{"id":17171,"date":"2021-09-29T12:35:33","date_gmt":"2021-09-29T20:35:33","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17171"},"modified":"2021-09-29T12:35:33","modified_gmt":"2021-09-29T20:35:33","slug":"pay-attention-to-energy-futures-support-and-resistance-levels-9-29-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/pay-attention-to-energy-futures-support-and-resistance-levels-9-29-2021\/","title":{"rendered":"Pay Attention to Energy Futures &#038; Support and Resistance Levels 9.29.2021"},"content":{"rendered":"<p>Dear Traders,<\/p>\n<div style=\"text-align: center;\">\n<div>Get Real Time updates and\u00a0more on our private FB group!<\/div>\n<div><a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001KRg6On04gjknOfysn89cEhkyXgAxXigZc1_AdekBblRz4Cwp2yofkpGH8rpms9Q30D0wjhFS1q8yG11pQf1KRy2bpIyH4uwMgzWcI-wb74TdqgA-DQitbpTeoWmib8qwdH8ve86kM_6EWihst10TitotvFRrtw2C0HgnNGJLkXUXb6ec7AaQGNxU6EuLQxHI&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><img decoding=\"async\" class=\"global_separator\" title=\"Separator\" src=\"\/css\/images\/global\/separator_620.png\" alt=\"Separator\" \/><\/div>\n<div style=\"text-align: center;\"><\/div>\n<div style=\"text-align: center;\"><\/div>\n<div style=\"text-align: center;\">\n<div>\n<h1 align=\"center\">Pay Attention to Energy Futures<\/h1>\n<div align=\"center\"><\/div>\n<div align=\"center\">(There\u2019s More to Trading Than the <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-SP-500-Futures\">S&amp;P 500<\/a>, <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-NASDAQ-100-Futures\">Nasdaq<\/a> and <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-Dow-Jones-Futures\">Dow Jones<\/a>)<\/div>\n<div align=\"center\">By Mark O&#8217;Brien, Senior Broker<\/div>\n<div><\/div>\n<div>Every country in the world depends on energy.\u00a0For some, energy production is the backbone of their economies.\u00a0<a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/looking-to-exploit-seasonality-in-the-unleaded-heating-oil-relationship\">Energy products<\/a> as a percentage of all that a country exports can be as high as 90% or more.\u00a0Kuwait, Libia and Iraq are notable examples.\u00a0For others, energy is a scarce resource within their borders making it necessary to import it.\u00a0Countries like South Korea, Ireland and Japan import over 80% of their needed energy.\u00a0Governments, multinational corporations, international consortiums (think OPEC) often vigorously compete for control of energy production and distribution \u2013 and the revenue that comes from them.\u00a0Energy resources have literally fueled wars for their control.\u00a0Without doubt, oil, its refined products and natural gas are among the world\u2019s most valued commodities.<\/div>\n<div><\/div>\n<div>Not surprisingly, energy futures contracts like crude oil, heating oil, unleaded gas and natural gas are some of the largest futures contracts in the world by volume.\u00a0The CME Group\u2019s NYMEX Exchange offers trading on some of the energy sector\u2019s\u00a0benchmark products, including West Texas Intermediate <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/WTI-Light-Sweet-Crude-Oil-Futures\">(WTI) Crude<\/a>, Henry Hub <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/Natural-Gas-Futures\">Natural Gas<\/a>, Brent Crude and <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/RBOB-Gasoline-Futures\">RBOB Gasoline<\/a>.<\/div>\n<div><\/div>\n<div>Like stock index futures, energy futures trade 23 hours a day (5:00 P.M. \u2013 4:00 P.M., Central Time), Sunday through Friday.\u00a0Both crude oil and natural gas offer mini contracts and crude oil even offers a micro contract.<\/div>\n<div><\/div>\n<div>If you\u2019re trading is solely focused on stock indexes, think about adding energy futures to your watch list and expanding your trading power (pun intended) with energy futures contracts.<\/div>\n<\/div>\n<\/div>\n<div style=\"text-align: center;\"><\/div>\n<div><\/div>\n<h3 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><\/h3>\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 when it comes to Futures Trading.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Futures Trading Levels<\/strong><\/h3>\n<p><strong>9-30-2021<\/strong><\/p>\n<div style=\"text-align: left;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/d323de9c-4a2f-4882-8e67-d197e6a01784.png\" alt=\"\" title=\"\"><\/div>\n<h3><\/h3>\n<h3><strong>Economic Reports, source:\u00a0<\/strong><\/h3>\n<p><a href=\"https:\/\/www.forexfactory.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-segment-action=\"add\" data-segment-id=\"436d64a0-dd7d-11e3-91c2-d4ae529a8639\">\u00a0<\/a><a href=\"https:\/\/www.bettertrader.co\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.BetterTrader.co<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/91a3db9f-880d-4f5f-9f8a-ebd2326e9b30.png\" alt=\"\" title=\"\"><\/p>\n<p>This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. Any statement of facts here in 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 judgement in trading as well as options on futures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear Traders, Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Pay Attention to Energy Futures (There\u2019s More to Trading Than the S&amp;P 500, Nasdaq and Dow Jones) By Mark O&#8217;Brien, Senior Broker Every country in the world depends on energy.\u00a0For some, energy production is the backbone of their economies.\u00a0Energy products as a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,67],"tags":[1338,357,51,1238,1257],"class_list":["post-17171","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-future-trading-news","tag-brent-crude","tag-crude-oil-2","tag-crude-oil-futures","tag-natural-gas","tag-natural-gas-market"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17171","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=17171"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17171\/revisions"}],"predecessor-version":[{"id":17172,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17171\/revisions\/17172"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}