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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, June 30, 2008

Futures Trading levels and Economic reports for July 1st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
We finished the month and the quarter on a bearish note.
 
Hope everyone will enjoy successful trading in July!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1305.43 1891.67 11567 711.50
Resistance 2 1298.57 1881.33 11496 706.70
Resistance 1 1289.53 1863.67 11415 698.10
Pivot 1282.67 1853.33 11344 693.30
Support 1 1273.63 1835.67 11263 684.70
Support 2 1266.77 1825.33 11192 679.90
Support 3 1257.73 1807.67 11111 671.30
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 954.63 1.5196 147.57 117  1/32
Resistance 2 946.17 1.5600 145.62 116 20/32
Resistance 1 937.13 1.5480 143.07 116  7/32
Pivot 928.67 1.5380 141.12 115 26/32
Support 1 919.63 1.5305 138.57 115 12/32
Support 2 911.17 1.5209 136.62 114 31/32
Support 3 902.13 1.4878 134.07 114 18/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

7/1

 

JUN

Total Vehicle Sales

- -

14.2M

- -

14.3M

TUE

9:00

JUN

ISM Manufacturing

- -

49

48 - 50

49.6

 

9:00

MAY

Construction Spending MoM

- -

-0.60%

-1.4% - -.2%

-0.40%

 

9:00

JUN

ISM Prices Paid

- -

86.5

- -

87

 

16:00

29-Jun

ABC Consumer Confidence

- -

- -

- -

-43

 

 

 

 

 

 

 

 

 
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 1:03 PM

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