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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, February 15, 2007

Trading levels and reports for Feb 16th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
While stock indices will observe regular trading hours tomorrow, some of the other markets will close early in observance of Presidents Day.
 
Please visit: http://www.cannontrading.com/news/newsletter.php#one  for complete schedule.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1467.83 1847.83 12846 825.87
Resistance 2 1464.77 1839.67 12825 822.83
Resistance 1 1462.63 1835.33 12807 819.82
Pivot 1459.57 1827.17 12786 816.78
Support 1 1457.43 1822.83 12768 813.77
Support 2 1454.37 1814.67 12747 810.73
Support 3 1452.23 1810.33 12729 807.72
         
Contract  April Gold March Euro March Crude Oil March Bonds 
Resistance 3 682.60 1.3245 60.29 111 31/32
Resistance 2 678.40 1.3218 59.30 111 24/32
Resistance 1 674.90 1.3190 58.64 111 17/32
Pivot 670.70 1.3163 57.65 111 10/32
Support 1 667.20 1.3135 56.99 111  3/32
Support 2 663.00 1.3108 56.00 110 28/32
Support 3 659.50 1.3080 55.34 110 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Feb 16th, 2007


Economic
08:30am Jan Producer Price Index (last 0.9%), PPI Ex Food & Energy (last 0.2%), Housing Starts (last 1.642M), Building Permits (last 1.613M)
10:00am Feb Preliminary U. of Michigan Confidence (last 96.9)
Events
BB&T Capital Markets Transportation Services conference in Miami through 2/16. Early close for commodities and financial futures and options pits. Fed's Moskow speaks in Chicago at 1:30pm. Trades Ex-dividend: SLB $0.175.
Earnings
Before the Open: ALE CPB GT HRL SJM LMS OGE SRP VC RNIN. 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 1:05 PM

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