{"id":18381,"date":"2023-04-12T12:24:57","date_gmt":"2023-04-12T20:24:57","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18381"},"modified":"2023-04-12T12:24:57","modified_gmt":"2023-04-12T20:24:57","slug":"ppi-tomorrow-04-13-2023-trading-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/ppi-tomorrow-04-13-2023-trading-levels\/","title":{"rendered":"PPI Tomorrow + 04.13.2023 Trading Levels"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/span><\/div>\n
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https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Looking at the last two trading days of the week By Mark O’Brien, Senior Broker:<\/h3>\n

General:<\/strong> The March Consumer Price Index came in cooler than expected, showing a rise of 0.1% in March.\u00a0Economists polled by Dow Jones were expecting CPI to rise by 0.2% month over month.<\/p>\n

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Minutes from the Federal Reserve\u2019s\u00a0March policy meeting showed officials feared that the economy could tilt into a mild recession later this year in the wake of the U.S. banking crisis.<\/p>\n

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Yesterday,\u00a0Bitcoin futures (BTC)<\/strong><\/a>\u00a0pushed over the $30,000 level for the first time since June 2022.\u00a0This on the heels of a \u00b110,000-point move from March 10 when the April contract traded to an intraday low of 19,620 and closed at 20,110.<\/p>\n

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Today,\u00a0May orange juice<\/strong><\/a> futures closed at an all-time high\u00a0of $2.8490 per pound a remarkable \u00b180-cent \/ $12,000 move from late January.\u00a0This year, the U.S. orange crop is forecast to be the smallest since 1937.\u00a0Output has generally been in decline since peaking 25 years ago, though this year\u2019s losses in Florida \u2013 a global top producer still \u2013 are extremely sharp.\u00a0Yesterday, the USDA pegged the 2022-2023 U.S. orange crop at 62.25 million boxes, an 86-year low and down 23% on the year.\u00a0That is less than 20% of U.S. output compared to the record 1997-1998 season.<\/p>\n

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May sugar futures<\/strong> <\/a>traded today to\u00a06 1\/2 -year highs and an intraday high of 24.85 cents\/pound continuing its months-long charge from the 17-18-cent range (one cent = $1,120).\u00a0News of lower-than-expected production in some key regions and tightening supplies have persisted into the year.<\/p>\n

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For the seventh consecutive session,\u00a0June gold<\/strong><\/a> has closed above $2,000\/ounce.\u00a0Referencing the Fed minutes mentioned above, economists have cited rising interest rates and now a potentially more acute slowdown in lending after the collapse of several U.S. banks as a possible trigger of a recession this year.\u00a0The prospect of a U.S. recession boosts safe-haven demand for gold, which has been on a tear since early-March \u2013 with a \u00b1$200 per ounce \/ $20,000 move.<\/p>\n

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

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First Notice and Last trading Days for the month of May below<\/p>\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 04-13-2023<\/p>\n

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#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<\/div>\n
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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\/   Looking at the last two trading days of the week By Mark O’Brien, Senior Broker: General: The March Consumer Price Index came in cooler than expected, showing a rise of 0.1% in March.\u00a0Economists polled by Dow Jones were expecting CPI to rise […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,1243,231,76,230,1334],"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-18381","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-bitcoin-futures","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-gold-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\/18381","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=18381"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18381\/revisions"}],"predecessor-version":[{"id":18382,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18381\/revisions\/18382"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}