Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, March 22, 2007

Trading levels and reports for March 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
The quiet after the storm...and maybe before the next storm.....(-:
 
Tight range after yesterdays massive rally. 1452 is a crucial level right now. A break above will trigger 1460, while failure can open the door for a retracement of yesterdays rally.
 
Hope everyone will have a successful trading day and a great weekend.
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1457.47 1842.50 12660 823.72
Resistance 2 1453.43 1835.00 12618 820.23
Resistance 1 1449.27 1827.00 12581 817.72
Pivot 1445.23 1819.50 12539 814.23
Support 1 1441.07 1811.50 12502 811.72
Support 2 1437.03 1804.00 12460 808.23
Support 3 1432.87 1796.00 12423 805.72
         
Contract  April Gold June Euro May Crude Oil June Bonds 
Resistance 3 671.77 1.3542 62.45 113  5/32
Resistance 2 669.53 1.3500 61.25 112 28/32
Resistance 1 666.87 1.3440 60.60 112 15/32
Pivot 664.63 1.3398 60.00 112  6/32
Support 1 661.97 1.3338 59.20 111 25/32
Support 2 659.73 1.3296 58.60 111 16/32
Support 3 657.07 1.3236 57.90 111  3/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Mar 23rd, 2007


Economic
10:00am Feb Existing Home Sales (last 6.46M)
Events
Fed's Lacker moderates panel on Liquidity Risk in NC at 8:30am. Fed's Plosser speak to NJ Bankers in FL at 9:15am. Fed's Geithner speaks at Credit Markets Symposium in NC at 11:30am. Fed's Lackers give Introductory Remarks at Credit Markets Symposium in NC at 11:30am. Fed's Mishkin speaks on Inflation Dynamics in SF at 10:15pm.
Earnings
Before the Open: None. 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 1:18 PM

0 Comments:

Post a Comment

<< Home