Economic Reports and Trading Levels for February 5,2013


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 5, 2013


Hello Traders,

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

I have heard from clients about the North Sea Crude oil contract. Moves in very high correlation with the regular NYMEX crude but seems to have better volume during our night session/ pre market when most European traders will trade this contract. Thought I would share this with you as general FYI.


Below is my daytrading chart template for this contract.

Range Chart, Ice Brent Crude Futures


Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ?   You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.


To start your trial, please visit:



If so, please send me an email with the following information:


1. Are you currently trading futures?

2. Charting software you use?

3. If you use sierra or ATcharts, please let me know the user name so I can enable you

4. Markets you currently trading?



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 3:43pm Currency Impact Detail Actual Forecast Previous Graph
TueFeb 5  3:15am EUR Spanish Services PMI 44.7 44.3
3:45am EUR Italian Services PMI 45.9 45.6
4:00am EUR Final Services PMI 48.3 48.3
5:00am EUR Retail Sales m/m -0.5% 0.1%
EUR Italian Prelim CPI m/m 0.2% 0.3%
8:30am USD FOMC Member Duke Speaks
10:00am USD ISM Non-Manufacturing PMI 55.2 56.1
USD IBD/TIPP Economic Optimism 46.1 46.5

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

Tags: > > > Posted in: Future Trading News  

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