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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, June 18, 2007

Futures Trading levels and Economic reports for June 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Quiet day after a volatile last week.
 
Lets see what the rest of the week brings.
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1556.73 1981.00 13840 867.50
Resistance 2 1553.77 1977.00 13817 863.25
Resistance 1 1549.73 1972.00 13773 858.50
Pivot 1546.77 1968.00 13750 854.25
Support 1 1542.73 1963.00 13706 849.50
Support 2 1539.77 1959.00 13683 845.25
Support 3 1535.73 1954.00 13639 840.50
         
Contract  August Gold Sept. Euro July Crude Oil Sept. Bonds 
Resistance 3 666.77 1.3509 71.19 107  9/32
Resistance 2 664.63 1.3484 70.17 106 29/32
Resistance 1 662.27 1.3467 69.63 106 22/32
Pivot 660.13 1.3442 68.61 106 10/32
Support 1 657.77 1.3425 68.07 106  3/32
Support 2 655.63 1.3400 67.05 105 23/32
Support 3 653.27 1.3383 66.51 105 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, June 19, 2007


Economic
08:30am May Housing Starts (last 1.528M), Building Permits (last 1.457M)
Events
ICSC/UBSW Chain Store Sales (7:45, last 1.7%). Fed's Minehan gives Welcome Remarks at Bank conference in MA at 8:15am. Redbook Retail Sales (8:55, last 1.7%). William Blair Growth Stock conference in Chicago through 6/21. ABC Consumer Confidence (last -13). Trading Ex-split: CPKI 3-2, MRO 2-1, STR 2-1.
Earnings
Before the Open: ATU BKRS BBY CCL FDS PRGS. After the Close: CLC DRI FSII LZB.
 
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 1:18 PM

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