Daily Support & Resistance Levels

This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.

August 6, 2026
Trading Guide

NFP July Tomorrow – Your Important Guide for Trading Futures on August 7th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec. (#GC)

4234.33 4269.97 4316.83 4352.47 4399.33

Silver (SI)

— Sept. (#SI)

59.93 60.94 62.13 63.14 64.33

Crude Oil (CL)

— Sept. (#CL)

73.12 75.43 76.88 79.19 80.64

 Sept. Bonds (ZB)

— Sept. (#ZB)

108 23/32 109 4/32 109 21/32 110 2/32 110 19/32

NFP Expectations

nfp

Updated: August 6, 2026 12:20 pm

US July Non-Farm Payrolls (NFP) data will be released Friday morning at 7:30 am CT. Economists are forecasting non-farm payrolls +85,000 compared to June’s +57,000. The July jobless rate is expected at 4.3%. Average hourly earnings are expected up +0.3% month over month, up +3.5% year over year.

What markets will the report affect? what strategies should one use? reach out for a free 15 minutes consultation with a seasoned series 3 broker!

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Trading Signals on Trading View – FREE Trial

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September Feeder Cattle

September Feeder Cattle satisfied the second downside PriceCount objective last month and are correcting lower. At this point, if the chart can resume its break with new sustained lows, the third count would project a possible slide to the 319.88 area. A trade below the December reactionary low would formally negate the remaining unmet upside counts.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for August 7th

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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

·    Current price and daily % change

·    30‑day and 52‑week highs/lows

·    PROPRIETARY Short‑term and long‑term trend signals

·    Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

 Built for speed. Backed by insight. Powered by CQG.

Daily Levels for August 7th, 2026

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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.

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