{"id":14605,"date":"2018-11-19T13:19:05","date_gmt":"2018-11-19T21:19:05","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14605"},"modified":"2018-11-19T13:19:05","modified_gmt":"2018-11-19T21:19:05","slug":"crude-oil-support-resistance-levels-11-20-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude-oil-support-resistance-levels-11-20-2018\/","title":{"rendered":"Crude Oil &#038; Support &#038; Resistance Levels 11.20.2018"},"content":{"rendered":"<p><em><b><span style=\"font-family: 'Georgia',serif; color: #333333;\">____________________________________________________________________<\/span><\/b><\/em><\/p>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><em><b><span style=\"font-family: 'Georgia',serif; color: #333333;\">Voted #1 Blog and #1 Brokerage Services on\u00a0<a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001U36v1hvtg4O6nrUU85R1W6sfGPKX0ynnFA_D82LpdwBdzw7hFFBsXcDEWOPaVpkBRhG4iwIIEW8dl5sm-Zy6FHhgwdfYQHIB3uhsIL_ukid7tjqwraQ_BoF0xII0Paftq6h0c0xvDjjkGFYQaQXS_PzGm2ZRdaCn-W0INLJ9pmxzYrJ3TUyLrKnbAV5ra33oeleZTVoQEDQ=&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener\">TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/span><\/b><\/em><\/p>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><em><b><span style=\"font-family: 'Georgia',serif; color: #333333;\">____________________________________________________________________<\/span><\/b><\/em><\/p>\n<p>Dear Traders,silence4991@gmail.com<\/p>\n<div align=\"left\">\n<div align=\"center\">\n<div align=\"center\">Like us on FaceBook!<\/div>\n<div align=\"center\"><a href=\"http:\/\/www.facebook.com\/CannonTrading\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">www.facebook.com\/CannonTrading<\/a><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">Get Real Time updates and\u00a0<a href=\"https:\/\/twitter.com\/CannonTrading\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">market alerts on Twitter!<\/a><\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<div>Good article on crude oil and the energy markets from bloomberg.com.<\/div>\n<div><\/div>\n<div>The Oil Price Is Now Controlled By Just Three Men<\/div>\n<div>Bin Salman, Trump and Putin are calling the market shots. The prince may struggle to defend output cuts against a hostile Trump and\u00a0indifferent Putin.<\/div>\n<div><\/div>\n<div>OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men \u2014 Presidents Donald Trump and Vladimir Putin and\u00a0Crown Prince Mohammed Bin Salman \u2014\u00a0will determine the course of oil prices in 2019 and beyond.\u00a0But of course\u00a0they\u00a0each want different things.<\/div>\n<div>While\u00a0<a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2018-09-23\/opec-like-a-dying-star-is-about-to-go-supernova\" target=\"_blank\" rel=\"noopener\">OPEC struggles to find common purpose<\/a>, the U.S., Russia and Saudi Arabia dominate global supply. Together they produce more oil than the 15 members\u00a0of OPEC. All three are pumping at record rates and each could raise output again next year,\u00a0although they may not all choose to do so.<\/div>\n<div align=\"left\">Big Beasts<\/div>\n<div align=\"left\">Whether oil output from the Big 3 continues to outstrip OPEC will depend on the words and actions of Trump, Putin and Bin Salman<\/div>\n<div><\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2018-11-18\/bin-salman-trump-and-putin-control-the-oil-price-now\" target=\"_blank\" rel=\"noopener\">Read the rest of the article<\/a><\/div>\n<\/div>\n<div>\n<div style=\"text-align: left;\" align=\"center\">\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><img decoding=\"async\" src=\"http:\/\/files.constantcontact.com\/3dc00ef7001\/49378270-acb1-4700-a7df-fdfb89e7cf7b.gif\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div><\/div>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><strong>Good Trading<\/strong><\/p>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\">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<p><strong>Futures Trading Levels<\/strong><\/p>\n<p>11-20-2018<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/files.constantcontact.com\/3dc00ef7001\/76c58bab-7a84-45c3-82f5-dc03f74314e3.gif\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.forexfactory.com\" target=\"_blank\" rel=\"noopener\"><br \/>\n<\/a><strong>Economic Reports, source:\u00a0<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexfactory.com\" target=\"_blank\" rel=\"noopener\">www.forexfactory.