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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, December 18, 2006

Trading levels and reports for Dec. 18th


 
 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Happy holidays and good trading.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1448.70 1857.83 12646 810.50
Resistance 2 1446.40 1851.17 12611 808.00
Resistance 1 1442.30 1840.33 12573 804.00
Pivot 1440.00 1833.67 12538 801.50
Support 1 1435.90 1822.83 12500 797.50
Support 2 1433.60 1816.17 12465 795.00
Support 3 1429.50 1805.33 12427 791.00
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 643.53 1.3344 65.05 114 23/32
Resistance 2 638.37 1.3294 64.28 114  7/32
Resistance 1 628.73 1.3215 63.85 113 15/32
Pivot 623.57 1.3165 63.08 112 31/32
Support 1 613.93 1.3086 62.65 112  7/32
Support 2 608.77 1.3036 61.88 111 23/32
Support 3 599.13 1.2957 61.45 110 31/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Dec 18th, 2006


Economic
08:30am Q3 Current Account Balance (last -$218.4B)
01:00pm Dec NAHB Housing Market Index (last 33)
Events
Bank of Japan Rate decision. WWW analyst meeting. Trading Ex-split: AFG 3-2, SBIB 3-2, SPAR 3-2, XTXI 3-1.
Earnings
Before the Open: JOYG SCS. After the Close: APSG FCEL HOV ORCL.
 
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 6:58 AM

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