Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
The return from Easter/ Passover along with FOMC minutes should bring back volume to the market and may provide enough push for a break one way or the other.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1464.03 | 1838.50 | 12696 | 828.33 |
| Resistance 2 | 1461.07 | 1836.00 | 12678 | 825.17 |
| Resistance 1 | 1458.43 | 1827.00 | 12654 | 822.33 |
| Pivot | 1455.47 | 1824.50 | 12636 | 819.17 |
| Support 1 | 1452.83 | 1815.50 | 12612 | 816.33 |
| Support 2 | 1449.87 | 1813.00 | 12594 | 813.17 |
| Support 3 | 1447.23 | 1804.00 | 12570 | 810.33 |
| | | | | |
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 691.00 | 1.3619 | 62.45 | 110 31/32 |
| Resistance 2 | 688.90 | 1.3556 | 61.25 | 110 27/32 |
| Resistance 1 | 685.20 | 1.3513 | 60.60 | 110 23/32 |
| Pivot | 683.10 | 1.3450 | 60.00 | 110 19/32 |
| Support 1 | 679.40 | 1.3407 | 59.20 | 110 15/32 |
| Support 2 | 677.30 | 1.3344 | 58.60 | 110 11/32 |
| Support 3 | 673.60 | 1.3301 | 57.90 | 110 7/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Apr 11th, 2007
Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
02:00pm Minutes of March 21 FOMC Meeting, Mar Monthly Budget Statement (last -$120.0B)
Events
MBA Mortgage Applications (7:00, last –3.2%). Anti-Infective Drugs Advisory Committee meets at 8:30am. Credit Suisse Real Estate conference in NYC through 4/12. SunTrust Robinson Humphrey Institutional Investor conference in Atlanta through 4/12. CIBC Biotechnology/Specialty Pharmaceuticals conference in NYC through 4/12. Senate Panel meets on Stem Cells. Fed's Lacker speaks to Economists in NC at 12:00pm. Pediatric Advisory Committee meets at 4:00pm. Same Store Sales to be reported after the close. Trades Ex-dividend: GD $0.29, MS $0.27. Fed's Moskow speak on Economic Outlook in IL at 8:30pm.
Earnings
Before the Open: ACGY PGR. After the Close: APOG BBBY CBK DNA RIMM RI SAI.
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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