{"id":18348,"date":"2023-03-24T12:21:29","date_gmt":"2023-03-24T20:21:29","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18348"},"modified":"2023-03-24T12:21:29","modified_gmt":"2023-03-24T20:21:29","slug":"weekly-newsletter-wti-crude-futures-trading-challenge-levels-3-30-2024","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-wti-crude-futures-trading-challenge-levels-3-30-2024\/","title":{"rendered":"Weekly Newsletter: WTI Crude Futures Trading Challenge + Levels 3.30.2024"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1139<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p>Join our\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener noreferrer\">private Facebook group\u00a0<\/a>for additional insight into trading and the futures markets!<\/p>\n<div>\n<h3>In this issue:<\/h3>\n<ul>\n<li>Important Notices &#8211;\u00a0<a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/WTI-Light-Sweet-Crude-Oil-Futures\">WTI Crude Futures<\/a> Trading Challenge<\/li>\n<li>Trading Resource of the Week &#8211;\u00a0Live Breaking News Audio Service<\/li>\n<li>Hot Market of the Week &#8211;\u00a0July\/November Beans Spread<\/li>\n<li>Broker&#8217;s Trading System of the Week<\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<\/div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Important Notices &#8211;\u00a0WTI Futures Trading Challenge<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div>\n<div align=\"center\">WTI Futures Trading Challenge<\/div>\n<div align=\"center\">March 26-31, 2023<\/div>\n<div align=\"center\">The global benchmark for crude oil is fabulous at 40<\/div>\n<div><\/div>\n<div>Take part in our special\u00a0<a href=\"https:\/\/www.cmegroup.com\/futures_challenge\/challenges\/777\/landing?challenge_sponsored_broker=CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\">Trading Challenge<\/a>\u00a0to honor the 40th anniversary of <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/WTI-Light-Sweet-Crude-Oil-Futures\">WTI Crude Oil futures<\/a>. Practice trading in a simulated environment with the most liquid\u00a0crude oil futures benchmark in the world. Use our established, time-tested market with around-the-clock liquidity and global participation as you get to know our suite of WTI contracts in a risk-free environment that mimics live markets.<\/div>\n<div>Learn why WTI has amassed worldwide interest<\/div>\n<div><\/div>\n<div>Have a gas as you explore WTI futures and simulate trading with the world\u2019s most liquid oil contract. Receive daily education lessons from CME Group&#8217;s Owain Johnson, Managing Director of Research and Product Development.\u00a0Gain valuable experience in a\u00a0<strong><a href=\"https:\/\/www.cmegroup.com\/futures_challenge\/challenges\/777\/landing?challenge_sponsored_broker=CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\">simulated environment while competing for a top spot.<\/a><\/strong><\/div>\n<div><\/div>\n<div>Prizes for eligible participants<\/div>\n<div>The top three finishers for this challenge will earn\u00a0cash prizes. The top 40 finishers will also receive a complimentary copy of the recent book written by Owain Johnson, titled\u00a040 Classic Crude Oil Trades.<\/div>\n<div><\/div>\n<div>This competition is open to residents in the United States (US), Canada (CA) excluding Quebec, *Brazil (BR), United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), Republic of Korea (KR), Taiwan (TW), and Japan (JP).<\/div>\n<div><\/div>\n<div>*Residents of Brazil must have a bank account in the United States to be eligible to receive a prize.<\/div>\n<div><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cmegroup.com\/futures_challenge\/challenges\/777\/landing?challenge_sponsored_broker=CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\">SIGN UP HERE FOR FREE<\/a><\/div>\n<\/div>\n<div><\/div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><strong>Trading Resource of the Week<\/strong><\/h3>\n<\/li>\n<li>Futures Market Squawk Box Features<\/li>\n<\/ul>\n<div>\n<div align=\"justify\">\n<div align=\"justify\"><\/div>\n<div align=\"justify\">\n<ul>\n<li>Up to the second trading information<\/li>\n<li>Informative streaming audio for accurate price and volume data<\/li>\n<li>Firsthand knowledge that was once only available to floor traders<\/li>\n<li>Expertise regarding buyers and sellers and how the market reacts<\/li>\n<\/ul>\n<div><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/live-sp-pit-audio-feed\" target=\"_blank\" rel=\"noopener noreferrer\">FREE TRIAL<\/a><\/div>\n<\/div>\n<div align=\"justify\"><\/div>\n<\/div>\n<\/div>\n<div>\n<div align=\"center\"><\/div>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Hot Market of the Week &#8211; July\/Nov <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/grains\/Soybeans-Futures\">Beans<\/a> Spread<\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div>\n<div>\n<div>Hot market of the week is provided by QT Market Center,\u00a0A swiss army knife charting package that&#8217;s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/software\/qt-market-center\" target=\"_blank\" rel=\"noopener noreferrer\">FREE TRIAL AVAILABLE<\/a><\/div>\n<\/div>\n<div><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<div align=\"center\">July\/Nov <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/grains\/Soybeans-Futures\">Beans<\/a> Spread: The July November been spread has resumed its rally in a new high. If sustained this move would project a run to the third PriceCount objective to the $1.87 area<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">PriceCounts &#8211; Not about where we&#8217;ve been , but where we might be going next!