In This Issue
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Economic Reports and Expiration Notices
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Disclaimer
* 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!
by Jim Wyckoff
Cocoa futures on the New York Board of Trade are in a strong price uptrend, as seen on the daily bar chart. There are no early technical clues of a market top being close at hand as the bulls have the solid near-term technical advantage. The bears would regain some fresh downside near-term technical momentum if they could push and close September cocoa futures below a strong support zone located at $2,035 to $2,004. The bulls would gain additional upside power by pushing September futures above strong chart resistance at the contract high of $2,141. Stay tuned!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 07/19 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(Jun) 9:30 AM CDT - EIA Gas Storage 11:00 AM CDT - Philadelphia Fed(Jul) 1:00 PM CDT - FOMC Minutes(Jun 28) 3:30 PM CDT - Money Supply |
LT: Jul Coffee(NYBOT)
|
| 07/20 Fri |
2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Livestock Slaughter 2:00 PM CDT - Cold Storage 2:00 PM CDT - Dairy Products Prices |
LT: Aug Crude Oil(NYM)
Jul Valueline Options(KCBT) Jul Nikkei 225 Options(CME) Jul DJIA Options(CBT) Jul NASDAQ 100 Options(CME) Jul S&P 500 Options(CME) Jul E-Mini S&P 500 Options(CME) Aug Wheat Options(CBT) Aug Orange Juice Options(NYBOT) Aug Corn Options(CBT) |
| 07/23 Mon |
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| 07/24 Tue |
|
|
| 07/25 Wed |
9:00 AM CDT - Existing Home Sales(Jun)
9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - Fed's Beige Book |
|
| 07/26 Thu |
7:30 AM CDT - Durable Orders(Jun)
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Help-Wanted Index(Jun) 9:00 AM CDT - New Home Sales(Jun) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Jul Frozen Pork Bellies(CME)
Aug Copper Options(CME) Aug Gold Options(CME) Aug Silver Options(CME) Aug Heating Oil Options(NYM) Aug Gasoline 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!