Commodities and Futures Trading Levels, September 16th 2010
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Well by now this is the 3rd or 4th time we are knocking on 1122.75…..that means one out of two (in my opinion): Tomorrow morning reports help this market break this level and start another leg up towards 1157.00
OR…..
Market fails one more time against this level, fills the gap below ( 1105.75) before giving us some additional clues.
I would love to have the “correct answer” to give you but only time and price action will tell….
SP 500 Day Trading
GOOD TRADING!
FUTURES TRADING LEVELS
Futures Trading Levels
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Thursday, September 16th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
Weekly Bill Settlement
Producer Price Index
8:30 AM ET
Jobless Claims
8:30 AM ET
Current Account
8:30 AM ET
Treasury International Capital
9:00 AM ET
Elizabeth Duke Speaks
9:30 AM ET
Tim Geithner Speaks
10:00 AM ET
Philadelphia Fed Survey
10:00 AM ET
EIA Natural Gas Report
10:30 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
52-Week Bill Announcement
11:00 AM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 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!
