Bigger Picture + Futures Trading Levels & Reports 4.21.2022 - 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.

Bigger Picture + Futures Trading Levels & Reports 4.21.2022

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Global Growth Uncertainty = Great Opportunity and Risk

By Mark O’Brien Senior Broker
Today the IMF stated that it expects global economic growth to slow significantly this year – from 6.1% in 2021 down to 3,6% in 2022. The war in Ukraine is the most impactful catalyst to the downturn, its effects spreading most notably to higher food and energy prices as well as disruptions in global supply chains and trade. The pandemic continues to take a toll on growth as well with China’s growth forecast downgraded in the face of that country’s latest measures to combat the latest variant spread: lockdowns imposed nationally with some encompassing entire cities. Against this backdrop, central banks around the world are grappling with decisions to tamp down inflation. IMF Managing Director Kristalina Georgleva put it succinctly: “This is the most universally complex policy environment of our lifetime.”
This is an uncertain outlook and it translates to commodities prices across nearly all asset classes. Volatility remains the theme of the markets and to restate from past blogs, great opportunity and risk are both easy to find.

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.

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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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