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

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, September 19, 2008

Futures Trading levels and Economic reports for Sept. 22nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
A wild, volatile week in so many markets! Not much to say and in this case a picture is worth a 1000 words.....below is an hourly chart of the SP500 (pit session only)  going back a little more than a week. We had 150 points range on the SP in 2 days!!!
 
Enjoy the weekend, clear your head from this trading week and be ready for the next one.
 
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1313.33 1835.33 12307 801.17
Resistance 2 1296.67 1811.67 11959 776.83
Resistance 1 1271.33 1772.33 11657 764.67
Pivot 1254.67 1748.67 11309 740.33
Support 1 1229.33 1709.33 11007 728.17
Support 2 1212.67 1685.67 10659 703.83
Support 3 1187.33 1646.33 10357 691.67
         
Contract  Dec Gold Dec. Euro Oct. Crude Oil Dec. Bonds 
Resistance 3 948.67            1.4910 111.04 122 27/32
Resistance 2 915.03            1.4687 107.15 121 26/32
Resistance 1 895.77            1.4573 104.81 119 27/32
Pivot 862.13            1.4350 100.92 118 26/32
Support 1 842.87            1.4236 98.58 116 27/32
Support 2 809.23            1.4013 94.69 115 26/32
Support 3 789.97            1.3899 92.35 113 27/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

 
 
NO MAJOR REPORTS
 
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 1:27 PM

0 Comments:

Post a Comment

<< Home