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Tag: Natural gas

Copper Prices Surge $6,500 per Contract After Trump’s 25% Tariff Bombshell!

Posted on by Jenny Collins

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Markets Highlights on Copper

Copper

by Mark O’Brien, Senior Broker

General:

The big one! It’s that time of the month again: we’re a couple of days from when the Labor Dept. releases its monthly Non-farm payrolls report. It’s widely considered to be one of the most important and influential measures of the U.S. economy and the report is released at 7:30 A.M., Central Time on the first Friday of the month.

Ahead of that, today the ADP National Employment Report showed payrolls increased by 77,000 jobs in February, the smallest gain since July 2024, after rising 186,000 in January. Economists had forecast private employment advancing 140,000.

The ADP report, jointly developed with the Stanford Digital Economy Lab, likely exaggerates the labor market slowdown and has no correlation with the government’s employment report.

 Softs:

Arabica coffee futures rose sharply today with the market heading back up towards recent record highs. May ICE coffee rose almost 5% to $4.1855 per lb. intraday. Traders indicated the market showing signs of resuming its upward trend after suffering a sharp setback which took prices from a record high of $4.2995 on Feb. 11 to a low of $3.6630 a week ago – a ±$23,900 per contract correction! The market was keeping a close watch on the weather in top grower Brazil with hot, dry conditions raising some concerns about the upcoming crop.

Energy:

Crude oil futures settled down for the fourth consecutive session today after U.S. crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to increase output in April and U.S. tariffs on Canada, China and Mexico. April West Texas Intermediate crude (WTI) settled down $1.95, or 2.86%, to $66.31 a barrel, its lowest since November ’24. OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, decided on Monday to proceed with a planned April oil output increase of 138,000 barrels per day, its first since 2022.

Metals:

Copper

CME/COMEX copper futures soared today following President Donald Trump’s announced 25% tariffs on copper imports during his Tuesday night speech to Congress. May copper rose ±26 cents/lb. (±5.7% as of this blog post – a $6,500 per contract move – to a $4.825/lb. intraday high.
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April Crude Oil

April crude oil is completing its second downside PriceCount objective to the 66.53 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. At this point, IF the chart can sustain further weakness, the third count would project a possible slide to a new contract low around 62.78. A trade below the October reactionary low would formally negate the remaining unmet upside objectives.

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Daily Levels for March 6th, 2025

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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.
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Natural Gas & Copper Eye Upside Amid Post-Holiday Market Turbulence; Softs & Metals Lead the Charge

Posted on by Jenny Collins

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Busy Friday to Finish a Short Trading Week

By Ilan Levy-Mayer, VP

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It has been a volatile short trading week post President’s Day long weekend.

Wild swings across the board with softs and metals leading the way.

Tomorrow we have new home sales, flash PMI and University of Michigan reports which will be watched closely for the inflation outlook.

Watch both natural gas and copper as these markets are establishing a tend to the upside.

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Daily Levels for February 21st, 2025

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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.
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Energies Insight w/ OPEC and Futures Support and Resistance Levels 01.04.2022

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

Happy and prosperous New Year from the Cannon Trading Team!
We appreciate the chance to serve your futures trading needs and are here to assist.

Energies Insight by John Thorpe, Senior Broker

O.P.E.C. will make a decision on output policy for February when they meet tomorrow. Please expect and prepare accordingly in the early A.M. and anticipate additional volatility not only in the energy markets , CL, NG, RBOB and Heating oil but also in the Equity indices ES, MES, NQ, MNQ, YM, MYM, RTY , and food markets as OPEC will be meeting in Vienna at 8a.m. EST (1 p.m. Central European TIme zone ) in light of the current restrictions and challenges related to the COVID-19 pandemic, please find the expected hours of release useful. Will their decision add to the existing inflationary concerns or will OPEC concede it’s output tightening instituted in 2020 has run it’s course and agree to raise it’s output limits in a measured approach or more substantially? The bond market has taken a nose dive in recent days and interest rates are expected to rise , tightening credit, Metals have also sold off in anticipation of easing inflationary pressures. Manage your risk well this week.
1. The 36th JMMC Meeting is scheduled to take place on Tuesday, 4 January 2022, at
13:00 (CET) via videoconference.
2. On the same day, 4 January 2022, the 24th OPEC and non-OPEC Ministerial Meeting
is slated to convene at 14:00 (CET) via videoconference.

 

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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

01-04-2022

Futures Support and Resistance Levels 1.04.2022


Economic Reports, Source: 

https://bettertrader.co/ 

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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.

