Crude Oil Futures Go Negative & Futures Trading Levels 4.21.2020 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Crude Oil Futures Go Negative & Futures Trading Levels 4.21.2020


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Dear Traders,
These markets are EXTREMELY tough…even for experienced traders.
Did you ever think you will see crude oil trading at NEGATIVE prices?
What about limit moves which took place in more than a few markets? did you get stuck?
We don’t have a crystal ball, but we do have expert insights and over 30 years of experience assisting our clients using different approaches, options, spreads, combinations and more.
Sometimes just a second pair of eyes or voice o reason can make a big difference.
Our team of brokers are all series 3, most with over 10 years experience and can assist you in different ways.
Whether you an experienced trader who needs a second opinion or never traded futures before, a licensed Cannon Trading broker is ready to help.
Daily chart of MAY crude Oil which is going into delivery tomorrow above…..Never say never in the business of trading…..I never thought I would see a commodity traded at negative value?!!

Good Trading

Trading Futures, Options on Futures, Gold 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


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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.

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