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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, December 03, 2007

Futures Trading levels and Economic reports for Dec. 4th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Quiet session for the first trading day of December. Market held above current support 0f 1472.
 
Light day tomorrow is expected as far as economic reports but the rest of the week is full of economic numbers as well as rate decisions from BOE and ECB (Thursday morning).
 
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 1492.80 2123.33 13517 777.00
Resistance 2 1488.20 2111.67 13473 773.75
Resistance 1 1481.50 2092.33 13407 767.25
Pivot 1476.90 2080.67 13363 764.00
Support 1 1470.20 2061.33 13297 757.50
Support 2 1465.60 2049.67 13253 754.25
Support 3 1458.90 2030.33 13187 747.75
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 803.07 1.4805 93.63 119  5/32
Resistance 2 799.03 1.4760 91.81 118 22/32
Resistance 1 796.87 1.4715 90.78 118 12/32
Pivot 792.83 1.4670 88.96 117 29/32
Support 1 790.67 1.4625 87.93 117 19/32
Support 2 786.63 1.4580 86.11 117  4/32
Support 3 784.47 1.4535 85.08 116 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, December 04, 2007


Economic
None Seen
Events
3:15am US Treasury's Ryan speaks at Fixed Income conference in Paris, Dell Shareholders meeting, Calyon Securities, Airline Conference, ICSC/UBSW Chain Store Sales (7:45, last 2.5%). Redbook Retail Sales (8:55, last 2.4%). ABC Consumer Confidence (last -21). Trades Ex-split: LKQX 2-1, DE 2-1 Trades Ex-dividend: LUV $0.005, FLR $0.20, MAR $0.075, IDC $0.125
Earnings
Before the Open: CRMT, AZO, LDR, LAYN, SAFM After the Close: AVAV, CHS, CPRT, GES, PLAB, PSS, NX, WIND
 
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 1:00 PM

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