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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.

The Mid-Term Election: Do Markets like Uncertainty + Trading Levels 11.09.2022

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“The Mid-Term Election: Do Markets like Uncertainty?”

By John Thorpe, Senior Broker

The simple answer is: No. Clearly, markets need certainty to thrive. Volatility heats up when monetary and fiscal policy uncertainty peak. A National election is an opportunity for the equity markets to react to potential outcomes before, during, and after the election. Behaving just as markets do prior to a FED rate announcement.  Market reactions have been historically varied during midterm elections. Currently, several outlets are reporting the least likely election outcome is for Democrats to retain control of the National Government levers. Conversely, the same outlets are calling for a divided government, and will most likely be the outcome of today’s voting. One party controls the House of Representatives and the other controls the Senate. An outcome other than this will roil the markets. A word of caution to not over extend/over-leverage as the results come in after the first polls close on the East coast. Reduce position size if you are trading and be vigilant.   “Survive to Trae Another Day”!

Plan your trade and trade your plan.


Please register for QT Market Center – Price Counts Forecasting & Professional Trading Tools on Nov 9, 2022 11:01 AM PST at:

In this webinar you will learn and see live examples:


• Proprietary Price Counts Price Forecasting Tool

• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio

• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included

• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)

• Access Current and 11+ years of Archived USDA Reports,

SPACE is LIMITED, so reserve your space now!

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 11-09-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

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.

Posted in: Commodity Brokers   | Commodity Trading   | Day Trading   | Day Trading Webinar   | Future Trading News  

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