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

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, August 06, 2008

Futures Trading levels and Economic reports for Aug 7th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
I will be out of the office from Thursday August 7th , returning to work Friday August 22nd .If you have an order to place, please call and have your account number handy.
If you have administrative requests, please call and ask for Joseph or email him at joe@cannontrading.com
 
The office numbers are 800-454-9572 or 310-859-9572
 
Thanks again and good trading.

Ilan Levy-Mayer
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1310.50 1972.00 11862 746.13
Resistance 2 1301.00 1940.00 11767 737.27
Resistance 1 1294.50 1919.00 11697 731.13
Pivot 1285.00 1887.00 11602 722.27
Support 1 1278.50 1866.00 11532 716.13
Support 2 1269.00 1834.00 11437 707.27
Support 3 1262.50 1813.00 11367 701.13
         
Contract  Dec Gold Sept. Euro Sept. Crude Oil Sept. Bonds 
Resistance 3 908.13 1.5514 123.65 116 20/32
Resistance 2 901.37 1.5600 122.07 116  2/32
Resistance 1 894.03 1.5480 120.27 115 13/32
Pivot 887.27 1.5380 118.69 114 27/32
Support 1 879.93 1.5305 116.89 114  6/32
Support 2 873.17 1.5209 115.31 113 20/32
Support 3 865.83 1.5154 113.51 112 31/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

8/7

7:30

2-Aug

Initial Jobless Claims

- -

- -

- -

- -

THU

7:30

26-Jul

Continuing Claims

- -

- -

- -

- -

 

9:00

JUN

Pending Home Sales MoM

- -

-1.00%

- -

-4.70%

 

 

JUL

ICSC Chain Store Sales YoY

- -

- -

- -

4.30%

 

14:00

JUN

Consumer Credit

- -

$6.4B

- -

$7.8B

 

 

 

 

 

 

 

 

 
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 1:04 PM

0 Comments:

Post a Comment

<< Home