Futures Trading Levels & Reports for April 6th 2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Three Things to Keep in Mind for Friday’s Employment Report:
- Overall pace of U.S. hiring has eased to 1.4-1.6% from 2.2% in 2014
- Average hourly earnings grew by 2.6% yearly since 2016 from 2% 2010 through 2015
- Does Fed’s current tightening cycle reflect concern over asset prices?
- Unemployment might be within 0.3-0.6% of hitting bottom at around 3.5-3.8%
Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Futures Trading Levels
4-06-2018
| Contract June 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2767.75 | 6964.58 | 25490 | 1606.23 | 8022.34 |
| Resistance 2 | 2708.75 | 6778.17 | 24884 | 1571.87 | 7728.95 |
| Resistance 1 | 2677.50 | 6679.58 | 24574 | 1553.03 | 7310.77 |
| Pivot | 2618.50 | 6493.17 | 23968 | 1518.67 | 7017.38 |
| Support 1 | 2587.25 | 6394.58 | 23658 | 1499.83 | 6599.20 |
| Support 2 | 2528.25 | 6208.17 | 23052 | 1465.47 | 6305.81 |
| Support 3 | 2497.00 | 6109.58 | 22742 | 1446.63 | 5887.63 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1365.4 | 16.76 | 65.68 | 147 6/32 | 1.2437 |
| Resistance 2 | 1358.9 | 16.64 | 64.66 | 146 28/32 | 1.2410 |
| Resistance 1 | 1348.1 | 16.46 | 64.10 | 146 6/32 | 1.2378 |
| Pivot | 1341.6 | 16.34 | 63.08 | 145 28/32 | 1.2351 |
| Support 1 | 1330.8 | 16.17 | 62.52 | 145 6/32 | 1.2319 |
| Support 2 | 1324.3 | 16.05 | 61.50 | 144 28/32 | 1.2292 |
| Support 3 | 1313.5 | 15.87 | 60.94 | 144 6/32 | 1.2260 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May Nat Gas |
| Resistance 3 | 395.4 | 469.7 | 1061.58 | 409.27 | 2.82 |
| Resistance 2 | 390.8 | 464.6 | 1041.92 | 396.53 | 2.78 |
| Resistance 1 | 385.9 | 460.2 | 1028.58 | 389.17 | 2.74 |
| Pivot | 381.3 | 455.1 | 1008.92 | 376.43 | 2.71 |
| Support 1 | 376.4 | 450.7 | 995.6 | 369.1 | 2.7 |
| Support 2 | 371.8 | 445.6 | 975.92 | 356.33 | 2.64 |
| Support 3 | 366.9 | 441.2 | 962.58 | 348.97 | 2.60 |
Economic Reports, source:
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 here in 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 judgement in trading.
