{"id":19684,"date":"2024-04-16T12:33:30","date_gmt":"2024-04-16T20:33:30","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19684"},"modified":"2024-04-16T12:33:30","modified_gmt":"2024-04-16T20:33:30","slug":"coffee-outlook-beige-book-and-crude-oil-numbers-levels-for-april-17th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/coffee-outlook-beige-book-and-crude-oil-numbers-levels-for-april-17th\/","title":{"rendered":"Coffee Outlook, Beige Book and Crude Oil Numbers + Levels for April 17th"},"content":{"rendered":"
Get Real Time updates and more by joining our Private Facebook Group<\/a>!<\/span><\/div>\n
Subscribe to our\u00a0YouTube Channel<\/a><\/span><\/div>\n
\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Powell spoke and stock index futures traded in a volatile, zig zag type of trading most of the day unable to break one way or the other and closing near the unchange.<\/p>\n

On the daily chart, both the SP<\/a> and NASDAQ<\/a> are noticing more pressure to the downside.<\/p>\n

One of the keys for day Traders is to try and establish early on what type of day trading environment they are in.<\/p>\n

Is this going to be a trend day it is this going to be a choppy low volatility trading day? is the day unfolding has a potential to be a volatile two-sided type of trading day?<\/p>\n

Being aware of the top of trading day that is unfolding in front of you can help you decide which strategies to apply on that trading day.<\/p>\n

Knowing what reports are coming out. the general direction of the long term charts can help you.<\/p>\n

Different strategies will work better in different type of trading environments.<\/p>\n

On a different note, softs, i.e. Cocoa<\/a>, cotton<\/a>, Coffee<\/a> , Sugar<\/a>, OJ<\/a> are experiencing much higher volatility than historical norms. Cocoa<\/a> just dropped close to 8% today after trading above the historical mark of $100 per metric ton.<\/p>\n

below you will see a daily chart of Coffee futures<\/a> and possible future direction.<\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/p>\n

Daily Levels for April 17th, 2024<\/h3>\n

\"\"<\/p>\n

\"\"<\/a><\/p>\n

Economic Reports<\/strong><\/div>\n
provided by:\u00a0<\/a>ForexFactory.com<\/a><\/div>\n
All times are Eastern Time ( New York)<\/div>\n
<\/div>\n
\"\"<\/div>\n
<\/div>\n
<\/div>\n
\n

Improve Your Trading Skills<\/h2>\n

Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a> at 1-800-454-9572.<\/p>\n

Explore trading methods.\u00a0Register Here<\/a><\/p>\n

\"\"<\/a><\/span><\/div>\n

* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon 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.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more by joining our Private Facebook Group! Subscribe to our\u00a0YouTube Channel     Powell spoke and stock index futures traded in a volatile, zig zag type of trading most of the day unable to break one way or the other and closing near the unchange. On the daily chart, both […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,1434,231,76,230,30,61,238,344],"tags":[],"class_list":["post-19684","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-futures-broker-2","category-futures-trading-2","category-grain-futures","category-indices"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19684","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=19684"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19684\/revisions"}],"predecessor-version":[{"id":19686,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19684\/revisions\/19686"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}