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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, August 17, 2007

Futures Trading levels and Economic reports for August 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
A client of mine shared the following with me:
 

"Markets can be irrational longer than you can be solvent." - John Maynard Keynes

 
LEVELS:
 

Contract (SEPT. 2007)

SP500 (big & Mini)

Nasdaq100 (big & Mini)

Dow Jones (big & Mini)

Mini Russell

Resistance 3

1499.60

1953.00

13500

828.67

Resistance 2

1479.80

1928.00

13360

816.83

Resistance 1

1464.90

1911.00

13230

802.92

Pivot

1445.10

1886.00

13090

791.08

Support 1

1430.20

1869.00

12960

777.17

Support 2

1410.40

1844.00

12820

765.33

Support 3

1395.50

1827.00

12690

751.42

Contract

December Gold

Sept. Euro

Sept. Crude Oil

Sept. Bonds

Resistance 3

687.03

1.3756

73.15

111 5/32

Resistance 2

680.67

1.3657

72.73

110 22/32

Resistance 1

673.73

1.3580

72.35

110 8/32

Pivot

667.37

1.3481

71.93

109 25/32

Support 1

660.43

1.3404

71.55

109 11/32

Support 2

654.07

1.3305

71.13

108 28/32

Support 3

647.13

1.3228

70.75

108 14/32

 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, August 20, 2007


Economic
10:00AM July Leading Indicators (last –0.3%)
Events
American Bankers Association Forum for Fiduciaries. Trades Ex-split: SHEN 3:2, FFIV 2:1 RIMM 3:1. Trades Ex-dividend: PBR $0.45.
Earnings
Before the Open: ITRN KNSY LOW SOLF TSL. After the Close: KONG LTOPN OPLK PERY.
 
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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