PPI, Powell Tomorrow + Levels for May 14th - 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.

PPI, Powell Tomorrow + Levels for May 14th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Busy week ahead!

Starting with tomorrow’s PPI and Powell speaking, followed by Wednesday higher impact CPI. Usually we have CPI comes out first followed by the PPI report.

Below you will see a summary of this week’s meaningful reports.

Volatility in Cocoa markets continues with the market losing close to 20% in today’s session!! That is close to 18 full points or $18,000 per contract!!

Coffee is also experiencing higher than usual price swings and both are correlated to the Brazilian Real which is a legitimate, tradeable futures currency contract!

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.

Questions? We are happy to help!

 

 

 

 

Daily Levels for May 13th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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]
Posted in: Charts & Indicators   | Commodity Brokers   | Commodity Trading   | Day Trading   | Future Trading News   | Futures Broker   | 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
Loading
Loading

Loading
Loading
Loading

Loading