Top Five Commodities to Watch | Canadian Dollar Chart | Support and Resistance Levels

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Monday, November 14 2011

1. Market Commentary

This week’s “Top 5 Commodities to Watch”, an article written by Cannon Trading’s senior broker John D. Thorpe, was featured on the Financial Edge section of Investopedia. John introduces Gold, Live Cattle, Corn, Sugar, and energies like Crude Oil, Unleaded Gas and Heating Oil as the commodities to watch over the next month. He then breaks down why investors should be paying attention, citing a variety of international price pressures, seasonal tendencies, and recent government data.

Also below is a daily chart of Canadian Dollar along with the trade reco I sent subscribers yesterday:

Long Dec. Canada

Long at 98.03 limit

stop 97.20

target 99.18

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2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

4. Economic Reports for Monday, November 14, 2011

Industrial Production m/m
5:00am

Mortgage Delinquencies
14th – 18th