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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.

Interesting DATE tomorrow…1-11-11

Other than that I don’t have much to share, market is still waiting for either another leg up or correction to the downside.

I am looking at 1255 to 1273 as the band and think that an hourly close above or below can trigger the next move.

Plan your trade, trade your plan!

Mini SP hourly chart for your review below:

SP-500-Day-Trading-2011-01-10

GOOD TRADING!

Trading Levels

futures-trading-levels-20110110

Economics Report Source: http://www.forexfactory.com/calendar.php

Tuesday, January 11, 2011

FOMC Member Plosser Speaks
8:30am USD

IBD/TIPP Economic Optimism
10:00am USD

Wholesale Inventories m/m
10:00am USD

FOMC Member Kocherlakota Speaks
2:00pm USD

Treasury Currency Report
Tentative USD

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!

Tags: > > > > Posted in: Future Trading News   | Futures Broker   | Futures Exchange   | Futures Trading  

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