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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, November 29, 2007

Futures Trading levels and Economic reports for Nov. 30th

 
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Dear Trader,
 
Relatively quiet day after the monster rally yesterday.....tomorrow is the last trading day of Novemeber and my guess is that we should see higher volatility than today.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1494.67 2146.67 13513 781.50
Resistance 2 1485.83 2130.33 13442 777.25
Resistance 1 1478.67 2117.67 13383 772.00
Pivot 1469.83 2101.33 13312 767.75
Support 1 1462.67 2088.67 13253 762.50
Support 2 1453.83 2072.33 13182 758.25
Support 3 1446.67 2059.67 13123 753.00
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 807.97 1.4944 98.75 119 20/32
Resistance 2 805.23 1.4898 96.96 118 31/32
Resistance 1 800.27 1.4821 94.01 118 12/32
Pivot 797.53 1.4775 92.22 117 23/32
Support 1 792.57 1.4698 89.27 117  4/32
Support 2 789.83 1.4652 87.48 116 15/32
Support 3 784.87 1.4575 84.53 115 28/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, November 30, 2007


Economic
8:30am Oct Personal Income (last 0.4%), Oct Personal Spending (last 0.3%), Oct PCE Deflator (y/y last 2.4%), Oct PCE Core (last m/m 0.2%, y/y 1.8%)
9:45am Nov Chicago Purchasing Manager Index (last 49.7)
10:00am Oct Construction Spending (last m/m 0.3%), Nov Milwaukee NAPM (last 63)
Events
10:00am Fed's Plosser makes opening remarks at Philadelpia conference, 12:30pm Fed's Poole Speaks on economy at Cato Institute in Washington, 1:15pm Fed's Kroszner speaks on Financial Markets in Philadelphia, Illinois Tool Investor Meeting Trades Ex-dividend: MT $0.276, AROW $0.24
Earnings
Before the Open: BIG, KIRK After the Close: VLCCF .
 
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 1:02 PM

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