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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, December 26, 2006

Trading levels and reports for Dec., 26th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone enjoyed their holiday with family and loved ones.
Short week ahead with 3.5 days of trading (Friday is a short day) and many traders are out so expect thin volume to continue.
 
On the educational side, I received a book from a client of Mine, Dr. Charles Schaap. Name of the book is:  ADXcellence.
 
While I just started reading and going through it, I think you will find some of the methods and ideas of how to use the ADX and DMI wotrhwhile.
 
 
LEVELS: (provided by www.technicalanalytics.com )
 
 
 
 
 
BONDS H   CRUDE G  
   
RESISTANCE   RESISTANCE  
  114.05   ******* 65.60  
  114.00     65.15  
  113.24     64.70  
******* 113.14   ******* 64.30  
  113.07   ****** 63.80  
******* 113.00   ***** 63.30  
****** 112.22     62.98  
***** 112.16   **** 62.60  
   
CLOSE 112.06   CLOSE 62.41  
   
SUPPORT   SUPPORT  
***** 112.02   ***** 62.00  
  111.24   ****** 61.60  
****** 111.12     61.05  
  111.02     60.65  
  110.27   ******* 60.20  
******* 110.18   ******* 60.00  
******* 110.04     59.55  
******* 109.28     59.20  
               
S&P H  
 
RESISTANCE  
  1,448.00  
  1,445.00  
******* 1,442.10  
******* 1,438.00  
  1,435.00  
****** 1,431.80  
***** 1,428.00  
*** 1,424.00  
 
CLOSE 1,420.30  
 
SUPPORT  
** 1,418.00  
**** 1,415.00  
***** 1,410.00  
  1,406.00  
****** 1,404.00  
******* 1,399.50  
  1,395.00  
******* 1,392.00  
       
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Dec 26th, 2006


Economic
10:00am Dec Richmond Fed Manufacturing Index (last 7)
02:15pm Oct S&P/CaseShiller Home Price (last 4.2%)
Events
ABC Consumer Confidence (last 1).
Earnings
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 6:34 AM

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