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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, November 20, 2007

Futures Trading levels and Economic reports for Nov. 21st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
What a volatile session pre Thanksgiving break, wow!
 
Stock index will observe normal trading hours tomorrow and will be closed Thursday.
 
For complete schedule go to:
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1494.40 2153.33 13438 784.00
Resistance 2 1475.20 2112.67 13286 771.50
Resistance 1 1460.60 2076.33 13170 762.50
Pivot 1441.40 2035.67 13018 750.00
Support 1 1426.80 1999.33 12902 741.00
Support 2 1407.60 1958.67 12750 728.50
Support 3 1393.00 1922.33 12634 719.50
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 807.97 1.5075 104.62 117  2/32
Resistance 2 803.53 1.4952 101.62 116 23/32
Resistance 1 797.47 1.4887 99.99 116 16/32
Pivot 793.03 1.4764 96.99 116  5/32
Support 1 786.97 1.4699 95.36 115 30/32
Support 2 782.53 1.4576 92.36 115 19/32
Support 3 776.47 1.4511 90.73 115 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, November 21, 2007


Economic
8:30 Initial Jobless Claims (last 339K), Continuing Claims (last 2.568M)
10:00am University of Michigan Consumer confidence (last 75), Oct leading indicators (last 0.3%)
10:30am Natural Gas Inventories , Crude Oil/Gasoline/Distillate Inventories
Events
2:00pm Bond Markets close, EuroFinance: Cash, treasury and risk management in China Conference, Credit Suisse Sub Prime Crisis event, MBA Mortgage Applications (7:00, last 5.5%). Trades Ex-dividend: RHI $0.10, VMC $0.46, AIZ $0.12, ARM $0.10, RWT $2.00, WTS $0.10
Earnings
Before the Open: ANF, CHRS, DE, GMTN, GCO, MESA, PDCO, POSS, BKE, SHMR, SOLF, TSL During Trading Hours: GPS After the Close: CSC, NDSN, PVH
 
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

 
* Important Please Note: 
IMPORTANT PLEASE NOTE:  TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS.  THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS.  THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS.   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 1:06 PM

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