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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, June 20, 2008

Futures Trading levels and Economic reports for June 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market finished the week with a bearish momentum.
 
Next support level is 1311 and for the bulls to hope for a significant bounce, we need to see the market trades above 1327 and then 1342.
 
Have a great weekend and a good trading week starting Monday!
 
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1349.00 2018.00 12231 757.00
Resistance 2 1341.40 1997.00 12143 747.70
Resistance 1 1330.70 1970.00 11993 737.00
Pivot 1323.10 1949.00 11905 727.70
Support 1 1312.40 1922.00 11755 717.00
Support 2 1304.80 1901.00 11667 707.70
Support 3 1294.10 1874.00 11517 697.00
         
Contract  August Gold Sept. Euro July Crude Oil Sept. Bonds 
Resistance 3 922.57 1.5497 143.35 114 18/32
Resistance 2 916.33 1.5600 140.42 114  1/32
Resistance 1 910.27 1.5480 137.60 113 19/32
Pivot 904.03 1.5380 134.67 113  2/32
Support 1 897.97 1.5305 131.85 112 20/32
Support 2 891.73 1.5209 128.92 112  3/32
Support 3 885.67 1.5014 126.10 111 21/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

 
NONE on Monday
 
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 1:16 PM

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