Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, July 12, 2007

Futures Trading levels and Economic reports for July 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 

All time cash on the SP cash index was made back in March 2000 at 1552.87 (again I am referring to cash index and not the futures market)

 

Today's high was 1547.92 basis the cash.

 

 

Tomorrow may be a key day from a weekly chart point of view. If we can close above 1527 it opens the door for a continued move up. A close below that and the door is open for continued volatility on both sides.

 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1589.33 2077.83 14250 873.83
Resistance 2 1574.17 2058.67 14100 867.67
Resistance 1 1564.83 2046.83 14010 863.08
Pivot 1549.67 2027.67 13860 856.92
Support 1 1540.33 2015.83 13770 852.33
Support 2 1525.17 1996.67 13620 846.17
Support 3 1515.83 1984.83 13530 841.58
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 678.13 1.3892 75.33 108  3/32
Resistance 2 674.57 1.3860 74.57 107 22/32
Resistance 1 671.43 1.3836 73.53 107  9/32
Pivot 667.87 1.3804 72.77 106 28/32
Support 1 664.73 1.3780 71.73 106 15/32
Support 2 661.17 1.3748 70.97 106  2/32
Support 3 658.03 1.3724 69.93 105 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, July 13, 2007


Economic
08:30am Jun Import Price Index (last 0.9%), Advance Retail Sales (last 1.4%), Retail Sales Less Autos (last 1.3%)
09:00am Jul RBC Cash Index
10:00am Jul Preliminary U. of Michigan Confidence (last 85.3), May Business Confidence (last 0.4%)
Events
None
Earnings
Before the Open: GE. After the Close: 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 1:29 PM

0 Comments:

Post a Comment

<< Home