Cannon Trading Futures Blog: Daily Support and Resistance Levels Blog: June 2008

Monday, June 30, 2008

Futures Trading levels and Economic reports for July 1st

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

We finished the month and the quarter on a bearish note.

Hope everyone will enjoy successful trading in July!

LEVELS:

Contract (Sept. 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1305.43	1891.67	11567	711.50
Resistance 2	1298.57	1881.33	11496	706.70
Resistance 1	1289.53	1863.67	11415	698.10
Pivot	1282.67	1853.33	11344	693.30
Support 1	1273.63	1835.67	11263	684.70
Support 2	1266.77	1825.33	11192	679.90
Support 3	1257.73	1807.67	11111	671.30

Contract	August Gold	Sept. Euro	August Crude Oil	Sept. Bonds
Resistance 3	954.63	1.5196	147.57	117 1/32
Resistance 2	946.17	1.5600	145.62	116 20/32
Resistance 1	937.13	1.5480	143.07	116 7/32
Pivot	928.67	1.5380	141.12	115 26/32
Support 1	919.63	1.5305	138.57	115 12/32
Support 2	911.17	1.5209	136.62	114 31/32
Support 3	902.13	1.4878	134.07	114 18/32

REPORTS (CST): Provided by MF Global Research

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

7/1		JUN	Total Vehicle Sales	- -	14.2M	- -	14.3M
TUE	9:00	JUN	ISM Manufacturing	- -	49	48 - 50	49.6
	9:00	MAY	Construction Spending MoM	- -	-0.60%	-1.4% - -.2%	-0.40%
	9:00	JUN	ISM Prices Paid	- -	86.5	- -	87
	16:00	29-Jun	ABC Consumer Confidence	- -	- -	- -	-43

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.

Friday, June 27, 2008

Futures Trading levels and Economic reports for June 30th