Apple Inc NASDAQ:AAPL is trading lower again in the Wall St premarket and will follow the market lower after a worse than expected jobs number.

The jobs data come six months before Americans head to the polls to either re-elect President Barack Obama or choose Republican Mitt Romney, who has said White House policies have done little to help U.S. workers.

The unemployment rate was forecast to hold at 8.2 percent, according to the survey median. Estimates in the Bloomberg survey ranged from 8.1 percent to 8.3 percent. Unemployment has exceeded 8 percent since February 2009, the longest such stretch since monthly records began in 1948.

The participation rate, which indicates the share of working-age people in the labor force, fell to 63.6 percent, the lowest since December 1981, from 63.8 percent.

Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 rise in March that was more than initially estimated, Labor Department figures showed today in Washington.

A slowdown in hiring as corporate optimism cools may restrain the wage growth needed to fuel consumer spending, which accounts for about 70 percent of the economy. Federal Reserve policy makers view unemployment as elevated and plan to hold borrowing costs low through late 2014 and beyond according to researchers at www.livetradingnews.com.

Crude Oil (Jun 12) intraday: the downside prevails.

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Pivot: 102.40
Our Preference: SHORT positions below 102.4 with targets @ 100.2 & 100.
Alternative scenario: The upside breakout of 102.4 will open the way to 103.05 & 103.75.
Comment: the RSI is bearish and calls for further downside.

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Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced width=1


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GOLD (Spot) intraday: the downside prevails.

/Pivot: 1637.00
Our Preference: SHORT positions below 1637 with 1623 & 1620 in sight.
Alternative scenario: The upside penetration of 1637 will call for a rebound towards 1643.5 & 1648.5.
Comment: as long as 1637 is resistance, likely decline to 1623.

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Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced


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EUR/USD intraday: under pressure.

/Pivot: 1.3175
Our preference: Short positions below 1.3175 with targets @ 1.312 & 1.31 in extension.
Alternative scenario: Above 1.3175 look for further upside with 1.3205 & 1.3245 as targets.
Comment: the pair remains on the downside and is challenging its support, the RSI is badly directed.

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Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced


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GBP/USD intraday: under pressure.

/Pivot: 1.6215
Our preference: Short positions below 1.6215 with targets @ 1.6155 & 1.613 in extension.
Alternative scenario: Above 1.6215 look for further upside with 1.624 & 1.6275 as targets.
Comment: the pair is under pressure and is approaching its support.

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Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced


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USD/CAD intraday: bullish bias above 0.987.

/Pivot: 0.987
Our preference: Long positions above 0.987 with targets @ 0.99 & 0.9925 in extension.
Alternative scenario: Below 0.987 look for further downside with 0.9845 & 0.9825 as targets.
Comment: the RSI is mixed with a bullish bias.

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Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced


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USD/JPY intraday: bullish bias above 79.95.

/Pivot: 79.95
Our preference: Long positions above 79.95 with targets @ 80.5 & 80.7 in extension.
Alternative scenario: Below 79.95 look for further downside with 79.6 & 79.3 as targets.
Comment: the pair stands above its support as the RSI is turning up.

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Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced


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AUD/USD intraday: under pressure.

/Pivot: 1.028
Our preference: Short @ 1.0245 with targets @ 1.021 & 1.018 in extension.
Alternative scenario: Above 1.028 look for further upside with 1.0315 & 1.0335 as targets.
Comment: the pair stands below its new resistance and is approaching its previous low.

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Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced


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USD/CHF intraday: the upside prevails.

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Pivot: 0.9115
Our preference: Long positions above 0.9115 with targets @ 0.9155 & 0.917 in extension.
Alternative scenario: Below 0.9115 look for further downside with 0.9095 & 0.907 as targets.
Comment: the RSI is well directed, the pair is on the upside and should post further advance towards its previous high.

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Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service