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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, December 13, 2006

Trading levels and reports for Dec. 14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1436.87 1836.17 12518 808.12
Resistance 2 1433.53 1825.83 12489 804.43
Resistance 1 1429.87 1815.67 12453 800.37
Pivot 1426.53 1805.33 12424 796.68
Support 1 1422.87 1795.17 12388 792.62
Support 2 1419.53 1784.83 12359 788.93
Support 3 1415.87 1774.67 12323 784.87
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 642.77 1.3426 62.93 115  5/32
Resistance 2 638.73 1.3387 62.39 114 21/32
Resistance 1 635.57 1.3328 61.88 113 26/32
Pivot 631.53 1.3289 61.34 113 10/32
Support 1 628.37 1.3230 60.83 112 15/32
Support 2 624.33 1.3191 60.29 111 31/32
Support 3 621.17 1.3132 59.78 111  4/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Dec 14th, 2006


Economic
08:30am Initial Jobless Claims (last 324K), Nov Import Price Index (last –2.0%)
10:30am Natural Gas Inventories
Events
OPEC meeting in Abuja, Nigeria. Treasury Secretary Paulson and Fed Chairman Bernanke, among others, head to China. Blood Products Advisory Committee meets at 8:00am. Joint meeting of the Anti-Infective Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee at 8:00am through 12/15. AMAT, AMD, AGLN, TMO, ZGEN analyst meetings. Credit Suisse Small/Mid Cap conference in Boston through 12/14.
Earnings
Before the Open: ASFI BECN BSC CIEN COST MGAM PIR STST WGO. After the Close: ADBE ZQK TEK VSTA.
 
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 1:00 PM

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