{"id":22805,"date":"2026-04-23T13:28:15","date_gmt":"2026-04-23T20:28:15","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22805"},"modified":"2026-04-23T13:28:15","modified_gmt":"2026-04-23T20:28:15","slug":"oil-c","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/oil-c\/","title":{"rendered":"Supply Disruption in Oil Causes Backwardation\u00a0in Markets PLUS: July KC Wheat, NEW PODCAST and DAILY BRIEFIING, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on April 24th, 2026"},"content":{"rendered":"\n\n\n
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At A Glance Levels<\/h3>\n\n\n\n\n\n\n\n\n
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

4702.90<\/td>\n4730.40<\/td>\n4760.60<\/td>\n4788.10<\/td>\n4818.30<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

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

75.66<\/td>\n76.71<\/td>\n77.67<\/td>\n78.73<\/td>\n79.69<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

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

85.21<\/td>\n88.86<\/td>\n91.30<\/td>\n94.95<\/td>\n97.39<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0June Bonds (ZB)<\/strong><\/h2>\n

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

113 18\/32<\/td>\n113 25\/32<\/td>\n114 7\/32<\/td>\n114 14\/32<\/td>\n114 28\/32<\/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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Supply Disruption in Oil, Market in Backwardation<\/h1>\n

By Erik Norland\u00a0Chief Economist, CME Group
\n\"oil\"<\/h3>\n