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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, March 26, 2007

Trading levels and reports for March 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone had a good start for their week and enjoy good trading.
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1467.20 1857.33 12711 828.08
Resistance 2 1458.10 1839.67 12643 822.67
Resistance 1 1452.00 1829.33 12589 818.33
Pivot 1442.90 1811.67 12521 812.92
Support 1 1436.80 1801.33 12467 808.58
Support 2 1427.70 1783.67 12399 803.17
Support 3 1421.60 1773.33 12345 798.83
         
Contract  April Gold June Euro May Crude Oil June Bonds 
Resistance 3 670.70 1.3506 62.45 113  4/32
Resistance 2 667.70 1.3449 61.25 112 24/32
Resistance 1 665.80 1.3412 60.60 112 12/32
Pivot 662.80 1.3355 60.00 112     
Support 1 660.90 1.3318 59.20 111 20/32
Support 2 657.90 1.3261 58.60 111  8/32
Support 3 656.00 1.3224 57.90 110 28/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Mar 27th, 2007


Economic
10:00am Mar Consumer Confidence (last 112.5), Mar Richmond Fed Manufacturing Index (last –10)
Events
Fed's Pianalto speaks in Prague on Currencies at 5:00am. ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 3.7%). Credit Suisse CTIA Wireless Forum in FL through 3.28. ABC Consumer Confidence (last -5). Trading Ex-split: HSC 2-1, KMX 2-1.
Earnings
Before the Open: GME LEN MKC. After the Close: ACN ANGO ARRO FUL XRTX.
 
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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