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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, July 11, 2008

Futures Trading levels and Economic reports for July 14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Wild trading day to finish the week!
 
Increased volatilty with sharp, fast, large moves in both directions but when it was all said and done, we had another down day.
 
Have a great weekend!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1291.17 1902.25 11583 705.37
Resistance 2 1274.83 1873.50 11431 692.33
Resistance 1 1258.17 1845.75 11265 683.67
Pivot 1241.83 1817.00 11113 670.63
Support 1 1225.17 1789.25 10947 661.97
Support 2 1208.83 1760.50 10795 648.93
Support 3 1192.17 1732.75 10629 640.27
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 1001.90 1.5232 153.52 119  4/32
Resistance 2 985.50 1.5600 150.40 118 10/32
Resistance 1 975.40 1.5480 147.69 117  2/32
Pivot 959.00 1.5380 144.57 116  9/32
Support 1 948.90 1.5305 141.86 115  1/32
Support 2 932.50 1.5209 138.74 114  7/32
Support 3 922.40 1.4680 136.03 112 31/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

 
 
none for 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 1:02 PM

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