{"id":19334,"date":"2024-01-03T13:38:20","date_gmt":"2024-01-03T21:38:20","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19334"},"modified":"2024-01-03T13:38:20","modified_gmt":"2024-01-03T21:38:20","slug":"crude-oil-nat-gas-numbers-tomorrow-futures-trading-levels-for-01-04-24","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude-oil-nat-gas-numbers-tomorrow-futures-trading-levels-for-01-04-24\/","title":{"rendered":"Crude Oil & Nat Gas Numbers Tomorrow! +Futures Trading Levels for 01.04.24"},"content":{"rendered":"
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What to look for in the last two trading days of the 1st trading week of 2024:<\/h3>\n

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

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General:\u202f\u00a0<\/strong><\/p>\n

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Welcome to 2024 and best wishes in all your ventures for this year, including your trading, of course.\u202f No matter what markets you\u2019re following and trading, keep an eye out for those forces that move them for directional signals.\u202f And in this inter-connected world there are some big-picture forces to watch as they develop in the coming months.<\/p>\n

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Inflation:<\/strong> Although many futures markets react to national inflation readings, global, regional and other state inflation readings will also move the markets.\u202f Think Europe and China as important areas where inflation fluctuations can influence futures prices.<\/p>\n

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China:<\/strong> All by itself \u2013 its overall economic health, its GDP, its demand for the very commodities traded on U.S. futures exchanges \u2013 is a major point of reference for commodities prices.<\/p>\n

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U.S. monetary policy:<\/strong> plainly tied in part to inflation, our Central Bank is on the verge of entering a new phase in their unceasing mandate to control inflation and foster employment.\u202f Financial markets are entering this year confident that rate cuts are in store beginning sometime this year \u2013 and other advanced economies will be striving and acting similarly as they see fit.<\/p>\n

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The U.S. dollar:<\/strong> our currency is forecast to depreciate as U.S. real economic growth and inflation slows.\u202f Added to the pull, the country\u2019s debt to GDP ratio as reflected in our current account deficit has become unsustainably high. Futures traders should be aware of the general inverse relationship between the value of the dollar and commodities prices. Prices of commodities tend to drop when the dollar strengthens against other major currencies. When the dollar weakens, prices of commodities generally move higher.<\/p>\n

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A busy U.S. electoral calendar:<\/strong>\u202f Get ready for the Iowa Caucus (Jan. 15) and New Hampshire primary (Jan. 23).\u202f They kick off our nation\u2019s election cycle to November 5th when we elect our 47th president among other important state and federal office holders and with tensions already high among the major parties along with differences in economic policies, look for the futures markets to also trade with this tension in the air.<\/p>\n

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A busy international electoral calendar:<\/strong> South of our border, Mexico will hold a presidential vote in June. Taiwan, seemingly a pawn in U.S. \u2013 China relations, but an economic force to be reckoned with, holds its presidential election on Jan. 13.\u202f India, now the world\u2019s most populous nation and a rapidly developing manufacturing powerhouse also goes to the polls in April and May.\u202f While no surprises are in store with both countries\u2019 leaders expected to remain in power, Russia and Ukraine hold elections in March.\u202f Everything from energy to grains have been impacted by the war between the two.<\/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

01-04-2024<\/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
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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   What to look for in the last two trading days of the 1st trading week of 2024: By Mark O’Brien, Senior Broker   General:\u202f\u00a0   Welcome to 2024 and best wishes in all your […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,61,234],"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-19334","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-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\/19334","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=19334"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19334\/revisions"}],"predecessor-version":[{"id":19335,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19334\/revisions\/19335"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}