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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, April 09, 2008

Futures Trading levels and Economic reports for April 10th

 
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Dear Trader,
 
Both bank of England and Euro Central Bank will announce rate decisons before market open. During market hours Fed Chairman Bernanke speaks at Financial Stability forum. Those events may transalte into a bit more volatility tomorrow.
 
Good trading!
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1387.17 1888.67 12774 730.00
Resistance 2 1378.83 1872.33 12697 722.50
Resistance 1 1368.17 1852.67 12619 711.00
Pivot 1359.83 1836.33 12542 703.50
Support 1 1349.17 1816.67 12464 692.00
Support 2 1340.83 1800.33 12387 684.50
Support 3 1330.17 1780.67 12309 673.00
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 973.67 1.6032 117.01 121  8/32
Resistance 2 955.83 1.5925 114.61 120 13/32
Resistance 1 946.67 1.5849 112.75 119 29/32
Pivot 928.83 1.5742 110.35 119  2/32
Support 1 919.67 1.5666 108.49 118 19/32
Support 2 901.83 1.5559 106.09 117 24/32
Support 3 892.67 1.5483 104.23 117  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, April 10, 2008


Economic
7:00am BoE Interest Rate Announcement
7:45am ECB Interest Rate Announcement
8:30am Feb Trade Balance (last -$58.2B), Initial Jobless Claims (last 407K), Continuing Claims (last 2.937M)
10:30am Natural Gas Inventories
1:00pm TIPS Auction results
2:00pm March Monthly Budget Statement (last -$96.3B)
Events
1:00pm Fed Chairman Bernanke speaks at Financial Stability Forum in Richmond, VA. 10:00am FDA Cellular, Tissue and Gene Therapies Advisory Committee. Same Store Sales before the open. March ICSC/UBSW Chain Store Sales y/y (1:30pm, last 1.9%). Trades Ex-dividend: MKC $0.22, BBT $0.46, ERIC $0.572.
Earnings
Before the Open: CHINA, CAO, FCSX, FRPT, IART, KKD, PIR, RSTO, RAD, WCG. During Trading Hours: CBSH. After the Close: DNA, INTV, RVI, PAY.
 
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 1:05 PM

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