1-800-454-9572 info@cannontrading.com

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Natural Gas New Highs & Futures Support and Resistance Levels 5.26.2022

Get Real Time updates and more on our private FB group!

The State of Affairs in Energy Futures

by Mark O’Brien, Senior Broker
In recent weeks, we’ve seen declines in global equity markets as well as in consumer and investor sentiment. We’re on the leading edge of a near 8-month rise in inflation to 40-yr. highs – rising at an equal 40-year record pace.
At the same time, some of the latest global inflation data has been inconclusive. Short-term inflation momentum which measures a three-month annualized rate as opposed to the pace of price increases in one month compared with the same month a year earlier (think CPI) have started to soften. The Commerce Department’s monthly personal-consumption expenditures report has shown consumers are shifting to a more-normal balance of spending on goods and services compared to the demand surge earlier in the Covid-19 pandemic.
Regardless of how conditions play out in the coming weeks and months, don’t count on energy prices falling off any time soon. Nationally and globally, even if we experience an economic decline and energy demand subsides, the aftereffects will be slight. Both the supply and demand sides of the equation will account for stubbornly high prices both at the pump and in natural gas. Strategic stockpiles are in need of replenishing, the expanding ban on Russian imports is only beginning to impact prices, structural adjustments to realign energy supply chains to accommodate for the war will take months or longer and seasonal summer demand is on the horizon.
EVEN BETTTER…reach out to a Cannon Trading broker.
Good Trading!
Natural Gas Monthly Chart

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  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.

Futures Trading Levels

05-25-2022

Futures Support and Resistance Levels 5.26.2022

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. 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.

Posted in: Energy Futures   | Future Trading News  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
Loading
Loading

Loading

Partners

Loading
Loading

Loading