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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, August 29, 2008

Futures Trading levels and Economic reports for Sept. 2nd

 
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Dear Trader,
 
Market finished the month of August with another relatively low volume day aheadof the long Labor Day weekend.
 
techincally the market is at somewhat of a crossroad. I am looking at 1277-1280 as a pivotal level with 1320 being strong resistance and 1260 first major support.
 
Enjoy the long weekend and I hope all of you will have a great trading month during September!
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1309.87 1933.67 11825 754.97
Resistance 2 1303.83 1918.33 11762 750.53
Resistance 1 1293.57 1897.67 11654 744.97
Pivot 1287.53 1882.33 11591 740.53
Support 1 1277.27 1861.67 11483 734.97
Support 2 1271.23 1846.33 11420 730.53
Support 3 1260.97 1825.67 11312 724.97
         
Contract  Dec Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 851.33 1.6258 121.65 119  9/32
Resistance 2 847.77 1.5600 120.21 118 25/32
Resistance 1 841.53 1.5480 117.89 118  1/32
Pivot 837.97 1.5380 116.45 117 17/32
Support 1 831.73 1.5305 114.13 116 24/32
Support 2 828.17 1.5209 112.69 116  8/32
Support 3 821.93 1.5877 110.37 115 16/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

9/2

8:00

JUN

RPX Composite 28dy Index

- -

- -

- -

233.37

TUE

8:00

JUN

RPX Composite 28dy YoY

- -

- -

- -

-15.60%

 

9:00

AUG

ISM Manufacturing

- -

- -

- -

50

 

9:00

JUL

Construction Spending MoM

- -

- -

- -

-0.40%

 

16:00

31-Aug

ABC Consumer Confidence

- -

- -

- -

- -

 

 

AUG

Domestic Vehicle Sales

- -

- -

- -

- -

 

 

 

 

 

 

 

 

 
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 1:16 PM

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