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<table class=\"calendar__table\">\n<thead>\n<tr class=\"calendar__header--desktop subhead\">\n<th class=\"calendar__date\">Date<\/th>\n<th class=\"calendar__time\"><a title=\"Time Options\" href=\"https:\/\/www.forexfactory.com\/timezone.php\" target=\"_blank\" rel=\"noopener\">4:03pm<\/a><\/th>\n<th class=\"calendar__currency\">Currency<\/th>\n<th class=\"calendar__impact\">Impact<\/th>\n<th class=\"calendar__event\"><\/th>\n<th class=\"calendar__detail\">Detail<\/th>\n<th class=\"calendar__actual\">Actual<\/th>\n<th class=\"calendar__forecast\">Forecast<\/th>\n<th class=\"calendar__previous\">Previous<\/th>\n<th class=\"calendar__graph\">Graph<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"calendar__borderfix borderfix\">\n<td><\/td>\n<\/tr>\n<tr class=\"calendar__row calendar_row calendar__row--new-day newday\" data-eventid=\"92819\" data-touchable=\"\">\n<td class=\"calendar__cell calendar__date date\"><span class=\"date\">TueNov 20<\/span><\/td>\n<td class=\"calendar__cell calendar__time time\"><a class=\"anchor abs\" name=\"upnext\"><\/a>\u00a0<span class=\"upnext\">2:00am<\/span><\/td>\n<td class=\"calendar__cell calendar__currency currency \" title=\"\">EUR<\/td>\n<td class=\"calendar__cell calendar__impact impact calendar__impact calendar__impact--low\">\n<div class=\"calendar__impact-icon calendar__impact-icon--screen\"><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__event event\">\n<div><span class=\"calendar__event-title\">German PPI m\/m<\/span><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__detail detail\"><\/td>\n<td class=\"calendar__cell calendar__actual actual\"><\/td>\n<td class=\"calendar__cell calendar__forecast forecast\">0.3%<\/td>\n<td class=\"calendar__cell calendar__previous previous\">0.5%<\/td>\n<td class=\"calendar__cell calendar__graph graph\"><\/td>\n<\/tr>\n<tr class=\"calendar__row calendar_row\" data-eventid=\"97947\" data-touchable=\"\">\n<td class=\"calendar__cell calendar__date date\"><\/td>\n<td class=\"calendar__cell calendar__time time\">Tentative<\/td>\n<td class=\"calendar__cell calendar__currency currency \" title=\"\">All<\/td>\n<td class=\"calendar__cell calendar__impact impact calendar__impact calendar__impact--medium\">\n<div class=\"calendar__impact-icon calendar__impact-icon--screen\"><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__event event\">\n<div><span class=\"calendar__event-title\">OPEC-JMMC Meetings<\/span><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__detail detail\"><\/td>\n<td class=\"calendar__cell calendar__actual actual\"><\/td>\n<td class=\"calendar__cell calendar__forecast forecast\"><\/td>\n<td class=\"calendar__cell calendar__previous previous\"><\/td>\n<td class=\"calendar__cell calendar__graph graph\"><\/td>\n<\/tr>\n<tr class=\"calendar__row calendar_row\" data-eventid=\"89927\" data-touchable=\"\">\n<td class=\"calendar__cell calendar__date date\"><\/td>\n<td class=\"calendar__cell calendar__time time\">5:00am<\/td>\n<td class=\"calendar__cell calendar__currency currency \" title=\"\">GBP<\/td>\n<td class=\"calendar__cell calendar__impact impact calendar__impact calendar__impact--high\">\n<div class=\"calendar__impact-icon calendar__impact-icon--screen\"><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__event event\">\n<div><span class=\"calendar__event-title\">Inflation Report Hearings<\/span><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__detail detail\"><\/td>\n<td class=\"calendar__cell calendar__actual actual\"><\/td>\n<td class=\"calendar__cell calendar__forecast forecast\"><\/td>\n<td class=\"calendar__cell calendar__previous previous\"><\/td>\n<td class=\"calendar__cell calendar__graph graph\"><\/td>\n<\/tr>\n<tr class=\"calendar__row calendar_row\" data-eventid=\"93418\" data-touchable=\"\">\n<td class=\"calendar__cell calendar__date date\"><\/td>\n<td class=\"calendar__cell calendar__time time\">All Day<\/td>\n<td class=\"calendar__cell calendar__currency currency \" title=\"\">EUR<\/td>\n<td class=\"calendar__cell calendar__impact impact calendar__impact calendar__impact--low\">\n<div class=\"calendar__impact-icon calendar__impact-icon--screen\"><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__event event\">\n<div><span class=\"calendar__event-title\">ECOFIN Meetings<\/span><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__detail detail\"><\/td>\n<td class=\"calendar__cell calendar__actual actual\"><\/td>\n<td class=\"calendar__cell calendar__forecast forecast\"><\/td>\n<td class=\"calendar__cell calendar__previous previous\"><\/td>\n<td