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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, December 13, 2007

Futures Trading levels and Economic reports for Dec. 14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Another crazy roll over day.....Volatile action on both sides of the market.
 
keep in mind we are trading the March contract, which is ESH8 on most trading softwares.
 
Have a good trading day Friday!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1527.67 2152.33 13832 787.50
Resistance 2 1514.43 2136.67 13723 781.00
Resistance 1 1506.47 2126.33 13662 776.50
Pivot 1493.23 2110.67 13553 770.00
Support 1 1485.27 2100.33 13492 765.50
Support 2 1472.03 2084.67 13383 759.00
Support 3 1464.07 2074.33 13322 754.50
         
Contract  Feb Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 832.77 1.4883 62.45 116 19/32
Resistance 2 824.13 1.4814 61.25 116  3/32
Resistance 1 814.07 1.4724 60.60 115  9/32
Pivot 805.43 1.4655 60.00 114 25/32
Support 1 795.37 1.4565 59.20 113 31/32
Support 2 786.73 1.4496 58.60 113 15/32
Support 3 776.67 1.4406 57.90 112 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, December 14, 2007


Economic
8:30am Nov CPI (last m/m 0.3%, y/y 3.5%, ex food and energy m/m 0.2%, y/y 2.2%), CPI NSA (last 208.936)
9:15am Nov Industrial Production (last –0.5%), Nov Capacity Utilization (last 81.7%)
Events
Windhover Information Inc Bohemian Medical Device Summit, Trades Ex-split: XTO 5-4 Trades Ex-dividend: PCAR $1.00, SNV $0.205, ALM $0.367, CPK $0.295
Earnings
Before the Open: RTK . After the Close: none seen
 
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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