{"id":19135,"date":"2023-11-08T13:24:23","date_gmt":"2023-11-08T21:24:23","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19135"},"modified":"2023-11-08T13:24:23","modified_gmt":"2023-11-08T21:24:23","slug":"new-micro-nat-gas-crude-oil-chart-futures-trading-levels-for-nov-9th-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/new-micro-nat-gas-crude-oil-chart-futures-trading-levels-for-nov-9th-2023\/","title":{"rendered":"New Micro Nat Gas, Crude Oil Chart + Futures Trading Levels for Nov. 9th 2023"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/span><\/div>\n
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https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Updates and Bullet Points:<\/h3>\n

By Mark O’Brien, Senior Broker<\/em><\/p>\n

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General:\u00a0<\/strong><\/p>\n

We have a new futures contract.\u00a0 It started trading on Monday.\u00a0 This is the Micro Henry Hub Natural Gas futures contract<\/strong><\/em> and corresponding options.<\/p>\n

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To quote directly from the CME Group web site, \u201cThe introduction of Micro Henry Hub Natural Gas futures and options responds directly to customer demand for a smaller, more precise instrument for managing natural gas price exposure. At one-tenth the size of the benchmark Henry Hub (NG) contract, Micro Henry Hub Natural Gas futures and options offer more granularity and smaller margin requirements with the same robust transparency and price discovery of the larger Henry Hub contracts.\u201d<\/p>\n

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Follow the link below to the contract\u2019s full contract specifications on the CME Group web site:<\/p>\n

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https:\/\/www.cmegroup.com\/markets\/energy\/natural-gas\/micro-henry-hub-natural-gas.contractSpecs.html<\/a><\/p>\n

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Heads up: most FCM\u2019s \/ clearing firms, including the five FCM\u2019s Cannon Trading Co. partners with, will monitor a new futures contract for sufficient liquidity before making it available to its clients.\u00a0 Give Cannon Trading a call to find out the availability of the contract.<\/p>\n

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Energy:\u00a0<\/strong><\/p>\n

Incidentally, natural gas (basis Dec.)<\/a> dropped \u00b150 cents (a \u00b1$5,000 move) over the last six trading sessions to \u00b1$3.10 \/mmBtu. down to new 2-year lows on forecasts for above-normal temps. across the U.S. for the next fifteen days and continental U.S. production remaining near all-time highs,\u201d<\/p>\n

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Financials:\u00a0<\/strong><\/p>\n

Stock index futures are struggling today to extend their longest winning streak in two years – clocking seven straight daily gains \u2013 as we approach the close of trading.\u00a0 At this typing, the E-mini S&P 500 is trading just a few ticks either side of unchanged, while the E-mini Dow Jones<\/a> and E-mini Nasdaq<\/a> are slightly off.<\/p>\n

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More energy:\u00a0<\/strong><\/p>\n

Crude oil<\/a> extended its more than 2-week sell-off to its lowest level in over three months.\u00a0 From an intraday high of $89.85 per barrel on Oct. 20, the front month traded through $75.00 per barrel this morning \u2013 a \u00b1$15.00 per barrel \/ $15,000 per contract move.<\/p>\n

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DAILY CHART BELOW<\/strong><\/p>\n

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News pushing prices south include global demand worries, record U.S. production and ebbing supply concerns surrounding the Gaza conflict.<\/p>\n

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Given its ability to create a ripple effect, the \u00b115% price decline dragged U.S. pump prices down to levels not seen since March.\u00a0 It has also helped rein in inflation expectations and worrisome bond yields.<\/p>\n

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While this paints a picture that fears are subsiding that a wider conflict could be emerging in the Middle East and disrupt supplies, traders should remain on high alert for signs to the contrary.<\/p>\n<\/div>\n

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Plan your trade and trade your plan.<\/a><\/p>\n

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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

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Futures Trading Levels<\/strong><\/h3>\n

11-09-2023<\/p>\n

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\"#ES,
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n
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Improve Your Trading Skills<\/h2>\n
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\n
\u00a01-800-454-9572\u00a0Explore trading methods.\u00a0Register Here<\/a><\/div>\n


\n<\/a>Economic Reports, Source:\u00a0<\/strong><\/h3>\n

Forexfactory.com<\/a><\/p>\n

\"\"<\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon Trading Inc<\/a>. 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":"

Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Updates and Bullet Points: By Mark O’Brien, Senior Broker   General:\u00a0 We have a new futures contract.\u00a0 It started trading on Monday.\u00a0 This is the Micro Henry Hub Natural Gas futures contract and corresponding options.   To quote directly from the CME Group […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,1434,231,76,119,230,1491,239,30,3,61,235,344,1484,1439,234],"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-19135","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-crude-oil","category-day-trading-2","category-e-mini-futures","category-financial-futures","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","category-index-futures","category-indices","category-nasdaq","category-natural-gas","category-trading-guide","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\/19135","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=19135"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19135\/revisions"}],"predecessor-version":[{"id":19136,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19135\/revisions\/19136"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}