Trading Crude Oil Futures & Support and Resistance Levels 8.19.2020 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Trading Crude Oil Futures & Support and Resistance Levels 8.19.2020


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An old one but good one…I recorded this video on trading crude oil a few years back ( as you will be able to see from the prices of the contract….) nevertheless, some good basic set ups on day trading markets affected by what I call “fear and greed”.
Talking about Crude Oil – Heads up, front month is now October V.
On a different note, here are some markets I follow along with possible direction:
October Crude Oil upside pressure above 43.40
Nov. Soybeans upside pressure above 9.180
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You can watch the video by clicking on this link:

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.


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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.

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