Non Farm Payrolls Report + Aug 5th Futures Trading Levels - 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.

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Non Farm Payrolls Report + Aug 5th Futures Trading Levels

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The monthly unemployment report due tomorrow before the cash open.
NFP=Non Farm Payrolls AKA monthly employment rate AKA unemployment figures…..MARKET MOVING EVENT.
Stock index futures saw one of the choppiest price action in a few weeks ahead of the anticipated report.
Crude oil futures broker major support level today and price action at these levels will be watched closely.
Gold futures broke higher ahead of NFP and testing major resistance at 1819.
Strong bounce in the grain markets after a few days of lower price action.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

08-05-2022

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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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