Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Cannon Trading / E-Futures.com
Volatile action continue in the crude oil market, definitely not a market for traders with weak stomachs or those who don’t have “deep pockets”. High volatility.
Daily chart of May Crude below with possibility of market pulling back to 103.39 if selling resumes overnight – however this being said, the crude market is currently affected mostly by Mideast/Gaddafi news…..
Daily E-Mini S&P 500 futures trading chart screenshot from today April 11th 2011
Economic Reports Monday April 12, 2011
FOMC Member Dudley Speaks
Import Prices m/m
IBD/TIPP Economic Optimism
Federal Budget Balance
FOMC Member Tarullo Speaks
FOMC Member Yellen Speaks
Economics Report Source: http://www.forexfactory.com/calendar.php
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 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!