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Cannon Trading Futures Blog: Daily Support and Resistance Levels

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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.
 

posted by Cannon Trading at 1:03 PM 0 comments

Friday, June 27, 2008

Futures Trading levels and Economic reports for June 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Have a nice weekend and get ready for a short trading week coming up as we will observe 4th of July holiday next Friday.
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1308.87 1921.00 11716 713.93
Resistance 2 1299.93 1897.00 11614 707.97
Resistance 1 1290.87 1883.00 11488 702.83
Pivot 1281.93 1859.00 11386 696.87
Support 1 1272.87 1845.00 11260 691.73
Support 2 1263.93 1821.00 11158 685.77
Support 3 1254.87 1807.00 11032 680.63
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 958.33 1.5174 147.35 117 18/32
Resistance 2 945.67 1.5600 145.17 116 26/32
Resistance 1 937.53 1.5480 142.97 116 10/32
Pivot 924.87 1.5380 140.79 115 18/32
Support 1 916.73 1.5305 138.59 115  2/32
Support 2 904.07 1.5209 136.41 114 10/32
Support 3 895.93 1.4958 134.21 113 26/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

/30

8:45

JUN

Chicago Purchasing Manager

- -

48.4

47 - 51

49.1

MON

9:00

JUN

NAPM-Milwaukee

- -

- -

- -

45

 

23:00

JUN

Domestic Vehicle Sales

- -

10.3M

- -

10.5M

 
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 1:05 PM 0 comments

Thursday, June 26, 2008

Futures Trading levels and Economic reports for June 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market sold off almost 3% today following yesterdays FOMC.
 
We may have more room to the downside as 1260 is the next support (low from March 17th this year) and if we penetrate it, we may see some stronger pressure to the downside.
 
On the flip side, chart below shows some Fibonacci time cycles and today was projected for short term low cycle....
 
We should defintely have an interesting trading Friday.
 
trade well!
 
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1328.67 1939.67 12055 728.47
Resistance 2 1319.43 1923.33 11929 721.63
Resistance 1 1301.97 1895.17 11698 709.27
Pivot 1292.73 1878.83 11572 702.43
Support 1 1275.27 1850.67 11341 690.07
Support 2 1266.03 1834.33 11215 683.23
Support 3 1248.57 1806.17 10984 670.87
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 964.43 1.5330 148.84 116 27/32
Resistance 2 942.37 1.5600 144.62 116     
Resistance 1 930.73 1.5480 142.13 115 14/32
Pivot 908.67 1.5380 137.91 114 18/32
Support 1 897.03 1.5305 135.42 114     
Support 2 874.97 1.5209 131.20 113  5/32
Support 3 863.33 1.4916 128.71 112 19/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

6/27

7:30

MAY

Personal Income

 

0.60%

- -

0.20%

FRI

7:30

MAY

PCE Deflator (YoY)

 

- -

- -

3.20%

 

7:30

MAY

Personal Spending

 

0.70%

- -

0.20%

 

7:30

MAY

PCE Core (MoM)

 

0.20%

- -

0.10%

 

7:30

MAY

PCE Core (YoY)

 

- -

- -

2.10%

 

9:00

JUN F

U. of Michigan Confidence

 

- -

- -

56.7

 

 

 

 

 

 

 

 

 
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 2:07 PM 0 comments

Wednesday, June 25, 2008

Futures Trading levels and Economic reports for June 26th

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

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.

Recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending.  However, labor markets have softened further and financial markets remain under considerable stress.  Tight credit conditions, the ongoing housing contraction, and the rise in energy prices are likely to weigh on economic growth over the next few quarters.

The Committee expects inflation to moderate later this year and next year.  However, in light of the continued increases in the prices of energy and some other commodities and the elevated state of some indicators of inflation expectations, uncertainty about the inflation outlook remains high.

