{"id":18242,"date":"2023-01-18T13:11:27","date_gmt":"2023-01-18T21:11:27","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18242"},"modified":"2023-01-18T13:11:27","modified_gmt":"2023-01-18T21:11:27","slug":"crude-oil-and-natural-gas-tomorrow-trading-levels-for-01-19-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude-oil-and-natural-gas-tomorrow-trading-levels-for-01-19-2023\/","title":{"rendered":"Crude Oil and Natural Gas Tomorrow & Trading levels for 01.19.2023"},"content":{"rendered":"
\n
\n
Get Real Time updates and more on our private FB group!<\/span><\/div>\n
\n
\n
\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>\n
<\/div>\n

Bullet Points,\u00a0Highlights and Announcements<\/h3>\n

By Mark O’Brien, Senior Broker<\/p>\n

 <\/p>\n

General:\u00a0Even in the face of solid COVID uncertainty for China, a persistent fear that the Fed will overtighten and that a recession is looming here in the U.S., there are some green shoots (thank you to former U.K. Chancellor of the Exchequer Norman Lamont for coining that term back in \u201891) to indicate signs of improvement for the economy, including growing sentiment that the beginning of the end for rising interest rates \u2013 and inflation \u2013 is on the horizon.<\/p>\n

Take commodity prices for example.<\/p>\n

Several that are in tight supply are now responding by tracking higher as a result of modest improvements in demand for their manufactured products.\u00a0Copper prices<\/a> \u2013 historically viewed as a leading indicator \u2013 are up over 30% in the last six months, including a \u00b114% increase this month so far.\u00a0Silver<\/a> is up \u00b125% since Sept. to year-ago prices around $24\/oz.\u00a0Crude oil<\/a> has pressed upwards above \u00b1$80\/barrel, \u00b1$10 higher this month and on par with prices from last Feb.<\/p>\n

At the same time, these higher prices for industrial products have helped keep inflation readings \u2013 CPI, PPI notably \u2013 stubbornly high with only slight signs of downward movement in the last few releases.\u00a0This is almost certainly narrowing the runway on which the \u201cFed Pivot\u201d will eventually use to try landing the economy as softly as possible this year.<\/p>\n

Energies:\u00a0Heads up!\u00a0As opposed to most weeks when they\u2019re released on Wednesday and Thursday, this week\u2019s Energy Information Agency reports on natural gas storage<\/a> and crude oil supplies<\/a> will be released on the same day: tomorrow at 9:30 A.M. and 10:00 A.M., Central Time, respectively.\u00a0That’s natural gas storage first, followed by crude oil supplies.\u00a0The Martin Luther King Day holiday effected this schedule change.<\/p>\n

 <\/p>\n

 <\/p>\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

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

for 01-19-2023<\/p>\n

\n
\n
<\/div>\n
\"#ES,
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n

 <\/p>\n

\"\"<\/p>\n<\/div>\n<\/div>\n

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

Forexfactory.com<\/a><\/p>\n

\"\"<\/p>\n

 <\/p>\n

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\/ Bullet Points,\u00a0Highlights and Announcements By Mark O’Brien, Senior Broker   General:\u00a0Even in the face of solid COVID uncertainty for China, a persistent fear that the Fed will overtighten and that a recession is looming here in the U.S., there are some green shoots […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,119,230,67],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18242","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-crude-oil","category-day-trading-2","category-future-trading-news","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18242","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=18242"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18242\/revisions"}],"predecessor-version":[{"id":18243,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18242\/revisions\/18243"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}