Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
We started the week with a nice range trading day that had set ups on both sides through out the session.
Tomorrow will be 6 years since the terror acts of Sept. 11th. The market will honor the memory of the victims of this awful event by having a moment of silence at the open of the trading session.
Hope everyone will enjoy a good trading week.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1488.37 | 2024.33 | 13410 | 804.58 |
| Resistance 2 | 1476.43 | 2005.17 | 13315 | 793.67 |
| Resistance 1 | 1464.97 | 1985.33 | 13230 | 781.33 |
| Pivot | 1453.03 | 1966.17 | 13135 | 770.42 |
| Support 1 | 1441.57 | 1946.33 | 13050 | 758.08 |
| Support 2 | 1429.63 | 1927.17 | 12955 | 747.17 |
| Support 3 | 1418.17 | 1907.33 | 12870 | 734.83 |
| | | | | |
| Contract | December Gold | Sept. Euro | Oct. Crude Oil | Dec. Bonds |
| Resistance 3 | 723.30 | 1.3873 | 80.13 | 115 7/32 |
| Resistance 2 | 719.40 | 1.3847 | 78.86 | 114 23/32 |
| Resistance 1 | 715.80 | 1.3824 | 78.18 | 114 11/32 |
| Pivot | 711.90 | 1.3798 | 76.91 | 113 27/32 |
| Support 1 | 708.30 | 1.3775 | 76.23 | 113 15/32 |
| Support 2 | 704.40 | 1.3749 | 74.96 | 112 31/32 |
| Support 3 | 700.80 | 1.3726 | 74.28 | 112 19/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, September 11, 2007
Economic
8:30 July Trade Balance (-$58.1B last)
11:00 Treasury 10-y note announcement
Events
FDA meeting 8:00 Cardiovascular and Renal Drugs Advisory Committee (ARANESP, EPOGEN, PROCRIT-Amgen Inc.), OPEC meeting, TXN Mid-Q update, 11:00 Bernanke speaks on global imbalances, Gartner CIO Summit, KPMG insurance industry conference, ICSC/UBSW Chain Store Sales (7:45, last 0.2%m/m, 2.3% y/y). Redbook Retail Sales (8:55, last 2.4% y/y –0.5% MTD). ABC Consumer Confidence (last -17). Trades Ex-split: MTW, NVDA, MDR Trades Ex-dividend: BJS. FIS, PFG-B, WYE-PR, CBSH, BRY
Earnings
Before the Open: none seen After the Close: GCOM, OHB, BRLC
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.
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