Outlook for the Week Ahead + Futures Levels 7.25.2023 - 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.

Outlook for the Week Ahead + Futures Levels 7.25.2023

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The week ahead Earnings, Earnings, FOMC, ECB Rate decision and more Earnings and more govt reports!

Tuesday @ 9 am CDT US Consumer confidence will be released, expectations are for better than last month by a few bases points then : Tuesday after the close GOOG reports Q2 earnings expectations are +$1.34 per share. MSFT also reports it’s fiscal Q4 , expectations are for earnings +$2.55 per share, Regional banks will also be reporting this week, The Regionals have the largest exposure to the Commercial Real Estate problem, keep a close on on any developments here. Wednesday META reports +$2.91 expected Thursday AMZN +$.34 expected.  Govt Reports: Tuesday thru Friday C Confidence mentioned above and the start of the FOMC the last one until September Expectations are currently projected with a confidence rating of 98.9% for a .25 increase to the 5.25=5.50 range. The actual announcement is Wednesday @ 1pm CDT with a press conference to follow 30 minutes later . Thursday the ECB announces it’s short term rate policy and they are expected to follow suit another .25 @ 7:15 am CDT. Q2 GDP is released at 7:30 CDT along with Durable goods, Intl trade in Goods ands US Jobless claims. Friday we can take a breath as the markets unwind their directions from the previous three days and will tend to reverse in a risk off stance prior to the weekend as we head toward the Dog Days of summer.


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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 when it comes to Futures Trading.

Futures Trading Levels

for 07-25-2023

#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

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.

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