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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, September 03, 2008

Futures Trading levels and Economic reports for Sept. 4th

 
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Dear Trader,
 
Choppy action today after the strong sell off yesterday. looks like the market may want to bounce a bit from here. Will wait for fridays un employment numbers.
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1297.47 1890.33 11738 763.40
Resistance 2 1289.23 1873.67 11650 755.80
Resistance 1 1281.97 1854.33 11595 748.80
Pivot 1273.73 1837.67 11507 741.20
Support 1 1266.47 1818.33 11452 734.20
Support 2 1258.23 1801.67 11364 726.60
Support 3 1250.97 1782.33 11309 719.60
         
Contract  Dec Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 834.63 1.6536 113.81 119 19/32
Resistance 2 824.07 1.5600 112.05 119  5/32
Resistance 1 814.83 1.5480 110.73 118 27/32
Pivot 804.27 1.5380 108.97 118 12/32
Support 1 795.03 1.5305 107.65 118  2/32
Support 2 784.47 1.5209 105.89 117 20/32
Support 3 775.23 1.6086 104.57 117 10/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

9/4

7:15

AUG

ADP Employment Change

- -

- -

- -

9K

THU

7:30

2Q F

Nonfarm Productivity

- -

- -

- -

2.20%

 

7:30

2Q F

Unit Labor Costs

- -

- -

- -

1.30%

 

7:30

30-Aug

Initial Jobless Claims

- -

- -

- -

- -

 

7:30

23-Aug

Continuing Claims

- -

- -

- -

- -

 

9:00

AUG

ISM Non-Manf. Composite

- -

- -

- -

49.5

 

 

AUG

ICSC Chain Store Sales YoY

- -

- -

- -

2.60%

 

 

 

 

 

 

 

 

 
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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