Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Today's session saw good trading range and set ups on both sides. More earning reports as well as economic reports are ahead for the rest of the week and I suspect we will see increased volatility.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1503.20 | 1901.67 | 13131 | 844.83 |
| Resistance 2 | 1497.10 | 1889.33 | 13083 | 839.27 |
| Resistance 1 | 1492.70 | 1880.17 | 13044 | 835.13 |
| Pivot | 1486.60 | 1867.83 | 12996 | 829.57 |
| Support 1 | 1482.20 | 1858.67 | 12957 | 825.43 |
| Support 2 | 1476.10 | 1846.33 | 12909 | 819.87 |
| Support 3 | 1471.70 | 1837.17 | 12870 | 815.73 |
| | | | | |
| Contract | June Gold | June Euro | June Crude Oil | June Bonds |
| Resistance 3 | 704.47 | 1.3791 | 68.00 | 112 9/32 |
| Resistance 2 | 699.83 | 1.3730 | 67.13 | 112 2/32 |
| Resistance 1 | 693.77 | 1.3699 | 65.85 | 111 29/32 |
| Pivot | 689.13 | 1.3638 | 64.98 | 111 22/32 |
| Support 1 | 683.07 | 1.3607 | 63.70 | 111 17/32 |
| Support 2 | 678.43 | 1.3546 | 62.83 | 111 10/32 |
| Support 3 | 672.37 | 1.3515 | 61.55 | 111 5/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, April 25, 2007
Economic
08:30am 30am Mar Durable Goods Orders (last 1.7%), Durables Ex Transportation (last –1.0%) 10:00am Mar New Home Sales (last 848K) 10:30am Crude Oil/Gasoline/Distillate Inventories 01:00pm Treasury's 2-year Note auction results 02:00pm Fed's Beige Book
Events
MBA Mortgage Applications (7:00, last –2.5%). NSC analyst meeting. Fed's Bernanke gives Welcome Remarks at Financial Literacy conference in DC at 10:00am.
Earnings
Before the Open: EYE AMG APD AAI ATI ABK APU ABC ABFS ASH ASPM ATMI AVX BHI BDX BDK BA CL COP CEG GLW CFR DTLK DVD DOV ECA SSP EXC EXR FCX GD GENZ HCR HES HST IHP ISE KEA KMT LEA LCRY LIFC LPX MPX MDP MCO NSC NCX NB OMM OSTK PMTC PEP PFCB PNW PX PDS RTN FRZ RGS RAI RES R SEE SLAB SPIL SNWL SMMX TROW TASR TDY TIN UAUA UGI UIS UPS WDR WFT WLP XEL XTO. During Trading Hours: BUD. After the Close: AEIS AFFX AKAM ACL ACAP AGP AAPL ARBA ARRS ASIA AVB AV BOBJ CBT CDNS CTXS CLF CYH CSGP DVW CYTC DGII DSCM EQ EPIC FFIV FIC FNF FR FISV FORM GDI ROCK GSIC HLIT IBKC IKAN IRBT KTO KEX KOMG LTBG LOOP LSI MANH MTSN MXIM MTH MCRL MIPS MCRI MRH MTSC MUR NANO NLS NTRI NUVA OI PRXL PDFS PHRM PLXS PMCS PRAA PRAI PHM QCOM STR RMBS RARE RJET RKT RYL SCSS SWKS SII SORC SFG SWK SMBI TEX TLGD TSCO TQNT TUP TYL VARI VAR WOOF WEN WSH XLNX ZMH.
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 ensure 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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