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

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, July 28, 2008

Futures Trading levels and Economic reports for July 29th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Looks like the bears are gaining momentum again. Next major support level before we test new lows is 1225 followed by 1214.
 
Have a good trading week!
 
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1278.70 1898.67 11523 723.83
Resistance 2 1269.10 1876.33 11435 717.07
Resistance 1 1252.30 1845.67 11282 707.03
Pivot 1242.70 1823.33 11194 700.27
Support 1 1225.90 1792.67 11041 690.23
Support 2 1216.30 1770.33 10953 683.47
Support 3 1199.50 1739.67 10800 673.43
         
Contract  August Gold Sept. Euro Sept. Crude Oil Sept. Bonds 
Resistance 3 944.97 1.5201 128.32 117 11/32
Resistance 2 938.93 1.5600 126.77 116 11/32
Resistance 1 934.47 1.5480 125.73 115 23/32
Pivot 928.43 1.5380 124.18 114 23/32
Support 1 923.97 1.5305 123.14 114  3/32
Support 2 917.93 1.5209 121.59 113  3/32
Support 3 913.47 1.4946 120.55 112 15/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

7/29

8:00

MAY

S&P/CaseShiller Home Price Ind

- -

- -

- -

169.9

TUE

8:00

MAY

S&P/CS Composite-20 YoY

- -

- -

- -

-15.30%

 

9:00

JUL

Consumer Confidence

- -

- -

- -

50.4

 

16:00

27-Jul

ABC Consumer Confidence

- -

- -

- -

- -

 

 

 

 

 

 

 

 

 
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 1:15 PM

0 Comments:

Post a Comment

<< Home