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.

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)

Start your FREE trial now

Hot Market of the Week – March Silver

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.

FREE TRIAL AVAILABLE

March Silver

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.

NoG euro CL TBO M1C

PRODUCT

Crude Oil CL

SYSTEM TYPE

Intraday

Recommended Cannon Trading Starting Capital

$15,000.00

COST

USD 115 / monthly

Get Started Learn More

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.

Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

Would you like to receive daily support & resistance levels?

Yes

Select

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

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)

Get Real Time updates and more on our private FB group!

https://business.facebook.com/groups/1105191589938254/

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.

Futures Trading Levels

11-09-2023

#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.

The Day After FOMC + Futures Trading Levels for Nov. 2nd

November 1st, 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)

Get Real Time updates and more on our private FB group!

https://business.facebook.com/groups/1105191589938254/

The Day After?

By Senior Broker, Mark O’Brien

General:

Prior to this blog’s release, the Federal Reserve Bank’s Open Market Committee held rates steady at 5.25% – 5.50% for the second consecutive meeting, yet another indication that the global central bank rate hike cycle is coming to an end. At the same time, Fed. chair Powell stayed on message by suggesting more rate hikes could be in the pipeline should inflation remain “sticky.”

Keep in mind that a favorite inflation gauge of the Fed is the quarterly Core Personal Consumption Expenditures Index (Core PCE), which last Friday recorded its eighth monthly decline in a row – down to a 3.68% YOY increase and the lowest reading since May 2021.

Energy:

If there was a fear / anticipation that the crisis in the Middle East would lead to extended physical supply disruptions for the energy markets, that fear – and crude oil prices – has abated in the last week or so. After its initial ±$2.00 per barrel gap-up opening to ±$83.25 per barrel the Sunday after the outbreak of hostilities, Dec. crude oil spent two weeks reaching up to $89.85 intraday on Friday the 20th. As of this typing, it’s trading over $9.00 per barrel lower near $80.00 per barrel, below pre-hostility prices. Certainly without notice, the war could escalate. Expansion militarily between the current parties involved, or in concert with expanded state or non-state participation including the United States, Iran, Syria, Hezbollah could inject a “war premium” into energy prices and extend to other commodities.

Risk:

The point here is not to opine that this is the direction the conflict will go. There are a range of possible scenarios for the Israel-Gaza conflict, from an expansion to a broader regional war to a negotiated cessation of hostilities. There are parties and catalysts capable of steering the situation in either direction.

The idea is to caution traders of the potential for increased volatility and to suggest you approach your futures trading generally with risk-defined strategies, such as hard stop orders, option protection, hedge positions & futures and options spread applications.

Plan your trade and trade your plan.

Futures Trading Levels

11-02-2023

#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: How to Trade Economic Reports + Futures Trading Levels for Oct. 23rd

October 27th, 2023 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Corn Futures, Crude Oil, Day Trading, Energy Futures, Future Trading News, Future Trading Platform, Futures Broker, Futures Exchange, Futures Trading, futures trading education, Trading Wheat Futures, Weekly Newsletter | Comment (0)