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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 09, 2009

Futures Trading levels and Economic reports for April 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market could not crack support of 811 over the last few sessions so the path of less resistance became the upside.....
 
It will be very interesting to see where we will open Monday after the long weekend. Next major resistance at 873.
 
Support at 839, 823, 811
 
Markets are closed tomorrow. Full schedule and times of reopen can be found at:
 
 
Have a happy Easter, happy Passover!
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 868.67 1369.17 8167 501.23
Resistance 2 860.33 1355.58 8098 483.57
Resistance 1 856.17 1345.67 8057 474.13
Pivot 847.83 1332.08 7988 456.47
Support 1 843.67 1322.17 7947 447.03
Support 2 835.33 1308.58 7878 429.37
Support 3 831.17 1298.67 7837 419.93
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 898.13            1.3503 55.79 128 28/32
Resistance 2 892.97            1.3419 54.12 128  5/32
Resistance 1 886.33            1.3289 53.06 127  2/32
Pivot 881.17            1.3205 51.39 126 11/32
Support 1 874.53            1.3075 50.33 125  9/32
Support 2 869.37            1.2991 48.66 124 18/32
Support 3 862.73            1.2861 47.60 123 15/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Monday, April 13, 2009


Economic
10:30am Fed coupon purchase
Events
Note that European markets are closed for Easter Monday. Trades Ex-dividend: ABT $0.40.
Earnings
Before the Open: TLB . After the Close: JBHT, RNOW.
 
 
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 1:04 PM

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