The Futures Trader's Destination for Over 25 Years

Open an Account
Call Us Free: 1-800-454-9572
Why Trade with Cannon?
  • USA
  • Canada
  • Mexico
  • United Kingdom
  • France
  • Italy
  • Spain
  • Germany
  • Australia
  • Netherlands
  • Romania
  • Belgium
  • Sweden
  • Czech Republic
  • Hungary
  • Switzerland
  • Austria
  • Portugal
  • Denmark
  • Greece
  • UAE
  • Israel
  • Jordan
  • Saudi Arabia
  • India
  • Argentina
  • Costa Rica
  • Peru
  • Chile
  • Brazil
  • China
  • Hong Kong
  • Japan
  • Russia
  • Thailand
  • South Korea
  • Taiwan
  • Philippines
  • Singapore
  • And Many More!
Countries We Accept Clients From | International Calls: 310-859-9572

Monthly Unemployment Reports due Tomorrow 8.05.2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 August 05, 2016

Hello Traders,

 Monthly unemployment numbers come out tomorrow at 8:30 EST. This is always a big report which moves many markets. many times we will see large sharp moves right before and right after the number so if you are trading around this time, be aware. Consider reducing trading size and cancelling any orders you need to before the report comes out.

Below is a screen shot of both mini SP and gold 1 minute charts from last months report – a picture is worth a 1000 words….:

Mini SP 1 Minute Charts

 Gold 1 Minute Charts

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 

Levels for 8.05.2016

Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2175.08 4784.50 18413 1227.40 96.42
Resistance 2 2169.67 4765.25 18375 1222.60 96.15
Resistance 1 2164.83 4753.50 18328 1217.20 95.93
Pivot 2159.42 4734.25 18290 1212.40 95.66
Support 1 2154.58 4722.50 18243 1207.00 95.44
Support 2 2149.17 4703.25 18205 1202.20 95.17
Support 3 2144.33 4691.50 18158 1196.80 94.95
Contract Aug. Gold Sept. Silver Sept. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1390.3 21.07 44.09 175 1/32 1.1216
Resistance 2 1380.8 20.81 43.08 174 13/32 1.1196
Resistance 1 1374.0 20.60 42.44 173 24/32 1.1173
Pivot 1364.5 20.34 41.43 173 4/32 1.1153
Support 1 1357.7 20.13 40.79 172 15/32 1.1131
Support 2 1348.2 19.87 39.78 171 27/32 1.1111
Support 3 1341.4 19.66 39.14 171 6/32 1.1088
Contract Dec. Corn Sept. Wheat Nov. Beans Dec. SoyMeal Sept. Nat Gas
Resistance 3 340.1 423.0 975.17 334.47 2.95
Resistance 2 338.2 418.8 971.08 332.13 2.92
Resistance 1 334.6 411.0 963.92 328.07 2.87
Pivot 332.7 406.8 959.83 325.73 2.84
Support 1 329.1 399.0 952.7 321.7 2.8
Support 2 327.2 394.8 948.58 319.33 2.77
Support 3 323.6 387.0 941.42 315.27 2.72

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

All times are Eastern time Zone (EST)

Date 4:06pm Currency Impact Detail Actual Forecast Previous Graph
FriAug 5  2:00am EUR
German Factory Orders m/m
0.5% 0.0%
2:45am EUR
French Trade Balance
-3.9B -2.8B
3:30am GBP
Halifax HPI m/m
-0.1% 1.3%
4:00am EUR
Italian Industrial Production m/m
0.3% -0.6%
8:30am USD
Average Hourly Earnings m/m
0.2% 0.1%
USD
Non-Farm Employment Change
180K 287K
USD
Unemployment Rate
4.8% 4.9%
USD
Trade Balance
-42.1B -41.1B
3:00pm USD
Consumer Credit m/m
15.5B 18.6B

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  

Comments are closed.

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading