Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1452.20 | 1833.67 | 12602 | 822.70 |
| Resistance 2 | 1444.70 | 1817.33 | 12535 | 816.10 |
| Resistance 1 | 1438.10 | 1802.67 | 12475 | 810.20 |
| Pivot | 1430.60 | 1786.33 | 12408 | 803.60 |
| Support 1 | 1424.00 | 1771.67 | 12348 | 797.70 |
| Support 2 | 1416.50 | 1755.33 | 12281 | 791.10 |
| Support 3 | 1409.90 | 1740.67 | 12221 | 785.20 |
| | | | | |
| Contract | April Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 676.67 | 1.3453 | 62.45 | 112 |
| Resistance 2 | 671.23 | 1.3424 | 61.25 | 111 27/32 |
| Resistance 1 | 666.37 | 1.3400 | 60.60 | 111 22/32 |
| Pivot | 660.93 | 1.3371 | 60.00 | 111 17/32 |
| Support 1 | 656.07 | 1.3347 | 59.20 | 111 12/32 |
| Support 2 | 650.63 | 1.3318 | 58.60 | 111 7/32 |
| Support 3 | 645.77 | 1.3294 | 57.90 | 111 2/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Friday, Mar 30th, 2007
Economic
08:30am Feb Personal Income (last 1.0%), Personal Spending (last 0.5%), PCE Deflator Y/Y (last 2.0%), PCE Core M/M (last 0.3%)
09:45am Mar Chicago Purchasing Manager (last 47.9)
10:00am Mar Final U. of Michigan Confidence (last 88.8), Feb Construction Spending (last –0.8%)
Events
Cellular, Tissue and Gene Therapies Advisory Committee meets at 8:00am. Fed's Plosser gives Opening Remarks at Financing Community Development conference at 8:30am. XTEX analyst meeting. Fed's Bernanke speaks at Financial Community Development conference at 12:30pm. Trading Ex-split: GROW 2-1. Trades Ex-dividend: RTN $0.255. KFT replaces TSG in S&P 500, KBR replaces NEWP in S&P MidCap 400, NEWP replaces LNX and PLXS replaces WLM in S&P SmallCap 600 after close of trading
Earnings
Before the Open: GPN. 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.
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