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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, August 04, 2008

Futures Trading levels and Economic reports for August 5th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
One day FOMC tomorrow and we are trading right in the middle of the recent range ( 1200 to 1290 is the wise range and we closed today right around 1250)
 
Make it a good trading month in August!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1270.67 1851.67 11526 735.27
Resistance 2 1265.23 1840.33 11444 727.03
Resistance 1 1257.37 1826.67 11361 715.87
Pivot 1251.93 1815.33 11279 707.63
Support 1 1244.07 1801.67 11196 696.47
Support 2 1238.63 1790.33 11114 688.23
Support 3 1230.77 1776.67 11031 677.07
         
Contract  Dec Gold Sept. Euro Sept. Crude Oil Sept. Bonds 
Resistance 3 939.30 1.5320 132.03 116 29/32
Resistance 2 931.70 1.5600 129.19 116 18/32
Resistance 1 917.30 1.5480 125.18 116  6/32
Pivot 909.70 1.5380 122.34 115 27/32
Support 1 895.30 1.5305 118.33 115 14/32
Support 2 887.70 1.5209 115.49 115  3/32
Support 3 873.30 1.5083 111.48 114 23/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

8/5

9:00

JUL

ISM Non-Manf. Composite

- -

48

47.5 - 50.5

48.2

TUE

13:15

5-Aug

U.S. Federal Reserve Open Market Committee Meeting

 

 

 

 

 

13:15

5-Aug

FOMC Rate Decision

- -

2.00%

- -

2.00%

 

 

 

 

 

 

 

 

 
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 1:13 PM

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