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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday January 7, 2014
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| Contract March 2014 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1845.00 | 3572.92 | 16581 | 1171.10 | 81.41 |
| Resistance 2 | 1838.75 | 3556.58 | 16527 | 1165.20 | 81.24 |
| Resistance 1 | 1829.75 | 3538.42 | 16445 | 1155.00 | 81.02 |
| Pivot | 1823.50 | 3522.08 | 16391 | 1149.10 | 80.85 |
| Support 1 | 1814.50 | 3503.92 | 16309 | 1138.90 | 80.63 |
| Support 2 | 1808.25 | 3487.58 | 16255 | 1133.00 | 80.46 |
| Support 3 | 1799.25 | 3469.42 | 16173 | 1122.80 | 80.24 |
| Contract | Feb. Gold | Mar. Silver | Feb. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1287.4 | 2076.5 | 95.84 | 129 29/32 | 1.3750 |
| Resistance 2 | 1267.5 | 2056.0 | 95.21 | 129 20/32 | 1.3702 |
| Resistance 1 | 1252.3 | 2036.0 | 94.45 | 129 10/32 | 1.3668 |
| Pivot | 1232.4 | 2015.5 | 93.82 | 129 1/32 | 1.3620 |
| Support 1 | 1217.2 | 1995.5 | 93.06 | 128 23/32 | 1.3586 |
| Support 2 | 1197.3 | 1975.0 | 92.43 | 128 14/32 | 1.3538 |
| Support 3 | 1182.1 | 1955.0 | 91.67 | 128 4/32 | 1.3504 |
| Contract | March Corn | March Wheat | Jan .Beans | March SoyMeal | March bean Oil |
| Resistance 3 | 432.8 | 605.8 | 1286.50 | 427.03 | 38.71 |
| Resistance 2 | 430.4 | 605.8 | 1284.25 | 421.47 | 38.55 |
| Resistance 1 | 429.1 | 605.8 | 1280.50 | 417.63 | 38.34 |
| Pivot | 426.7 | 605.8 | 1278.25 | 412.07 | 38.18 |
| Support 1 | 425.3 | 605.8 | 1274.5 | 408.2 | 38.0 |
| Support 2 | 422.9 | 605.8 | 1272.25 | 402.67 | 37.81 |
| Support 3 | 421.6 | 605.8 | 1268.50 | 398.83 | 37.60 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:10pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueJan 7 | 2:00am | EUR | German Retail Sales m/m | 0.5% | -0.8% | ||||
| 3:55am | EUR | German Unemployment Change | -1K | 10K | |||||
| 5:00am | EUR | CPI Flash Estimate y/y | 0.9% | 0.9% | |||||
| EUR | PPI m/m | -0.1% | -0.5% | ||||||
| 8:30am | USD | Trade Balance | -40.2B | -40.6B | |||||
| 10:00am | USD | IBD/TIPP Economic Optimism | 45.3 | 43.1 |
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.