{"id":23441,"date":"2026-11-04T13:29:02","date_gmt":"2026-11-04T21:29:02","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=23441"},"modified":"2026-11-04T13:29:02","modified_gmt":"2026-11-04T21:29:02","slug":"futures-nov-5-2026","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-nov-5-2026\/","title":{"rendered":"Your Important Post-Election Futures Trading Outlook | November 5th, 2026"},"content":{"rendered":"\n\n\n
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At A Glance Levels<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\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 Dec. (#GC)<\/td>\n

3874.50<\/td>\n3973.80<\/td>\n4027.50<\/td>\n4126.80<\/td>\n4180.50<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Dec. (#SI)58.79<\/td>\n

47.75<\/td>\n50.03<\/td>\n51.26<\/td>\n53.54<\/td>\n54.78<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

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

80.92<\/td>\n84.73<\/td>\n90.94<\/td>\n94.75<\/td>\n100.96<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Dec. Bonds (ZB)<\/strong><\/h2>\n

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

106 27\/32<\/td>\n107 18\/32<\/td>\n107 30\/32<\/td>\n108 21\/32<\/td>\n109 1\/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<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The Morning After: Analyzing Election Night’s Sharp Market Turnaround<\/h2>\n

Election night delivered exactly what traders crave and fear at the same time: volatility.<\/em><\/h3>\n

\"futures\"<\/p>\n

As results began rolling in, financial markets were hit with sharp swings as traders attempted to price in the potential economic, fiscal, regulatory, and geopolitical implications of the election outcome. Initial reactions sent several key markets in one direction, only to see a dramatic reversal as the night progressed and investors digested the broader picture.<\/p>\n

Stock Index Futures: From Uncertainty to Optimism<\/h3>\n

One of the biggest stories of the evening was the remarkable U-turn in stock index futures. Early election uncertainty prompted a risk-off tone, but as clarity increased, buyers returned aggressively.<\/p>\n

Markets generally favor certainty over uncertainty. Once traders gained a clearer understanding of the likely political landscape, attention quickly shifted from election headlines back toward corporate earnings, economic growth, interest rates, and fiscal policy.<\/p>\n

For S&P 500, Nasdaq, and Dow futures traders, the focus now returns to whether the post-election environment will support continued economic expansion and corporate profitability heading into year-end. The next major catalysts will likely be Federal Reserve commentary, inflation data, and upcoming employment reports.<\/p>\n

Crude Oil: Caught Between Politics and Fundamentals<\/h3>\n

Crude oil traders face a somewhat different challenge.<\/p>\n

While election outcomes can influence energy policy expectations, the crude market continues to be driven largely by global supply and demand dynamics. OPEC+ production decisions, U.S. shale output, global economic growth, and geopolitical tensions remain the primary drivers.<\/p>\n

Recent price action suggests traders remain concerned about demand growth despite ongoing geopolitical uncertainty. If economic activity strengthens following the election and recession concerns continue to ease, crude could find support. However, any signs of slowing global growth may quickly shift attention back toward demand destruction concerns.<\/p>\n

For now, traders should remain focused on inventory data, production numbers, and OPEC developments rather than political headlines alone.<\/p>\n

Metals: Watching Inflation and the Dollar<\/h3>\n

The precious metals sector also experienced heightened volatility as election results unfolded.<\/p>\n

Gold and silver often serve as safe-haven assets during periods of uncertainty. As election clarity improved, some of that defensive demand moderated. However, the bigger picture for metals remains closely tied to interest rates, inflation expectations, and the U.S. dollar.<\/p>\n

If markets begin pricing in stronger economic growth and potentially higher inflation, precious metals could find renewed support despite occasional pressure from a stronger dollar. Conversely, if bond yields continue to rise aggressively, gold could face headwinds.<\/p>\n

Industrial metals such as copper may benefit if traders anticipate increased infrastructure spending, manufacturing activity, and broader economic growth in the months ahead.<\/p>\n

The Bottom Line<\/h3>\n

Election night reminded traders why risk management remains every trader’s most important tool. Initial market reactions are often emotional, while longer-term trends tend to develop as investors absorb the implications of new information.<\/p>\n

The dramatic reversal witnessed overnight serves as another excellent example of why disciplined traders focus on managing risk, following their trading plans, and avoiding emotionally driven decisions during major news events.<\/p>\n

As we move beyond election headlines, expect market attention to quickly return to the themes that have dominated much of the year: interest rates, inflation, economic growth, energy demand, and corporate earnings.<\/p>\n

For active futures traders, those drivers may ultimately prove far more significant than the election itself.<\/p>\n

Futures, options, and swaps trading involve substantial risk and are not suitable for all investors. Past performance is not necessarily indicative of future results.<\/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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Free Live Class: Open Your Trading Day with Eli Levy<\/h3>\n

Join Eli Gal Levy live on Zoom every Tuesday at 10:00 AM ET for a free session to understand the markets. Eli walks through the overnight action, the key levels he\u2019s watching in the E-mini S&P, Nasdaq, crude oil, gold, Treasuries and more, and the economic reports that could move markets that day or week. He also shares the risk-management habits that matter most when volatility picks up.<\/p>\n

Eli has been trading since 1998 and is an educator in trading financial markets. He writes The Cannon Edge Pre-Market Briefing and the Weekly Technical Playbook, and he teaches futures trading courses at GalTrades.com.<\/p>\n

REGISTER FREE \u2192<\/a><\/h3>\n

Every Tuesday | 10:00 AM ET | Free on Zoom<\/h3>\n

Your personal Zoom link arrives by email as soon as you register.<\/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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December – March Wheat Spread<\/h3>\n

The December – March Wheat Spread broke out to the topside and activated upside PriceCount objectives. The first count projects a potential run to the -8 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 https:\/\/www.qtinfo.com\/analysis\/qt-chart-of-the-day\/<\/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 Nov. 5th<\/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:<\/p>\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

Built 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 Nov. 5th, 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: 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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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
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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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Call Now<\/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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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 Dec. (#GC) 3874.50 3973.80 4027.50 4126.80 4180.50 Silver (SI) \u2014 Dec. (#SI)58.79 47.75 50.03 51.26 53.54 54.78 Crude Oil (CL) \u2014 Dec. (#CL) 80.92 84.73 90.94 94.75 100.96 \u00a0Dec. Bonds (ZB) \u2014 Dec. (#ZB) 106 27\/32 107 18\/32 107 30\/32 108 21\/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":[357,2090,127],"class_list":["post-23441","post","type-post","status-publish","format-standard","hentry","category-financial-futures","category-trading-guide","tag-crude-oil-2","tag-election","tag-stock-index-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23441","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=23441"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23441\/revisions"}],"predecessor-version":[{"id":23443,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23441\/revisions\/23443"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=23441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=23441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=23441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}