{"id":19248,"date":"2023-12-18T13:18:02","date_gmt":"2023-12-18T21:18:02","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19248"},"modified":"2023-12-18T13:18:02","modified_gmt":"2023-12-18T21:18:02","slug":"trading-in-the-last-two-weeks-of-2023-futures-trading-levels-for-12-19-23","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-in-the-last-two-weeks-of-2023-futures-trading-levels-for-12-19-23\/","title":{"rendered":"Trading in the last two weeks of 2023 +Futures Trading Levels for 12.19.23"},"content":{"rendered":"
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The Week Ahead:\u00a0And 2023 is almost over…..<\/h3>\n

By John Thorpe, Senior Broker<\/em><\/p>\n

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The December 18th week is the second to last before the week between Christmas and New Years.<\/p>\n

It may be hard to find much to get markets excited about now that the final FOMC meeting of 2023 is out of the way.<\/p>\n

Confidence is high that the Fed is done raising rates in this cycle, which makes the economic outlook more certain and one which includes rate cuts sooner or later. Most of the data from this point forward is probably backward looking, This weeks GDP is the final iteration from the BEA Bureau of Economic Analysis for Q3 after a knock the barn door off 2nd\u00a0revision last month increase of 5.2 percent. We will see early Thursday morning if the second iteration was correct.<\/p>\n

Because the housing numbers this week are also backward looking, the data will be reflective of a time period where the mortgage rates had been at their highest levels in over 25 years. Mortgage rates have come down a few shades since the late summer and fall peaks of over 7 1\/2%.\u00a0As of this writing, the 30-year fixed can be had for under 7 through some outlets for the most credit worthy home buyers.<\/p>\n

Housing starts, Existing home sales and New home sales, Tuesday, Thursday and Friday. The probability of a .25 point fed funds ease for the Fed\u2019s March meeting is currently @ 63.4 %\u00a0per the CME\u2019s Fedwatch tool. The FOMC has a January meeting scheduled, but no February event.<\/p>\n<\/div>\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

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12-19-2023<\/p>\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
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\n<\/a>Economic Reports, <\/strong><\/h3>\n

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\/ Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel   The Week Ahead:\u00a0And 2023 is almost over….. By John Thorpe, Senior Broker   The December 18th week is the second to last before the week between Christmas and New Years. It may be hard […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,782,30,61],"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-19248","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-trading-2","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\/19248","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=19248"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19248\/revisions"}],"predecessor-version":[{"id":19249,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19248\/revisions\/19249"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}