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November 18, 2016 Newsletter

An overlooked ingredient that may help your trading along with a review of crude oil futures chart


November 18th, 2016 - Issue #853

In This Issue

1. Trading 101: An Overlooked Key to Improving your Trading
2. Hot Market Report: Nymex Crude Oil Rebounds From Strong Technical Support Area
3. Economic Calendar

Thanksgiving Holiday Trading Schedule - Happy Turkey Day to our valued clients and prospects!

1. Trading 101: An Overlooked Key to Improving your Trading - Learn to Accept Losses

by: Ilan Levy-Mayer, VP

I am frequently asked, (and many times I ask myself) about the keys to trading success in general and futures trading in specific. The list is long and, to be honest, it is not an exact science

Successful trading is a mix of art and math, personality and discipline and much more in between. alto be honest, I have seen many different ways to make money in the futures and commodities world. I saw and still see clients trade and make money.

accept a losing day

One of the most frequent and overlooked problems is not “how to make money”, but one key is actually “learning how to lose”… .If you have never traded before you may raise an eyebrow…If you have indeed traded before, you’re starting to smell where I am going with this….

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2. Hot Market Report - Nymex Crude Oil Rebounds From Strong Technical Support Area


From our friend Jim Wyckoff

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 jimwyckoff.com click on image below to enlarge

crude oil Futures

The Nymex crude oil futures market this week has seen a good rebound in prices after challenging a strong layer of technical support in the low $40s. The bulls have gained some technical momentum this week to begin to suggest a near-term market bottom is in place. My bias is that crude oil prices will generally be maintained in a range between $40 and $50 a barrel for at least the near term. Stay tuned!

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
11/18
Fri
2:00 PM CST - Cattle On Feed
2:00 PM CST - Milk Production

LT: Nov Nikkei Options(CME)
Nov E-Mini Dow Options(CME)
Nov E-Mini S&P 500 Options(CME)
Nov E-Mini NASDAQ Options(CME)
Nov Russell Options(CME)
Nov S&P 500 Options(CME)
Dec Orange Juice Options(ICE)
11/21
Mon



FN: Dec Coffee(ICE)
LT: Dec Crude Lt(NYM)

11/22
Tue
9:00 AM CST - Existing Home Sales(Oct)
2:00 PM CST - Cold Storage
3:30 PM CST - API Energy Stocks
LT: Dec Copper Options(CMX)
Dec Gold Options(CMX)
Dec Silver Options(CMX)
11/23
Wed
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - Durable Orders(Oct)
7:30 AM CST - Durable Orders Ex-Transportation(Oct)
8:00 AM CST - FHFA Housing Price Index(Sep)
9:00 AM CST - Michigan Sentiment-Final(Nov)
9:00 AM CST - New Home Sales(Oct)
9:30 AM CST - EIA Petroleum Status Report
9:30 AM CST - EIA Natural Gas Report
1:00 PM CST - FOMC Minutes
2:00 PM CST - Dairy Products Sales
FN: Dec Cotton(NYM)
Dec Crude Lt(NYM)
Dec 2,5,10 Year Notes Options(CBT)
Dec Bonds Options(CBT)
11/24
Thu
THANKSGIVING DAY





11/25
Fri
7:30 AM CST - USDA Weekly Export Sales
3:30 PM CST - Money Supply

LT: Dec Canola Options(CBT)
Dec Wheat Options(CBT)
Dec Corn Options(CBT)
Dec Oats Options(CBT)
Dec Rough Rice Options(CBT)
Dec Soybeans,Soymeal,Soyoil Options(CBT)
Dec Natural Gas Options(NYM)
Dec RBOB & ULSD Options(NYM)
11/28
Mon



LT: Nov Copper(CMX)
Nov Gold(CMX)
Nov Silver(CMX)
Nov Platinum(NYM)
Nov Palladium(NYM)
Dec Natural Gas(NYM)
11/29
Tue
7:30 AM CST - GDP-Second Estimate(Q3)
7:30 AM CST - GDP Deflator-Second Estimate(Q3)
8:00 AM CST - Case-Shiller 20-City Index(Sep)
9:00 AM CST - Consumer Confidence(Nov)
3:30 PM CST - API Energy Stocks
FN: Dec Natural Gas(NYM)
LT: Nov Butter(CME)
Nov Milk(CME)
Nov Butter Options(CME)
Nov Milk Options(CME)

11/30
Wed
6:00 AM CST - MBA Mortgage Index
7:15 AM CST - ADP Employment Change(Nov)
7:30 AM CST - Core PCE Price Index(Oct)
7:30 AM CST - Personal Income & Spending(Oct)
8:45 AM CST - Chicago PMI(Nov)
9:00 AM CST - Pending Home Sales(Oct)
9:30 AM CST - EIA Petroleum Status Report
1:00 PM CST - Fed's Beige Book(Nov)
2:00 PM CST - Dairy Products Sales
FN: Dec 2,5,10 Year Notes(CBT)
Dec Bonds(CBT)
Dec Copper(CMX)
Dec Gold & Silver(CMX)
Dec Platinum & Palladium(NYM)
Dec Wheat(CBT)
Dec Corn(CBT)
Dec Oats(CBT)
Dec Soymeal & Soyoil(CBT)
LT: Nov Fed Funds(CME)
Dec RBOB & ULSD(NYM)
Nov Fed Funds Options(CME)
Dec Lumber Options(CME)
12/01
Thu
6:30 AM CST - Challenger Job Cuts(Nov)
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
9:00 AM CST - Construction Spending(Oct)
9:00 AM CST - ISM Index(Nov)
9:30 AM CST - EIA Natural Gas Report
1:00 PM CST - Auto & Truck Sales(Nov)
2:00 PM CST - Fats & Oils
2:00 PM CST - Grain Crushings
3:30 PM CST - Money Supply



FN=First Notice, OE=Option Expiration, LT=Last Trade

Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. 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 release dates for certain economic reports may have been rescheduled.

* 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!

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