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Dear Traders,
Ranking 30 Futures Market Moving EventsWhere do I look and when do I pay attention?
By: Cannon Trading
Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.
Here’s the scenario:
You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.
**DING**
You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.
Then, all of a sudden, the top of the hour hits and the market starts acting up. It’s getting more volatile and more volatile; it’s picking up speed and taking an unforgiving turn against you. You can’t think straight,
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
5.11.2017
| Contract June 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2408.33 | 5705.75 | 21033 | 1421.53 | 100.02 |
| Resistance 2 | 2402.67 | 5692.75 | 20984 | 1410.77 | 99.81 |
| Resistance 1 | 2398.83 | 5684.25 | 20939 | 1404.33 | 99.67 |
| Pivot | 2393.17 | 5671.25 | 20890 | 1393.57 | 99.46 |
| Support 1 | 2389.33 | 5662.75 | 20845 | 1387.13 | 99.31 |
| Support 2 | 2383.67 | 5649.75 | 20796 | 1376.37 | 99.10 |
| Support 3 | 2379.83 | 5641.25 | 20751 | 1369.93 | 98.96 |
| Contract | June Gold | May Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1232.5 | 16.52 | 49.86 | 152 10/32 | 1.0957 |
| Resistance 2 | 1229.1 | 16.43 | 48.82 | 151 28/32 | 1.0937 |
| Resistance 1 | 1224.2 | 16.32 | 48.09 | 151 9/32 | 1.0912 |
| Pivot | 1220.8 | 16.23 | 47.05 | 150 27/32 | 1.0892 |
| Support 1 | 1215.9 | 16.12 | 46.32 | 150 8/32 | 1.0867 |
| Support 2 | 1212.5 | 16.03 | 45.28 | 149 26/32 | 1.0847 |
| Support 3 | 1207.6 | 15.92 | 44.55 | 149 7/32 | 1.0822 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July Nat Gas |
| Resistance 3 | 384.2 | 446.1 | 1006.17 | 333.57 | 3.50 |
| Resistance 2 | 379.1 | 440.9 | 997.58 | 329.63 | 3.42 |
| Resistance 1 | 376.4 | 436.3 | 983.92 | 323.67 | 3.35 |
| Pivot | 371.3 | 431.2 | 975.33 | 319.73 | 3.28 |
| Support 1 | 368.7 | 426.6 | 961.7 | 313.8 | 3.2 |
| Support 2 | 363.6 | 421.4 | 953.08 | 309.83 | 3.13 |
| Support 3 | 360.9 | 416.8 | 939.42 | 303.87 | 3.06 |
Economic Reports, Source:
https://www.forexfactory.com/
| Date | 3:59pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMay 11 | 2:00am | EUR |
German WPI m/m
|
0.1% | 0.0% | ||||
| 4:00am | EUR |
ECB Economic Bulletin
|
|||||||
| 4:30am | GBP |
Manufacturing Production m/m
|
-0.2% | -0.1% | |||||
| GBP |
Goods Trade Balance
|
-11.7B | -12.5B | ||||||
| GBP |
Construction Output m/m
|
0.3% | -1.7% | ||||||
| GBP |
Industrial Production m/m
|
-0.4% | -0.7% | ||||||
| 5:00am | EUR |
EU Economic Forecasts
|
|||||||
| 6:25am | USD |
FOMC Member Dudley Speaks
|
|||||||
| 7:00am | GBP |
BOE Inflation Report
|
|||||||
| GBP |
MPC Official Bank Rate Votes
|
1-0-8 | 1-0-8 | ||||||
| GBP |
Monetary Policy Summary
|
||||||||
| GBP |
Official Bank Rate
|
0.25% | 0.25% | ||||||
| GBP |
Asset Purchase Facility
|
435B | 435B | ||||||
| GBP |
MPC Asset Purchase Facility Votes
|
0-0-9 | 0-0-9 | ||||||
| 8:00am | GBP |
NIESR GDP Estimate
|
0.5% | ||||||
| 8:30am | USD |
PPI m/m
|
0.2% | -0.1% | |||||
| USD |
Unemployment Claims
|
245K | 238K | ||||||
| USD |
Core PPI m/m
|
0.2% | 0.0% | ||||||
| 10:30am | USD |
Natural Gas Storage
|
52B | 67B | |||||
| 1:01pm | USD |
30-y Bond Auction
|
2.94|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.