The substantial easing of monetary policy to date, combined with ongoing measures to foster market liquidity, should help to promote moderate growth over time.  Although downside risks to growth remain, they appear to have diminished somewhat, and the upside risks to inflation and inflation expectations have increased.  The Committee will continue to monitor economic and financial developments and will act as needed to promote sustainable economic growth and price stability.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; Sandra Pianalto; Charles I. Plosser; Gary H. Stern; and Kevin M. Warsh.  Voting against was Richard W. Fisher, who preferred an increase in the target for the federal funds rate at this meeting.

 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) ) Mini Russell
Resistance 3 1351.57 1999.50 # #
Resistance 2 1344.53 1979.75 # #
Resistance 1 1333.57 1956.00 # #
Pivot 1326.53 1936.25 # #
Support 1 1315.57 1912.50 # #
Support 2 1308.53 1892.75 # #
Support 3 1297.57 1869.00 # #
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 913.17 1.5440 143.10 115 30/32
Resistance 2 903.03 1.5600 140.34 115  5/32
Resistance 1 895.47 1.5480 137.47 114 22/32
Pivot 885.33 1.5380 134.71 113 29/32
Support 1 877.77 1.5305 131.84 113 13/32
Support 2 867.63 1.5209 129.08 112 20/32
Support 3 860.07 1.4984 126.21 112  5/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

6/26

7:30

1Q F

GDP QoQ (Annualized)

 

1.00%

- -

0.90%

THU

7:30

1Q F

Personal Consumption

 

- -

- -

1.00%

 

7:30

1Q F

GDP Price Index

 

2.60%

- -

2.60%

 

7:30

1Q F

Core PCE QoQ

 

- -

- -

2.10%

 

7:30

21-Jun

Initial Jobless Claims

 

- -

- -

- -

 

7:30

14-Jun

Continuing Claims

 

- -

- -

- -

 

9:00

MAY

Help Wanted Index

 

- -

- -

19

 

9:00

MAY

Existing Home Sales

 

5.00M

- -

4.89M

 

9:00

MAY

Existing Home Sales MoM

 

2.30%

- -

-1.00%

 

 

 

 

 

 

 

 
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 1:42 PM 0 comments

Tuesday, June 24, 2008

Futures Trading levels and Economic reports for June 25th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
FOMC rate decision (no change is expected) at 14:15 EST tomorrow. Main focus is the language of the statement and reaction of market participants.
 
I have noticed more than a few times that initial volatility will go both ways before the market actually decides if it likes or dislikes the news......
 
Newcommers should watch from the sidelines and all traders should consider risk/ reward especially during the 14:00 to 15:00 time period (EST)
 
good trading!
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1348.83 1975.33 12078 729.30
Resistance 2 1338.27 1955.67 11990 724.40
Resistance 1 1326.63 1934.33 11896 715.80
Pivot 1316.07 1914.67 11808 710.90
Support 1 1304.43 1893.33 11714 702.30
Support 2 1293.87 1873.67 11626 697.40
Support 3 1282.23 1852.33 11532 688.80
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 908.17 1.5466 141.34 115 25/32
Resistance 2 902.33 1.5600 140.04 115  2/32
Resistance 1 896.07 1.5480 138.49 114 20/32
Pivot 890.23 1.5380 137.19 113 29/32
Support 1 883.97 1.5305 135.64 113 15/32
Support 2 878.13 1.5209 134.34 112 24/32
Support 3 871.87 1.5070 132.79 112 10/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

6/25

6:00

20-Jun

MBA Mortgage Applications

 

- -

- -

- -

WED

7:30

MAY

Durable Goods Orders

 

0.50%

- -

-0.50%

 

7:30

MAY

Durables Ex Transportation

 

- -

- -

2.50%

 

9:00

MAY

New Home Sales

 

510K

- -

526K

 

9:00

MAY

New Home Sales MoM

 

-3.00%

- -

3.30%

 

13:15

25-Jun

FOMC Rate Decision

 

2.00%

- -

2.00%

 
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 1:03 PM 0 comments

Monday, June 23, 2008

Futures Trading levels and Economic reports for June 24th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Don't think we will see any big moves until the FOMC rate decision on Wednesday, but you never know..... Have a good trading week.
 
