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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 03, 2008

Futures Trading levels and Economic reports for April 4th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Funny to call a 1.5 million contracts volume day on the mini SP a "light day"....but it sure felt like a light day ahead of tomorrows un-employment figures.
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1397.43 1912.17 12833 729.03
Resistance 2 1387.47 1893.08 12752 722.77
Resistance 1 1380.43 1880.17 12693 718.03
Pivot 1370.47 1861.08 12612 711.77
Support 1 1363.43 1848.17 12553 707.03
Support 2 1353.47 1829.08 12472 700.77
Support 3 1346.43 1816.17 12413 696.03
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 935.47 1.5863 109.26 118 13/32
Resistance 2 924.13 1.5750 107.85 118  7/32
Resistance 1 916.87 1.5686 106.03 117 28/32
Pivot 905.53 1.5573 104.62 117 22/32
Support 1 898.27 1.5509 102.80 117 12/32
Support 2 886.93 1.5396 101.39 117  6/32
Support 3 879.67 1.5332 99.57 116 27/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, April 04, 2008


Economic
8:30am March Non-Farm Payrolls (last –63K), Manufacturing Payrolls (last –52K), Unemployment Rate (last 4.8%), Average Hourly Earnings (last m/m 0.3%, y/y 3.7%), Average Weekly Hours (last 33.7)
Events
2:45pm Fed's Kroszner speaks at IADB meeting in Miami. 8:00am FDA Quality System Regulation Educational Forum. Trades Ex-dividend: MMC $0.20, GLT $0.09.
Earnings
Before the Open: SHLM, AZZ, BTH, FDO, MOS. 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 1:24 PM

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