In This Issue
Reports and Expiration Notices
(all times are CST)
Friday, February 17
| Exchange | Details |
| CBOT | Floor: 12:00 close: Financial products. Regular close: Equity and agricultural products |
| eCBOT | 12:00 close: Dow-AIG commodity index products 12:30 close: Metals and mini-agricultural products 1:00 close: Financial products Regular close: Equity products |
| CME | Floor: 12:00 close: Commodity, foreign exchange, interest rate, and GSCI products 12:02 close: Commodity options Regular close: Equity products |
| GLOBEX | 12:00 close: E-Livestock products 3:15 close: Foreign exchange and interest rate products Regular close: Equity products |
| Nymex/Comex | 11:00 close: Aluminum and palladium 11:05 close: Copper and silver 11:10 close: Platinum and gold 12:00 close: Energy products |
| NYBOT | 12:00 close: Financial products Regular close: Agricultural products |
| OneChicago | Regular close |
| Eurex US | 1:00 close: Treasury products 4:00 close: Russell and foreign exchange products |
Sunday, February 19
| Exchange | Details |
| CBOT | Floor: Closed |
| eCBOT | Closed |
| CME | Floor: Closed |
| GLOBEX | Regular evening open |
| Nymex/Comex | Floor: Closed |
| Access/ClearPort | Closed |
| NYBOT | Closed |
| OneChicago | Closed |
| Eurex US | Closed: Treasury and Russell products Regular evening open: Foreign exchange products |
Monday, February 20
| Exchange | Details |
| CBOT | Floor: Closed |
| eCBOT | Day session closed Regular evening open |
| CME | Floor: Closed |
| GLOBEX | 10:30 close: Equity products 12:00 close: Foreign exchange and interest rate products Regular evening open |
| Nymex/Comex | Floor: Closed |
| Access/ClearPort | Day session closed Regular evening open |
| NYBOT | Closed |
| OneChicago | Closed |
| Eurex US | Closed: Treasury and Russell products Regular close: Foreign exchange products |
by Jim Wyckoff
Some Near-Term Chart Damage in April Gold
April gold futures on the Comex division of the New York Mercantile Exchange on Tuesday fell to a fresh five-week low of $537.80 an ounce. Prices are presently down around $35.00 an ounce from the early-February contract high of $579.50. Near-term technical damage has been inflicted with the recent sell off. If the bears can push and close April gold below Tuesday's low of $537.80, then they would gain more downside technical momentum and look to challenge the late-December "reaction low" of $496.50 an ounce. There is also major psychological support located at $500 an ounce. For the bulls to regain some near-term technical momentum, they will have to produce a close in April gold above chart resistance at $560.00. Resistance for April gold is located at $550.00, at $555.00 and then at $558.00 an ounce. Support is seen at $542.00, at $540.00 and then at this week's low of $537.80.
Jim has an EXCELLENT daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at JimWyckoff.com
Disclaimer: There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing in this newsletter is intended to be a trading recommendation for you to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information in this newsletter.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 02/16 Thu |
7:30 AM CST - Export & Import Prices(Jan)
7:30 AM CST - Housing Starts & Building Permits(Jan) 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Gas Storage 11:00 AM CST - Philadelphia Fed(Feb) 3:30 PM CST - Money Supply |
|
| 02/17 Fri |
7:30 AM CST - Dairy Products Prices
7:30 AM CST - PPI & Core PPI(Jan) 8:50 AM CST - Michigan Sentiment-Prel(Feb) |
FN: Mar Coffee(NYBOT)
Mar Orange Juice Options(NYBOT) |
| 02/20 Mon |
President's Day Holiday
|
|
| 02/21 Tue |
9:00 AM CST - Leading Indicators(Jan)
11:00 AM CST - FOMC Minutes(Jan 31) 2:00 PM CST - Cold Storage 2:00 PM CST - Cold Storage Annual |
LT: Mar Crude Oil(NYM)
|
| 02/22 Wed |
7:30 AM CST - CPI & Core CPI(Jan) 9:30 AM CST - API & DOE Energy Stats |
FN: Mar Cotton(NYBOT)
|
| 02/23 Thu |
7:00 AM CST - Cotton Consumption
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:00 AM CST - Help-Wanted Index(Jan) 9:30 AM CST - API & DOE Energy Stats 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
FN: Mar Crude Oil(NYM)
LT: Feb Pork Bellies(CME) Mar Silver Options(CMX) Mar Copper Options(CMX) Mar Unleaded Gas Options(NYM) Mar Heating Oil Options(NYM) Mar Henry Hub Nat Gas Options(NYM) |
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** 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!