Economic Reports and Trading Levels for February 12, 2013


Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday February 12, 2013


Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!


Extremely low volume today in the financials markets. Chinese New Year? Maybe. Either way Happy Chinese New Year and best of luck trading to all.


Daily chart of the US Treasury Bonds ( 30 years)  for your review below. This is another good market for day-trading and in general in my opinion.


us bonds daily chart




Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. 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.


support and resistance levels


5. Economic Reports


All times are Eastern time Zone (EST)

Date 3:58pm Currency Impact Detail Actual Forecast Previous Graph
TueFeb 12 All Day EUR ECOFIN Meetings
 7:30am USD NFIB Small Business Index 89.0 88.0
10:30am EUR ECB President Draghi Speaks
11:30am USD FOMC Member George Speaks
2:00pm USD Federal Budget Balance -4.6B -0.3B
9:00pm USD President Obama Speaks

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, 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 judgment in trading

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