Trading Levels and Economic Reports for February 20, 2013

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.

Trading Levels and Economic Reports for February 20, 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 Wednesday February 20, 2013


Hello Traders,

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

Markets came back from the long weekend very sluggish for the most part with lower volume than average.

This will change tomorrow as we have some early morning reports along with FOMC minutes later in the day.

One market that is seeing volatility is the gold market.

Weekly chart with LONGER term levels to watch for ( including the very important 1690 support level)  is below for your review.

weekly gold 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.


trading levels



5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
WedFeb 20  2:00am EUR German PPI m/m 0.4% -0.3%
EUR German Final CPI m/m -0.5% -0.5%
2:45am EUR French CPI m/m -0.2% 0.3%
Tentative EUR German 10-y Bond Auction 1.56|1.7
8:30am USD Building Permits 0.92M 0.91M
USD PPI m/m 0.3% -0.2%
USD Core PPI m/m 0.2% 0.1%
USD Housing Starts 0.93M 0.95M
10:00am EUR Consumer Confidence -23 -24
20th-24th USD Mortgage Delinquencies 7.40%
2:00pm USD FOMC Meeting Minutes

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

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