02.06.13
Top Day Market News
Mortgage rates and oil inventories today. Yesterday saw a rebound in stocks after the first triple digit Dow loss for the year. Overnight, mixed markets, mixed results. Platinum is soaring on the fear of supply disruptions and South Africa and speculative activity. South Africa accounts for 73% of the worlds output. Palladium is also been pulled higher by this action. Oil is lower in front of this week’s supply numbers. Crude is trading at its lowest price in 13 days as it is discounted to London’s Brent oil. The trade is looking for an increase in crude and gasoline stockpiles at 1030. Anticipation is that oil inventories will rise to a seven week high. The dollar is stronger against most major foreign currencies including the EC and honesty dollar. This is a grain market negative and not particularly helpful to silver. With equities lower bonds trading upwards into resistance levels.
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Week of February 04 - February 08 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Feb 04 |
10:00 |
|
Dec |
|
3.0% |
2.4% |
0.0% |
|
|
|
Feb 05 |
10:00 |
|
Jan |
|
55.5 |
55.6 |
56.1 |
|
|
|
Feb 06 |
07:00 |
MBA Mortgage Index |
02/02 |
|
NA |
NA |
-8.1% |
|
|
|
Feb 06 |
10:30 |
Crude Inventories |
02/02 |
|
NA |
NA |
5.947M |
|
|
|
Feb 07 |
08:30 |
|
02/02 |
|
365K |
360K |
368K |
|
|
|
Feb 07 |
08:30 |
|
01/26 |
|
3200K |
3200K |
3198K |
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|
|
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Feb 07 |
08:30 |
|
Q4 |
|
-1.5% |
-1.2% |
2.9% |
|
|
Feb 07 |
08:30 |
|
Q4 |
|
3.0% |
2.4% |
-1.9% |
|
|
Feb 07 |
10:30 |
Natural Gas Inventories |
02/02 |
|
NA |
NA |
-194 bcf |
|
|
Feb 07 |
15:00 |
|
Dec |
|
$10.0B |
$11.9B |
$16.0B |
|
|
Feb 08 |
08:30 |
|
Dec |
|
-$42.5B |
-$45.4B |
- $48.7B |
|
|
Feb 08 |
10:00 |
|
Dec |
|
0.7% |
0.3% |
0.6% |
|
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 |
1489.50 |
1495.50 |
1495 |
1513 |
1505.0 0 |
1522.00 |
|
Mar Nasdaq |
U |
2697.75 |
2727 |
2719.25 |
2769.25 |
2774.7 5 |
2793.25 |
|
Mar Yen |
D |
105.59 |
106.75 |
105.66 |
108.25 |
109.86 |
111.87 |
|
Mar EC |
U |
133.02 |
134.83 |
134.99 |
136.39 |
137.60 |
138.96 |
|
Mar 10 Year |
D |
130.13 |
130.24 |
131.03 |
131.18 |
131.21 |
132.06 |
|
Mar 30 Year |
D |
141.05 |
142.02 |
142.10 |
143.16 |
144.01 |
145.06 |
|
Mar Soybeans |
U |
14.13 |
14.43 |
14.71 |
15.02 |
14.95 |
15.16 |
|
Mar Corn |
D |
7.064 |
7.21 |
7.184 |
7.34 |
7.48 |
7.61 |
|
April Gold |
D |
1637 |
1652 |
1664 |
1684 |
1684 |
1700.7 |
|
Mar Silver |
D |
33.07 |
30.95 |
31.62 |
32.12 |
32.50 |
33.18 |
|
Mar Copper |
U |
359 |
368 |
374 |
378 |
383 |
387 |
|
Mar Crude |
U |
94.37 |
95.97 |
95.38 |
97.17 |
98.74 |
99.870 |
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