Trading Levels and Economic Reports for April 5, 2013 - Cannon Trading

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.

Trading Levels and Economic Reports for April 5, 2013


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 April 5, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Monthly unemployment report tomorrow or as we call it non farm payroll.


The report comes out at 7:30 AM central and is usually a market mover and increases volatility for the rest of the session.



Source Bureau of Labor Statistics (latest release)
Measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month;
Usual Effect Actual < Forecast = Good for currency;
Frequency Released monthly, usually on the first Friday after the month ends;
Next Release May 3, 2013
Why Traders
Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;
Also Called Jobless Rate;



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.


support and resistance levels




5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
FriApr 5 5:00am EUR Retail Sales m/m -0.3% 1.2%
EUR Final GDP q/q -0.6% -0.6%
6:00am EUR German Factory Orders m/m 1.2% -2.5%
8:30am USD Non-Farm Employment Change 198K 236K
USD Trade Balance -44.8B -44.4B
USD Unemployment Rate 7.7% 7.7%
USD Average Hourly Earnings m/m 0.2% 0.2%
3:00pm USD Consumer Credit m/m 15.5B 16.2B

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

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