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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, August 30, 2007

Futures Trading levels and Economic reports for August 31st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Tomorrow some markets will observe shorter trading hours, like bonds and currencies. Stock indices will have regular session.
 
For detailed list of Labor Day trading schedule , please visit:
 
 
Have a great trading day and an enjoyable Labor Day weekend!
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1489.63 2030.00 13470 803.83
Resistance 2 1480.57 2009.00 13405 798.67
Resistance 1 1470.63 1988.00 13335 789.83
Pivot 1461.57 1967.00 13270 784.67
Support 1 1451.63 1946.00 13200 775.83
Support 2 1442.57 1925.00 13135 770.67
Support 3 1432.63 1904.00 13065 761.83
         
Contract  December Gold Sept. Euro Oct. Crude Oil Dec. Bonds 
Resistance 3 681.03 1.3761 74.69 112 26/32
Resistance 2 678.77 1.3723 74.22 112 15/32
Resistance 1 676.33 1.3677 73.79 112  9/32
Pivot 674.07 1.3639 73.32 111 30/32
Support 1 671.63 1.3593 72.89 111 24/32
Support 2 669.37 1.3555 72.42 111 13/32
Support 3 666.93 1.3509 71.99 111  7/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, August 31, 2007


Economic
08:30AM July Personal Income (last 0.4%), Personal Spending (last 0.1%), PCE Deflator (2.3%), PCE Core M/M (last 0.1%)
09:45AM August Chicago Purchasing Manager (last 53.4)
10:00AM July Factor Orders (last 0.6%), August Final U. of Michigan Confidence (last 83.3)
Events
Fed's Bernanke Symposium in Jackson Hole, WY 10:00AM. Trades Ex-dividend: AVY $0.40, JOYG $0.15.
Earnings
Before the Open: None Seen. After the Close: None Seen.
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 12:58 PM

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