{"id":22773,"date":"2026-04-08T13:20:31","date_gmt":"2026-04-08T20:20:31","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22773"},"modified":"2026-04-08T13:20:31","modified_gmt":"2026-04-08T20:20:31","slug":"commodities-c","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/commodities-c\/","title":{"rendered":"Market Close Commodities Wrap – Metals, Energy, Copper, Announcements PLUS: CannonEdge Snapshot, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on April 9th, 2026"},"content":{"rendered":"\n\n\n
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At-a-Glance Levels<\/h3>\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 June (#GC)<\/td>\n

4620.27<\/td>\n4687.33<\/td>\n4787.67<\/td>\n4854.73<\/td>\n4955.07<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

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

70.80<\/td>\n72.71<\/td>\n75.26<\/td>\n77.17<\/td>\n79.71<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

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

80.61<\/td>\n88.30<\/td>\n98.75<\/td>\n106.44<\/td>\n116.89<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0June Bonds (ZB)<\/strong><\/h2>\n

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

113 16\/32<\/td>\n113 27\/32<\/td>\n114 13\/32<\/td>\n114 24\/32<\/td>\n115 10\/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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Cannon Trading \u2014 Market Close Commodities Wrap<\/h1>\n

\"commodities\"<\/p>\n

Commodities ended the session mixed\u00a0as markets digested today\u2019s EIA report and the FOMC Minutes, both of which helped reset positioning after a turbulent 48 hours.<\/p>\n

Energy<\/h3>\n

Energy stabilized, with WTI holding modest gains while Brent remained heavy following yesterday\u2019s major geopolitical swing:\u00a0reports of a two\u2011week US\u2013Iran ceasefire\u00a0framework aimed at reopening the Strait of Hormuz. That headline triggered one of the largest intraday reversals in years, and today\u2019s trade reflected the market still recalibrating risk\u00a0premiums.<\/p>\n

Products firmed slightly after yesterday\u2019s washout, though traders remain cautious given the fragile nature of the ceasefire talks and continued regional strikes reported overnight. Metals eased, with gold extending its orderly pullback from record highs as the Fed minutes reinforced a data\u2011dependent stance and nudged real yields higher.<\/p>\n

Copper<\/h3>\n

Copper held steady on firm demand signals. Agriculture was mixed \u2014 soymeal led the complex, grains stayed range\u2011bound, and softs continued their weather\u2011driven strength. Cross\u2011asset flows leaned defensive, with a firmer dollar and ongoing fund deleveraging shaping late\u2011day price action.<\/p>\n

Upcoming Announcements<\/h3>\n

Looking ahead to tomorrow, attention turns to Jobless Claims, USDA Export Sales, and how markets digest the Fed\u2019s tone from today\u2019s minutes. Energy traders will watch whether crude spreads stabilize overnight and whether any new developments emerge around the ceasefire negotiations, which remain the single biggest swing factor for crude volatility.<\/p>\n

Metals<\/h3>\n

Metals will trade off yields and dollar direction, while ag markets will focus on export demand and updated weather models. Volatility remains elevated across the board, and tomorrow\u2019s session will hinge on whether macro data cools the dollar or adds another layer of pressure to commodities and risk assets.<\/p>\n

Read tomorrows market brief\u00a0before the open HERE.<\/a><\/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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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. <\/em><\/p>\n

Learn more at\u00a0www.qtchartoftheday.com<\/a><\/em><\/h3>\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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Cannon Edge \u2014 Your Daily Futures Snapshot for April 9th<\/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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Daily Levels for April 9th, 2026<\/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><\/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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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><\/strong><\/em><\/p>\n

12100 Wilshire Blvd.<\/span><\/strong><\/em><\/p>\n

Suite 1640<\/span><\/strong><\/em><\/p>\n

Los Angeles, CA 90025 US<\/span><\/strong><\/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":"

At-a-Glance Levels Instrument S2 S1 Pivot R1 R2 Gold (GC) \u2014 June (#GC) 4620.27 4687.33 4787.67 4854.73 4955.07 Silver (SI) \u2014 May. (#SI) 70.80 72.71 75.26 77.17 79.71 Crude Oil (CL) \u2014 May. (#CL) 80.61 88.30 98.75 106.44 116.89 \u00a0June Bonds (ZB) \u2014 June. (#ZB) 113 16\/32 113 27\/32 114 13\/32 114 24\/32 115 10\/32 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67],"tags":[1239,1955],"class_list":["post-22773","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","tag-commodities","tag-market-updates"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22773","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=22773"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22773\/revisions"}],"predecessor-version":[{"id":22774,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22773\/revisions\/22774"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}