{"id":12,"date":"2022-08-29T14:31:49","date_gmt":"2022-08-29T14:31:49","guid":{"rendered":"https:\/\/www.e-futures.com\/blog\/?p=12"},"modified":"2022-08-29T14:31:49","modified_gmt":"2022-08-29T14:31:49","slug":"wyntk-before-trading-tomorrow-august-25th-futures-trading-levels","status":"publish","type":"post","link":"https:\/\/www.e-futures.com\/blog\/wyntk-before-trading-tomorrow-august-25th-futures-trading-levels\/","title":{"rendered":"WYNTK before trading tomorrow, August 25th Futures Trading Levels"},"content":{"rendered":"
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Bullet Points: Highlights and Announcements<\/h3>\n

By Mark O\u2019Brien Senior Broker<\/p>\n

Energy:\u00a0September Natural gas<\/a>\u00a0touched $10.028 per million British thermal units intraday yesterday, a 14-yr. high.\u00a0It closed at $9.193 \u2013 a \u00b1 $9,000 per contract correction off its highs, yet still more than twice the price a year ago.<\/p>\n

Financials:\u00a0If you turn to any financial news source, you\u2019d think the only thing traders are thinking about this week is the Federal Reserve Bank of Kansas City\u2019s annual Economic Policy Symposium.\u00a0This is a 3-day gathering of about 120 economists and policy makers from government agencies and academia \u2013 including many central bankers \u2013 from around the world.\u00a0It all takes place in Jackson Hole, Wyoming starting tomorrow.<\/p>\n

Why is it important?\u00a0The symposium kicks off with a speech given by the Chairman of the U.S. Federal Reserve, currently Jerome Powell.\u00a0While not an FOMC meeting where central bank policy is communicated and interest rates are set, the speech has become an opportunity to define the Fed\u2019s. comprehensive policy approach on a global stage to a far-reaching audience.\u00a0Thus, it has become highly anticipated \u2013 arguably more so than past symposium speeches given the current historic rise in inflation globally, and particularly in the U.S. and Europe.\u00a0Probably the overarching question traders are listening for Chair Powell to answer (he almost certainly will not come right out and say it) is whether the Fed will raise rates by 50 or 75 basis points when Federal Reserve members meet in September to consider monetary policy.<\/p>\n

Ten Year Notes<\/a>\u00a0Daily Chart below ( click image for larger chart):<\/p>\n

Ten year notes downside pressure. Close below 117.070 on an hourly basis cam trigger 116.060 pretty quick. My speculation.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\"10<\/div>\n
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\"Sierra<\/a><\/div>\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.\u00a0 You 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 when it comes to Futures Trading.<\/p>\n

Futures Trading Levels<\/strong><\/h3>\n

08-25-2022<\/p>\n

\"Support<\/p>\n

Improve Your Trading Skills<\/h2>\n
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\n
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\n<\/a>Economic Reports, Source:\u00a0<\/strong><\/h3>\n

Forexfactory.com<\/a><\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Bullet Points: Highlights and Announcements By Mark O\u2019Brien Senior Broker Energy:\u00a0September Natural gas\u00a0touched $10.028 per million British thermal units intraday yesterday, a 14-yr. high.\u00a0It closed at $9.193 \u2013 a \u00b1 $9,000 per contract correction off its highs, yet […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-12","post","type-post","status-publish","format-standard","hentry","category-e-futures-blog"],"_links":{"self":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":2,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/12\/revisions"}],"predecessor-version":[{"id":20,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/12\/revisions\/20"}],"wp:attachment":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/media?parent=12"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/categories?post=12"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/tags?post=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}