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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, August 03, 2007

Futures Trading levels and Economic reports for August 6th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
We are in a different market enviroment as of the last few weeks/months. Trading ranges are much wider and volatility is high. Take this into consideration while trading.
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1510.90 2013.50 13797 811.50
Resistance 2 1495.20 1995.00 13668 799.75
Resistance 1 1468.40 1967.00 13467 778.50
Pivot 1452.70 1948.50 13338 766.75
Support 1 1425.90 1920.50 13137 745.50
Support 2 1410.20 1902.00 13008 733.75
Support 3 1383.40 1874.00 12807 712.50
         
Contract  August Gold Sept. Euro Sept. Crude Oil Sept. Bonds 
Resistance 3 694.43 1.3994 78.82 111 22/32
Resistance 2 689.47 1.3916 78.06 111  7/32
Resistance 1 686.93 1.3858 76.77 110 29/32
Pivot 681.97 1.3780 76.01 110 14/32
Support 1 679.43 1.3722 74.72 110  4/32
Support 2 674.47 1.3644 73.96 109 21/32
Support 3 671.93 1.3586 72.67 109 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, August 06, 2007


Economic
Events
CIBC Annual Enterprise Software Conference. CSFB Aerospace & Defense Conference. Trades Ex-dividend: HET $0.40, MER $0.37, VLO $0.12.
Earnings
Before the Open: CTB CXW DRAD ENCY LCRY LNT MCY NRP NWN ORBK RAE SNTS ELOS TDG WTR. After the Close: ACMR ALGT ASEI AHS AGII AUDC AXS BLKB NILE BMC BDE BEXP CBM CDR CLWR CRK CNO CTRP CUTR DNB EBS GHDX HLEX HLF HIMX ITWO JCOM LOCM MNT MIVA NAVR NVTL OMPI OTTR PRXL PKY POM PAA QGEN RSCR RTEC WINS SINA SRSL STAA SYKE TTEC TBBK TNS TMTA YSI WNG WYNN.
 
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.
 

posted by Cannon Trading at 1:08 PM

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