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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, June 04, 2008

Futures Trading levels and Economic reports for June 5th

 
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Dear Trader,
 
Inside trading day on indices. Prices traded within yesterdays range and pretty much finished unchanged.
 
Break above 1385 can trigger higher prices, a break below 1373 and 1369 can trigger lower prices.
 
Good Trading!
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1403.23 2090.50 12659 767.57
Resistance 2 1395.87 2064.25 12581 759.03
Resistance 1 1386.73 2042.50 12500 751.07
Pivot 1379.37 2016.25 12422 742.53
Support 1 1370.23 1994.50 12341 734.57
Support 2 1362.87 1968.25 12263 726.03
Support 3 1353.73 1946.50 12182 718.07
         
Contract  August Gold June Euro July Crude Oil Sept. Bonds 
Resistance 3 899.03 1.5530 127.39 116 20/32
Resistance 2 894.57 1.5502 126.23 116  1/32
Resistance 1 888.13 1.5465 124.15 115  1/32
Pivot 883.67 1.5437 122.99 114 14/32
Support 1 877.23 1.5400 120.91 113 14/32
Support 2 872.77 1.5372 119.75 112 27/32
Support 3 866.33 1.5335 117.67 111 27/32
 
REPORTS (EST): 

Thursday, June 05, 2008


Economic
7:00am BoE Interest Rate Decision
7:45am ECB Interest Rate Decision
8:30am Initial Jobless Claims (last 372K), Continuing Claims (last 3.104M)
10:30am Natural Gas Inventories
Events
12:00pm Fed's Plosser speaks on financial stability in New York. ICSC Chain Store Sales y/y (1:30pm, last 3.6%). Same store Sales before the open. Credit Suisse Engineering & Environmental Services Conference. Jefferies Global Clean Tech Conference. KLAC Analyst Day. CSC Investor Meeting. Trades Ex-dividend: NKE $0.23, PEG $0.323, CZN $0.25, EQ $0.688, MCD $0.375.
Earnings
Before the Open: ALOG, BRLI, BTH, BF.B, CIEN, CRAI, DLM, FRPT, JTX, KFY, MDZ, MESA, PDC, RSTO, SFD, TSL, UTIW, MTN. After the Close: CHP, CAE, COO, FMCN, HRLY, IUSA, NSM, OPTM, ZQK, SYMM, PAY.
 
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 1:28 PM

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