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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, October 25, 2007

Futures Trading levels and Economic reports for Oct. 26th

 
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Dear Trader,
 
Second day in a row that wide intraday ranges combined with higher volatility end up around the un-changed levels.
 
Perhaps the Univ. of Michigan report tomorrow will help the market decide on a direction.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1556.50 2267.83 14005 840.10
Resistance 2 1543.00 2239.17 13890 830.30
Resistance 1 1532.50 2216.33 13815 821.90
Pivot 1519.00 2187.67 13700 812.10
Support 1 1508.50 2164.83 13625 803.70
Support 2 1495.00 2136.17 13510 793.90
Support 3 1484.50 2113.33 13435 785.50
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 777.17 1.4469 94.39 114 13/32
Resistance 2 775.33 1.4412 92.45 114  6/32
Resistance 1 773.17 1.4372 91.41 114     
Pivot 771.33 1.4315 89.47 113 25/32
Support 1 769.17 1.4275 88.43 113 19/32
Support 2 767.33 1.4218 86.49 113 12/32
Support 3 765.17 1.4178 85.45 113  6/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, October 26, 2007


Economic
10:00am University of Michigan Consumer Confidence (last 82.0)
Events
Trades Ex-dividend: APOG $0.74, CRS $0.30, IHP $0.25, RX $0.03, MSB $0.48, PCBS $0.115
Earnings
Before the Open: CAS, ALEX, ALE, ABFS, BHI, BC, CCUR, CVG, CFC, CVH, EXC, FO, HMA, IDXX, IR, ITT, KIM, LZ, LABL, SAIA, TDW, THI, VVI, WMI After the Close: MTH
 
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
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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 1:23 PM

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