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

New Chairman Janet Yellen turned out to be more opaque than her predecessor and the market took it badly.

3.20.2014

Top Day Market News

The key to yesterday was the press conference after the FED’s rate decision. New Chairman Janet Yellen turned out to be more opaque than her predecessor and the market took it badly. It seemed as though the tapering would continue until completion in October and the eventual increase in short term rates would happen as early as six months following the end of the taper. This altered the market’s understanding of the timeline and brought the event horizon containing higher rates closer. The dollar strengthened on this and metals fell in price. Was this a watershed moment?

Today we get initial and continuing claims, existing home sale and the Philly Fed.

 

Week of March 17 - March 21

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Mar 17

08:30

Empire Manufacturing

Mar

 

2.0

5.4

4.5

 

Mar 17

09:00

Net Long-Term TIC Flows

Jan

 

NA

NA

-

$45.9B

 

Mar 17

09:15

Industrial Production

Feb

 

-0.1%

0.1%

-0.3%

 

Mar 17

09:15

Capacity Utilization

Feb

 

78.4%

78.5%

78.5%

 

Mar 17

10:00

NAHB Housing Market Index

Mar

 

50

50

46

 

Mar 18

08:30

Housing Starts

Feb

 

875K

915K

880K

 

                   

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Mar 18

08:30

Building Permits

Feb

 

945K

955K

937K

 

Mar 18

08:30

CPI

Feb

 

0.2%

0.2%

0.1%

 

Mar 18

08:30

Core CPI

Feb

 

0.1%

0.1%

0.1%

 

Mar 19

07:00

MBA Mortgage Index

03/15

 

NA

NA

-2.1%

 

Mar 19

08:30

Current Account Balance

Q4

 

-$88.0B

-$87.6B

-

$94.8B

 

Mar 19

10:30

Crude Inventories

03/15

 

NA

NA

6.180M

 

Mar 19

14:00

FOMC Rate Decision

Mar

 

0.25%

0.25%

0.25%

 

Mar 20

08:30

Initial Claims

03/15

 

330K

330K

315K

 

Mar 20

08:30

Continuing Claims

03/08

 

2900K

2883K

2855K

 

Mar 20

10:00

Existing Home Sales

Feb

 

4.55M

4.60M

4.62M

 

Mar 20

10:00

Philadelphia Fed

Mar

 

2.0

2.0

-6.3

 

Mar 20

10:00

Leading Indicators

Feb

 

0.2%

0.3%

0.3%

 

Mar 20

10:30

Natural Gas Inventories

03/15

 

NA

NA

-195

bcf

 

 

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

1803.50

1818.0

1826

1865

1861.0

1889.00

June Nasdaq

U

 

3553

3584

3625

3702

3686

3756

June Yen

U

 

95.95

97.35

97..09

98.44

99.48

100.21

June EC

U

 

137.68

138.36

137.79

139.64

139.69

140.34

June 10 Year Note

U

 

122.25

12323

122.18

124.10

125.09

125.30

June 30 Year Bond

U

129.21

131.18

131.14

132.28

134.24

132.28

May Soybean

U

13.125

13.50

14.19

14.43

14.41

14.94

May Corn

D

4.64

4.78

4.77

4.92

4.95

5.04

Aprl Gold

D

1305

1346

1311

1358

1404

1426

May Silver

D

20.10

20.78

20.50

21.02

21.96

22.47

May Copper

U

280.50

287.50

291

303

304.50

214.50

April Crude

PRD(U)

98.52

96.79

99.90

101.19

102.03

105.06