Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Hope all of you will enjoy a successful trading month in August!
LEVELS:
| Contract (Sept 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1523.47 | 2052.33 | 13778 | 810.83 |
| Resistance 2 | 1509.23 | 2029.17 | 13662 | 804.67 |
| Resistance 1 | 1484.97 | 1988.83 | 13463 | 788.33 |
| Pivot | 1470.73 | 1965.67 | 13347 | 782.17 |
| Support 1 | 1446.47 | 1925.33 | 13148 | 765.83 |
| Support 2 | 1432.23 | 1902.17 | 13032 | 759.67 |
| Support 3 | 1407.97 | 1861.83 | 12833 | 743.33 |
| | | | | |
| Contract | Dec Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 673.27 | 1.3783 | 62.45 | 110 30/32 |
| Resistance 2 | 670.63 | 1.3766 | 61.25 | 110 16/32 |
| Resistance 1 | 668.77 | 1.3735 | 60.60 | 110 9/32 |
| Pivot | 666.13 | 1.3718 | 60.00 | 109 27/32 |
| Support 1 | 664.27 | 1.3687 | 59.20 | 109 20/32 |
| Support 2 | 661.63 | 1.3670 | 58.60 | 109 6/32 |
| Support 3 | 659.77 | 1.3639 | 57.90 | 108 31/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, August 01, 2007
Economic
08:15am Jul ADP Employment Change (last 150K)
09:00am Treasury's 30-year Bond and 10-year Note announcement
10:00am Jul ISM Manufacturing (last 56.0), Prices Paid (last 68.0), Jun Pending Home Sales (last –3.5%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –3.6%). Dermatologic and Ophthalmic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee meets at 8:00am. Jul Total Vehicle Sales (last 15.6M); Domestic Vehicle Sales (last 11.8M). Trades Ex-dividend: TCHC $0.18, AA $0.17, LEN $0.16, MWV $0.23, MER $0.35, NSC $0.26, SGP $0.065, WY $0.60.
Earnings
Before the Open: ASF AGN AT ALVR APU AMCS MT ASPV AVA BEC BRY BYD CBI CI XEC CZN CTSH CXR DWSN DVN D RRD ECLP EFJI ENB ENDP ETM EXR FCL GRMN GWR GTIV HNT HP HWCC HGSI IRM JNY KNDL KFT ID LAZ LFUS LOJN MKTX MSO MA MWV MCO MWIV NICE NTMD NJR NBL NOVA OMX OSK OC PKD PH Q RHB RYI SBGI SPW SSYS TSTY TEVA THQI TWX TWC RIG TRX TRW UGI UMC VPHM VC WYN ZGEN. After the Close: APKT AEM AEE AEL ASCA APPB ATML AVB ACLS BARE ABX BGFV BKI CA ELY CHE COGT FIX CCRT CNQR DSCO DLB DRCO EDS ERTS FRT FLML FBN GSX GPRO GYI GIVN GMKT GXP GW GLF HIW IVGN ITRI LF LHCG MANT MIPS MOBE MOLX NABI NANO NAPS NFS NHP EGOV OIIM OII ASGN OKE OKS OPNT PDLI PVA PVR PNSN PGTI LGBT POWI PRU QTM RMKR RCRC SFLY SMDI SMSI SOHU SPTN STAK SBUX SUNH SUN TK TTEK THRM TRN UDRL URI UNM VIRL DIS WCAA WTW WGL WSH.
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
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!
Sincerely,
Ilan Levy-Mayer, M.B.A
Vice President / commodity broker
Cannon Trading Co Inc. - home of online futures trading
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannontrading.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
* Important Please Note:
IMPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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