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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

Copper sells under pressure.

3.12.2014

Top Day Market News

The problem with the market is that Chinese mills can’t access financing due to a credit squeeze. This has resulted so far in one corporate bond default. This could lead to a domino effect. Copper continues under selling pressure overnight as distressed sales continue. Copper is at a four year low. Crude will reverse its intermediate trend with a lower close today. Crude stocks today at 10:30. Gold has a bid on haven demand. Yen crosses are higher on risk aversion.

 

Week of March 10 - March 14

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Mar 11

10:00

Wholesale  Inventories

Jan

 

0.3%

0.4%

0.3%

 

Mar 11

10:00

JOLTS - Job

Openings

Jan

 

NA

NA

3.990M

 

Mar 12

07:00

MBA Mortgage Index

03/08

 

NA

NA

9.4%

 

Mar 12

10:30

Crude Inventories

03/08

 

NA

NA

1.429M

 

Mar 12

14:00

Treasury Budget

Feb

 

-$195B

-$195B

-$203.5B

 

Mar 13

08:30

Initial Claims

03/08

 

335K

329K

323K

 

Mar 13

08:30

Continuing Claims

03/01

 

2950K

2925K

2907K

 

Mar 13

08:30

Retail Sales

Feb

 

0.2%

0.2%

-0.4%

 

Mar 13

08:30

Retail Sales ex-auto

Feb

 

0.2%

0.2%

0.0%

 

Mar 13

08:30

Export Prices ex-ag.

Feb

 

NA

NA

0.2%

 

Mar 13

08:30

Import Prices ex-oil

Feb

 

NA

NA

0.3%

 

                   

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Mar 13

10:00

Business Inventories

Jan

 

0.3%

0.3%

0.5%

 

Mar 13

10:30

Natural Gas Inventories

03/08

 

NA

NA

-152 bcf

 

Mar 14

08:30

PPI

Feb

 

0.2%

0.2%

0.2%

 

Mar 14

08:30

Core PPI

Feb

 

0.1%

0.1%

0.2%

 

Mar 14

09:55

Mich Sentiment

Mar

 

81.6

82.0

81.6

 

 

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 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

June ES

 

U

1810

1843

1843

1870

1898

1920

June Nasdaq

U

 

3590

3647

3646

3709

3750

3797

June Yen

D

 

94.990

95.87

96.87

97.62

98.35

99.86

June EC

PRD(D)

136.27

137.49

138.13

139.87

139.53

140.35

June 10 Year Note

PRD(U)

122.04

122.27

123.18

124.07

124.23

125.28

June 30 Year Bond

D

 

128.17

12.29

131.04

131.28

133.08

135.11

May Soybean

PRD(D)

13.81

14.19

13.99

14.24

14.77

14.97

May Corn

U

 

4.46

4.67

4.72

4.87

5.06

5.23

Aprl Gold

U

 

1311

1325.7

1338

1361

1354.0

1368.00

May Silver

D

20.14

20.51

20.54

21.59

21.49

22.11

May Copper

D

297

303

286.90

302.50

318

329

April Crude

PRD(D)

97.59

100.14

97.97

100.92

105.23

107.77