Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, June 18, 2008

Futures Trading levels and Economic reports for June 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
1332 to 1327 is major support zone. Will be interesting to see how the market acts if we test this area.
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1359.53 2001.67 12032 732.50
Resistance 2 1353.87 1989.83 12030 732.10
Resistance 1 1346.33 1975.67 12025 731.50
Pivot 1340.67 1963.83 12023 731.10
Support 1 1333.13 1949.67 12018 730.50
Support 2 1327.47 1937.83 12016 730.10
Support 3 1319.93 1923.67 12011 729.50
         
Contract  August Gold Sept. Euro July Crude Oil Sept. Bonds 
Resistance 3 917.57 1.5444 143.23 114 26/32
Resistance 2 907.83 1.5600 140.05 114  2/32
Resistance 1 901.97 1.5480 138.17 113 20/32
Pivot 892.23 1.5380 134.99 112 27/32
Support 1 886.37 1.5305 133.11 112 13/32
Support 2 876.63 1.5209 129.93 111 21/32
Support 3 870.77 1.5210 128.05 111  7/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

6/19

7:30

14-Jun

Initial Jobless Claims

 

375K

- -

384K

THU

7:30

7-Jun

Continuing Claims

 

3139K

- -

3139K

 

9:00

JUN

Philadelphia Fed.

 

-10

-22.8 - 0

-15.6

 

9:00

MAY

Leading Indicators

 

0.00%

-1% - +.4%

0.10%

 

13:30

 

Fed Vice Chairman Kohn testifies at a Senate Banking subcommittee hearing

 

 

 

 

 
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 1:46 PM

0 Comments:

Post a Comment

<< Home