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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, May 22, 2008

Futures Trading levels and Economic reports for May 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Few housing numbers tomorrow before market participants take off for the long Memorial day weekend.
 
Stock indices will observe normal trading hours tomorrow but will be closed Monday.
 
For trading hours for all markets, please visit:  http://www.cannontrading.com/news/newsletter.php#one 
 
Good Trading and enjoy the long weekend.
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1407.50 2003.17 12737 744.58
Resistance 2 1403.50 1992.33 12704 740.67
Resistance 1 1398.50 1979.67 12660 736.83
Pivot 1394.50 1968.83 12627 732.92
Support 1 1389.50 1956.17 12583 729.08
Support 2 1385.50 1945.33 12550 725.17
Support 3 1380.50 1932.67 12506 721.33
         
Contract  June Gold June Euro July Crude Oil June Bonds 
Resistance 3 950.40 1.5889 138.7833 118 30/32
Resistance 2 942.90 1.5843 136.9367 118  4/32
Resistance 1 932.10 1.5768 133.7633 117     
Pivot 924.60 1.5722 131.9167 116  6/32
Support 1 913.80 1.5647 128.7433 115  2/32
Support 2 906.30 1.5601 126.8967 114  8/32
Support 3 895.50 1.5526 123.7233 113  4/32
 
REPORTS (EST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

5/23

9:00

APR

Existing Home Sales

- -

4.85M

- -

4.93M

FRI

9:00

APR

Existing Home Sales MoM

- -

-1.60%

- -

-2.00%

 
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 1:06 PM

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