Trading Levels and Economic Reports for March 6, 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 March 6, 2013

 

Hello Traders,

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

Not much to share today as far as trading pointers or market outlook…SP500 broke the 1530 level and the next few days/ unemployment reports will provide the fuel to either take this market towards the 1550 level or send it back to test the 1512 area.

 

Rollover day for stock index futures is this Thursday.


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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.

 

 

support and resistance levels

 

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:15pm Currency Impact Detail Actual Forecast Previous Graph
WedMar 6  5:00am EUR Revised GDP q/q -0.6% -0.6%
8:15am USD ADP Non-Farm Employment Change 172K 192K
10:00am USD Factory Orders m/m -2.2% 1.8%
10:30am USD Crude Oil Inventories 0.9M 1.1M
2:00pm USD Beige Book

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

Tags: > > > Posted in: Future Trading News  

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