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

Open day in terms of eco releases.

Market News

02.22.13

Top Day Recommendations

Strangely, an open day in terms of eco releases. There are a few potential trend reversal/trend continuation markets today however. This has been either a brutal or rewarding week depending on which side of the market you were on. So much of the blame for this week’s price action has been attributed to the Federal Reserve’s Open Market Committee Meeting notes or the Beige Book. The perception was that the fed was going to actively consider cutting back its asset repurchase program of $85 billion a month thereby triggering an uptick in rates and an end to the asset bubbles created by free money. The stock market is threatening to have its first losing week in eight and of course the metals got hammered. However, it’s unlikely that the fed will change policy anytime soon. Of more immediate concern is the sequestration on March 1st and unintended consequences.

 

Enjoy the weekend.

 

 

Week of February 18 - February 22

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Feb 19

 

10:00

 

NAHB Housing Market Index

 

Feb

 

 

48

 

48

 

47

 

 

Feb 20

 

07:00

 

MBA Mortgage Index

 

02/16

 

 

NA

 

NA

 

-6.4%

 

 

Feb 20

 

08:30

 

Housing Starts

 

Jan

 

 

900K

 

910K

 

954K

 

 

Feb 20

08:30

 

Building Permits

Jan

 

915K

918K

903K

 

                   

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

 

 

 

 

 

 

 

 

 

Feb 20

 

08:30

 

PPI

 

Jan

 

 

0.1%

 

0.3%

 

-0.2%

 

 

Feb 20

 

08:30

 

Core PPI

 

Jan

 

 

0.1%

 

0.1%

 

0.1%

 

 

Feb 20

 

14:00

 

FOMC Minutes

 

1/30

 

 

 

 

 

 

Feb 21

 

08:30

 

Initial Claims

 

02/16

 

 

365K

 

358K

 

341K

 

 

Feb 21

 

08:30

 

Continuing Claims

 

02/09

 

 

3200K

 

3150K

 

3114K

 

 

Feb 21

 

08:30

 

CPI

 

Jan

 

 

0.1%

 

0.1%

 

0.0%

 

 

Feb 21

 

08:30

 

Core CPI

 

Jan

 

 

0.1%

 

0.2%

 

0.1%

 

 

Feb 21

 

10:00

 

Existing Home Sales

 

Jan

 

 

4.95M

 

4.94M

 

4.94M

 

 

Feb 21

 

10:00

 

Philadelphia Fed

 

Feb

 

 

2.0

 

1.5

 

-5.8

 

 

Feb 21

 

10:00

 

Leading Indicators

 

Jan

 

 

0.3%

 

0.3%

 

0.5%

 

 

Feb 21

 

10:30

 

Natural Gas Inventories

 

02/16

 

 

NA

 

NA

-157

bcf

 

 

Feb 21

 

11:00

 

Crude Inventories

 

02/16

 

 

NA

 

NA

 

0.560M

 


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


PRD(D)

1502

1509

1494

1516

1523

1529

Mar Nasdaq


PRD(D)

2738

2749

22695

2758

2774

2793

Mar Yen


D

104.58

105.00

106.70

107.97

108.37

109.11

Mar EC


D

131.81

132.39

131.20

132.58

134.84

136.11

Mar 10 Year


PRD(U)

130.21

131.03

131.16

132.20

131.27

132.06

Mar 30 Year


U

141.18

142.17

143.07

144.11

144.08

144.28

May Soybeans


U

13.80

14.02

1560

1602

14.54

14.72

May Corn


D

6.73

6.86

28.43

29.26

7.12

7.26

April Gold


D

1552

1581

14.66

14.94

1654

1699

May Silver


D

28.45

29.12

6.813

6.927

31.03

32.20

May Copper


D

367

371

354

365

377

380

April Crude


PRD(D)

93.77

95.19

92.00

94.29

98.34

100.07

 

 

 

 

 

 

 

 

News