 
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1332.13 1972.00 12005 741.17
Resistance 2 1328.67 1961.00 11958 736.33
Resistance 1 1323.33 1939.50 11902 726.67
Pivot 1319.87 1928.50 11855 721.83
Support 1 1314.53 1907.00 11799 712.17
Support 2 1311.07 1896.00 11752 707.33
Support 3 1305.73 1874.50 11696 697.67
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 936.30 1.5528 143.04 114 18/32
Resistance 2 923.00 1.5600 140.59 114  7/32
Resistance 1 904.00 1.5480 138.95 113 24/32
Pivot 890.70 1.5380 136.50 113 14/32
Support 1 871.70 1.5305 134.86 112 31/32
Support 2 858.40 1.5209 132.41 112 20/32
Support 3 839.40 1.5021 130.77 112  5/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

24-25 JUN

 

25-Jun

U.S. Federal Reserve Open Market Committee Meeting

 

 

 

 

 

 

 

 

 

 

 

 

6/24

8:00

APR

S&P/CaseShiller Home Price Ind

 

- -

- -

172.2

TUE

8:00

APR

S&P/CS Composite-20 YoY

 

- -

- -

-14.40%

 

9:00

JUN

Consumer Confidence

 

57

- -

57.2

 

9:00

JUN

Richmond Fed Manufact. Index

 

- -

- -

-3

 

9:00

APR

House Price Index MoM

 

- -

- -

-0.40%

 

16:00

22-Jun

ABC Consumer Confidence

 

- -

- -

- -

 

 

 

 

 

 

 

 

 
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 1:22 PM 0 comments

Friday, June 20, 2008

Futures Trading levels and Economic reports for June 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market finished the week with a bearish momentum.
 
Next support level is 1311 and for the bulls to hope for a significant bounce, we need to see the market trades above 1327 and then 1342.
 
Have a great weekend and a good trading week starting Monday!
 
 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1349.00 2018.00 12231 757.00
Resistance 2 1341.40 1997.00 12143 747.70
Resistance 1 1330.70 1970.00 11993 737.00
Pivot 1323.10 1949.00 11905 727.70
Support 1 1312.40 1922.00 11755 717.00
Support 2 1304.80 1901.00 11667 707.70
Support 3 1294.10 1874.00 11517 697.00
         
Contract  August Gold Sept. Euro July Crude Oil Sept. Bonds 
Resistance 3 922.57 1.5497 143.35 114 18/32
Resistance 2 916.33 1.5600 140.42 114  1/32
Resistance 1 910.27 1.5480 137.60 113 19/32
Pivot 904.03 1.5380 134.67 113  2/32
Support 1 897.97 1.5305 131.85 112 20/32
Support 2 891.73 1.5209 128.92 112  3/32
Support 3 885.67 1.5014 126.10 111 21/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

 
NONE on Monday
 
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
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* 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 1:16 PM 0 comments

Thursday, June 19, 2008

Futures Trading levels and Economic reports for June 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
1332 held so far as support.
 
1351 is resistance.
 

No reports tomorrow but we do have quadruple option expiration day, which is usually characterized by erratic volatility.

 

Good Trading!

 
LEVELS:
 
Contract (Sept. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1367.60 2072.67 12254 752.40
Resistance 2 1358.60 2037.33 12185 745.40
Resistance 1 1350.30 2014.67 12116 741.40
Pivot 1341.30 1979.33 12047 734.40
Support 1 1333.00 1956.67 11978 730.40
Support 2 1324.00 1921.33 11909 723.40
Support 3 1315.70 1898.67 11840 719.40
         
Contract  August Gold Sept. Euro July Crude Oil Sept. Bonds 
Resistance 3 932.87 1.5484 142.28 114 11/32
Resistance 2 921.93 1.5600 140.05 113 29/32
Resistance 1 910.67 1.5480 135.94 113  6/32
Pivot 899.73 1.5380 133.71 112 24/32
Support 1 888.47 1.5305 129.60 112  1/32
Support 2 877.53 1.5209 127.37 111 19/32
Support 3 866.27 1.5118 123.26 110 28/32
 
REPORTS (EST): Provided by MF Global Research