{"id":1629,"date":"2011-06-23T20:31:02","date_gmt":"2011-06-23T20:31:02","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=1629"},"modified":"2014-09-10T22:58:55","modified_gmt":"2014-09-11T06:58:55","slug":"futures-trading-levels-crude-oil-tumbles-in-light-of-opec-and-iea-news","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-crude-oil-tumbles-in-light-of-opec-and-iea-news\/","title":{"rendered":"Futures Trading Levels, Crude Oil Tumbles in Light of OPEC and IEA News"},"content":{"rendered":"<p>Cannon Trading \/ E-Futures.com<\/p>\n<p>Overnight news sent crude oil tumbling&#8230;.I thought it would be interesting to share a weekly chart of Crude Oil futures for your review.<\/p>\n<p>The International Energy Agency will release 60 million barrels of oil from strategic government stockpiles held by industrialized consumer nations in a bid to push down <a href=\"http:\/\/www.foxbusiness.com\/topics\/business\/oil-energy\/oil-prices.htm\" target=\"_blank\" rel=\"noopener\">oil prices<\/a>, the 28-member group announced on <a href=\"http:\/\/www.foxbusiness.com\/markets\/2011\/06\/23\/oil-prices-dive-as-iea-announces-oil-release\/\" target=\"_blank\" rel=\"noopener\">Thursday<\/a>.<\/p>\n<p>The announcement comes after <a href=\"http:\/\/www.foxbusiness.com\/topics\/business\/oil\/energy\/opec.htm\" target=\"_blank\" rel=\"noopener\">OPEC<\/a> failed to raise production at a meeting on June 8 and despite assurances from OPEC&#8217;s biggest producer Saudi Arabia that it would lift supplies unilaterally.<\/p>\n<h2 class=\"blue\">Weekly Crude Oil Futures Chart: June 23rd 2011<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"Weekly Crude Oil Futures Chart\" alt=\"Weekly Crude Oil Futures Chart levels for Wednesday June 23rd, 2011\" src=\"https:\/\/www.cannontrading.com\/daily\/wp-content\/uploads\/SP-20110623.png\" width=\"531\" height=\"589\" \/><\/p>\n<p><!--more-->GOOD TRADING!<\/p>\n<h2 class=\"blue\">TRADING LEVELS!<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"Trading Levels for June 24th, 2011\" alt=\"Commodity Futures trading levels for June 24th, 2011\" src=\"https:\/\/www.cannontrading.com\/daily\/wp-content\/uploads\/futures-20110624.png\" width=\"470\" height=\"262\" \/><\/p>\n<h2 class=\"blue\">Economic Reports Friday June 24th, 2011<\/h2>\n<p>Core Durable Goods Orders m\/m<br \/>\n8:30am USD<\/p>\n<p>Durable Goods Orders m\/m<br \/>\n8:30am USD<\/p>\n<p>Final GDP q\/q<br \/>\n8:30am USD<\/p>\n<p>Final GDP Price Index q\/q<br \/>\n8:30am USD<\/p>\n<p><em>Economics Report Source: <a href=\"http:\/\/www.forexfactory.com\/calendar.php\" target=\"_blank\" rel=\"noopener\">http:\/\/www.forexfactory.com\/calendar.php<\/a><\/em><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.cannontrading.com\/images\/divider-black-190.gif\" title=\"\"><\/p>\n<p>This is not a solicitation of any order to buy or sell, but a current market view provided by <a title=\"Cannon Trading Inc.\" href=\"https:\/\/www.cannontrading.com\/\">Cannon Trading Inc.<\/a> 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!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Trading \/ E-Futures.com Overnight news sent crude oil tumbling&#8230;.I thought it would be interesting to share a weekly chart of Crude Oil futures for your review. The International Energy Agency will release 60 million barrels of oil from strategic government stockpiles held by industrialized consumer nations in a bid to push down oil prices, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,61],"tags":[357,16,144,476,475],"class_list":["post-1629","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-crude-oil-2","tag-futures-trading","tag-futures-trading-levels","tag-iea-news","tag-light-of-opec"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/1629","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=1629"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/1629\/revisions"}],"predecessor-version":[{"id":13567,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/1629\/revisions\/13567"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=1629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=1629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=1629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}