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.
Cannon Trading / E-Futures.com
Daily chart of SP500 (pit session) for your review below along with some support/ resistance levels.
My speculation is that we will visit 1313 sometime tomorrow, perhaps after a failure at 1335??…. Continue reading “Crude Oil Inventories Report Scheduled for Tomorrow”
Cannon Trading / E-Futures.com
Volatile action continue in the crude oil market, definitely not a market for traders with weak stomachs or those who don’t have “deep pockets”. High volatility.
Daily chart of May Crude below with possibility of market pulling back to 103.39 if selling resumes overnight – however this being said, the crude market is currently affected mostly by Mideast/Gaddafi news….. Continue reading “Futures Trading Levels, Volatile Oil Market is Most Affected by Libian News”
Cannon Trading / E-Futures.com
Below you will see two different tables for Crude Oil since we are now executing the system for more than a few clients, using two different trading engines with two different clearing house. Since the system is only executed “semi Automatically” you will see some differences in the results. This is simply part of REAL LIVE, REAL TIME TRADING versus hypothetical trading. In hypothetical trading and/or back testing, computers assume perfect conditions, getting filled on all limit orders etc.
in REAL LIVE trading, there are times when you limit gets hit but you don’t get filled, there is room for human or machine errors etc.
NET RESULTS AFTER COMMISSIONS BELOW:
Group A:
Group B:
* Past performance is not indicative of future results.
About NZL Crude Oil Day-Trading system:
The computerized trading system, “NZL-Crude Oil Day Trading” is based on a mathematical algorithm that tries to identify exhaustion in either selling or buying along with a possible short term trend reversal. This system trades the Crude Oil future contract only. The system uses volume charts to determine entry and exit ( rather than the more familiar time charts). The algorithm takes into consideration volume, momentum and speed of market in an attempt to recognize situation where “fear and greed” are at extremes. It is followed by measuring possible targets for profits along with stops. This specific system takes the approach that statistically the percent of winning trades is larger than losing trades but in return it uses larger stops than targets.
We recommend $7500 of risk capital per 1 contract traded
Futures and options trading is risky and not suitable for everyone. There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products.
Past performance is not indicative of future results. Continue reading “Futures Trading Levels, Crude Oil Performance”
Cannon Trading / E-Futures.com
Thin week ahead as far as economic reports but I am sure the geopolitical situation will make up for it.
As far as day-trading is concerned, I like seeing volatility in stock index futures rising a bit.
Have a good, relaxing weekend and feel free to come and view my day-trading charts, live with real time buy and sell set ups for mini SP500, Crude Oil futures and Euro Currency by signing up for a free trial at:
https://www.cannontrading.com/tools/intraday-futures-trading-signals
When you join me, you will see charts like the screen shots from todays session below:
Continue reading “Futures Trading Levels, E-Mini SP500 and Crude Oil Charts”
Cannon Trading / E-Futures.com
Wishing you all a great weekend. Amazing how fast short February went by and Monday will be the last trading day of the month.
I expect the higher volatility we have seen over the last few days to stay with us for a while….so as mentioned before be aware of it, adjust your trading parameters accordingly and stay disciplined!
Below you will see a screen shot from the crude oil futures chart I share intraday. We also execute this crude day-trading system in-house as an “auto traded ” trading system with letter of direction.
The day-trading system is up slightly more than $1,000 NET per contract traded since we launched live trading on Jan. 28th 2011.*
*These are risky markets and only risk capital should be used.
Past performances are not necessarily indicative of future results.
If you are interested in more information, would like to see detailed LIVE results, please send me an email or speak with your broker.
Continue reading “Futures Trading Levels Feb 28th and Crude Oil Futures Chart”
Join us for a Webinar on January 5th
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/834358098
This Wednesday, January 5th , Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, will hold a live educational day trading webinar starting at 8:15 AM central time.
During the webinar, Ilan will:
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.
Title: Live Day-Trading webinar with real time mini SP, Crude Oil and Euro Currency set ups
Date: Wednesday, January 5, 2011
Time: 6:15 AM – 10:00 AM PST
After registering you will receive a confirmation email containing information about joining the Webinar.
System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server Continue reading “Live Day-Trading Webinar with Real Time Mini SP, Crude Oil and Euro Currency Set-Ups, January 4, 2011”