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

Resource Pages | Friend Pages

Stock market and crude bounce back.

1.28.2013

Top Day Recommendations

There was more unwinding of risk on Monday on carryover selling and margin liquidation from Friday’s rout. All in all, most markets did try to find equilibrium by day’s end with the exception of the NASDAQ which legged even lower after 4:30. Overnight, the British Pound continued to grind higher into that country’s release for Q4 GDP this morning. The US calendar is fairly full with durable goods and consumer confidence slated for release. The rest of the session will be spent watching for further signs of weakness/deterioration in emerging markets and positioning ahead of Wednesday’s FOMC rate decision. To offset a possible run on the rupee, India unexpectedly raised rates last night. Crude oil can reverse its intermediate trend to negative with a lower close on Tuesday. CAD traded nicely into resistance yesterday before heading lower.

 

Week of January 27 - January 31

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jan 27

10:00

New Home Sales

Dec

 

NA

NA

464K

 

Jan 28

08:30

Durable Orders

Dec

 

NA

NA

3.4%

3.5%

Jan 28

08:30

Durable Goods –ex  transportation

Dec

 

NA

NA

1.2%

 

Jan 28

09:00

Case-Shiller 20-city Index

Nov

 

NA

NA

13.6%

 

Jan 28

10:00

Consumer  Confidence

Jan

 

NA

NA

78.1

 

Jan 29

07:00

MBA Mortgage Index

01/25

 

NA

NA

4.7%

 

                   

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

 

 

 

 

 

 

 

 

 

Jan 29

10:30

Crude Inventories

01/25

 

NA

NA

0.990M

 

Jan 29

14:00

FOMC Rate Decision

Jan

 

NA

NA

0.25%

 

Jan 30

08:30

Initial Claims

01/25

 

NA

NA

326K

 

Jan 30

08:30

Continuing Claims

01/18

 

NA

NA

3056K

 

Jan 30

08:30

GDP-Adv.

Q4

 

NA

NA

4.1%

 

Jan 30

08:30

Chain Deflator-Adv.

Q4

 

NA

NA

2.0%

 

Jan 30

10:00

Pending Home Sales

Dec

 

NA

NA

0.2%

 

Jan 30

10:30

Natural Gas Inventories

01/25

 

NA

NA

-107

bcf

 

Jan 31

08:30

Personal Income

Dec

 

NA

NA

0.2%

 

Jan 31

08:30

Personal Spending

Dec

 

NA

NA

0.5%

 

Jan 31

08:30

PCE Prices - Core

Dec

 

NA

NA

0.1%

 

Jan 31

08:30

Employment Cost  Index

Q4

 

NA

NA

0.4%

 

Jan 31

09:45

Chicago PMI

Jan

 

NA

NA

60.8

59.1

Jan 31

09:55

Michigan Sentiment -  Final

Jan

 

NA

NA

80.4

 

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

D

1738

1758

1764.50

1789

1822

1865

Mar Nasdaq

D

3456

3491

3465

3842

3599

3671

Mar Yen

U

94.43

96.10

96.94

97.93

98.75

99.73

Mar

U

134.06

135.41

136.38

137.04

137.75

138.74

EC

 

 

 

 

 

 

 

Mar 10 Year Note

U

123.04

124.00

124.20

125.04

125.24

126.14

Mar 30 Year Bond

U

129.31

131.11

132.00

132.31

133.21

134.19

Mar Soybean

PRD(U)

12.36

12.60

12.80

12.94

13.11

13.37

Mar Corn

U

4.17

4.23

4.28

4.34

4.33

4.37

Feb Gold

D

1215.20

1242

1250.20

1278.0

1274

1300

March Silver

D

19.20

19.55

19.53

20.07

20.34

20.78

March Copper

D

319.60

323.00

324.50

327.90

332

339

Mar Crude

PRD(D

91.94

94.42

94.89

96.86

98.61

100.32