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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, February 12, 2007

Trading levels and reports for Feb 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Today's lows at 1435.00 were made at a strong support level based on the SP hourly chart. If we hold these lows tomorrow, we may see a good bounce, on the same token, a break of these levels can bring 1424 closer to reality.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1450.80 1806.00 12683 819.47
Resistance 2 1447.20 1800.00 12655 815.73
Resistance 1 1442.30 1793.00 12617 812.22
Pivot 1438.70 1787.00 12589 808.48
Support 1 1433.80 1780.00 12551 804.97
Support 2 1430.20 1774.00 12523 801.23
Support 3 1425.30 1767.00 12485 797.72
         
Contract  April Gold March Euro March Crude Oil March Bonds 
Resistance 3 677.97 1.3137 60.51 110 29/32
Resistance 2 674.63 1.3097 59.80 110 24/32
Resistance 1 670.97 1.3041 58.81 110 17/32
Pivot 667.63 1.3001 58.10 110 12/32
Support 1 663.97 1.2945 57.11 110  5/32
Support 2 660.63 1.2905 56.40 110     
Support 3 656.97 1.2849 55.41 109 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 
Feb 13 08:30 Trade Balance Dec -$59.7B -$59.5B -$58.2B
 
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 1:01 PM

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