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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, July 09, 2008

Futures Trading levels and Economic reports for July 10th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Yesterdays rally was short lived as the market gave up all it gained on heavier volume.
 
Next levels to watch are 1241, 1236 and 1229. Who knows what the market will do in the next day or so but overall the action of last few weeks suggesst lower prices in the weeks and months to come.
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1302.80 1914.00 11606 701.27
Resistance 2 1290.80 1895.50 11509 692.93
Resistance 1 1269.00 1860.00 11325 677.67
Pivot 1257.00 1841.50 11228 669.33
Support 1 1235.20 1806.00 11044 654.07
Support 2 1223.20 1787.50 10947 645.73
Support 3 1201.40 1752.00 10763 630.47
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 947.17 1.5263 140.45 118 19/32
Resistance 2 938.83 1.5600 139.37 117 31/32
Resistance 1 933.87 1.5480 137.51 117 21/32
Pivot 925.53 1.5380 136.43 117  2/32
Support 1 920.57 1.5305 134.57 116 24/32
Support 2 912.23 1.5209 133.49 116  4/32
Support 3 907.27 1.4966 131.63 115 26/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

7/10

7:30

5-Jul

Initial Jobless Claims

- -

- -

- -

- -

THU

7:30

28-Jun

Continuing Claims

- -

- -

- -

- -

 

12:30

JUN

ICSC Chain Store Sales YoY

- -

- -

- -

3.00%

 

 

 

 

 

 

 

 

 
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 1:05 PM

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