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Futures Contracts: Crude Oil, Coffee & US Bonds 1 Min Charts 4.01.2016

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday April 1, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

Per my blog from yesterday about the last trading day of the month…I am including 3 charts, all are 1 minute charts for coffee, US bonds and crude oil futures….Take a look on what happened in the last 7-10 minutes….

Also tomorrow is monthly unemployment, please see quick paragraph below from our friends at TradeTheNews.com 

Friday, April 1st
US March Non-Farm Payroll Report 


 
Friday 08:30 EST /13:30GMT

 

(US) March Change in Non-farm Payrolls

(US) March Unemployment Rate
 


What the News Desk Says
March Nonfarm Payrolls are expected to notch another gain above 200K and the unemployment rate is expected to stay at 4.9% in Friday’s report. That would be consistent with Wednesday’s ADP Employment report which showed 200K job gains in March.
 
Last month’s payrolls report was headlined by a better than expected 242K net gain, but it was undercut by some concerning erosion in hourly earnings. There is no longer any question that US job growth is solid, but more evidence of wage stagnation could cause further delays in the Fed’s new tightening cycle... more 
 

Crude Oil Chart:

Crude Oil Chart

Coffee Chart:

Coffee Chart

US Bonds 1 minute chart:

US Bonds 1 minute chart

Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System

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.

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Futures Trading Levels

Contract June 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2072.08 4527.83 17754 1128.33 95.71
Resistance 2 2065.92 4511.67 17706 1121.57 95.36
Resistance 1 2059.58 4494.58 17659 1115.83 94.99
Pivot 2053.42 4478.42 17611 1109.07 94.64
Support 1 2047.08 4461.33 17564 1103.33 94.27
Support 2 2040.92 4445.17 17516 1096.57 93.92
Support 3 2034.58 4428.08 17469 1090.83 93.55
Contract June Gold May Silver May Crude Oil June Bonds June   Euro
Resistance 3 1259.5 15.94 40.40 166 18/32 1.1553
Resistance 2 1250.9 15.75 39.72 165 21/32 1.1496
Resistance 1 1242.3 15.59 38.93 165 4/32 1.1450
Pivot 1233.7 15.40 38.25 164 7/32 1.1392
Support 1 1225.1 15.24 37.46 163 22/32 1.1346
Support 2 1216.5 15.05 36.78 162 25/32 1.1289
Support 3 1207.9 14.89 35.99 162 8/32 1.1243
Contract May Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 383.1 497.8 935.83 280.90 2.22
Resistance 2 375.2 485.7 924.92 277.90 2.17
Resistance 1 363.3 479.6 917.83 274.10 2.12
Pivot 355.4 467.4 906.92 271.10 2.07
Support 1 343.6 461.3 899.8 267.3 2.0
Support 2 335.7 449.2 888.92 264.30 1.97
Support 3 323.8 443.1 881.83 260.50 1.92

Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:17pm Currency Impact Detail Actual Forecast Previous Graph
FriApr 1 2:00am GBP Nationwide HPI m/m 0.5% 0.3%
3:15am EUR Spanish Manufacturing PMI 53.8 54.1
3:45am EUR Italian Manufacturing PMI 52.6 52.2
3:50am EUR French Final Manufacturing PMI 49.6 49.6
3:55am EUR German Final Manufacturing PMI 50.4 50.4
4:00am EUR Final Manufacturing PMI 51.4 51.4
EUR Italian Monthly Unemployment Rate 11.5% 11.5%
4:30am GBP Manufacturing PMI 51.4 50.8
5:00am EUR Unemployment Rate 10.3% 10.3%
8:30am USD Average Hourly Earnings m/m 0.2% -0.1%
USD Non-Farm Employment Change 206K 242K
USD Unemployment Rate 4.9% 4.9%
9:45am USD Final Manufacturing PMI 51.5 51.4
10:00am USD ISM Manufacturing PMI 50.8 49.5
USD Revised UoM Consumer Sentiment 90.6 90.0
USD Construction Spending m/m 0.2% 1.5%
USD ISM Manufacturing Prices 44.5 38.5
USD Revised UoM Inflation Expectations 2.7%
All Day USD Total Vehicle Sales 17.6M 17.5M
12:00pm USD FOMC Member Mester Speaks

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.

Tags: > > > Posted in: Future Trading News   | Futures Trading  

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