{"id":17813,"date":"2022-06-22T12:27:05","date_gmt":"2022-06-22T20:27:05","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17813"},"modified":"2022-06-22T12:27:05","modified_gmt":"2022-06-22T20:27:05","slug":"what-you-need-to-know-for-trading-june-23rd-trading-levels-6-23-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/what-you-need-to-know-for-trading-june-23rd-trading-levels-6-23-2022\/","title":{"rendered":"What You Need to Know for Trading June 23rd + Trading Levels 6.23.2022"},"content":{"rendered":"
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What You Need to Know for Trading June 23rd<\/h1>\n

by Mark O’Brien, Sr. Broker:<\/h2>\n
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Energy:\u00a0Crude oil<\/a> prices slumped to their lowest prices in over a month.\u00a0August West Texas Intermediate (WTI) traded to an intraday low of $101.83 a barrel, prices not seen since May 19 and nearly $20 off its $120.88 intraday high of last Tuesday (6\/14).<\/div>\n
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More energy:\u00a0You didn\u2019t miss it.\u00a0Due to the Monday Junteenth holiday, the weekly Energy Information Agency (EIA) Petroleum Status Report (Energy Stocks) will be released tomorrow, as opposed to its regular Wednesday release.\u00a0\u00a0The weekly Natural Gas<\/a> Storage Report typically released on Thursday will do so at its regular time: 9:30, Central Time.\u00a0Then, at 10:00 the Energy Stocks report will be released.<\/div>\n
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Crypto:\u00a0Last Trading Day for June Bitcoin futures<\/a> is this Friday, June 17.\u00a0These are financially settled (no physical delivery), but if you\u2019re holding longer-term positions in the June contract, you need to roll your position over\/forward to the new front month contract \u2013 July \u2013 by no later than tomorrow, Thursday, June 23.<\/div>\n
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Financials:\u00a0Today Federal Reserve Bank Chairman Jerome Powell addressed the Senate Banking Committee, as his schedule happened to play out, just one week after the Fed ordered the largest interest rate increase since 1994.\u00a0The central bank is under growing pressure to combat inflation, which hit a four-decade high of 8.6% in May.\u00a0Tomorrow, Chairman Powell addresses the House Financial Services Committee where members will also question the Chairman on the nation\u2019s economy.<\/div>\n
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Grains:\u00a0After rallying more than 30 cents during early trading, July wheat<\/a> gave back all of its gains and then some to close down 2 cents and traded intraday to its lowest price ($9.60) since March 2nd.<\/div>\n
July Soybeans<\/a> hit a 1-month low $16.54 \u00bc a bushel.\u00a0This as the latest 1-5-day weather forecast\u00a0less heat and scattered chances of rain over the next two weeks, with even some below normal temperatures, helping to spark aggressive long liquidation selling from speculators.<\/div>\n
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More grains:\u00a0First Notice Day for grains is next Thursday, June 30.\u00a0Avoid delivery and roll your positions!<\/div>\n
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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.\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

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

06-23-2022<\/p>\n

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\"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

Forexfactory.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\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\/ What You Need to Know for Trading June 23rd by Mark O’Brien, Sr. Broker: Energy:\u00a0Crude oil prices slumped to their lowest prices in over a month.\u00a0August West Texas Intermediate (WTI) traded to an intraday low of $101.83 a barrel, prices not seen since May […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[358,67],"tags":[],"class_list":["post-17813","post","type-post","status-publish","format-standard","hentry","category-futures-trading-education","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17813","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=17813"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17813\/revisions"}],"predecessor-version":[{"id":17814,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17813\/revisions\/17814"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}