1122.75 Will be Decision Level to Break Upside, September 15th 2010
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
I wrote yesterday:
“Looks like 1122 should be a decision level based on the chart below.”
Well very similar comments today…… looks like 1122.75 should be decision level if we are to break upside, while 1105.75 to 1109.25 is the support to watch. Chart for your review below.
GOOD TRADING!
FUTURES TRADING LEVELS
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Wednesday, September 15th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
- MBA Purchase Applications
7:00 AM ET - Empire State Mfg Survey
8:30 AM ET - Import and Export Prices
8:30 AM ET - Industrial Production
9:15 AM ET - EIA Petroleum Status Report
10:30 AM ET
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!