Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, October 11, 2007

Futures Trading levels and Economic reports for Oct. 12th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Welcome back volatility! 30 points range from high to low during todays session. If the pattern continues (high volatility) than asses your trading strategies and risk management to make sure you adjust them to current market conditions.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1612.03 2274.00 14481 870.50
Resistance 2 1599.27 2244.00 14376 864.00
Resistance 1 1582.03 2205.00 14229 852.00
Pivot 1569.27 2175.00 14124 845.50
Support 1 1552.03 2136.00 13977 833.50
Support 2 1539.27 2106.00 13872 827.00
Support 3 1522.03 2067.00 13725 815.00
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 769.47 1.4370 86.38 111 14/32
Resistance 2 764.23 1.4316 85.03 111  1/32
Resistance 1 760.47 1.4262 83.96 110 27/32
Pivot 755.23 1.4208 82.61 110 14/32
Support 1 751.47 1.4154 81.54 110  8/32
Support 2 746.23 1.4100 80.19 109 27/32
Support 3 742.47 1.4046 79.12 109 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, October 12, 2007


Economic
08:30 Sep PPI (last –1.4% m/m, last 2.2% y/y), Sep PPI ex Food and Energy (last 0.2% m/m, last 2.2% y/y), Sep Advance Retail Sales (last 0.3%)
10:00 Oct U. of Michigan Consumer Confidence (last 83.4), Aug Business Inventories (last 0.5%)
Events
9:10am Fed's Bernanke Gives opening remarks at Dallas Fed Conference, Marcus Evans Pharma Research Excellence Conference, Trades Ex-dividend: BSC $0.32, NHHC $0.175
Earnings
Before the Open: None Seen. 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 1:10 PM

0 Comments:

Post a Comment

<< Home