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Gold Daily & Trading Levels & Economic Reports 11.13.2013

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday November 13, 2013

Hello Traders,

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

Gold and Silver took a hit today, selling off 1% and 2.5% respectively.

Gold and silver are much different markets in my opinion than mini SP or us tbonds for example. Gold, silver and crude oil for that matter are quite volatile with fear and greed playing a bigger role than in other markets. I have seen these markets make some very large moves intraday at times.

I do think that both gold and crude oil are GOOD markets to observe as potential for day-trading as long as you use stops…if you are a trader that “uses mental stops” , these markets are not for you…Good news is that both crude and gold have a mini contract .

Gold chart for your review below with some possible levels to watch for:

GCE - Gold (Globex), Equalized Active Daily Continuation

GCE – Gold (Globex), Equalized Active Daily Continuation

GOOD 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.

If you like this Newsletter, feel free to forward to a friend!

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

GOOD 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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Contract Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1781.08 3394.75 15847 1111.50 81.94
Resistance 2 1775.42 3380.75 15799 1106.00 81.74
Resistance 1 1769.83 3371.75 15752 1102.90 81.48
Pivot 1764.17 3357.75 15704 1097.40 81.28
Support 1 1758.58 3348.75 15657 1094.30 81.01
Support 2 1752.92 3334.75 15609 1088.80 80.81
Support 3 1747.33 3325.75 15562 1085.70 80.55
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds  Dec. Euro
Resistance 3 1306.9 2200.2 96.99 132  8/32 1.3574
Resistance 2 1296.2 2167.8 96.10 131 30/32 1.3515
Resistance 1 1282.0 2120.7 94.63 131 23/32 1.3476
Pivot 1271.3 2088.3 93.74 131 13/32 1.3417
Support 1 1257.1 2041.2 92.27 131  6/32 1.3378
Support 2 1246.4 2008.8 91.38 130 28/32 1.3319
Support 3 1232.2 1961.7 89.91 130 21/32 1.3280
Contract Dec Corn Dec. Wheat Jan .Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 441.0 647.3 1337.33 439.03 41.55
Resistance 2 438.8 646.8 1328.17 434.17 41.39
Resistance 1 435.5 646.0 1321.33 430.93 41.07
Pivot 433.3 645.5 1312.17 426.07 40.91
Support 1 430.0 644.8 1305.3 422.8 40.6
Support 2 427.8 644.3 1296.17 417.97 40.43
Support 3 424.5 643.5 1289.33 414.73 40.11
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 4:19pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 13  5:00am EUR Industrial Production m/m -0.2% 1.0%
7:10am EUR German Buba President Weidmann Speaks
1:01pm USD 10-y Bond Auction 2.66|2.6
2:00pm USD Federal Budget Balance -104.3B 75.1B
7:00pm USD Fed Chairman Bernanke 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.

 

Tags: > > Posted in: Commodity Trading   | Future Trading News   | Futures Trading   | Metal Futures  

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