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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, August 22, 2008

Futures Trading levels and Economic reports for August 25th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Today was my first day at work after two weeks and it seems the market really did not do much other than act erratic and stay within the 1260-1314 range.
 
One more week left in August before more volume returns to the market after Labor day break.
 
Have a good weekend!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1307.67 1968.00 11976 762.80
Resistance 2 1300.83 1955.00 11806 751.10
Resistance 1 1296.67 1942.50 11714 744.80
Pivot 1289.83 1929.50 11544 733.10
Support 1 1285.67 1917.00 11452 726.80
Support 2 1278.83 1904.00 11282 715.10
Support 3 1274.67 1891.50 11190 708.80
         
Contract  Dec Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 856.13 1.6166 127.35 118 24/32
Resistance 2 849.87 1.5600 124.60 118 11/32
Resistance 1 838.63 1.5480 119.67 118     
Pivot 832.37 1.5380 116.92 117 19/32
Support 1 821.13 1.5305 111.99 117  7/32
Support 2 814.87 1.5209 109.24 116 26/32
Support 3 803.63 1.5728 104.31 116 15/32
 
 
REPORTS (EST): Provided by www.tradethenews.com
 

Monday, August 25, 2008


Economic
10:00am July Existing Home Sales (last 4.86M, m/m -2.6%)
Events
Democratic National Convention (through Aug 28), Trades Ex-split: ALXN 2-1. Trades Ex-dividend: VMC $0.49, HLF
Earnings
Before the Open: APWR, IONA. After the Close: WINN, CPY.
 
Note all time are EST. 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 1:22 PM

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