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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, September 05, 2007

Futures Trading levels and Economic reports for Sept. 6th

 
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Dear Trader,
 
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1496.73 2052.50 13541 806.80
Resistance 2 1489.47 2037.75 13470 801.90
Resistance 1 1483.03 2020.50 13407 798.30
Pivot 1475.77 2005.75 13336 793.40
Support 1 1469.33 1988.50 13273 789.80
Support 2 1462.07 1973.75 13202 784.90
Support 3 1455.63 1956.50 13139 781.30
         
Contract  December Gold Sept. Euro Oct. Crude Oil Dec. Bonds 
Resistance 3 697.07 1.3809 77.08 113  8/32
Resistance 2 694.63 1.3744 76.43 112 25/32
Resistance 1 692.67 1.3705 76.08 112 16/32
Pivot 690.23 1.3640 75.43 112  1/32
Support 1 688.27 1.3601 75.08 111 24/32
Support 2 685.83 1.3536 74.43 111  9/32
Support 3 683.87 1.3497 74.08 111     
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, September 06, 2007


Economic
7:00am Bank of England Interest Rate Decision
8:30am Q2 US Productivity and Costs (revised), Non-farm Productivity (prior 1.8%), Unit Labor Costs (prior 2.1%), Initial Jobless Claims (last 334K), Continuing Claims (prior 2,579)
7:45am European Central Bank Interest Rate Decision
10:00am August ISM Non-manufacturing Survey (prior 55.8)
10:30am Crude Oil/Gasoline/Distillate Inventories, Natural Gas Inventories
Events
Fed Speakers: 11:30 US Fed's Yellen, Kroszner speak at San Francisco Conference, 12:00 US Fed's Poole speaks about European jobs and trade in London, 12:25 US Fed's Lockhart speaks on U.S. Economic Outlook in Atlanta, 2:00 US Fed's Fisher speaks at Forum in Las Cruces, New Mexico, 1:00 TXN speaks at Citi conference to discuss outlook, S&P Money Show, NYSE Energy Investor Virtual Forum, August ICSC Chain Store Sales w/w (prior + 0.3%); y/y (prior +2.5%), Trades Ex-dividend: BNI $0.32, FDX $0.10, KFT $0.27, BWN $0.067, NKE $0.185, OXY $0.25, PEG $0.585, RAI $0.85.
Earnings
Before the Open: CRMT, CPB, CHINA, DSGX, FLE, JTX, JOSB, KFY, METH, MOV, NOBH, PTMK, UTIW, VOL. After the Close: ASHW, CAE, CSC, COO, HOV, ISLE, KWD, NSM, NINE, OHB, TUTR, ZQK, RVI, SAI, SHFL, SWHC, PAY.
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 1:28 PM

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