What you need to know before trading futures tomorrow

Did you see the note about Hungary halting all wheat exports today? Apparently they are a major European wheat exporter. Damn, looks like there will be more upside for that one.

 

Very unique situation. Some of me hedgers are very happy about their cash crop but getting stressed on the hedge/futures side.....Also as a side note with wheat, there is a mini wheat contract.

 

Yeah, ZW I believe on CME. I never followed it as it seemed to have light volume. I am guessing the ICE product has more liquidity.

 

The ZWA is on the CBOT part of the CME group and good volume overall for a grain market, around 75000 contracts per day on average.

On different note,

MORE CME energy margin increases:


CL $11,550 --> $13,200

HO $12,200 --> $14,300

RB $11,100 --> $13,200

 

Volatility did NOT slow down to start the week and accelerated in stock index futures today as well as metals and energies.

Levels for tomorrow below, note wheat levels are for July as May is still locked limit up.
Volatility did NOT slow down to start the week and accelerated in stock index futures today as well as metals and energies.

 

No trade is better than a bad trade is even more applicable during times of intense and historic volatility across many markets.
A n interesting options report by the CME on trading grain options during high volatility at: https://www.cannontrading.com/tools...kets-support-and-resistance-levels-3-09-2022/
Levels for tomorrow, March 9th, 2022:

 

"I use mental stops" + levels for March 10th on our daily blog.

 

Levels for tomorrow, March 11th 2022

 

Levels for Monday, article about day trading crude oil "fear and greed" and more on our weekly newsletter, now live!

 

June is now the front month for Stock Index futures like Es, MES, NQ, MNQ etc. as well as for financials like ZB and ZN and currencies as well, like 6E, 6B etc.


ESM22 instead of ESH22.


March stock index futures will settle into cash on Friday morning right around the open.



Also note, Margin increase in several markets.


Make sure to visit our margin page.


Volatility is higher and some moves are very violent, have a risk management, trade management in plan, don't jump in the water with out some sort of a life vest.

Levels for Tuesday March 15th below: