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Category: Commodity Trading

Investment is a game of money of securing future money by taking a risk today. Trading therefore comes with a list of rules to play by. Commodity trading in particular offers tremendous potential for becoming a completely different asset class.

However, before investing in any kind of commodity, you must do an in depth research and also ask your broker as many questions as possible. Through this category archive we provide you as much information and valuable insights into the world of commodity trading.

We at Cannon Trading are here to help you with your commodity trading needs. You as a trader should select your commodity trading advisor only after performing a due diligence on him/her. We in fact do that for you. This way, you get only the best advice to help you with your commodity trading.

We’ve got the information that you might need at every step of commodity trading, and you’ll find it all right here in the commodity trading section of our blog. Read up, and read on to get equipped!

Will the Mini S&P 500 See a Meaningful Bounce? | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

From a technical perspective, Dec. Mini Sp must hold above 1130.00 to have a chance of a meaningful bounce, a break below that level and we should test 1071.25 which is the equivalent for the Sept. lows of 1077.

Have a great weekend and be ready for a full, volatile trading week coming up.

Dec. mini SP continuous chart for your review below: Continue reading “Will the Mini S&P 500 See a Meaningful Bounce? | Support and Resistance Levels”

NYMEX Energy Futures Margin Requirements Changes – Heating Oil Futures and RBOB Gasoline Futures

Posted on by Ilan

Please be aware of margin requirement changes for selected energy futures contracts starting after the close of business on Monday, September 12, 2011. Below we provided a few selected contract changes.

NYMEX Heating Oil Futures Margin Requirement Changes

CC Rate Type Description Change ISO Current Initial Current Maintenance New Initial New Maintenance
HO Spec Tier 1 Decr. USD 9,788 7,250 8.775 6,500
HO Hedge/Member Tier 1 Decr. USD 7,250 7,250 6,500 6,500
HO Spec Tier 2 Decr. USD 9.788 7,250 8,775 6,500
HO Hedge/Member Tier 2 Decr. USD 7.250 7,250 6,500 6,500
HO Spec Tier 3 Decr. USD 9,788 7,250 8,775 6,500
HO Hedge/Member Tier 3 Decr. USD 7,250 7,250 6,500 6,500
HO Spec Tier 4 Decr. USD 9,450 7,000 8,438 6,250
HO Hedge/Member Tier 4 Decr. USD 7,000 7,000 6,250 6,250

 

NYMEX RBOB Gasoline Futures Margin Requirement Changes

CC Rate Type Description Change ISO Current Initial Current Maintenance New Initial New Maintenance
RT Spec Tier 1 Decr. USD 11,475 8,500 10,463 7,750
RT Hedge/Member Tier 1 Decr. USD 8,500 8,500 7,750 7,750
RT Spec Tier 2 Decr. USD 11,475 8,500 10,463 7,750
RT Hedge/Member Tier 2 Decr. USD 8,500 8,500 7,750 7,750
RT Spec Tier 3 Decr. USD 11,138 8,500 10,125 7,750
RT Hedge/Member Tier 3 Decr. USD 8,250 8,500 7,500 7,750
RT Spec Tier 4 Decr. USD 10,125 7,500 9,113 6,750
RT Hedge/Member Tier 4 Decr. USD 7,500 7,500 6,750 6,750

You can view the rest of the NYMEX energy futures margin requirements changes here: http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-317.pdf

Futures Trading Levels, Crude Oil as a Leader of Commodity Prices

Posted on by Ilan

Cannon Trading / E-Futures.com

Crude Oil has been moving the rest of the commodities sector the last few months and has influence on all futures.

Thought I would share a daily chart for review, along with a screen shot of the crude oil set ups I share in my daily live day-trade signals service.

As far as longer term direction for crude, I will need to see which level we can break out first, 104.91 on the upside or 94.54 on the downside. In between, you have wide 410 trading range ( equal to $10,000 per one contract against you or in your favor….)

Daily mini S&P trading chart screenshot from today June 6th, 2011

Stock futures trading chart levels for Monday June 6th, 2011

Intra-day trading chart screenshot from today June 6th, 2011

Intra-day chart: (blue diamond = potential buy, red diamond = potential sell)

Stock futures trading chart levels for Monday June 6th, 2011 Continue reading “Futures Trading Levels, Crude Oil as a Leader of Commodity Prices”

Futures Trading Levels, Types of Trading Days

Posted on by Ilan

Cannon Trading / E-Futures.com

The following is taken from a guide I have written that helps subscribers to my daily chart service. You can have a 2 week free trial to the daily live charts service along with buy/sell triggers and get the full guide along with chart examples, rules and much more by signing up at:

Cannon Trading Inc. Day Trading Webinar

General Notes:
At any given day, one must understand the trading environment that specific day has to offer and adjust their trading style accordingly. In our case it relates more to the size of stops and target based on volatility. Some days the market gives us many opportunities; some not as much; and some days it provides us with mostly risks…….take what the market gives you and not what you want it to give…..

I think if a trader understands early enough what type of trading day it is, he or she can choose which tools from the webinar are most suited for that days trading. If one can do that successfully (which is not easy), I think that is half the battle.

Not taking a trade is better than a bad trade.

My opinion is that there are 3 main types of trading days.