<\/div>\n<div align=\"center\">\n<div class=\"mceTemp\"><\/div>\n<\/div>\n<div align=\"center\">\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/bd9b466a-122c-41b3-8996-0e4132606460.jpg\" alt=\"\" title=\"\"><\/div>\n<\/div>\n<div><\/div>\n<div>\n<div>The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at\u00a0<a href=\"http:\/\/www.qtchartoftheday.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.qtchartoftheday.com<\/a><\/div>\n<div><\/div>\n<div>Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.<\/div>\n<\/div>\n<div style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3b644da2-2bee-4d39-8d98-5208a20bec39.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<ul>\n<li>\n<h3><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=23854\" target=\"_blank\" rel=\"noopener\">Broker&#8217;s Trading System of the Week<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div>\n<div>With\u00a0algorithmic\u00a0trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker&#8217;s choice for this month.<\/div>\n<div><\/div>\n<div>\n<div>\n<div><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=24833\" target=\"_blank\" rel=\"noopener\">Pluton Mini Russel Eugen Intraday<\/a><\/div>\n<div><\/div>\n<div><strong>PRODUCT<\/strong><\/div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-Russell-2000-Futures\"><strong>Mini Russell<\/strong><\/a><\/div>\n<div><\/div>\n<div><strong>SYSTEM TYPE<\/strong><\/div>\n<div>Intraday<\/div>\n<div><\/div>\n<div>Recommended Cannon Trading Starting Capital<\/div>\n<div>$5,000<\/div>\n<div><\/div>\n<div><strong>COST<\/strong><\/div>\n<div>USD 110 \/ monthly<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=24833\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here for Full Performance and Details<\/a><\/div>\n<div><\/div>\n<div><\/div>\n<div><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=24833\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/89b8ceaa-897c-4f6c-89c3-4d0aeb5064be.jpg\" alt=\"\" title=\"\"><\/a><\/div>\n<div>The performance shown above is hypothetical in that the chart represents returns in a model account. The model\u00a0account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant\u00a0to the listed system\u2019s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available \u2013\u00a0by the hypothetical single contract profit and loss of trades generated by the system\u2019s trading signals on that day in\u00a0real time (real\u2010time) less slippage, or if no real time profit or loss available \u2013 by the hypothetical single contract profit\u00a0and loss of trades generated by running the system logic backwards on back adjusted data.\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/isystems-automated-trading-platform\" target=\"_blank\" rel=\"noopener noreferrer\">Please read full disclaimer HERE.<\/a><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<div>\n<div>Sign Up for a<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0Free Personalized Consultation<\/a>\u00a0with a Broker from Cannon Trading Company<\/div>\n<div>Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary,\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">confidential consultation<\/a>\u00a0with a Cannon Trading Company series 3 broker.<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<ul>\n<li>\n<h3>Trading Levels for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div style=\"text-align: left;\" align=\"center\"><strong>Daily Levels for March 27th, 2022<\/strong><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<figure style=\"width: 611px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/5f1e9e9e-4d23-447e-9794-2ea263f6c251.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"611\" height=\"744\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<p style=\"text-align: left;\"><strong>Weekly Levels<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/867b5377-4c3b-4788-979a-1cb8eda428f6.jpg\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Trading Reports for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div><strong>First Notice (FN), Last trading (LT) Days for the Week:<\/strong><\/div>\n<div style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/www.mrci.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.mrci.com\u00a0<\/a><\/div>\n<div class=\"pagearrange__layout-row full\" style=\"text-align: left;\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\">\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3089bddf-886f-43c0-aa44-7b366b8c7860.jpg\" alt=\"\" title=\"\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p style=\"text-align: left;\">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 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 Futures Weekly Newsletter Issue # 1139 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! In this issue: Important Notices &#8211;\u00a0WTI Crude Futures Trading Challenge Trading Resource of the Week &#8211;\u00a0Live Breaking News Audio Service Hot Market of the Week &#8211;\u00a0July\/November Beans Spread Broker&#8217;s Trading System of the Week Trading [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,76,119,230,30,61,238],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18348","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-commodity-trading-2","category-crude-oil","category-day-trading-2","category-futures-broker-2","category-futures-trading-2","category-grain-futures","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18348","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=18348"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18348\/revisions"}],"predecessor-version":[{"id":18349,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18348\/revisions\/18349"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}