{"id":22041,"date":"2025-07-29T13:43:23","date_gmt":"2025-07-29T20:43:23","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22041"},"modified":"2025-07-29T13:43:23","modified_gmt":"2025-07-29T20:43:23","slug":"crude","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude\/","title":{"rendered":"Crude Oil, The Dollar, FOMC, September KC Wheat, Levels, Reports; Your 6 Crucial Need-To-Knows for Trading Futures on July 30th, 2025"},"content":{"rendered":"

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Dollar Strength, Crude Oil Rally\u2019s hard, FOMC tomorrow<\/h1>\n

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

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The Federal Reserve is widely expected to keep interest rates unchanged at its meeting tomorrow, July 30, 2025. Market analysts and interest rate traders currently assign a very high probability\u2014over 95%- a pause, with no rate hike or cut anticipated at this meeting.<\/p>\n

Economists are expecting the first look at US 2Q 2025 GDP to show the economy grew by +2.4% on quarter over quarter terms, if realized that would be up from the final 1Q report -0.5% contraction. The advanced 2Q 2025 chain weighted price index is expected up +2.3%, and compares with the final 1Q report, up +3.8%. The data will be released at 7:30 am CT Wednesday morning.<\/p>\n

The Crude market rally\u2019s hard today on news Trump threatens 100% tariff on China if it continues to buy Russian crude oil. Front month September +$2.77 as of this writing. $2700.00 per contract. Crude has rallied nearly $5.00 bbl since the opening of Sunday evenings session. Yesterday’s OPEC+ maintained its current oil output policy at the Joint Ministerial Monitoring Committee (JMMC) meeting, with no changes to production plans.<\/p>\n

The JMMC (Joint Ministerial Monitoring Committee) emphasized the critical importance of full conformity with agreed production levels, noting uneven compliance among some members.<\/p>\n

The US Dollar may have bottomed in the short term as the past week we have seen signs of life. A 2.5% rally from the July 1 lows. The awakening of the dollar is not bullish for our export markets.<\/p>\n

Tomorrow:<\/p>\n

Econ Data:\u00a0\u00a0GDP, FOMC Rate decision, EIA Crude Stocks, Beige book<\/p>\n

FED:\u00a0\u00a0Rate decision @ 1:00pm, followed by 1:30 press conference.<\/p>\n

Earnings:\u00a0 Qualcomm, Meta, Microsoft<\/p>\n

Tariff news:\u00a0\u00a0\u00a0Anything goes!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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September KC – Chicago Wheat<\/em><\/h4>\n

The September KC – Chicago wheat spread came up short of its low percentage fourth downside PriceCount objective early this month. Now, on the correction we have activated upside objectives. The first count projects a recovery to the -3 area.<\/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. 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. 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 30th, 2025<\/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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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>.<\/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<\/h3>\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.<\/em><\/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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Cannon Trading Co., Inc.<\/span><\/em><\/p>\n

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Dollar Strength, Crude Oil Rally\u2019s hard, FOMC tomorrow By John Thorpe, Senior Broker The Federal Reserve is widely expected to keep interest rates unchanged at its meeting tomorrow, July 30, 2025. Market analysts and interest rate traders currently assign a very high probability\u2014over 95%- a pause, with no rate hike or cut anticipated at this […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,167,230,1491,782,239,67,70,30,3,61,358,235,344,236,234,1483],"tags":[1848,357,1849,171,627,16],"class_list":["post-22041","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-currency-futures","category-day-trading-2","category-e-mini-futures","category-economic-trading","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-metal-futures","category-trading-guide","category-trading-wheat-futures","tag-crude","tag-crude-oil-2","tag-dollar","tag-fomc","tag-futures","tag-futures-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22041","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=22041"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22041\/revisions"}],"predecessor-version":[{"id":22043,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22041\/revisions\/22043"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}