Trading Levels and Reports for January 17, 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 Thursday January 17, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
Last few days we witnessed lower than average volume and volatility. Tight ranges relatively.
Different type of market environments, require different techniques in my opinion. Understand the market environment you are trading in and adjust accordingly.
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.
5. Economic Reports
|ThuJan 17||4:00am||EUR||ECB Monthly Bulletin|
|10:00am||USD||Philly Fed Manufacturing Index||7.1||8.1|
|10:30am||USD||Natural Gas Storage||-131B|
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