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 Wednesday January 16, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
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.
5. Economic Reports
|WedJan 16||4:00am||EUR||Italian Trade Balance||1.91B||2.45B|
|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%|
|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|
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