Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Not an easy market to read right now in my opinion.
It is showing signs like it would like to visit some lower levels, yet there is enough buying interest to keep it above 1127.
This Friday monthly unemployment levels will be watched closely.
If the market breaks below 1127, it has a chance of picking some more speed to the downside.
On the flip side, bulls will need to see new highs in order to get back in control of price action.
Daily chart with some price levels to watch for your review below:
FUTURES TRADING LEVELS
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Tuesday, October 5th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
- ICSC-Goldman Store Sales
7:45 AM ET
8:55 AM ET
- ISM Non-Mfg Index
10:00 AM ET
- 4-Week Bill Auction
11:30 AM ET
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