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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, June 13, 2008

Futures Trading levels and Economic reports for June 16th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1385.20 2029.00 12595 755.83
Resistance 2 1374.10 2004.00 12460 745.27
Resistance 1 1366.30 1989.00 12387 739.63
Pivot 1355.20 1964.00 12252 729.07
Support 1 1347.40 1949.00 12179 723.43
Support 2 1336.30 1924.00 12044 712.87
Support 3 1328.50 1909.00 11971 707.23
         
Contract  August Gold Sept. Euro July Crude Oil Sept. Bonds 
Resistance 3 893.77 1.5702 140.31 113 13/32
Resistance 2 885.23 1.5600 138.69 113  1/32
Resistance 1 878.57 1.5480 136.69 112 15/32
Pivot 870.03 1.5380 135.07 112  3/32
Support 1 863.37 1.5305 133.07 111 17/32
Support 2 854.83 1.5209 131.45 111  5/32
Support 3 848.17 1.5168 129.45 110 19/32
 
REPORTS (EST): Provided by www.tradethenews.com
 

Monday, June 16, 2008


Economic
8:30am June Empire Manufacturing (last –3.2)
9:00am April Net Long-Term TIC Flows (last $80.4B), April Total Net TIC Flows (last –48.2B)
1:00pm June NAHB Housing Market Index (last 19)
Events
10:00am Fed Chairman Bernanke speaks at Senate Finance Committee Health Summit. 1:00pm Fed's Lacker speaks on economic outlook in South Carolina. Edison Electric Institute Annual Convention. Merrill Lynch India Investor Forum. UBS Australian Resources and Energy Conference. SSW Analyst Meeting. Trades Ex-dividend: GES $0.08, INT $0.038.
Earnings
Before the Open: ADBE, LZB, TITN, KAD. After the Close: 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 1:17 PM

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