Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Today was one of the quietest days in a while....I am pretty sure we will see higher volatility tomorrow as monthly un-employment numbers will be released at 7:30AM central time.
Bonds close early tomorrow and wont trade on Monday, rest of the markets will observe regular trading hours tomorrow and Monday Oct. 8th.
REPEAT, stock indices will have regular trading hours tomorrow, Friday Oct. 5th and Monday Oct. 8th.
LEVELS:
| Contract (DEC. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1562.50 | 2153.67 | 14148 | 843.50 |
| Resistance 2 | 1558.60 | 2141.33 | 14119 | 839.50 |
| Resistance 1 | 1556.10 | 2133.67 | 14083 | 837.00 |
| Pivot | 1552.20 | 2121.33 | 14054 | 833.00 |
| Support 1 | 1549.70 | 2113.67 | 14018 | 830.50 |
| Support 2 | 1545.80 | 2101.33 | 13989 | 826.50 |
| Support 3 | 1543.30 | 2093.67 | 13953 | 824.00 |
| | | | | |
| Contract | December Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 768.03 | 1.4271 | 85.38 | 112 31/32 |
| Resistance 2 | 756.27 | 1.4220 | 83.56 | 112 18/32 |
| Resistance 1 | 750.03 | 1.4188 | 82.54 | 112 10/32 |
| Pivot | 738.27 | 1.4137 | 80.72 | 111 29/32 |
| Support 1 | 732.03 | 1.4105 | 79.70 | 111 21/32 |
| Support 2 | 720.27 | 1.4054 | 77.88 | 111 8/32 |
| Support 3 | 714.03 | 1.4022 | 76.86 | 111 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Friday, October 05, 2007
Economic
8:30am Sep Non Farm payrolls (last –4K), Sep Unemployment rate (last 4.6%), Sep Manufacturing payrolls (last –46K), Sept Average Hourly Earnings (m/m last 0.3%, y/y last 3.9%), September average weekly hours (last 33.8)
3:00pm Aug Consumer Credit (last $7.5B)
Events
9:10am Fed's Kohn speaks on economic outlook in Philadelphia, 7:00pm Fed's Warsh speaks on Financial Markets at Siena College, Financial Research Associates Hedge Fund Financial Reporting Seminar, Trades Ex-dividend: DRI $0.18, GIS $0.39, JCP $0.20, ETH $0.22, LNC $0.395, VZ $0.43
Earnings
Before the Open: EMMS, MERX 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.
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