{"id":19700,"date":"2024-04-23T12:14:29","date_gmt":"2024-04-23T20:14:29","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19700"},"modified":"2024-04-23T12:14:29","modified_gmt":"2024-04-23T20:14:29","slug":"bullet-points-highlights-announcements-levels-for-april-24th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/bullet-points-highlights-announcements-levels-for-april-24th\/","title":{"rendered":"Bullet Points, Highlights, Announcements\u202f + Levels for April 24th"},"content":{"rendered":"
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Bullet Points, Highlights, Announcements<\/span><\/b><\/span>\u202f<\/span><\/span>\u202f\u202f<\/span><\/span>\u00a0<\/span><\/span><\/p>\n

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

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

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Futures traders with positions in deliverable futures contracts keep an eye on the calendar for important dates at the end of the month.\u00a0First Notice Day (FND) and Last Trading Day (LTD) for many futures contracts are close at hand.\u00a0Make sure you steer safely clear of receiving delivery notices for physical commodities (FND), or greatly reduced liquidity (LTD).\u00a0If you\u2019re unsure, contact your Cannon Trading Co. broker.<\/p>\n

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The economic calendar for the rest of the week is scarce with Thursday\u2019s Q1 GDP report taking center stage.<\/p>\n

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Prospects for a fed rate cut announcement at the Fed\u2019s 4\/30-5\/1 meeting, as well as its mid-June meeting have all but evaporated and many Fed watchers expect the central bank to keep its \u201chigher for longer\u201d mantra in place for most and possibly all of 2024.<\/p>\n

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Worries over a wider Middle East conflict have subsided and traders are discounting the risk of further escalations.\u00a0Case in point, June gold lost \u00b167 per ounce (\u00b12%) yesterday after posting its latest all-time record high close of $2,413.80\/ounce on Friday.\u00a0Iran downplayed Israel’s retaliatory drone strike against it, in what appeared to be a move aimed at averting regional escalation.<\/p>\n

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

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