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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Markets are moving big on this first trading day of the year

1.02.14

Top Day Market News

Globex currencies, stock index futures and bonds didn’t trade last night. Gold and silver did and it was wild, prices no doubt effected by thin trading conditions. After trading to outside support of approximately 1181 on Friday, Gold was threatening to test overhead resistance at 1232 by Thursday morning. (see chart below).  The updates on technical levels below have only been updated for gold, silver, copper and crude as the other markets were closed last night.

Asian stocks were lower after Chinese manufacturing contracted. Gold’s low on Tuesday was partially due to the liquidation of 4,000 contracts seemingly from one source which at one point sent prices lower by $9 in one minute. Gold’s loss last year of 28% was the biggest yearly decline since 1981. Physical demand emerged below $1200.00

As US players return from New Year’s celebrations, the Northeast US braces for a winter storm to hit the region on Thursday night into Friday morning to be accompanied by freezing cold temperatures.

Today’s economic calendar will provide another gauge of job creation in the US with weekly unemployment claims. It’s good to remember tat this number will be seasonally effected by the holidays, however. Also, there’s the Institute for Supply Management at 10 am.


 

Week of December 30 - January 03

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Dec 30

10:00

Pending Home Sales

Nov

 

-1.0%

1.5%

-0.6%

 

Dec 31

09:00

Case-Shiller 20-city Index

Oct

 

14.0%

13.8%

13.3%

 

Dec 31

09:45

Chicago PMI

Dec

 

60.0

60.0

63.0

 

Dec 31

10:00

Consumer  Confidence

Dec

 

73.4

77.1

70.4

 

Jan 02

08:30

Initial Claims

12/28

 

340K

333K

338K

 

Jan 02

08:30

Continuing Claims

12/21

 

2875K

2875K

2923K

 

Jan 02

10:00

Construction  Spending

Nov

 

0.5%

0.8%

0.8%

 

Jan 02

10:00

ISM Index

Dec

 

56.7

56.9

57.3

 

Jan 02

10:30

Natural Gas Inventories

12/28

 

NA

NA

177 bcf

 

                   

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jan 03

11:00

Crude Inventories

12/28

 

NA

NA

- 4.731M

 

Jan 03

14:00

Auto Sales

Dec

 

NA

NA

5.7M

 

Jan 03

14:00

Truck Sales

Dec

 

NA

NA

7.1M

 

 


 

MARKET PLACE

 

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

 

Legend U is Up

D is Down

PRD is Potential Reversal Day S2 is Weekly strong support S1 is Weekly good support DS is Daily Support

DR is Daily Resistance

R1 is Weekly Good Resistance and is calculated once a week on Sunday night

R2 is Weekly Strong Resistance and is calculated once a week on Sunday night

Levels are for the most active futures contract

 

Daily Support and Resistance

 

 

Trend

WS2

WS1

DS

DR

WR1

WR2

Mar ES

U

1808

1822

1832

1837

1845

1859

Mar Nasdaq

U

3519

3545

3556

3574

3591

3612

Mar Yen

U

94.21

94.99

94.94

95.53

96.00

96.87

Mar EC

U

135.21

136.27

137.47

138.38

138.66

139.99

Mar 10 Year Note

D

122.08

122.31

122.30

123.12

123.17

124.03

Mar 30 Year Bond

D

125.30

127.03

128.08

129.04

130.13

132.18

Mar Soybean

U

12.81

12.97

13.00

13.11

13.34

13.55

Mar Corn

U

4.19

4.26

4.205

4.25

4.33

4.39

Feb Gold

U

1180.70

1196

1186.00

1232.50

1223

1234

March Silver

D

18.990

19.51

18.82

20.42

20.35

20.64

March Copper

U

325

331

337.50

343.20

343

348

Feb Crude

D

97.59

98.57

98.10

99.34

101.10

102.03