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

Yesterday saw a robust rebound from Monday’s weakness.

3.05.2014

Top Day Market News

This morning, ADP private jobs forecast came out with another less than overwhelming number. Weather is being blamed, yet again for such economic sluggishness. This series of sluggish job creation is also giving hope to those who would like the Fed to taper the taper.

At 10 we get US non-manufacturing Purchasing Managers’ Index and the Bank of Canada interest rate decision while at 7:30pm we get Australian retail sales.

Yesterday saw a robust rebound from Monday’s weakness. Retraction of Russian units after the conclusion of military exercises suggested a negotiated outcome for the Ukraine.

Putin’s press conference contained something for everyone as alternately made sense then didn’t. The Russian hold on the Crimea will be hard to dislodge.

 

Week of March 03 - March 07

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Mar 03

08:30

Personal Income

Jan

 

0.2%

0.3%

0.0%

 

Mar 03

08:30

Personal Spending

Jan

 

-0.1%

0.1%

0.4%

 

Mar 03

08:30

PCE Prices - Core

Jan

 

0.1%

0.1%

0.1%

 

Mar 03

10:00

ISM Index

Feb

 

51.0

51.6

51.3

 

Mar 03

10:00

Construction  Spending

Jan

 

-0.7%

-0.1%

0.1%

 

                   

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Mar 03

14:00

Auto Sales

Feb

 

NA

NA

5.1M

 

Mar 03

14:00

Truck Sales

Feb

 

NA

NA

7.0M

 

Mar 05

07:00

MBA Mortgage Index

03/01

 

NA

NA

-8.5%

 

Mar 05

08:15

ADP Employment Change

Feb

 

150K

150K

175K

 

Mar 05

10:00

ISM Services

Feb

 

53.5

53.5

54.0

 

Mar 05

10:30

Crude Inventories

03/01

 

NA

NA

0.068M

 

Mar 05

14:00

Fed's Beige Book

Mar

 

NA

NA

NA

 

Mar 06

07:30

Challenger Job Cuts

Feb

 

NA

NA

47.3%

 

Mar 06

08:30

Initial Claims

03/01

 

335K

338K

348K

 

Mar 06

08:30

Continuing Claims

02/22

 

2975K

2973K

2964K

 

Mar 06

08:30

Productivity-Rev.

Q4

 

2.5%

2.5%

3.2%

 

Mar 06

08:30

Unit Labor Costs -  Rev

Q4

 

-0.8%

-0.7%

-1.6%

 

Mar 06

10:00

Factory Orders

Jan

 

-0.3%

-0.5%

-1.5%

 

Mar 06

10:30

Natural Gas Inventories

03/01

 

NA

NA

-95 bcf

 

Mar 07

08:30

Nonfarm Payrolls

Feb

 

165K

163K

113K

 

Mar 07

08:30

Nonfarm Private  Payrolls

Feb

 

175K

170K

142K

 

Mar 07

08:30

Unemployment Rate

Feb

 

6.5%

6.6%

6.6%

 

Mar 07

08:30

Hourly Earnings

Feb

 

0.1%

0.2%

0.2%

 

Mar 07

08:30

Average Workweek

Feb

 

34.5

34.4

34.4

 

Mar 07

08:30

Trade Balance

Jan

 

-$37.0B

-$37.3B

-$38.7B

 

Mar 07

15:00

Consumer Credit

Jan

 

$9.0B

$11.8B

$18.8B

 

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 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

1815

1845

1851.75

1883.00

1875

1887

Mar Nasdaq

PRD(D)

3625

3671

3683.25

3736.75

3730

3760

Mar Yen

U

96.95

97.10

97.50

98.35

98.68

99.12

Mar EC

PRD(D)

135.80

137.00

137.09

137.71

138.80

139.40

June 10 Year Note

D

123.10

123.20

124.00.

124.26

124.20

125.31

June 30 Year Bond

U

130.11

131.23

131.25

133.12

133.28

134.21

May Soybean

U

16.11

16.16

14.095

14.31

14.53

14.93

May Corn

U

4.47

4.55

4.71

4.91

4.68

4.73

Aprl Gold

U

1304

1316

1328.40

1350.1

1340

1357

May Silver

U

21.24

21.49

20.99

21.49

22.14

22.40

May Copper

D

312.80

317.70

317.95

323.50

324.00

329.00

April Crude

U

99.98

101.37

101.60

104.50

103.29

104.81