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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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United States continues to ramp up sanctions against Iran.

Market News

02.07.13

Top Day Market News

 

Initial and continuing claims, productivity numbers and unit labor costs today, all at the same locus: 8:30 am Initial claims came in at 366K, down from previous weeks 371K. Productivity was lower down 0.2% while unit labor costs were higher at 4.5%. These numbers have not exactly rattled the markets. The European Central Bank is holding a press conference currently so the market has at least one eye on that.

United States continues to ramp up sanctions against Iran. An article in today’s Times indicates that it’s difficult to see the sanctions having an immediate effect on day-to-day life. Iran is losing $1 billion a day in oil revenue however. Robert Rubin on CNBC is talking about European complacency in the face of their crisis. The ECB has left rates unchanged. Manufacturing in the United Kingdom is stronger than expected. Overall however, the markets are little changed overnight and looking for new themes to trade against. Metals are having a delayed reflex action higher to the ECB rate statement.

 

 

Week of February 04 - February 08

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Feb 04

 

10:00

 

Factory Orders

 

Dec

 

 

3.0%

 

2.4%

 

0.0%

 

 

Feb 05

 

10:00

 

ISM Services

 

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

 

Initial Claims

 

02/02

 

 

365K

 

360K

 

368K

 

 

Feb 07

 

08:30

 

Continuing Claims

 

01/26

 

 

3200K

 

3200K

 

3198K

 

 

Feb 07

 

08:30

 

Productivity-Prel

 

Q4

 

 

-1.5%

 

-1.2%

 

2.9%

 

 

Feb 07

 

08:30

 

Unit Labor Costs

 

Q4

 

 

3.0%

 

2.4%

 

-1.9%

 

 

Feb 07

 

10:30

 

Natural Gas Inventories

 

02/02

 

 

NA

 

NA

-194

bcf

 

 

Feb 07

 

15:00

 

Consumer Credit

 

Dec

 

 

$10.0B

 

$11.9B

 

$16.0B

 

 

Feb 08

 

08:30

 

Trade Balance

 

Dec

 

 

-$42.5B

 

-$45.4B

-

$48.7B

 

 

Feb 08

 

10:00

 

Wholesale Inventories

 

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

1500

1511

1505.0

0

1522.00

Mar Nasdaq

U

2697.75

2727

2727

2751

2774.7

5

2793.25

Mar Yen


D

105.59

106.75

106.54

107.45

109.86

111.87

Mar EC


U

133.02

134.83

134.84

135.87

137.60

138.96

Mar 10 Year


D

130.13

130.24

131.11

131.24

131.21

132.06

Mar 30 Year


D

141.05

142.02

142.28

143.30

144.01

145.06

Mar Soybeans


U

14.13

14.43

14.68

14.96

14.95

15.16

Mar Corn


D

7.064

7.21

7.15

7.27

7.48

7.61

April Gold


D

1637

1652

1664

1683

1684

1700.7

Mar Silver


PRD(U)

33.07

30.95

31.50

31.98

32.50

33.18

Mar Copper


U

359

368

372

377

383

387

Mar Crude


U

94.37

95.97

95.44

97.40

98.74

99.870

 

 

 

 

 

 

 

 

 

News