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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, April 08, 2008

Futures Trading levels and Economic reports for April 9th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Volatility died out a bit the last couple of sessions and volume was relatively low today.
 
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1383.13 1888.00 12695 725.33
Resistance 2 1377.67 1877.00 12650 720.17
Resistance 1 1373.33 1865.00 12620 716.33
Pivot 1367.87 1854.00 12575 711.17
Support 1 1363.53 1842.00 12545 707.33
Support 2 1358.07 1831.00 12500 702.17
Support 3 1353.73 1819.00 12470 698.33
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 929.07 1.5861 111.81 119 30/32
Resistance 2 924.53 1.5807 110.72 119 19/32
Resistance 1 921.27 1.5733 109.81 118 30/32
Pivot 916.73 1.5679 108.72 118 19/32
Support 1 913.47 1.5605 107.81 117 30/32
Support 2 908.93 1.5551 106.72 117 19/32
Support 3 905.67 1.5477 105.81 116 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, April 09, 2008


Economic
10:00am Feb Wholesale Inventories (last 0.8%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
9:30am Fed Chairman Bernanke speaks on financial literacy in Washington, DC. 1:30pm Fed's Fisher speaks on US economy in San Antonio. Citigroup Capital Introductions Conference. Same Store Sales after the close. MBA Mortgage Applications (7:00am, last –28.7%). Trades Ex-dividend: GD $0.35, YUM $0.15, SAF $0.40, GNW $0.10, AXP $0.18.
Earnings
Before the Open: ACGY, CC, GBX, ISCA, MERX, MTG, PGR, SGR. After the Close: APOG, BBBY, CBK, WDFC.
 
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 1:04 PM

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