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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.


Day Trading Crude Oil Futures & Levels 4-18-2018

April 17th, 2018 Filed under Crude Oil, Day Trading, Future Trading News | Comment (0)

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Dear Traders,

With the energy numbers coming out tomorrow, which impact crude oil quite a bit, I thought it would be a good time to share this article I wrote once again:

Crude Oil Futures volatility offers a “different market personality” than stock index futures. Here is some of the things you need to know about day trading crude oil futures:
By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.

Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.

Read the rest of this entry »


Trading Resources! 1.31.2018

January 30th, 2018 Filed under Crude Oil, Future Trading News | Comment (0)

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Front month for crude oil and Natural gas is March.

Front month for gold is now April.

Tomorrow is the last trading day of the month. I have seen the markets make some large moves on last/first trading days of the months and my assumption is that large funds either exit/ enter/close positions for different reasons on these days.

Take notes and keep a journal!! 

Some good resources for you to browse:

Day trading crude oil article: https://www.cannontrading.com/community/day-trading-crude-oil-futures

Trading Calendar: https://www.cannontrading.com/tools/futures-trading-calendar

Chart Patterns: https://www.cannontrading.com/tools/recognizing-charts-patterns

Read the rest of this entry »


Crude Oil Futures Flirts with $60 Mark for First Time in Over 30 Months

December 26th, 2017 Filed under Crude Oil | Comment (0)

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Dear Traders,

Trading was MUCH lighter today than normal…mini SP volume is normally above 1,000,000 contracts per day. Today volume was approx. 300000.

I suspect the lower volume to continue until next Tuesday when we start trading for 2018.

Don’t confuse low volume with “dead price action”. The lower volume can sometimes help exaggerate price moves when certain news or events take place.

The market of today, was definitely crude oil (yes not bitcoin futures this time…). The front month, February touched 60.01 for the first time in
months, maybe couple of years…

Daily chart for review below:

Crude Light(Globex), Equalized Active Daily Continuation Daily Chart

Read the rest of this entry »


Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017

November 29th, 2017 Filed under Crude Oil, Future Trading News | Comment (0)

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018. 

Saudi Arabia: Turbulence on the Horizon?

  • 21 Nov 2017
  • By Erik Norland
  • Topics: Economic Events

There is considerable change underway in Saudi Arabia, from how the country is governed and managed to an even more activist role in the politics of the volatile Middle East. Options markets, however, appear to be almost entirely unconcerned about recent developments in the country, the world’s largest exporter of crude oil and a key U.S. ally in the Middle East.

At-the-money implied volatility on West Texas Intermediate (WTI) Crude Oil options has been trading near its lowest point since late 2014 and is well below its long-term average.  For example, on November 17, 90-day WTI options closed at 23% implied volatility, well below their 31% average so far this decade (Figure 1).  Are markets too complacent in the face of potential political disruption in Saudi Arabia and its neighboring countries. READ THE REST

Read the rest of this entry »


Big day on the last trading day of the month tomorrow! 11.30.2016

November 29th, 2016 Filed under Crude Oil, Future Trading News, Futures Trading | Comment (0)

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In today’s blog, note about tomorrow’s full day of reports, changes to Russell contract size, reminder of current front months

Dear Traders,

Looking at the schedule for tomorrow – BIG day ahead.

We have OPEC, Crude Oil report, Beige book, ADP employment report, CPI and much more.

Check the calendar on section 3 of this blog. Set alarms. Know which reports affect the markets you trade so you don’t get caught in one of those moments where you yell ” What the heck just happened??

Effective on trade date Monday, December 5th,  ICE Futures US will change the contract size for mini Russell 2000:

Mini Russell 2000 used to be that one point  was $100 or 1 tick was $10. As of next Monday, one point will be worth $50 and each tick will be $5.

Assigned Deliveries can be a very costly process to try and reverse…..make sure you are trading the correct months:

  • Front month for Gold is February.
  • Silver front month is March.
  • Front month for most grains is March.
  • Crude oil and Natural gas are January.

If you enjoy our blog and the information we share, please vote for us as #1 under the “Blog Section” and provide us with the strength and energy to continue and providing you with the best tips and information on this blog!!

You can vote daily, both for the blog and for Cannon Brokerage services!!

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