Trading Levels and Economic Reports for March 14, 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 March 14, 2013

Hello Traders,

While stock index futures are still experiencing very low volatility while still trading at 5 years high….Some other markets are providing day-traders with both the risks and opportunities of higher volatility.

So if you are a day-trader and feeling that markets like the mini SP, mini Russell etc. are not providing you with enough intraday range, you may want to start observing other markets like 30 year Treasury Bonds, Crude Oil, Gold, Euro currency to name a few.

Make sure you follow these markets first and practice in simulated mode if you have not traded these markets before. Different markets have different tick size, may have better volume at different times and are sensitive to different reports.

If you need feedback on any market, I will be happy to share if I have the experience.

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GOOD TRADING!

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.

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

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