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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, November 20, 2006

Trading levels and reports for Nov. 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Short trading week due to Thanksgiving holiday. Make it a good trading week and then take the time to enjoy the holiday with your loved ones!
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1413.53 1826.67 12449 798.13
Resistance 2 1409.17 1817.33 12409 794.57
Resistance 1 1406.93 1812.67 12389 792.63
Pivot 1402.57 1803.33 12349 789.07
Support 1 1400.33 1798.67 12329 787.13
Support 2 1395.97 1789.33 12289 783.57
Support 3 1393.73 1784.67 12269 781.63
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Crude Oil Dec. US Bonds 
Resistance 3 633.83 1.2963 60.11 114  3/32
Resistance 2 628.37 1.2915 59.56 113 19/32
Resistance 1 625.43 1.2879 59.26 113  7/32
Pivot 619.97 1.2831 58.71 112 23/32
Support 1 617.03 1.2795 58.41 112 11/32
Support 2 611.57 1.2747 57.86 111 27/32
Support 3 608.63 1.2711 57.56 111 15/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Nov 20th, 2006


Economic
10:00am Oct Leading Indicators (last 0.1%)
Events
Treasury Secretary Paulson discusses Capital Markets Competitiveness in NYC at 12:00pm. Fed's Fisher speaks on German Ecnomy in Berlin at 2:00pm. Cellular, Tissue and Gene Therapies Advisory Committee meets at 2:15pm. Trading Ex-split: ROCM 2-1.
Earnings
Before the Open: CPB LOW PACT STP VAL. After the Close: DY FMCN GHCI JAS MDT JWN PVH.
 
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 7:05 AM

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