Invaluable FedWatch Tool + Futures Trading Levels for July 20th 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.

Invaluable FedWatch Tool + Futures Trading Levels for July 20th 2022

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Invaluable FedWatch Tool

By John Thorpe, Senior Broker
I have highlighted this tool before. the totally neat feature of this tool is it is based in the Fed Funds futures contract price movements. Because it is a reflection of market sentiment, this makes it relatively easy to see and sense the actual price discounting that is going on in the equity and bond markets and what represents “Fair Market Value” as this tool changes on a day to day basis. Imagine a zero news day. This tool would not provide any percentage changes, the FF Futures wouldn’t have moved much and the only “wiggle” in the stock indices would not be news driven and of only a technical nature. Now Imagine a day with a lot of information, as that information streams into the consciousness of traders “discounting of future prices” moves the market. As the importance of interest rate decisions have been providing market direction recently, I recommend every traded keep this link saved to your browser favorites as we approach the next and subsequent Fed Meetings . ( you can look at what the market expects for Futures Meetings as well using this tool) Spend some time with this tool
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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




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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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Posted in: Future Trading News   | Futures Trading   | futures trading education  

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