{"id":4673,"date":"2013-02-20T13:20:47","date_gmt":"2013-02-20T21:20:47","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=4673"},"modified":"2014-09-15T05:06:42","modified_gmt":"2014-09-15T13:06:42","slug":"trading-levels-and-economic-reports-for-february-21-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-levels-and-economic-reports-for-february-21-2013\/","title":{"rendered":"Trading Levels and Economic Reports for February 21, 2013"},"content":{"rendered":"

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Jump to a section in this post:<\/p>\n

1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Economic Reports for Thursday February 21, 2013<\/a><\/strong><\/p>\n

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Hello Traders,<\/strong><\/p>\n

For 2013 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

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We finally had a volatility and price breakout on stock index futures. After a long period of very low volatility and tight ranges, market experienced higher volatility today and broke to the down side.<\/p>\n

Markets do go through cycles of lower and higher volatility and traders need to adjust their strategy accordingly.<\/p>\n

Below is a daily chart of the mini Russell 2000, which has been somewhat the leader of stock indices recently. Notice we are sitting on first support (red line, DMA) at 912 with next level at 891<\/p>\n

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GOOD TRADING!<\/strong><\/p>\n

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.<\/p>\n

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5. Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST)<\/a><\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n2:24pm<\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
ThuFeb 21<\/td>\n<\/a>\u00a03:00am<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n43.9<\/td>\n42.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Services PMI<\/td>\n<\/td>\n<\/td>\n44.5<\/td>\n43.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:30am<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n50.4<\/td>\n49.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Services PMI<\/td>\n<\/td>\n<\/td>\n55.5<\/td>\n55.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n48.4<\/td>\n47.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFlash Services PMI<\/td>\n<\/td>\n<\/td>\n49.2<\/td>\n48.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nSpanish 10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n5.29|2.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nCore CPI m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n353K<\/td>\n341K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nCPI m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nUSD<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n55.6<\/td>\n55.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nExisting Home Sales<\/td>\n<\/td>\n<\/td>\n4.89M<\/td>\n4.94M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPhilly Fed Manufacturing Index<\/td>\n<\/td>\n<\/td>\n1.1<\/td>\n-5.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n21st-24th<\/td>\nUSD<\/td>\n<\/td>\nMortgage Delinquencies<\/td>\n<\/td>\n<\/td>\n<\/td>\n7.40%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nCB Leading Index m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n-119B<\/td>\n-157B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n11:00am<\/td>\nUSD<\/td>\n<\/td>\nCrude Oil Inventories<\/td>\n<\/td>\n<\/td>\n1.9M<\/td>\n0.6M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n12:30pm<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Bullard Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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