Crude Oil Futures News & Information on Cannon Trading

Crude Oil

Category Archives: Crude Oil

A naturally found substance, crude oil is also one of the most traded commodities. It is crude oil that is further refined so as to make petroleum products. Just like with every other commodity, crude oil too has its specific ticker symbol, contract value and margin.

The margin is variable as it keeps changing as per the volatility in the market as well as according to the current value of the contract. If you are interested in crude oil trading or are already trading in this commodity, it is important for you to know that over the past 50 years the price of this commodity has been denominated in U.S. Dollars.

At Cannon Trading we help you trade crude oil at some of the best day trading margin rates. Our brokers will do their best to keep you aware of the market happenings to help you exercise call and put options carefully. In order to get more information on crude oil and commodities, read this category archive blog. Please feel free to share this information.


Gold Outlook, Crude Oil & Nat Gas Numbers Tomorrow! +Futures Trading Levels for 01.18.24

January 17th, 2024 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Energy Futures, Future Trading News, Futures Broker, Futures Trading, futures trading education, Natural Gas | Comment (0)

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Talking Gold Futures

By Mark O’Brien, Senior Broker

A six-month decline followed by a two-month rally of almost equal price movement. On April 4, Feb gold traded to its all time high of $2,140.30 per ounce. Almost six months to the day, on Oct. 6, the benchmark precious metal had declined ±$300 per ounce (a ±$30,000 move) to $1,842.50. Then, within almost an exact two-month span, on the Sunday Dec. 4th opening of trading, Feb. gold capped a ±$300 per ounce rally, trading briefly up to a new all-time high of $2,152.50. Today, gold prices fell to a more than one-month low, trading intra-day to $2,004.60 per ounce. Credit strong economic data that strengthened dollar and Treasury yields and lowered market expectations of a U.S. rate cut in March. The Commerce Department reported a more-than-expected rise in U.S. retail sales for December. This followed the strong gains in employment and wage gains reported earlier this month and an uptick in inflation last week.

 

The U.S. Consumer Price Index last week did not persuasively indicate under-control inflation,

but with energy and grain prices remaining significantly below last year’s highs, the prevailing

direction of inflation points down with economic conditions improving.

Heads up: Both Natural Gas and Crude Oil numbers come out tomorrow due to MLK holiday this past Monday and the short trading week.

 

 

 

 

 

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

01-18-2024

 

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

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Economic Reports,

Source: 

Forexfactory.com

 

 

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.


Video on Projecting Levels, Christmas Modified Trading Schedule + Levels for 12.20.23

December 19th, 2023 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Energy Futures, Future Trading News, Index Futures, Indices | Comment (0)

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March is front month for stock indices and currency futures.

Symbol for March is H, so example ESH24

February is front month for crude oil.

Christmas Modified trading schedule below.

 

Video: Projecting possible targets when trading futures

 

Projecting possible targets when trading futures

 

 

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

 

12-20-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

 

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.


Get Trade Alerts + Futures Trading Levels for Dec. 7th

December 6th, 2023 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Energy Futures, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Trading Guide | Comment (0)

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Bullet Points, Highlights, Announcements

By Mark O’Brien, Senior Broker

 

General: 

 

It seems like no futures markets are more focused on trading off expectations than those of interest rate futures, like the 10-year T-note and 30-year T-bond.  And those expectations are more focused on one source of information more than any other: the words and actions of the U.S. Federal Reserve Bank’s governors and current chairman, Jerome Powell.  The Fed. board’s governors’ words are incessantly parsed for any clues as to the future direction of interest rate policy.  Each coming Federal Open Market Committee meeting becomes the latest most important meeting in memory and next week’s is no exception.  The U.S. economy is slowing; there are signs inflation is falling and the Fed has kept interest rates steady – at a range of 5.25% to 5.50%, the highest since 2001 – through its last two meetings after raising rates at the conclusion of eleven consecutive meetings before that.  If “three is a trend,” and if the Fed. holds interest rates steady (widely forecast) look for the futures markets to pile on to the already-shifting expectation that a rate cut is coming sooner than later.  As is customary, Chair Powell will likely try to communicate that the Central Bank’s job of controlling inflation is ongoing and any decision on the future of interest rates – up, down, or steady – will be based on broad definitive proof of the need to act, or not.  Next week’s meeting is a 2-day affair, with the announcement scheduled for Wednesday at 1:00 P.M. Central Time, followed by Chair Powell’s press conference.  Stay tuned.

 

Energy: 

 

 

Already entering today’s trading on a 4-day losing streak, crude oil futures extended its sell-off which as of this typing broke through $70.00 per barrel to an intra-day low of $69.11, its lowest price since July 3 (basis the January contract).

 

While today’s weekly Energy Information Administration report showed crude inventories fell by 4.6 million barrels, far exceeding the 1.4 million-barrel drop analysts had expected, U.S. gasoline stocks rose by 5.4 million barrels last week, more than five times the 1 million-barrel rise analysts expected.

