Natural Gas Archives

Category Archives: Natural Gas

July 18th Futures: Index Sell-Offs, Record Gold Prices, and Natural Gas Declines

July 17th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Energy Futures, Future Trading News, Futures Broker, Futures Trading, Gold Futures, Natural Gas | Comment (0)

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What you need to know for July 18th – Futures Markets

By Mark O’Brien, Senior Broker

Indexes: 

The September E-mini S&P 500 stock index futures contract climbed to it latest all-time high yesterday, closing at 5715.50, only to see its largest sell-off in two years today, currently down ±72 points / 1.25%.

Leading the index pack, however, the September E-mini Nasdaq is currently down ±625 points / 3.00% and ±900 points from its own all-time high posted last Wednesday, closing then at 20,896.50 and breaching 20,000 at this blog’s typing.

Metals:

Gold prices traded up to an all-time high today on growing optimism the U.S. Federal Reserve will conduct an interest-rate cut in September. The front month August futures contract dropped about 0.26% to $2,459.90 per ounce due to profit-taking after hitting an all-time high of $2,488.40 earlier in the session.

Markets now see a 98% chance of a U.S. rate cut in September, according to the CME FedWatch Tool.

Following suit, September silver lost ±95 cents (a ±$4750 per contract move) to near $30.50/ounce.

Energies:

Natural gas futures suffered another bout of heavy selling today with the front month August contract losing ±15 cents (a $1,500 per contract move) / 6.75% today and closing near two-month lows and within a few cents of $2.000 /mmBtu. Despite hot weather across much of the U.S. driving power-sector demand, large inventory surplus numbers have proved an overhang for prices

Daily Levels for July 18th, 2024

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Improve Your Trading Skills

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

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* 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.

Market Scanner, July Natural gas + Trading Levels for May 20th

May 17th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Natural Gas, Weekly Newsletter | Comment (0)

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Cannon Futures Weekly Letter Issue # 1194

In this issue:

Important Notices – Earnings, FOMC Minutes & Market Scanner
Futures 101 – Cannon Trading Market Scanner! NEW
Hot Market of the Week – July Natural Gas
Broker’s Trading System of the Week – NQ Swing System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices – Next Week Highlights:

Earnings, FOMC Minutes, 9 FED Speeches

Earnings Highlights: Lowes Pre open T, Target Pre-op W, NVIDIA W after close, Intuit TH after close
ECON Data: on Wed. Existing Home Sales 9am Central, FOMC Minutes 1PM central: Th-7:30 Initial Jobless claims,8:45 PMI,9:00 New Home Sales: Fri. 7:30 Durable Goods,9:00 Mich. Consumer Sentiment Final all times CST .
Fed Speeches: Mon. Bostic, Waller, Jefferson begins @ 7:45: Tues, Waller, Barkin, Williams, Bostic Begins @ 8:00 am Th. 2 PM Bostic: Fri. 8:35 am Waller. all times CST

Futures 101 :

Cannon’s Market Scanner

In the overview below, you’ll find our analysis of which markets present the best opportunities for long and short positions.

Our latest offering is the culmination of extensive research and rigorous backtesting of mathematical models designed to forecast the optimal direction for market engagement on any given day. The result is a comprehensive table that highlights the markets our algorithm deems most favorable for long positions, as well as those suitable for short positions. But what does this mean in practice? There are numerous strategies one might employ, yet the core principle remains: recognizing a market’s inherent bias can significantly aid a trader’s decision-making process. For instance, if there’s an identifiable long bias in a market nearing a support level, instead of considering a short position, it would be prudent to contemplate a purchase, aligning with the market’s long inclination. This is merely one instance of how such insights can be leveraged. We suggest monitoring the data closely for several days, or even weeks, taking detailed notes throughout. By dedicating yourself to this analysis, we’re confident you’ll discover the immense value of this information.

Questions? We are happy to help!

If you are a day trader, above you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.

Questions? We are happy to help!

