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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, May 16, 2008

Futures Trading levels and Economic reports for May 19th

 
*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 1443.73 2074.67 13182 762.13
Resistance 2 1435.77 2057.33 13107 754.27
Resistance 1 1430.63 2046.67 13041 747.63
Pivot 1422.67 2029.33 12966 739.77
Support 1 1417.53 2018.67 12900 733.13
Support 2 1409.57 2001.33 12825 725.27
Support 3 1404.43 1990.67 12759 718.63
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 937.80 1.5793 132.11 118 24/32
Resistance 2 921.70 1.5687 129.97 118  3/32
Resistance 1 912.70 1.5628 128.33 117  7/32
Pivot 896.60 1.5522 126.19 116 18/32
Support 1 887.60 1.5463 124.55 115 23/32
Support 2 871.50 1.5357 122.41 115  2/32
Support 3 862.50 1.5298 120.77 114  6/32
 
 
Note all time are CST. 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 1:07 PM

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