Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, March 19, 2007

Trading levels and reports for March 20th

 

*To be removed, please reply with remove daytrading in subject line

 

Dear Trader,

 

Hope everyone had a good start for their trading week. Two resistance levels stick out for me on the way up, 1417.25 and 1424.25 basis the June Mini SP

 

 

 

LEVELS:

Contract (JUNE 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1432.80	1806.67	12427	802.58
Resistance 2	1424.40	1795.83	12379	799.37
Resistance 1	1421.60	1788.67	12354	796.43
Pivot	1413.20	1777.83	12306	793.22
Support 1	1410.40	1770.67	12281	790.28
Support 2	1402.00	1759.83	12233	787.07
Support 3	1399.20	1752.67	12208	784.13
Contract	April Gold	March Euro	May Crude Oil	June Bonds
Resistance 3	659.13	1.3412	62.45	112 28/32
Resistance 2	657.57	1.3392	61.25	112 25/32
Resistance 1	655.93	1.3367	60.60	112 20/32
Pivot	654.37	1.3347	60.00	112 17/32
Support 1	652.73	1.3322	59.20	112 12/32
Support 2	651.17	1.3302	58.60	112  9/32
Support 3	649.53	1.3277	57.90	112  4/32

 

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

 

Tuesday, Mar 20th, 2007

Economic

08:30am Feb Housing Starts (last 1.408M), Building Permits (last 1.568M)

Events

ICSC/UBSW Chain Store Sales (7:45, last 3.1%). Redbook Retail Sales (8:55, last 3.4%). Lehman Global Healthcare conference in Miami through 3/21. AG Edwards Energy conference in Boston through 3/21. ABC Consumer Confidence (last 2). Trading Ex-split: CSL 2-1.

Earnings

Before the Open: CAMT CMC FDS MCS PERY PRGS SUP. After the Close: ADBE CHAP CTAS DRI FSII ORCL.

 

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 1:32 PM

© Copyright 1996-2007 Cannon Trading Co. Inc. All Rights Reserved.

Cannon Trading Co. Inc. is registered with the Commodity Futures Trading Commission and a member of the National Futures Association.

Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.