{"id":19088,"date":"2023-10-18T12:27:06","date_gmt":"2023-10-18T20:27:06","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19088"},"modified":"2023-10-18T12:27:06","modified_gmt":"2023-10-18T20:27:06","slug":"geo-political-situation-moving-prices-futures-trading-levels-for-oct-19th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/geo-political-situation-moving-prices-futures-trading-levels-for-oct-19th\/","title":{"rendered":"Geo Political Situation Moving Prices + Futures Trading Levels for Oct. 19th"},"content":{"rendered":"
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Geo political situation is taking over….<\/h3>\n

By Senior Broker, Mark O’Brien<\/em><\/p>\n

The conflict in the Middle East once again demonstrates the potency of geopolitical events in influencing commodities prices \u2013 to the degree that they can overpower other conventional fundamentals.<\/p>\n

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One notable move: on the Sunday, Oct. 7th opening of trading, Dec. gold<\/a> gapped up \u00b1$16 from its Friday $1845.2 close (and an 11-month intraday low of $1823.50) and today is flirting above $1950 per ounce.<\/p>\n

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Obviously, the most significant event in the midst of the conflict is the overnight hospital bombing in Gaza.\u00a0That effectively nullified\u00a0U.S. Secretary of State Antony Blinken\u2019s week-long travels meeting with Arab leaders to try to ease tensions.\u00a0Cancelled was a summit planned in Jordan on Wednesday between President Biden, King Abdullah II of Jordan, Egyptian President Abdel Fattah el-Sissi and Palestinian President Mahmoud Abbas.\u00a0All this\u00a0increases the prospects of a broadening of the participants in the conflict and keeping it the focal point among commodities.<\/p>\n

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What events like those in the Middle East can also do is amplify market movement established by\u00a0conventional fundamentals.\u00a0Futures markets already sensitive to global geopolitical events \u2013 energies, precious metals, stock indexes, interest rates in particular \u2013 can react excessively in the face of the compounding happenings going on.<\/p>\n

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Keep this mind in your trading.\u00a0Be aware of the potential for expanded price ranges and sharper market turns.<\/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

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Futures Trading Levels<\/strong><\/h3>\n

10-19-2023<\/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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Improve Your Trading Skills<\/h2>\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 more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Geo political situation is taking over…. By Senior Broker, Mark O’Brien The conflict in the Middle East once again demonstrates the potency of geopolitical events in influencing commodities prices \u2013 to the degree that they can overpower other conventional fundamentals.   One notable […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,782,30,3,61,1334,236,234],"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-19088","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-economic-trading","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","category-gold-futures","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\/19088","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=19088"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19088\/revisions"}],"predecessor-version":[{"id":19089,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19088\/revisions\/19089"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}