{"id":22412,"date":"2025-12-03T13:26:04","date_gmt":"2025-12-03T21:26:04","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22412"},"modified":"2025-12-03T13:26:04","modified_gmt":"2025-12-03T21:26:04","slug":"crude-silver","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude-silver\/","title":{"rendered":"Silver and Copper, Crude Oil, March – May Wheat Spread, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on December 4th, 2025"},"content":{"rendered":"\n\n\n
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What You Need to Know!<\/h1>\n

by Mark O’Brien, Senior Broker<\/em><\/h4>\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

At-a-Glance Levels<\/h1>\n
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Gold (GC)<\/strong><\/h2>\n

\u2014 Feb(#GC)<\/td>\n

4198.13<\/td>\n4219.37<\/td>\n4246.33<\/td>\n4267.57<\/td>\n4294.53<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Mar. (#SI)<\/td>\n

57.49<\/td>\n58.22<\/td>\n58.94<\/td>\n59.66<\/td>\n60.38<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 Jan (#CL)<\/td>\n

57.77<\/td>\n58.44<\/td>\n59.04<\/td>\n59.71<\/td>\n60.31<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Mar. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Mar (#ZB)<\/td>\n

115 30\/32<\/td>\n116 9\/32<\/td>\n116 19\/32<\/td>\n116 30\/32<\/td>\n117 8\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\"crude\"<\/h1>\n

General:<\/h1>\n

This morning\u2019s November ADP jobs report was well into negative territory falling to the lowest levels since 2020.\u00a0The payrolls processing firm reported private companies cut 32,000 workers, with small businesses hit the hardest.<\/p>\n

The report\u2019s data were worse than anticipated as the Dow Jones consensus estimate from economists was to see an increase of 40,000 and a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.<\/p>\n

The ADP report is the last monthly jobs picture the Federal Reserve gets before it meets Dec. 9-10.\u00a0Futures traders are now assigning a nearly 90% probability that the central bank will approve another quarter percentage point cut, according to the\u00a0CME Group FedWatch tool<\/a>:<\/p>\n

This month\u2019s release of the Labor Department\u2019s monthly non-farm payrolls report has been moved from its traditional first Friday of the month to Tuesday, December 16, 2025, 7:30 A.M., Central Time. The report is widely considered to be one of the most important and influential measures of the U.S. economy.<\/p>\n

More General:<\/h2>\n

Last Friday, a vital data center used by CME Group, overheated and suffered a more-than-ten-hour outage, shutting down trading at the world\u2019s largest derivatives exchange.\u00a0On an average day, it processes equity indexes futures and options trades tied to $1.5 trillion of underlying assets, and interest-rate-related trades with a notional value of $9.6 trillion.<\/p>\n

While the blow was softened because it came late on Thanksgiving Day, this was the longest outage in recent CME history.<\/p>\n

Energies:<\/h1>\n

In a credible sign that the world\u2019s largest crude importer is nearing peak demand, China\u2019s oil consumption next year \u2013 although still growing \u2013 will be surpassed by India\u2019s for the first time.\u00a0This was forecast by Singapore-based Trafigura Group, the world’s second-largest oil trader.<\/p>\n

A key component to this, they explain, is that China\u2019s main demand driver for crude \u2013 its consumption of road fuels \u2013 is weakening as adoption of electric cars and, increasingly, electric trucks has grown rapidly.<\/p>\n

Metals:<\/h1>\n

New front month March silver futures traded to new all-time highs today, trading intraday to $59.65\u00bd per ounce.\u00a0The move includes a ~$8.00 per ounce move since Mon. Nov 24, a \u00b1$40,000 per contract move for the main 5,000-oz. futures contract.<\/p>\n

Driven by persistent concerns over a tightening global supply, March copper futures surged ~15 cents per pound (\u00b12.8%) and traded up to ~4-month highs near $5.40 per pound today.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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March – May Wheat Spread<\/h2>\n

The March – May Wheat Spread satisfied the first upside PriceCount objective off the August low. The chart is reacting with a short-term correction, which is normal. At this point, if the spread can resume its rally with new sustained highs, the second count would project a possible run to the -5.5 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<\/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 Dec. 4th, 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><\/h4>\n

Click here for quick and easy instructions<\/a>.<\/em><\/h4>\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 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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Call Now<\/a><\/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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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":"

What You Need to Know! by Mark O’Brien, Senior Broker At-a-Glance Levels Instrument S2 S1 Pivot R1 R2 Gold (GC) \u2014 Feb(#GC) 4198.13 4219.37 4246.33 4267.57 4294.53 Silver (SI) \u2014 Mar. (#SI) 57.49 58.22 58.94 59.66 60.38 Crude Oil (CL) \u2014 Jan (#CL) 57.77 58.44 59.04 59.71 60.31 \u00a0Mar. Bonds (ZB) \u2014 Mar (#ZB) 115 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,236],"tags":[1259,1848,357,16,36,1628],"class_list":["post-22412","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-metal-futures","tag-copper","tag-crude","tag-crude-oil-2","tag-futures-trading","tag-gold","tag-silver"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22412","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=22412"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22412\/revisions"}],"predecessor-version":[{"id":22413,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22412\/revisions\/22413"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}