CME
Floor:
Closed: Foreign exchange and interest rate contracts Regular close: Equity, commodity, GSCI, weather, and housing contracts
GLOBEX
Regular close
NYMEX/COMEX
Floor:
Regular close
CME Globex and Clearport
Regular close
NYBOT
Regular close
OneChicago
Regular close
NYSE
Regular close
*All times listed in Central Daylight Time
The above calendar is compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.
November crude oil futures recently hit a fresh contract high of $83.76 a barrel. Prices then backed off sharply on some profit-taking pressure from the recent strong gains. While no serious technical damage has yet occurred to strongly suggest that a major market top is in place in the crude oil market, the recent higher volatility at higher price levels has produced a rare and potentially bearish broadening pattern on the daily bar chart. Broadening patterns usually occur at market tops and are formed by the higher volatility at higher price levels. However, the crude oil bulls are still in overall near-term technical control. The crude oil bears would gain some solid downside technical momentum by pushing and closing November crude oil futures prices below the solid technical support zone seen on the daily chart. Also, as goes the crude oil market, so will likely go many other raw commodity futures markets. Indeed, many traders in many markets are keeping a close eye on a key "outside market"--crude oil. Stay tuned!
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 Jim Wyckoff
LT: Oct U.S. Dollar Index Options(NYBOT)
Oct Live Cattle Options(CME)
Oct Currency Options(CME)
Nov Cocoa Options(NYBOT)
10/08 Mon
Columbus Day Holiday
10/09 Tue
1:00 PM CDT - FOMC Minutes(Sep 18)
LT: Oct Cotton(NYBOT)
10/10 Wed
9:00 AM CDT - Wholesale Inventories(Aug)
9:30 AM CDT - API & DOE Energy Stats
10/11 Thu
7:30 AM CDT - Export & Import Prices(Sep)
7:30 AM CDT - Trade Balance(Aug)
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: Oct Live Cattle(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!
