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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, September 27, 2007

Futures Trading levels and Economic reports for Spet. 28th

 
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Dear Trader,
 
If tomorrows economic numbers are not too bad...I suspect the market will test the highs of 1552 and then make a decision.
 
Significant resistance at 1552, important support at 1530
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1554.90 2137.33 14085 826.80
Resistance 2 1549.80 2129.92 14048 823.50
Resistance 1 1547.20 2125.83 14026 821.10
Pivot 1542.10 2118.42 13989 817.80
Support 1 1539.50 2114.33 13967 815.40
Support 2 1534.40 2106.92 13930 812.10
Support 3 1531.80 2102.83 13908 809.70
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 749.47 1.4276 86.44 112 16/32
Resistance 2 746.23 1.4245 84.76 111 31/32
Resistance 1 743.07 1.4208 83.85 111 21/32
Pivot 739.83 1.4177 82.17 111  4/32
Support 1 736.67 1.4140 81.26 110 26/32
Support 2 733.43 1.4109 79.58 110  9/32
Support 3 730.27 1.4072 78.67 109 31/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, September 28, 2007


Economic
8:30am Aug Personal Income (last 0.5%), Aug Personal Spending (last 0.4%), Aug PCE Deflator (y/y last 2.1%), Aug PCE Core (y/y last 1.9%, m/m last 0.1%)
9:45 Sep Chicago PMI (last 53.8)
10:00 Aug Construction Spending m/m (last –0.4%), Sep U. of Michigan Consumer Confidence (last 83.8), Sep NAPM – Milwaukee (last 63.0)
Events
10:00am Fed's Lockhart speaks on the economy, 10:15am Yellen speaks on behavioral economics, 5:00pm Fed's Poole speaks on Central Banking, First Energy Capital Global Energy Conference Trades Ex-split: FCSX 3-2. Trades Ex-dividend: RJF $0.10
Earnings
Before the Open: AZZ . 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 1:28 PM

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