NFP - Non Farm Payrolls Tomorrow +Futures Trading Levels for 01.05.24 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

NFP – Non Farm Payrolls Tomorrow +Futures Trading Levels for 01.05.24

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Big NFP / unemployment report tomorrow an hour before the stock market opens.

This is a market moving report and indices, bonds, currencies, metals and other markets will see some large swings.

I personally like to be out before the report, wait a few minutes for the zig zag to relax and then look to re-enter.

Intraday day chart of the NQ from last month below for your review! Dec. 8th NFP report.

Over 100 points move in less than a minute!! that is approx. $2,000 per one contract of the NQ ( against you or in your favor…)

Emini Nasdaq 1 minute Chart

Emini Nasdaq 1 minute Chart

 

 

 

 

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 when it comes to Futures Trading.

Futures Trading Levels

01-05-2024

 

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Economic Reports,

Source: 

Forexfactory.com

 

 

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.

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Posted in: Charts & Indicators   | Commodity Brokers   | Commodity Trading   | Day Trading   | E-Mini Futures   | Future Trading News   | Futures Broker   | Futures Trading   | Index Futures   | Nasdaq  

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