Hot Market of the Week – July Natural Gas

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

July Natural Gas

July natural gas stabilized its slide in February and now has activated upside PriceCount objectives off the lows. The first count projects a potential run to the $3.02 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.

Treasury Bond Auctions and Price Action Watch video below.

Treasury Bond Auction and its Impact on Stock Index Futures

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.

Zenon Mini Nasdaq luz Continuo

PRODUCT

NQ – Mini Nasdaq

SYSTEM TYPE

Swing

Recommended Cannon Trading Starting Capital

$75,000

COST

USD 50 / 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.

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Daily Levels for May 20th 2024

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

Improve Your Trading Skills

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

Explore trading methods. Register Here

Natural Gas Daily Chart + Futures Trading Levels for 02.22.24

February 21st, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Energy Futures, Future Trading News, Futures Trading, Natural Gas | Comment (0)

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We have a FULL day tomorrow with several reports, FED members talking and more….

Natural Gas bounced sharply on news that Chesapeake cuts production outlook

Cocoa continues it’s run into unknown territories….up over 4% today!

Natural Gas Daily Chart for review below:

Daily Levels for February 22nd, 2024

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Improve Your Trading Skills

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

Explore trading methods. Register Here

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. 4^th 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

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: NG Outlook, MLK Trading Hours + Futures Trading Levels for Jan. 15/16

January 12th, 2024 Filed under Commodity Brokers, Commodity Trading, Economic Trading, Future Trading News, Future Trading Platform, Futures Broker, Futures Trading, Natural Gas, Trading Guide, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1178

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

In this issue:

Important Notices – General Updates and MLK Holiday Schedule
Trading Resource of the Week – 2024 World Cup Trading Championship
Hot Market of the Week – Feb Natural Gas
Broker’s Trading System of the Week – Crude Oil Day Trading System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices
- - Next Week
    - MLK Day is a federal holiday, abbreviated trading hours for some markets, others are closed (see below)
    Data
    - Wed 1-17, 4 Economic numbers will be released between 7:30 and 8:15 a.m. CST
    - Thur. 1-18, 3 Economic numbers between 7:30 and 9:00 a.m. CST
    Energy Markets
    - Due to the MLK Holiday Monday, the weekly EIA Energy Stocks report is moving.
    - Thursday @ 10:00 a.m. CST rather than the usual Wed. at 7:30 a.m.
    - Also, the regularly scheduled EIA Nat Gas report retains it’s 7:30 a.m. release on the 18th
    Earnings
    - Tues.-Fri, Heavy financial svcs rprtg. Including Morgan Stanely and Goldman Tues.
    - Large Regionals will be reporting though out the week.
    - Alcoa aluminum reports Wed. after the close
    Fed Watch
    - Tues. 1-17 Waller speech @ Brookings Institute 10:00 a.m. CST “Economic Outlook”
    - Wed. 1-18 Vice Chair of Supervision- Barr speech 8:00 a.m. CST “Cyber Risk”
    - MLK Trading Schedule HERE

Trading Resource of the Week :

The 2024 World Cup Trading Championships® are just around the corner.

You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

Real-money competitions based on net returns – no entry fee required.

Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

Do you have what it takes?

ENTER NOW!

- Hot Market of the Week – Feb Natural Gas
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

February Natural Gas

February natural gas accelerated off its December low to complete its third upside PriceCount objective before settling back with a corrective trade. Now, the chart is threatening to resume its rally where new sustained highs would project a possible run to the low percentage fourth upside count to the 4.44 area.

PriceCounts – Not about where we’ve been , but where we might be going next!

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.

ZigZag 6 _ Crude Oil CL

PRODUCT

Crude Oil

SYSTEM TYPE

Intraday

Recommended Cannon Trading Starting Capital

$15,000.00

COST

USD 100 / monthly

Get Started

Learn More

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 January 15th, 2024

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

Trading Reports for Next Week

click above for a LIVE demo, streaming prices

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!

Natural Gas

Category Archives: Natural Gas

July 18th Futures: Index Sell-Offs, Record Gold Prices, and Natural Gas Declines