GDP Tomorrow, Earnings Season in Full Play  + Levels for April 25th - 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.

GDP Tomorrow, Earnings Season in Full Play  + Levels for April 25th

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A few tips for tomorrow:

  • If you are trading stock index futures, note price action has been VERY choppy during the day session as most earnings come out after the close…
  • Coffee and Coca volatility is as high as I have seen in recent months. Large intraday and overnight moves in both, as much as +/- 8% per day!
  • We have GDP and home sales tomorrow.
  • Big pullback in both silver and gold and the key question is: Was this profit taking/ deflation of geo political fear and GOOD entry to the long side? OR…is this the near term top for both markets??
  • Corn daily chart for your review below.

 

 

Daily Levels for April 25th, 2024

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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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