Monthly Unemployment Numbers Tomorrow | Support and Resistance Levels

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday May 4, 2012

 

Hello Traders,

Monthly unemployment tomorrow is sure to move the market. Big question is which way and how big of a move…I wish I knew.

Be careful, moves can be quite volatile so make sure you know you risk before you “simply” decide to get in!

Below you will see the daily chart for the mini SP 500 , followed by the hourly chart for the mini SP 500 in hopes it will assist you with trading levels and direction.

DAILY CHART of MINI SP 500

 

HOURLY CHART OF MINI SP 500

 

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.

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (June 2012) SP500
(big & Mini)
Nasdaq100
(big & Mini)
Dow Jones
(big & Mini)
Mini Russell Dollar Index
Resistance 3 1409.57 2765.67 13307 832.03 79.89
Resistance 2 1404.28 2750.33 13263 825.27 79.71
Resistance 1 1395.27 2724.67 13207 814.23 79.50
Pivot 1389.98 2709.33 13163 807.47 79.33
Support 1 1380.97 2683.67 13107 796.43 79.12
Support 2 1375.68 2668.33 13063 789.67 78.94
Support 3 1366.67 2642.67 13007 778.63 78.73

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

142 14/32

Contract June Gold June Euro June Crude Oil June Bonds
Resistance 3 1673.2 1.3275 107.64 143 28/32
Resistance 2 1663.8 1.3229 106.53 143 14/32
Resistance 1 1650.2 1.3189 104.58 143 5/32
Pivot 1640.8 1.3143 103.47 142 23/32
Support 1 1627.2 1.3103 101.52 142 14/32
Support 2 1617.8 1.3057 100.41 142
Support 3 1604.2 1.3017 98.46 141 23/32

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract July Corn July Wheat July Beans July Silver
Resistance 3 627.2 619.7 1502.67 3145.2
Resistance 2 621.8 618.8 1493.83 3106.3
Resistance 1 618.2 617.2 1483.67 3061.2
Pivot 612.8 616.3 1474.83 3022.3
Support 1 609.2 614.7 1464.7 2977.2
Support 2 603.8 613.8 1455.83 2938.3
Support 3 600.2 612.2 1445.67 2893.2


5. Economic Reports

4:00am EUR
Final Services PMI

5:00am EUR
Retail Sales m/m

8:30am USD
Non-Farm Employment Change

8:30am USD
Unemployment Rate

8:30am USD
Average  Hourly Earnings m/m

11:25am USD
FOMC Member Williams Speaks

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

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