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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, June 28, 2007

Futures Trading levels and Economic reports for June 29th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
FOMC is behind us and from past observations, I noticed that the bigger moves usually happen the day after the fed Announcement so it will be interesting to see what tomorrow (which is the last trading day in June) will bring!
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1536.87 1982.67 13669 859.17
Resistance 2 1532.33 1975.33 13629 856.08
Resistance 1 1526.07 1965.67 13574 850.67
Pivot 1521.53 1958.33 13534 847.58
Support 1 1515.27 1948.67 13479 842.17
Support 2 1510.73 1941.33 13439 839.08
Support 3 1504.47 1931.67 13384 833.67
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 656.77 1.3567 71.28 107 18/32
Resistance 2 654.53 1.3542 70.89 107 12/32
Resistance 1 652.47 1.3508 70.23 107  3/32
Pivot 650.23 1.3483 69.84 106 29/32
Support 1 648.17 1.3449 69.18 106 20/32
Support 2 645.93 1.3424 68.79 106 14/32
Support 3 643.87 1.3390 68.13 106  5/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, June 29, 2007


Economic
8:30 May Personal Income (last –0.1%), Personal Spending (last 0.5%), PCE Deflator (last 2.2%), PCE Core M/M (last 0.1%), PCE Core Y/Y (last 2.0%)
9:45 June Chicago Purchasing Managers Index(last 61.7)
10:00 May Construction Spending (last 0.1%), June Final University of Michigan Confidence (last 83.7)
Events
Trades Ex-split: SPAR 3-2.
Earnings
Before the Open: AZZ. After the Close: SHLM.
 
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 1:36 PM

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