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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, August 16, 2007

Futures Trading levels and Economic reports for Aug.17th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Volatility is unprecedented since I became a broker in 1998. Preservation of capital and survival should be number one priority in my opinion.
 
LEVELS:
 
Contract (Sept 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1491.33 1944.50 13471 823.17
Resistance 2 1458.17 1909.50 13210 798.83
Resistance 1 1441.33 1883.00 13077 786.67
Pivot 1408.17 1848.00 12816 762.33
Support 1 1391.33 1821.50 12683 750.17
Support 2 1358.17 1786.50 12422 725.83
Support 3 1341.33 1760.00 12289 713.67
         
Contract  Dec Gold Sept. Euro Sept. Crude Oil Sept. Bonds 
Resistance 3 695.50 1.3562 62.45 112  5/32
Resistance 2 685.60 1.3512 61.25 111 17/32
Resistance 1 671.80 1.3471 60.60 111  2/32
Pivot 661.90 1.3421 60.00 110 14/32
Support 1 648.10 1.3380 59.20 109 31/32
Support 2 638.20 1.3330 58.60 109 11/32
Support 3 624.40 1.3289 57.90 108 28/32
 
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, August 17, 2007


Economic
10:00AM August Preliminary University of Michigan Confidence (last 90.4)
Events
Fed's Poole speaks about U.S. Exports 9:00AM. Trades Ex-dividend: MAC $0.71, PRK $0.93.
Earnings
Before the Open: CCUR SJM.
 
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 1:41 PM

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