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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 12, 2007

Trading levels and reports for April 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
While volume the last two days surpassed the 1 million contracts on the mini sp, the "feeling" I am getting is that the big money is still waiting on the sideliness, perhaps for upcoming earning reports. On a different note, tomorrow is Friday the 13th (April 13th that is).....another good reason to use stops!
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1475.57 1865.67 12791 836.40
Resistance 2 1466.23 1847.83 12705 828.35
Resistance 1 1460.97 1837.67 12656 823.80
Pivot 1451.63 1819.83 12570 815.75
Support 1 1446.37 1809.67 12521 811.20
Support 2 1437.03 1791.83 12435 803.15
Support 3 1431.77 1781.67 12386 798.60
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 691.30 1.3629 62.45 111  4/32
Resistance 2 687.30 1.3585 61.25 110 30/32
Resistance 1 683.50 1.3552 60.60 110 23/32
Pivot 679.50 1.3508 60.00 110 17/32
Support 1 675.70 1.3475 59.20 110 10/32
Support 2 671.70 1.3431 58.60 110  4/32
Support 3 667.90 1.3398 57.90 109 29/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, April 13, 2007


Economic
08:30am 30am Mar Producer Price Index (last 1.3%), PPI Ex Food & Energy (last 0.4%), Feb Trade Balance (last -$59.1B) 10:00am Apr Preliminary U. of Michigan Confidence (last 88.4)
Events
G-7 meets in DC.
Earnings
Before the Open: GE INFY. After the Close: None.
 
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. 
 

posted by Cannon Trading at 1:20 PM

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