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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, October 19, 2006

Trading levels and reports for Oct. 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Dow cash closed above 12,000 for the first time. Option expiration tomorrow.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1382.60 1750.33 12154.00 783.23
Resistance 2 1378.90 1738.17 12117.00 778.37
Resistance 1 1376.40 1728.83 12086.00 775.43
Pivot 1372.70 1716.67 12049.00 770.57
Support 1 1370.20 1707.33 12018.00 767.63
Support 2 1366.50 1695.17 11981.00 762.77
Support 3 1364.00 1685.83 11950.00 759.83
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 622.7333 1.2819 107 15/32 111  9/32
Resistance 2 613.3667 1.2750 107 10/32 111  1/32
Resistance 1 607.9333 1.2709 107  6/32 110 26/32
Pivot 598.5667 1.2640 107  1/32 110 18/32
Support 1 593.1333 1.2599 106 28/32 110 11/32
Support 2 583.7667 1.2530 106 23/32 110  3/32
Support 3 578.3333 1.2489 106 19/32 109 28/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Oct 20th, 2006


Economic
None
Events
OPEC tentatively scheduled to meet Friday or Saturday to finalize 1Mbpd production cut. Antiviral Drugs Advisory Committee meets at 8:00am through 10/20. DB Fall Energy Symposium in Newport through 10/20. Trades Ex-dividend: CL $0.32.
Earnings
Before the Open: MMM ACMR ACI CAT ECL IUSA MRK SGP SLB VFC VMSI WL. After the Close: None.
 
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210

The finest compliment I can receive is a referral from a trusted client.
 
* Important Please Note: 
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. 
 

posted by Cannon Trading at 1:24 PM

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