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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, November 30, 2007

Futures Trading levels and Economic reports for Dec 3rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
looking ahead for the first week od December, two levels grab my attention:
1496.50 basis the Dec. SP 500 as a critical resistance and 1472 as a support to the current rally.
 
Have a great trading month in December!
 
LEVELS:
 
Contract (Dec 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1513.47 2177.00 13690 795.42
Resistance 2 1502.73 2152.50 13590 788.33
Resistance 1 1494.47 2124.00 13510 779.17
Pivot 1483.73 2099.50 13410 772.08
Support 1 1475.47 2071.00 13330 762.92
Support 2 1464.73 2046.50 13230 755.83
Support 3 1456.47 2018.00 13150 746.67
         
Contract  Dec Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 813.57 1.4898 62.45 118 28/32
Resistance 2 807.03 1.4844 61.25 118 11/32
Resistance 1 798.07 1.4741 60.60 117 24/32
Pivot 791.53 1.4687 60.00 117  7/32
Support 1 782.57 1.4584 59.20 116 20/32
Support 2 776.03 1.4530 58.60 116  3/32
Support 3 767.07 1.4427 57.90 115 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, December 03, 2007


Economic
10:00am Nov ISM Manufacturing (last 50.9), Nov ISM prices paid (last 63)
Events
8:00am Fed's Rosengren speaks on subprime mortgages and developments in Boston, 10:30am US Treasury's Paulson speaks at housing conference in Washington, 3:30pm Fed's Yellen speaks in Seattle on US outlook and monetary policy, Nov Total Vehicle Sales (last 16.1M, domestic 12.2M), Bank of America Securities Conference, Opal Financial Group CDO Summit, Trades Ex-dividend: SLB $0.175, LM $0.24, AVY $0.41, AEE $0.635
Earnings
After the Close: CPWM, ISLE, PVH, SHRP
 
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 1:26 PM

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