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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, November 01, 2007

Futures Trading levels and Economic reports for Nov. 2nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Bearish action post the FOMC rate cut from yesterday. November is going to be an interesting month!
 
Just in case, you may find the equity limits (circuit breakers) at: http://www.cme.com/trading/prd/equity/pricelimits.html 
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1559.97 2266.00 14090 834.33
Resistance 2 1549.73 2253.00 13984 826.92
Resistance 1 1531.27 2233.00 13787 812.33
Pivot 1521.03 2220.00 13681 804.92
Support 1 1502.57 2200.00 13484 790.33
Support 2 1492.33 2187.00 13378 782.92
Support 3 1473.87 2167.00 13181 768.33
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 805.93 1.4568 99.79 115 15/32
Resistance 2 800.77 1.4530 98.02 114 24/32
Resistance 1 797.23 1.4488 95.61 114  9/32
Pivot 792.07 1.4450 93.84 113 18/32
Support 1 788.53 1.4408 91.43 113  3/32
Support 2 783.37 1.4370 89.66 112 12/32
Support 3 779.83 1.4328 87.25 111 29/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, November 02, 2007


Economic
8:30am Oct Nonfarm payrolls (last 110K), Oct Unemployment rate (last 4.7%), Oct change in manufacturing payrolls (last –18K), Oct Average Hourly Earnings (last 0.4% m/m, 4.1% y/y), Oct Average Weekly Hours (last 33.8)
10:00am Sep Factory Orders (last –3.3%),
Events
Trades Ex-dividend: DFR $0.42, ISIL $0.10, MDC $0.25
Earnings
Before the Open: ADO, AEE, AIV, ARJ, B, CNP, CI, DUK, HPOL, HWCC, ICAD, IP, NNI, NYX, PDC, SCG, VIA, During Market Hours: ATRO, BNN, BAB, CVX, RDEN, PGR, RIV, SM, TLM, TBC, TU, WPO After the Close: MXRE
 
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

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