Commodity Trading Levels for October 5th 2010

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:

Commodity Futures Trading Charts

Commodity Futures Trading Charts



Futures Trading Levels

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:

Tuesday, October 5th 2010 –

  • ICSC-Goldman Store Sales
    7:45 AM ET
  • Redbook
    8:55 AM ET
  • ISM Non-Mfg Index
    10:00 AM ET
  • 4-Week Bill Auction
    11:30 AM ET

Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures 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!


Tags: > > > > > > > > Posted in: Commodity Trading   | Energy Futures   | Financial Futures   | Future Trading News   | Futures Trading   | Grain Futures   | Index Futures   | Metal Futures   | Options Trading  

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