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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, September 18, 2008

Futures Trading levels and Economic reports for Sept. 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
What a wild trading day. One of the most volatile trading days I have witnessed as a broker and I have seen some wild ones during the last 10 years.
 
I hate sounding like a broken record but it is important to understand that during times like that you rather be over selective in your trade selection and "miss a few good ones" than pull the trigger too quickly and get burnt even quicker.
 
Trade well!!
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1318.00 1845.00 11854 786.03
Resistance 2 1268.00 1779.00 11471 754.17
Resistance 1 1236.00 1744.00 11233 736.93
Pivot 1186.00 1678.00 10850 705.07
Support 1 1154.00 1643.00 10612 687.83
Support 2 1104.00 1577.00 10229 655.97
Support 3 1072.00 1542.00 9991 638.73
         
Contract  Dec Gold Dec. Euro Oct. Crude Oil Dec. Bonds 
Resistance 3 999.80            1.4764 108.51 123 28/32
Resistance 2 962.90            1.4653 105.37 123  6/32
Resistance 1 909.80            1.4497 102.00 121 30/32
Pivot 872.90            1.4386 98.86 121  8/32
Support 1 819.80            1.4230 95.49 119 31/32
Support 2 782.90            1.4119 92.35 119  9/32
Support 3 729.80            1.3963 88.98 118  1/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

9/19

 

 

 

 

 

 

 

FRI

 

 

Chicago Fed Pres Evans speaks on the economic outlook to the Swiss Natl Bank's Research Conference

 

 

 

 

 

 

 

 

 

 

 

 

 
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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