLTS Job Openings
7.14M
Tentative USD
IBD/TIPP Economic Optimism
59.2 57.8
All Day USD
Congressional Elections
1:01pm USD
10-y Bond Auction
3.23|2.4

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.