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Trading Levels and Reports for January 16, 2012


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 January 16, 2013


Hello Traders,

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


Risk Management for Technical Traders [Interview Excerpt]

Tips from EWI Senior Analyst Jeffrey Kennedy’s Stocks and Commodities interview
By Elliott Wave International

“Being an analyst and trader involves two totally separate skill sets. As an analyst, you are a master of observation. You are focusing on what could happen. As a trader, your primary focus is on what is happening…” Read more.



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 for Jan 16th



5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:05pm Currency Impact Detail Actual Forecast Previous Graph
WedJan 16  4:00am EUR Italian Trade Balance 1.91B 2.45B
5:00am EUR CPI y/y 2.2% 2.2%
EUR Core CPI y/y 1.5% 1.4%
Tentative EUR German 10-y Bond Auction 1.40|1.5
8:30am USD Core CPI m/m 0.2% 0.1%
USD CPI m/m 0.0% -0.3%
9:00am USD TIC Long-Term Purchases 19.8B 1.3B
9:15am USD Capacity Utilization Rate 78.6% 78.4%
USD Industrial Production m/m 0.2% 1.1%
10:00am USD NAHB Housing Market Index 48 47
10:30am USD Crude Oil Inventories 2.0M 1.3M
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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