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Category: Crude Oil

A naturally found substance, crude oil is also one of the most traded commodities. It is crude oil that is further refined so as to make petroleum products. Just like with every other commodity, crude oil too has its specific ticker symbol, contract value and margin.

The margin is variable as it keeps changing as per the volatility in the market as well as according to the current value of the contract. If you are interested in crude oil trading or are already trading in this commodity, it is important for you to know that over the past 50 years the price of this commodity has been denominated in U.S. Dollars.

At Cannon Trading we help you trade crude oil at some of the best day trading margin rates. Our brokers will do their best to keep you aware of the market happenings to help you exercise call and put options carefully. In order to get more information on crude oil and commodities, read this category archive blog. Please feel free to share this information.

Micro Crude Oil + Trading August 9th Futures Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Crude Oil Trading Updates, Opportunities and Risks:

By John Thorpe, Senior Broker
Have you had an opportunity to trade the financially settled Micro WTI Crude oil contract? I have and this contract is just what the doctor ordered. When you are faced with the high price and volatility we have seen over the past few years you won’t have to make a decision to either be out or be in the WTI Crude oil contract where we have seen $10,000.00 daily price swings.
With the Micro, which is one tenth the size of the 1000 barrel WTI Crude contract or 100 barrels only, each dollar move per contract in the price of Crude oil is $100.00 rather than $1000.00. What this allows you to do is adjust the amount of leverage you want and not expose yourself to the volatility of the larger CL contract.
The symbol is MCL U22 for the current September contract.
According to the CMEGroup, 33,000 unique traders have come to the CME to trade this contract since it was listed a year ago. The CME Group declares traders from over 145 countries trade the Micro crude oil contract and traders from over 33 countries have traded the new Options contracts on the Micro Crude contract.
Transaction Costs are inexpensive for this contract as exchange fees are .50 per contract.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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 when it comes to Futures Trading.

Futures Trading Levels

08-08-2022

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

Weekly Newsletter 1108: Trading Crude Oil Volatility & Futures Support Resistance Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1108

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
Would you like to contact Ilan or any of our brokers for more feedback? We are happy to help!
05195997 2ca5 4fd9 925b 762c6863d343
Are you using Sierra charts and looking to implement their Teton order routing?
If so, look no further, Cannon can assist you in getting set up!
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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 when it comes to Futures Trading.

Futures Trading Levels

08-01-2022

Futures Trading Support Resistance Levels 8.01.2022

Weekly Levels

Weekly Support Resistance Levels

 

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates
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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

FOMC Tomorrow + Futures Trading Levels for 7.27.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

FOMC Tomorrow – Fed decision

Big day tomorrow! More than a few reports including crude oil numbers and most important, FOMC – Fed decision.
Looks like the FED will raise rates between 50-75 basis points. currently 75% for 0.75 hike)
The exact figure?
How many fed governors voted? language? future projections?
All these factors will be KEY.
The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3725.00 with a stop at 3719.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3719.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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 when it comes to Futures Trading.

Futures Trading Levels

07-27-2022

Futures Trading Levels Support + Resistance 7.27.2022

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

986b504a 4b54 44ff b868 fadca2fcc28e

 

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.

Weekly Newsletter 1107: An Introduction to Crude Oil + Futures Levels for the Trading Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1107

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

Trading 101: Free Course – An Introduction to Crude Oil

Today’s energy crude oil market is truly global. From West Texas Intermediate (WTI) to Brent and DME Oman, the crude oil market fuels many of the world’s leading economies and impact nearly every nation. Energy crude oil futures and options provide the tools the industry needs to manage risk. Explore the key concepts and structure of today’s energy markets, including the factors that affect supply and demand and move prices. Learn how to use these instruments to hedge exposure and unlock opportunities.
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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 when it comes to Futures Trading.

Futures Trading Levels

07-25-2022

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Weekly Levels

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Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates
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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

Trading Crude Oil Futures + Futures Trading Levels for July 14th 2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Are Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

by Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

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 when it comes to Futures Trading.

Futures Trading Levels

07-14-2022

 

Futures Trading Levels, Support & Resistance

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

This weeks potential Market Movers + Futures Trading Levels for July 12th 2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

