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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, April 01, 2009

Futures Trading levels and Economic reports for April 2nd

 
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Dear Trader,
 

April started out with a nice rally after a gap open lower. Market has been trading in a range the last few days between 775 to 830 and it is still in consolidation mode after the rally we had from lows of March 6th to highs of March 26th. Markets will usually expand, and then consolidate and then the key question is the direction of the next expansion.....

 

Have a great trading month in April!

 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 850.50 1313.17 8123 452.03
Resistance 2 830.40 1284.08 7927 440.17
Resistance 1 819.70 1267.17 7823 433.43
Pivot 799.60 1238.08 7627 421.57
Support 1 788.90 1221.17 7523 414.83
Support 2 768.80 1192.08 7327 402.97
Support 3 758.10 1175.17 7223 396.23
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 953.47            1.3417 50.87 132  9/32
Resistance 2 944.63            1.3353 49.92 131 15/32
Resistance 1 936.27            1.3295 49.17 131  2/32
Pivot 927.43            1.3231 48.22 130  8/32
Support 1 919.07            1.3173 47.47 129 26/32
Support 2 910.23            1.3109 46.52 129     
Support 3 901.87            1.3051 45.77 128 19/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Thursday, April 02, 2009


Economic
7:45am ECB Rate Decision
8:30am Initial Jobless Claims (last 652K), Continuing Claims (last 5.56M)
10:00am Feb Factory Orders (last -1.9%)
10:30am Natural Gas Inventories
11:00am Treasury's 10-year announcement
Events
G20 Summit in London. ADSK Investor Day. NYX Shareholder Meeting. SUF Investor Call. Trades Ex-dividend: DGX $0.10, KIM $0.44, JPM $0.05, CIM $0.06, AMB $0.28.
Earnings
Before the Open: AYI, BTH, KMX, CREL, LNN, MON, MSM, RAD, SCHN, VIP. After the Close: ANGO, CAE, CHINA, DMAN, GPN, LWSN, MU, RIMM, TK.
 
 
Note all time are EST. 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 1:21 PM

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