Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1470.47 | 1865.17 | 12848 | 835.92 |
| Resistance 2 | 1466.13 | 1855.33 | 12818 | 832.33 |
| Resistance 1 | 1463.17 | 1849.42 | 12786 | 830.17 |
| Pivot | 1458.83 | 1839.58 | 12756 | 826.58 |
| Support 1 | 1455.87 | 1833.67 | 12724 | 824.42 |
| Support 2 | 1451.53 | 1823.83 | 12694 | 820.83 |
| Support 3 | 1448.57 | 1817.92 | 12662 | 818.67 |
| | | | | |
| Contract | April Gold | March Euro | April Crude Oil | March Bonds |
| Resistance 3 | 719.33 | 1.3235 | 63.36 | 112 10/32 |
| Resistance 2 | 702.87 | 1.3208 | 62.00 | 112 1/32 |
| Resistance 1 | 693.43 | 1.3181 | 61.03 | 111 24/32 |
| Pivot | 676.97 | 1.3154 | 59.67 | 111 15/32 |
| Support 1 | 667.53 | 1.3127 | 58.70 | 111 6/32 |
| Support 2 | 651.07 | 1.3100 | 57.34 | 110 29/32 |
| Support 3 | 641.63 | 1.3073 | 56.37 | 110 20/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Feb 22nd, 2007
Economic
08:30am Initial Jobless Claims (last 357K)
10:00am Jan Help Wanted Index (last 33)
10:30am Natural Gas Inventories, Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 5-year Note auction results
Events
ESLR, ETFC, FCS analyst meetings. BofA Technology conference in NYC through 2/22. Trading Ex-split: CMCSA 3-2. Trades Ex-dividend: GE $0.28.
Earnings
Before the Open: ACMR ARW AGIX BLDP ABX BRY BRNC CMS CDE DNR DQE EDO EMAG EMCI EME ENDP ESV FSS HMA HURN ICTG KPA IDC SFI JCP KSE KSWS LAMR LECO MEMY MINI NXL NEM NBL PKD PDCO PTEN PCG PXP QLTI FRZ SW SRE SPNC SYPR TOL TTC TRX UNT WMB. After the Close: ARP AVR BMRN BIO BDN BLDR CAB CPHD CHK CQB DCI HILL BOOM HLTH EVC GFIG HRB MOVE SOLD INPC INSU IBI INTU MCHX MATR MWY ORCC PGI RRGB ROP SBAC SCRX SFC STKL TKLC TELK UEIC YSI LNUX VRGY VAS VLCM.
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.
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