{"id":14172,"date":"2018-04-17T12:22:36","date_gmt":"2018-04-17T20:22:36","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14172"},"modified":"2018-04-20T03:16:43","modified_gmt":"2018-04-20T11:16:43","slug":"day-trading-crude-oil-futures-levels-4-18-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/day-trading-crude-oil-futures-levels-4-18-2018\/","title":{"rendered":"Day Trading Crude Oil Futures & Levels 4-18-2018"},"content":{"rendered":"

____________________________________________________________________<\/em><\/strong><\/p>\n

Voted #1 Blog and #1 Brokerage Services on\u00a0\u00a0TraderPlanet\u00a0 \u00a0for 2016!!<\/em><\/strong><\/p>\n

____________________________________________________________________<\/em><\/strong><\/p>\n

Dear Traders,<\/strong><\/p>\n

With the energy numbers coming out tomorrow, which impact crude oil quite a bit, I thought it would be a good time to share this article I wrote once again:<\/p>\n

Crude Oil Futures volatility offers a “different market personality” than stock index futures. Here is some of the things you need to know about day trading crude oil futures:<\/strong>
\nBy: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP<\/p>\n

Crude Oil is one of MY favorite\u00a0futures market\u00a0for 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\u00a0Crude Oil Futures.<\/p>\n

Crude Oil Futures\u00a0have 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.<\/p>\n

<\/p>\n

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.<\/div>\n

Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.<\/p>\n

\"Find<\/a><\/p>\n

Good Trading!<\/strong><\/p>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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.<\/p>\n

Futures Trading Levels<\/strong><\/p>\n

4-17-2018<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract June 2018<\/td>\n\u00a0SP500 #ES_F<\/td>\nNasdaq100\u00a0 #NQ_F<\/td>\nDow Jones\u00a0 #YM_F<\/td>\nMini Russell #RTY_F<\/td>\nBitCoin Index #XBT_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2755.75<\/td>\n7028.08<\/td>\n25152<\/td>\n1613.53<\/td>\n8404.83<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2734.75<\/td>\n6936.42<\/td>\n24990<\/td>\n1600.27<\/td>\n8283.07<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2720.75<\/td>\n6881.83<\/td>\n24875<\/td>\n1591.73<\/td>\n8066.58<\/td>\n<\/tr>\n
Pivot<\/td>\n2699.75<\/td>\n6790.17<\/td>\n24713<\/td>\n1578.47<\/td>\n7944.82<\/td>\n<\/tr>\n
Support 1<\/td>\n2685.75<\/td>\n6735.58<\/td>\n24598<\/td>\n1569.93<\/td>\n7728.33<\/td>\n<\/tr>\n
Support 2<\/td>\n2664.75<\/td>\n6643.92<\/td>\n24436<\/td>\n1556.67<\/td>\n7606.57<\/td>\n<\/tr>\n
Support 3<\/td>\n2650.75<\/td>\n6589.33<\/td>\n24321<\/td>\n1548.13<\/td>\n7390.08<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold #GC_F<\/td>\nMay Silver #SI-F<\/td>\nMay Crude Oil #CL-F<\/td>\nJune\u00a0 Bonds\u00a0 #ZB_F<\/td>\nJune\u00a0 Euro #6E_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1366.9<\/td>\n17.09<\/td>\n68.15<\/td>\n146 24\/32<\/td>\n1.2546<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1359.5<\/td>\n16.95<\/td>\n67.45<\/td>\n146 13\/32<\/td>\n1.2507<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1354.9<\/td>\n16.86<\/td>\n66.96<\/td>\n146\u00a0 3\/32<\/td>\n1.2467<\/td>\n<\/tr>\n
Pivot<\/td>\n1347.5<\/td>\n16.72<\/td>\n66.26<\/td>\n145 24\/32<\/td>\n1.2429<\/td>\n<\/tr>\n
Support 1<\/td>\n1342.9<\/td>\n16.63<\/td>\n65.77<\/td>\n145 14\/32<\/td>\n1.2389<\/td>\n<\/tr>\n
Support 2<\/td>\n1335.5<\/td>\n16.49<\/td>\n65.07<\/td>\n145\u00a0 3\/32<\/td>\n1.2350<\/td>\n<\/tr>\n
Support 3<\/td>\n1330.9<\/td>\n16.40<\/td>\n64.58<\/td>\n144 25\/32<\/td>\n1.2310<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMay\u00a0 Corn #ZC_F<\/td>\nMay Wheat #ZW_F<\/td>\nMay Beans #ZS_F<\/td>\nMay SoyMeal #ZM_F<\/td>\nMay Nat Gas #NG_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n387.2<\/td>\n480.1<\/td>\n1057.33<\/td>\n387.03<\/td>\n2.81<\/td>\n<\/tr>\n
Resistance 2<\/td>\n385.6<\/td>\n475.4<\/td>\n1052.67<\/td>\n384.37<\/td>\n2.79<\/td>\n<\/tr>\n
Resistance 1<\/td>\n382.9<\/td>\n470.8<\/td>\n1049.33<\/td>\n382.73<\/td>\n2.76<\/td>\n<\/tr>\n
Pivot<\/td>\n381.3<\/td>\n466.2<\/td>\n1044.67<\/td>\n380.07<\/td>\n2.74<\/td>\n<\/tr>\n
Support 1<\/td>\n378.7<\/td>\n461.6<\/td>\n1041.3<\/td>\n378.4<\/td>\n2.7<\/td>\n<\/tr>\n
Support 2<\/td>\n377.1<\/td>\n456.9<\/td>\n1036.67<\/td>\n375.77<\/td>\n2.69<\/td>\n<\/tr>\n
Support 3<\/td>\n374.4<\/td>\n452.3<\/td>\n1033.33<\/td>\n374.13<\/td>\n2.66<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:<\/strong>\u00a0<\/strong><\/p>\n

http:\/\/app.bettertrader.co\u00a0<\/a><\/p>\n

\"Economic<\/p>\n

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\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0\u00a0TraderPlanet\u00a0 \u00a0for 2016!! ____________________________________________________________________ Dear Traders, With the energy numbers coming out tomorrow, which impact crude oil quite a bit, I thought it would be a good time to share this article I wrote once again: Crude Oil Futures volatility offers a “different market personality” than stock […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,230,67],"tags":[51,18,962],"class_list":["post-14172","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-day-trading-2","category-future-trading-news","tag-crude-oil-futures","tag-day-trading","tag-day-trading-crude-oil-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=14172"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14172\/revisions"}],"predecessor-version":[{"id":14186,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14172\/revisions\/14186"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}