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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, November 19, 2008

Futures Trading levels and Economic reports for Nov. 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market failed once more in making any significant rally attempts.
 
Break below 800 can trigger 765 but it seems like we are getting a bit oversold.
 
Good trading!
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 907.17 1232.00 8835 484.23
Resistance 2 885.83 1202.00 8660 469.27
Resistance 1 847.17 1142.75 8325 439.93
Pivot 825.83 1112.75 8150 424.97
Support 1 787.17 1053.50 7815 395.63
Support 2 765.83 1023.50 7640 380.67
Support 3 727.17 964.25 7305 351.33
         
Contract  Dec Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 788.93            1.2999 57.29 125 31/32
Resistance 2 776.87            1.2899 56.52 124 12/32
Resistance 1 755.53            1.2703 54.99 123 15/32
Pivot 743.47            1.2603 54.22 121 28/32
Support 1 722.13            1.2407 52.69 121     
Support 2 710.07            1.2307 51.92 119 13/32
Support 3 688.73            1.2111 50.39 118 16/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

11/20

7:30

11/15/2008

Initial Jobless Claims

- -

- -

- -

- -

THU

7:30

11/8/2008

Continuing Claims

- -

- -

- -

- -

 

9:00

NOV

Philadelphia Fed.

- -

-33.6

- -

-37.5

 

9:00

OCT

Leading Indicators

- -

-0.60%

- -

0.30%

 

 

 

 

 

 

 

 

 
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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