Unemployment Rate Friday October 8th to Give Market Direction

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.

Unemployment Rate Friday October 8th to Give Market Direction

Employment figures ( or lack of…) tomorrow will finally either push this market higher into a new range or send it back lower.

Some FIB levels to watch for in either case in the mini SP chart below.

E mini SP Chart

E mini SP Chart

GOOD TRADING!

FUTURES TRADING LEVELS

Futures Trading Levels

Futures Trading Levels

This Week’s Calendar from Econoday.Com
All reports are EST time

Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php

Friday, October 8th 2010 – http://mam.econoday.com/byweek.asp?cust=mam

  • Employment Situation
    8:30 AM ET
  • Wholesale Trade
    10:00 AM ET
  • Dan Tarullo Speaks
    2:25 PM ET

Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures 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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