Futures Trading Levels & Economic Reports for July 13th 2010

Daily chart below of mini SP 500 shows that we are trading against some potential resistance right around the 1081 level. I think the next few days will carry higher volatility than last two trading sessions and should provide more volatility and ranges for day-traders.

EP - E Mini Standard & Poor's 500 (S&P), Equalized Active Daily Continuation

EP – E Mini Standard & Poor’s 500 (S&P), Equalized Active Daily Continuation

Trading Levels:

Futures Trading Levels for July 12th 2010

Futures Trading Levels for July 12th 2010

This Week’s Calendar from Econoday.Com

All reports are EST time

  • NFIB Small Business Optimism Index – 7:30 AM ET
  • ICSC-Goldman Store Sales – 7:45 AM ET
  • International Trade – 8:30 AM ET
  • Redbook – 8:55 AM ET
  • 4-Week Bill Auction – 11:30 AM ET
  • 10-Yr Note Auction – 1:00 PM ET
  • Treasury Budget – 2:00 PM ET

Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures 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: Commodity Trading   | Future Trading News   | Futures Trading  

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