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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, July 17, 2007

Futures Trading levels and Economic reports for July 18th

 
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Dear Trader,
 
Looks like the market will await the FOMC minutes this Thursday before making any big moves.
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1572.33 2082.17 14165 864.17
Resistance 2 1568.87 2073.33 14131 862.33
Resistance 1 1564.43 2066.67 14093 858.92
Pivot 1560.97 2057.83 14059 857.08
Support 1 1556.53 2051.17 14021 853.67
Support 2 1553.07 2042.33 13987 851.83
Support 3 1548.63 2035.67 13949 848.42
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 672.27 1.3873 76.93 108  7/32
Resistance 2 670.23 1.3850 76.14 107 30/32
Resistance 1 668.07 1.3831 75.08 107 20/32
Pivot 666.03 1.3808 74.29 107 11/32
Support 1 663.87 1.3789 73.23 107  1/32
Support 2 661.83 1.3766 72.44 106 24/32
Support 3 659.67 1.3747 71.38 106 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, July 18, 2007


Economic
08:30am Jun Consumer Price Index (last 0.7%), CPI Ex Food & Energy (last 0.1%), CPI NSA (last 207.949), Housing Starts (last 1.474K), Building Permits (last 1.520K)
10:00am Fed's Bernanke Testifies before House Panel
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last 1.1%). ASMI, DADE, LRCX, RTEC analyst meetings. Trades Ex-dividend: CAT $0.36, PG $0.35.
Earnings
Before the Open: AOS ABT MO AMFI ASD APH BLK CIT CMA GCI HST JPM KLIC LUFK MI NTRS PFE PJC RLI SLGN LUV STJ UTX. After the Close: ADS ALL DOX ATR CTAS CNW CBST DST EBAY GKK RX ISIL JNPR KNL LRW LOGI MOGN MGI NE NVEC PKG RLRN RUSHA SSW SWKS SOV SRDX TER VLY WM WIT.
 
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 1:00 PM

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