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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, December 14, 2007

Futures Trading levels and Economic reports for Dec. 17th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Another day where the market tried to rally but it seems the pressure has shifted to the down side.
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1511.93 2142.83 13708 784.63
Resistance 2 1505.07 2132.42 13650 779.07
Resistance 1 1492.03 2112.83 13542 767.93
Pivot 1485.17 2102.42 13484 762.37
Support 1 1472.13 2082.83 13376 751.23
Support 2 1465.27 2072.42 13318 745.67
Support 3 1452.23 2052.83 13210 734.53
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 809.93 1.4837 95.71 114 25/32
Resistance 2 805.47 1.4752 94.54 114 16/32
Resistance 1 801.73 1.4593 92.93 114  5/32
Pivot 797.27 1.4508 91.76 113 28/32
Support 1 793.53 1.4349 90.15 113 17/32
Support 2 789.07 1.4264 88.98 113  8/32
Support 3 785.33 1.4105 87.37 112 29/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, December 17, 2007


Economic
8:30 Q3 Current Account Balance (last-$190.8B), Dec Empire Manufacturing (last 27.4)
9:00 Oct Net Long-Term TIC flows (last $26.4B), Total Net TIC Flows (last -$14.7B)
1:00 NAHB Housing Market Index (last 19)
Events
Trades Ex-split: DNR 2:1. Trades Ex-dividend: AINV $0.52, PRK $0.94. SPAR analyst meeting. CA analyst meeting.
Earnings
Before the Open: None. After the Close: ADBE.
 
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 1:09 PM

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