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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.


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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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!!

Vote here

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Getting Stopped Out on the Highs and Lows? Read This Article….11-18-2016

November 18th, 2016 Filed under Crude Oil, Future Trading News, Options Trading | Comment (0)

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday November 18, 2016

Greetings!

Dear Traders,

Many of you shared with me how frustrated you get when you get stopped out only to see the market goes back to where you wanted it to or positioned for….

This article by my colleague John Thorpe, talks about using weekly mini SP 500 options and can be applied to  gold, bonds, crude oil and other markets that have weekly options.  Must read.

Weekly Mini S&P option contracts

There are 100’s of indicators available to traders to assist with decision making that can be applied to technical analysis, which is precisely the reason to utilize a sound and inexpensive weekly ES strategy to compliment a day trading strategy.

There are two main uses for the Weekly options
  1. As a hedge, no need for stops
  2. As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.

Read the full article!

Read the rest of this entry »


Try trading indicators for free!

November 14th, 2016 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Day Trading Webinar | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday November 11, 2016

Greetings!

Would you like to try trading indicators NOT found anywhere else?

If so check out https://www.cannontrading.com/tools/intraday-futures-trading-signals

Read the rest of this entry »


Oil outlook by Erik Nolan of the CME group 10.28.2016

October 27th, 2016 Filed under Crude Oil, Future Trading News | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday October 28, 2016

Greetings!

Good read by the CME about oil prices:

Oil: Tell-Tale Signs in U.S. Inventories

  • 25 Oct 2016
  • By Erik Norland
  • Topics: Energy

For those hoping for a sustained rebound in oil prices, U.S. inventories might present a mixed picture.  First the bad news: crude oil inventories are still near record high levels and are continuing to rise on a year-on-year basis.  Gasoline and ultra-low sulfur diesel (ULSD) inventories are also increasing year on year but to a lesser extent.  Inventories of all three remain near seasonally-adjusted record highs.

The good news is that the pace of inventory accumulation is slowing rapidly.  For a while in 2015, crude oil inventories were rising as much as 31% year on year.  Currently, they are just 5% greater than a year ago (Figure 2).  Gasoline inventories are up about 4% from last year while ULSD inventories are up about 7% from a year ago.  At their peak rate of increase, gasoline inventories rose at about 11% year on year, while ULSD inventories increased by as much as 27% year on year.

Read the rest along with graphs and charts.

Read the rest of this entry »

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