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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, June 22, 2007

Futures Trading levels and Economic reports for June 25th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
What a week we had...we started slow but the last few days of trading saw some very strong, volatile action.
 
I think the key during times of such volatility is probably the trades you don't take and patience is really a virtue during these times.
 
I hope everyone will take advantage of a weekend with no trading to rest and get ready for next week of trading.
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1550.00 1985.33 13774 858.08
Resistance 2 1541.40 1974.67 13704 852.17
Resistance 1 1530.70 1961.33 13610 846.58
Pivot 1522.10 1950.67 13540 840.67
Support 1 1511.40 1937.33 13446 835.08
Support 2 1502.80 1926.67 13376 829.17
Support 3 1492.10 1913.33 13282 823.58
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 665.17 1.3624 70.16 107 12/32
Resistance 2 662.33 1.3565 69.78 106 29/32
Resistance 1 659.67 1.3535 69.46 106 20/32
Pivot 656.83 1.3476 69.08 106  5/32
Support 1 654.17 1.3446 68.76 105 28/32
Support 2 651.33 1.3387 68.38 105 13/32
Support 3 648.67 1.3357 68.06 105  4/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, June 25, 2007


Economic
10:00 May Existing Home Sales (last 5.99M)
Events
TWGP replaces BSTE in the S&P Small Cap 600 after the close. BF Investor Day. LAMR, PETM, TAST at Wachovia Securities CEO Summit. IPO Lock-up: HWCC. Trades Ex-split: AGN 2-1 GILD 2-1 ESRX 2-1
Earnings
Before the Open: WAG. After the Close: SNX.
 
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 1:03 PM

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