{"id":18355,"date":"2023-03-29T12:24:05","date_gmt":"2023-03-29T20:24:05","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18355"},"modified":"2023-03-29T12:24:05","modified_gmt":"2023-03-29T20:24:05","slug":"gdp-tomorrow-03-30-2023-trading-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/gdp-tomorrow-03-30-2023-trading-levels\/","title":{"rendered":"GDP Tomorrow + 03.30.2023 Trading Levels"},"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

The Rest of the Trading Week Ahead:<\/strong><\/h3>\n

By Mark O’Brien, Senior broker<\/p>\n

Tomorrow is GDP – Market moving event.<\/p>\n

This Friday is First Notice Day for April gold<\/a>.\u00a0Holding long positions in this futures contract into Friday subjects you to receiving a delivery notice from the exchange for 100 ounces of gold.\u00a0You would then be required to have the full notional value of each 100-ounce futures contract on deposit in your account.<\/p>\n

This upcoming event may not apply to any positions in your account this time, but if you ever take a long position in a futures contract where the method of settlement for that contract is the exchange of the actual physical asset, for example 100 ounces of gold<\/a>, 5,000 bushels of oats<\/a>, 37,500 pound of Arabica coffee<\/a>, then you need to be mindful of those dates on the calendar that relate to the futures contracts you trade \u2013 Like First Notice Day.\u00a0It can be a costly mistake even if you overlook an important date and find yourself in need of having to change your mind.\u00a0After being informed that your account has received a delivery notice and you move to do an about-face \u2013 called retendering in futures parlance \u2013 the exchange may present you with a fine for your disregard of the calendar.\u00a0Be careful.<\/p>\n

For the grain markets and impact on livestock prices, Friday will mark the\u00a0once a year prospective plantings report.<\/p>\n

For our Grain Traders and Bona Fide Hedgers<\/p>\n

This piece of information from one of our partners,<\/p>\n

QTMarketCenter<\/a>\u00a0( sign up for a free trial and enjoy plathora of information!)<\/p>\n

Offers expectations for Friday\u2019s big and all important USDA\u00a0Prospective Plantings report and USDA Quarterly Grain Stocks\u00a0—<\/p>\n

Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022<\/p>\n

— Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022<\/p>\n

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres.\u00a0The data will be released Friday, March 31 around 11:00 am CT.<\/p>\n

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres.\u00a0The data will be released Friday, March 31 around 11:00 am CT.<\/p>\n

 <\/p>\n

Plan your trade and trade your plan.\u00a0<\/a><\/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 03-30-2023<\/p>\n

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

 <\/p>\n

\n
<\/div>\n<\/div>\n

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

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

 <\/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\/ The Rest of the Trading Week Ahead: By Mark O’Brien, Senior broker Tomorrow is GDP – Market moving event. This Friday is First Notice Day for April gold.\u00a0Holding long positions in this futures contract into Friday subjects you to receiving a delivery notice […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,30,61,238],"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-18355","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-futures-broker-2","category-futures-trading-2","category-grain-futures","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\/18355","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=18355"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18355\/revisions"}],"predecessor-version":[{"id":18356,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18355\/revisions\/18356"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}