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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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Winter storm hits Wall Street.


1.03.2013

Top Day Recommendations

For the second week in a row we get the oil supply/demand figures from the EIA on Friday (as opposed to the usual Wednesday release) because of the New Years holiday falling on a Wednesday. Crude has rolled over technically so expect sellers into strength. Below is a weekly chart and recent price action is sending the market back into a horizontal band.

The Yen was higher on risk aversion and was being lifted by negative performances by the Yen crosses against the major currencies. The Commitment of Traders report showed that small speculative traders were the most short the Yen since mid 2007 which only provides a pool of buyers on short covering when the currency advances.

Many traders will work remotely on Friday as a winter storm hits Wall Street with snow and gusting winds.


 

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

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

1818.50

1837.50

1845

1859

Mar Nasdaq

U

3519

3545

3548

3570

3591

3612

Mar Yen

U

94.21

94.99

95.04

96.18

96.00

96.87

Mar EC

PRD(D)

135.21

136.27

136.12

137.09

138.66

139.99

Mar 10 Year Note

D

122.08

122.31

122.29

123.13

123.17

124.03

Mar 30 Year Bond

D

125.30

127.03

128.01

129.00

130.13

132.18

Mar Soybean

PRD(D)

12.81

12.97

12.57

12.87

13.34

13.55

Mar Corn

D

4.19

4.26

4.16

4.25

4.33

4.39

Feb Gold

U

1180.70

1196

1208.20

1247

1223

1234

March Silver

U

18.990

19.51

19.55

20.56

20.35

20.64

March Copper

U

325

331

334.50

341.20

343

348

Feb Crude

D

97.59

98.57

94.19

97.82

101.10

102.03