5 Fact about Brent Crude 5.4.018

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Dear Traders,
5 Facts about Brent Crude 
By Senior Broker, Mark O’ Brien

Brent crude is a primary classification of crude oil used as a reference price for trading crude oil around the world. It is also known as London Brent and Brent Blend.

It was first extracted in 1976 from a small area in the North Sea called the Brent field by Shell U.K. Limited (now Royal Dutch Shell), which made it a practice of naming oil fields after water birds.  For this particular area, the name comes from a small water bird called the Brent goose.

While the Brent field is now no longer economically viable, Brent crude is now comprised of oil extracted from fifteen later-developed oil fields located throughout the North Sea, an area of roughly 220,000 square miles.  This area comprises by far the largest oil reserves in western Europe – land or sea.

Read more at

http://www.stockhouse.com/opinion/independent-reports/2018/05/01/5-facts-about-brent-crude#aPaDiqdofoX4VG2J.99

Good Trading!

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Futures Trading Levels

5-4-2018 

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2692.58 6840.67 24540 1588.43 10421.08
Resistance 2 2664.42 6756.08 24240 1572.97 10072.48
Resistance 1 2647.58 6707.17 24067 1562.03 9858.25
Pivot 2619.42 6622.58 23767 1546.57 9509.65
Support 1 2602.58 6573.67 23594 1535.63 9295.42
Support 2 2574.42 6489.08 23294 1520.17 8946.82
Support 3 2557.58 6440.17 23121 1509.23 8732.59
Contract June Gold #GC_F May Silver #SI-F June Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1332.9 16.82 70.37 144 13/32 1.2112
Resistance 2 1325.9 16.72 69.49 144  5/32 1.2078
Resistance 1 1319.1 16.59 68.98 143 27/32 1.2051
Pivot 1312.1 16.49 68.10 143 19/32 1.2018
Support 1 1305.3 16.35 67.59 143  9/32 1.1991
Support 2 1298.3 16.25 66.71 143  1/32 1.1957
Support 3 1291.5 16.12 66.20 142 23/32 1.1930
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F May Nat Gas #NG_F
Resistance 3 414.4 560.4 1082.67 407.40 2.84
Resistance 2 411.3 549.3 1069.08 404.40 2.81
Resistance 1 409.7 543.7 1061.17 401.50 2.77
Pivot 406.6 532.6 1047.58 398.50 2.74
Support 1 404.9 526.9 1039.7 395.6 2.7
Support 2 401.8 515.8 1026.08 392.60 2.66
Support 3 400.2 510.2 1018.17 389.70 2.62

                                         Economic ReportsSource: http://forexfactory.com

Date 4:12pm Currency Impact Detail Actual Forecast Previous Graph
FriMay 4  2:45am EUR
French Gov Budget Balance
-28.5B
EUR
French Trade Balance
-4.9B -5.2B
3:00am EUR
Spanish Unemployment Change
-100.2K -47.7K
3:15am EUR
Spanish Services PMI
56.1 56.2
3:45am EUR
Italian Services PMI
53.0 52.6
3:50am EUR
French Final Services PMI
57.4 57.4
3:55am EUR
German Final Services PMI
54.1 54.1
4:00am EUR
Final Services PMI
55.0 55.0
5:00am EUR
Retail Sales m/m
0.5% 0.1%
8:30am USD
Average Hourly Earnings m/m
0.2% 0.3%
USD
Non-Farm Employment Change
189K 103K
USD
Unemployment Rate
4.0% 4.1%
9:00am EUR
German Buba President Weidmann Speaks
12:00pm USD
FOMC Member Dudley Speaks
3:00pm USD
FOMC Member Williams Speaks
5:30pm USD
FOMC Member Quarles Speaks
8:00pm USD
FOMC Member Bostic Speaks

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 here in 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 judgement in trading.

Tags: > > Posted in: Crude Oil   | Future Trading News  

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