{"id":23175,"date":"2026-08-10T13:38:06","date_gmt":"2026-08-10T20:38:06","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=23175"},"modified":"2026-08-10T13:38:06","modified_gmt":"2026-08-10T20:38:06","slug":"crude-oil-us","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude-oil-us\/","title":{"rendered":"Crude Oil Pricing amidst the Ongoing Conflict; Your Important Futures Trading Guide for August 11th, 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 Dec. (#GC)<\/td>\n

4345.10<\/td>\n4396.20<\/td>\n4425.00<\/td>\n4476.10<\/td>\n4504.90<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

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

62.08<\/td>\n64.01<\/td>\n65.13<\/td>\n67.07<\/td>\n68.19<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

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

76.22<\/td>\n79.19<\/td>\n80.75<\/td>\n83.72<\/td>\n85.28<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Sept. Bonds (ZB)<\/strong><\/h2>\n

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

108 7\/32<\/td>\n108 18\/32<\/td>\n109 3\/32<\/td>\n109 14\/32<\/td>\n110 31\/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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Priced Before Proven: A Range Resolved, a Ceasefire Assumed, and a Labor Market Going Quiet<\/h2>\n

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

US\/Iran Conflict – Deal?<\/h3>\n

The week\u2019s story is easy to state and harder to sit with: the market got paid for believing things that have not happened yet. Stocks rallied to fresh all-time highs \u2014 every major index except the Nasdaq \u2014 and the move was set off at the very start of the week by a simultaneous drop in oil prices and Treasury yields after the Treasury Secretary suggested a ceasefire with Iran was close. By Friday there was still no deal.<\/p>\n

Oman\/Crude Oil<\/h3>\n

The only agreement visibly in the works appears to be one with Oman, and a report late in the week described Iran\u2019s draft plan as banning the United States and Israel from the Strait entirely \u2014 the opposite of the \u201cfreedom of movement\u201d language that started the rally on Monday. Crude and the curve are trading as if the probability of a resolution is high. That\u2019s a position, not a fact.<\/p>\n

S&P<\/h3>\n

The cleanest thing that happened was technical. After roughly three months of chopping inside a 7,250\u20137,600 band, the S&P broke out to fresh all-time highs on Wednesday. A three-month range resolving upward is an incrementally bullish development on its own terms, and it tends to bring a second wave of buying that has nothing to do with fundamentals: performance chasing by managers who are behind the index, and short covering by anyone who spent the summer positioned for the range to hold.<\/p>\n

Call volume in the S&P complex stayed elevated all week, which is what it looks like when the fear of missing a move overtakes the fear of the move. The counterweight is just as mechanical \u2014 a market that gains this much this fast is stretched near-term, and a breakout that needs chasing to sustain itself is the one most exposed if the catalyst behind it never arrives.\u00a0FINISH READING and VIEW CHARTS<\/a><\/strong><\/p>\n

Need help looking at different markets? get some insight from an experienced series 3 broker?<\/h3>\n

The call is free and we are here to assist – try us!<\/a><\/em><\/h3>\n

+310 859 9572<\/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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September Silver<\/h3>\n

September Silver activated upside PriceCount objectives off the July low. The recovery rally is approaching the first target to the 65.78 area.<\/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

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

Highly recommended for HEDGERS!<\/em><\/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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Trading Signals on Trading View – FREE Trial<\/a><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Edge \u2014 Your Daily Futures Snapshot for August 11th<\/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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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:<\/h3>\n

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

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

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

\u00b7\u00a0\u00a0\u00a0\u00a0Coverage across equity indices, metals, energies, currencies, and ags<\/p>\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.<\/h3>\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
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Daily Levels for August 11th, 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

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At A Glance Levels Instrument S2 S1 Pivot R1 R2 Gold (GC) \u2014 Dec. (#GC) 4345.10 4396.20 4425.00 4476.10 4504.90 Silver (SI) \u2014 Sept. (#SI) 62.08 64.01 65.13 67.07 68.19 Crude Oil (CL) \u2014 Sept. (#CL) 76.22 79.19 80.75 83.72 85.28 \u00a0Sept. Bonds (ZB) \u2014 Sept. (#ZB) 108 7\/32 108 18\/32 109 3\/32 109 14\/32 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,234],"tags":[357,1767,2052],"class_list":["post-23175","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-trading-guide","tag-crude-oil-2","tag-iran","tag-us"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23175","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=23175"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23175\/revisions"}],"predecessor-version":[{"id":23177,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23175\/revisions\/23177"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=23175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=23175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=23175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}