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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, August 09, 2007

Futures Trading levels and Economic reports for August 10th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Another extremely volatile day. Starting to sound like a broken record.....
 
At times like these, the trades ytou choose not to take may be more important than the ones you do take.
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1518.83 2047.00 13827 812.00
Resistance 2 1506.17 2025.00 13723 806.00
Resistance 1 1481.83 1986.00 13527 794.50
Pivot 1469.17 1964.00 13423 788.50
Support 1 1444.83 1925.00 13227 777.00
Support 2 1432.17 1903.00 13123 771.00
Support 3 1407.83 1864.00 12927 759.50
         
Contract  August Gold Sept. Euro Sept. Crude Oil Sept. Bonds 
Resistance 3 685.47 1.3959 73.71 110 21/32
Resistance 2 681.73 1.3897 72.93 110  7/32
Resistance 1 677.27 1.3796 72.26 109 22/32
Pivot 673.53 1.3734 71.48 109  8/32
Support 1 669.07 1.3633 70.81 108 23/32
Support 2 665.33 1.3571 70.03 108  9/32
Support 3 660.87 1.3470 69.36 107 24/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, August 10, 2007


Economic
8:30AM July Import Price Index (last 1.0%)
2:00AM July Monthly Budget Statement (last -$33.2B)
Events
Trades Ex-dividend: PCU $1.60.
Earnings
Before the Open: AYR CRP DISH WCRX. 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 1:20 PM

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