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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, April 13, 2007

Trading levels and reports for April 17th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Next week is full of reports and should be a busy week. Hope everyone will enjoy a great weekend.
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1473.83 1856.50 12787 835.88
Resistance 2 1467.67 1845.00 12731 830.32
Resistance 1 1464.33 1838.00 12701 827.53
Pivot 1458.17 1826.50 12645 821.97
Support 1 1454.83 1819.50 12615 819.18
Support 2 1448.67 1808.00 12559 813.62
Support 3 1445.33 1801.00 12529 810.83
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 700.63 1.3671 62.45 111  6/32
Resistance 2 695.57 1.3630 61.25 110 29/32
Resistance 1 692.73 1.3598 60.60 110 19/32
Pivot 687.67 1.3557 60.00 110 10/32
Support 1 684.83 1.3525 59.20 110     
Support 2 679.77 1.3484 58.60 109 23/32
Support 3 676.93 1.3452 57.90 109 13/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, April 16, 2007


Economic
08:30am 30am Apr Empire Manufacturing (last 1.9), Mar Advance Retail Sales (last 0.1%), Retail Sales Less Autos (last –0.1%) 09:00am Feb Net Long-term TIC Flows (last $97.4B) 10:00am Feb Business Inventories (last 0.2%) 01:00pm Apr NAHB Housing Market Index (last 36)
Events
Fed's Poole speaks on Demographics in Brussels at 6:30am. Fed's Plosser speaks on the European Union in Philadelphia at 8:45am. AG Edwards Media & Entertainment conference in Las Vegas through 4/18. Fed's Fisher speaks on Fiscal Issues in TX at 9:45a.
Earnings
Before the Open: AMLN SCHW C ETN LLY MAT WB GWW. After the Close: CNW ELS INVX SORC STLD WERN.
 
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 1:11 PM

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