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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, December 22, 2006

Trading levels and reports for Dec. 22nd



 
 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Happy Holidays!
 
Short trading tomorrow on all markets EXCEPT for e-minis (dow, nasdaq, sp, russell). However, I expect volume to be VERY thin after 11 AM Eastern time.
 
 
 
 
Enjoy the long weekend and holiday time with your loved ones.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1447.40 1822.67 12644 805.25
Resistance 2 1442.70 1812.33 12604 801.00
Resistance 1 1436.20 1798.92 12555 795.00
Pivot 1431.50 1788.58 12515 790.75
Support 1 1425.00 1775.17 12466 784.75
Support 2 1420.30 1764.83 12426 780.50
Support 3 1413.80 1751.42 12377 774.50
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 628.60 1.3335 64.29 114     
Resistance 2 626.80 1.3300 63.82 113 19/32
Resistance 1 624.20 1.3261 63.24 113 10/32
Pivot 622.40 1.3226 62.77 112 29/32
Support 1 619.80 1.3187 62.19 112 20/32
Support 2 618.00 1.3152 61.72 112  7/32
Support 3 615.40 1.3113 61.14 111 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Dec 22nd, 2006


Economic
08:30am Nov Personal Income (last 0.4%), Personal Spending (last 0.2%), PCE Deflator Y/Y (last 1.5%), PCE Core (last 0.2%), Durable Goods Orders (last –8.3%), Durables Ex Transportation (last –1.7%)
10:00am Dec Final U. of Michigan Confidence (last 90.2)
Events
Energy and Metal Markets will close early. Bond Market Association recommends early close at 2:00pm. Trades Ex-dividend: MO $0.86.
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. 
 

posted by Cannon Trading at 6:31 AM

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