The Futures Trader's Destination for Over 25 Years

Open an Account
Call Us Free: 1-800-454-9572
Why Trade with Cannon?
  • USA
  • Canada
  • Mexico
  • United Kingdom
  • France
  • Italy
  • Spain
  • Germany
  • Australia
  • Netherlands
  • Romania
  • Belgium
  • Sweden
  • Czech Republic
  • Hungary
  • Switzerland
  • Austria
  • Portugal
  • Denmark
  • Greece
  • UAE
  • Israel
  • Jordan
  • Saudi Arabia
  • India
  • Argentina
  • Costa Rica
  • Peru
  • Chile
  • Brazil
  • China
  • Hong Kong
  • Japan
  • Russia
  • Thailand
  • South Korea
  • Taiwan
  • Philippines
  • Singapore
  • And Many More!
Countries We Accept Clients From | International Calls: 310-859-9572

Trading Levels and Reports for January 4, 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 4, 2012


Hello Traders,

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


Volatile session with average volume as some traders are still out.


Monthly unemployment report tomorrow! Be aware as this is a market moving event.
The gap open on Wednesday morning “needs to be filled” so we may see some more pressure down but over all I think the market is still strong so my output for swing or medium term trades is wait for lower prices to buy call options ( to “fill the gap” we need to see the market at 1425).
As far as day-trading, there are many ways and techniques to lose…and make money. I think the main factor for most daytraders is money management and discipline.



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.


levesl for commodities and futures



5. Economic Reports


All times are Eastern time Zone (EST)

Date 3:54pm Currency Impact Detail Actual Forecast Previous Graph
FriJan 4  2:00am EUR German Retail Sales m/m 0.9% -1.3%
3:15am EUR Spanish Services PMI 42.7 42.4
3:45am EUR Italian Services PMI 45.1 44.6
4:00am EUR Final Services PMI 47.8 47.8
5:00am EUR CPI Flash Estimate y/y 2.1% 2.2%
5:00am EUR Italian Prelim CPI m/m 0.2% -0.2%
8:30am USD Non-Farm Employment Change 150K 146K
8:30am USD Unemployment Rate 7.7% 7.7%
8:30am USD Average Hourly Earnings m/m 0.2% 0.2%
10:00am USD ISM Non-Manufacturing PMI 54.2 54.7
10:00am USD Factory Orders m/m 0.3% 0.8%
10:30am USD Natural Gas Storage -129B -72B
11:00am USD Crude Oil Inventories -0.7M -0.6M
3:30pm USD FOMC Member Yellen Speaks

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  

Comments are closed.

Download Cannon’s new eBook, “Futures Forthright” instantly.

Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
Doing Business With
See more...