{"id":19109,"date":"2023-10-26T12:36:29","date_gmt":"2023-10-26T20:36:29","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19109"},"modified":"2023-10-26T12:37:16","modified_gmt":"2023-10-26T20:37:16","slug":"oj-futures-all-time-highs-futures-trading-levels-for-oct-27th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/oj-futures-all-time-highs-futures-trading-levels-for-oct-27th\/","title":{"rendered":"OJ Futures all time highs! + Futures Trading Levels for Oct. 27th"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/span><\/div>\n
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What you need to know before the close of the trading week:<\/h3>\n

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

General:\u00a0<\/strong><\/p>\n

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It will likely be challenging to predict the next stage of the Israel\/Hamas war in terms of how broadly it draws in other participants.\u00a0 For now, diplomatic efforts \u2013 negotiating for the release of hostages, calls for a cease fire, bringing humanitarian aid to civilians in Gaza \u2013 have toned down the severity of the fighting.\u00a0 Concurrently, Israel is softening up the opposition by bombing of targets thought to be Hamas military strongholds and the markets are anticipating the launch of a ground war.<\/p>\n

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Even with the conflict entering its 20th day and seeing how commodities have already reacted in that time, the start of ground fighting and\/or a broadening of participants would likely see sharper moves in particular futures contracts, i.e., gains in energies, flight-to-quality upward movement in gold<\/a> and the Swiss franc<\/a> and even food-related commodities like wheat<\/a>.\u00a0 Conversely, equity index futures \u2013 U.S. and more broadly \u2013 will be vulnerable to draw-downs.\u00a0 Note that the E-mini Nasdaq<\/a> already fell into correction territory on Wednesday following the latest tech earnings.<\/p>\n

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Financials:\u00a0<\/strong><\/p>\n

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One instrument at a potential cross-roads \u2013 it\u2019s current 6-month \/ \u00b1$11K per contract decline a dominant catalyst for dragging shares around the world to multi-month lows \u2013 is the 10-year T-note futures contract<\/a>.\u00a0 Its correspondent benchmark yield is hovering at a 15-yr high of 5%.\u00a0 Already vulnerable to information on the pace of the U.S. economy, the conflict uncertainty poses a new agitator to the market.<\/p>\n

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Crypto:<\/strong><\/p>\n

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After trading down to 3-year lows below 15,000 last October, on Tuesday, Bitcoin futures traded through 35,000, a 17-month high, a \u00b1$10,000 move for a Micro Bitcoin futures contract<\/a> (contract size: 1\/50 Bitcoin), a \u00b1$100,000 for the \u201cadult\u201d \/ Bitcoin futures contract<\/a> (contract size: 5 Bitcoin).<\/p>\n

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Softs:\u00a0<\/strong><\/p>\n

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With new all-time highs being set all year \u2013 almost weekly \u2013 orange juice futures<\/a> (basis Nov.) are poised to break through $4.00\/lb. (contract size: 15,000 lbs, 1 cent = $150), more than double its \u00b1$1.85 levels in January, a \u00b1$32,000 per contract move.\u00a0 Florida orange growers harvested their smallest crop in nearly 90 years, the result of an ill-timed freeze, two hurricanes and the citrus psyllid, a tiny invasive winged insect that has spread citrus greening disease and is laying waste to Florida\u2019s groves.<\/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

10-27-2023<\/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
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\n
\u00a01-800-454-9572\u00a0Explore trading methods.\u00a0Register Here<\/a><\/div>\n


\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\/ What you need to know before the close of the trading week: By Senior Broker, Mark O’Brien General:\u00a0   It will likely be challenging to predict the next stage of the Israel\/Hamas war in terms of how broadly it draws in other participants.\u00a0 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,1243,231,76,167,230,1491,70,30,3,61,344,1484],"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-19109","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-bitcoin-futures","category-commodity-brokers-2","category-commodity-trading-2","category-currency-futures","category-day-trading-2","category-e-mini-futures","category-future-trading-platform","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","category-indices","category-nasdaq","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\/19109","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=19109"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19109\/revisions"}],"predecessor-version":[{"id":19111,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19109\/revisions\/19111"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}