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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, March 08, 2007

Trading levels and reports for March 9th - RESENT

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Resent with levels for the JUNE contracts in the indices, as June is now the front month. Again, if you are trading stock index futures, you need to trade the June contract and not the March.
Tomorrows important employment figures will set the tone for the rest of the day and possibly for next week. Expect volatility to remain high.
Have a good trading day and a great weekend.
 
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1432.63 1796.67 12483 801.00
Resistance 2 1427.17 1788.33 12442 797.50
Resistance 1 1421.73 1780.67 12403 793.50
Pivot 1416.27 1772.33 12362 790.00
Support 1 1410.83 1764.67 12323 786.00
Support 2 1405.37 1756.33 12282 782.50
Support 3 1399.93 1748.67 12243 778.50
         
Contract  April Gold March Euro April Crude Oil June Bonds 
Resistance 3 663.50 1.3244 63.33 113 26/32
Resistance 2 660.50 1.3216 62.81 113 19/32
Resistance 1 658.00 1.3177 62.23 113 15/32
Pivot 655.00 1.3149 61.71 113  8/32
Support 1 652.50 1.3110 61.13 113  4/32
Support 2 649.50 1.3082 60.61 112 29/32
Support 3 647.00 1.3043 60.03 112 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Mar 9th, 2007


Economic
08:30am Feb Change in Nonfarm Payrolls (last 111K), Unemployment Rate (last 4.6%), Change in Manufact Payrolls (last –16K), Average Hourly Earnings (last 0.2%), Average Weekly Hours (last 33.8), Jan Trade Balance (last -$61.2B)
09:00am RBC Cash Index
10:00am Jan Wholesale Inventories (last –0.5%)
Events
Trades Ex-dividend: BNI $0.25.
Earnings
Before the Open: BIG ENCY. 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

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