Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Several economic reports tomorrow, including CPI should make for a busy Friday.
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1457.50 | 1863.33 | 12679 | 816.33 |
| Resistance 2 | 1448.70 | 1849.17 | 12603 | 811.67 |
| Resistance 1 | 1443.40 | 1837.33 | 12557 | 806.83 |
| Pivot | 1434.60 | 1823.17 | 12481 | 802.17 |
| Support 1 | 1429.30 | 1811.33 | 12435 | 797.33 |
| Support 2 | 1420.50 | 1797.17 | 12359 | 792.67 |
| Support 3 | 1415.20 | 1785.33 | 12313 | 787.83 |
| | | | | |
| Contract | Feb. Gold | March Euro | Jan. Crude Oil | March Bonds |
| Resistance 3 | 637.33 | 1.3391 | 63.61 | 113 10/32 |
| Resistance 2 | 635.37 | 1.3351 | 63.20 | 113 4/32 |
| Resistance 1 | 633.13 | 1.3277 | 62.86 | 112 30/32 |
| Pivot | 631.17 | 1.3237 | 62.45 | 112 24/32 |
| Support 1 | 628.93 | 1.3163 | 62.11 | 112 18/32 |
| Support 2 | 626.97 | 1.3123 | 61.70 | 112 12/32 |
| Support 3 | 624.73 | 1.3049 | 61.36 | 112 6/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Friday, Dec 15th, 2006
Economic
08:30am Dec Empire Manufacturing (last 26.7), Nov Consumer Price Index (last –0.5%), CPI Ex Food & Energy (last 0.1%), CPI NSA (last 201.8)
09:00am Oct Net Long-term TIC Flows (last $65.1B)
09:15am Nov Industrial Production (last 0.2%), Capacity Utilization (last 82.2%)
Events
Fed's Bernanke speaks on Chinese Economy in Beijing at 1:00am. Joint meeting of the Anti-Infective Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee at 8:00am through 12/15. Medical Devices Dispute Resolution Panel of the Medical Devices Advisory Committee meets at 9:00am. Transmissible Spongiform Encephalopathies Advisory Committee meets at 8:00am. Trading Ex-split: GCBI 3-2.
Earnings
Before the Open: None. 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.
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