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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, September 06, 2007

Futures Trading levels and Economic reports for Sept. 7th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1500.00 2036.83 13554 809.40
Resistance 2 1492.00 2023.92 13485 803.20
Resistance 1 1485.80 2013.83 13432 798.40
Pivot 1477.80 2000.92 13363 792.20
Support 1 1471.60 1990.83 13310 787.40
Support 2 1463.60 1977.92 13241 781.20
Support 3 1457.40 1967.83 13188 776.40
         
Contract  December Gold Sept. Euro Oct. Crude Oil Dec. Bonds 
Resistance 3 721.40 1.3802 79.12 112 27/32
Resistance 2 714.20 1.3759 78.17 112 20/32
Resistance 1 709.40 1.3726 77.24 112 11/32
Pivot 702.20 1.3683 76.29 112  4/32
Support 1 697.40 1.3650 75.36 111 27/32
Support 2 690.20 1.3607 74.41 111 20/32
Support 3 685.40 1.3574 73.48 111 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, September 07, 2007


Economic
8:30am U.S. Non-Farm Payrolls (prior 92k), Unemployment Rate (prior 4.6%), Change in Manufacturing payrolls (prior –2k), Average Weekly hours (prior 33.8), Average hourly earnings m/m (prior 0.3%), Average hourly earnings y/y (prior 3.9%)
10:00am Wholesale Inventories (prior 0.5%)
Events
UBS Benelux Financials Conference Trades Ex-dividend: SNP $0.642.
Earnings
Before the Open: HITK 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 1:32 PM

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