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Crude Oil Futures Chart & Futures/Commodities Levels 5.07.2014

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday May 7, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 Below is a screen shot of the Crude Oil chart from the last few trading sessions. I use 18 ticks range bar chart. This model does well when the market has two sided volatility and action like in the chart below but tend to get chopped when there is a strong trend.

 

 

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above

and be able to apply for any market and any time frame on your own PC ?   You can now have a three weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts OR CQG Q trader.

 

 

 

To start your trial, please send me an email with the following information:

 

 

1. Are you currently trading futures?

2. Charting software you use?

3. If you use sierra or ATcharts, please let me know the user name so I can enable you

4. Markets you currently trading?

 

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.  NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.  IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. 

 

 

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.  IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.  FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.  THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS

 

 

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Contract June 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1895.83 3643.08 16604 1138.60 79.92
Resistance 2 1888.67 3623.42 16547 1131.40 79.74
Resistance 1 1876.08 3587.83 16448 1118.50 79.44
Pivot 1868.92 3568.17 16391 1111.30 79.27
Support 1 1856.33 3532.58 16292 1098.40 78.97
Support 2 1849.17 3512.92 16235 1091.20 78.79
Support 3 1836.58 3477.33 16136 1078.30 78.49
Contract June Gold July Silver June Crude Oil June Bonds  June Euro
Resistance 3 1323.3 1990.5 101.32 136 25/32 1.4042
Resistance 2 1318.8 1981.0 100.87 136 17/32 1.3996
Resistance 1 1313.4 1969.5 100.22 136  9/32 1.3963
Pivot 1308.9 1960.0 99.77 136  1/32 1.3917
Support 1 1303.5 1948.5 99.12 135 25/32 1.3884
Support 2 1299.0 1939.0 98.67 135 17/32 1.3838
Support 3 1293.6 1927.5 98.02 135  9/32 1.3805
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 538.0 739.7 1480.33 490.33 41.52
Resistance 2 528.0 739.3 1470.17 485.17 41.44
Resistance 1 522.8 739.2 1464.83 481.33 41.27
Pivot 512.8 738.8 1454.67 476.17 41.19
Support 1 507.5 738.7 1449.3 472.3 41.0
Support 2 497.5 738.3 1439.17 467.17 40.94
Support 3 492.3 738.2 1433.83 463.33 40.77
5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:19pm Currency Impact Detail Actual Forecast Previous Graph
WedMay 7 2:00am EUR German Factory Orders m/m 0.3% 0.6%
2:45am EUR French Industrial Production m/m 0.3% 0.1%
EUR French Trade Balance -4.0B -3.4B
4:10am EUR Retail PMI 49.2
8:30am USD Prelim Nonfarm Productivity q/q -0.9% 1.8%
USD Prelim Unit Labor Costs q/q 2.3% -0.1%
10:00am USD Fed Chair Yellen Testifies
10:30am USD Crude Oil Inventories 0.9M 1.7M
1:01pm USD 10-y Bond Auction 2.72|2.8
3:00pm USD Consumer Credit m/m 15.4B 16.5B

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 judgment in trading.

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

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