{"id":14595,"date":"2018-11-15T13:26:46","date_gmt":"2018-11-15T21:26:46","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14595"},"modified":"2018-11-15T13:26:46","modified_gmt":"2018-11-15T21:26:46","slug":"natural-gas-perspective-support-resistance-levels-11-16-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/natural-gas-perspective-support-resistance-levels-11-16-2018\/","title":{"rendered":"Natural Gas Perspective & Support & Resistance Levels 11.16.2018"},"content":{"rendered":"

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Natural Gas???<\/div>\n
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While most traders focus on markets like mini SP, mini NASDAQ, Crude oil and Gold, others may trade across the board in different markets including Natural Gas.<\/div>\n
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The last few days we witnessed some of the strongest volatility I have seen in ANY market for a while.<\/div>\n
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Here is a 60 minute chart of Natural Gas from the last 3 days, “picture is worth a 1000 words”…..I also circled the dollar value of the move per one contract!!<\/div>\n
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As far as explanation, nothing I can feel confident in as far as reasoning…but here is one source:, SeekingAlpha.com<\/div>\n
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Natural gas -13%, correcting following recent run-up<\/div>\n
Nov. 15, 2018 10:58 AM ET|By:\u00a0Carl Surran<\/a>, SA News Editor<\/div>\n
Cold weather in much of the U.S.<\/a>\u00a0lifts spot natural gas prices to their highest since January in several regions, while natural gas futures\u00a0-13%\u00a0to $4.18\/MMBtu as investors took profits after rallying to the\u00a0highest levels in nearly four years<\/a>.<\/div>\n
Prices were little changed by today’s\u00a0EIA data<\/a>\u00a0showing U.S. supplies rising by 39B cf for the week ended Nov. 9.<\/div>\n
Futures traders say the cold weather will force utilities to start withdrawing gas from storage caverns that already are well below normal for this time of year, prompting concerns of possible gas shortages in some parts of the U.S. later this winter.<\/div>\n
Meanwhile, next-day prices rose to their highest since January at the Henry Hub benchmark in Louisiana, Dominion South in Pennsylvania and Chicago citygate.<\/div>\n
Gas-focused equities are mixed:\u00a0CHK<\/a>\u00a0+1.1%,\u00a0AR<\/a>\u00a0+0.7%,\u00a0EQT<\/a>\u00a0+0.1%,\u00a0GPOR<\/a>-0.2%,\u00a0COG<\/a>\u00a0-1.3%,\u00a0RRC<\/a>\u00a0-1.8%,\u00a0SWN<\/a>\u00a0-2%.<\/div>\n
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Bottom Line is, regardless if you are an option seller, a swing trader, day trader and anything in between – ALWAYS have a money a management exit strategy or you can really get caught in a bad situation.<\/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

11-16-2018<\/p>\n

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

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

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 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:24pm<\/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 16<\/span><\/td>\n<\/a>\u00a02:00am<\/span><\/td>\nEUR<\/td>\n\n
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German WPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:30am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
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ECB President Draghi Speaks<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n\n
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Final CPI y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n2.2%<\/td>\n2.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n\n
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Final Core CPI y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.1%<\/td>\n1.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nEUR<\/td>\n\n
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Italian Trade Balance<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n2.87B<\/td>\n2.56B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:00am<\/td>\nEUR<\/td>\n\n
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German Buba President Weidmann Speaks<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:15am<\/td>\nUSD<\/td>\n\n
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Capacity Utilization Rate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n78.3%<\/td>\n78.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
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Industrial Production m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:30am<\/td>\nGBP<\/td>\n\n
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CB Leading Index m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00pm<\/td>\nUSD<\/td>\n\n
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TIC Long-Term Purchases<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n46.2B<\/td>\n131.8B<\/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,silence4991@gmail.com Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Natural Gas??? While most traders focus on markets like mini SP, mini NASDAQ, Crude oil and Gold, others may trade across the board in different markets including Natural Gas. […]<\/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-14595","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\/14595","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=14595"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14595\/revisions"}],"predecessor-version":[{"id":14598,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14595\/revisions\/14598"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}