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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, June 08, 2007

Futures Trading levels and Economic reports for June11th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,

 

What a volatile week we had with fast and large moves.

 

Survival is key in the business, make sure you survive to trade another day by using sound money management rules, especially during periods were volatility is high like we have seen this past week.

 

Hope everyone will enjoy/ enjoyed a great weekend and will have a successful trading week.

 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1551.03 1978.33 13788 863.17
Resistance 2 1537.37 1956.67 13671 853.83
Resistance 1 1530.03 1945.33 13608 848.17
Pivot 1516.37 1923.67 13491 838.83
Support 1 1509.03 1912.33 13428 833.17
Support 2 1495.37 1890.67 13311 823.83
Support 3 1488.03 1879.33 13248 818.17
         
Contract  August Gold June Euro July Crude Oil Sept. Bonds 
Resistance 3 670.87 1.3543 67.56 107 24/32
Resistance 2 666.03 1.3488 66.95 107  9/32
Resistance 1 658.17 1.3433 65.86 106 31/32
Pivot 653.33 1.3378 65.25 106 16/32
Support 1 645.47 1.3323 64.16 106  6/32
Support 2 640.63 1.3268 63.55 105 23/32
Support 3 632.77 1.3213 62.46 105 13/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, June 11, 2007


Economic
None
Events
Fed's Pianalto and ECB's Hurley speak in Dublin at 4:45am. Bear Stearns Technology/Communications/Internet conference in NYC through 6/12. JPMorgan Basics & Industrials conference in NYC through 6/12. Goldman Sachs Global Healthcare conference in CA through 6/14. Fed's Moskow gives Welcome remarks at Auto industry conference in Chicago at 10:00am. Steve Jobs gives keynote speech at 1:00pm at WWDC. Trading Ex-split: NGA 3-2. Trades Ex-dividend: HPQ $0.08.
Earnings
Before the Open: CMN JOSB. After the Close: CYBX RVI SORC TTWO.
 
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 1:24 PM

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