CannonTrading_Ilan
Sponsor
Wishing all of you a great trading day! Levels for the day below
Daily Support & Resistance Levels and Other valuable Info for Futures Traders...
- Thread starter CannonTrading_Ilan
- Start date
Regarding Lumber, don't know if you are quoting ICE or CME lumber. But note that old random-length lumber on CME is going away and being replaced with a new listing...
https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2022/07/Chadv22-254.pdf
https://www.cmegroup.com/markets/agriculture/lumber-and-softs/lumber.html
CannonTrading_Ilan
Sponsor
yes! A new lumber, 1/4th the size - we shared on our blog few days ago as well:
What You Need to Know Before Trading July 7th:
by Mark O’Brien
Softs:
Big news regarding lumber futures! Pending approval, on Aug 8 the CME Group will introduce revamped lumber futures and options. These are not newly offered alternative futures contracts and options, but a complete remodel of the existing ones. The contracts and options will keep the same symbols but the leverage will be 1/4 the existing specifications: 27,500 board feet, down from 110,000. A $1.00 move will be equal to $27.50, down from $110.00.
The contracts’ minimum tic size will be going up from $0.10 ($11) to $0.50 ($13.75).
Trading hours: Mon. – Fri.: 9:00 A.M. – 3:05 P.M., Central Time.
Contract settlement will remain physically delivered.
What You Need to Know Before Trading July 7th:
by Mark O’Brien
Softs:
Big news regarding lumber futures! Pending approval, on Aug 8 the CME Group will introduce revamped lumber futures and options. These are not newly offered alternative futures contracts and options, but a complete remodel of the existing ones. The contracts and options will keep the same symbols but the leverage will be 1/4 the existing specifications: 27,500 board feet, down from 110,000. A $1.00 move will be equal to $27.50, down from $110.00.
The contracts’ minimum tic size will be going up from $0.10 ($11) to $0.50 ($13.75).
Trading hours: Mon. – Fri.: 9:00 A.M. – 3:05 P.M., Central Time.
Contract settlement will remain physically delivered.
CannonTrading_Ilan
Sponsor
Have a great trading day! See levels below!
) - so far.
CannonTrading_Ilan
Sponsor
Thanks @SunTrader for the idea, I will play with it when I come back from small vacation. In between my staff will keep posting the numbers and hope they help!
You're the Vice President. You don't get to take a vacation, that is why they pay you the big bucks. SLACKER! McIlanfly.
CannonTrading_Ilan
Sponsor
Happy Trading! See levels below!
CannonTrading_Ilan
Sponsor
Happy Tuesday Trading! See levels below!
CannonTrading_Ilan
Sponsor
Happy Wednesday Trading Traders! See levels below!
