FRB Federal Reserve Bank's quiet period or Blackout Period is over + Trading Levels 2.07.2023 - 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.

FRB Federal Reserve Bank’s quiet period or Blackout Period is over + Trading Levels 2.07.2023

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

The Week Ahead – FRB Federal Reserve Bank’s quiet period or Blackout period is over


By John Thorpe, Senior Broker


On an otherwise quiet week for economic releases and the FRB Federal Reserve Bank’s quiet period or Blackout period over, The Fed members are again, free to entertain speaking engagements. If you remember last week, Chairman Powell and the FOMC (Federal Open Market Committee) announced the expected .25 rate hike.

On Tuesday, February 7th @ 12:40p.m. EST, Fed Chair Jerome Powell is slated to appear at the Economic Club of Washington D.C., and may give investors and retail traders a preview of his semi-annual report to Congress later this month. Powell may also update his outlook given the January employment number surprise was released after the FOMC rate decision. Of note, Last Friday marked the halfway mark in the earnings season as 250 of the S&P 500 stocks finished reporting their earnings. Of course we have another leg to go as we turn the corner and look for few ,if any earnings surprises across the board as lowered expectations have been baked into the market already. On the jobs front we do have a jobless claims report, pre market on Thursday at 7:30 a.m. CST. Finally for the week, The President’s State of the Union address is tomorrow night @9 P.M. EST, 8 P.M. CST. Although you should be able to view his speech on any of your favorite news outlets, we don’t expect any market changing announcements of substance. Be on the ball if there is.

A Cannon broker will be able to assist, provide feedback and answer any questions.

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


#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG


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:


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.

Click to rate this post!
[Total: 0 Average: 0]
Tags: > > > > > > > > > > > > > > > > > > > > Posted in: Commodity Trading   | Day Trading   | Future Trading News   | Futures Trading  

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