In This Issue
Determining Support and Resistance Levels on Charts
Economic Reports and Expiration Notices
by Jim Wyckoff
In this educational feature, I'm going to tackle an issue about which several of my readers have inquired: How to determine support and resistance areas on the charts.
My favorite method (and I believe this the most accurate method) of determining support and resistance levels...
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Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 08/23 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Sep Coffee(NYBOT)
|
| 08/24 Fri |
7:30 AM CDT - Durable Orders(Jul)
9:00 AM CDT - New Home Sales(Jul) 2:00 PM CDT - Dairy Products Prices 2:00 PM CDT - Livestock Slaughter |
LT: Sep Wheat Options(CBT)
Sep Rough Rice Options(CBT) Sep Corn Options(CBT) Sep Oat Options(CBT) Sep Soybean Options(CBT) Sep Soybean Oil Options(CBT) Sep Soybean Meal Options(CBT) Sep US Bond Options(CBT) |
| 08/27 Mon |
7:30 AM CDT - Existing Home Sales(Jul)
|
|
| 08/28 Tue |
7:30 AM CDT - Grain Stocks
9:00 AM CDT - Consumer Confidence(Aug) 1:00 PM CDT - FOMC Minutes(Aug 7) 2:00 PM CDT - Quarterly Hogs & Pigs |
LT: Aug Frozen Pork Bellies(CME)
Sep Copper Options(CMX) Sep Gold Options(CMX) Sep Silver Options(CMX) Sep Heating Oil Options(NYM) Sep Gasoline Options(NYM) Sep Natural Gas Options(NYM) |
| 08/29 Wed |
9:30 AM CDT - API & DOE Energy Stats
|
LT: Aug Gold(CMX)
Aug Silver(CMX) Aug Copper(CMX) Aug Platinum(NYM) Aug Palladium(NYM) Sep Natural Gas(NYM) |
| 08/30 Thu |
7:30 AM CDT - GDP-Prel(Q2) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Help-Wanted Index(Jul) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Sep Natural Gas(NYM)
Sep US Bonds(CME) LT: Aug Feeder Cattle(CME) Aug Feeder Cattle Options(CME) |
* 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!