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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, May 27, 2008

Futures Trading levels and Economic reports for May 28th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 

Market started this short trading week with a small rally or perhaps breather from last week sell off. We have 3 trading days left in May and they are packed of different economic reports. Good trading!

 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1406.30 2041.33 12743 752.63
Resistance 2 1396.90 2019.67 12658 743.97
Resistance 1 1391.80 2008.33 12609 738.93
Pivot 1382.40 1986.67 12524 730.27
Support 1 1377.30 1975.33 12475 725.23
Support 2 1367.90 1953.67 12390 716.57
Support 3 1362.80 1942.33 12341 711.53
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 949.93 1.5889 137.56 117 19/32
Resistance 2 940.27 1.5846 135.61 117  5/32
Resistance 1 922.63 1.5765 132.09 116 12/32
Pivot 912.97 1.5722 130.14 115 30/32
Support 1 895.33 1.5641 126.62 115  6/32
Support 2 885.67 1.5598 124.67 114 24/32
Support 3 868.03 1.5517 121.15 113 31/32
 
REPORTS (EST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

5/28

6:00

23-May

MBA Mortgage Applications

- -

- -

- -

-7.80%

WED

7:30

APR

Durable Goods Orders

- -

-1.50%

-4% - +1%

-0.30%

 

7:30

APR

Durables Ex Transportation

- -

-0.50%

- -

0.90%

 

11:50

 

Minneapolis Fed Pres Stern speaks about regional, national and world economy

 

 

 

 

 

12:00

 

Treasury to auction 2-yr notes

 

 

 

 

 

20:00

 

Dallas Fed Pres Fisher speaks on inflation and debt

 

 

 

 

 
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 12:39 PM

1 Comments:

Blogger commodityoutlook said...

Good trading tips. Even we are of similar opinion with respect to Indian commodity markets

3:28 AM  

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