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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 17, 2008

Futures Trading levels and Economic reports for April 18th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
April options expire tomorrow on the equity index futures options, that along with earnings should make for an interesting Friday.
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1393.10 1918.67 12788 718.67
Resistance 2 1383.70 1895.33 12726 714.68
Resistance 1 1377.60 1880.67 12685 711.97
Pivot 1368.20 1857.33 12623 707.98
Support 1 1362.10 1842.67 12582 705.27
Support 2 1352.70 1819.33 12520 701.28
Support 3 1346.60 1804.67 12479 698.57
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 956.77 1.6072 116.99 118  2/32
Resistance 2 953.63 1.6009 116.26 117 22/32
Resistance 1 948.27 1.5933 115.59 117  6/32
Pivot 945.13 1.5870 114.86 116 26/32
Support 1 939.77 1.5794 114.19 116 10/32
Support 2 936.63 1.5731 113.46 115 30/32
Support 3 931.27 1.5655 112.79 115 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, April 18, 2008


Economic
None Seen
Events
8:30am Fed's Lacker, Rosengren speak on liquidity, systemic risk. 10:45am Former Fed Chairman Greenspan, EU's Barrosso speak at a conference in Turin, Italy. 11:30am Fed's Schuermann speaks on banking. Credit Suisse Russian Utilities Conference. Trades Ex-dividend: APA $0.15.
Earnings
Before the Open: ACO, CAT, C, HON, MAN, NVR, PRSP, SLB, WB, WL, XRX. After the Close: WIT.
*Note all time are EST (GMT-5). ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION
 
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 1:22 PM

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