Crude Oil Futures Chart

Crude Oil Futures Chart


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.


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.


Weekly Newsletter #1053 Trading Signals Directly to your Inbox, Crude Oil Recap & Trading Levels for Week Ahead 6.7.2021

June 4th, 2021 Filed under Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1053

Dear Traders,

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VAREA Signal Trading Alerts

Directly to your Inbox!

  • A dynamic research tool for Futures traders based on revolutionary algorithmic IP. Experienced management team has combined decades of trading experience with superior programming capability to produce this unparalleled algorithmic trading product.
  • Daily email to traders identifying trading opportunities (signals) on more than 20 specific tickers per a discrete set of rules and conditions/algorithms.
  • Packages are signals only (Basic, $99/month) or signals with execution suggestions by VAREA trading specialists (Premium, $199/month) and get a free month of the Premium product when you sign up. Contact your broker for implementation instructions to get you started.

Market Pick Review for the Week:

Crude Oil Weekly Chart
The market trading against resistance on the weekly chart. Failure at these levels can generate a quick sell off, a break above $70 can trigger the next leg up.
Crude Oil Weekly 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

6-7-2021

 

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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 herein 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


Weekly Newsletter #1044 Day Trading Commodities with Crude Oil Futures & Trading Levels for Week Ahead 3.22.2021

March 19th, 2021 Filed under Crude Oil, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1044

Dear Traders,

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Trading 102: Day Trading Commodities with Crude Oil Futures
Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:
By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..Fill out the form below to read the full article.
Weekly chart of Crude Oil futures for your review below. Click here for Larger image.
Crude Oil Weekly 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

3-22-2021

 

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Reports

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 herein 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


Crude Oil Futures & Economic Reports 11.14.2014

November 13th, 2014 Filed under Crude Oil, Future Trading News | Comment (0)

Hello Traders,

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

Hello Traders,

Tried to think about something worth sharing, information that can help traders and to be honest I could not think of anything I have not shared with you before so Decided to share a weekly chart of crude oil futures as we are sitting against MAJOR weekly support level at a 4 year lows. It will be interesting to see if we consolidate around here, have an initial bounce or break through and continue the slide we have seen. The next FIB level I draw on the weekly is at 53.90 just an FYI since you can not see it on the chart below.
PS: Crude Oil is one of the more active/volatile markets out there and is an interesting day trading market to say the least……

Read the rest of this entry »

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