{"id":21404,"date":"2025-04-15T13:48:15","date_gmt":"2025-04-15T20:48:15","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=21404"},"modified":"2025-04-15T13:48:15","modified_gmt":"2025-04-15T20:48:15","slug":"standard-and-poors","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/standard-and-poors\/","title":{"rendered":"Powerful Market Shift: Standard and Poors GSCI\u2019s 12% Energy Drop Signals Growing Recession Fears"},"content":{"rendered":"

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Standard and Poors GSCI (formerly the Goldman Sachs Commodity Index)<\/h1>\n

By Mark O’Brien, Senior Broker<\/em><\/h3>\n

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

Stay alert tomorrow for Federal Reserve Board Chair Jerome Powell\u2019s speech at the Economic Club of Chicago, when he will share his outlook for the U.S. economy.\u00a012:30 P.M., Central Time.<\/p>\n

Standard and Poors GSCI<\/strong><\/em><\/h1>\n

The\u00a0S&P GSCI\u00a0(formerly the\u00a0Goldman Sachs Commodity Index) tracks global commodities across the energy, metals and agriculture sectors and serves as a benchmark for the commodity markets as a measure of commodity performance over time.<\/p>\n

Standard and Poors<\/strong><\/em><\/h1>\n

The index currently comprises 24 commodities from all commodity sectors. The diversity of the index’s component commodities along with their weighting allows the index to respond in a stable way to world economic growth and contraction.<\/p>\n

The index is tradable on Chicago Mercantile Exchange.\u00a0Each point equals $250.<\/p>\n

It shows that prices have declined over 8% since April 2, when U.S. President Donald Trump announced a raft of \u201creciprocal\u201d tariffs \u2013 even after a slight recovery in prices after the White House leader announced a tariff about face last Wednesday.<\/p>\n

Of all the commodities in the basket, energy fell the most since April 2, declining around 12%,<\/p>\n

Industrial metals posted the second steepest loss of around 9%, followed by soft commodities, which fell roughly 5.2%.<\/p>\n

Expectations of further declines in commodities prices are feeding a growing chorus of U.S. recession calls. JPMorgan expects U.S. gross domestic product to contract 0.3% this year.\\<\/p>\n

Standard and Poors<\/strong><\/em><\/h1>\n

GSCI Components and Dollar Weights:<\/h1>\n

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Daily Levels for April 16th, 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!\u00a0<\/em><\/h3>\n

Click here for quick and easy instructions<\/a>.<\/em><\/h3>\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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Standard and Poors GSCI (formerly the Goldman Sachs Commodity Index) By Mark O’Brien, Senior Broker General: Stay alert tomorrow for Federal Reserve Board Chair Jerome Powell\u2019s speech at the Economic Club of Chicago, when he will share his outlook for the U.S. economy.\u00a012:30 P.M., Central Time. Standard and Poors GSCI The\u00a0S&P GSCI\u00a0(formerly the\u00a0Goldman Sachs Commodity […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1243,231,76,119,167,230,1491,239,67,70,30,3,61,358,235,344,233,1378,234],"tags":[1663,1664],"class_list":["post-21404","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","category-commodity-brokers-2","category-commodity-trading-2","category-crude-oil","category-currency-futures","category-day-trading-2","category-e-mini-futures","category-financial-futures","category-future-trading-news","category-future-trading-platform","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","category-futures-trading-education","category-index-futures","category-indices","category-options-trading-2","category-sp-500","category-trading-guide","tag-sp","tag-standard-and-poors"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21404","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\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=21404"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21404\/revisions"}],"predecessor-version":[{"id":21408,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21404\/revisions\/21408"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=21404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=21404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=21404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}