Crude Oil and Saudi Arabia 7.26.2017

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Oil: Economic Landscape of Saudi Arabia

Highlights:

  • Saudi Arabia’s currency reserves drained by decline in oil prices
  • Listing of state oil company Aramco could bolster Saudi finances
  • Proceeds to be used to diversify Saudi economy from oil
  • A 5% stake in Aramco could be worth $1-$2 trillion

Continue reading “Crude Oil and Saudi Arabia 7.26.2017”

Mini NASDAQ Chart 7.25.2017

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Earning season is in full affect. Most earnings report after close usually.

In between NASDAQ made a new high, again….and stock index futures are some what back to lower volatility, summer type of trading.

On the other hand Crude Oil, gold, grains and few other markets are experiencing good ranges and above average volatility.

My opinion is that if you are a day trader primarily, you need to follow minimum of 2 markets, I like following 3 markets.

Certain days, different markets will offer different opportunities as well as risks. Some days one of the markets might be “dead” while others are moving and according to your preferred style and market environment you like, you can focus on those markets.

Continue reading “Mini NASDAQ Chart 7.25.2017”

Random Trading Thoughts shared by your Futures Broker….. 7.21.2017

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Some thoughts I wrote down the last few days….Random but may help some traders….

1. Why do so many traders ONLY trade the mini SP? There are other markets out here to trade  …
2. Do some new traders understand that certain markets have LIMIT UP and LIMIT DOWN moves??
3. Wow…the way many of the markets are trading today is quite different than how they traded 7 years ago….
4. I wonder how many of my clients know about the weekly options ( the mini SP actually has Monday, Wednesday and Friday expiration…) – some traders who complain about getting stopped, should pick up the phone and learn more about these options. Continue reading “Random Trading Thoughts shared by your Futures Broker….. 7.21.2017”

Podcast – Interest rates and the markets 7.20.2017

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Could Fed Rate Hikes Trigger Flight to Quality?

  • 13 Jul 2017
  • By Erik Norland CME group
  • Topics: Economic Events

As interest rates in the United States go higher over the next two years, will it trigger a flight to quality into bonds on both sides of the Atlantic Ocean? Continue reading “Podcast – Interest rates and the markets 7.20.2017”

Dollar Index Chart & Support and Resistance Levels 7.19.2017

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Big moves in the currency futures markets!

Moves in currencies usually lead to higher volatility in other markets like metals, energies, grains and more.

Take a look at the dollar Index daily chart:

Continue reading “Dollar Index Chart & Support and Resistance Levels 7.19.2017”

We Have a Winner for the Gold Challenge! Download FREE eBook 7.18.2017

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We are happy to announce that it is a Cannon’s blog member who won the gold challenge contest by the CME ! Below is a picture of the 1 Oz Gold Bar shipped to John M.

His guess for the price of August Gold on the close of June 30th was 1241.9.

Continue reading “We Have a Winner for the Gold Challenge! Download FREE eBook 7.18.2017”

Unleaded Gasoline Chart for Review 7.14.2017

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The following information published by the CME is quite interesting and may offer some longer term insight for those who are not too lazy to explore…..

https://www.cmegroup.com/education/monthly-options-review/june-options-review.html

On a different note:

Unleaded Gasoline is at decision point between the longer term downtrend and the shorter term bounce. Daily chart for your review below:

Continue reading “Unleaded Gasoline Chart for Review 7.14.2017”

Trading Video: Using Overbought Oversold Indicators 7.13.2017

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Trading 101: Using overbought/oversold indicators to day trade crude oil ( video)

I recorded this video a couple years ago, using one of our trading platforms, our charts and a few indicators/ALGOS I use.

Continue reading “Trading Video: Using Overbought Oversold Indicators 7.13.2017”

Mini Russell 2000 @ CME 7.11.2017

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Hope everyone had a nice weekend and will enjoy a successful trading week!

 A bit more on the mini Russell:

 http://www.cmegroup.com/trading/equity-index/us-index/ftse-russell-index-futures/emini-russell-2000-index-futures-and-options.html

For the next few months, the mini Russell 2000 will trade side by side on both the CME and ICE exchanges.

Continue reading “Mini Russell 2000 @ CME 7.11.2017”

Mini Russell 2000 is back @ CME this Monday! 7.07.2017

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The mini Russell 2000 is finally coming back to the CME. I say finally because the ICE exchange has been charging retail clients $110 per month for live data, which in my opinion is outrageous.

 As of Monday July 10 (Sunday evening), the mini Russell will be back at the CME and clients will have access to live data and trading for the same price they already pay to trade the CME mini SP, mini Nasdaq etc. (depending on the level of quotes and software that price can range between $1 per month to $6 per month). Continue reading “Mini Russell 2000 is back @ CME this Monday! 7.07.2017”