{"id":6966,"date":"2014-05-01T12:42:31","date_gmt":"2014-05-01T20:42:31","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=6966"},"modified":"2017-06-13T05:56:51","modified_gmt":"2017-06-13T13:56:51","slug":"monthly-unemployment-s-tomorrow-futures-economic-reports-5-02-2014","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/monthly-unemployment-s-tomorrow-futures-economic-reports-5-02-2014\/","title":{"rendered":"Monthly Unemployment #s tomorrow & Futures Economic Reports 5.02.2014"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Friday May 2, 2014<\/a><\/strong>
\n<\/a>
\nHello Traders,<\/strong><\/p>\n

For 2014 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

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Voted #1 futures trading blog!\u00a0<\/a><\/div>\n<\/div>\n
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Monthly unemployment numbers tomorrow at 8:30 Am EST.<\/p>\n

Definitely a market mover news release.<\/p>\n

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For most traders, I recommend staying out, letting the smoke clear before trying to trade – unless you feel like being a gambler or your strategy is built around big news events.<\/p>\n

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Some more experienced and more capitalized traders will sometime try to “play” big news events by placing sell orders quite a bit above the market and placing buy orders quite a bit below the market, looking for the market to get out of “norm” and then return to balance. For me personally too much risk and the moves can be too fast but then again each of us is different in terms of trading personality, trading capital, trading experience\u00a0 and risk tolerance…..<\/p>\n

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Below is a 1 minute chart of the mini SP from the last monthly unemployment numbers as a reference. Was not as volatile as previous reports but still 11 full points of swings in the first few minutes of trading.<\/p>\n

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If you like the information we share?\u00a0We would appreciate your positive reviews on our new yelp!!<\/a><\/p>\n

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GOOD TRADING<\/strong><\/p>\n<\/div>\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.<\/p>\n

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Futures Trading Levels<\/a><\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract June 2014<\/td>\n\u00a0SP500 (big & Mini)<\/a><\/td>\nNasdaq100 (big & Mini)<\/a><\/td>\nDow Jones (big & Mini)<\/a><\/td>\nMini Russell<\/a><\/td>\nDollar Index<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1894.75<\/td>\n3639.67<\/td>\n16614<\/td>\n1157.17<\/td>\n79.76<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1888.75<\/td>\n3622.58<\/td>\n16575<\/td>\n1144.83<\/td>\n79.68<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1883.50<\/td>\n3604.67<\/td>\n16533<\/td>\n1134.37<\/td>\n79.63<\/td>\n<\/tr>\n
Pivot<\/td>\n1877.50<\/td>\n3587.58<\/td>\n16494<\/td>\n1122.03<\/td>\n79.56<\/td>\n<\/tr>\n
Support 1<\/td>\n1872.25<\/td>\n3569.67<\/td>\n16452<\/td>\n1111.57<\/td>\n79.51<\/td>\n<\/tr>\n
Support 2<\/td>\n1866.25<\/td>\n3552.58<\/td>\n16413<\/td>\n1099.23<\/td>\n79.43<\/td>\n<\/tr>\n
Support 3<\/td>\n1861.00<\/td>\n3534.67<\/td>\n16371<\/td>\n1088.77<\/td>\n79.38<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/a><\/td>\nJuly Silver<\/a><\/td>\nJune Crude Oil<\/a><\/td>\nJune Bonds\u00a0<\/a><\/td>\nJune Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1308.5<\/td>\n1987.0<\/td>\n101.10<\/td>\n137\u00a0\u00a07\/32<\/td>\n1.3907<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1300.8<\/td>\n1956.0<\/td>\n100.50<\/td>\n136 18\/32<\/td>\n1.3897<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1292.8<\/td>\n1930.5<\/td>\n99.95<\/td>\n136\u00a0\u00a02\/32<\/td>\n1.3881<\/td>\n<\/tr>\n
Pivot<\/td>\n1285.1<\/td>\n1899.5<\/td>\n99.35<\/td>\n135 13\/32<\/td>\n1.3871<\/td>\n<\/tr>\n
Support 1<\/td>\n1277.1<\/td>\n1874.0<\/td>\n98.80<\/td>\n134 29\/32<\/td>\n1.3855<\/td>\n<\/tr>\n
Support 2<\/td>\n1269.4<\/td>\n1843.0<\/td>\n98.20<\/td>\n134\u00a0\u00a08\/32<\/td>\n1.3845<\/td>\n<\/tr>\n
Support 3<\/td>\n1261.4<\/td>\n1817.5<\/td>\n97.65<\/td>\n133 24\/32<\/td>\n1.3829<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly Corn<\/a><\/td>\nJuly Wheat<\/a><\/td>\nJuly Beans<\/a><\/td>\nJuly SoyMeal<\/a><\/td>\nJuly bean Oil<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n522.9<\/td>\n718.0<\/td>\n1532.33<\/td>\n505.77<\/td>\n42.04<\/td>\n<\/tr>\n
Resistance 2<\/td>\n519.3<\/td>\n715.8<\/td>\n1517.67<\/td>\n499.63<\/td>\n41.85<\/td>\n<\/tr>\n
Resistance 1<\/td>\n513.2<\/td>\n711.5<\/td>\n1489.33<\/td>\n488.17<\/td>\n41.50<\/td>\n<\/tr>\n
Pivot<\/td>\n509.6<\/td>\n709.3<\/td>\n1474.67<\/td>\n482.03<\/td>\n41.31<\/td>\n<\/tr>\n
Support 1<\/td>\n503.4<\/td>\n705.0<\/td>\n1446.3<\/td>\n470.6<\/td>\n41.0<\/td>\n<\/tr>\n
Support 2<\/td>\n499.8<\/td>\n702.8<\/td>\n1431.67<\/td>\n464.43<\/td>\n40.77<\/td>\n<\/tr>\n
Support 3<\/td>\n493.7<\/td>\n698.5<\/td>\n1403.33<\/td>\n452.97<\/td>\n40.42<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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5. Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:07pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
FriMay 2<\/td>\n<\/a>\u00a03:15am<\/td>\nEUR<\/td>\n<\/td>\nSpanish Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n53.2<\/td>\n52.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:45am<\/td>\nEUR<\/td>\n<\/td>\nItalian Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n53.0<\/td>\n52.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nFinal Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n53.3<\/td>\n53.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nUnemployment Rate<\/td>\n<\/td>\n<\/td>\n11.9%<\/td>\n11.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nNon-Farm Employment Change<\/td>\n<\/td>\n<\/td>\n216K<\/td>\n192K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Rate<\/td>\n<\/td>\n<\/td>\n6.6%<\/td>\n6.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nAverage Hourly Earnings m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nFactory Orders m\/m<\/td>\n<\/td>\n<\/td>\n1.5%<\/td>\n1.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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 judgment in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Friday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[133,63,268,144],"class_list":["post-6966","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-future-brokers","tag-future-trading","tag-futures-trading-company","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6966","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=6966"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6966\/revisions"}],"predecessor-version":[{"id":12562,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6966\/revisions\/12562"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=6966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=6966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=6966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}