{"id":20877,"date":"2025-01-21T13:26:00","date_gmt":"2025-01-21T21:26:00","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20877"},"modified":"2025-01-21T13:32:22","modified_gmt":"2025-01-21T21:32:22","slug":"post-mlk-market-moves-dollar-dives-commodities-rally-and-equities-surge","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/post-mlk-market-moves-dollar-dives-commodities-rally-and-equities-surge\/","title":{"rendered":"Post-MLK Market Moves: Dollar Dives, Commodities Rally, and Equities Surge"},"content":{"rendered":"\n\n\n
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Pass the Knowledge – Feel Free to Forward to a Friend!<\/p>\n

Join our\u00a0Private Facebook group<\/a><\/p>\n

Subscribe to our\u00a0YouTube Channel<\/a><\/p>\n

Listen to our podcast: Subscribe on\u00a0Apple<\/a>,\u00a0Spotif<\/a>y,\u00a0Amazon<\/a>,\u00a0or wherever you listen to podcasts!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Movers and shakers!<\/h3>\n

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

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Post MLK Holiday and the 60th\u00a0\u00a0U.S. Presidential Inauguration the markets are on the move.<\/p>\n

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The U.S.Dollar is getting whacked,\u00a0down 1.35\u00a0( Crypto headlines emanating from the Whitehouse perhaps?)<\/p>\n

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From the Energy Markets giving back some of their gains \u201cDrill baby Drill\u201d from the past few trading sessions, to the Precious metals , inching a little higher after a tremendous downward push last night producing a Bullish engulfing pattern after today\u2019s session. (lower lows , higher highs and closing on the high side during the same trading session)<\/p>\n

Soybeans, really took off, up 33 plus cents in the front months\u00a0(old Crop)\u00a0along with all the row crops, Corn, Wheat, Oats. The deferreds were strong as well, Novemebr and Jan 2026 up 20 cents<\/p>\n

Equities have re asserted their rally maintaining the bullish push from the day election rally.<\/p>\n

ECB President LaGarde Speaks @9:15 CST a.m.<\/p>\n

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

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Daily Levels for January 22nd, 2024<\/strong><\/h3>\n

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Economic Reports<\/strong><\/h3>\n
provided by:\u00a0<\/a>ForexFactory.com<\/a><\/em><\/div>\n
All times are Eastern Time ( New York)<\/em><\/div>\n
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Good Trading!<\/div>\n
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About:\u00a0Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.<\/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.\u00a0You 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.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Pass the Knowledge – Feel Free to Forward to a Friend! Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel Listen to our podcast: Subscribe on\u00a0Apple,\u00a0Spotify,\u00a0Amazon,\u00a0or wherever you listen to podcasts! Movers and shakers! By John Thorpe, Senior Broker   Post MLK Holiday and the 60th\u00a0\u00a0U.S. Presidential Inauguration the markets are on the move.   The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1434,231,76,1522,230,67,30],"tags":[],"class_list":["post-20877","post","type-post","status-publish","format-standard","hentry","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-corn-futures","category-day-trading-2","category-future-trading-news","category-futures-broker-2"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20877","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=20877"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20877\/revisions"}],"predecessor-version":[{"id":20880,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20877\/revisions\/20880"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}