{"id":18039,"date":"2022-10-12T12:28:37","date_gmt":"2022-10-12T20:28:37","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18039"},"modified":"2022-10-12T12:28:37","modified_gmt":"2022-10-12T20:28:37","slug":"what-you-need-to-know-before-trading-on-10-13-2022-futures-trading-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/what-you-need-to-know-before-trading-on-10-13-2022-futures-trading-levels\/","title":{"rendered":"What You Need to Know Before Trading on 10.13.2022 + Futures Trading Levels"},"content":{"rendered":"
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WYNTK For Trade Date of Oct. 13th 2022<\/h3>\n

By Mark O’Brien, Senior Broker<\/p>\n

Financials:<\/strong>\u00a0The Federal Reserve released the minutes of its September meeting and they signaled that the central bank is locked and loaded to continue with more interest rate hikes heading to year\u2019s end.\u00a0They remained focused on maintaining their restrictive policy steps in their efforts to quell the inflation still stubbornly intertwined in the U.S. economy.\u00a0The committee acknowledged that inflation had shown \u201clittle\u00a0sign so far of abating,\u201d and that they \u201cneeded to move to, and then maintain, a more restrictive policy stance in order to meet the Committee\u2019s legislative mandate to promote maximum employment and price stability.\u201d<\/p>\n

On the economic reports schedule for tomorrow:\u00a0the Bureau of Labor Statistics\u2019 Consumer Price Index Report,\u00a0which measures the prices paid by consumers for a basket of consumer goods and services.<\/p>\n

Softs \/ Orange Juice:<\/strong>\u00a0The path of destruction left in Hurricane Ian\u2019s wake didn\u2019t spare Florida\u2019s 6.7 billion dollar citrus industry which reported today that it will see the smallest orange crop<\/a> in nearly 80 years.\u00a0The front-month November futures contract traded above $2.00 per pound intraday last Mon. \u2013 nearly 50% higher than year-ago prices and stayed near these elevated life-of-contract highs right up into today\u2019s report.<\/p>\n

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Softs \/ Cotton:\u00a0<\/strong>Moving in the opposite direction, Dec. cotton futures<\/a> recently posted 5-month lows near 82 cents per pound, well off their $1.32\/lb. highs of mid-May \u2013 a \u00b1$25,000 move for the futures contract.\u00a0Today\u2019s World Supply & Demand report cited rising U.S. stockpiles and forecast waning global demand to further spur the price decline.<\/p>\n

As always, plan your trade and trade your plan.\u00a0Please contact your broker or Cannon Trading with any questions.<\/a><\/p>\n<\/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

for 10-13-2022<\/p>\n

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\"#goldfutures
SP500 #ES_FNasdaq100\u00a0 #NQ_FDow Jones\u00a0 #YM_FMini Russell #RTY_FBitCoin Index #BRTI\u00a0SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds\u00a0 #ZB_F Dec. 10 yr\u00a0 #ZN_F Dec. Corn #ZC_F Dec.\u00a0 Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F\u00a0October Sugar #SB_F Dec. Cotton #CT_F Sept.\u00a0 Euro Currency<\/figcaption><\/figure>\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 more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ WYNTK For Trade Date of Oct. 13th 2022 By Mark O’Brien, Senior Broker Financials:\u00a0The Federal Reserve released the minutes of its September meeting and they signaled that the central bank is locked and loaded to continue with more interest rate hikes heading to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,30,61,234],"tags":[],"class_list":["post-18039","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-broker-2","category-futures-trading-2","category-trading-guide"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18039","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=18039"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18039\/revisions"}],"predecessor-version":[{"id":18040,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18039\/revisions\/18040"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}