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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, August 01, 2008

Futures Trading levels and Economic reports for Aug. 4th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Have a great weekend!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1288.03 1900.17 11615 737.10
Resistance 2 1279.77 1877.33 11526 728.20
Resistance 1 1270.03 1853.67 11420 722.30
Pivot 1261.77 1830.83 11331 713.40
Support 1 1252.03 1807.17 11225 707.50
Support 2 1243.77 1784.33 11136 698.60
Support 3 1234.03 1760.67 11030 692.70
         
Contract  Dec Gold Sept. Euro Sept. Crude Oil Sept. Bonds 
Resistance 3 941.67 1.5369 134.99 117 11/32
Resistance 2 933.83 1.5600 131.80 116 24/32
Resistance 1 925.97 1.5480 128.49 116 12/32
Pivot 918.13 1.5380 125.30 115 25/32
Support 1 910.27 1.5305 121.99 115 13/32
Support 2 902.43 1.5209 118.80 114 26/32
Support 3 894.57 1.5108 115.49 114 14/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

8/4

6:30

JUL

Challenger Job Cuts YoY

- -

- -

- -

46.70%

MON

7:30

JUN

Personal Income

- -

-0.20%

'-.5% - +.6%

1.90%

 

7:30

JUN

PCE Deflator (YoY)

- -

- -

- -

3.10%

 

7:30

JUN

Personal Spending

- -

0.50%

- -

0.80%

 

7:30

JUN

PCE Core (MoM)

- -

0.20%

- -

0.10%

 

7:30

JUN

PCE Core (YoY)

- -

2.20%

- -

2.10%

 

9:00

JUN

Factory Orders

- -

0.70%

- -

0.60%

 
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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