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

Metals rebounded from oversold levels.

Market News

03.05.13

Top Day Market News 

The equity market is higher overnight and bonds are lower than the expectation for a higher than expected reading on the Institute for Supply Management number which will be released at 10 o’clock. Metals rebounded from oversold levels. Crude oil is higher as a leak forced the closure of a Brent pipeline. Outside weekly resistance in the ES is 1550 but it won’t do that today and probably fail around 1538 to 1540.

 

Week of March 04 - March 08

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Mar 05

 

10:00

 

ISM Services

 

Feb

 

 

56.0

 

55.4

 

55.2

 

 

Mar 06

 

07:00

 

MBA Mortgage Index

 

03/02

 

 

NA

 

NA

 

-3.8%

 

 

Mar 06

 

08:15

 

ADP Employment Change

 

Feb

 

 

150K

 

150K

 

192K

 

 

Mar 06

 

10:00

 

Factory Orders

 

Jan

 

 

-3.0%

 

-2.2%

 

1.8%

 

 

Mar 06

 

10:30

 

Crude Inventories

 

03/02

 

 

NA

 

NA

 

1.130M

 

 

Mar 06

 

14:00

 

Fed's Beige Book

 

Mar

 

 

 

 

 

 

Mar 07

 

08:30

 

Initial Claims

 

03/02

 

 

355K

 

350K

 

344K

 

 

Mar 07

 

08:30

 

Continuing Claims

 

02/23

 

 

3100K

 

3100K

 

3074K

 

 

Mar 07

 

08:30

 

Trade Balance

 

Jan

 

 

-$45.0B

 

-$43.0B

-

$38.5B

 

 

Mar 07

 

08:30

 

Productivity-Rev.

 

Q4

 

 

-1.7%

 

-1.6%

 

-2.0%

 

 

Mar 07

 

08:30

 

Unit Labor Costs -Rev

Q4

 

4.2%

4.2%

4.5%

 

                   

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

1465

1490

1513

1540

1533

1550

Mar Nasdaq

 

U

2658

2704

2740

2783

2779

2809

Mar Yen

 

D

103.62

105.23

106.71

107.65

109.27

111.70

Mar EC

 

D

127.48

128.84

129.94

1300.63

132.38

134.56

Mar 10 Year

 

U

129.31

130.28

131.11

131.28

132.09

132.26

Mar 30 Year

 

U

140.20

142.15

143.08

144.15

145.16

146.22

May Soybeans

 

D

13.965

14.20

14.42

14.72

14.67

14.91

May Corn

 

U

6.705

6.895

6.84

7.12

7.18

7.285

April Gold

 

D

1533

1555

1565

1590

1610

1642

May Silver

 

D

27.10

27.84

28.34

28.97

29.41

30.24

May Copper

D

334

345

348

355

350

356

 
 News