{"id":18093,"date":"2022-11-09T13:19:21","date_gmt":"2022-11-09T21:19:21","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18093"},"modified":"2022-11-09T13:19:21","modified_gmt":"2022-11-09T21:19:21","slug":"the-mid-term-election-the-markets-trading-levels-11-10-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/the-mid-term-election-the-markets-trading-levels-11-10-2022\/","title":{"rendered":"The Mid-Term Election &#038; The Markets + Trading Levels 11.10.2022"},"content":{"rendered":"<div align=\"center\">\n<div align=\"justify\">\n<div><span style=\"text-align: left;\">Get Real Time updates and more on our private FB group!<\/span><\/div>\n<div>\n<div align=\"justify\">\n<div style=\"text-align: center;\" align=\"justify\">\n<div style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001KRg6On04gjknOfysn89cEhkyXgAxXigZc1_AdekBblRz4Cwp2yofkpGH8rpms9Q30D0wjhFS1q8yG11pQf1KRy2bpIyH4uwMgzWcI-wb74TdqgA-DQitbpTeoWmib8qwdH8ve86kM_6EWihst10TitotvFRrtw2C0HgnNGJLkXUXb6ec7AaQGNxU6EuLQxHI&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<h3>&#8220;The Mid-Term Election &amp; The Markets&#8221;<\/h3>\n<p>By Mark O&#8217;Brien, Senior Broker<\/p>\n<p>To the extent that the futures markets are taking cues from the results of yesterday\u2019s U.S. mid-term elections, the wait will continue.\u00a0As had been widely believed, Election Day did not translate to Results Day.\u00a0A\u00a0number of key Senate races remain uncalled \u2013 including contests in Nevada and Arizona as well as in Georgia which will go to a runoff.\u00a0The shape of the House also remains uncertain.<\/p>\n<p>&nbsp;<\/p>\n<p>A few notable firsts:<\/p>\n<ul>\n<li>Florida elected the youngest-ever House member: 25-year old Maxwell Alejandro Frost, making him the first Gen Z candidate to hold federal office.<\/li>\n<li>Summer Lee will be the first Black woman elected to Congress from Pennsylvania.<\/li>\n<li>Katie Britt will become Alabama\u2019s first female U.S. Senator.<\/li>\n<li>Sarah Huckabee Sanders became the first elected female governor of Arkansas<\/li>\n<\/ul>\n<p>Looking beyond this, it looks like the heightened volatility in stocks and the majority of other futures sectors is here for the long run.\u00a0You\u2019re seeing big price swings due to factors like the war in Ukraine, elevated <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/WTI-Light-Sweet-Crude-Oil-Futures\">oil prices<\/a>, residual supply chain issues, historically elevated grain &amp; food prices and global central banks\u2019 efforts to tame inflation, just to name some of the more influential forces.\u00a0We\u2019ll be apprised yet again of the inflation situation here in the U.S. with tomorrow\u2019s release of\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 (7:30 A.M., Central Time).\u00a0Due to the Veterans\u2019 Day holiday this Friday, we\u2019ll need to wait \u2018til the following Tuesday for the corresponding Producer Price Index.<\/p>\n<p>Metals notes:<\/p>\n<p><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Silver-Futures\">Dec. Silver<\/a> traded to 5-month highs yesterday trading a up to $21.72 intraday, off a \u00b1$1.44 ($7,200) move up last Friday.\u00a0Since then, <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Gold-Futures\">Dec. gold<\/a> has increased \u00b1$90\/ounce ($9,000) to above $1,700\/ounce after posting 19-month lows on Nov. 3.<\/p>\n<\/div>\n<div><strong>Plan your trade and trade your plan.<\/strong><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p style=\"text-align: left;\">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<h3><strong>Futures Trading Levels<\/strong><\/h3>\n<p>for 11-10-2022<\/p>\n<div align=\"center\">\n<div align=\"justify\">\n<div class=\"mceTemp\"><\/div>\n<figure style=\"width: 612px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/98ef93d3-cb7d-4df6-b0d8-b7e48b7fcd40.jpg\" alt=\"#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers\" width=\"612\" height=\"754\" title=\"\"><figcaption class=\"wp-caption-text\">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<\/div>\n<\/div>\n<h3><strong>Economic Reports, Source:\u00a0<\/strong><\/h3>\n<p><a href=\"http:\/\/Forexfactory.com\" target=\"_blank\" rel=\"noopener\">Forexfactory.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/5c7abe55-720e-4939-8926-07525a53b6d7.jpg\" alt=\"\" title=\"\"><\/p>\n<p style=\"text-align: left;\">This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0<a href=\"https:\/\/www.cannontrading.com\/company\/about\">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":"<p>Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ &#8220;The Mid-Term Election &amp; The Markets&#8221; By Mark O&#8217;Brien, Senior Broker To the extent that the futures markets are taking cues from the results of yesterday\u2019s U.S. mid-term elections, the wait will continue.\u00a0As had been widely believed, Election Day did not translate to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[231,76,230,67],"tags":[],"class_list":["post-18093","post","type-post","status-publish","format-standard","hentry","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18093","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=18093"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18093\/revisions"}],"predecessor-version":[{"id":18095,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18093\/revisions\/18095"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}