{"id":18760,"date":"2023-07-26T12:12:30","date_gmt":"2023-07-26T20:12:30","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18760"},"modified":"2023-07-26T12:12:30","modified_gmt":"2023-07-26T20:12:30","slug":"highlights-announcements-trading-levels-for-7-27-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/highlights-announcements-trading-levels-for-7-27-2023\/","title":{"rendered":"Highlights, Announcements + Trading Levels for 7.27.2023"},"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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Bullet Points, Highlights, Announcements<\/h3>\n

By Mark O’Brien, Senior Broker<\/p>\n

General:<\/p>\n

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As expected, today Federal Reserve officials raised interest rates by 25 basis points.\u00a0This puts the Federal Funds Rate \u2013 the central bank\u2019s key borrowing rate \u2013 at a range of 5.25 to 5.50.\u00a0This is the highest level at which Fed Funds have been set since 2001.\u00a0The vote was unanimous among the Fed governors to take this latest step in the bank\u2019s efforts to rein in inflation and cool the economy.\u00a0This increase is the latest in the fed\u2019s months-long effort to rachet up borrowing costs resulting in a reduction in demand for goods, services and labor in the economy.<\/p>\n

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WTI crude oil<\/a>\u00a0has been repeatedly plumbing its lows of the year between $67 and $70 per barrel the entire second quarter.\u00a0Yesterday it traded within 10 cents of $80.00 per barrel intraday (basis Sept.) to 3-month highs \u2013 a solid \u00b1$12 per barrel move this month; a \u00b1$12,000 per contract move.\u00a0Analysts largely attribute the increase to recently announced output cuts by Saudi Arabia and Russia.<\/p>\n

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September soybeans<\/a>\u00a0traded up 21 \u00bc cents today to this crop year\u2019s and life-of-contract highs, closing at $15.56 \u00bd per bushel.\u00a0The current rally off it\u2019s late-May lows just above $12.00 per bushel (a \u00b1$17,500 per contract move) reflect the continued sentiment that U.S. soybean crop conditions will continue to deteriorate as harvest approaches.<\/p>\n

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

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Plan your trade and trade your plan.<\/a><\/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 07-27-2023<\/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\/ Bullet Points, Highlights, Announcements By Mark O’Brien, Senior Broker General:   As expected, today Federal Reserve officials raised interest rates by 25 basis points.\u00a0This puts the Federal Funds Rate \u2013 the central bank\u2019s key borrowing rate \u2013 at a range of 5.25 to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,119,237,30,238],"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-18760","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-brokers-2","category-commodity-trading-2","category-crude-oil","category-energy-futures","category-futures-broker-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\/18760","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=18760"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18760\/revisions"}],"predecessor-version":[{"id":18762,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18760\/revisions\/18762"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}