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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, May 04, 2007

Futures Trading levels and Economic reports for May 7th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1526.80 1938.00 13429 845.53
Resistance 2 1521.40 1927.50 13385 841.27
Resistance 1 1517.80 1918.00 13352 839.03
Pivot 1512.40 1907.50 13308 834.77
Support 1 1508.80 1898.00 13275 832.53
Support 2 1503.40 1887.50 13231 828.27
Support 3 1499.80 1878.00 13198 826.03
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 700.67 1.3727 64.82 113     
Resistance 2 696.83 1.3680 64.11 112 15/32
Resistance 1 693.27 1.3651 63.02 112  5/32
Pivot 689.43 1.3604 62.31 111 20/32
Support 1 685.87 1.3575 61.22 111 10/32
Support 2 682.03 1.3528 60.51 110 25/32
Support 3 678.47 1.3499 59.42 110 15/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, May 07, 2007


Economic
01:00pm 00pm Treasury's 3-year Note Auction results 03:00pm Mar Consumer Credit (last $3.0B)
Events
ANST replaces HYDL in S&P 600 after the close. Trading Ex-split: AZZ 2-1. Trades Ex-dividend: BUD $0.295, HET $0.40.
Earnings
Before the Open: AEE AMT ARD AGII CCOI DRAD DQE ENCY ENTG ETM FLML FNDT HANS HOFF MCY ORBK VITA OSIS PGN RCKY BID TTI. After the Close: ACMR ARXX ANSW NILE CENT CRK CUZ CCRN CUTR DCEL DRRX EGLE ECLG FLR FST GIVN GTRC HCN HLEX HLYS IIG JCOM JRT KBALB MDR MCK MIVA NFG OTTR PKY POM PHTN PWAV QGEN QLTY RAE RTEC SVNT SBAC SONS SYKE TLEO TNS TRMA UHCO VAS VOLC WYNN.
 
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 1:24 PM

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