Natural Gas Futures Review and Chart & Support and Resistance Levels 11.17.2021

Posted on by Ilan

Dear Futures Trader,

Get Real Time updates and more on our private FB group!
The natural gas market has seen volatility increase sharply over the past 8 weeks. Once it broke above 4.65 in early September, the market ventured into new territory with heightened volatility.
Supply crunch across the globe along with the seasonality of entering winter contributed to the rally and the pull back.
Notice how the front, Dec. contract bounced sharply off the major support/demand area at 4.70 and is now trading against the major supply area ( red line / moving average) at 5.44.
This market can go either way and do it relatively fast. Weather, supply chain news will determine next move.
A close above 5.44 can trigger retest of $6. Failure at the same level can send market towards the 4.65.
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Futures Natural Gas Daily Chart

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 when it comes to Futures Trading.

 

Futures Trading Levels

11-17-2021

Support and Resistance Levels 11.17.2021

 


Economic Reports, source: 

https://bettertrader.co/ 

Better Trader Economic Reports 11.17.2021

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.

Natural Gas, Crude Oil, Stocks and Rates, Support & Resistance Levels 10.05.2021

Posted on by Jenny Collins

Dear Traders,

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Natural Gas, Crude Oil, Stocks and Rates
They all work together with a strong relationship. At times with direct correlation, at times with inverse correlation.
Do some homework, overlay some charts, look for clues that can help you while trading and provide even the smallest edge.
Natural gas, Crude oil have been on a bullish stretch lately. See a weekly chart of Natural gas below.
Other commodities like cotton and oats are also experiencing strong bull runs – is this due to in inflation? Supply chain fears? New “COVID world” environment?
Current levels to watch for on the major markets mentioned above:
Nov. Natural Gas:
Pivot 5.72
Support 5.14
Resistance 6.80
Nov. Crude Oil:
Pivot 74.72
Support 74.02
Resistance 79.25
Dec. 30 year bonds:
Pivot 161.12
Support 158.22
Resistance 164.02
Dec. Mini SP500:
Pivot 4437.00
Support 4251.00
Resistance 4540.00
Natural Gas Weekly Chart Cannon Trading

Futures Trading Levels

10-05-2021

Support & Resistance Levels 10.05.2021
Did you know?
Cannon offers over 10 TRADING PLATFORMS CLICK HERE for a demo

Economic Reports, source: 

 www.BetterTrader.co

Better Trader Report 10.05.2021

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 as well as options on futures.

Pay Attention to Energy Futures & Support and Resistance Levels 9.29.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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Pay Attention to Energy Futures

(There’s More to Trading Than the S&P 500, Nasdaq and Dow Jones)
By Mark O’Brien, Senior Broker
Every country in the world depends on energy. For some, energy production is the backbone of their economies. Energy products as a percentage of all that a country exports can be as high as 90% or more. Kuwait, Libia and Iraq are notable examples. For others, energy is a scarce resource within their borders making it necessary to import it. Countries like South Korea, Ireland and Japan import over 80% of their needed energy. Governments, multinational corporations, international consortiums (think OPEC) often vigorously compete for control of energy production and distribution – and the revenue that comes from them. Energy resources have literally fueled wars for their control. Without doubt, oil, its refined products and natural gas are among the world’s most valued commodities.
Not surprisingly, energy futures contracts like crude oil, heating oil, unleaded gas and natural gas are some of the largest futures contracts in the world by volume. The CME Group’s NYMEX Exchange offers trading on some of the energy sector’s benchmark products, including West Texas Intermediate (WTI) Crude, Henry Hub Natural Gas, Brent Crude and RBOB Gasoline.
Like stock index futures, energy futures trade 23 hours a day (5:00 P.M. – 4:00 P.M., Central Time), Sunday through Friday. Both crude oil and natural gas offer mini contracts and crude oil even offers a micro contract.
If you’re trading is solely focused on stock indexes, think about adding energy futures to your watch list and expanding your trading power (pun intended) with energy futures contracts.

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-30-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

Natural Gas Chart 1.24.2018

Posted on by Ilan

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

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Today’s powerful move in the Natural gas market ( primarily in the front month, February) served as a good reminder that many of the physical commodities ( and some of the financial ones as well)  have limit up and limit down moves. When a limit up/down move happens, trading halts for a certain amount of time or until there is a balance between sellers and buyers and we will be happy to share more and explain to you if interested via email or one on one conversation.

the short version of limit up move is: There are only buyers and no sellers at current price levels. The even shorter version is that this can be a very dangerous event to your financial, mental and emotional well being if you are on the wrong side…..

Daily chart of the Natural Gas market for your review below:

Natural Gas (Globex), Equalized Active Daily Continuation Chart

If you like to get a free trial of the indicators/ ALGOS I circled in the chart above, visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

Continue reading “Natural Gas Chart 1.24.2018”

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.