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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, September 23, 2008

Futures Trading levels and Economic reports for Sept. 24th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
A break below 1180 can trigger a visit of lows made last week. Either way, expect heightened volatility.
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1248.03 1724.33 11407 742.60
Resistance 2 1235.27 1712.67 11276 734.70
Resistance 1 1211.53 1691.33 11093 719.40
Pivot 1198.77 1679.67 10962 711.50
Support 1 1175.03 1658.33 10779 696.20
Support 2 1162.27 1646.67 10648 688.30
Support 3 1138.53 1625.33 10465 673.00
         
Contract  Dec Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 945.33            1.4981 115.20 119  1/32
Resistance 2 930.27            1.4894 112.39 118 14/32
Resistance 1 915.13            1.4784 109.67 117 28/32
Pivot 900.07            1.4697 106.86 117  9/32
Support 1 884.93            1.4587 104.14 116 23/32
Support 2 869.87            1.4500 101.33 116  4/32
Support 3 854.73            1.4390 98.61 115 18/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

9/24

6:00

19-Sep

MBA Mortgage Applications

- -

- -

- -

- -

WED

9:00

AUG

Existing Home Sales

- -

- -

- -

5.00M

 

9:00

AUG

Existing Home Sales MoM

- -

- -

- -

3.10%

 

 

 

 

 

 

 

 

 
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 1:22 PM

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