This weeks potential Market Movers

by John Thorpe, Senior Broker
Happy Monday all! I hope everyone had a safe and memorable 4th of July week. We are back to a full trading week. Here are a few of the report highlights traders should pay attention to beginning on Wednesday. A rather light first two trading days with only two FRB board members speaking. John Williams today at 1 pm CDT and Thomas Barkin on Tuesday at 11:30 am CDT on Friday we have Raphael Bostic, 7:45 am CDT.
Recession talk should be the feature as the market will be paying attention to any mention of going off the current script which has been “watching the data points, “we have the tools” to determine policy”. Speaking of data points Wednesday will include the market volatility energizer : CPI report, The CPI published by the Bureau of Labor Statistics will be early and pre cash market open for the equities. @7:30 am CDT. Consensus for the CPI is an 8.8 % inflation rate as measured by consumer prices with a 1.1% increase from the May reading( this is the June CPI reading) Two additional data points the FRB is interested in are released Thursday morning simultaneously @7:30 am CDT, Jobless claims and Producer Price Index (PPI) Weekly unemployment claims are expected to roll in around 234,000 , slightly above the moving average of 232,500 weekly claims and the PPI expectation is an increase of .8% m/m, with an annual increased rate of 10.4 % When we get to Friday the market will need to digest Retail Sales at 7:30 am CDT and Industrial production 45 Minutes later at 8:15 am CDT The energy markets will almost always be impacted by the schedule of economic report and also have their own , industry specific reports. Wednesday @ 8:30 am CDT the EIA Petroleum status report Highlights weekly changes in supply and demand for crude and it’s cracked products while on Thursday at 8:30 am CDT the EIA Nat Gas report will reveal the supply and demand nature of the Natural Gas sector of the energy market.
CannonTrading has a registered professional staff to talk about any and all of these reports and the potential impact on your positions in your account. If you are new to Cannontrading, please use us a your first stop resource for order management, risk management as well as fundamental and technical viewpoints. Good trading! plan your trade and trade your plan.

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 when it comes to Futures Trading.

Futures Trading Levels

07-12-2022

 

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

ba0d75b8 7040 4f02 8cd8 fcfdcf0d3816

 

 

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.

OPEC Meeting Tomorrow + Futures Trading Levels 6.29.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

What You Need to Know Before Trading June 29th:

OPEC meeting tomorrow as well as crude oil numbers.
Fed’s Powell to speak.
July grains and metals are entering delivery period. Time to trade September silver, copper, wheat, corn etc.

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 when it comes to Futures Trading.

Futures Trading Levels

06-29-2022

Futures Support + Resistance Levels 6.28.2022

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

b2bbe060 e750 48d5 bca7 34468da9a9ef

 

 

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.

Weekly Newsletter 1101: Trading Crude Oil Volatility & Trading Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1101

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

Rollover Notice for U.S. Stock Index and Currency Futures

Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
Would you like to contact Ilan or any of our brokers for more feedback? We are happy to help!
05195997 2ca5 4fd9 925b 762c6863d343
Are you using Sierra charts and looking to implement their Teton order routing?
If so, look no further, Cannon can assist you in getting set up!
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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 when it comes to Futures Trading.

Futures Trading Levels

06-13-2022

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Weekly Levels

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Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates
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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

SPR Explained & Cattle Outlook & Support and Resistance Levels for 4.05.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Let’s Talk SPR

by John Thorpe, Senior Broker
Where is the SPR and how much Sweet Crude do we have? Energy futures contracts have taken our breath away and our bank accounts over the past month. Volatility is directly correlated to levels of uncertainty. A more certain supply and demand futures tend to reduce Volatility greatly. Higher price volatility has historically been linked to greater supply and demand instability. The Crude oil futures market has seen extraordinary volatility over the last month and for a variety of reasons. One recent reason for the downdraft in Crude oil futures prices has been the proclamation from the Biden administration that oil will be released from the SPR (Strategic Petroleum Reserve). I have read a number of articles from a number of well respected national news outlets and they all provide a little different information about the size of the reserves and the amount of the limits to daily withdrawals.. You too may have come across some of the confusion. The U.S. Office of Fossil Energy and Carbon Management is our entity in charge of the SPR, a branch of the U.S. Department of Energy and they are responsible for the 4 underground storage locations and recordkeeping. Crude oil traders keeping score some of the rules of the game of the SPR should know, there are limits to daily withdrawals and the holdings are actually quite a mix of sweet crude and sour, all with different industrial uses.
Drawdown Capability
  • Maximum nominal drawdown capability – 4.4 million barrels per day
  • Time for oil to enter U.S. market – 13 days from Presidential decision

Moving Markets

June Live Cattle started a move down but met buying support at 133.875.
Bearish technical signal on the daily chart.
Can the market break support?
Click chart for LARGER IMAGE
Daily Live Cattle Futures Chart
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Sierra Charts, Teton Order Routing
Contact us for a demo and/ or more information here!

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 when it comes to Futures Trading.

Futures Trading Levels

04-05-2022

Futures Support and Resistance Levels 4.05.2022

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

http://BetterTrader.Co

838927dd 0804 4aff b710 11f56bd640c4

 

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.

Weekly Newsletter #1089 Trading Crude Oil Volatility & Support and Resistance Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1089

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
Would you like to contact Ilan or any of our brokers for more feedback? We are happy to help!
Sierra Charts, Teton Order Routing

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!
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 when it comes to Futures Trading.

 

Futures Trading Levels

03-14-2022

Futures Support and Resistance Levels 3.14.2022

 

Weekly Levels

Weekly Support and Resistance Levels 3.11.2022

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

fe4d4349 96a3 440e abaf 9edc50e0fab9

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

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.