{"id":14586,"date":"2018-11-08T13:12:44","date_gmt":"2018-11-08T21:12:44","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14586"},"modified":"2018-11-08T13:12:44","modified_gmt":"2018-11-08T21:12:44","slug":"crude-oil-insight-support-resistance-levels-11-09-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude-oil-insight-support-resistance-levels-11-09-2018\/","title":{"rendered":"Crude Oil Insight & Support & Resistance Levels 11.09.2018"},"content":{"rendered":"

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Our own\u00a0John Thorpe, on the big drop in the energy sector:<\/div>\n
<\/div>\n
https:\/\/www.upi.com\/Crude-oil-prices-turn-lower-in-volatile-mid-morning-trading\/1331541605267\/<\/a><\/div>\n
<\/div>\n
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“Traders began focusing on defending the Bear Line in the sand at $61.20 per barrel,” John Thorpe, a commodity broker at Cannon Trading, told UPI.<\/div>\n
“The EIA sees 2018 domestic crude production at 10.9 million barrels per day, up 1.5 percent from the October forecast. It also lifted its 2019 view on output by 2.6 percent to 12.06 million barrels a day,” he added, referring to a report issued Tuesday that was having an impact in the market.<\/div>\n
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“The expectations for lower prices yet further, increase the argument for crude entering into a bear market,” he said.<\/div>\n
With prices seeing declines, there was speculation that producer nations may resort to production cuts. According to the OPEC website, the organization has its 175th ordinary meeting scheduled for Dec. 6 in Vienna.<\/div>\n
Representatives of some nations will meet on November 12-15 on the framework of ADIPEC, the\u00a0Abu Dhabi<\/a>\u00a0International Petroleum Exhibition and Conference<\/div>\n
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If you like to set up a trader evaluation with John or any of our professional brokers to review your trading, platforms or chat markets in general, fill out your\u00a0Trader’s Profile<\/a>.<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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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

11-09-2018<\/p>\n

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

www.forexfactory.com<\/a><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:01pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
FriNov 9<\/span><\/td>\n<\/a>\u00a02:45am<\/span><\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
\n
French Industrial Production m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.3%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
GDP m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.1%<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
Manufacturing Production m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.1%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
Prelim GDP q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.6%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
Prelim Business Investment q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n-0.7%<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
Construction Output m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n-0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
Goods Trade Balance<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-11.4B<\/td>\n-11.2B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
Index of Services 3m\/3m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.5%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
Industrial Production m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.1%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
NIESR GDP Estimate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
PPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
Core PPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
Final Wholesale Inventories m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:05am<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
FOMC Member Quarles Speaks<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
Prelim UoM Consumer Sentiment<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n98.0<\/td>\n98.6<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
Prelim UoM Inflation Expectations<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n2.9%<\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Our own\u00a0John Thorpe, on the big drop in the energy sector: https:\/\/www.upi.com\/Crude-oil-prices-turn-lower-in-volatile-mid-morning-trading\/1331541605267\/ “Traders began focusing on defending the Bear Line in the sand at $61.20 per barrel,” John Thorpe, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-14586","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14586","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=14586"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14586\/revisions"}],"predecessor-version":[{"id":14587,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14586\/revisions\/14587"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}