{"id":22885,"date":"2026-05-18T13:32:42","date_gmt":"2026-05-18T20:32:42","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22885"},"modified":"2026-05-18T13:36:48","modified_gmt":"2026-05-18T20:36:48","slug":"bond-s","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/bond-s\/","title":{"rendered":"When the Bond Market Speaks – Listen! PLUS: June Natural Gas, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on May 19th, 2026"},"content":{"rendered":"\n\n\n
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At A Glance Levels<\/h3>\n\n\n\n\n\n\n\n\n
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Gold (GC)<\/strong><\/h2>\n

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

4439.87<\/td>\n4501.33<\/td>\n4544.97<\/td>\n4606.43<\/td>\n4650.07<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

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

72.32<\/td>\n75.04<\/td>\n76.83<\/td>\n79.55<\/td>\n81.34<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

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

95.31<\/td>\n98.63<\/td>\n101.92<\/td>\n105.24<\/td>\n108.53<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0June Bonds (ZB)<\/strong><\/h2>\n

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

109 23\/32<\/td>\n110 4\/32<\/td>\n110 19\/32<\/td>\n111<\/td>\n111 15\/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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When the Bond Market Speaks – Listen!<\/h2>\n

By Eli Levy, Senior Analyst<\/em><\/h3>\n

\"bond\"<\/p>\n

AI IPOs<\/em><\/h3>\n

When I glue all these notes together my conclusion is that the burden will be on the bulls until we speak next week (the trader\u2019s perspective is fade the rally). There is always an if; my if is NVDA \u2014 \u201csell on the news\u201d is what the street says, but in this AI frenzy people are paying crazy forward multiples of sales for new IPOs such as Cerebras, and NVDA has the electricity to send this game into overtime.<\/p>\n

Your best bet is to sit this one out until Friday and enjoy the show \u2014 let the market show us what\u2019s going on. We don\u2019t always need to get front row seats.<\/p>\n

There\u2019s a moment in every cycle when the bond market stops being background noise and becomes the story itself. We are in one of those moments. The G7 government bond yield complex just printed its highest reading in more than twenty years, and Dr. Torsten Slok at Apollo captured the diagnosis cleanly in The Daily Spark this week: this is not a one-factor move.<\/p>\n

Energy Inflation<\/em><\/h3>\n

Four forces are pulling in the same direction at the same time \u2014 renewed inflationary pressure from elevated energy prices as the Middle East conflict disrupts global oil supply; persistently large government deficits requiring ever-increasing bond issuance; the end of central bank quantitative easing, with the Fed balance sheet potentially shrinking; and investors, finally, demanding higher term premiums and higher inflation premiums in a world that is visibly deglobalizing. None of those four are close to resolution.<\/p>\n

As Slok puts it, the era of artificially suppressed yields appears firmly behind us \u2014 rates will stay higher for longer, and investors should plan accordingly.<\/p>\n

G7<\/em><\/h3>\n

You can see the framework playing out tick by tick. Treasuries breached three levels at once into Friday\u2019s options expiration: the 2-year cleared 4.00%, the 10-year cleared 4.50%, the 30-year cleared 5.00%. The breakouts were not just a U.S. story. Japan\u2019s 10-year JGB printed its highest yield since 1997. The UK 10-year reached levels not seen since 2008. France\u2019s 10-year took out its 2009 high.<\/p>\n

When the entire G7 long end moves together like this, it stops being a national story and starts being a regime story. The proximate catalysts were easy to inventory \u2014 WTI crude up roughly 10% on the week to about $105 a barrel, no real progress on Iran, hotter-than-expected inflation readings, and the formal handoff to a new Fed Chair. But the underlying engine is what Slok described. The bid that suppressed yields for a decade is gone, and the new buyers want to be paid.<\/p>\n

See review of many charts from different segments along with key levels to watch and market direction HERE.<\/a><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

June Natural Gas<\/h3>\n

June Natural Gas has not been able to complete any of its downside PriceCounts off the large February leg to date. Now, the chart has activated upside counts and satisfied the first objective to the 3.09 area. If we can sustain further strength, the second count would project a possible run to the 3.27 area.<\/span><\/p>\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

FREE TRIAL TO QT MARKET Center<\/a>\u00a0– Access to analysis, tools, news & Much more!<\/em><\/p>\n

Highly recommended for HEDGERS!<\/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 May 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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Daily Levels for May 19th, 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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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) 4439.87 4501.33 4544.97 4606.43 4650.07 Silver (SI) \u2014 July. (#SI) 72.32 75.04 76.83 79.55 81.34 Crude Oil (CL) \u2014 June. (#CL) 95.31 98.63 101.92 105.24 108.53 \u00a0June Bonds (ZB) \u2014 June. (#ZB) 109 23\/32 110 4\/32 110 19\/32 111 111 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,234],"tags":[937,1045],"class_list":["post-22885","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-trading-guide","tag-bond-futures","tag-bonds"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22885","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=22885"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22885\/revisions"}],"predecessor-version":[{"id":22890,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22885\/revisions\/22890"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}