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The Week Ahead in Futures Trading + Trading Levels for 12.02

Posted on November 29, 2024 by Jenny Collins

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In this issue:

Important Notices – Week Ahead – What to expect
Hot Market of the Week – July-Dec Corn Spread
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices – Next Week Highlights:

The Week Ahead

By John Thorpe, Senior Broker

128 corporate earnings reports and a number of meaningful Economic data releases.

Chairman Powell speaks , Wed. 12:45 Central @ NYT DealBook Summit, Non Farm Payrolls will be released Friday before the open

Prominent Earnings Next Week:

Mon. quiet
Tue. SalesForce , Marvell Tech
Wed. Synopsis Inc
Thu. HP, Kroger, Lululemon
Fri. quiet

FED SPEECHES:

Mon. Waller, Williams
Tue. Kugler, Goolsbee
Wed. Musalem, Chair Powell 12:45 Central
Thu. quiet
Fri. Bowman, Goolsbee, Hammack

Economic Data week:

Mon. ISM Manufacturing PMI Final, Construction Spending
Tues. RedBook, JOLTS
Wed. SP Svcs PMI, ISM Svcs PMI
Thur. Balance of Trade, Initial Claims
Fri. Non Farm Payrolls, Michigan consumer sentiment

Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

FREE TRIAL AVAILABLE

July – Dec Corn Spread

The July – Dec corn spread completed its third upside PriceCount objective and is consolidating its trade for the moment. At this point, IF the chart can resume its rally it will first have to contend with overhead at the spring and contract highs. A breakout above those levels would project a possible run to the low percentage fourth count to the 37.5 area.

PriceCounts – Not about where we’ve been , but where we might be going next!

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Yes

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Trading Levels for Next Week

Daily Levels for December 2nd

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Would you like to receive daily support & resistance levels?

Yes

Weekly Levels

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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

Good Trading!

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.