Weekly Newsletter: WTI Crude Futures Trading Challenge + Levels 3.30.2024 - 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.

Weekly Newsletter: WTI Crude Futures Trading Challenge + Levels 3.30.2024

Cannon Futures Weekly Newsletter Issue # 1139

 

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In this issue:

  • Important Notices – WTI Crude Futures Trading Challenge
  • Trading Resource of the Week – Live Breaking News Audio Service
  • Hot Market of the Week – July/November Beans Spread
  • Broker’s Trading System of the Week
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – WTI Futures Trading Challenge

WTI Futures Trading Challenge
March 26-31, 2023
The global benchmark for crude oil is fabulous at 40
Take part in our special Trading Challenge to honor the 40th anniversary of WTI Crude Oil futures. Practice trading in a simulated environment with the most liquid crude oil futures benchmark in the world. Use our established, time-tested market with around-the-clock liquidity and global participation as you get to know our suite of WTI contracts in a risk-free environment that mimics live markets.
Learn why WTI has amassed worldwide interest
Have a gas as you explore WTI futures and simulate trading with the world’s most liquid oil contract. Receive daily education lessons from CME Group’s Owain Johnson, Managing Director of Research and Product Development. Gain valuable experience in a simulated environment while competing for a top spot.
Prizes for eligible participants
The top three finishers for this challenge will earn cash prizes. The top 40 finishers will also receive a complimentary copy of the recent book written by Owain Johnson, titled 40 Classic Crude Oil Trades.
This competition is open to residents in the United States (US), Canada (CA) excluding Quebec, *Brazil (BR), United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), Republic of Korea (KR), Taiwan (TW), and Japan (JP).
*Residents of Brazil must have a bank account in the United States to be eligible to receive a prize.

 

  • Trading Resource of the Week

  • Futures Market Squawk Box Features
  • Up to the second trading information
  • Informative streaming audio for accurate price and volume data
  • Firsthand knowledge that was once only available to floor traders
  • Expertise regarding buyers and sellers and how the market reacts

 

  • Hot Market of the Week – July/Nov Beans Spread

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.
July/Nov Beans Spread: The July November been spread has resumed its rally in a new high. If sustained this move would project a run to the third PriceCount objective to the $1.87 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.
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$5,000
COST
USD 110 / monthly
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.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
  • Trading Levels for Next Week

Daily Levels for March 27th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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

Weekly Levels

 

  • Trading Reports for Next Week

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

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

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Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
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