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Monthly Unemployment Figures Released Tomorrow 5.06.2016

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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 May 6, 2016

Hello Traders,

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

Voted #1 futures trading blog!

Greetings!

Non Farm Payroll also known as Monthly unemployment figures will be released tomorrow before the cash open ( 5:30 Am pacific time or 7:30 Am central time).

This is a market moving report and my guess is that stocks, bonds, metals and energies will have some wild swings as traders try to position themselves based on the data released.

Bonds weekly chart for your review:
Bonds Weekly Chart
mini SP 500 weekly chart for your review:

 Mini SP 500 Weekly Chart

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels  

Contract June 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2077.33 4382.33 17811 1129.97 94.70
Resistance 2 2068.67 4362.42 17747 1124.33 94.28
Resistance 1 2056.83 4332.33 17665 1114.97 94.01
Pivot 2048.17 4312.42 17601 1109.33 93.59
Support 1 2036.33 4282.33 17519 1099.97 93.32
Support 2 2027.67 4262.42 17455 1094.33 92.90
Support 3 2015.83 4232.33 17373 1084.97 92.63
Contract June Gold July Silver June Crude Oil June Bonds June   Euro
Resistance 3 1305.8 18.02 47.73 167 19/32 1.1590
Resistance 2 1297.1 17.85 46.90 166 20/32 1.1548
Resistance 1 1288.0 17.62 45.62 166 3/32 1.1481
Pivot 1279.3 17.45 44.79 165 4/32 1.1440
Support 1 1270.2 17.22 43.51 164 19/32 1.1373
Support 2 1261.5 17.05 42.68 163 20/32 1.1331
Support 3 1252.4 16.82 41.40 163 3/32 1.1264
Contract July Corn July Wheat July Beans July SoyMeal June Nat Gas
Resistance 3 384.6 479.4 1072.33 359.70 2.27
Resistance 2 381.4 475.6 1059.92 354.80 2.22
Resistance 1 377.6 469.4 1036.08 345.80 2.15
Pivot 374.4 465.6 1023.67 340.90 2.11
Support 1 370.6 459.4 999.8 331.9 2.0
Support 2 367.4 455.6 987.42 327.00 2.00
Support 3 363.6 449.4 963.58 318.00 1.93

Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:48pm Currency Impact Detail Actual Forecast Previous Graph
FriMay 6 4:10am EUR Retail PMI 49.2
8:30am USD Average Hourly Earnings m/m 0.3% 0.3%
USD Non-Farm Employment Change 203K 215K
USD Unemployment Rate 5.0% 5.0%
3:00pm USD Consumer Credit m/m 16.1B 17.2B

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  

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