Free $25 Commodity Investor Kit

Includes : Charts, Market Information, Informative News Articles, Market Alerts, Exchange Brochures, Research, Managed Futures Information, and much more!!

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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Today is the calm before the storm.

1.09.2013

Top Day Market News

Today is the calm before the storm otherwise known as Friday’s unemployment report. The release of the FOMC minutes was instructive as they stated that further stimulus to the US economy was not warranted and even potentially harmful. This is a significant shift in sentiment from the Fed as it transits from Bernanke to Yellen. It sets a bullish backdrop to dollar trading. The tone of these notes was almost hawkish. The ADP number came in stronger than expected and many added upwards of 50K to their job creation estimate on Friday.

Bank pf England and the ECB decide rates on Thursday. The Canadian dollar continues to grind lower, to a fresh 3 year low.

Since the end of December crude is down 8.4%. Retracements can be used to short

 

 

Week of January 06 - January 10

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jan 06

10:00

Factory Orders

Nov

 

2.0%

1.7%

-0.9%

 

Jan 06

10:00

ISM Services

Dec

 

53.0

54.6

53.9

 

Jan 07

08:30

Trade Balance

Nov

 

-$41.5B

-$40.4B

-$40.6B

 

Jan 08

07:00

MBA Mortgage Index

01/04

 

NA

NA

NA

 

Jan 08

08:15

ADP Employment Change

Dec

 

185K

203K

215K

 

Jan 08

10:30

Crude Inventories

01/04

 

NA

NA

- 7.007M

 

Jan 08

14:00

FOMC Minutes

12/18

 

 

 

 

 

                   

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jan 08

15:00

Consumer Credit

Nov

 

$15.0B

$15.2B

$18.2B

 

Jan 09

07:30

Challenger Job Cuts

Dec

 

NA

NA

-20.6%

 

Jan 09

08:30

Initial Claims

01/04

 

340K

338K

NA

 

Jan 09

08:30

Continuing Claims

12/28

 

2875K

2875K

NA

 

Jan 09

10:30

Natural Gas Inventories

01/04

 

NA

NA

-97 bcf

 

Jan 10

08:30

Nonfarm Payrolls

Dec

 

185K

197K

203K

 

Jan 10

08:30

Nonfarm Private  Payrolls

Dec

 

200K

198K

196K

 

Jan 10

08:30

Unemployment Rate

Dec

 

7.1%

7.0%

7.0%

 

Jan 10

08:30

Hourly Earnings

Dec

 

0.2%

0.2%

0.2%

 

Jan 10

08:30

Average Workweek

Dec

 

34.5

34.5

34.5

 

Jan 10

10:00

Wholesale Inventories

Nov

 

-0.2%

0.2%

1.4%

 


 

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

PRD(U)

1804

1813

1827

1836

1839

1850

Mar Nasdaq

PRD(U)

3443

2507

3549

3574

3574

3618

Mar Yen

PRD(D)

94.26

94.92

95.19

95.64

96.18

96.78

Mar EC

D

134.29

135.13

135.44

136.26

137.50

139.03

Mar 10 Year Note

U

122.15

122.26

122.27

123.15

123.14

123.23

Mar 30 Year Bond

U

127.05

127.25

128.11

129.08

129.03

129.21

Mar Soybean

PRD(D)

12.29

12.50

12.65

12.77

13.04

13.36

Mar Corn

D

4.12

4.17

4.11

4.24

4.28

4.32

Feb Gold

PRD(D)

1161

1199

1218.20

1242

1257

1277

March Silver

D

18.04

19.69

19.27

19.83

20.81

21.48

March Copper

U

329

333

332

336

340

345

Feb Crude

D

90.00

91.72

91.61

93.58

99.28

103.13