{"id":18334,"date":"2023-03-15T12:34:42","date_gmt":"2023-03-15T20:34:42","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18334"},"modified":"2023-03-15T12:34:42","modified_gmt":"2023-03-15T20:34:42","slug":"volatility-is-high-03-16-2023-trading-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/volatility-is-high-03-16-2023-trading-levels\/","title":{"rendered":"Volatility is HIGH + 03.16.2023 Trading Levels"},"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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Trade June indices as well as June currencies!<\/strong><\/p>\n

What Traders need to Know to Finish the Trading Week:<\/h3>\n

By Mark O’Brien, Senior broker<\/p>\n

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Crude oil futures prices<\/a> plunged more than $5.50 a barrel intraday today \u2013 touching a low of $65.65 (basis April) – to their lowest in more than a year as news that Credit Suisse\u2019s biggest shareholder, Saudi National Bank, said it would not make further investments in the firm, sending the Swiss lender\u2019s stock plunging \u00b127% and adding to the already extreme turmoil in the banking sector from the collapse of Silicon Valley Bank and Signature Bank last week here in the U.S.<\/p>\n

In turn, gold futures prices<\/a> climbed over 1% intraday with the April contract topping $1,942.50 per ounce intraday, it\u2019s highest price since early February. Conversely, Copper futures<\/a> lost \u00b111 cents \/ pound \u2013 over 4% intraday \u2013 with the May futures contract touching $3.84 \/ lb. matching prices from early January and extending a near month-long \u00b140-cent \/ $10,000 decline.<\/p>\n

Not surprisingly, with the banking sector hitting rough seas this last week, treasuries have once again assumed their safe-haven status with the 30-yr. T-bond futures<\/a> contract soaring \u00b110 full basis points \u00b1$10,000 over the last nine trading days to March 3 and sending the benchmark 10-year Treasury<\/a> note yield tumbling to near 3.5%<\/p>\n

Significant volatility looks to be the order of the day for the near term across the major financial futures sectors \u2013 stock indexes, interest rates, currencies \u2013 as well as metals and energies.\u00a0Up next, the FOMC meeting this coming Tuesday\/Wednesday.<\/p>\n

Be Careful out there,\u00a0Plan your trade and trade your plan!<\/p>\n

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Plan your trade and trade your plan.\u00a0<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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A Cannon broker<\/a> will be able to assist, provide feedback and answer any questions.<\/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

03-16-2023<\/p>\n

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

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\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\/     Trade June indices as well as June currencies! What Traders need to Know to Finish the Trading Week: By Mark O’Brien, Senior broker   Crude oil futures prices plunged more than $5.50 a barrel intraday today \u2013 touching a low of $65.65 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,237,239,61,236,234],"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-18334","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-energy-futures","category-financial-futures","category-futures-trading-2","category-metal-futures","category-trading-guide","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\/18334","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=18334"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18334\/revisions"}],"predecessor-version":[{"id":18335,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18334\/revisions\/18335"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}