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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, September 24, 2007

Futures Trading levels and Economic reports for Sept. 25th

 
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Dear Trader,
 
Small pattern of lower lows and lower highs post the FOMC rally is developing opening up a possibility for a retracement back to 1514 basis the Dec. SP500 if we can break below 1528 (todays low).
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1553.77 2115.00 14060 832.17
Resistance 2 1548.13 2105.50 14013 826.78
Resistance 1 1539.47 2092.00 13935 819.27
Pivot 1533.83 2082.50 13888 813.88
Support 1 1525.17 2069.00 13810 806.37
Support 2 1519.53 2059.50 13763 800.98
Support 3 1510.87 2046.00 13685 793.47
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 750.20 1.4205 82.57 111 21/32
Resistance 2 745.90 1.4179 82.08 111  9/32
Resistance 1 742.60 1.4140 81.34 111  3/32
Pivot 738.30 1.4114 80.85 110 23/32
Support 1 735.00 1.4075 80.11 110 17/32
Support 2 730.70 1.4049 79.62 110  5/32
Support 3 727.40 1.4010 78.88 109 31/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, September 25, 2007


Economic
10:00am Sep Consumer Confidence (last 105.0), Sep Richmond Fed Manufacturing Index (last 7), Aug Existing Home Sales (last 5.75M, m/m –0.2%),
Events
5:30pm Plosser speaks on productivity, Friedland Capital Inc Undervalued Equities Conference, WiMAX World USA, CFO European Summit, ICSC/UBSW Chain Store Sales (7:45, last 2.4%). Redbook Retail Sales (8:55, last %). ABC Consumer Confidence (last -15). Trades Trades Ex-dividend: LM $0.24, SWY $0.069, SRE $0.31, THO $2.07, UVE $0.08
Earnings
Before the Open: FDS, LEN, MCS After the Close: CPRT, FUL, RHT, RECN, SMSC, WOR
 
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 1:07 PM

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