{"id":19194,"date":"2023-11-29T13:28:34","date_gmt":"2023-11-29T21:28:34","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19194"},"modified":"2023-11-29T13:28:34","modified_gmt":"2023-11-29T21:28:34","slug":"core-pce-tomorrow-futures-trading-levels-for-nov-30th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/core-pce-tomorrow-futures-trading-levels-for-nov-30th\/","title":{"rendered":"Core PCE Tomorrow + Futures Trading Levels for Nov. 30th"},"content":{"rendered":"
\n
\n
Get Real Time updates and more on our private FB group!<\/span><\/div>\n
\n
\n
\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>\n
<\/div>\n
\n

\n<\/div>\n

\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n

Updates and Bullet Points:<\/h3>\n

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

 <\/p>\n

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

 <\/p>\n

While the Federal Reserve and its main voice Jerome Powell have been steadfast in declaring that interest rates would not be coming down unless the FOMC saw broad definitive proof that inflation was falling, traders have been pricing in that eventuality since the end of October.\u00a0In just the last three weeks, the E-mini S&P 500<\/a> climbed out of correction territory and the yield on the 10-year T-note<\/a> slid from the 5.00% it touched prior to the last Fed meeting down to 4.30% overnight.\u00a0Never mind the CME Fed watch tool pegs the potential for a 25-basis points rate cut at the Fed\u2019s December 13th meeting at a slim 1.1% and at 3.1% at their January 31st\u00a0meeting.\u00a0What likely has traders\u2019 attention: the Fed Funds futures contract sees the probability of a 25-basis point cut at the March 20th Fed meeting at 40.6%.\u00a0Don\u2019t count on to begin to telegraph any sort of pivot until the Fed deems any signs of slowing growth as entrenched and that should take some time.\u00a0The Fed will turn a cold shoulder to making quick moves as they do not want to reignite the inflation fire before it is extinguished.<\/p>\n

 <\/p>\n

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

 <\/p>\n

As the conversation shifts from rate hikes to cuts, the U.S. dollar is on track to hit its\u00a0lowest level in months.<\/p>\n

 <\/p>\n

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

 <\/p>\n

In the scenario that the dollar and treasury yields continue to fall, look for precious metals like gold<\/a> and silver<\/a> to continue their ascent.\u00a0Gold<\/a> has already climbed over $200 per ounce in less than two months, from its October 5th close at $1850.80 \/ ounce to its second day closing above $2050 \/ ounce yesterday and today (basis February) \u2013 a \u00b1$20,000 per contract move for the standard 100-oz. futures contract.<\/p>\n<\/div>\n

<\/div>\n
\n

 <\/p>\n<\/div>\n

<\/div>\n

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

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

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

\"\"<\/a><\/h3>\n

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

11-30-2023<\/p>\n

<\/div>\n
\"#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

\"\"<\/p>\n

 <\/p>\n

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\/ Updates and Bullet Points: By Mark O’Brien, Senior Broker   General:\u00a0   While the Federal Reserve and its main voice Jerome Powell have been steadfast in declaring that interest rates would not be coming down unless the FOMC saw broad definitive proof that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,1491,30,3,61,235,344,236,1378],"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-19194","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-e-mini-futures","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","category-index-futures","category-indices","category-metal-futures","category-sp-500","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\/19194","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=19194"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19194\/revisions"}],"predecessor-version":[{"id":19195,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19194\/revisions\/19195"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}