Daily Support & Resistance Levels

This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.

August 3, 2026
Commodity Trading

Fed, First Notice Last Trading Day – Important Trading Guide – August 4th 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Aug (#GC)

4051.10 4112.40 4146.30 4207.60 4241.50

Silver (SI)

— Sept. (#SI)

56.32 57.89 58.70 60.27 61.08

Crude Oil (CL)

— Aug (#CL)

81.21 82.43 84.18 85.40 87.15

 Sept. Bonds (ZB)

— Sept. (#ZB)

108 15/32 108 28/32 109 7/32 109 20/32 109 31/32

The Price of Clarity — A Silent Fed, a Loud Long End, and a Capex Bill That Found Its Answer

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Stock Indices

The week’s price action was far more violent than anything in the underlying numbers. The Dow lost 1,153 points on Wednesday, a 2.19% session, while the S&P fell 1.5% and the Philadelphia Semiconductor Index dropped 5.3% in that single day.

Korea

Korea was wilder still — the KOSPI fell 10% across back-to-back sessions early in the week and then posted a record 17.9% gain in one. By Friday, two enormous single-stock moves had repaired a good deal of the damage.

FED/Corporate

What ties the week together is simple enough: twice, the market was asked to price something it could not see. The Fed declined to say where policy is headed, and the largest companies in the index are committing historic sums of capital without a settled answer on what comes back. Where that gap got filled in, money showed up. Where it didn’t, money left. READ the REST and view CHARTS

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First Notice Day / Last Trading Day:

Below are the contracts which are entering First Notice or Last Trading Day for August. Be advised, the contracts below are deliverable. It is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.

If you have any questions, please contact the Trade Desk (310-859-9572).

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Trading Signals on Trading View – FREE Trial

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Cannon Edge — Your Daily Futures Snapshot for August 4th

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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

·    Current price and daily % change

·    30‑day and 52‑week highs/lows

·    PROPRIETARY Short‑term and long‑term trend signals

·    Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

 Built for speed. Backed by insight. Powered by CQG.

Daily Levels for August 4th, 2026

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Economic Reports

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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. 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.

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