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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, November 27, 2007

Futures Trading levels and Economic reports for Nov. 28th

 
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Dear Trader,
 
Crazy, wild day that finished with a bullish tone....but with this market who knows .......
 
LEVELS:
 
Contract (Dec 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1458.50 2086.00 13275 760.83
Resistance 2 1445.50 2063.00 13145 753.92
Resistance 1 1436.00 2047.50 13050 748.83
Pivot 1423.00 2024.50 12920 741.92
Support 1 1413.50 2009.00 12825 736.83
Support 2 1400.50 1986.00 12695 729.92
Support 3 1391.00 1970.50 12600 724.83
         
Contract  Dec Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 827.33 1.5003 62.45 120  6/32
Resistance 2 822.27 1.4961 61.25 119 13/32
Resistance 1 818.13 1.4900 60.60 118 16/32
Pivot 813.07 1.4858 60.00 117 23/32
Support 1 808.93 1.4797 59.20 116 26/32
Support 2 803.87 1.4755 58.60 116  1/32
Support 3 799.73 1.4694 57.90 115  4/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, November 28, 2007


Economic
8:30am Oct Durable Goods Orders (last –1.7%) (ex transportation last 0.3%)
10:00am Oct Home Sales (last 5.04M, m/m last –8%)
10:30am Crude Oil/Gasoline/Distillate Inventories
1:00pm 2-year note announcement
2:00pm Fed Beige Book
Events
8:00am Fed's Kohn speaks at Council on Foreign Relations in NY, 1:30pm Fed's Fisher speaks on Fed, economy in Amarillo, TX, FDA Pediatric Advisory on adverse event reports (Serevent, Provigil, Azopt, Bextaxon, Emtrivia, Gleevec), Friedman Billings Ramsey Capital Markets Investor Conference, MBA Mortgage Applications (7:00, last –3.6%). Trades Ex-dividend: KO $0.34, D $0.3995, STI $0.73. DOV $0.20
Earnings
Before the Open: ARO, BECN, BWS, CBRL, DLTR, NRGY, IGLD, SCMR After the Close: ATW, CWTR, JAS, MW, SIGM, TIVO, WEDC
 
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 #515
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 1:25 PM

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