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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, October 03, 2007

Futures Trading levels and Economic reports for Oct.4th

 
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Dear Trader,
 
Range bound trading ahead of some economic reports tomorrow and un-employment on Friday.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1565.37 2158.33 14192 842.50
Resistance 2 1560.83 2148.67 14153 839.50
Resistance 1 1555.77 2134.83 14103 834.50
Pivot 1551.23 2125.17 14064 831.50
Support 1 1546.17 2111.33 14014 826.50
Support 2 1541.63 2101.67 13975 823.50
Support 3 1536.57 2087.83 13925 818.50
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 748.80 1.4301 81.88 113  1/32
Resistance 2 744.90 1.4262 81.38 112 21/32
Resistance 1 740.30 1.4184 80.57 112  8/32
Pivot 736.40 1.4145 80.07 111 28/32
Support 1 731.80 1.4067 79.26 111 15/32
Support 2 727.90 1.4028 78.76 111  3/32
Support 3 723.30 1.3950 77.95 110 22/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, October 04, 2007


Economic
7:00am Bank of England Interest Rate Decision
7:45am European Central Bank Interest Rate Decision
8:30am Initial Jobless Claims (last 298K), Continuing claims (last 2.5M)
10:00am Aug Factory Orders (last 3.7%)
10:30am Natural Gas Inventories
Events
12:45pm Fed's Fisher speaks to economists in North Carolina, 1:30pm Fed's Mishkin speaks at event for Deutsche Bank Prize, Informed Investors Real Estate Conference, Think Equity Forum for Healthcare InvestorsTrades Ex-split: TAP 2-1 Trades Ex-dividend: BBY $0.13
Earnings
Before the Open: AYI, CYCL, STZ, FDO, GRB, ISCA, MAR, MTRX After the Close: LWSN, MU, NINE, PLL, RIMM, ZZ, SLR, THO
 
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 1:17 PM

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