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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 26, 2007

Futures Trading levels and Economic reports for April 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Tight range after yesterdays rally suggessts we are consolidating and ready for either the next wave up or a corection, which comes first is the hard question...
 
hope everyone will have a good trading day .
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1512.63 1917.67 13254 850.67
Resistance 2 1508.57 1913.83 13215 845.08
Resistance 1 1505.53 1903.67 13192 841.67
Pivot 1501.47 1899.83 13153 836.08
Support 1 1498.43 1889.67 13130 832.67
Support 2 1494.37 1885.83 13091 827.08
Support 3 1491.33 1875.67 13068 823.67
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 693.00 1.3740 67.51 111 27/32
Resistance 2 688.60 1.3710 66.95 111 21/32
Resistance 1 683.30 1.3670 66.01 111 11/32
Pivot 678.90 1.3640 65.45 111  5/32
Support 1 673.60 1.3600 64.51 110 27/32
Support 2 669.20 1.3570 63.95 110 21/32
Support 3 663.90 1.3530 63.01 110 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, April 27, 2007


Economic
08:30am 30am Q1 Advance GDP Annualized (last 2.5%), Personal Consumption (last 4.2%), GDP Price Index (last 1.7%), Employment Cost Index (last 0.8%) 10:00am April Final U. of Michigan Confidence (last 85.3)
Events
Blood Products Advisory Committee meets at 8:00am.
Earnings
Before the Open: AT AXL BPO BKC CAM CRS CLS CRDN CVX CVGI CVH CTCM CMI FLIR GEHL GT IDXX IR ITT KSE LNCE LZ MATR NOV NNI GAS ZEUS SPG SSCC TOMO VMSI WMI WHQ. After the Close: CCJ CHRT GHCI.
 
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. 
 

posted by Cannon Trading at 1:20 PM

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