Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
And the volatility continues....In many ways day-traders look for high volatility as it presents wider ranges and more "set ups" per trading session, on the other hand the high volatility requires one to be very quick, nimble and decisive in his/hers trading decisions and more important trade & risk management.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1556.17 | 1968.67 | 13872 | 856.00 |
| Resistance 2 | 1543.93 | 1954.33 | 13744 | 849.00 |
| Resistance 1 | 1536.97 | 1945.67 | 13673 | 844.00 |
| Pivot | 1524.73 | 1931.33 | 13545 | 837.00 |
| Support 1 | 1517.77 | 1922.67 | 13474 | 832.00 |
| Support 2 | 1505.53 | 1908.33 | 13346 | 825.00 |
| Support 3 | 1498.57 | 1899.67 | 13275 | 820.00 |
| | | | | |
| Contract | August Gold | June Euro | July Crude Oil | Sept. Bonds |
| Resistance 3 | 663.07 | 1.3425 | 68.32 | 107 26/32 |
| Resistance 2 | 659.63 | 1.3391 | 67.39 | 106 30/32 |
| Resistance 1 | 656.17 | 1.3373 | 66.82 | 106 16/32 |
| Pivot | 652.73 | 1.3339 | 65.89 | 105 20/32 |
| Support 1 | 649.27 | 1.3321 | 65.32 | 105 6/32 |
| Support 2 | 645.83 | 1.3287 | 64.39 | 104 10/32 |
| Support 3 | 642.37 | 1.3269 | 63.82 | 103 28/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, June 14, 2007
Economic
08:30am Initial Jobless Claims (last 309K), May Producer Price Index (last 0.7%), PPI Ex Food & Energy (last 0.0%)
10:30am Natural Gas Inventories
Events
Bank of Japan policy meeting begins. Science Board to the FDA meets at 8:00am. AMIS, LTR, SYMC analyst meeting. Treasury's Paulson speaks on National Security in NYC at 8:00am. Fed holds hearings in DC on Mortgage Regulations. Goldman Sachs Global Healthcare conference in CA through 6/14. Morgan Stanley Small Cap Exec conference in NYC through 6/14. Needham Biotechnology/Medical Tech conference in NYC through 6/14.
Earnings
Before the Open: BSC DLM GLBC GS SMTS. After the Close: ADBE TMRK.
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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