01.24.13
Top Day Market News
When the International Monetary Fund cut global growth estimates yesterday the crude market fell precipitously. The other key to yesterday was the Apple miss. They just didn’t sell as many phones as Wall Street wanted them to and the stock was down 10% in the aftermarket.
Initial jobless claims came in at 330K, better than expected and this put slight pressure on rates. Oil inventory numbers out at 10:30, delayed by a day due to the holiday Monday. As for the American Petroleum Institute report stated that crude stocks rose by 3.2 million barrels, the largest increase in six weeks. Capacity on the Seaway Link form Chushing to the the Gulf was reduced and this was a negative factor as well.
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Week of January 21 - January 25 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jan 22 |
10:00 |
|
Dec |
|
5.10M |
5.10M |
5.04M |
|
|
|
Jan 23 |
07:00 |
MBA Mortgage Index |
01/19 |
|
NA |
NA |
15.2% |
|
|
|
Jan 23 |
09:00 |
FHFA Housing Price Index |
Nov |
|
NA |
NA |
0.5% |
|
|
|
Jan 24 |
08:30 |
|
01/19 |
|
365K |
355K |
335K |
|
|
|
Jan 24 |
08:30 |
|
01/12 |
|
3200K |
3200K |
3214K |
|
|
|
Jan 24 |
10:00 |
|
Dec |
|
0.5% |
0.5% |
-0.2% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jan 24 |
10:30 |
Natural Gas Inventories |
01/19 |
|
NA |
NA |
-148 bcf |
|
|
Jan 24 |
11:00 |
Crude Inventories |
01/19 |
|
NA |
NA |
- 0.951M |
|
|
Jan 25 |
10:00 |
|
Dec |
|
360K |
387K |
377K |
|
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
|
U |
1447 |
1463 |
1482 |
1492 |
1488 |
1496 |
|
Mar Nasdaq
|
U |
2664 |
2710 |
2711 |
2752 |
2766 |
2777 |
|
Mar Yen
|
U |
108.94 |
110.02 |
112.07 |
113.39 |
113.07 |
115.04 |
|
Mar EC
|
U |
131.82 |
132.53 |
132.76 |
133.67 |
134.04 |
134.84 |
|
Mar 10 Year
|
U |
131.09 |
131.23 |
132.04 |
132.19 |
132.16 |
132.28 |
|
Mar 30 Year
|
U |
144.03 |
144.31 |
145.23 |
146.20 |
146.20 |
147.13 |
|
Mar Soybeans
|
D |
13.46 |
13.87 |
14.16 |
14.52 |
14.59 |
14.89 |
|
Mar Corn
|
PRD(D) |
7.03 |
7.15 |
7.12 |
7.27 |
7.37 |
7.47 |
|
Feb Gold
|
U |
1642.3 |
1663.4 |
1677 |
1693 |
1701.7 |
1718.9 |
|
Mar Silver
|
U |
29.71 |
30.80 |
31.95 |
32.58 |
32.56 |
33.23 |
|
Mar Copper
|
U |
355 |
361 |
367 |
370 |
371 |
375 |
|
Feb Crude
|
U |
92.13 |
93.96 |
94.48 |
96.45 |
97.03 |
98.33 |
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