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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, December 27, 2006

Trading levels and reports for Dec. 28th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
only two more trading days in 2006!
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1448.17 1798.00 12691 814.50
Resistance 2 1443.43 1791.50 12643 809.50
Resistance 1 1440.47 1785.25 12614 807.00
Pivot 1435.73 1778.75 12566 802.00
Support 1 1432.77 1772.50 12537 799.50
Support 2 1428.03 1766.00 12489 794.50
Support 3 1425.07 1759.75 12460 792.00
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 634.87 1.3299 61.81 113  9/32
Resistance 2 633.43 1.3263 61.48 112 30/32
Resistance 1 631.87 1.3217 60.91 112 14/32
Pivot 630.43 1.3181 60.58 112  3/32
Support 1 628.87 1.3135 60.01 111 19/32
Support 2 627.43 1.3099 59.68 111  8/32
Support 3 625.87 1.3053 59.11 110 24/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Dec 28th, 2006


Economic
08:30am Initial Jobless Claims (last 315K)
10:00am Dec Chicago Purchasing Manager (last 49.9), Consumer Confidence (last 102.9), Nov Existing Home Sales (last 6.24M)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 5-year Note auction results
Events
Trades Ex-dividend: TYC $0.10.
Earnings
Before the Open: LTRE. 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 1:16 PM

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