Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 September 2, 2016
Unemployment report tomorrow!!
From our friends at TradeTheNews.com:
What the News Desk Says
Friday’s August payrolls report is expected to post about 185K net job additions, after outsized gains in June and July of 292K and 255K, respectively. Unemployment is expected to tick down one-tenth to 4.8%.
The conventional wisdom appears to be that another payroll report above 150K would leave the door open for a possible rate hike in September. Following the hawkish tone presented at the Jackson Hole symposium last week, Fed funds futures currently predict about a 25% chance of a rate hike at the September meeting. A worse than expected jobs report could push back rate tightening expectations to December… more
Labor Day is coming up, below you will see the main schedule.
Read full notice at:
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Levels for Trade Date of 9.02.2016
|Contract Sept. 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Dec. Silver||Oct. Crude Oil||Dec. Bonds||Sept. Euro|
|Resistance 3||1335.0||19.43||46.81||172 26/32||1.1313|
|Resistance 2||1326.8||19.21||45.94||171 27/32||1.1262|
|Resistance 1||1321.9||19.08||44.73||171 5/32||1.1235|
|Support 1||1308.8||18.74||42.65||169 16/32||1.1157|
|Support 2||1300.6||18.52||41.78||168 17/32||1.1106|
|Support 3||1295.7||18.39||40.57||167 27/32||1.1079|
|Contract||Dec. Corn||Dec. Wheat||Nov. Beans||Dec. SoyMeal||Oct. Nat Gas|
Spanish Unemployment Change
Average Hourly Earnings m/m
Non-Farm Employment Change
Factory Orders m/m