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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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Concerns have focused on the Chinese economic contraction

Top Day Recommendations

3.23

Just new home sales. Very light news day. Bonds have a caught a bid over the last several sessions as concerns have focused on the Chinese economic contraction. The HSBC index of Chinese manufacturing fell to 48.1 from 49.6 in February. Europe is already expected to go into a mild recession this year for all the obvious reasons and this too is a bond market positive. At the same time, the rush to buy bonds as a hedge against a credit event has been removed for at least the time being. Also, rates are normalizing with US economic improvement. All of this lends itself to a good two way market, buyers and sellers with conviction. The number of Americans saying that the US economy is improving rose to its best level since 2004 (seems to be coincident with stock market levels). IEA is saying that it is not planning for any scheduled oil releases to temper prices. Gasoline demand fell for the third consecutive week in the US. Americans are very aware of price points in gasoline.

Week of March 19 - March 23

Date
ET
Release
For
Actual
Briefing.com Briefing.com
Prior
Revised
         
Forecast
Consensus
 
From
Mar
10:00
NAHB Housing
Mar
 
31
31
29
 
19
Market Index
   
 
Mar
08:30 Housing Starts Feb 715K 705K 699K
  20
             
  Mar 08:30 Building Permits Feb 680K 695K 676K
  20
             
  Mar 07:00 MBA Mortgage Index 03/17 NA NA -2.4%
Date
ET
Release
For
Actual
Briefing.com Briefing.com
Prior
Revised
         
Forecast
Consensus
 
From
21
               
Mar
10:00
Existing Home Sales
Feb
 
4.45M
4.61M
4.57M
 
21
   
               
Mar
10:30
Crude Inventories
03/17
 
NA
NA
1.750M
 
21
   
               
Mar
08:30
Initial Claims
03/17
 
355K
355K
351K
 
22
   
               
Mar
08:30
Continuing Claims
03/10
 
3400K
3363K
3343K
 
22
   
               
Mar
10:00
FHFA Housing Price
Jan
 
NA
NA
0.7%
 
22
Index
   
             
Mar
10:00
Leading Indicators
Feb
 
0.6%
0.6%
0.4%
 
22
   
               
Mar
10:00
New Home Sales
Feb
 
320K
321K
321K
 
23
   
               

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
       
R2 is Weekly Strong Resistance
       
Levels are for the most active futures contract
   
   
Daily Support and Resistance
 
               
 
Trend
WS2
WS1
DS
DR
WR1
WR2
             
               
June
D
1346
1372
1380.75
1399.00
1412
1426
           
ES
             
June
PRD(D)
2597
2653
   
2742
2775
           
Nasdaq
             
June
U
117.0
118.49
2717
2742
121.71
123.47
           
Yen
 
3
         
             
June
D
129.3
130.54
131.31
133.17
132.42
133.11
           
EC
 
5
         
             
June
PRD (U)
126.0
127.13
128.14
129.00
130.15
132.10
10
 
7
         
             
Year
             
June
U
132.0
134.07
136.18
137.16
139.29
143.12
           
30
 
0
         
             
Year
             
May
U
13.14
13.44
13.38
13.70
13.905
14.07
           
Soybea
             
ns
             
May
D
6.307
6.517
6.38
6.53
6.837
6.947
           
Corn
             
April
D
1588
1624
1627
1671
1707
1753
           
Gold
             
May
U
30.09
31.34
30.84
32.10
34.12
35.66
           
Silver
             
May
U
375
382
372
383
394
400
           
Copper
             
May
U
102.3
104.76
104.19
106.81
108.54
109.94
           
Crude
 
8
         
             
               

N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%.

Repeat: use Stops. Don’t think about using Stops. Use Stops. Some find it appropriate to look at the margin requirement and use that as a Stop or if it’s a steep initial requirement, use half. But whatever you do, stop thinking about any other alternative and use Stops.

********************************************

Futures trading entails considerable risk and is not for everyone. An account can lose more than its initial investment.

Stops are not necessarily filled at the stop level. Past performance is not a guarantee of future results.

Charles Kespert

***********************

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE

ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, AL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETIOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.