Crude Inventories


OPEC Meeting cause for Higher Volatility in the Futures Markets, Crude Oil Chart Review & Support and Resistance Levels 12.03.2021

December 2nd, 2021 Filed under Future Trading News, futures trading education | Comment (0)

Dear Futures Trader,

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OPEC meeting today took crude oil and products into even higher volatility.

In my opinion, many markets took que from crude oil price movement, especially stock index futures.
While this may be a temporary situation, you may want to watch crude oil prices even if you are trading only the mini SP or even grains for that matter….
Crude oil daily chart for your viewing pleasure….
DON’T FORGET we have monthly unemployment numbers tomorrow…NFP, non farm payroll.

Daily Crud Oil Chart 12.02.2021

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

12-03-2021

Futures Support and Resistance Levels 12.03.2021


Economic Reports, source: 

https://bettertrader.co/ 

 

 

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.


Crude Oil Futures Market Review and Daily Chart Analysis & Support and Resistance Levels 11.18.2021

November 17th, 2021 Filed under Crude Oil, Energy Futures, Future Trading News | Comment (0)

Dear Futures Trader,

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Crude Oil Futures Market Review and Daily Chart Analysis

Looking at both price and time FIB analysis, on the daily crude oil chart below (click here for LARGE IMAGE) I am showing a potential for crude oil to find support and have a short term reversal to the upside. I wont fight the short term trend and will look for a buy signal using 30 minute chart before I jump in front of this downward train…
What do I mean by that?
Daily chart still showing a good strength on the LONGER term scale ( see both Elliott Wave counts and trend strength). Short term we can see the strong sell of the highs made towards the end of October.
I ran both a Fibonacci retracement on prices from lows to high, as well as Fibonacci TIME retracement from the time of lows to highs to see the next TIMING window to look at.
We are getting close to a match on both time and price ( concept I was made aware of by Carolyn Boroden Strategies for Intraday Trading Fibonacci Retracements | Fibonacci Queen) so I will now look for a bullish trigger in the form of MACD cross over on the 30 minutes chart or possible turning up of RSI on the 30 minutes chart before simply trying my luck…..
As always the key will be risk and trade management if/when set up happens.
Keep in mind FRONT month for crude oil is now January! CLF22
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Crude Oil Futures Daily Chart

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

11-18-2021

Support and Resistance Levels 11.18.2021

 


Economic Reports, source: 

https://bettertrader.co/ 

BetterTrader Economic Indicators 11.17.2021

 

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.


Gold Chart Review and Outlook & Support and Resistance Levels 10.29.2021

October 28th, 2021 Filed under Crude Oil, Future Trading News, futures trading education | Comment (0)

Dear Traders,

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*Heads up: Start trading January beans – November beans entering first notice day.
You should be already trading December natural gas.

Gold Daily Chart below…..

Potential long signal was generated today( based on personal technical factors I use) – Looking at the quote below, my biggest battle in this hypothetical example would be:
  1. Entry level ( market? wait for lower price? enter if price breaks above?)
  2. Exit in case of loss
  3. Exit in case of profit
  4. Trade size?
  5. If at a loss will I exit all? or in parts?
  6. If profit achieved will I exit part of the trade? ( assuming I am trading more than 1 contract or perhaps MICROS)
  7. Do I need to bring stop to breakeven at any point ( if certain profit achieved?)
Obviously the answer to all of the above will change from trader to trader but bringing these points up can hopefully help you approach trading from a different angle.
“Every battle is won or lost before it is ever fought.”
Sun Tzu
The Art of War
This passage – dating back the 6th century B.C. – can aptly be applied to trading futures. Prepare for each trade. Set your risk. If the initial outcome is favorable, use your enemy’s resources (move your stop) to sustain your trading.
Don’t engage in extended battles (over trade) and consume your resources (money, time, mental energy).
Your “enemy,” (the market) only has the power to destroy your account if you let it.
Gold Futures Chart

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

10-29-2020

 


Economic Reports, source: 

https://bettertrader.co/ 

 

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.


Crude Oil Leading Many Markets? & Support and Resistance Levels 10.06.2021

October 5th, 2021 Filed under Crude Oil, futures trading education | Comment (0)

Dear Traders,

Get Real Time updates and more on our private FB group!
Separator

Crude Oil Leading Many Markets?

I was doing some homework last night, back testing different entry signals etc.
By mistake I plugged in a system that takes crude oil signals and applies it to the current market I was testing – Seems that these past 2 years or so, signals taken based on crude oil were more accurate ( using this specific trend following formula I was using) than signals based on the underlying contract!! To clarify I am testing longer term model using the DAILY chart.
Cotton, Coffee, Corn, beans, Gold and SP500 all did better based on price action/ signals using crude oil prices than their own data!!
Obviously this requires more in depth work, statistical analysis and forward testing but I thought it was interesting enough to share with you and give you some ideas perhaps even something to look into on intra day basis?
Speaking on crude pay attention to inventory report tomorrow.

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

10-06-2021

Support and Resistance Levels 10.06.2021

Economic Reports, source: 

 www.BetterTrader.co

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 as well as options on futures.


Crude Inventories, Unemployment report, Support & Resistance Levels 9.13.2017

September 12th, 2017 Filed under Future Trading News | Comment (0)

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Crude Inventories, Unemployment report, Housing Starts are just a few of the market moving reports we have on weekly basis

The financial market’s volatility attracts many to follow and trade economic events and use this volatility to try and generate profit. Unfortunately, trading isn’t easy. Starting from planning and preparing all the way through the releases, analyzing and trading economic events involves many steps. That is why we at Cannon Trading pick this content for you prepared by BetterTrader.Co

Download this 26 page PDF report, The essential guide to trading economic reports, instantly.

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