{"id":22715,"date":"2026-03-18T13:22:31","date_gmt":"2026-03-18T20:22:31","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22715"},"modified":"2026-03-18T13:22:31","modified_gmt":"2026-03-18T20:22:31","slug":"energy","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/energy\/","title":{"rendered":"Energy Volatility Amidst FOMC Decision PLUS: June US Dollar Index, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on March 19th, 2026"},"content":{"rendered":"\n\n\n
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FOMC Decision, Energy Volatility<\/h1>\n

By Mark O’Brien, Senior Broker<\/em><\/h3>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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At-a-Glance Levels<\/h1>\n
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Instrument<\/th>\nS2<\/th>\nS1<\/th>\nPivot<\/th>\nR1<\/th>\nR2<\/th>\n<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
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Gold (GC)<\/strong><\/h2>\n

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

4717.80<\/td>\n4783.40<\/td>\n4902.70<\/td>\n4968.30<\/td>\n5087.60<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

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

72.65<\/td>\n74.36<\/td>\n77.34<\/td>\n79.04<\/td>\n82.02<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 April. (#CL)<\/td>\n

88.73<\/td>\n93.22<\/td>\n95.95<\/td>\n100.44<\/td>\n103.17<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0June Bonds (ZB)<\/strong><\/h2>\n

\u2014 June. (#ZB)<\/td>\n

113 10\/32<\/td>\n113 24\/32<\/td>\n114 17\/32<\/td>\n114 31\/32<\/td>\n115 24\/32<\/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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\"energy\"<\/h3>\n

General:<\/h3>\n

For the second consecutive meeting, the Federal Reserve held interest rates steady today and preserved a path to cutting rates this year.\u00a0\u00a0Fed officials voted 11-1 to hold the benchmark federal-funds rate in a range between 3.5% and 3.75%. Twelve of the nineteen meeting participants penciled in at least one cut this year, the same as in December.<\/p>\n

The Fed\u2019s post-meeting statement acknowledged uncertainty from the war in the Middle East as higher energy prices from the Iran war threaten to prolong their yearslong inflation fight.<\/p>\n

Energy:<\/h3>\n

Israel struck Iran\u2019s South Pars gas field, the largest such facility in the world, prompting immediate threats of retaliation from Iran.\u00a0The Iran government\u2019s Islamic Revolutionary Guard Corps stated that it considered refineries and other energy infrastructure across Saudi Arabia, the United Arab Emirates and Qatar to be \u201clegitimate and prime targets.\u201d \u00a0Gulf oil officials said evacuations have already started for the sites on the list, as well as for other energy facilities in the region.<\/p>\n

Oil:<\/h3>\n

Oil prices jumped on the news with Brent Crude oil on the ICE Exchange trading within pennies of $110\/barrel intraday.\u00a0West Texas Intermediate crude oil futures traded on CME Group\u2019s NYMEX Exchange reached $99.41\/barrel overnight last night (basis the April contract) as is poised to close at its second highest price level since the start of the Middle East conflict.<\/p>\n

Heads up (reiterating from last week):<\/h3>\n

Keep in mind that day trading margins can change at your clearing firm \/ FCM \u2013 for certain markets, entire asset classes, i.e., energies, precious metals, stock indexes, etc., particular gateways, i.e., Rithmic, CQG, Sierra\/Teton.\u00a0They can also vary during overnight hours and prior to certain events, i.e., important economic report releases, scheduled statements by important people, agencies, etc.\u00a0Contact your Cannon Trading Co. broker for specifics.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Plan your trades and trade your plans<\/em><\/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 Edge for March 19th<\/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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Introducing Cannon Edge \u2014 Your Daily Futures Snapshot Above<\/h3>\n

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:<\/p>\n