{"id":3568,"date":"2012-05-07T19:08:23","date_gmt":"2012-05-08T03:08:23","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3568"},"modified":"2014-09-12T04:55:22","modified_gmt":"2014-09-12T12:55:22","slug":"monthly-unemployment-causes-big-market-moves-support-and-resistance","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/monthly-unemployment-causes-big-market-moves-support-and-resistance\/","title":{"rendered":"Monthly Unemployment Causes Big Market Moves | Support and Resistance"},"content":{"rendered":"

Jump to a section in this post:<\/span>
\n1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong>
\n3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Economic Reports for Monday May 7, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders,<\/p>\n

Monthly unemployment came out and as expected caused some big moves in major markets.<\/strong><\/p>\n

I sent an hourly and daily chart of the mini SP on Thursday afternoon and below you will see an updated daily chart of the mini SP after today’s big move.,<\/strong><\/p>\n

\"\"
\nAlso our weekly newsletter is now available for your viewing<\/a>.<\/strong><\/p>\n

<\/p>\n

GOOD TRADING!<\/p>\n

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.<\/small><\/p>\n

<\/a>2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract (June 2012)<\/td>\nSP500
\n(big & Mini)<\/td>\n		Nasdaq100
\n(big & Mini)<\/td>\n		Dow Jones
\n(big & Mini)<\/td>\n		Mini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1393.03<\/td>\n2712.33<\/td>\n13175<\/td>\n825.00<\/td>\n80.21<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1387.02<\/td>\n2695.67<\/td>\n13133<\/td>\n817.40<\/td>\n79.91<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1375.63<\/td>\n2662.83<\/td>\n13050<\/td>\n803.00<\/td>\n79.74<\/td>\n<\/tr>\n
Pivot<\/td>\n1369.62<\/td>\n2646.17<\/td>\n13008<\/td>\n795.40<\/td>\n79.44<\/td>\n<\/tr>\n
Support 1<\/td>\n1358.23<\/td>\n2613.33<\/td>\n12925<\/td>\n781.00<\/td>\n79.27<\/td>\n<\/tr>\n
Support 2<\/td>\n1352.22<\/td>\n2596.67<\/td>\n12883<\/td>\n773.40<\/td>\n78.97<\/td>\n<\/tr>\n
Support 3<\/td>\n1340.83<\/td>\n2563.83<\/td>\n12800<\/td>\n759.00<\/td>\n78.80<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nJune Gold<\/td>\nJune Euro<\/td>\nJune Crude Oil<\/td>\nJune Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1673.0<\/td>\n1.3255<\/td>\n106.91<\/td>\n145 20\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1660.5<\/td>\n1.3219<\/td>\n104.82<\/td>\n144 22\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1651.8<\/td>\n1.3155<\/td>\n101.70<\/td>\n144 7\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1639.3<\/td>\n1.3119<\/td>\n99.61<\/td>\n143 9\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1630.6<\/td>\n1.3055<\/td>\n96.49<\/td>\n142 26\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1618.1<\/td>\n1.3019<\/td>\n94.40<\/td>\n141 28\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1609.4<\/td>\n1.2955<\/td>\n91.28<\/td>\n141 13\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n651.1<\/td>\n632.8<\/td>\n1505.67<\/td>\n3131.7<\/td>\n<\/tr>\n
Resistance 2<\/td>\n638.4<\/td>\n625.2<\/td>\n1492.08<\/td>\n3089.8<\/td>\n<\/tr>\n
Resistance 1<\/td>\n629.3<\/td>\n617.3<\/td>\n1485.17<\/td>\n3061.7<\/td>\n<\/tr>\n
Pivot<\/td>\n616.7<\/td>\n609.7<\/td>\n1471.58<\/td>\n3019.8<\/td>\n<\/tr>\n
Support 1<\/td>\n607.6<\/td>\n601.8<\/td>\n1464.7<\/td>\n2991.7<\/td>\n<\/tr>\n
Support 2<\/td>\n594.9<\/td>\n594.2<\/td>\n1451.08<\/td>\n2949.8<\/td>\n<\/tr>\n
Support 3<\/td>\n585.8<\/td>\n586.3<\/td>\n1444.17<\/td>\n2921.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"
\n<\/a><\/p>\n

5. Economic Reports<\/h3>\n

4:30am EUR
\nSentix Investor Confidence
\n<\/strong><\/p>\n

6:00am EUR
\n<\/strong>German Factory Orders m\/m<\/strong><\/p>\n

3:00pm USD
\nConsumer Credit m\/m<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Jump to a section in this post: 1. Market Commentary 2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000 3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4. Support and Resistance Levels – Corn, Wheat, Beans, Silver 5. Economic Reports for Monday May 7, 2012   Hello Traders, Monthly […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67],"tags":[149,134,602],"class_list":["post-3568","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","tag-commodity-futures-broker","tag-futures-trading-brokers","tag-futures-trading-online"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=3568"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3568\/revisions"}],"predecessor-version":[{"id":5491,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3568\/revisions\/5491"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}