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Trading Levels and Economic Reports for April 4, 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 Thursday April 4, 2013

Hello Traders,

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

I mentioned yesterday :So far most selling in stock index futures are met with volume buying at lower levels. I wish I had an idea of how long this would last….but I don’t. What can change the dynamics are the few employment reports we have this week. Starting with tomorrow ADP report, Thursday weekly report and non-farm payroll ( the big report) this


It seems that this morning ADP report but actually more so ISM actually gave stock index a lower break for the first time in a while.


I am sharing with you daily chart of mini Russell for your review and possible support/ resistance levels.


mini russell daily chart



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.



futures trading levels



5. Economic Reports


All times are Eastern time Zone (EST)

Date 3:51pm Currency Impact Detail Actual Forecast Previous Graph
ThuApr 4 3:15am EUR Spanish Services PMI 44.3 44.7
3:45am EUR Italian Services PMI 43.4 43.6
4:00am EUR Final Services PMI 46.5 46.5
5:00am EUR PPI m/m 0.2% 0.6%
Tentative EUR French 10-y Bond Auction 2.10|2.2
Tentative EUR Spanish 10-y Bond Auction 4.90|1.9
7:30am USD Challenger Job Cuts y/y 7.0%
7:45am EUR Minimum Bid Rate 0.75% 0.75%
8:30am EUR ECB Press Conference
USD Unemployment Claims 352K 357K
8:45am USD FOMC Member Evans Speaks
10:30am USD Fed Chairman Bernanke Speaks
USD Natural Gas Storage -89B -95B
12:30pm USD FOMC Member George Speaks
5:00pm USD FOMC Member Yellen Speaks
  • More

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 tradingg

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