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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, January 17, 2008

Futures Trading levels and Economic reports for Jan 18th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Another interesting trading day with additional selling pressure.
 
Tomorrow is option expiration day. Monday the markets will be closed (Martin Luther King Jr. )
 
Plan your trade and trade your plan!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1416.83 1947.50 12837 723.50
Resistance 2 1399.67 1926.00 12693 714.50
Resistance 1 1368.83 1891.00 12447 699.00
Pivot 1351.67 1869.50 12303 690.00
Support 1 1320.83 1834.50 12057 674.50
Support 2 1303.67 1813.00 11913 665.50
Support 3 1272.83 1778.00 11667 650.00
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 901.00 1.4845 94.21 121 29/32
Resistance 2 895.50 1.4778 93.20 121  2/32
Resistance 1 888.00 1.4716 91.59 120 18/32
Pivot 882.50 1.4649 90.58 119 23/32
Support 1 875.00 1.4587 88.97 119  7/32
Support 2 869.50 1.4520 87.96 118 12/32
Support 3 862.00 1.4458 86.35 117 28/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, January 18, 2008


Economic
10:00am Jan University of Michigan Confidence (last 75.5), Dec Leading indicators (last –0.4%)
Events
8:00am Fed's Lacker speaks on economic outlook in Richmond, Recommended Bond market early close, Trades Ex-split: STAN 2-1. Trades Ex-dividend: BK $0.24, PSD $0.25, SEH $0.135.
Earnings
Before the Open: ACO, GE, SLB, WL. 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 #515
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 1:07 PM

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