Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
The political situation with Iran will continue to be the main factor affecting the market and volatility. I highly recommend placing hard stops rather than get caught in big moves.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1462.50 | 1844.17 | 12740 | 828.77 |
| Resistance 2 | 1456.40 | 1831.83 | 12672 | 824.28 |
| Resistance 1 | 1451.70 | 1822.17 | 12625 | 820.77 |
| Pivot | 1445.60 | 1809.83 | 12557 | 816.28 |
| Support 1 | 1440.90 | 1800.17 | 12510 | 812.77 |
| Support 2 | 1434.80 | 1787.83 | 12442 | 808.28 |
| Support 3 | 1430.10 | 1778.17 | 12395 | 804.77 |
| | | | | |
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 678.20 | 1.3470 | 62.45 | 111 17/32 |
| Resistance 2 | 675.70 | 1.3445 | 61.25 | 111 14/32 |
| Resistance 1 | 672.70 | 1.3408 | 60.60 | 111 10/32 |
| Pivot | 670.20 | 1.3383 | 60.00 | 111 7/32 |
| Support 1 | 667.20 | 1.3346 | 59.20 | 111 3/32 |
| Support 2 | 664.70 | 1.3321 | 58.60 | 111 |
| Support 3 | 661.70 | 1.3284 | 57.90 | 110 28/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Apr 4th, 2007
Economic
07:30am Mar Challenger Job Cuts (last –3.9%)
08:15am Mar ADP Employment Change (last 57K)
10:00am Mar ISM Non-manufacturing (last 54.3), Feb Factory Orders (last –5.6%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –0.2%). PCG, SVN analyst meetings. Morgan Stanley Global Automotive conference in NYC through 4/5. Prudential Metals & Mining conference in NYC. BofA Healthcare Mini conference in SF. Fed's Fisher speaks on U.S. Economy in Austin, TX at 1:15pm. NVR replaces NXL in S&P Midcap 400 and ARRS replaces NVR in S&P Smallcap 600 after the close of trading.
Earnings
Before the Open: AYI BBY BTH CC GBX MON MSM. After the Close: HWAY BLUD LWSN MU ZZ.
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.
0 Comments:
Post a Comment
<< Home