{"id":22121,"date":"2025-08-20T13:22:41","date_gmt":"2025-08-20T20:22:41","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22121"},"modified":"2025-08-20T13:22:41","modified_gmt":"2025-08-20T20:22:41","slug":"jobless","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/jobless\/","title":{"rendered":"Jobless Claims, PMI, Cattle, Crude Oil, Levels, Reports; Your 6 Expert, Crucial Need-To-Knows For Trading Futures on August 21st, 2025"},"content":{"rendered":"\n\n\n
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Jobless Claims, PMI, Cattle, Crude Oil<\/h1>\n

Bullet Points, Highlights, Announcements<\/h1>\n

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

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

Keep an eye out for a raft of economic reports tomorrow morning, all of which could create bumpy price movement in stock index, energy, interest-rate and other asset classes.<\/p>\n

At 7:30 A.M., Central Time the Labor Department will release its weekly\u00a0Initial jobless claims\u00a0data, which looks at claims for unemployment benefits filed by unemployed individuals with state unemployment agencies.<\/p>\n

At the same time, the Federal Reserve Bank of Philadelphia will release its monthly\u00a0Manufacturing Business Outlook Survey.\u00a0The survey tracks business conditions and provides short-term forecasts in a specific region: the manufacturing sector in eastern and central Pennsylvania, southern New Jersey, and Delaware, it also provides insight into the manufacturing sector throughout the country.<\/p>\n

Next, at 9:45 will be The S&P Purchasing managers’ index (PMI), which is comprised of data derived from monthly surveys of private sector company S&P Global. The S&P PMI survey covers manufacturing, services and some construction.<\/p>\n

Then at 10:00, the National Association of Realtors will report on\u00a0Existing Home Sales\u00a0in the United States which measures the change in the number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.<\/p>\n

At the same time, The Conference Board will release its\u00a0Leading Economic Index\u00a0(LEI), another indicator designed to forecast future economic activity.\u00a0The LEI can be used to anticipate economic turning points and guide trading strategies.<\/p>\n

Livestock<\/strong><\/span><\/em><\/p>\n

Chicago Mercantile Exchange cattle futures continued their meteoric rise today as a tight supply of cattle, surging wholesale beef prices and a decrease in slaughter rates supported prices.\u00a0CME October live cattle futures ended 3.750 cent higher at 235.175 cents per pound. September feeder cattle rose 6.375 cents to 358.800 cents per pound.\u00a0Both closing prices represent all-time record high closing prices for the two futures contracts.<\/p>\n

Energy<\/strong><\/span><\/em><\/p>\n

Crude oil futures traded higher after the Energy Information Agency reported a larger-than-expected 6 million barrel decline in U.S. crude oil inventories for last week.\u00a0The new front month October futures contract traded to an intraday high of $63.01\/barrel, up $1.24\/barrel before falling back slightly to within pennies of its 100-day moving average: $62.63.<\/p>\n

Despite near-term support from lower inventories, the longer-term outlook is bearish. \u00a0A supply glut is expected as OPEC+ restores output and trade tensions are weighing on demand with industry executives exclaiming\u00a0the return of previously curtailed oil production by OPEC+ members is cutting into U.S. shale growth.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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Chart Watch: Oct Crude 25<\/h3>\n

“Crude Oil Is At A Critical Technical Price Juncture! The Index is short from 9 days ago and There Are No bearish PriceCounts In Place. The market looks to be coiling!”<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Daily Levels for Aug. 21st, 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!\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<\/h3>\n

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

All times are Eastern Time ( New York)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\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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Call Now<\/a><\/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","protected":false},"excerpt":{"rendered":"

Jobless Claims, PMI, Cattle, Crude Oil Bullet Points, Highlights, Announcements By Mark O’ Brien, Senior Broker General: Keep an eye out for a raft of economic reports tomorrow morning, all of which could create bumpy price movement in stock index, energy, interest-rate and other asset classes. At 7:30 A.M., Central Time the Labor Department will […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1434,231,76,119,167,230,239,67,70,30,3,61,358,236,1484,233,234],"tags":[1621,357,16,656,1850,1851],"class_list":["post-22121","post","type-post","status-publish","format-standard","hentry","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-crude-oil","category-currency-futures","category-day-trading-2","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-metal-futures","category-nasdaq","category-options-trading-2","category-trading-guide","tag-cattle","tag-crude-oil-2","tag-futures-trading","tag-jobless-claims","tag-livestock","tag-pmi"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22121","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=22121"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22121\/revisions"}],"predecessor-version":[{"id":22123,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22121\/revisions\/22123"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}