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

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, August 26, 2008

Futures Trading levels and Economic reports for August 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
The shorter term "bands" have narrowed to 1262.50 and 1277. I think that a break below 1262.50 -1259 area can lead to much lower prices, on the other hand a break above 1277 can trigger closing the last gap at 1290. Time will tell if this speculation is right.....
 
 
Good Trading!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1289.50 1930.33 11544 739.87
Resistance 2 1282.50 1917.17 11490 733.43
Resistance 1 1276.80 1903.33 11448 728.37
Pivot 1269.80 1890.17 11394 721.93
Support 1 1264.10 1876.33 11352 716.87
Support 2 1257.10 1863.17 11298 710.43
Support 3 1251.40 1849.33 11256 705.37
         
Contract  Dec Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 863.87 1.6393 124.20 119 16/32
Resistance 2 849.93 1.5600 121.05 119  5/32
Resistance 1 839.87 1.5480 118.67 118 30/32
Pivot 825.93 1.5380 115.52 118 20/32
Support 1 815.87 1.5305 113.14 118 13/32
Support 2 801.93 1.5209 109.99 118  2/32
Support 3 791.87 1.5826 107.61 117 27/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

8/27

6:00

22-Aug

MBA Mortgage Applications

- -

- -

- -

-1.50%

WED

7:30

JUL

Durable Goods Orders

- -

0.10%

-1.3% - +2.2%

0.80%

 

7:30

JUL

Durables Ex Transportation

- -

-0.50%

- -

2.00%

 

7:35

 

Atlanta Fed Pres Lockhart will speak about inflation and inflationary pressures in the US Economy at Georgia State

 

 

 

 

 
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 1:05 PM

0 Comments:

Post a Comment

<< Home