Energies Insight w/ OPEC and Futures Support and Resistance Levels 01.04.2022

January 3rd, 2022 Filed under Energy Futures, Future Trading News | Comment (0)

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Happy and prosperous New Year from the Cannon Trading Team!

We appreciate the chance to serve your futures trading needs and are here to assist.

Energies Insight by John Thorpe, Senior Broker

O.P.E.C. will make a decision on output policy for February when they meet tomorrow. Please expect and prepare accordingly in the early A.M. and anticipate additional volatility not only in the energy markets , CL, NG, RBOB and Heating oil but also in the Equity indices ES, MES, NQ, MNQ, YM, MYM, RTY , and food markets as OPEC will be meeting in Vienna at 8a.m. EST (1 p.m. Central European TIme zone ) in light of the current restrictions and challenges related to the COVID-19 pandemic, please find the expected hours of release useful. Will their decision add to the existing inflationary concerns or will OPEC concede it’s output tightening instituted in 2020 has run it’s course and agree to raise it’s output limits in a measured approach or more substantially? The bond market has taken a nose dive in recent days and interest rates are expected to rise , tightening credit, Metals have also sold off in anticipation of easing inflationary pressures. Manage your risk well this week.

1. The 36th JMMC Meeting is scheduled to take place on Tuesday, 4 January 2022, at

13:00 (CET) via videoconference.

2. On the same day, 4 January 2022, the 24th OPEC and non-OPEC Ministerial Meeting

is slated to convene at 14:00 (CET) via videoconference.

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

01-04-2022

Futures Support and Resistance Levels 1.04.2022

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.

Natural Gas Futures Review and Chart & Support and Resistance Levels 11.17.2021

November 16th, 2021 Filed under Future Trading News, futures trading education, Natural Gas | Comment (0)

Dear Futures Trader,

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The natural gas market has seen volatility increase sharply over the past 8 weeks. Once it broke above 4.65 in early September, the market ventured into new territory with heightened volatility.

Supply crunch across the globe along with the seasonality of entering winter contributed to the rally and the pull back.

Notice how the front, Dec. contract bounced sharply off the major support/demand area at 4.70 and is now trading against the major supply area ( red line / moving average) at 5.44.

This market can go either way and do it relatively fast. Weather, supply chain news will determine next move.

A close above 5.44 can trigger retest of $6. Failure at the same level can send market towards the 4.65.

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

Good Trading

Futures Trading Levels

11-17-2021

Support and Resistance Levels 11.17.2021

Economic Reports, source:

https://bettertrader.co/

Better Trader Economic Reports 11.17.2021

Natural Gas, Crude Oil, Stocks and Rates, Support & Resistance Levels 10.05.2021

October 4th, 2021 Filed under Crude Oil, Energy Futures, Future Trading News, Natural Gas | Comment (0)

Dear Traders,

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Natural Gas, Crude Oil, Stocks and Rates

They all work together with a strong relationship. At times with direct correlation, at times with inverse correlation.

Do some homework, overlay some charts, look for clues that can help you while trading and provide even the smallest edge.

Natural gas, Crude oil have been on a bullish stretch lately. See a weekly chart of Natural gas below.

Other commodities like cotton and oats are also experiencing strong bull runs – is this due to in inflation? Supply chain fears? New “COVID world” environment?

Current levels to watch for on the major markets mentioned above:

Nov. Natural Gas:

Pivot 5.72

Support 5.14

Resistance 6.80

Nov. Crude Oil:

Pivot 74.72

Support 74.02

Resistance 79.25

Dec. 30 year bonds:

Pivot 161.12

Support 158.22

Resistance 164.02

Dec. Mini SP500:

Pivot 4437.00

Support 4251.00

Resistance 4540.00

Futures Trading Levels

10-05-2021

Did you know?

Cannon will Match or Beat Your Current Commission Rates!

Cannon offers over 10 TRADING PLATFORMS CLICK HERE for a demo

CTC specializes in Broker-Assisted Trading.

Economic Reports, source:

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Better Trader Report 10.05.2021

Pay Attention to Energy Futures & Support and Resistance Levels 9.29.2021

September 29th, 2021 Filed under Crude Oil, Future Trading News | Comment (0)

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Pay Attention to Energy Futures

(There’s More to Trading Than the S&P 500, Nasdaq and Dow Jones)

By Mark O’Brien, Senior Broker

Every country in the world depends on energy. For some, energy production is the backbone of their economies. Energy products as a percentage of all that a country exports can be as high as 90% or more. Kuwait, Libia and Iraq are notable examples. For others, energy is a scarce resource within their borders making it necessary to import it. Countries like South Korea, Ireland and Japan import over 80% of their needed energy. Governments, multinational corporations, international consortiums (think OPEC) often vigorously compete for control of energy production and distribution – and the revenue that comes from them. Energy resources have literally fueled wars for their control. Without doubt, oil, its refined products and natural gas are among the world’s most valued commodities.

Not surprisingly, energy futures contracts like crude oil, heating oil, unleaded gas and natural gas are some of the largest futures contracts in the world by volume. The CME Group’s NYMEX Exchange offers trading on some of the energy sector’s benchmark products, including West Texas Intermediate (WTI) Crude, Henry Hub Natural Gas, Brent Crude and RBOB Gasoline.

Like stock index futures, energy futures trade 23 hours a day (5:00 P.M. – 4:00 P.M., Central Time), Sunday through Friday. Both crude oil and natural gas offer mini contracts and crude oil even offers a micro contract.

If you’re trading is solely focused on stock indexes, think about adding energy futures to your watch list and expanding your trading power (pun intended) with energy futures contracts.

Good Trading

Futures Trading Levels

9-30-2021

Economic Reports, source:

www.BetterTrader.co

Natural Gas Chart 1.24.2018

January 23rd, 2018 Filed under Future Trading News | Comment (0)

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Today’s powerful move in the Natural gas market ( primarily in the front month, February) served as a good reminder that many of the physical commodities ( and some of the financial ones as well) have limit up and limit down moves. When a limit up/down move happens, trading halts for a certain amount of time or until there is a balance between sellers and buyers and we will be happy to share more and explain to you if interested via email or one on one conversation.

the short version of limit up move is: There are only buyers and no sellers at current price levels. The even shorter version is that this can be a very dangerous event to your financial, mental and emotional well being if you are on the wrong side…..

Daily chart of the Natural Gas market for your review below:

If you like to get a free trial of the indicators/ ALGOS I circled in the chart above, visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

Read the rest of this entry »

Natural gas

Energies Insight w/ OPEC and Futures Support and Resistance Levels 01.04.2022

Energies Insight by John Thorpe, Senior Broker

Futures Trading Levels

Economic Reports, Source:

Natural Gas Futures Review and Chart & Support and Resistance Levels 11.17.2021

Good Trading

Futures Trading Levels

Economic Reports, source:

Natural Gas, Crude Oil, Stocks and Rates, Support & Resistance Levels 10.05.2021

Futures Trading Levels

Economic Reports, source:

Pay Attention to Energy Futures & Support and Resistance Levels 9.29.2021

Pay Attention to Energy Futures

Good Trading

Futures Trading Levels

Economic Reports, source:

Natural Gas Chart 1.24.2018

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