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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, May 17, 2007

Futures Trading levels and Economic reports for May 18th

 
*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 1527.30 1897.50 13538 825.33
Resistance 2 1524.40 1896.00 13532 823.17
Resistance 1 1520.00 1893.00 13519 819.33
Pivot 1517.10 1891.50 13513 817.17
Support 1 1512.70 1888.50 13500 813.33
Support 2 1509.80 1887.00 13494 811.17
Support 3 1505.40 1884.00 13481 807.33
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 673.13 1.3617 67.35 111  6/32
Resistance 2 668.47 1.3588 66.67 111  1/32
Resistance 1 663.63 1.3549 66.30 110 23/32
Pivot 658.97 1.3520 65.62 110 18/32
Support 1 654.13 1.3481 65.25 110  8/32
Support 2 649.47 1.3452 64.57 110  3/32
Support 3 644.63 1.3413 64.20 109 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, May 18, 2007


Economic
10:00am May Preliminary U. of Michigan Confidence (last 87.1)
Events
None
Earnings
None
 
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@cannontrading.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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