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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

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Crude oil is being driven by momentum traders.

3.21.2014

Top Day Market News

Yesterday was spent readjusting positions to reflect new expectations as a result of Janet Yellen’s press conference after the conclusion of the Federal Open market Committee meeting. The time table has been moved up to the eventual end of tapering and the beginning of normalization of interest rates. The tone was more hawkish than most had expected.

Today is triple witching in terms of futures and option expirations which will add to volatility while news event risk in the way of eco releases is minimal. The dollar will continue to be well bid moving forward and this has reversed intermediate trends in the metals. Copper is attempting to establish a new trading range. Crude oil is being driven by momentum traders.

 

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

0

1852

1873

1861.0

0

1889.00

June Nasdaq

U

 

3553

3584

3665

3717

3686

3756

June Yen

PRD(D)

95.95

97.35

97.37

98.01

99.48

100.21

June EC

PRD(D)

137.68

138.36

137.36

138.33

139.69

140.34

June 10 Year

PRD(D)

122.25

12323

1223.01

123.24

125.09

125.30

June 30 Year Bond

U

129.21

131.18

131.21

132.17

134.24

132.28

May Soybean

U

13.125

13.50

14.18

14.52

14.41

14.94

May Corn

U

4.64

4.78

4.71

4.84

4.95

5.04

Aprl Gold

D

1305

1346

1314

1343

1404

1426

May Silver

D

20.10

20.78

20.13

20.72

21.96

22.47

May Copper

U

280.50

287.50

289.660

297

304.50

214.50

May Crude

D

98.52

96.79

97.35

99.34

102.03

105.06