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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, April 07, 2009

Futures Trading levels and Economic reports for April 8th

 
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Dear Trader,
 
Seems like a slow grind lower. We went and tested support yesterday at 818 and bounced. Today we tested support at 811, bounced and then closed on the lows.
 
Next meaningful support at: 800-803. Resistance at 823-826.
 
Good trading!
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 830.47 1322.83 7925 462.73
Resistance 2 826.33 1309.42 7873 455.77
Resistance 1 819.27 1293.83 7815 443.53
Pivot 815.13 1280.42 7763 436.57
Support 1 808.07 1264.83 7705 424.33
Support 2 803.93 1251.42 7653 417.37
Support 3 796.87 1235.83 7595 405.13
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 907.37            1.3560 53.89 128 13/32
Resistance 2 897.13            1.3483 52.85 127 27/32
Resistance 1 890.57            1.3376 50.96 127 13/32
Pivot 880.33            1.3299 49.92 126 26/32
Support 1 873.77            1.3192 48.03 126 12/32
Support 2 863.53            1.3115 46.99 125 26/32
Support 3 856.97            1.3008 45.10 125 12/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 
 

Wednesday, April 08, 2009


Economic
10:00am Feb Wholesale Inventories (last -0.9%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories
1:00pm Treasury's 3-year note aution
2:00pm FOMC minutes
Events
SEC to vote on restoring the uptick rule. Goldman Sachs Leveraged Finance Healthcare Conference. MBA Mortgage Applications (7:00, last 3.0%). Same-store sales after the close. Trades Ex-dividend: MA $0.15, PGN $0.62, CBKN $0.08.
Earnings
Before the Open: STZ, FDO, GBX, RPM, SGR. During Trading Hours: JOSB. After the Close: CHP, PBY, SMSC, WDFC.
 
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 1:13 PM

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