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

Oil continues to feel downside pressure as the market awaits releases from strategic reserves

Top Day Recommendations

4.02

Overnight, stronger Chinese and European purchasing managers’ index readings fail to motivate markets. In the US, we just have two releases, the Institute for Supply Management report and the report for construction spending due out at 10. Stocks are little changed and oil continues to feel downside pressure as the market awaits releases from strategic reserves.

Week of April 02 - April 06

Date
ET
Release
For
Actual
Briefing.com Briefing.com
Prior
Revised
         
Forecast
Consensus
 
From
Apr
10:00
ISM Index
Mar
 
52.0
53.0
52.4
 
02
   
               
Apr
10:00
Construction
Feb
 
1.0%
0.5%
-0.1%
 
02
Spending
   
             
Apr
10:00
Factory Orders
Feb
 
2.0%
1.4%
-1.0%
 
03
   
               
Apr
14:00
FOMC Minutes
3/13
         
03
         
               
Apr
14:00
Auto Sales
Mar
 
NA
NA
5.5M
 
03
   
               
Apr
14:00
Truck Sales
Mar
 
NA
NA
5.9M
 
03
   
               
Apr
07:00
MBA Mortgage Index
03/31
 
NA
NA
-2.7%
 
04
   
               
Apr
08:15
ADP Employment
Mar
 
220K
213K
216K
 
04
Change
   
             
Apr
10:00
ISM Services
Mar
 
56.0
56.9
57.3
 
04
   
               
Apr
10:30
Crude Inventories
03/31
 
NA
NA
7.102M
 
04
   
               
Apr
07:30
Challenger Job Cuts
Mar
 
NA
NA
2.0%
 
05
   
               
Apr
08:30
Initial Claims
03/31
 
355K
355K
359K
 
05
   
               
Date
ET
Release
For
Actual
Briefing.com Briefing.com
Prior
Revised
         
Forecast
Consensus
 
From
Apr
08:30
Continuing Claims
03/24
 
3375K
3355K
3340K
 
05
   
               
Apr
08:30
Nonfarm Payrolls
Mar
 
230K
200K
227K
 
06
   
               
Apr
08:30
Nonfarm Private
Mar
 
250K
215K
233K
 
06
Payrolls
   
             
Apr
08:30
Unemployment Rate
Mar
 
8.2%
8.3%
8.3%
 
06
   
               
Apr
08:30
Hourly Earnings
Mar
 
0.1%
0.1%
0.1%
 
06
   
               
Apr
08:30
Average Workweek
Mar
 
34.5
34.5
34.5
 
06
   
               
Apr
15:00
Consumer Credit
Feb
 
$10.0B
$14.0B
$17.8B
 
06
   
               

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
1369
1386
1397
1412
1419
1436
           
ES
             
June
D
2695
2723
2736
2787
2784
2818
           
Nasdaq
             
June
U
118.7
119.75
119.66
121.81
122.04
123.31
3
         
Yen
           
             
June
D
131.1
132.27
128.25
129.03
133.51
135.03
5
         
EC
           
             
June
U
127.0
128.23
128.25
129.30
130.05
130.26
3
         
10
           
             
Year
             
June
U
135.1
136.22
136.13
138.25
138.32
140.07
9
         
30
           
             
Year
             
May
D
13.25
13.64
13.65
14.53
14.29
14.55
           
Soybea
             
ns
             
May
D
5.81
6.12
6.17
6.70
6.65
6.87
           
Corn
             
June
D
1619
1645
1664
1680
1697
1725
           
Gold
             
May
D
30.79
31.52
32.22
32.90
33.08
33.91
           
Silver
             
May
D
368
375
380
387
389
397
           
Copper
             
May
D
98.66
100.79
101.95
103.85
106.39
109.86
           
Crude
             
               

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.