{"id":18784,"date":"2023-08-07T12:13:54","date_gmt":"2023-08-07T20:13:54","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18784"},"modified":"2023-08-07T12:13:54","modified_gmt":"2023-08-07T20:13:54","slug":"week-ahead-what-to-watch-out-for-trading-levels-for-august-8th-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/week-ahead-what-to-watch-out-for-trading-levels-for-august-8th-2023\/","title":{"rendered":"Week Ahead: What to Watch Out For + Trading Levels for August 8th 2023"},"content":{"rendered":"<div align=\"center\">\n<div align=\"justify\">\n<div><span style=\"text-align: left;\">Get Real Time updates and more on our private FB group!<\/span><\/div>\n<div>\n<div align=\"justify\">\n<div style=\"text-align: center;\" align=\"justify\">\n<div style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001KRg6On04gjknOfysn89cEhkyXgAxXigZc1_AdekBblRz4Cwp2yofkpGH8rpms9Q30D0wjhFS1q8yG11pQf1KRy2bpIyH4uwMgzWcI-wb74TdqgA-DQitbpTeoWmib8qwdH8ve86kM_6EWihst10TitotvFRrtw2C0HgnNGJLkXUXb6ec7AaQGNxU6EuLQxHI&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<h3>The Week Ahead, by John Thorpe, Senior Broker<\/h3>\n<p>A sleepy week for market moving info EXCEPT!&#8230;. \u00a0 \u00a0 if you are trading the financial futures products you look for earnings reports and economic numbers to fuel the big moves you can profit ( or lose&#8230;) from, this week we have&#8230;.<\/p>\n<p>Well, the major earnings reports seem to be behand us but we still have companies that are proxies for gauging economic health, \u00a0this week&#8217;s biggest one is UPS, on Tuesday before the open. \u00a0 Yellow trucking is bankrupt, what say UPS and it&#8217;s delivery wagons? \u00a0I snipped this from Seeking Alpha The consensus <a href=\"https:\/\/seekingalpha.com\/symbol\/UPS\/earnings\/estimates?hasComeFromMpArticle=false&amp;source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews\" target=\"_blank\" rel=\"noopener\">EPS estimate is $2.50<\/a>\u00a0and the consensus revenue estimate is $23.12 billion.<\/p>\n<ul>\n<li>Over the last 2 years, UPS\u00a0<a href=\"https:\/\/seekingalpha.com\/symbol\/UPS\/earnings\/eps-surprise-summary?hasComeFromMpArticle=false&amp;source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews\" target=\"_blank\" rel=\"noopener\">has beaten EPS estimates<\/a>\u00a088% of the time and has beaten revenue estimates 63% of the time.<\/li>\n<\/ul>\n<p>Fewer economic numbers this week\u00a0but we have a whopper on Thursday early, July\u00a0CPI will be released at 7:30 am CDT<\/p>\n<p>PPI is on Friday morning\u00a0and for you stalwart grain traders Friday @ 9:00 CDT WASDE, Crop production and USDA Supply and Demand , these numbers are critical to marketing efforts this time of year and could create large price swings\u00a0call you broker and ask about grain options before the reports to take advantage of Friday Grain Volatility and beyond!<\/p>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\n<div align=\"justify\"><a href=\"https:\/\/www.cannontrading.com\/tools\/intraday-futures-trading-signals\" target=\"_blank\" rel=\"noopener\">Plan your trade and trade your plan.<\/a><\/div>\n<div align=\"justify\"><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">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<h3><strong>Futures Trading Levels<\/strong><\/h3>\n<p>08-08-2023<\/p>\n<figure style=\"width: 578px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/6b46eb75-7f5f-4c57-955c-d43f54af79d5.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"578\" height=\"702\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: left;\" align=\"center\">Improve Your Trading Skills<\/h2>\n<div style=\"text-align: left;\" align=\"center\">Get access to proprietary indicators and trading methods,\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile\" target=\"_blank\" rel=\"noopener noreferrer\">consult with an experienced broker<\/a><\/div>\n<div style=\"text-align: left;\" align=\"center\">\u00a01-800-454-9572\u00a0Explore trading methods.\u00a0<a href=\"https:\/\/www.cannontrading.com\/tools\/intraday-futures-trading-signals\" target=\"_blank\" rel=\"noopener noreferrer\">Register Here<\/a><\/div>\n<h3><a href=\"http:\/\/www.forexfactory.com\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n<\/a><strong>Economic Reports, Source:\u00a0<\/strong><\/h3>\n<p><a href=\"http:\/\/Forexfactory.com\" target=\"_blank\" rel=\"noopener\">Forexfactory.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3183cd0d-19ec-49a6-92b7-332c5309b298.jpg\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0<a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon 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":"<p>Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ The Week Ahead, by John Thorpe, Senior Broker A sleepy week for market moving info EXCEPT!&#8230;. \u00a0 \u00a0 if you are trading the financial futures products you look for earnings reports and economic numbers to fuel the big moves you can profit ( [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,30,61,358],"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-18784","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-futures-trading-education","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\/18784","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=18784"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18784\/revisions"}],"predecessor-version":[{"id":18785,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18784\/revisions\/18785"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}