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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, October 06, 2008

Futures Trading levels and Economic reports for Oct. 7th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Big volume day (might be biggest e-mini SP volume day ever) and we made new lows. Sometimes that spells short term bottom but not sure I would place a bet on it as these are NOT NORMAL trading days......
 
Plan your trade and trade your plan!
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1158.87 1565.00 10851 672.80
Resistance 2 1120.43 1507.50 10508 644.60
Resistance 1 1086.87 1457.00 10236 618.50
Pivot 1048.43 1399.50 9893 590.30
Support 1 1014.87 1349.00 9621 564.20
Support 2 976.43 1291.50 9278 536.00
Support 3 942.87 1241.00 9006 509.90
         
Contract  Dec Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 937.73            1.3928 97.24 124 21/32
Resistance 2 908.37            1.3813 94.96 123 16/32
Resistance 1 887.13            1.3678 92.12 122 15/32
Pivot 857.77            1.3563 89.84 121 10/32
Support 1 836.53            1.3428 87.00 120  8/32
Support 2 807.17            1.3313 84.72 119  3/32
Support 3 785.93            1.3178 81.88 118  2/32
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

10/7

13:00

7-Oct

Minutes of Sept. 16 FOMC Meeting

 

 

 

 

TUE

14:00

AUG

Consumer Credit

- -

$6.0B

- -

$4.6B

 

16:00

5-Oct

ABC Consumer Confidence

- -

- -

- -

-41

 

 

 

 

 

 

 

 

 
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 1:29 PM

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