{"id":19122,"date":"2023-11-01T12:26:15","date_gmt":"2023-11-01T20:26:15","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19122"},"modified":"2023-11-01T12:26:15","modified_gmt":"2023-11-01T20:26:15","slug":"the-day-after-fomc-futures-trading-levels-for-nov-2nd","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/the-day-after-fomc-futures-trading-levels-for-nov-2nd\/","title":{"rendered":"The Day After FOMC + Futures Trading Levels for Nov. 2nd"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/span><\/div>\n
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The Day After?<\/h3>\n

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

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

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Prior to this blog\u2019s release, the Federal Reserve Bank\u2019s Open Market Committee held rates steady at 5.25% – 5.50% for the second consecutive meeting, yet another indication that the global central bank rate hike cycle is coming to an end.\u00a0 At the same time, Fed. chair Powell stayed on message by suggesting more rate hikes could be in the pipeline should inflation remain \u201csticky.\u201d<\/p>\n

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Keep in mind that a favorite inflation gauge of the Fed is the quarterly Core Personal Consumption Expenditures Index (Core PCE), which last Friday recorded its eighth monthly decline in a row \u2013 down to a 3.68% YOY increase and the lowest reading since May 2021.<\/p>\n

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

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If there was a fear \/ anticipation that the crisis in the Middle East would lead to extended physical supply disruptions for the energy markets, that fear \u2013 and crude oil prices<\/a> \u2013 has abated in the last week or so.\u00a0 After its initial \u00b1$2.00 per barrel gap-up opening to \u00b1$83.25 per barrel the Sunday after the outbreak of hostilities, Dec. crude oil<\/a> spent two weeks reaching up to $89.85 intraday on Friday the 20th.\u00a0 As of this typing, it\u2019s trading over $9.00 per barrel lower near $80.00 per barrel, below pre-hostility prices.\u00a0 Certainly without notice, the war could escalate.\u00a0 Expansion militarily between the current parties involved, or in concert with expanded state or non-state participation including the United States, Iran, Syria, Hezbollah could inject a \u201cwar premium\u201d into energy prices and extend to other commodities.<\/p>\n

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

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The point here is not to opine that this is the direction the conflict will go.\u00a0 There are a range of possible scenarios for the Israel-Gaza conflict, from an expansion to a broader regional war to a negotiated cessation of hostilities.\u00a0 There are parties and catalysts capable of steering the situation in either direction.<\/p>\n

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The idea is to caution traders of the potential for increased volatility and to suggest you approach your futures trading generally with risk-defined strategies, such as hard stop orders, option protection, hedge positions & futures and options spread applications.<\/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

11-02-2023<\/p>\n

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\"#ES,
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n

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\/ The Day After? By Senior Broker, Mark O’Brien   General:\u00a0   Prior to this blog\u2019s release, the Federal Reserve Bank\u2019s Open Market Committee held rates steady at 5.25% – 5.50% for the second consecutive meeting, yet another indication that the global central bank […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,119,230,237,30,3,61,234],"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-19122","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-brokers-2","category-commodity-trading-2","category-crude-oil","category-day-trading-2","category-energy-futures","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","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\/19122","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=19122"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19122\/revisions"}],"predecessor-version":[{"id":19123,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19122\/revisions\/19123"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}