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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

Bond prices are being pressured today.

Market News

03.07.13

Top Day Market News

Balance of trade comes a little the worse than expected at -44.4 with a B. Productivity is down 1.9% while unit labor costs are higher. Weekly jobless claims at 340,000 are down 7000 from last week. The Bank of England did not expand its asset buying program. Mario Draghi is giving a press conference and players are anticipating a possible interest- rate cut. He is lowering its forecast for euro zone growth and stating that inflationary considerations will remain tame. Bonds are being pressured today and are rolling over reversing their intermediate trend to negative in front of Friday’s unemployment number. Currencies will roll to June on Monday. S&P should encounter resistance today at 1543.50.


 

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

 

                   

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

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%

 

 

Mar 07

 

10:30

 

Natural Gas Inventories

 

03/02

 

 

NA

 

NA

-171

bcf

 

 

Mar 07

 

15:00

 

Consumer Credit

 

Jan

 

 

$10.0B

 

$12.8B

 

$14.6B

 

 

Mar 08

 

08:30

 

Nonfarm Payrolls

 

Feb

 

 

170K

 

165K

 

157K

 

 

Mar 08

 

08:30

 

Nonfarm Private Payrolls

 

Feb

 

 

180K

 

178K

 

166K

 

 

Mar 08

 

08:30

 

Unemployment Rate

 

Feb

 

 

7.9%

 

7.9%

 

7.9%

 

 

Mar 08

 

08:30

 

Hourly Earnings

 

Feb

 

 

0.2%

 

0.2%

 

0.2%

 

 

Mar 08

 

08:30

 

Average Workweek

 

Feb

 

 

34.5

 

34.4

 

34.4

 

 

Mar 08

 

10:00

 

Wholesale Inventories

 

Jan

 

 

0.2%

 

0.2%

 

-0.1%

 

 

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

1532

1543.50

1533

1550

Mar Nasdaq


U

2658

2704

2781.25

2802.25

2779

2809

Mar Yen


D

103.62

105.23

105.85

107.15

109.27

111.70

Mar EC


D

127.48

128.84

129.04

130.57

132.38

134.56

Jun 10 Year

D


129.31

130.28

131.06

131.22

132.09

132.26

Jun 30 Year


D

140.20

142.15

142.04

143.14

145.16

146.22

May Soybeans


D

13.965

14.20

14.55

14.75

14.67

14.91

May Corn


U

6.705

6.895

6.81

7.02

7.18

7.285

April Gold


D

1533

1555

1566

1593

1610

1642

May Silver


PRD(U)

27.10

27.84

28.50

29.44

29.41

30.24

May Copper


D

334

345

347

352

350

356

April Crude


PRD(U)

87.42

89.22

 

 

93.64

96.26

 

 

 

 

 

 

 

 

 
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