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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, December 05, 2007

Futures Trading levels and Economic reports for Dec. 6th

 
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Dear Trader,
 
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1503.30 2138.00 13657 782.00
Resistance 2 1496.00 2123.50 13568 775.50
Resistance 1 1491.60 2112.00 13512 771.00
Pivot 1484.30 2097.50 13423 764.50
Support 1 1479.90 2086.00 13367 760.00
Support 2 1472.60 2071.50 13278 753.50
Support 3 1468.20 2060.00 13222 749.00
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 816.47 1.4903 93.14 118 25/32
Resistance 2 811.63 1.4838 91.76 118 13/32
Resistance 1 807.67 1.4725 89.57 118  2/32
Pivot 802.83 1.4660 88.19 117 22/32
Support 1 798.87 1.4547 86.00 117 11/32
Support 2 794.03 1.4482 84.62 116 31/32
Support 3 790.07 1.4369 82.43 116 20/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, December 06, 2007


Economic
7:00am BoE Interest Rate Decision
7:45am ECB Interest Rate Decision
8:30am Initial Jobless Claims (last 352K), Continuing Claims (last 2.572M)
10:30am Natural Gas Inventories
Events
Same Store Sales before the open, FDA peripheral and Central Nervous System Drugs Advisory Committee (tetrabenazine, Prestwick Pharmaceuticals), Lehman Brothers Annual Technology Conference, Trades Ex-split: RSTI 2-1 Trades Ex-dividend: XL $0.38, TRV $0.29, OXY $0.25, POM $0.26, EQ $0.625, ATI $0.18
Earnings
Before the Open: ALOG, CMN, CHINA, FLE, FLOW, GIL, HRB, HSOA, KFY, MDZ, MEI, MOV, PTMK, SMA, TTEC, TOL, TTC, UTIW After the Close: CHP, CAE, CMOS, CUB, ESL, HRLY, KKD, LQDT, NSM, OPTM, RVI, SWHC, SORC, SNPS, UNCA, PAY
 
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 1:05 PM

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