{"id":21903,"date":"2025-07-08T13:19:34","date_gmt":"2025-07-08T20:19:34","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=21903"},"modified":"2025-07-08T13:19:34","modified_gmt":"2025-07-08T20:19:34","slug":"tariff","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/tariff\/","title":{"rendered":"50% Copper TARIFFS, FOMC Minutes, December Corn; Your 3 Important Need-To-Knows for Trading Futures on July 9th, 2025"},"content":{"rendered":"

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50% Copper TARIFFS & FOMC Minutes Tomorrow<\/h1>\n

By John Thorpe,\u00a0Senior Broker<\/em><\/h3>\n

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Week after week I have included\u00a0Tariff news:\u00a0Anything goes!\u00a0On blog and newsletter<\/p>\n

Mid-Day Trump comments spiked, in little time, Copper Futures prices by 17%, settling down to a positive 10+% gain.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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This shouldn\u2019t have been too much of a surprise for those paying attention back in February,\u00a0President Trump signed an executive order on Feb. 25, 2025, directing the secretary of commerce to initiate a Section 232 investigation into whether copper imports into the U.S. threaten to impair national security.<\/p>\n

This investigation will assess the national security risks related to imported copper in all its forms, including raw mined copper,\u00a0copper concentrates,\u00a0refined copper,\u00a0copper alloys,\u00a0scrap copper,\u00a0and derivative products.<\/p>\n

Within 270 days\u00a0the secretary of commerce will submit a report to the president with findings and recommendations on actions to mitigate any threats, including potential tariffs, export controls, or incentives to increase domestic production.<\/p>\n

If you would like to know more about the High Grade Copper contracts please call your broker. Of note! Today the Micro High Grade Copper contract traded over 47 thousand contracts while the full size 25000lb contract traded over 99 thousand. The overnight margin coming into today was $9900 for the Full size and $605 for the micro, soon to increase.<\/p>\n

Tomorrow:<\/strong><\/span><\/em><\/p>\n

Econ Data:<\/span><\/strong><\/em>\u00a0\u00a0FOMC Minutes 1:00 p.m. CDT, EIA Crude oil stocks,<\/p>\n

FED:<\/strong><\/em><\/span> Quiet<\/p>\n

Earnings<\/strong><\/span><\/em>:\u00a0Quiet<\/p>\n

Tariff news<\/strong><\/span><\/em>:\u00a0Anything goes!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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December Corn<\/h1>\n

The December (xmas) corn resumed its slide into a new low.<\/p>\n

We have moved to the expanded April\/May leg for projecting downside PriceCounts as the formation continues to develop.<\/p>\n

The second counts projects a possible slide to $4.08 area.<\/p>\n

And that is December Corn for you!<\/em><\/strong><\/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 PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. <\/em><\/p>\n

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. <\/em><\/p>\n

Learn more at www.qtchartoftheday.com<\/em><\/p>\n

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. <\/em><\/p>\n

Past performance of actual trades or strategies is not necessarily indicative of future results.<\/em><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Daily Levels for July 8th, 2025<\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\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<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Economic Reports<\/h1>\n

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

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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
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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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Call Now<\/a><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Trading Co., Inc.<\/span><\/em><\/p>\n

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

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

Los Angeles, CA 90025 US<\/span><\/em><\/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

 <\/p>\n","protected":false},"excerpt":{"rendered":"

50% Copper TARIFFS & FOMC Minutes Tomorrow By John Thorpe,\u00a0Senior Broker Week after week I have included\u00a0Tariff news:\u00a0Anything goes!\u00a0On blog and newsletter Mid-Day Trump comments spiked, in little time, Copper Futures prices by 17%, settling down to a positive 10+% gain. This shouldn\u2019t have been too much of a surprise for those paying attention back […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1243,1434,231,76,1522,119,29,782,237,239,67,70,30,3,61,358,1484,1439,233,234],"tags":[1259,1432,627,1635],"class_list":["post-21903","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-corn-futures","category-crude-oil","category-day-trading-webinar","category-economic-trading","category-energy-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-nasdaq","category-natural-gas","category-options-trading-2","category-trading-guide","tag-copper","tag-corn","tag-futures","tag-tariff"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21903","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=21903"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21903\/revisions"}],"predecessor-version":[{"id":21906,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21903\/revisions\/21906"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=21903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=21903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=21903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}