In This Issue
Special Feature: Three Steps to Trading with Support and Resistance Numbers
Have You Tried E-Futures International?
Economic Reports and Expiration Notices
by Jonathan Day, Senior Broker with Cannon Trading Co., Inc.
Trading with support and resistance numbers takes patience, but it can provide valuable assistance in making your trading decisions.
In this article, Senior Broker Jonathan Day will walk you through three steps that can help you harness the full potential of these common but often underutilized numbers.
Using a chart of the 30-year June 2008 Bond (ZBM8), Jonathan will show you how to identify pivots and trends and help you see how professional traders view support and resistance numbers and attempt to profit regularly from them.
As with all trading, you should always have a gameplan in mind to manage your risk threshold and profit potential for each trade you execute.
Continue reading Three Steps to Trading with Support and Resistance Numbers. Fill out the short form below.
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Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations 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 futures 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!
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Features include:
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 11/20 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(Oct) 9:00 AM CDT - Philadelphia Fed(Nov) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Dec Cotton(ICE)
LT: Nov Feeder Cattle(CME) Dec Crude Oil(NYM) Nov Feeder Cattle Options(CME) Dec Silver Options(CMX) Dec Gold Options(CMX) Dec Copper Options(CMX) |
| 11/21 Fri |
7:30 AM - Dairy Products Prices
7:30 AM - Livestock Slaughter 2:00 PM - Cattle on Feed 2:00 PM - Cold Storage |
LT: Nov Valueline Options(KCBT)
Nov DJIA Options(CBT) Nov E-Mini S&P 500 Options(CME) Nov NASDAQ 100 Options(CME) Nov S&P 500 Options(CME) Nov Nikkei 225 Options(CME) Dec Wheat Options(CBT) Dec Orange Juice Options(ICE) Dec Heating Oil Options(NYM) Dec Natural Gas Options(NYM) Dec RB Gasoline Options(NYM) Dec US Bonds Options(CBT) Dec Corn Options(CBT) Dec Oats Options(CBT) Dec Rough Rice Options(CBT) Dec Soybeans Options(CBT) |
| 11/24 Mon |
7:30 AM CDT - Cotton Ginnings
9:00 AM CDT - Existing Home Sales(Oct) |
FN: Dec Crude Oil(NYM)
LT: Dec Natural Gas(NYM) |
| 11/25 Tue |
7:30 AM CDT - Chain Deflator-Prel(Q3)
7:30 AM CDT - GDP-Prel(Q3) 9:00 AM CDT - Consumer Confidence(Nov) |
LT: Nov Copper(CMX)
Nov Platinum(CMX) Nov Palladium(CMX) Nov Silver(CMX) Nov Gold(CMX) |
| 11/26 Wed |
9:35 AM CST - API & DOE Energy Stats
|
FN: Dec Natural Gas(NYM)
Lt: Nov Fed Funds(CBT) |
| 11/27 Thu |
Thanksgiving Day Holiday
|
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* 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!