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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, July 05, 2007

Futures Trading levels and Economic reports for July 6th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Lighter volume today and a bit of quieter action compare to the volatility we had last week.
 
Tomorrows monthly employment figures may move the market in early hours. I expect volume to return back to normal starting Monday as many traders who "bridged" 4th of July will return to trading.
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1548.63 2027.83 13770 866.17
Resistance 2 1543.17 2015.92 13725 861.58
Resistance 1 1539.63 2007.33 13690 858.67
Pivot 1534.17 1995.42 13645 854.08
Support 1 1530.63 1986.83 13610 851.17
Support 2 1525.17 1974.92 13565 846.58
Support 3 1521.63 1966.33 13530 843.67
         
Contract  August Gold Sept. Euro August Crude Oil Sept. Bonds 
Resistance 3 667.90 1.3762 74.06 107 16/32
Resistance 2 663.20 1.3728 73.20 107  9/32
Resistance 1 656.90 1.3680 72.51 106 30/32
Pivot 652.20 1.3646 71.65 106 23/32
Support 1 645.90 1.3598 70.96 106 12/32
Support 2 641.20 1.3564 70.10 106  5/32
Support 3 634.90 1.3516 69.41 105 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 
 

Friday, July 06, 2007


Economic
08:30am Jun Change in Nonfarm Payrolls (last 157K), Unemployment Rate (last 4.5%), Change in Manufact Payrolls (last –19K), Average Hourly Earnings (last 0.3%), Average Weekly Hours (last 33.9)
10:30am Natural Gas Inventories
Events
Fed's Yellen speaks at conference in Singapore at 12:00am. Trades Ex-dividend: VZ $0.405.
Earnings
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 1:04 PM

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