{"id":22324,"date":"2025-11-04T13:29:41","date_gmt":"2025-11-04T21:29:41","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22324"},"modified":"2025-11-04T13:29:41","modified_gmt":"2025-11-04T21:29:41","slug":"risk-off","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/risk-off\/","title":{"rendered":"Risk OFF Behavior, December KC Wheat, Levels, Reports; Your 4 Urgent Must-Knows for Trading Futures on November 5th, 2025"},"content":{"rendered":"\n\n\n
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Risk OFF<\/h1>\n

By John Thorpe, Senior Broker
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At-a-Glance Levels<\/h1>\n
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Gold (GC)<\/strong><\/h2>\n

\u2014 Dec (GCZ5)<\/td>\n

3886.10<\/td>\n3916.00<\/td>\n3967.00<\/td>\n3996.90<\/td>\n4047.90<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Dec (SIZ5)<\/td>\n

45.85<\/td>\n46.37<\/td>\n47.17<\/td>\n47.68<\/td>\n48.48<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 Dec (CLZ5)<\/td>\n

59.35<\/td>\n59.86<\/td>\n60.44<\/td>\n60.95<\/td>\n61.53<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Dec. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Dec (ZBZ5)<\/td>\n

116 26\/32<\/td>\n117 3\/32<\/td>\n117 11\/32<\/td>\n117 20\/32<\/td>\n117 28\/32<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\"risk\"<\/h2>\n

All but 1 of the rationale followed the playbook today.<\/h1>\n

And by the way the U.S. Dollar has continued its break from a 5-month long range and is continuing to rally, we are over par as of this writing: Dec US Dollar index 100.35\u00a0\u00a0With risk off in play on this Election Day, and gold not rallying, we can only come to the conclusion the rally in the Gold market was overdone albeit, remaining at an elevated , flight to quality in the face of uncertainty at a continued high price level.<\/p>\n

Tomorrow is day 37 of \u201cThe Mother of all Shutdowns\u201d!<\/h2>\n

Historically, U.S. government shutdowns have had a minimal and short-lived impact on financial markets. While short-term volatility is possible, markets tend to focus on broader economic fundamentals such as corporate earnings and interest rates and generally recover quickly once the government reopens.<\/p>\n

But why the Risk off mode? And for how long?<\/p>\n

I\u2019ll address those in this coming Friday\u2019s Next Week segment after we gather more data.<\/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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December KC Wheat<\/h2>\n

December KC Wheat is approaching the third upside PriceCount objective off the October low to the $5.37 area. It would be normal for the chart to react in the form of a near term consolidation or corrective trade from this level. IF the chart can sustain further strength, we are left with the low percentage fourth count to the $5.98 area to aim for.<\/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. <\/em><\/p>\n

Past performance of actual trades or strategies is not necessarily indicative of future results.<\/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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Daily Levels for Nov. 5th, 2025<\/h2>\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

\u00a0U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation<\/p>\n

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

All times are Central Time ( Chicago)<\/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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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":"

Risk OFF By John Thorpe, Senior Broker At-a-Glance Levels Instrument S2 S1 Pivot R1 R2 Gold (GC) \u2014 Dec (GCZ5) 3886.10 3916.00 3967.00 3996.90 4047.90 Silver (SI) \u2014 Dec (SIZ5) 45.85 46.37 47.17 47.68 48.48 Crude Oil (CL) \u2014 Dec (CLZ5) 59.35 59.86 60.44 60.95 61.53 \u00a0Dec. Bonds (ZB) \u2014 Dec (ZBZ5) 116 26\/32 117 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167,234],"tags":[],"class_list":["post-22324","post","type-post","status-publish","format-standard","hentry","category-currency-futures","category-trading-guide"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22324","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=22324"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22324\/revisions"}],"predecessor-version":[{"id":22325,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22324\/revisions\/22325"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}