{"id":21027,"date":"2025-02-11T13:38:17","date_gmt":"2025-02-11T21:38:17","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=21027"},"modified":"2025-02-11T13:38:47","modified_gmt":"2025-02-11T21:38:47","slug":"coffee-2","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/coffee-2\/","title":{"rendered":"Coffee, Cattle, and Crops: Market Swings Amid Powell & CPI Anticipation"},"content":{"rendered":"

\"\"<\/p>\n

 <\/p>\n

Coffee<\/h1>\n

Movers & Shakers by John Thorpe, Senior Broker<\/h1>\n\n\n\n
\n\n\n\n
Movers and Shakers: Tomorrow (CPI) before the open, CSCO After the close<\/p>\n

 <\/p>\n

Fed Powell\u2019s testimony in the Senate had the market moving today.<\/p>\n

Gold started to sell off well before the testimony began, down $25.00 then as Powell spoke @ 10 EST, the market rallied from that point in somewhat of a slough to unchanged, but struggled to breakout and looks to close a shade off yesterday, down 8 bucks. Holding rates for quite some time longer didn\u2019t add fuel to the current rally.\u00a0Powell testifies tomorrow in the House, same time.<\/p>\n

 <\/p>\n

The S&P 500 rallied from Powell\u2019s opening remarks 20 points, then fell back at the 2-hour mark to where it began:6070.00 only to rally NEARLY 30 POINTS FROM THERE AFTER THE CONCLUSION.\u00a0However, they look to close unchanged at the time of this writing. 6088.00.\u00a0\u00a0This was a very tradeable day.<\/p>\n

 <\/p>\n

After scanning several markets Energies, Bonds, Dollar index. They all finished the day right about where they were prior to Powell\u2019s opening remarks except for the US Dollar, which closed lower as Gold retained some of its luster.<\/p>\n

 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

\"\"<\/td>\n\n\n\n\n
Corn<\/p>\n

WASDE was released this morning as well, whose results weighed on domestic Ag row crop prices, Beans down 6 cents, Corn down 7.5-6.25 for old crop, new crop Dec down a penny (will grains in the future be quoted in pennies with the dissolution of the one cent coin?) Wheat down between 2.5 to 7 cents across the board and protein spectrum. Cotton bucked the trend and had a strong rally after the numbers, up .74 basis the May contract.<\/p>\n

 <\/p>\n

Coffee<\/p>\n

As for the softs, Coffee lost some caffeine today, down from its all-time highs, 15 + cents per pound @ 413.45. This drop comes after a strong rally in recent sessions, fueled by supply concerns and robust demand. However, profit-taking and shifting sentiment in the broader commodities market may have contributed to today\u2019s pullback. Traders will be watching for any signs of renewed momentum or further correction in the days ahead, particularly with currency fluctuations and weather patterns in key coffee-growing regions influencing price action. That’s Coffee!<\/p>\n

 <\/p>\n

Market volatility is here to stay for the foreseeable future.<\/p>\n

Choose your opportunities wisely.<\/p>\n

 <\/p>\n

Tomorrow: CPI (Consumer Price Index) before the open, Fed Powell Testimony in the House of Representatives 9 am CST, Fed Bostic 11:00 am CST. Earnings: Cisco After the close, CME Group, before the open<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
March Feeder Cattle<\/p>\n

The January 21st QT Chart of the Day alerted readers that the March feeder cattle chart was approaching its third upside PriceCount objective. After reaching this target area, the chart corrected lower and activated downside PriceCounts in the process. At this point, if you can extend its break with new sustained lows, the second count would project a slide to the 261.59 area.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"\"<\/p>\n

Daily Levels for February 12th, 2025<\/h1>\n

\"\"<\/p>\n

\"\"<\/p>\n

 <\/p>\n

Economic Reports<\/h1>\n

provided by:\u00a0<\/a>ForexFactory.com<\/a><\/p>\n

All times are Eastern Time (New York)<\/p>\n

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

Find us on Trustpilot<\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\n
\"\"<\/a><\/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
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n

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.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\n
Call Now<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\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><\/p>\n

or wherever you listen to podcasts!<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\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
\n\n\n\n
\"Facebook\"<\/a>\u00a0\u00a0\"Instagram\"<\/a>\u00a0\u00a0\"LinkedIn\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\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
\n\n\n\n
\n\n\n\n
\"\"<\/a><\/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\n
\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
\n\n\n\n
\n\n\n\n
\n\n\n\n
\n\n\n\n
Services<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
Software<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
Tools<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
Community<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n\n
Contact<\/a><\/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<\/td>\n<\/tr>\n
\n\n\n\n
\n\n\n\n
\n\n\n\n
\n\n\n\n
Cannon Trading Co Inc<\/span><\/p>\n

12100 Wilshire Blvd <\/span><\/p>\n

Suite 1640<\/span><\/p>\n

Los Angeles, CA 90025 US<\/span><\/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<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

  Coffee Movers & Shakers by John Thorpe, Senior Broker Movers and Shakers: Tomorrow (CPI) before the open, CSCO After the close   Fed Powell\u2019s testimony in the Senate had the market moving today. Gold started to sell off well before the testimony began, down $25.00 then as Powell spoke @ 10 EST, the market […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1434,231,76,1522,119,167,230,782,239,67,70,30,61,358,235,1439],"tags":[1621,1620,1622,682],"class_list":["post-21027","post","type-post","status-publish","format-standard","hentry","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-corn-futures","category-crude-oil","category-currency-futures","category-day-trading-2","category-economic-trading","category-financial-futures","category-future-trading-news","category-future-trading-platform","category-futures-broker-2","category-futures-trading-2","category-futures-trading-education","category-index-futures","category-natural-gas","tag-cattle","tag-coffee","tag-crops","tag-feeder-cattle-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21027","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=21027"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21027\/revisions"}],"predecessor-version":[{"id":21030,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21027\/revisions\/21030"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=21027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=21027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=21027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}