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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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China may take action to halt inflationary pressures.

Market News

01.11.13

Top Day Recommendations

Trade Balance comes in at -48.78 billion against an expected -41.3 Billion on a holiday surge in imports. This does little to ripple the bond market but boosts the EC especially on crosses against the Yen as Japan approves 116 billion in stimulus. Crude may end with a negative weekly close as China may take action to halt inflationary pressures. Also, stocks for all three major components of the oil complex are at levels not seen since 1993. In addition to this, US production is expected to be up 900,000 barrels a day by year end 2013. It's difficult to see the eco engines of the world eating through this ample supply. Be focused on the weekly closes for these three components. Consider bearish option strategies should this unfold.


 

Week of January 07 - January 11

 

Date

 

ET

 

Release

 

For

Briefing.com Forecast

Briefing.com Consensus

 

Prior

 

Jan 08

 

15:00

 

Consumer Credit

 

Nov

 

$8.0B

 

$10.6B

 

$14.2B

 

Jan 09

 

07:00

 

MBA Mortgage Index

 

01/05

 

NA

 

NA

 

NA

 

Jan 09

 

10:30

 

Crude Inventories

 

01/05

 

NA

 

NA

 

-11.1M

 

Jan 10

 

08:30

 

Initial Claims

 

01/05

 

365K

 

366K

 

372K

 

Jan 10

 

08:30

 

Continuing Claims

 

12/29

 

3200K

 

3200K

 

3245K

 

Jan 10

 

10:00

 

Wholesale Inventories

 

Nov

 

0.2%

 

0.1%

 

0.6%

 

Jan 10

 

10:30

 

Natural Gas Inventories

 

01/05

 

NA

 

NA

- 135BCF

 

Jan 11

 

08:30

 

Trade Balance

Nov

-$45.0B

-$41.8B

-$42.2B

               

 

 

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 (Change of Trend) 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)

1350

1408

1457.5

1471.25

1487

1514

Mar Nasdaq


PRD(U)

2514

2614

2719

2749

2781

2847

Mar Yen


D

111.00

112.26

112.21

113.91

115.69

117.86

Mar EC


D

128.40

129.60

131.10

133.44

132.44

134.08

Mar 10 Year


U

129.30

130.23

131.17

131.30

132.21

133.26

Mar 30 Year


U

140.13

142.14

144.15

145.10

147.20

150.25

Mar Soybeans


D

13.07

13.37

13.65

13.90

14.16

14.65

Mar Corn


U

6.61

6.70

6.95

7.01

6.98

7.16

Feb Gold


D

1590.3

1624.1

1661.6

1686

1693.5

1729.00

Mar Silver


D

28.02

29.11

30.46

31.16

31.40

32.61

Mar Copper


D

350

360

367

372

377

385

Feb Crude


D

88.48

90.03

93.03

94.65

94.70

96.22

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