Anticipating Volatility: Debate, PCE Report, USDA Data, and Month-End Trading Impact - Support & Resistance Levels

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.

Anticipating Volatility: Debate, PCE Report, USDA Data, and Month-End Trading Impact

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Tonight’s debate may trigger some short term volatility – hard to tell.

research into the medium term affect, shows not much to be expected.

That being said, we may see some wider moves tonight and then tomorrow we have PCE which will impact indices, metals, rates as well as big USDA report which will affect the entire grain complex.

To add a bit more fuel to the fire…..tomorrow is the last trading day for June. Last trading days of the month usually see higher volume and at times volatility.

When in doubt – stay out!

 

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

Daily Levels for June 28th, 2024

Economic Reports
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* 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.

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