{"id":21051,"date":"2025-02-19T13:34:28","date_gmt":"2025-02-19T21:34:28","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=21051"},"modified":"2025-02-19T13:34:28","modified_gmt":"2025-02-19T21:34:28","slug":"gold","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/gold\/","title":{"rendered":"Market Updates: S&P 500, Crude Oil, and Gold Movements"},"content":{"rendered":"

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The Day Ahead in Futures Trading <\/em><\/h1>\n

by Mark O’Brien, Senior Broker<\/em><\/h1>\n

S&P 500, Gold, Crude Oil<\/h3>\n

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Bullet Points, Highlights, Announcements<\/p>\n

Indexes:<\/p>\n

The March E-mini S&P 500 traded within striking distance of its life-of-contract high posted back on Dec. 4th and 6th (6164.00) breaching that price intraday with a 6166.50 print and closing today at 6163.00<\/p>\n

Energy:<\/p>\n

Oil prices rose on Wednesday, extending gains to a third-consecutive session amid growing supply worries.<\/p>\n

March futures for West Texas Intermediate Crude traded briefly above $73.00 per barrel, a \u00b175 intraday increase and trading up \u00b1 46 cents per barrel at \u00b1$72.31.<\/p>\n

If you missed it, EIA Energy Stocks were NOT released today, as is usual.\u00a0 Due to the Presidents\u2019 Day holiday, the report will be release tomorrow, 30 minutes after the EIA Gas Stocks report: 7:30 A.M., Central Time (gas), 8:00 A.M. (energy).<\/p>\n

Metals<\/u><\/strong>:<\/p>\n

Gold prices wavered near unchanged at this blog\u2019s submission after trading \u00b1$15 above and below yesterday\u2019s settlement and near its all-time highs near $2,950 per ounce.<\/p>\n

Fueling safe-haven demand for the precious metal, the Trump administration plans to impose tariffs of around 25% on U.S. bound autos and auto-building components, semiconductors and pharmaceuticals as early as April 2.<\/p>\n

April gold futures have gained about 12% so far this year, with analysts expecting higher prices in a trade war.\u00a0 On Monday, Goldman Sachs raised its year-end 2025 gold price forecast to $3,100 per ounce.<\/p>\n

Daily Levels for February 20th, 2025<\/h1>\n

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Want to feature our updated trading levels on your website?\u00a0Simply paste a small code, and they’ll update automatically every day!\u00a0Click here for quick and easy instructions<\/a>.<\/h4>\n

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Economic Reports<\/h1>\n

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

All times are Eastern Time (New York)<\/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.\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
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The Day Ahead in Futures Trading by Mark O’Brien, Senior Broker S&P 500, Gold, Crude Oil Bullet Points, Highlights, Announcements Indexes: The March E-mini S&P 500 traded within striking distance of its life-of-contract high posted back on Dec. 4th and 6th (6164.00) breaching that price intraday with a 6166.50 print and closing today at 6163.00 […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1243,1434,231,76,119,167,230,1491,67,30,3,61,358,235,344,236,1484,1439,233,1378,234],"tags":[357,36,19],"class_list":["post-21051","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-crude-oil","category-currency-futures","category-day-trading-2","category-e-mini-futures","category-future-trading-news","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","category-futures-trading-education","category-index-futures","category-indices","category-metal-futures","category-nasdaq","category-natural-gas","category-options-trading-2","category-sp-500","category-trading-guide","tag-crude-oil-2","tag-gold","tag-sp-500"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21051","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=21051"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21051\/revisions"}],"predecessor-version":[{"id":21053,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21051\/revisions\/21053"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=21051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=21051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=21051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}