Futures Climb on Apple, Amgen Gains; Jobs Data Anticipated

Futures linked to major Wall Street indices rose on Friday, buoyed by positive corporate announcements from Apple and Amgen. Traders are now poised for the release of a critical jobs report, which is expected to provide more clarity on labor market conditions and the trajectory of interest rates.

Attention is turning towards the crucial Nonfarm Payrolls report for April, scheduled for release at 8:30 a.m. ET, which will offer further insights into labor demand within the U.S. economy and its implications for monetary policy.

Technically:
The price is currently positioned delicately due to the Non-Farm Payroll (NFP) release, which has introduced significant volatility. Anticipation of some bearish retesting is expected, followed by the commencement of an uptrend towards 38820.

Initially, as long as the price remains below 38565, it is poised to decline towards approximately 38320, after which a bullish trend may emerge, contingent on favorable news for indices.

Consequently, a breach above 38565 would indicate a continuation of the bullish trend, aiming for a target of 38820.

Pivot line: 38565
Resistance Prices: 38820, 39050, 39280
Support Prices: 38320, 38065, 37740

The movement range will be between support 38065 and Resistance 38990