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

Friday, October 31, 2008

Futures Trading levels and Economic reports for Nov. 3rd

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

Dear Trader,

Wishing you a great trading month in November!

Don't forget to adjust your clocks, as daylight saving time in the US ends Sunday.

LEVELS:

Contract (Dec. 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1026.67	1423.33	9788	586.37
Resistance 2	1005.33	1392.67	9607	563.33
Resistance 1	985.67	1365.33	9453	550.07
Pivot	964.33	1334.67	9272	527.03
Support 1	944.67	1307.33	9118	513.77
Support 2	923.33	1276.67	8937	490.73
Support 3	903.67	1249.33	8783	477.47

Contract	Dec Gold	Dec. Euro	Dec. Crude Oil	Dec. Bonds
Resistance 3	763.83	1.3096	75.41	116 31/32
Resistance 2	753.17	1.2990	72.01	116 4/32
Resistance 1	738.43	1.2865	69.93	114 21/32
Pivot	727.77	1.2759	66.53	113 25/32
Support 1	713.03	1.2634	64.45	112 10/32
Support 2	702.37	1.2528	61.05	111 15/32
Support 3	687.63	1.2403	58.97	110

REPORTS (CST): Provided by MF Global Research

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

11/2		OCT	Domestic Vehicle Sales	- -	9.2M	- -	9.6M
SUN

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.

Thursday, October 30, 2008

Futures Trading levels and Economic reports for Oct 31st