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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, September 05, 2008

Futures Trading levels and Economic reports for Sept. 8th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Good reversal action today after making recent lows. 1247 is a significant level for Monday.
 
Wishing you a relaxing weekend and good trading week to follow!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1280.07 1819.00 11507 745.83
Resistance 2 1262.53 1798.50 11377 733.97
Resistance 1 1251.77 1782.00 11300 725.93
Pivot 1234.23 1761.50 11170 714.07
Support 1 1223.47 1745.00 11093 706.03
Support 2 1205.93 1724.50 10963 694.17
Support 3 1195.17 1708.00 10886 686.13
         
Contract  Dec Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 851.20 1.6724 110.92 121  4/32
Resistance 2 837.70 1.5600 109.51 120 22/32
Resistance 1 821.80 1.5480 107.95 119 29/32
Pivot 808.30 1.5380 106.54 119 15/32
Support 1 792.40 1.5305 104.98 118 22/32
Support 2 778.90 1.5209 103.57 118  8/32
Support 3 763.00 1.6265 102.01 117 15/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

9/8

14:00

JUL

Consumer Credit

- -

- -

- -

$14.3B

MON

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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.
 

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