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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 10, 2008

Futures Trading levels and Economic reports for April 11th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1388.00 1911.33 12795 724.50
Resistance 2 1378.60 1890.67 12720 717.50
Resistance 1 1370.30 1874.33 12648 710.50
Pivot 1360.90 1853.67 12573 703.50
Support 1 1352.60 1837.33 12501 696.50
Support 2 1343.20 1816.67 12426 689.50
Support 3 1334.90 1800.33 12354 682.50
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 953.70 1.6006 115.45 120 19/32
Resistance 2 946.60 1.5936 113.83 120  4/32
Resistance 1 939.20 1.5816 112.00 119 18/32
Pivot 932.10 1.5746 110.38 119  3/32
Support 1 924.70 1.5626 108.55 118 18/32
Support 2 917.60 1.5556 106.93 118  3/32
Support 3 910.20 1.5436 105.10 117 17/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, April 11, 2008


Economic
8:30am March Import Price Index (last m/m 0.2%, y/y 13.6%)
10:00am April preliminary U of Michigan Confidence (last 69.5)
Events
9:00am Fed's Fisher speaks at a trade conference in Dallas. G7 Meeting of Financial Ministers in Washington, DC. National Assoc of Broadcasters 2008 Conference. Trades Ex-dividend: ABT $0.36, WWY $0.335, FCX $0.438.
Earnings
Before the Open: FAST, GE. After the Close: PKX.
 
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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