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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, November 10, 2008

Futures Trading levels and Economic reports for Nov. 11 2008

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Choppy, directionless trading day, which we may see again tomorrow as market awaits some of the reports due in the latter part of the week.
 
897 to 962 is the wide range we are trading at for now and we need to see a break either above or below before the market can move into a new range.
 
Have a great trading week.
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 991.73 1388.75 9472 554.10
Resistance 2 971.87 1355.00 9303 539.10
Resistance 1 945.73 1303.00 9077 517.40
Pivot 925.87 1269.25 8908 502.40
Support 1 899.73 1217.25 8682 480.70
Support 2 879.87 1183.50 8513 465.70
Support 3 853.73 1131.50 8287 444.00
         
Contract  Dec Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 793.77            1.3059 71.95 121     
Resistance 2 781.33            1.2982 68.76 119 12/32
Resistance 1 763.27            1.2845 65.49 118 15/32
Pivot 750.83            1.2768 62.30 116 28/32
Support 1 732.77            1.2631 59.03 115 31/32
Support 2 720.33            1.2554 55.84 114 11/32
Support 3 702.27            1.2417 52.57 113 14/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

11/11

9:00

NOV

IBD/TIPP Economic Optimism

- -

- -

- -

41.1

TUE

 

 

 

 

 

 

 

 
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 1:15 PM

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