Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017

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Dear Traders,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018. 

Saudi Arabia: Turbulence on the Horizon?

  • 21 Nov 2017
  • By Erik Norland
  • Topics: Economic Events

There is considerable change underway in Saudi Arabia, from how the country is governed and managed to an even more activist role in the politics of the volatile Middle East. Options markets, however, appear to be almost entirely unconcerned about recent developments in the country, the world’s largest exporter of crude oil and a key U.S. ally in the Middle East.

At-the-money implied volatility on West Texas Intermediate (WTI) Crude Oil options has been trading near its lowest point since late 2014 and is well below its long-term average.  For example, on November 17, 90-day WTI options closed at 23% implied volatility, well below their 31% average so far this decade (Figure 1).  Are markets too complacent in the face of potential political disruption in Saudi Arabia and its neighboring countries. READ THE REST

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The future of bitcoin is bitcoin futures + Futures Trading levels for 11.29.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018.

A good article about the future of Bitcoin for your reading pleasure!

The future of bitcoin is Bitcoin futures!

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The Future of Bitcoin is Bitcoin Futures

Commodity trading has become a “niche area in the finance world that…has been gaining more interest among individuals who are seeking alternative trading instruments from the usual stocks and bonds,” says Timothy Ho, economics/finance professional.

Commodities categories include precious metals, oil and gas, and soft commodities (cocoa beans, coffee, sugar, wheat, etc.). Some commodities are considered “the fifth asset class,” and they can include cash, equities, and property.

A futures contract settlement will occur in the future but traded today.  There are also spot contracts that settle immediately called “spot contracts.” Most investors work with a commodities futures broker, someone who understands your financial portfolio goals and can place trades for you for a relatively small fee on futures contracts for your account

Some of the risks of futures trading include:

  1. Exchange rates
  2. Geo political events
  3. Supply and demand
  4. Weather
  5. Leverage and technicals
  6. Price fluctuations

What are Bitcoins?

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The Risk Book + Futures Trading Levels for 11.28.2017

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Dear Traders,

A good visual PDF for anyone who trades commodities and futures but even more so for those who are looking to hedge different risks. If you are exposed to currency risks, you are a farmer, perhaps an importer of goods like Cocoa and Coffee or maybe an Oil producer /importer – read the PDF and feel free to call us here at Cannon and discuss your hedging needs at any time!

The Book Of Risk

+1 310 859 9572

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Thanksgiving Holiday Schedule & Support & Resistance Levels 11.22.2017

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Dear Traders,

Happy Thanksgiving holiday to everyone, please make sure you are fully aware of the different trading hours, as the markets will be open “off and on” over Thursday and Friday. Wednesday is normal trading day across all markets. Call us at +1 310 859 9572 with any questions. All times below are central time.

 Thanksgiving Holiday Schedule

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Metals report + Futures Trading levels for 11.17.2017

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Dear Traders,

Monthly Metals Update
 October
  • Both Gold and Silver futures saw upward movement in October with ADV increasing by 67% and 31% YoY, respectively.
  • Copper options market continued to grow with open interest reaching a 2017 high of 16,415 lots on October 25.
  • Base Metals overall saw October ADV increase by 54% YoY.

BitCoin Futures, What you need to know…. 11-15-2017

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Dear Traders,

More BitCoin futures information from the CME Group….

Contract Specifications

Contract Unit
5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
Minimum Price Fluctuation
Outright: $5.00 per bitcoin = $25.00 per contract
Calendar Spread and Basis Trade at Index Close (BTIC): $1.00 per bitcoin = $5.00 per contract
Trading Hours
CME Globex and CME ClearPort: 5:00 p.m. – 4:00 p.m. CT Sunday – Friday
BTIC: 5:00 p.m. – 10:00 a.m. or 11:00 a.m. CT (4:00 p.m. London Time) Sunday – Friday
Product Code
Outright: BTC
BTIC: BTB
Listing Cycle
Nearest 2 months in the March Quarterly cycle (Mar, Jun, Sep, Dec) plus the nearest 2 “serial” months not in the March Quarterly cycle.
Contract months for initial listing: Dec 2017, Jan 2018, Feb 2018, Mar 2018.
Termination of Trading
Last Day of Trading is the last Friday of contract month.
Trading in expiring futures terminates at 4:00 p.m. London time on Last Day of Trading.
Position Limits
Spot Position Limits are set at 1,000 contracts. A position accountability level of 5,000 contracts will be applied to positions in single months outside the spot month and in all months combined.  The reportable level will be 25 contracts.
Block Minimum
5 contracts
Price Limits
Price limits for a given Business Day are made by reference to the most recent Bitcoin Futures settlement price, settled at 4:00 p.m. London time each Business Day.
Special price fluctuation limits equal to 7% above and below prior settlement price and 13% above and below prior settlement price and a price limit of 20% above or below the previous settlement price. Trading will not be permitted outside the 20% above and below prior settlement price.
Settlement
Cash settled by reference to Final Settlement Price, equal to the CME CF Bitcoin Reference Rate (BRR) on Last Day of Trading.

Subject to all requisite approvals and filings

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BitCoin Index Chart + Futures Trading levels for 11.14.2017

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Dear Traders,

The hot market for today is definitely Bitcoin. While we don’t have a future contract YET to trade, it is close and the CME does have the “underlying asset” which will be the Bitcoin Index ( more information will come out soon).

Chart of this index along with some of my indicators for your review below.

BRTI - Bitcoin Real Time Index Daily Chart

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