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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, March 23, 2007

Trading levels and reports for March 26th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Inside day on Friday. 1452 is still a strong resistance (June SP). Have a great trading week.
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1457.20 1835.17 12663 821.33
Resistance 2 1454.10 1829.83 12631 819.17
Resistance 1 1450.70 1820.67 12598 817.33
Pivot 1447.60 1815.33 12566 815.17
Support 1 1444.20 1806.17 12533 813.33
Support 2 1441.10 1800.83 12501 811.17
Support 3 1437.70 1791.67 12468 809.33
         
Contract  April Gold June Euro May Crude Oil June Bonds 
Resistance 3 673.03 1.3427 62.45 112 21/32
Resistance 2 669.17 1.3407 61.25 112 15/32
Resistance 1 663.23 1.3370 60.60 112  5/32
Pivot 659.37 1.3350 60.00 111 31/32
Support 1 653.43 1.3313 59.20 111 21/32
Support 2 649.57 1.3293 58.60 111 15/32
Support 3 643.63 1.3256 57.90 111  5/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Mar 26th, 2007


Economic
10:00am Feb New Home Sales (last 937K)
11:00am Treasury's 2-year and 5-year Note announcements
Events
BSX, KMB analyst meetings.
Earnings
Before the Open: DG TIF TWP WAG. After the Close: PVH.
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 1:08 PM

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