 

News concerning “the elephant in the room” – China’s economic health – also pressed down on prices.  Yesterday, rating agency Moody’s lowered the outlook on China’s A1 rating from stable to negative.

 

Getting help from the currency market, the U.S. dollar stayed on its upward rebound from 3+ month lows of last week to a two-week high.  For all things dollar denominated – particularly globally traded commodities – a rising dollar pressures demand by making purchases more expensive for holders of other currencies.

 

Plan your trade and trade your plan.

 

 

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

12-07-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

 

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: Text Alerts, Silver Daily Chart + Futures Trading Levels for Dec. 4th

December 1st, 2023 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Financial Futures, Future Trading News, Future Trading Platform, Futures Broker, Futures Exchange, Futures Trading, Gold Futures, Metal Futures, Trading Guide, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1173

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  •  Important Notices – Trade March bonds, Feb. gold
  • Trading Resource of the Week – Trade Alerts
  • Hot Market of the Week – March Silver
  • Broker’s Trading System of the Week – CL (Crude) Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week
  • Important Notices

    • Federal Reserve Board Black Out Period Dec 2-14
    • March (H24) Interest rate products, ZB, UB,ZN,ZF,ZT. are now front month
    • Front month for gold is February
    • March (H24) front month for silver
    • Earnings watch, Tuesday 12-5 Toll Brothers Builders NYSE (TOL), Thursday 12-7 chipmaker Broadcom NYSE (AVCO)
    • Reports a variety, Main Focus Friday, NFP 6:30am, WASDE 10am and 1st day of Hanukkah all times CST

  • click above for a LIVE demo, streaming prices

 

  • Trading Resource of the Week 

Real Time Text Alerts

Directly to your Phone!
  • You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Text alerts available to US and Canada residents. Int’l clients will receive the alerts via email. No obligation
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies and Meats
  • Open an account* and receive the Trade Alerts free for 3 months ($357 value)

.

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
March Silver stabilized its break last month and activated upside PriceCount objectives on the correction higher. Now, the chart is taking aim at its first upside target in the 26.41 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$15,000.00
COST
USD 115 / monthly
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
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  • Trading Levels for Next Week

Daily Levels for December 4th, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

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.

 

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.

New Micro Nat Gas, Crude Oil Chart + Futures Trading Levels for Nov. 9th 2023

November 8th, 2023 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, E-Mini Futures, Financial Futures, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Index Futures, Indices, Nasdaq, Natural Gas, Trading Guide | Comment (0)

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Updates and Bullet Points:

By Mark O’Brien, Senior Broker

 

General: 

We have a new futures contract.  It started trading on Monday.  This is the Micro Henry Hub Natural Gas futures contract and corresponding options.

 

To quote directly from the CME Group web site, “The introduction of Micro Henry Hub Natural Gas futures and options responds directly to customer demand for a smaller, more precise instrument for managing natural gas price exposure. At one-tenth the size of the benchmark Henry Hub (NG) contract, Micro Henry Hub Natural Gas futures and options offer more granularity and smaller margin requirements with the same robust transparency and price discovery of the larger Henry Hub contracts.”

 

Follow the link below to the contract’s full contract specifications on the CME Group web site:

 

https://www.cmegroup.com/markets/energy/natural-gas/micro-henry-hub-natural-gas.contractSpecs.html

 

Heads up: most FCM’s / clearing firms, including the five FCM’s Cannon Trading Co. partners with, will monitor a new futures contract for sufficient liquidity before making it available to its clients.  Give Cannon Trading a call to find out the availability of the contract.

 

Energy: 

Incidentally, natural gas (basis Dec.) dropped ±50 cents (a ±$5,000 move) over the last six trading sessions to ±$3.10 /mmBtu. down to new 2-year lows on forecasts for above-normal temps. across the U.S. for the next fifteen days and continental U.S. production remaining near all-time highs,”

 

Financials: 

Stock index futures are struggling today to extend their longest winning streak in two years – clocking seven straight daily gains – as we approach the close of trading.  At this typing, the E-mini S&P 500 is trading just a few ticks either side of unchanged, while the E-mini Dow Jones and E-mini Nasdaq are slightly off.

 

More energy: 

Crude oil extended its more than 2-week sell-off to its lowest level in over three months.  From an intraday high of $89.85 per barrel on Oct. 20, the front month traded through $75.00 per barrel this morning – a ±$15.00 per barrel / $15,000 per contract move.

 

DAILY CHART BELOW

 

News pushing prices south include global demand worries, record U.S. production and ebbing supply concerns surrounding the Gaza conflict.

 

Given its ability to create a ripple effect, the ±15% price decline dragged U.S. pump prices down to levels not seen since March.  It has also helped rein in inflation expectations and worrisome bond yields.

 

While this paints a picture that fears are subsiding that a wider conflict could be emerging in the Middle East and disrupt supplies, traders should remain on high alert for signs to the contrary.

Plan your trade and trade your plan.

 

 

 

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

11-09-2023

 

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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.

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