Trading Levels and Reports for January 25, 2013 - Cannon Trading

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 Reports for January 25, 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 Friday January 25, 2013


Hello Traders,

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

We hit a major resistance level today at 1497. The market backed down but not too much for now.How the market behaves around major support and resistance levels is important, so monitor price action over the next few days for clues if we are about to retrace lower ( a break below 1482 can trigger move back to 1455) OR if the market can break the 1497-1500 ( mini SP500) level and trade above it which may signal one more leg up to 1530.If you are a stock index traders, make sure you are aware what earnings are scheduled and when as these earnings definitely affect the index futures.

Here is highlights of earnings schedule for tomorrow:

25. JAN. 2013    Today´s Highlighted Earnings Releases
PG Procter & Gamble Co Q2 2013 The Procter & Gamble Company Earnings Release $ 1.11 n/a $ 1.10 25-Jan BMO
HON Honeywell International Inc Q4 2012 Honeywell Earnings Release $ 1.09 n/a $ 1.05 25-Jan BMO
HAL Halliburton Co Q4 2012 Halliburton Company Earnings Release n/a n/a n/a 25-Jan BMO
COV Covidien PLC Q1 2013 Covidien plc Earnings Release $ 1.06 n/a $ 1.13 25-Jan BMO
WY Weyerhaeuser Co Q4 2012 Weyerhaeuser Co. Earnings Release $ 0.20 n/a $ 0.14 25-Jan BMO
KMB Kimberly-Clark Corp Q4 2012 Kimberly-Clark Earnings Release $ 1.35 n/a $ 1.28 25-Jan BMO



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.



trading levels


5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:07pm Currency Impact Detail Actual Forecast Previous Graph
FriJan 25  4:00am EUR German Ifo Business Climate 103.1 102.4
Day 3 ALL WEF Annual Meetings
10:00am USD New Home Sales 387K 377K

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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