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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, May 11, 2007

Futures Trading levels and Economic reports for May14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
The mentality of the market is still very strong as evident from todays rally, which almost completely erased yesterdays sell off.
 
My guess for next week is that we will se a new high unless major geo-political events happen.
 
Have a great weekend and good trading if you are reading this on Monday.
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1528.50 1946.00 13512 841.67
Resistance 2 1520.50 1929.00 13447 836.83
Resistance 1 1516.50 1920.00 13414 834.17
Pivot 1508.50 1903.00 13349 829.33
Support 1 1504.50 1894.00 13316 826.67
Support 2 1496.50 1877.00 13251 821.83
Support 3 1492.50 1868.00 13218 819.17
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 679.83 1.3643 63.40 112 22/32
Resistance 2 676.97 1.3597 62.92 112 11/32
Resistance 1 674.63 1.3574 62.65 111 27/32
Pivot 671.77 1.3528 62.17 111 16/32
Support 1 669.43 1.3505 61.90 111     
Support 2 666.57 1.3459 61.42 110 21/32
Support 3 664.23 1.3436 61.15 110  5/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, May 14, 2007


Economic
None
Events
Fed's Fisher speaks on Service Sector in DC at 4:00pm. Fed's Lockhart gives Welcome Remarks at Atlanta Fed Conference at 7:15pm. Trading Ex-split: VIVO 3-2.
Earnings
Before the Open: ACPW CSIQ GRRF GILT NAT PETS ELOS VAL VYYO. After the Close: A CNTF CPII GUID LINE PLTE SINA STEC.
 
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 / commodity broker
Cannon Trading Co Inc. - home of online futures trading
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 1:17 PM

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