1.21.2013
Top Day Market News
US calendar continues to be light on the other side of the market holiday Monday. The market did receive some news about German consumer confidence which came in less than expected at 61.7 versus an expected 64.00 while the ZEW (The Eurozone consumer confidence) came in at 73.3 versus an expected 68.3.
As mentioned previously, the Canadian dollar continues to trade aggressively lower and hit today’s outside support (see chart below) and Crude oil may reverse intermediate trend with a higher close today. Eurozone confidence numbers may help support this reversal along with the psycho boost from the expected snow storm and falling temps today in New York City.
First the Canadian dollar on a 15 minute chart.
Now the crude oil on a 15 minute chart.
Week of January 20 - January 24
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jan 22 |
07:00 |
MBA Mortgage Index |
01/18 |
|
NA |
NA |
11.9% |
|
|
Jan 23 |
08:30 |
Initial Claims |
01/18 |
|
330K |
327K |
326K |
|
|
Jan 23 |
08:30 |
Continuing Claims |
01/11 |
|
2900K |
2900K |
3030K |
|
|
Jan 23 |
09:00 |
FHFA Housing Price Index |
Nov |
|
NA |
NA |
0.5% |
|
|
Jan 23 |
10:00 |
Existing Home Sales |
Dec |
|
4.87M |
4.90M |
4.90M |
|
|
Jan 23 |
10:00 |
Leading Indicators |
Dec |
|
0.1% |
0.2% |
0.8% |
|
|
Jan 23 |
10:30 |
Natural Gas Inventories |
01/18 |
|
NA |
NA |
-287bcf |
|
|
Jan 23 |
11:00 |
Crude Inventories |
01/18 |
|
NA |
NA |
- 7.658M |
|
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(D) |
1793 |
1813 |
1828 |
1848 |
1849 |
1865 |
|
Mar Nasdaq |
D |
3445 |
3514 |
3569.50 |
3604 |
3652 |
3680 |
|
Mar Yen |
U |
94.23 |
95.06 |
95.60 |
96.01 |
96.99 |
98.08 |
|
Mar EC |
U |
133.95 |
134.62 |
134.89 |
135.94 |
136.47 |
137.66 |
|
Mar 10 Year Note |
U |
12.12 |
123.28 |
124.05 |
124.18 |
124.25 |
125.13 |
|
Mar 30 Year Bond |
U |
129.18 |
130.14 |
130.17 |
131.19 |
131.27 |
132.12 |
|
Mar Soybean |
U |
124.49 |
12.64 |
13.00 |
13.21 |
12.95 |
13.11 |
|
Mar Corn |
D |
3.97 |
4.15 |
4.19 |
4.27 |
4.41 |
4.50 |
|
Feb Gold |
D |
1225 |
1239.5 |
1241 |
1258 |
1261 |
1269 |
|
March Silver |
D |
18.53 |
19.92 |
19.76 |
20.49 |
20.68 |
21.65 |
|
March Copper |
U |
327 |
330 |
330.75 |
336 |
337 |
340 |
|
Feb Crude |
PRD(U) |
90.25 |
92.20 |
94.07 |
95.08 |
95.69 |
97.09 |
|
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