Online Futures Trading Support and Resistance Levels for August 25th 2010

“We Met the Initial Target of 1049”

Yesterday I mentioned the following:

Daily chart of the mini Russell, which I consider the leader, for review below. Looks like we may get a test of previous lows and if and then the big question.. do we bounce or do we start a new leg lower:

Well the big question for this point in time is here.. we met the initial target of 1049 and from a technical point of view we are looking at some wide bands. 1049 being pivot line, 1080 being resistance and 1000.75 being major support.

Today I am sharing daily chart of the mini SP 500 for review:

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EP – E- Mini S&P 500, Equal Active Daily Continuation

Futures & Commodity Trading Levels (Potential Support/Resistance):

Futures & Commodity Trading Levels (Potential Support/Resistance)

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Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures 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!