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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, September 24, 2008

Futures Trading levels and Economic reports for Sept. 25th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Choppy, wierd trading day after a few days of strong, volatile trending moves.
 
I am going to guess we will see a break out of either below 1180 or above 1200 tomorrow which may signal the next short term direction.
 
Good Trading!
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1221.63 1718.33 11297 727.57
Resistance 2 1210.07 1700.67 11169 720.63
Resistance 1 1203.13 1685.33 11007 709.27
Pivot 1191.57 1667.67 10879 702.33
Support 1 1184.63 1652.33 10717 690.97
Support 2 1173.07 1634.67 10589 684.03
Support 3 1166.13 1619.33 10427 672.67
         
Contract  Dec Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 930.47            1.4836 112.87 119  5/32
Resistance 2 919.13            1.4788 111.19 118 20/32
Resistance 1 903.07            1.4706 108.17 117 28/32
Pivot 891.73            1.4658 106.49 117 10/32
Support 1 875.67            1.4576 103.47 116 18/32
Support 2 864.33            1.4528 101.79 116  1/32
Support 3 848.27            1.4446 98.77 115  9/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

9/18

7:30

13-Sep

Initial Jobless Claims

- -

440K

- -

445K

THU

7:30

6-Sep

Continuing Claims

- -

- -

- -

3525K

 

9:00

SEP

Philadelphia Fed.

- -

-10

-15 - -5

-12.7

 

9:00

AUG

Leading Indicators

- -

-0.20%

-.5% - +.3%

-0.70%

 
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 1:06 PM

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