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Futures Trading Levels, Volatile Oil Market is Most Affected by Libian News

Cannon Trading / E-Futures.com

Volatile action continue in the crude oil market, definitely not a market for traders with weak stomachs or those who don’t have “deep pockets”. High volatility.

Daily chart of May Crude below with possibility of market pulling back to 103.39 if selling resumes overnight – however this being said, the crude market is currently affected mostly by Mideast/Gaddafi news…..

GOOD TRADING!

Daily E-Mini S&P 500 futures trading chart screenshot from today April 11th 2011

Stock futures trading chart levels Monday April 11th 2011

TRADING LEVELS!

Commodity Futures trading levels April 11th, 2011

Economic Reports Monday April 12, 2011

FOMC Member Dudley Speaks
6:15am USD

Trade Balance
8:30am USD

Import Prices m/m
8:30m USD

IBD/TIPP Economic Optimism
10:00am USD

Federal Budget Balance
2:00pm USD

FOMC Member Tarullo Speaks
2:45pm USD

FOMC Member Yellen Speaks
2:50pm USD

Economics Report Source: http://www.forexfactory.com/calendar.php

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!

Tags: > > > Posted in: Crude Oil   | Futures Trading  

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