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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, August 24, 2007

Futures Trading levels and Economic reports for Aug.27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Strong finish for the week after some intervention by the fed with the discount rate this past week.
 
I think anyones guess regarding the market direction for the days and weeks to come is a good one....
 
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1510.50 2021.67 13645 819.30
Resistance 2 1497.20 1995.83 13532 810.50
Resistance 1 1490.40 1982.67 13470 806.10
Pivot 1477.10 1956.83 13357 797.30
Support 1 1470.30 1943.67 13295 792.90
Support 2 1457.00 1917.83 13182 784.10
Support 3 1450.20 1904.67 13120 779.70
         
Contract  December Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 689.83 1.3859 73.38 111 15/32
Resistance 2 684.17 1.3776 72.36 111  8/32
Resistance 1 680.83 1.3728 71.73 111  1/32
Pivot 675.17 1.3645 70.71 110 26/32
Support 1 671.83 1.3597 70.08 110 19/32
Support 2 666.17 1.3514 69.06 110 12/32
Support 3 662.83 1.3466 68.43 110  5/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, August 27, 2007


Economic
10:00AM July Existing Home Sales (last 5.75M)
11:00AM Treasury 2 and 5-year Note Announcements ($18B and $13B expected)
Events
Trades Ex-split: TXT 2:1. Trades Ex-dividend: GLW $0.05, GXP $0.415, GHL $0.38, LZB $0.12.
Earnings
Before the Open: None Seen. After the Close: CSC SNDA.
 
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 1:29 PM

1 Comments:

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10:57 PM  

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