Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Volume was a bit beter today and the result was a better trading range as well.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1469.13 | 1850.83 | 12766 | 830.60 |
| Resistance 2 | 1463.47 | 1840.92 | 12708 | 825.30 |
| Resistance 1 | 1456.03 | 1826.83 | 12631 | 819.60 |
| Pivot | 1450.37 | 1816.92 | 12573 | 814.30 |
| Support 1 | 1442.93 | 1802.83 | 12496 | 808.60 |
| Support 2 | 1437.27 | 1792.92 | 12438 | 803.30 |
| Support 3 | 1429.83 | 1778.83 | 12361 | 797.60 |
| | | | | |
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 692.13 | 1.3516 | 62.45 | 111 |
| Resistance 2 | 688.97 | 1.3497 | 61.25 | 110 27/32 |
| Resistance 1 | 685.33 | 1.3481 | 60.60 | 110 21/32 |
| Pivot | 682.17 | 1.3462 | 60.00 | 110 16/32 |
| Support 1 | 678.53 | 1.3446 | 59.20 | 110 10/32 |
| Support 2 | 675.37 | 1.3427 | 58.60 | 110 5/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, April 12, 2007
Economic
07:45am 45am ECB rate decision 08:30am Initial Jobless Claims (last 321K), Mar Import Price Index (last 0.2%) 10:30am Natural Gas Inventories 01:00pm Treasury's 10-year TIPS auction results 01:30pm Mar ICSC Chain Store Sales (last 2.5%)
Events
More March Same Store Sales expected before the open. Arthritis Advisory Committee meets at 8:30am. Joint Meeting of the Anti-Infective Drugs Advisory Committee and the Pediatric Advisory Committee 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. Trading Ex-split: GEF 2-1.
Earnings
Before the Open: CBSH MTG PIR PII RAD VIP. After the Close: CAE CREL CPWM LRCX.
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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