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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, March 18, 2008

Futures Trading levels and Economic reports for March 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Extremely volatile FOMC day ended with the market up sharply on 75 basis points cut by the Fed.
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1384.83 1849.00 12808 713.00
Resistance 2 1359.67 1811.00 12607 697.75
Resistance 1 1346.83 1791.00 12503 689.50
Pivot 1321.67 1753.00 12302 674.25
Support 1 1308.83 1733.00 12198 666.00
Support 2 1283.67 1695.00 11997 650.75
Support 3 1270.83 1675.00 11893 642.50
         
Contract  April Gold March Euro May Crude Oil June Bonds 
Resistance 3 1023.20 1.5902 114.35 120 24/32
Resistance 2 1018.10 1.5830 111.62 120 12/32
Resistance 1 1011.20 1.5699 109.69 119 29/32
Pivot 1006.10 1.5627 106.96 119 17/32
Support 1 999.20 1.5496 105.03 119  2/32
Support 2 994.10 1.5424 102.30 118 22/32
Support 3 987.20 1.5293 100.37 118  7/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, March 19, 2008


Economic
10:30 Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –1.9%), BB&T Manufacturing & Materials Conference, Bear Sterns Global Oil & Gas Conference, Dresdner Kleinwort Capital Goods, Aerospace & Defense Conference, Lehman Global Healthcare Conference. Trades Ex-dividend: AGD $0.17, BIF $0.115, BTF $0.273, BTM $1.306.
Earnings
Before the Open: ATU, AES, CHRS, DFS, GIS, MCS, MS, RTLX, ROST. After the Close: BGP, IMOS, CTAS, CLC, CPWM, DDS, GES, HIS, LEV, MGI, NKE.
 
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 1:15 PM

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