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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, June 21, 2007

Futures Trading levels and Economic reports for June 22nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market went 9 points south from opening price, then 9 points north of opening price to finish on its highs (SP 500)
 
Not sure if it means anything but thought it was interesting......
 
No reports tomorrow.
 
Good trading!
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1561.20 2006.17 13885 863.97
Resistance 2 1549.00 1987.08 13780 855.73
Resistance 1 1542.40 1976.42 13720 851.47
Pivot 1530.20 1957.33 13615 843.23
Support 1 1523.60 1946.67 13555 838.97
Support 2 1511.40 1927.58 13450 830.73
Support 3 1504.80 1916.92 13390 826.47
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 667.97 1.3483 70.98 106 30/32
Resistance 2 663.73 1.3465 70.42 106 24/32
Resistance 1 658.97 1.3447 69.53 106 14/32
Pivot 654.73 1.3429 68.97 106  8/32
Support 1 649.97 1.3411 68.08 105 30/32
Support 2 645.73 1.3393 67.52 105 24/32
Support 3 640.97 1.3375 66.63 105 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, June 22, 2007


Economic
None
Events
Fed's Pianalto give remarks at Bank's conference in Cleveland at 8:45am. Russell rebalancing goes into effect after the close of trading. Trades Ex-split: SEIC 2-1.
Earnings
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. 
 

posted by Cannon Trading at 1:28 PM

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