{"id":16452,"date":"2020-12-18T13:19:00","date_gmt":"2020-12-18T21:19:00","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16452"},"modified":"2020-12-18T13:21:10","modified_gmt":"2020-12-18T21:21:10","slug":"weekly-newsletter-issue-1033-trading-resources-and-more-12-21-2020","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-issue-1033-trading-resources-and-more-12-21-2020\/","title":{"rendered":"Weekly Newsletter Issue # 1033 – Trading Resources and more! 12.21.2020"},"content":{"rendered":"

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Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/span><\/b><\/em><\/p>\n

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Like us on FaceBook!<\/div>\n
www.facebook.com\/CannonTrading<\/a><\/div>\n
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Get Real Time updates and\u00a0market alerts on Twitter!<\/a><\/div>\n
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Christmas Holiday Schedule available\u00a0HERE.<\/a><\/strong><\/div>\n<\/div>\n
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PLATINUM Review by Mark O’Brien, Sr. Broker:<\/strong><\/div>\n
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This week\u2019s market focus in on a futures contract whose name is derived from the Spanish term\u00a0platino, meaning “little silver.” This is Platinum, one of the rarer elements in the Earth’s crust (only a few hundred tons are produced annually with 80% of the world\u2019s production coming from South Africa) and one with important applications. This is also a futures contract that has increased in price from \u00b1$600 per ounce last March to \u00b11050 per ounce as of this typing \u2013 a \u00b1$22,500 dollar move.<\/div>\n
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What\u2019s next for this metal? We think higher prices are in store. Against the backdrop of daily U.S. Covid-19 infection records and incomprehensible CDC projections for the next 3-4 months \u2013 and possibly the darkest days of this pandemic, we also are seeing projections of up to 100 million people vaccinated by the end of February and other encouraging statistics related to the ongoing holiday surge in infections rendering people no longer under the threat of illness. Add to that the explosion of Chinese demand for base commodities and our expectation for a continued slide in the dollar, we are camping with commodity bulls and looking up at platinum\u2019s all-time high in 2008 at $2286 per ounce and estimating there is room to continue higher in that direction.<\/div>\n<\/div>\n
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Platinum Futures<\/strong><\/div>\n
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To access a free trial to the ALGOS shown in the chart along with other tools, visit and\u00a0sign up for a free trial\u00a0<\/a>for 21 days with real-time data.<\/div>\n
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Good Trading<\/strong><\/div>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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.<\/p>\n

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Futures Trading Levels<\/strong><\/h3>\n

12-21-2020<\/p>\n

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Weekly Levels<\/strong><\/p>\n

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Economic Reports, source:\u00a0<\/strong><\/h3>\n

\u00a0<\/a>www.mrci.com<\/a><\/p>\n

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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<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

_________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 _________________________________________________ Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Christmas Holiday Schedule available\u00a0HERE. PLATINUM Review by Mark O’Brien, Sr. Broker: This week\u2019s market focus in on a futures contract whose name is derived from the Spanish term\u00a0platino, meaning “little silver.” […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,1379],"tags":[],"class_list":["post-16452","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-weekly-newsletter"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=16452"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16452\/revisions"}],"predecessor-version":[{"id":16456,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16452\/revisions\/16456"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}