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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, July 11, 2007

Futures Trading levels and Economic reports for July 12th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1552.03 2044.67 13847 860.95
Resistance 2 1541.77 2027.33 13763 854.85
Resistance 1 1536.53 2018.67 13722 851.80
Pivot 1526.27 2001.33 13638 845.70
Support 1 1521.03 1992.67 13597 842.65
Support 2 1510.77 1975.33 13513 836.55
Support 3 1505.53 1966.67 13472 833.50
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 669.70 1.3856 73.77 108 18/32
Resistance 2 667.90 1.3834 73.39 108  7/32
Resistance 1 665.00 1.3806 72.97 107 22/32
Pivot 663.20 1.3784 72.59 107 11/32
Support 1 660.30 1.3756 72.17 106 26/32
Support 2 658.50 1.3734 71.79 106 15/32
Support 3 655.60 1.3706 71.37 105 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, July 12, 2007


Economic
08:30am Initial Jobless Claims (last 318K), May Trade Balance (last -$58.5B)
10:30am Natural Gas Inventories
02:00pm Jun Monthly Budget Statement (last $20.5B)
Events
More Jun Same Store Sales expected before the open. Fed's Kroszner to speak on Basel II in NYC at 8:30am. CIBC Consumer Growth conference in Boston through 7/12. NSTR analyst meeting. Fed's Yellen speaks on Economy in Alaska at 4:40pm. Trades Ex-split: FTK 2-1.
Earnings
Before the Open: CBSH FLE MTB MAR METH PGR. After the Close: CREL ESIO.
 
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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