Trading Levels and Economic Reports for March 12, 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 Tuesday March 12, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
On a different note, I have touched before on the subject of how different trading day “personalities” require different trading approaches in my opinion. A volatile day is traded differently than a quiet, low volume, range bound trading day….
One factor I look at is what reports are due for the trading day. I know from my notes that certain reports have higher chances of creating a volatile trading day than others. A good example is monthly unemployment report, normally comes out the first Friday of each month.
My advice is to keep a journal and write down the affect of the different economic reports on the markets you trade so you have that as a reference each month ( as 90% + of these reports reoccur monthly/ weekly).
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.
All times are Eastern time Zone (EST)
|TueMar 12||3:00am||EUR||German Final CPI m/m||0.6%||0.6%|
|EUR||German WPI m/m||0.4%||0.3%|
|7:30am||USD||NFIB Small Business Index||91.3||88.9|
|2:00pm||USD||Federal Budget Balance||-200.0B||2.9B|