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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.

 

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 Friday January 11, 2013

 

Hello Traders,

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

 

Weekly chart of the Dow Jones Industrial cash index for your review and longer term perspective.
We closed today right at major resistance so action over next few days is important to watch as it may dictate if we going to make another run up or see the market correct. Time will tell…
DJIA weekly chart

 

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.

 

SR levels for futures

 

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:14pm Currency Impact Detail Actual Forecast Previous Graph
FriJan 11  2:45am EUR French Gov Budget Balance -94.6B
8:30am USD Trade Balance -41.1B -42.2B
8:30am USD Import Prices m/m 0.1% -0.9%
2:00pm USD Federal Budget Balance -11.6B -172.1B

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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