Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Hope every one will have a great trading month in June!
It will start tomorrow with monthly unemployment figures that will move both bonds and stock indices.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1544.10 | 1950.83 | 13743 | 857.83 |
| Resistance 2 | 1540.90 | 1943.42 | 13717 | 854.37 |
| Resistance 1 | 1536.90 | 1937.83 | 13683 | 851.43 |
| Pivot | 1533.70 | 1930.42 | 13657 | 847.97 |
| Support 1 | 1529.70 | 1924.83 | 13623 | 845.03 |
| Support 2 | 1526.50 | 1917.42 | 13597 | 841.57 |
| Support 3 | 1522.50 | 1911.83 | 13563 | 838.63 |
| | | | | |
| Contract | August Gold | June Euro | July Crude Oil | Sept. Bonds |
| Resistance 3 | 672.17 | 1.3545 | 66.16 | 110 2/32 |
| Resistance 2 | 669.83 | 1.3516 | 65.10 | 109 22/32 |
| Resistance 1 | 668.27 | 1.3490 | 64.56 | 109 13/32 |
| Pivot | 665.93 | 1.3461 | 63.50 | 109 1/32 |
| Support 1 | 664.37 | 1.3435 | 62.96 | 108 24/32 |
| Support 2 | 662.03 | 1.3406 | 61.90 | 108 12/32 |
| Support 3 | 660.47 | 1.3380 | 61.36 | 108 3/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Friday, June 01, 2007
Economic
08:30am May Unemployment Rate (last 4.5%), Change in Nonfarm Payrolls (last 88K), Change in Manufact. Payrolls (last –19K), Average Hourly Earnings (last 0.2%), Average Weekly Hours (last 33.8), Apr Personal Income (last 0.7%), Personal Spending (last 0.3%), PCE Core (last 0.0%), PCE Deflator Y/Y (last 2.4%)
10:00am May ISM Manufacturing (last 54.7), Prices Paid (last 73.0), Final U. of Michigan Confidence (last 88.7), Apr Pending Home Sales (last –4.9%)
Events
Hurricane season officially starts. Fed's Kroszner speaks on U.S. economic outlook in Greece at 4:30am. WY analyst meeting. Cowen Technology conference in NYC through 6/1. Lehman Brothers Worldwide Wireless/Wireline conference through 6/1. Sanford Bernstein Strategic Decisions conference in NYC through 6/1. May Total Vehicle Sales (last 16.4M); Domestic Vehicle Sales (last 12.6M). Greenspan speaks at BookExpo in NYC at 5:15pm. Trading Ex-split: GEO 2-1, NRG 2-1, SRCL 2-1.
Earnings
Before the Open: KIRK. 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.
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