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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, June 12, 2008

Futures Trading levels and Economic reports for June 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Friday the 13th is tomorrows trade date.....sos-so close for the market, as the early rally faded, yet the market was able to close higher.
 
Should be an interesting session tomorrow. good trading!
 
DON'T FORGET, WE ARE TRADING SEPTEMBER INDICES AND CURRENCIES, NOT JUNE!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1373.33 1993.50 12459 744.33
Resistance 2 1363.17 1974.00 12366 737.87
Resistance 1 1351.83 1951.50 12266 729.83
Pivot 1341.67 1932.00 12173 723.37
Support 1 1330.33 1909.50 12073 715.33
Support 2 1320.17 1890.00 11980 708.87
Support 3 1308.83 1867.50 11880 700.83
         
Contract  August Gold Sept. Euro July Crude Oil Sept. Bonds 
Resistance 3 909.77 1.5569 144.91 114 27/32
Resistance 2 897.33 1.5600 141.19 114  7/32
Resistance 1 884.47 1.5480 139.00 113  6/32
Pivot 872.03 1.5380 135.28 112 18/32
Support 1 859.17 1.5305 133.09 111 17/32
Support 2 846.73 1.5209 129.37 110 29/32
Support 3 833.87 1.5008 127.18 109 28/32
 
REPORTS (EST): Provided by www.tradethenews.com
 
 

Friday, June 13, 2008


Economic
8:30am May CPI (last m/m 0.2%, y/y 3.9%; ex food & energy last m/m 0.1%, y/y 2.3%)
10:00am Preliminary June U. of Michigan Confidence (last 59.8)
Events
12:00pm Former Fed Chairman Greenspan speaks in Mexico City. 12:00pm Credit Suisse Wealth Management Conference. Trades Ex-split: SF 3-2. Trades Ex-dividend: RF $0.38, ECL $0.13.
Earnings
None Seen
 
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 1:22 PM

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