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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 02, 2009

Futures Trading levels and Economic reports for April 3rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Un Employment figures tomorrow morning will dictate if the market will break todays high in an attempt to advance towards 873 or pull back towards last night lows around 807.
 
be ready for volatile trading session.
 
LEVELS:
 
Contract (June 2009)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 863.07 1363.33 8213 488.80
Resistance 2 852.53 1337.67 8117 471.50
Resistance 1 844.27 1319.33 8038 461.30
Pivot 833.73 1293.67 7942 444.00
Support 1 825.47 1275.33 7863 433.80
Support 2 814.93 1249.67 7767 416.50
Support 3 806.67 1231.33 7688 406.30
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 961.33 1.3860 58.4967 132 20/32
Resistance 2 946.57 1.3689 55.6833 131 25/32
Resistance 1 925.63 1.3574 54.0767 130 15/32
Pivot 910.87 1.3403 51.2633 129 20/32
Support 1 889.93 1.3288 49.6567 128 10/32
Support 2 875.17 1.3117 46.8433 127 15/32
Support 3 854.23 1.3002 45.2367 126  5/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Friday, April 03, 2009


Economic
8:30am March Nonfarm Payrolls (last -651K), Unemployment (last 8.1%), Manufacturing Payrolls (last -168K), Average Hourly Earnings (last m/m 0.2%, y/y 3.6%)
10:00am March ISM Non-Manufacturing (last 41.6)
Events
12:00pm Fed Chairman Bernanke speaks at credit conference in Charlotte, NC. Trades Ex-dividend: BNS $0.379.
Earnings
Before the Open: AZZ.
 
 
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 1:17 PM

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