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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, July 14, 2008

Futures Trading levels and Economic reports for July 15th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
A day full of economic reports tomorrow.
 
Market is controlled by the bears but as in bear markets, short covering rallies can be vicious so trade wisely!
 
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1278.10 1876.17
Resistance 2 1266.90 1858.83
Resistance 1 1247.60 1830.67
Pivot 1236.40 1813.33
Support 1 1217.10 1785.17
Support 2 1205.90 1767.83
Support 3 1186.60 1739.67
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 1004.07 1.5120 150.74 120  3/32
Resistance 2 990.23 1.5600 148.55 118 21/32
Resistance 1 981.87 1.5480 146.86 117 28/32
Pivot 968.03 1.5380 144.67 116 14/32
Support 1 959.67 1.5305 142.98 115 21/32
Support 2 945.83 1.5209 140.79 114  7/32
Support 3 937.47 1.4670 139.10 113 14/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

7/15

7:30

JUN

Producer Price Index (MoM)

- -

1.30%

+.5% - +2.4%

1.40%

TUE

7:30

JUN

PPI Ex Food & Energy (MoM)

- -

0.30%

+.1% - +.4%

0.20%

 

7:30

JUN

Producer Price Index (YoY)

- -

8.70%

- -

7.20%

 

7:30

JUN

PPI Ex Food & Energy (YoY)

- -

3.20%

- -

3.00%

 

7:30

JUN

Advance Retail Sales

- -

0.40%

-.4% - +1.1%

1.00%

 

7:30

JUN

Retail Sales Less Autos

- -

0.90%

+.2% - +1.6%

1.20%

 

7:30

JUL

Empire Manufacturing

- -

-7

- -

-8.7

 

9:00

JUL

IBD/TIPP Economic Optimism

- -

36

- -

37.4

 

9:00

15-Jul

Bernanke Report on Economy & Fed Policy

 

 

 

 

 

9:00

MAY

Business Inventories

- -

0.50%

+.3% - +.6%

0.50%

 

9:00

 

Fed Chairman Bernanke will give his semi-annual testimony before the Senate banking committee

 

 

 

 

 

16:00

13-Jul

ABC Consumer Confidence

- -

- -

- -

-41

 
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.
 

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