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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, March 20, 2007

Trading levels and reports for March 21st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
FOMC rate decision tomorrow at 13:15 Central time. Markets tend to act "funny"  before, during and after so be aware and trade accordingly.
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1438.20 1814.17 12500 812.50
Resistance 2 1431.00 1804.08 12444 806.50
Resistance 1 1427.20 1798.17 12414 803.50
Pivot 1420.00 1788.08 12358 797.50
Support 1 1416.20 1782.17 12328 794.50
Support 2 1409.00 1772.08 12272 788.50
Support 3 1405.20 1766.17 12242 785.50
         
Contract  April Gold March Euro May Crude Oil June Bonds 
Resistance 3 668.67 1.3432 62.45 113 10/32
Resistance 2 665.33 1.3401 61.25 113  4/32
Resistance 1 662.17 1.3382 60.60 112 29/32
Pivot 658.83 1.3351 60.00 112 23/32
Support 1 655.67 1.3332 59.20 112 16/32
Support 2 652.33 1.3301 58.60 112 10/32
Support 3 649.17 1.3282 57.90 112  3/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Mar 21st, 2007


Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
02:15pm FOMC Rate Decision Expected
Events
MBA Mortgage Applications (7:00, last 2.8%). Lehman Global Healthcare conference in Miami through 3/21. AG Edwards Energy conference in Boston through 3/21. Merrill Lynch Retailing conference in NYC through 3/22. JPMorgan Aviation and Transportation conference in NYC through 3/22. JPMorgan Gaming, Lodging, Restaurant conference in Las Vegas through 3/22.
Earnings
Before the Open: AIR CHRS DIET MS ROST SMRT. After the Close: CTRN CLC MLHR IHS SIGM.
 
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 1:20 PM

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