Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1489.40 | 1865.25 | 12901 | 846.25 |
| Resistance 2 | 1483.20 | 1857.75 | 12845 | 841.50 |
| Resistance 1 | 1479.30 | 1853.00 | 12807 | 838.50 |
| Pivot | 1473.10 | 1845.50 | 12751 | 833.75 |
| Support 1 | 1469.20 | 1840.75 | 12713 | 830.75 |
| Support 2 | 1463.00 | 1833.25 | 12657 | 826.00 |
| Support 3 | 1459.10 | 1828.50 | 12619 | 823.00 |
| | | | | |
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 704.40 | #VALUE! | 62.45 | 111 14/32 |
| Resistance 2 | 699.70 | #VALUE! | 61.25 | 111 2/32 |
| Resistance 1 | 697.10 | #VALUE! | 60.60 | 110 27/32 |
| Pivot | 692.40 | #VALUE! | 60.00 | 110 15/32 |
| Support 1 | 689.80 | #VALUE! | 59.20 | 110 8/32 |
| Support 2 | 685.10 | #VALUE! | 58.60 | 109 28/32 |
| Support 3 | 682.50 | #VALUE! | 57.90 | 109 21/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, April 17, 2007
Economic
08:30am 30am Mar Consumer Price Index (last 0.4%), CPI Ex Food & Energy (last 0.2%), CPI NSA (last 203.499), Housing Starts (last 1.525M), Building Permits (last 1.532M) 09:15am Mar Industrial Production (last 1.0%), Capacity Utilization (last 82.0%) 02:00pm Fed's Discount Rate minutes released
Events
ICSC/UBSW Chain Store Sales (7:45, last 4.5%). Redbook Retail Sales (8:55, last 4.2%). Fed's Plosser speaks on Economic Outlook in NJ at 8:30am. Fed's Geithner gives Welcome Remarks at 9:00am. GTXI, JCP analyst day. AG Edwards Media & Entertainment conference in Las Vegas through 4/18. Fed's Geithner speaks on the Euro and the Dollar in NYC at 12:30pm. ABC Consumer Confidence (last -7).
Earnings
Before the Open: AM AMTD KO CMA DJ EMC JEF JNJ JOSB KEY MTB MI MMR MEL NTRS PACT PNFP BPOP RF STT STI USB WFC. After the Close: ADTN CHB CGNX CCK CSX ESLR HBHC IBM INTC IWOV LCBM LLTC PKG PPDI RLRN RUSHA STX TRMK USNA WM YHOO.
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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