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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, October 05, 2007

Futures Trading levels and Economic reports for Oct. 8th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
We finished this week the same way we started....with a very powerful rally.
 
Will be interesting to see if the momentum carries into next week as well or if we will see some profit taking.
 
Have a good weekend and a good trading week.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1591.57 2218.33 14342 871.35
Resistance 2 1582.53 2195.67 14274 862.05
Resistance 1 1576.67 2183.33 14214 857.40
Pivot 1567.63 2160.67 14146 848.10
Support 1 1561.77 2148.33 14086 843.45
Support 2 1552.73 2125.67 14018 834.15
Support 3 1546.87 2113.33 13958 829.50
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 771.97 1.4330 82.81 113  8/32
Resistance 2 761.33 1.4253 82.25 112 20/32
Resistance 1 754.27 1.4204 81.64 111 23/32
Pivot 743.63 1.4127 81.08 111  3/32
Support 1 736.57 1.4078 80.47 110  6/32
Support 2 725.93 1.4001 79.91 109 18/32
Support 3 718.87 1.3952 79.30 108 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, October 08, 2007


Economic
None Seen
Events
Foreign Exchange and Interest rate products traded on CME are closed in observance of Columbus Day. CF&B Communication Mid Cap conference, Biotech 2007 Symposium
Earnings
Before the Open: MERX. After the Close: QMED, YUM
 
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 1:25 PM

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