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

Greek leaders have allegedly reached an agreement on an austerity deal

Top Day Recommendations

2.09.12

Overnight, Greek leaders have allegedly reached an agreement on an austerity deal. This has provided support to equities and the EC and pressured the debt market. The reaction seems muted, cautionary. The knee jerk move should have been better. The Greek people have already been staging strikes against the enactment of austerity. Weekly jobless claims are better at 358K while continuing claims are higher.

Week of February 06 - February 10

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Feb 15:00 Consumer Credit Dec   $7.0B $8.5B $20.4B  
07    
               
Feb 07:00 MBA Mortgage Index 02/04   NA NA -2.9%  
08    
               
Feb 10:30 Crude Inventories 02/04   NA NA 4.175M  
08    
               
Feb 08:30 Initial Claims 02/04   370K 370K 367K  
09    
               
Feb 08:30 Continuing Claims 01/28   3500K 3475K 3437K  
09    
               
Feb 10:00 Wholesale Dec   0.3% 0.4% 0.1%  
09 Inventories    
             
Feb 08:30 Trade Balance Dec   -$48.0B -$48.2B -  
10   $47.8B  
             
Feb 09:55 Mich Sentiment Feb   75.5 74.0 75.0  
10    
               
Feb 14:00 Treasury Budget Jan   NA -$40.0B -  
10   $49.8B  
             

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

R2 is Weekly Strong Resistance

Levels are for the most active futures contract

Daily Support and Resistance

  Trend WS2 WS1 DS DR WR1 WR2
Mar U 1279.50 1309.50 1340.75 1354.50 1355.50 1371
           
ES              
Mar U 2393.50 2458 2528 2564.25 2558 2594
           
Nasdaq              
Mar D 129.54 130.30 129.14 130.32 131.39 132.14
           
Yen              
Mar U 129.38 130.46 132.20 133.23 132.43 133.32
           
EC              
Mar 10 U 130.19 130.31 130.23 131.08 132.09 132.22
           
Year              
               
Mar 30 PRD 140.02 141.08 141.12 142.18 144.17 146.20
           
Year (D)            
Mar U 11.654 11.99 12.212 12.55 12.51 12.70
           
Soybea              
ns              
March U 6.18 6.31 6.33 6.57 6.53 6.63
             
Corn              
April U 1690.6 1717.9 1719.9 1766.1 1756.6 1784.8
           
Gold              
Mar U 32.17 33.38 33.39 34.82 34.83 35.13
           
Silver              
Mar D 370 381 386 398 395 401
           
Copper              
Mar D 92.31 95.04 97.84 100.95 100.89 104.01
           
Crude              
               

N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%.

Repeat: use Stops. Don’t think about using Stops.

Use Stops. Some find it appropriate to look at the margin requirement and use that as a Stop or if it’s a steep initial requirement, use half. But whatever you do, stop thinking about any other alternative and use Stops.

********************************************

Futures trading entails considerable risk and is not for everyone. An account can lose more than its initial investment.

Stops are not necessarily filled at the stop level. Past performance is not a guarantee of future results.

Charles Kespert

***********************

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, AL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETIOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.