{"id":23136,"date":"2026-07-28T13:54:56","date_gmt":"2026-07-28T20:54:56","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=23136"},"modified":"2026-07-28T13:54:56","modified_gmt":"2026-07-28T20:54:56","slug":"treasury","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/treasury\/","title":{"rendered":"Treasury Liquidity Drain PLUS: CannonEdge Snapshot, Cannon FUTURES ACADEMY, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on July 29th, 2026"},"content":{"rendered":"\n\n\n
\n\n\n\n
\n\n\n\n
\n\n\n\n
\n\n\n\n
\n\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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
\n

Gold (GC)<\/strong><\/h2>\n

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

3966.37<\/td>\n3996.23<\/td>\n4040.97<\/td>\n4070.83<\/td>\n4115.57<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Silver (SI)<\/strong><\/h2>\n

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

55.73<\/td>\n56.56<\/td>\n57.69<\/td>\n58.52<\/td>\n59.65<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Crude Oil (CL)<\/strong><\/h2>\n

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

75.08<\/td>\n77.04<\/td>\n79.73<\/td>\n81.69<\/td>\n84.38<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

\u00a0Sept. Bonds (ZB)<\/strong><\/h2>\n

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

109 24\/32<\/td>\n110 9\/32<\/td>\n110 20\/32<\/td>\n111\u00a0 5\/32<\/td>\n111 16\/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
\n\n\n\n
\n

Treasury Liquidity Drain<\/h1>\n

By Eli Levy, Senior Analyst & Series 3 Broker<\/h2>\n

\"treasury\"<\/h2>\n

CANNON FUTURES ACADEMY<\/h2>\n

Lesson \u00b7 Market Mechanics Series<\/em><\/h4>\n

The Cushion Is Gone<\/h2>\n

How to Read a Treasury Liquidity Drain \u2014 and Tell When It Actually Bites<\/em><\/h4>\n

Eli G Levy\u00a0\u00b7\u00a0Cannon Trading Company\u00a0\u00b7\u00a0eli@cannontrading.com<\/em><\/h4>\n

A Cannon Futures Academy teaching note. Worked example uses the settlement week of July 28\u201331, 2026.<\/em><\/h4>\n

What you\u2019ll learn in this lesson<\/h2>\n

By the end you\u2019ll be able to do four things that most traders skip. First,\u00a0read a Treasury settlement calendar\u00a0and know why the giant \u201cgross\u201d headline is usually noise. Second, find the\u00a0net new cash\u00a0\u2014 the number that actually pulls money out of the market. Third, check the\u00a0liquidity cushion\u00a0that decides whether a drain bites or just sits on the schedule. Fourth, watch the\u00a0two plumbing signals\u00a0that confirm, in real time, whether reserves are getting scarce.<\/p>\n

Why a futures trader should care<\/h2>\n

You trade the index, the note, the curve \u2014 not the banking system\u2019s balance sheet. So why spend a lesson on Treasury settlements? Because the amount of cash sloshing around the financial system is the tide that every risk asset floats on. When that tide runs out faster than it comes back in, equity-index futures, rate futures, and funding-sensitive trades all feel it \u2014 sometimes as a grind lower, sometimes as a sharper move into month-end when funding is already tight.<\/p>\n

The trap is that this topic is surrounded by scary headlines that are mostly wrong. Every few weeks someone circulates the same warning: the Treasury is about to settle a huge slug of debt, liquidity will be \u201cdrained,\u201d and stocks should feel it. The number quoted is almost always the big, alarming one \u2014 and almost always the wrong one. This lesson gives you a simple, repeatable framework so you can look at the same headline and calmly separate the part that matters from the part that doesn\u2019t.<\/p>\n

FINISH READING BELOW<\/a><\/h3>\n

Expand Your Trading Arsenal Now!<\/a><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\n
\"\"<\/a><\/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
\n\n\n\n
\n

Cannon Edge \u2014 Your Daily Futures Snapshot for July 29th<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\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\n\n\n
\n\n\n\n
\n

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:<\/h4>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Current price and daily % change<\/h4>\n

\u00b7\u00a0\u00a0\u00a0\u00a030\u2011day and 52\u2011week highs\/lows<\/h4>\n

\u00b7\u00a0\u00a0\u00a0\u00a0PROPRIETARY Short\u2011term and long\u2011term trend signals<\/h4>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Coverage across equity indices, metals, energies, currencies, and ags<\/h4>\n

Whether you’re scanning for breakout setups, trend reversals, or just staying informed \u2014 Cannon Edge puts the data in your hands before the open.<\/h4>\n

\u00a0Built for speed. Backed by insight. Powered by CQG.<\/em><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n

Daily Levels for July 29th, 2026<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\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\n\n\n
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n

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
\n\n\n\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\n\n\n
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n

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
\n\n\n\n
\n\n\n\n
\"\"<\/a><\/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
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n

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
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n
<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\n
Call Now<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n

Join our\u00a0Private Facebook group<\/a><\/p>\n

Subscribe to our\u00a0YouTube Channel<\/a><\/p>\n

Listen to our podcast: Subscribe on\u00a0Apple<\/a>,\u00a0Spotif<\/a>y,\u00a0Amazon<\/a><\/p>\n

or wherever you listen to podcasts!<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\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\n\n\n
\n\n\n\n
\"Facebook\"<\/a>\u00a0\u00a0\"Instagram\"<\/a>\u00a0\u00a0\"LinkedIn\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\n\n\n\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\n\n\n
\n\n\n\n
\n\n\n\n
\"\"<\/a><\/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\n
\n
<\/div>\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
\n\n\n\n
\n\n\n\n
\n\n\n\n
\n\n\n\n
Services<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
Software<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
Tools<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
Community<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n\n
Contact<\/a><\/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
\n\n\n\n
\n\n\n\n
\n\n\n\n
\n\n\n\n
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 Aug (#GC) 3966.37 3996.23 4040.97 4070.83 4115.57 Silver (SI) \u2014 Sept. (#SI) 55.73 56.56 57.69 58.52 59.65 Crude Oil (CL) \u2014 Aug (#CL) 75.08 77.04 79.73 81.69 84.38 \u00a0Sept. Bonds (ZB) \u2014 Sept. (#ZB) 109 24\/32 110 9\/32 110 20\/32 111\u00a0 5\/32 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239,234],"tags":[627,2046],"class_list":["post-23136","post","type-post","status-publish","format-standard","hentry","category-financial-futures","category-trading-guide","tag-futures","tag-treasury-liquidity"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23136","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=23136"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23136\/revisions"}],"predecessor-version":[{"id":23137,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23136\/revisions\/23137"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=23136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=23136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=23136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}