In This Issue
The Commitments of Traders (COT) reports provide a breakdown of each Tuesday's open interest for futures market reports in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
Cannon Trading has developed a tool where you can easily browse the Commitments of Traders, which you can visit by clicking the following link:
While gold has suffered meaningful damage on the daily chart, a look at the weekly chart suggests that a pull back towards the 1090 level will be considered "normal." However, a break below 1090 can lead into a stronger sell off with some levels to watch on the chart below.
Click the image to enlarge. Press "x" to close.
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!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 12/10 Thu |
7:30 AM CST - WASDE Report & Crop Production
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Trade Balance(Oct) 9:35 AM CST - EIA Gas Storage 1:00 PM CST - Treasury Budget(Nov) 3:30 PM CST - Money Supply |
|
| 12/11 Fri |
7:30 AM CST - Dairy Products Prices
7:30 AM CST - Import & Export Prices(Nov) 7:30 AM CST - Retail Sales(Nov) 8:55 AM CST - Mich Sentiment-Prel(Dec) 9:00 AM CST - Business Inventories(Oct) |
LT: Jan Coffee Options(ICE)
|
| 12/14 Mon |
7:30 AM CST - NOPA Crush
|
FN: Dec Currencies(CME)
LT: Dec Barley(CBT) Dec Wheat(CBT) Dec Corn(CBT) Dec Oats(CBT) Dec Soymeal(CBT) Dec Soyoil(CBT) Dec Currencies(CME) Dec US Dollar Index(ICE) Dec LIBOR(CME) Dec US T-Bill(CBT) Dec Lean Hogs(CME) Dec LIBOR Options(CME) Dec Lean Hogs Options(CME) Dec US T-Bill Options(CBT) |
| 12/15 Tue |
7:30 AM CST - Core PPI & PPI(Nov)
7:30 AM CST - Empire Manufacturing(Dec) 8:00 AM CST - Net Long-Term TIC Flows(Oct) 8:15 AM CST - Capacity Util & Industrial Prod(Nov) FOMC MEETING |
FN: Dec Canadian Dollar(CME)
Dec US Dollar Index(ICE) LT: Dec Canandian Dollar(CME) Dec Cocoa(ICE) |
| 12/16 Wed |
7:30 AM CST - Housing Starts & Building Permits(Nov)
7:30 AM CST - Core CPI & CPI(Nov) 9:35 AM CST - API & DOE Energy Stats 1:15 PM CST - FOMC Rate Decision |
LT: Jan Crude Lt Options(NYM)
Jan Platinum Options(CMX) |
| 12/17 Thu |
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - USDA Weekly Export Sales 9:00 AM CST - Leading Indicators(Nov) 9:00 AM CST - Philadelphia Fed(Dec) 9:35 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Dec Value Line(CME)
Dec S&P 500(CME) Dec NASDAQ(CME) Dec Value Line Options(CME) Dec S&P 500 Options(CME) Dec NASDAQ 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!