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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, June 10, 2008

Futures Trading levels and Economic reports for June 11th

 
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Dear Trader,
 
Inside trading day on the stock indices.
 
1350, 1340 still major support numbers, while 1367, 1371 are first resistance levels.
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1380.73 2021.33 12575 747.70
Resistance 2 1373.87 2005.67 12474 742.90
Resistance 1 1365.03 1989.33 12375 736.80
Pivot 1358.17 1973.67 12274 732.00
Support 1 1349.33 1957.33 12175 725.90
Support 2 1342.47 1941.67 12074 721.10
Support 3 1333.63 1925.33 11975 715.00
         
Contract  August Gold June Euro July Crude Oil Sept. Bonds 
Resistance 3 920.63 1.5805 143.36 115  7/32
Resistance 2 909.27 1.5728 140.67 114 23/32
Resistance 1 889.43 1.5590 136.18 114     
Pivot 878.07 1.5513 133.49 113 16/32
Support 1 858.23 1.5375 129.00 112 25/32
Support 2 846.87 1.5298 126.31 112  9/32
Support 3 827.03 1.5160 121.82 111 18/32
 
REPORTS (EST): Provided by Tradethenews.com
 

Wednesday, June 11, 2008


Economic
10:35am Crude Oil/Gasoline/Distillate Inventories
2:00pm Fed Beige Book, May Monthly Budget Statement (last -$67.7B)
Events
11:30am Fed's Kohn speaks at Boston Fed conference. 12:15pm Fed's Kroszner and Pianalto speak at community development summit in Cleveland. 1:00pm Fed's Bullard speaks on regulatory reform in New York. 1:30pm US Treasury's Steel speaks on regulatory reform in New York. Credit Suisse Retail Roundup. Piper Jaffray Industrial Growth Conference. UBS Global Basic Materials Conference. Richmond Events Finance Directors' Forum. SMi Energy Risk Management Conference. MBA Mortgage Applications (7:00, last –15.3%). Trades Ex-dividend: KO $0.38, MO $0.29, M $0.133.
Earnings
Before the Open: KFY, BRLC. After the Close: CASY, CYBX, NAVR, QSII, SEH.
 
 
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 1:11 PM

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