Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
The next few days are packed with reports, some may give us a better hint about future Fed policy regarding interest rates, which is the main force behind market moves as of recent.
Hope you have a great trading week!
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1544.43 | 1959.67 | 13700 | 855.58 |
| Resistance 2 | 1537.97 | 1952.33 | 13650 | 850.67 |
| Resistance 1 | 1531.53 | 1941.67 | 13604 | 846.33 |
| Pivot | 1525.07 | 1934.33 | 13554 | 841.42 |
| Support 1 | 1518.63 | 1923.67 | 13508 | 837.08 |
| Support 2 | 1512.17 | 1916.33 | 13458 | 832.17 |
| Support 3 | 1505.73 | 1905.67 | 13412 | 827.83 |
| | | | | |
| Contract | August Gold | June Euro | July Crude Oil | Sept. Bonds |
| Resistance 3 | 666.27 | 1.3459 | 67.80 | 107 8/32 |
| Resistance 2 | 662.73 | 1.3438 | 66.92 | 106 31/32 |
| Resistance 1 | 660.87 | 1.3419 | 66.45 | 106 25/32 |
| Pivot | 657.33 | 1.3398 | 65.57 | 106 16/32 |
| Support 1 | 655.47 | 1.3379 | 65.10 | 106 10/32 |
| Support 2 | 651.93 | 1.3358 | 64.22 | 106 1/32 |
| Support 3 | 650.07 | 1.3339 | 63.75 | 105 27/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, June 12, 2007
Economic
10:00am Jun IBD/TIPP Economic Optimism (last 48.0)
01:00pm Treasury's 10-year Note auction results
02:00pm May Monthly Budget Statement (last -$42.9B)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.6%). Redbook Retail Sales (8:55, last 2.2%). Treasury's Paulson speaks at Trade conference in Atlanta at 8:30am. Citigroup Retail Technology conference in NYC. 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. Morgan Stanley Small Cap Exec conference in NYC through 6/14. Fed's Moskow gives Welcome remarks at bank conference in Chicago at 10:00am. Greenspan speaks at Mortgage conference in NYC at 12:30pm. ABC Consumer Confidence (last -15). Fed's Lockhart gives Welcome remarks in Atlanta at 7:00pm. Trading Ex-split: STR 2-1, VSEC 2-1.
Earnings
Before the Open: LEH ROLL STEI. After the Close: FNSR MEAS RENT SAPE.
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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