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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Futures Trading Levels and Economic Reports for December 20, 2010

Market is acting a bit funny….reason i am saying that is that we are trading at relatively HIGH prices, over 52 weeks highs, yet the volatility is at a very low level….

What i have noticed over the years is the wave pattern of volatility….from extremely high volatility to extremely low volatility and goes again….so now the question is when is the next wave of higher volatility starts?

Have a great weekend, successful trading week ahead ( only 4 trading days next week, with Thursday packed with economic numbers).

I will be out of the office until Jan. 3rd but you will receive levels and reports published by colleague here at cannon.

happy Holidays and great trading in 2011!


Trading Levels


Economics Report Source:

Monday, December 20, 2010

Treasury Currency Report
Tentative USD

Wednesday, December 22, 2010

Final GDP q/q
8:30am USD

Final GDP Price Index q/q
8:30am USD

Existing Home Sales
10:00am USD

HPI m/m
10:00am USD

Crude Oil Inventories
10:30am USD

Thursday, December 23, 2010

Core Durable Goods Orders m/m
8:30am USD

Unemployment Claims
8:30am USD

Core PCE Price Index m/m
8:30am USD

Durable Goods Orders m/m
8:30am USD

Personal Spending m/m
8:30am USD

Personal Income m/m
8:30am USD

Revised UoM Consumer Sentiment
9:55am USD

Revised UoM Inflation Expectations
9:55am USD

New Home Sales
10:00am USD

Natural Gas Storage
10:30am USD

Friday, December 24, 2010

Bank Holiday

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, 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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