Trading Levels and Economic Reports for March 12, 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 March 12, 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 Tuesday March 12, 2013


Hello Traders,

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

Note to International clients:


USA has moved into Day Light Savings time and we moved our clocks one hour forward this past Sunday. Make sure you adjust your open/ close times etc. accordingly.



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).




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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.


support and resistance levels





5. Economic Reports


All times are Eastern time Zone (EST)

Date 3:49pm Currency Impact Detail Actual Forecast Previous Graph
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

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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