Economic Reports

Brent crude is a primary classification of crude oil used as a reference price for trading crude oil around the world. It is also known as London Brent and Brent Blend.

It was first extracted in 1976 from a small area in the North Sea called the Brent field by Shell U.K. Limited (now Royal Dutch Shell), which made it a practice of naming oil fields after water birds. For this particular area, the name comes from a small water bird called the Brent goose.

While the Brent field is now no longer economically viable, Brent crude is now comprised of oil extracted from fifteen later-developed oil fields located throughout the North Sea, an area of roughly 220,000 square miles. This area comprises by far the largest oil reserves in western Europe – land or sea.

Support & Resistance Levels 5.3.018

May 2nd, 2018 Filed under Future Trading News | Comment (0)

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Dear Traders,

There will be no market commentary today. Read full article to see trading levels and economic reports for Thursday, May 3rd 2018.

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The Difference Between Commodities And Equities Trading 5.2.018

May 1st, 2018 Filed under Commodity Trading, Future Trading News | Comment (0)

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Dear Traders,

The Difference Between Commodities And Equities Trading

By John Thorpe, Senior broker Cannon Trading Co, Inc.

FEATURED ON SEEKINGALPHA.COM

A Commodity: What is a legal contractual agreement to make or take delivery of a particular product?

An Equity or Common Stock: What is a legal contractual ownership in a company?

Similarities.

Both have regulated markets
Both can utilize the same/identical indicators, charting conventions to identify, trends and trade set-ups.
Order mechanics: Market, Stops, Stop limits, OCO’s, OSO’s GTC’s
Fees: Less than $7.00 per order/contract

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