It's hard to be bullish on oil in this environment - with Schwab Network - Commodity Broker

Carley Garner joined Nicole Petallides and Tamar Essner from the New York Stock Exchange floor to discuss the next move in the crude oil market. Garner revealed that the monthly WTI oil futures chart has been dominated by lower highs, and a break below $64.00 would likely lead to the low $50.00s, with $53.00 to $51.00 as a likely target.

The decision to trade online or through a full-service commodity broker will undoubtedly make a large impact on your bottom line.

To look at commission rates objectively, we must understand the background of the futures industry and how brokerages accept risk for fees.

Deciding on a commodity brokerage firm is a significant decision and shouldn’t be taken lightly. Not all traders and brokers are compatible.

Most traders in search of a futures broker are concerned primarily with trading platforms, commission, and quality guidance.

The goal of futures trading should be to MAKE money, not SAVE it! Discount commodity brokers cut corners that cost their clients time & money.

A key difference to trading commodity futures over ETFs is leverage, but there is more to discuss, such as taxes, market hours, and efficiency.