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

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, July 02, 2008

Futures Trading levels and Economic reports for July 3rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Bearish action ahead of tomorrows un employment reports and the long weekend ahead.
 
Make sure you are aware of holiday hours below. Stock Indices will close at 12:15 Chicago time:
 

Times given are Chicago times.

 

 

CME Globex

Thursday, July 3:

CME Globex Equity Index products will close at 12:15 p.m. All other Globex products will close at their regularly scheduled times.

No reopen for agriculture products. All other Globex products will reopen at their regularly scheduled time.

Friday, July 4:

CME Globex Equity Index products halt at 10:30 a.m. CME Globex Foreign Exchange and Interest Rate products close at 12:00 p.m.

NYMEX/COMEX Products through Globex close at their regularly scheduled time.

Agriculture Products are closed.

Monday, July 7:

Normal reopen for all products.

EUREX

No changes to schedule.

LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1314.07 1922.00 11596 712.37
Resistance 2 1303.63 1901.00 11517 703.83
Resistance 1 1283.07 1862.00 11363 687.17
Pivot 1272.63 1841.00 11284 678.63
Support 1 1252.07 1802.00 11130 661.97
Support 2 1241.63 1781.00 11051 653.43
Support 3 1221.07 1742.00 10897 636.77
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 965.23 1.5157 149.38 117 16/32
Resistance 2 956.57 1.5600 146.77 116 27/32
Resistance 1 950.83 1.5480 145.24 116 14/32
Pivot 942.17 1.5380 142.63 115 25/32
Support 1 936.43 1.5305 141.10 115 13/32
Support 2 927.77 1.5209 138.49 114 24/32
Support 3 922.03 1.4812 136.96 114 11/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

7/3

7:30

JUN

Change in Nonfarm Payrolls

- -

-55k

-130K - 0K

-49k

THU

7:30

JUN

Unemployment Rate

- -

5.40%

5.2% - 5.5%

5.50%

 

7:30

JUN

Change in Manufact. Payrolls

- -

-33K

-40K - -15K

-26K

 

7:30

JUN

Average Hourly Earnings MoM

- -

0.30%

- -

0.30%

 

7:30

JUN

Average Hourly Earnings YoY

- -

- -

- -

3.50%

 

7:30

JUN

Average Weekly Hours

- -

33.7

- -

33.7

 

7:30

28-Jun

Initial Jobless Claims

- -

- -

- -

384K

 

7:30

21-Jun

Continuing Claims

- -

- -

- -

3139K

 

9:00

JUN

ISM Non-Manf. Composite

- -

51.5

50.2 - 52.2

51.7

 
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.
 

0 Comments:

Post a Comment

<< Home