class=\"calendar__cell calendar__graph graph\"><\/td>\n<\/tr>\n<tr class=\"calendar__row calendar_row\" data-eventid=\"88107\" data-touchable=\"\">\n<td class=\"calendar__cell calendar__date date\"><\/td>\n<td class=\"calendar__cell calendar__time time\">6:00am<\/td>\n<td class=\"calendar__cell calendar__currency currency \" title=\"\">GBP<\/td>\n<td class=\"calendar__cell calendar__impact impact calendar__impact calendar__impact--low\">\n<div class=\"calendar__impact-icon calendar__impact-icon--screen\"><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__event event\">\n<div><span class=\"calendar__event-title\">CBI Industrial Order Expectations<\/span><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__detail detail\"><\/td>\n<td class=\"calendar__cell calendar__actual actual\"><\/td>\n<td class=\"calendar__cell calendar__forecast forecast\">-6<\/td>\n<td class=\"calendar__cell calendar__previous previous\">-6<\/td>\n<td class=\"calendar__cell calendar__graph graph\"><\/td>\n<\/tr>\n<tr class=\"calendar__row calendar_row\" data-eventid=\"87331\" data-touchable=\"\">\n<td class=\"calendar__cell calendar__date date\"><\/td>\n<td class=\"calendar__cell calendar__time time\">8:30am<\/td>\n<td class=\"calendar__cell calendar__currency currency \" title=\"\">USD<\/td>\n<td class=\"calendar__cell calendar__impact impact calendar__impact calendar__impact--medium\">\n<div class=\"calendar__impact-icon calendar__impact-icon--screen\"><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__event event\">\n<div><span class=\"calendar__event-title\">Building Permits<\/span><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__detail detail\"><\/td>\n<td class=\"calendar__cell calendar__actual actual\"><\/td>\n<td class=\"calendar__cell calendar__forecast forecast\">1.26M<\/td>\n<td class=\"calendar__cell calendar__previous previous\">1.24M<\/td>\n<td class=\"calendar__cell calendar__graph graph\"><\/td>\n<\/tr>\n<tr class=\"calendar__row calendar_row calendar__row--no-grid nogrid\" data-eventid=\"87330\" data-touchable=\"\">\n<td class=\"calendar__cell calendar__date date\"><\/td>\n<td class=\"calendar__cell calendar__time time\"><\/td>\n<td class=\"calendar__cell calendar__currency currency \" title=\"\">USD<\/td>\n<td class=\"calendar__cell calendar__impact impact calendar__impact calendar__impact--medium\">\n<div class=\"calendar__impact-icon calendar__impact-icon--screen\"><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__event event\">\n<div><span class=\"calendar__event-title\">Housing Starts<\/span><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__detail detail\"><\/td>\n<td class=\"calendar__cell calendar__actual actual\"><\/td>\n<td class=\"calendar__cell calendar__forecast forecast\">1.23M<\/td>\n<td class=\"calendar__cell calendar__previous previous\">1.20M<\/td>\n<td class=\"calendar__cell calendar__graph graph\"><\/td>\n<\/tr>\n<tr class=\"calendar__row calendar_row\" data-eventid=\"104601\" data-touchable=\"\">\n<td class=\"calendar__cell calendar__date date\"><\/td>\n<td class=\"calendar__cell calendar__time time\">10:00am<\/td>\n<td class=\"calendar__cell calendar__currency currency \" title=\"\">EUR<\/td>\n<td class=\"calendar__cell calendar__impact impact calendar__impact calendar__impact--medium\">\n<div class=\"calendar__impact-icon calendar__impact-icon--screen\"><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__event event\">\n<div><span class=\"calendar__event-title\">German Buba President Weidmann Speaks<\/span><\/div>\n<\/td>\n<td class=\"calendar__cell calendar__detail detail\"><\/td>\n<td class=\"calendar__cell calendar__actual actual\"><\/td>\n<td class=\"calendar__cell calendar__forecast forecast\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>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":"<p>____________________________________________________________________ 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! Good article on crude oil and the energy markets from bloomberg.com. The Oil Price Is Now Controlled By Just Three Men Bin Salman, Trump and Putin are calling the [&hellip;]<\/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-14605","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\/14605","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=14605"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14605\/revisions"}],"predecessor-version":[{"id":14606,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14605\/revisions\/14606"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}