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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, June 19, 2008

Futures Trading levels and Economic reports for June 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
1332 held so far as support.
 
1351 is resistance.
 

No reports tomorrow but we do have quadruple option expiration day, which is usually characterized by erratic volatility.

 

Good Trading!

 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1367.60 2072.67 12254 752.40
Resistance 2 1358.60 2037.33 12185 745.40
Resistance 1 1350.30 2014.67 12116 741.40
Pivot 1341.30 1979.33 12047 734.40
Support 1 1333.00 1956.67 11978 730.40
Support 2 1324.00 1921.33 11909 723.40
Support 3 1315.70 1898.67 11840 719.40
         
Contract  August Gold Sept. Euro July Crude Oil Sept. Bonds 
Resistance 3 932.87 1.5484 142.28 114 11/32
Resistance 2 921.93 1.5600 140.05 113 29/32
Resistance 1 910.67 1.5480 135.94 113  6/32
Pivot 899.73 1.5380 133.71 112 24/32
Support 1 888.47 1.5305 129.60 112  1/32
Support 2 877.53 1.5209 127.37 111 19/32
Support 3 866.27 1.5118 123.26 110 28/32
 
REPORTS (EST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

 
none tomorrow
 
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.
 

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