Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1425.67 | 1829.42 | 12437 | 809.08 |
| Resistance 2 | 1421.43 | 1821.83 | 12395 | 805.92 |
| Resistance 1 | 1418.97 | 1814.67 | 12372 | 802.33 |
| Pivot | 1414.73 | 1807.08 | 12330 | 799.17 |
| Support 1 | 1412.27 | 1799.92 | 12307 | 795.58 |
| Support 2 | 1408.03 | 1792.33 | 12265 | 792.42 |
| Support 3 | 1405.57 | 1785.17 | 12242 | 788.83 |
| | | | | |
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March Bonds |
| Resistance 3 | 663.60 | 1.3450 | 64.89 | 115 20/32 |
| Resistance 2 | 658.90 | 1.3412 | 64.04 | 115 9/32 |
| Resistance 1 | 653.40 | 1.3373 | 63.24 | 114 28/32 |
| Pivot | 648.70 | 1.3335 | 62.39 | 114 17/32 |
| Support 1 | 643.20 | 1.3296 | 61.59 | 114 4/32 |
| Support 2 | 638.50 | 1.3258 | 60.74 | 113 25/32 |
| Support 3 | 633.00 | 1.3219 | 59.94 | 113 12/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Dec 6th, 2006
Economic
08:15am Nov ADP Employment Change (last 128K)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –3.9%). Iraq Study Group expected to formally release recommendations. Clinical Chemistry and Clinical Toxicology Devices Panel of the Medical Devices Advisory Committee meets at at 8:00am. Pediatric Oncology Subcommittee of the Oncologic Drugs Advisory Committee meets at 8:30am. MDU, MEDI analyst meeting. Credit Suisse Media/Telecom conference in NYC through 12/7. UBS Global Media conference in NYC through 12/7. Credit Suisse Aerospace & Defense conference in NYC through 12/6. Lehman Brothers Global Technology conference in SF through 12/7. Wachovia Real Estate/Gaming/Lodging conference in NYC through 12/6. Goldman Sachs Steel conference through 12/7. Trades Ex-dividend: MRK $0.38, WMB $0.09.
Earnings
Before the Open: KFY TWTR. During Trading Hours: NX. After the Close: CWST DDMX GEF LQDT NCS SEAC UTI VTS.
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.
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