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Tag: crude oil

Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017

Posted on by Ilan

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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

Continue reading “Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017”

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

Posted on by Ilan

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

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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!

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

Crude Oil Volatility and Chart 9.29.2016

Posted on by Ilan

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

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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 Thursday September 29, 2016

Greetings!

What a volatile day in the energy sector…..

We started with the energy report sending prices much lower only to get some reports on agreement between some of the oil producing countries to limit production…..

Buy the rumor sell the fact?

time will tell but if you are trading energies be aware of the news and adjust your trading as volatility expands like it just did…..

Daily chart of Crude Oil for fun….

Crude Oil Chart

Crude Oil Numbers Tomorrow 9.28.2016

Posted on by Ilan

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 Wednesday September 28, 2016

Greetings!

We have a full day tomorrow!

Crude Oil numbers, Fed. members speaking, Draghi speaking, durable goods….

I wrote before on trading or not trading during big numbers.
Each of you is a different person, different trader and hence the importance of keeping a personal trading journal. If you trade crude oil, you will be able to look back at your journal and decide if to trade or not during crude numbers and read from past weekly reprots which will greatly help you preparing for tomorrow report.

Crude Oil Outlook 8.26.2016

Posted on by Ilan

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 August 26, 2016

Hello Traders,

Greetings!

Crude Oil Futures Are Reaching a Decision Point
I like the potential of being bullish on crude oil futures for next few weeks! Here are a few ways you can do this:

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Crude oil futures have been providing quite a bit of excitement the last few months. Most traders, myself included, like excitement when it comes to trading. It means two things: opportunities and risks.

The recent pullback in crude oil future prices present a buying opportunity, in my opinion.

Looking at the daily chart of crude oil below, you will see that I marked what I feel should be a support level for resumption of the upside move.

Read the Rest of the article along with charts here

Continue reading “Crude Oil Outlook 8.26.2016”

What should you do when stock index futures are “dead”? 8.09.2016

Posted on by Ilan

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 Tuesday August 09, 2016

Hello Traders,

Summer trading at its best….8 points range on the Mini SP 500 during the primary session…As a trader, that can be pretty depressing. Few things you can do when stock index futures are “dead”:

  1. Wait for them to come back a live and simply don’t trade until that happens.
  2. Look at weekly Mini SP500 options as an alternative
  3. Look at other markets ( crude oil had a nice volatile range today)

In between, feel free to reach out to us here at Cannon with any questions, feedback and comments and let us know how we can help you achieve your goals!

Here is some good reading material for when the market is slow:

https://www.cannontrading.com/community/futures-market-ranking-30-market-events

Continue reading “What should you do when stock index futures are “dead”? 8.09.2016″

Trading 201: Day Trading Crude Oil futures

Posted on by Ilan

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 February 26, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

Trade management is more important than Market Analysis….

Trading 201: Day Trading Crude Oil futures

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.

Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

Continue reading “Trading 201: Day Trading Crude Oil futures”

Crude Oil Futures & Economic Reports 10.21.2015

Posted on by Ilan

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 Wednesday October 21, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Crude Oil Futures & Economic Reports 7-31-2015

Posted on by Ilan

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 July 31, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Elliott Wave International’s Chief Energy Analyst tells you what he sees next for crude

By Elliott Wave International

In this new interview, Steve Craig, editor of Elliott Wave International’s Energy Pro Service, shows you what extreme readings in some of his market indicators mean for crude from here. Watch this interview now for a unique take on this key energy market.

This article was syndicated by Elliott Wave International and was originally published under the headline (Interview, 4:58 min.) Crude Oil: Will the Decline Continue?. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

Did you know Cannon offers FOREX trading including the MT4 platform?

Did you know that Cannon offers trading systems on auto trade basis including iSystems?

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services. 

Weekly Futures Crude Number, Economic Reports & Levels 10-23-2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Weekly crude numbers for WTI from EIA  for  28 years .

Wealth of information  for review if you are a crude oil/ energy trader!

 

  http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=rwtc&f=w

 

Trading myopothy blinds many traders so from time to time it is important to step back, take a deep breath and look at the price action from longer time frames” The action to the downside in the Crude oil market has been nothing short of breathtaking. ….

the longer term view(s) can illustrate ( on this chart supplied by U.S. Energy Information Administration).  That deeper sell offs and more volatile market moves could continue for some time .

Weekly chart for your review below:

 

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Continue reading “Weekly Futures Crude Number, Economic Reports & Levels 10-23-2014”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.