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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, April 03, 2009

Futures Trading levels and Economic reports for April 6th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Bad job numbers, market barely sold off, then bounced to close at the highs. Some would call this a short term bullish indicator, which may indeed be the case if we can trade and hold above 844.
 
Have a great weekend.
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 863.50 1346.17 8180 476.33
Resistance 2 852.00 1331.08 8084 466.57
Resistance 1 846.00 1323.17 8032 461.53
Pivot 834.50 1308.08 7936 451.77
Support 1 828.50 1300.17 7884 446.73
Support 2 817.00 1285.08 7788 436.97
Support 3 811.00 1277.17 7736 431.93
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 925.80            1.3667 56.77 131  2/32
Resistance 2 918.80            1.3581 55.33 130  5/32
Resistance 1 906.50            1.3534 53.89 128 20/32
Pivot 899.50            1.3448 52.45 127 23/32
Support 1 887.20            1.3401 51.01 126  6/32
Support 2 880.20            1.3315 49.57 125  9/32
Support 3 867.90            1.3268 48.13 123 24/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Monday, April 06, 2009


Economic
10:00am TAF auction
11:00am Treasury's note announcement
Events
BoJ rate decision. Defense Sec Gates to announce 2010 US DoD budget. ING EMEA Financials Conference. Hart Energy Gas Conference. Merrill Lynch Emerging Gold Producers Conference. Trades Ex-dividend: ORCL $0.05, CMCSA $0.068, CMCSK $0.068, GPS $0.085, KOF $0.508.
Earnings
After the Close: APOG, BLUD.
 
 
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 1:06 PM

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