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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, November 12, 2008

Futures Trading levels and Economic reports for Nov 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
The big question ahead: Will the market find support at previous lows and attempt a "double bottom" ( 834 level basis SP500) rally or will we go and make new lows.....?
 
Be ready to what ever the market throws your way and good trading!
 
LEVELS:
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 912.50 1301.58 8777 515.93
Resistance 2 899.00 1273.17 8668 502.47
Resistance 1 875.50 1220.33 8467 476.93
Pivot 862.00 1191.92 8358 463.47
Support 1 838.50 1139.08 8157 437.93
Support 2 825.00 1110.67 8048 424.47
Support 3 801.50 1057.83 7847 398.93
         
Contract  Dec Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 759.80            1.2727 62.19 119 31/32
Resistance 2 749.10            1.2668 60.84 119 11/32
Resistance 1 729.70            1.2563 58.31 118 27/32
Pivot 719.00            1.2504 56.96 118  6/32
Support 1 699.60            1.2399 54.43 117 22/32
Support 2 688.90            1.2340 53.08 117  2/32
Support 3 669.50            1.2235 50.55 116 18/32
 
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

11/13

7:30

SEP

Trade Balance

- -

-$57.0B

-$58.5B -  -$52.8B

-$59.1B

THU

7:30

 

Initial Jobless Claims

- -

480K

- -

481K

 

7:30

 

Continuing Claims

- -

3825K

- -

3843K

 

12:00

 

Philly Fed Pres Plosser will speak to the Economic Club of Pittsburg

 

 

 

 

 

13:00

OCT

Monthly Budget Statement

- -

-$134.0B

- -

-$56.8B

 
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 1:09 PM

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