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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, June 23, 2008

Futures Trading levels and Economic reports for June 24th

 
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Dear Trader,
 
Don't think we will see any big moves until the FOMC rate decision on Wednesday, but you never know..... Have a good trading week.
 
 
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1332.13 1972.00 12005 741.17
Resistance 2 1328.67 1961.00 11958 736.33
Resistance 1 1323.33 1939.50 11902 726.67
Pivot 1319.87 1928.50 11855 721.83
Support 1 1314.53 1907.00 11799 712.17
Support 2 1311.07 1896.00 11752 707.33
Support 3 1305.73 1874.50 11696 697.67
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 936.30 1.5528 143.04 114 18/32
Resistance 2 923.00 1.5600 140.59 114  7/32
Resistance 1 904.00 1.5480 138.95 113 24/32
Pivot 890.70 1.5380 136.50 113 14/32
Support 1 871.70 1.5305 134.86 112 31/32
Support 2 858.40 1.5209 132.41 112 20/32
Support 3 839.40 1.5021 130.77 112  5/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

24-25 JUN

 

25-Jun

U.S. Federal Reserve Open Market Committee Meeting

 

 

 

 

 

 

 

 

 

 

 

 

6/24

8:00

APR

S&P/CaseShiller Home Price Ind

 

- -

- -

172.2

TUE

8:00

APR

S&P/CS Composite-20 YoY

 

- -

- -

-14.40%

 

9:00

JUN

Consumer Confidence

 

57

- -

57.2

 

9:00

JUN

Richmond Fed Manufact. Index

 

- -

- -

-3

 

9:00

APR

House Price Index MoM

 

- -

- -

-0.40%

 

16:00

22-Jun

ABC Consumer Confidence

 

- -

- -

- -

 

 

 

 

 

 

 

 

 
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 1:22 PM

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