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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, April 01, 2008

Futures Trading levels and Economic reports for April 2nd

 
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Dear Trader,
 
April fools' day rally? I guess the next few days will let us know....Major resistance is at 1400
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1417.63 1925.00 13002 732.33
Resistance 2 1394.97 1893.50 12828 721.17
Resistance 1 1383.33 1876.00 12737 715.58
Pivot 1360.67 1844.50 12563 704.42
Support 1 1349.03 1827.00 12472 698.83
Support 2 1326.37 1795.50 12298 687.67
Support 3 1314.73 1778.00 12207 682.08
         
Contract  April Gold March Euro May Crude Oil June Bonds 
Resistance 3 927.30 1.5903 105.56 119 16/32
Resistance 2 915.40 1.5818 104.05 118 29/32
Resistance 1 901.60 1.5681 102.56 118  9/32
Pivot 889.70 1.5596 101.05 117 21/32
Support 1 875.90 1.5459 99.56 117  1/32
Support 2 864.00 1.5374 98.05 116 14/32
Support 3 850.20 1.5237 96.56 115 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, April 02, 2008


Economic
8:15am March ADP Employment Change (last –23K)
10:00am Feb Factory Orders (last –2.5%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
9:30am Fed Chairman Bernanke testifies before Congressional Joint Economic Committee. 10:00am Senate Banking Committee Hearing on BSC. MBA Mortgage Applications (7:00am, last 48.1%). BMO Global Fertilizer Conference, CIBC North American Real Estate Equities Conference. Dell Analyst Meeting, Dresdner Kleinwort Consumer Staples Conference, Morgan Stanley Global Electricity & Energy Conference. Trades Ex-dividend: BMY $0.31, KIM $0.40, JPM $0.38, MDT $0.125, DSX $0.10, SYY $0.22.
Earnings
Before the Open: BBY, KMX, LULU, MON, UNF. After the Close: ANGO, CHNL, LNDC, MU, RIMM, RT.
 
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 1:09 PM

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