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Support & Resistance Levels Daily Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.


Presidents Day 2018 Holiday Schedule for CME / Globex and ICE Exchanges

Presidents Day 2018 Holiday Schedule for CME / Globex and ICE Exchanges

Presidents Day 2018 Holiday Schedule for CME / Globex & ICE Exchanges

*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®  Presidents Day 2018 Holiday Schedule

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

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

Ice Futures Presidents 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.

Tags: > Posted in: Future Trading News  

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Important Market Report Tomorrow – CPI 2.15.2018

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

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Monthly Metals Update
  • Record 3rd highest Gold futures volume day of 698,050 lots on January 25.
  • Platinum futures OI record of 92,277 contracts set on January 31.
  • Copper futures volumes continue to grow, up 55% YoY. Record 2nd highest Copper futures volume day of 260,330 lots on January 16.
  • U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) futures (HRC) set a monthly volume record in January of 10,435 lots (208,700 short tons), up 81% YoY.

READ REPORT

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Tags: > > > Posted in: Future Trading News   | Futures Trading  

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Important Market Report Tomorrow – CPI 2.14.2018

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

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CPI report tomorrow early morning, will be watched closely by traders.
 

MARKET PLACE WRAP-UP

Interest Rates

Hedge Funds’ Biggest Short in Bonds Faces Make-or-Break Moment

(Bloomberg) — Hedge funds and other large speculators are more convinced than ever that the 2018 bond-market rout will resume in the days ahead.

The group, known for trading on momentum, boosted short bets in 10-year Treasury futures to a record 939,351 contracts, according to Commodity Futures Trading Commission data through Feb. 6. That means the violent market moves on Feb. 5, when the Dow Jones Industrial Average suffered an unprecedented drop and 10-year yields fell almost 14 basis points, weren’t enough to dissuade wagers that rates are headed higher. The next gut-check comes Wednesday, with the latest read on consumer prices.

Speculators’ positioning matters because it can push momentum to extremes, and can serve as a contrarian indicator since these traders are among the quickest to switch directions when prices turn against them. By contrast, longer-term holders like asset managers are seen as more likely to stay the course. Their net long in 10-year futures is the highest since October 2015.

The question facing Treasuries traders throughout the 2018 selloff is whether something is truly different this time that will push yields ever higher. After all, asset managers have been adding to long positions for months, and 10-year yields just keep setting multi-year highs. At the very least, investors may be recalibrating to a higher yield range.

The speculators’ stance “signals people think the 10-year has more value at 3-plus percent than at 2.85 percent,” said Ben Emons, head of credit portfolio management at Intellectus Partners LLC. “Anecdotal evidence suggests more pent-up demand for duration at 3 percent, especially by long-only players.”

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Tags: > > > Posted in: Future Trading News   | Futures Trading  

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Volatile Markets – Be Careful!! 2.13.2018

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

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Stock index futures seemed a bit more “relaxed” today with lower intra-day volatility and swings but still a pretty large upside moves.

Be careful and make sure you control your emotions, these are not the days for “revenge trading” and “double down” etc…( actually no day is good for that but with this type of volatility, you can get punished very quickly and pretty hard).

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Tags: > > > Posted in: Future Trading News   | Futures Trading   | Index Futures  

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Volatile Markets – Be Careful!! Grains Weather Updates…. 2.09.2018

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Dryness Extensive Across Southern Plains Wheat Belt

Moisture levels have remained very low across the majority of the hard red wheat belt in the central Plains throughout the winter, with moderate drought now widespread across eastern Colorado into central Oklahoma, and severe to extreme drought located in southern Kansas, Oklahoma, and much of central and northwestern Texas (see map below).

The outlook for the next few weeks shows an upturn in moisture across the northern Plains, with Colorado and Nebraska likely to see some notable improvements in moisture in the form of snowfall. Meanwhile, moisture receipts will likely remain below normal across south central Kansas into west central Oklahoma and northwestern Texas. While moisture needs this time of year are very low for wheat as it remains in dormancy, an upturn in moisture will be critical for these areas once it emerges from dormancy.

However, a drier pattern is expected to continue across the majority of the region in March, which will likely result in some significant stress as spring crop growth resumes. An upturn in rains is possible across the heart of the hard red wheat belt in April, though, which should begin to improve moisture supplies and crop conditions. The rains will be critical to prevent substantial yield reductions for the wheat crop.

By: Don Keeney
Senior Ag Meteorologist
Radiant Solutions  Read More with charts and other data at: http://pages.cmegroup.com/index.php/email/emailWebview

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Tags: > > > Posted in: Future Trading News   | Index Futures  

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