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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, December 19, 2008

Futures Trading levels and Economic reports for Dec. 22nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Zig -Zag trading day, sometimes typical for options expiration.
 
Next two weeks will have lower volume than normal due to the holidays, which can cause erratic moves in the market.
 
Enjoy your weekend.
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 921.80 1259.50 8958 511.03
Resistance 2 912.40 1248.75 8858 503.47
Resistance 1 895.80 1229.50 8691 493.03
Pivot 886.40 1218.75 8591 485.47
Support 1 869.80 1199.50 8424 475.03
Support 2 860.40 1188.75 8324 467.47
Support 3 843.80 1169.50 8157 457.03
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 877.70            1.4671 46.04 143  8/32
Resistance 2 866.30            1.4478 44.65 142 16/32
Resistance 1 852.90            1.4177 43.69 141 22/32
Pivot 841.50            1.3984 42.30 140 30/32
Support 1 828.10            1.3683 41.34 140  3/32
Support 2 816.70            1.3490 39.95 139 11/32
Support 3 803.30            1.3189 38.99 138 17/32
 
REPORTS central time
 

U.S. Economic Calendar

 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

12/22

 

 

Treasury will auction 2-yr notes

 

 

 

 

MON

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 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 1:13 PM

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