{"id":17496,"date":"2022-02-09T13:23:12","date_gmt":"2022-02-09T21:23:12","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17496"},"modified":"2022-02-09T13:23:12","modified_gmt":"2022-02-09T21:23:12","slug":"are-you-watching-futures-support-resistance-trading-levels-2-10-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/are-you-watching-futures-support-resistance-trading-levels-2-10-2022\/","title":{"rendered":"Are you Watching? Futures Support & Resistance Trading Levels 2.10.2022"},"content":{"rendered":"
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Get Real Time updates and\u00a0more on our private FB group!<\/div>\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Keep an Eye on . . . . Everything<\/h1>\n
By Mark O’Brien, Cannon Trading Senior Broker<\/div>\n
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Last Friday\u2019s monthly unemployment report caught nearly every economist off guard, showing a gain of 467,000 new jobs in Jan. compared to the median estimate of 150,000 and a massive upward revision in the November and December totals: November was revised up to 647,000 from 249,000 and December was revised up to 510,000 from a previously reported 199,000.\u00a0Those changes brought the 2021 total to 6.665 million, easily the biggest single-year gain in U.S. history.<\/div>\n
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Inflation-sensitive commodities markets including metals<\/a>, equity indexes<\/a> and currencies<\/a> have been anticipating an increasingly hawkish inflation-fighting Fed to hike interest rates at least five times in 2022.\u00a0The current resiliency in the jobs market against the pandemic generally and the Omicron variant surge in recent months is likely to keep the Fed on this schedule.\u00a0In the commodity sectors referenced above, look for expanded volatility ahead.<\/div>\n
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Already apparent and not to be ignored, Chicago Board of Trade soybean<\/a> and corn futures<\/a> set eight-month highs today on concerns that more unfavorable crop conditions due to drought are in store in growing areas of South America.\u00a0Cattle,<\/a> Hogs<\/a> and cotton<\/a> all hit life-of-contract highs in their respective front month futures contracts within the last week (not to be confused with all-time highs).\u00a0Notable mention: March cotton<\/a> traded through $1.28 intraday and made its highest weekly close since July 2011.<\/div>\n
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Lastly, crude oil<\/a> traded in the neighborhood of $90\/barrel \u2013 an 8-year high \u2013 as global consumption remains strong and oil stockpiles have plummeted in the past year with many major producers \u2013 OPEC + and the U.S. among them \u2013 struggling to pump more.<\/div>\n
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We\u2019re just one month into this calendar year with more developments ahead \u2013 geopolitically, weather-related and monetary policy related \u2013 all set to cause commodity prices across a range of asset classes to exhibit potentially rugged price action.\u00a0Keep an eye out.<\/div>\n
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Would you like to contact Mark or any of our brokers for more feedback?\u00a0We are happy to help!<\/a><\/div>\n
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Are you using Sierra charts and looking to implement their Teton order routing?<\/h1>\n
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If so, look no further, Cannon can assist you in getting set up!<\/h2>\n
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The\u00a0Teton Futures Order Routing\u00a0service is a high-quality order routing service with advanced risk management from Sierra Chart to provide order routing, for outright futures and spreads, direct to the major exchanges. There is no other intermediary provider.<\/div>\n
Orders are routed direct to the exchange with high reliability and very low latency, in under 500 microseconds.<\/div>\n
Market data is provided by the\u00a0Sierra Chart Denali Exchange Data Feed<\/a>.<\/div>\n
Supported exchanges are CME, CBOT, NYMEX, COMEX, FairX.<\/div>\n
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This service is offered at\u00a0no cost\u00a0to both clearing firms and to users. It has\u00a0no\u00a0transaction fee per contract traded. To our knowledge this is an industry first. This Teton Order Routing service still provides very high quality order routing.<\/div>\n
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Contact us for a\u00a0demo<\/a>\u00a0and\/ or\u00a0more information here!<\/a><\/div>\n<\/div>\n<\/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

02-10-2022<\/p>\n

\"Futures<\/p>\n

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Improve Your Trading Skills<\/h2>\n
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\n
\u00a01-800-454-9572\u00a0Explore trading methods.\u00a0Register Here<\/a><\/div>\n


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

\u00a0<\/a>ForexFactory.com<\/a><\/p>\n

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\"Forex<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon 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":"

Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Keep an Eye on . . . . Everything By Mark O’Brien, Cannon Trading Senior Broker Last Friday\u2019s monthly unemployment report caught nearly every economist off guard, showing a gain of 467,000 new jobs in Jan. compared to the median estimate of 150,000 and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,358],"tags":[],"class_list":["post-17496","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-education"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17496","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=17496"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17496\/revisions"}],"predecessor-version":[{"id":17497,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17496\/revisions\/17497"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}