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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, May 03, 2007

Futures Trading levels and Economic reports for May 4th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Don't forget to place your stops tomorrow.....I expect strong volatility after the release of un-employment figures.
 
Good trading!
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1517.73 1923.67 13357 861.00
Resistance 2 1513.37 1916.83 13323 847.70
Resistance 1 1510.93 1911.67 13299 855.35
Pivot 1506.57 1904.83 13265 842.05
Support 1 1504.13 1899.67 13241 849.70
Support 2 1499.77 1892.83 13207 836.40
Support 3 1497.33 1887.67 13183 844.05
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 697.20 1.3702 64.38 112 23/32
Resistance 2 691.20 1.3674 63.96 112 12/32
Resistance 1 687.80 1.3626 63.58 111 29/32
Pivot 681.80 1.3598 63.16 111 18/32
Support 1 678.40 1.3550 62.78 111  3/32
Support 2 672.40 1.3522 62.36 110 24/32
Support 3 669.00 1.3474 61.98 110  9/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, May 04, 2007


Economic
08:30am 30am Apr Change in Nonfarm Payrolls (last 180K), Change in Manufact. Payrolls (last –16K), Unemployment Rate (last 4.4%), Average Hourly Earnings (last 0.3%), Average Weekly Hours (last 33.9)
Events
General Hospital and Personal Use Devices Panel of the Medical Devices Advisory committee meets at 8:00am. Morgan Stanley Global Healthcare conference in FL through 5/4. Fed's Geithner speaks on Global Ecnomy in Montreal at 9:45am. Fed's Hoenig speaks about Central Bank in New Mexico at 11:20am.
Earnings
Before the Open: ALE LNT ATK AU AIV BRG BXC CSAR CNP CCUR EK GTXI HPOL HPY KBR MAC MCCC PEG SRT SPSX TWP WY. After the Close: TS.
 
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 ensure 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 1:19 PM

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