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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, May 24, 2007

Futures Trading levels and Economic reports for May 25th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Stock market will have normal trading hours tomorrow, however some other markets including bonds and currencies close early. For the complete Memorial day Holiday schedule, please visit:
 
 
Have a good trading day and enjoy a safe long weekend.
 
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1550.50 1951.42 13808 856.80
Resistance 2 1541.50 1934.33 13731 849.40
Resistance 1 1525.80 1908.17 13605 836.80
Pivot 1516.80 1891.08 13528 829.40
Support 1 1501.10 1864.92 13402 816.80
Support 2 1492.10 1847.83 13325 809.40
Support 3 1476.40 1821.67 13199 796.80
         
Contract  June Gold June Euro July Crude Oil June Bonds 
Resistance 3 669.37 1.3511 67.25 110  9/32
Resistance 2 665.43 1.3492 66.53 109 28/32
Resistance 1 659.37 1.3465 65.35 109 19/32
Pivot 655.43 1.3446 64.63 109  6/32
Support 1 649.37 1.3419 63.45 108 29/32
Support 2 645.43 1.3400 62.73 108 16/32
Support 3 639.37 1.3373 61.55 108  7/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, May 25, 2007


Economic
10:00am Apr Existing Home Sales (last 6.12M)
Events
Bond Market Association recommends early close at 2:00pm.
Earnings
Before the Open: AGYS. After the Close: 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 1:21 PM

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