Trading Levels and Reports for January 9, 2013 - Cannon Trading

Trading Levels and Reports for January 9, 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 Wednesday January 9, 2012

 

Hello Traders,

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

 

Daily chart of the mini SP 500 for your review below. While I still think the medium term outlook for this market is higher, I believe that we may see”filling the gap” around 1428 before a move higher.
mini Sp 500 daily chart

 

GOOD TRADING!

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.

 

levels for jan 9th

 

 

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
WedJan 9  5:00am EUR Final GDP q/q -0.1% -0.1%
6:00am EUR German Industrial Production m/m 1.1% -2.6%
10:30am USD Crude Oil Inventories 0.9M -11.1M
1:00pm USD 10-y Bond Auction 1.65|3.0

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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