  1. Most common is two sided trading action with swings up and down – this type of trading day is most suitable for the main aspect of this model, which is taking trades based on the arrows.
  2. Strong trending day, mostly one directional – this type of trading day is the least common, many times this will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using the color scheme I have on the charts. Green bars mean strong up trend, red bars mean strong down trend. If you determined that this is a trend day, then use pull backs to enter with the direction of trend and use the parabolic (little dashes) as you trailing stop.
  3. Slow and/ or choppy trading day – this type of trading day is best suited for taking small profits from the market by either using the main model or taking the diamonds as entry signal, and going for quick profits and tight stops.

Continue reading “Futures Trading Levels, Types of Trading Days”

Futures Trading Levels, Crude Oil Leading Commodity Markets

Posted on by Ilan

Cannon Trading / E-Futures.com

With the Mid East situation, Crude Oil has been the leader of the commodities markets affecting movements in markets like metals, stock indices and more.

Daily chart of Crude oil for your review below along with a small picture that expresses what one can expect of tomorrow’s unemployment report better than I can…..
Either way, higher volatility, wider ranges = trader must asses their daily risk settings, their stops/ targets per trade, trading size etc.

Daily E-Mini S&P 500 Futures Trading Chart

Stock futures trading chart levels Friday March 4th 2011
Continue reading “Futures Trading Levels, Crude Oil Leading Commodity Markets”

Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010

Posted on by Ilan

Stocks finished pretty much unchanged today, which brings me to another point….

There ARE OTHER MARKETS one can day-trade….Most day-traders focus on the Mini SP 500 and it’s relatives:
Mini Nasdaq, Mini Dow, Mini Russell etc. because of volume, familiarity, trading hours etc.

However, markets like bonds, Euro Currency, Crude oil, beans, corn to name a few do offer day trading opportunities and risks. Different market have different personalities which may fit different traders. Different markets also have different trading hours when volatility is present, different volatility at different times and other

characteristics which traders may want to explore. During the day-trading charts service I hold daily, I feature the mini SP 500 chart along with Euro currency and Crude oil and possible trade set ups.

As always I recommend using demo account when exploring trading in market you normally don’t trade, as well as performing some research regarding tick size, price behavior and more.

FREE Trial for the Day-Trading Charts Service:
*************************************************************
https://www.cannontrading.com/tools/intraday-futures-trading-signals
************************************************************* Continue reading “Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010”

Futures and Commodity Trading Levels for October 26th, 2010

Posted on by Ilan

Weekly chart of the mini Russell 2000 for your review below.

SP-500-Day-Trading-2010-10-26

Continue reading “Futures and Commodity Trading Levels for October 26th, 2010”

Daily Support & Resistance and Economic Data to be Released, October 21th 2010

Posted on by Ilan

 

 

 

Daily Support & Résistance Levels Mini-S&P 500 Futures
Dec. 10		 Mini-Nasdaq 100 Futures
Dec. 10		 Mini-Dow Futures
Dec. 10		 Mini Russell 2000 Futures
Dec.10		 30-year US Bond Futures
Dec. 10		 10-Year US Note
Futures Dec. 10
Support 3 1166.00 2071.00 10964 695.30 13119 12602
Support 2 1172.25 2082.00 11028 699.90 13204 12616
Support 1 1176.00 2090.00 11064 702.50 13213 12621
Resistance 1 1182.25 2102.00 11132 707.30 13230 12707.5
Resistance 2 1188.25 2118.00 11154 711.70 13303 12714
Resistance 3 1196.75 2133.00 11213 719.70zb 13320 12722
Daily Support & Resistance Levels
 Gold Futures
Dec.2010		 Silver Futures
Dec. 2010		 Copper Futures
Dec. 2010		 Crude Oil Futures
Nov. 2010		 Euro Curr.
Dec. 2010		 Dollar Index
Dec. 2010
Support 3 1297.0 23.27 3.766 79.90 1.3867 76.33
Support 2 1319.0 23.57 3.793 80.97 1.3909 76.75
Support 1 1328.0 23.76 3.810 81.63 1.3956 77.21
Resistance 1 1343.0 23.91 3.836 82.49 1.4042 77.65
Resistance 2 1351.0 24.11 3.868 83.10 1.4100 77.84
Resistance 3 1358.0 24.31 3.880 85.10 1.4156 78.02

Updated: 21-Oct-10 08:30 ET

This Week’s Calendar

Click on a “Release” for Insight

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Oct 21 08:30 Initial Claims 10/16 452K 450K 455K 475K 462K
Oct 21 08:30 Continuing Claims 10/09 94441K 4450K 4400K 4450K 4399K
Oct 21 08:30 Leading Indicators Sep NA 0.3% 0.3% 0.3%
Oct 21 08:30 Philadelphia Fed Oct NA 1.5 1.4 -0.7

Continue reading “Daily Support & Resistance and Economic Data to be Released, October 21th 2010”

Free Day Trading Webinar Trial, October 18th 2010

Posted on by Ilan

Have a great weekend!! take time to clear your “trading brain” and allow it to recharge.

Screen shot from today’s session during our “live charts” service where one can see real-time trade set ups like below
(blue diamonds = possible buy, red diamonds = possible sell)

Charts included in this service are: Mini SP 500, Euro Currency and Crude oil.

For a Free Day Trading Webinar Trial Please Visit:
**************************************************************
https://www.cannontrading.com/tools/intraday-futures-trading-signals
**************************************************************

Continue reading “Free Day Trading Webinar Trial, October 18th 2010”

Futures & Commodity Trading Levels and Charts for October 15th 2010

Posted on by Ilan

Screen shot from today’s session during our “live charts” service where one can see realtime trade set ups below.

For a free trial please visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Futures & Commodity Trading Levels and Charts for October 15th 2010”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.