Trading Levels and Economic Reports for February 20, 2013
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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.
GOOD TRADING!
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source:http://www.forexfactory.com/calendar.php
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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
