Trader’s Commodity Interview 3.01.2017
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Heads up: Front month for energies is now April. Front month for bonds/ten years is June as of tomorrow. Front month for grains is May.
A quick interview I did with our Friends over at Trading Technologies ( Cannon offers ALL of Trading Technologies products, including XTRADER for qualified clients).
Ilan Levy-Mayer is the vice president of Cannon Trading Company and chief trader for LEVEX Capital Management Inc., a commodity trading advisor. Levy-Mayer specializes in futures and commodities trading using technical analysis and algo trading. He oversees trading systems, risk and online marketing at Cannon while also running a trading program with LEVEX. A former professional basketball player, Levy-Mayer has been in the futures industry since 1998.
– Brian Mehta, CMO
You have an interesting background. How did you get involved in trading, and how has your prior experience as a professional athlete helped you as a trader?
Ilan: Athletics and trading are not so dissimilar. Learning that practice makes perfect and that spending hours in the gym would help my basketball game translated into me spending hours in front of the machine, watching markets and market patterns, trying to perfect my game.
I actually became involved in trading after becoming a broker. At the time, the online trading business just got started and I was watching too many self-directed online traders lose money way too quickly. READ THE REST….
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.
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Levels for Trade Date of 03.02.2017
| Contract March 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2446.00 | 5480.83 | 21581 | 1454.43 | 102.84 |
| Resistance 2 | 2423.50 | 5440.42 | 21371 | 1435.17 | 102.41 |
| Resistance 1 | 2408.25 | 5412.83 | 21229 | 1423.83 | 102.08 |
| Pivot | 2385.75 | 5372.42 | 21019 | 1404.57 | 101.65 |
| Support 1 | 2370.50 | 5344.83 | 20877 | 1393.23 | 101.32 |
| Support 2 | 2348.00 | 5304.42 | 20667 | 1373.97 | 100.89 |
| Support 3 | 2332.75 | 5276.83 | 20525 | 1362.63 | 100.56 |
| Contract | Apr. Gold | May Silver | April Crude Oil | June Bonds | March Euro |
| Resistance 3 | 1269.3 | 18.79 | 54.97 | 152 26/32 | 1.0667 |
| Resistance 2 | 1260.3 | 18.65 | 54.70 | 152 | 1.0631 |
| Resistance 1 | 1255.1 | 18.55 | 54.19 | 150 27/32 | 1.0591 |
| Pivot | 1246.1 | 18.41 | 53.92 | 150 1/32 | 1.0554 |
| Support 1 | 1240.9 | 18.31 | 53.41 | 148 28/32 | 1.0514 |
| Support 2 | 1231.9 | 18.17 | 53.14 | 148 2/32 | 1.0478 |
| Support 3 | 1226.7 | 18.07 | 52.63 | 146 29/32 | 1.0438 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 393.4 | 469.4 | 1071.58 | 344.03 | 2.92 |
| Resistance 2 | 387.8 | 463.3 | 1061.92 | 341.77 | 2.87 |
| Resistance 1 | 384.9 | 460.2 | 1056.83 | 340.53 | 2.83 |
| Pivot | 379.3 | 454.1 | 1047.17 | 338.27 | 2.79 |
| Support 1 | 376.4 | 450.9 | 1042.1 | 337.0 | 2.7 |
| Support 2 | 370.8 | 444.8 | 1032.42 | 334.77 | 2.70 |
| Support 3 | 367.9 | 441.7 | 1027.33 | 333.53 | 2.66 |
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 4:25pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMar 2 | 2:00am | EUR |
German Import Prices m/m
|
0.5% | 1.9% | ||||
| 3:00am | EUR |
Spanish Unemployment Change
|
5.2K | 57.3K | |||||
| 4:00am | EUR |
Italian Monthly Unemployment Rate
|
12.0% | 12.0% | |||||
| 4:30am | GBP |
Construction PMI
|
52.2 | 52.2 | |||||
| 5:00am | EUR |
CPI Flash Estimate y/y
|
1.8% | 1.8% | |||||
| EUR |
Core CPI Flash Estimate y/y
|
0.9% | 0.9% | ||||||
| EUR |
PPI m/m
|
0.5% | 0.7% | ||||||
| EUR |
Unemployment Rate
|
9.6% | 9.6% | ||||||
| Tentative | EUR |
Spanish 10-y Bond Auction
|
1.73|3.0 | ||||||
| Tentative | EUR |
French 10-y Bond Auction
|
1.07|2.1 | ||||||
| 7:30am | USD |
Challenger Job Cuts y/y
|
-38.8% | ||||||
| 8:30am | USD |
Unemployment Claims
|
243K | 244K | |||||
| 10:30am | USD |
Natural Gas Storage
|
-5B | -89B |
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.
