Monthly Unemployment Report Ahead + Trading Levels for June 1st

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
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 June 1, 2012

Hello Traders,

Heads up traders! front month for bonds, ten years and other financials is now September.

Front month for gold is August.

June is still front month for indices and currencies.

Monthly employment figures are out tomorrow at 8:30 Am Eastern Time! This is a market moving report, so be prepared!

May is officially behind us ( trading wise) and with the new trading month starting, I decided to share monthly chart of mini SP 500 below for your longer term overview.

May June be a trading month filled with patience and discipline!

Monthly chart of the mini S&P for your review below:

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, Dollar Index

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

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

5. Economic Reports

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

All times are Eastern time Zone (EST)

Fri Jun 1	3:45am	EUR		Italian Manufacturing PMI			43.5	43.8
	4:00am	EUR		Final Manufacturing PMI			45.0	45.0
	4:00am	EUR		Italian Monthly Unemployment Rate			9.9%	9.8%
	5:00am	EUR		Unemployment Rate			11.0%	10.9%
	8:30am	USD		Non-Farm Employment Change			151K	115K
	8:30am	USD		Unemployment Rate			8.1%	8.1%
	8:30am	USD		Average Hourly Earnings m/m			0.2%	0.0%
	8:30am	USD		Core PCE Price Index m/m			0.2%	0.2%
	8:30am	USD		Personal Spending m/m			0.3%	0.3%
	8:30am	USD		Personal Income m/m			0.4%	0.4%
	9:00am	USD		Final Manufacturing PMI				53.9
	10:00am	USD		ISM Manufacturing PMI			54.0	54.8
	10:00am	USD		Construction Spending m/m			0.4%	0.1%
	10:00am	USD		ISM Manufacturing Prices			57.1	61.0
	All Day	USD		Total Vehicle Sales			14.4M	14.4M

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 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