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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, May 19, 2008

Futures Trading levels and Economic reports for May 20th

 
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Dear Trader,
 
Some inflation numbers coming out tomorrow and the market (at least in my eyes) looks a bit weak at the current levels.
 
Trade well!!
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1458.37 2096.83 13050 740.73
Resistance 2 1449.53 2075.92 13045 740.47
Resistance 1 1439.67 2050.83 13042 740.23
Pivot 1430.83 2029.92 13037 739.97
Support 1 1420.97 2004.83 13034 739.73
Support 2 1412.13 1983.92 13029 739.47
Support 3 1402.27 1958.83 13026 739.23
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 926.47 1.5722 130.76 118  2/32
Resistance 2 920.33 1.5667 129.26 117 16/32
Resistance 1 913.07 1.5573 128.27 117  3/32
Pivot 906.93 1.5518 126.77 116 17/32
Support 1 899.67 1.5424 125.78 116  4/32
Support 2 893.53 1.5369 124.28 115 18/32
Support 3 886.27 1.5275 123.29 115  5/32
 
REPORTS (EST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

5/20

7:30

APR

Producer Price Index     (MoM)

- -

0.40%

-.2% - +2.6%

1.10%

TUE

7:30

APR

PPI Ex Food & Energy    (MoM)

- -

0.20%

+.1% - +.4%

0.20%

 

7:30

APR

Producer Price Index     (YoY)

- -

6.80%

- -

6.90%

 

7:30

APR

PPI Ex Food & Energy    (YoY)

- -

2.90%

- -

2.70%

 

9:00

MAY

IBD/TIPP Economic Optimism

- -

38

- -

39.2

 

16:00

18-May

ABC Consumer Confidence

- -

- -

- -

-47

 

 
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 1:33 PM

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