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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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Copper couldn’t hold onto gains from the Chilean earthquake.

4.03.2014

Top Day Market News

The big event risk of the early morning will be the ECB rate decision. They are faced with a unique situation: deflationary pressures. There is a temptation for them to stimulate. All economies need some inflation. There is little in the way of wage inflation in the Euro zone and there are several severe problems: youth unemployment being prime among them. Central Banks are far more equipped to deal with inflation by jacking up interest rates. Deflation is another story. If you drop rates and stimulate and still nothing happens, what do you do then?

ADP private jobs forecast came in just a tad under expectations and trading in the wake of it was kind of spotty. Copper couldn’t hold onto gains from the Chilean earthquake. Wheat saw some serious selling pressure as Black Sea origins don’t look to be threatened by recent political events.


 

Week of March 31 - April 04

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Mar 31

09:45

Chicago PMI

Mar

 

60.0

60.1

59.8

 

Apr 01

10:00

ISM Index

Mar

 

54.2

54.1

53.2

 

Apr 01

10:00

Construction  Spending

Feb

 

0.0%

0.1%

0.1%

 

Apr 01

14:00

Auto Sales

Mar

 

NA

NA

5.2M

 

Apr 01

14:00

Truck Sales

Mar

 

NA

NA

7.0M

 

                   

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Apr 02

07:00

MBA Mortgage Index

03/29

 

NA

NA

-3.5%

 

Apr 02

08:15

ADP Employment Change

Mar

 

215K

215K

139K

 

Apr 02

10:00

Factory Orders

Feb

 

1.1%

1.1%

-0.7%

 

Apr 02

10:30

Crude Inventories

03/29

 

NA

NA

6.619M

 

Apr 03

07:30

Challenger Job Cuts

Mar

 

NA

NA

-24.4%

 

Apr 03

08:30

Initial Claims

03/29

 

320K

320K

311K

 

Apr 03

08:30

Continuing Claims

03/22

 

2850K

2850K

2823K

 

Apr 03

08:30

Trade Balance

Feb

 

-$40.5B

-$39.5B

-$39.1B

 

Apr 03

10:00

ISM Services

Mar

 

53.0

53.5

51.6

 

Apr 03

10:30

Natural Gas Inventories

03/29

 

NA

NA

-57 bcf

 

Apr 04

08:30

Nonfarm Payrolls

Mar

 

185K

197K

175K

 

Apr 04

08:30

Nonfarm Private  Payrolls

Mar

 

195K

205K

162K

 

Apr 04

08:30

Unemployment Rate

Mar

 

6.6%

6.6%

6.7%

 

Apr 04

08:30

Hourly Earnings

Mar

 

0.2%

0.2%

0.4%

 

Apr 04

08:30

Average Workweek

Mar

 

34.5

34.4

34.2

 


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

1816

1833

1877

1887

1867

1885

June Nasdaq

U

 

3463

3513

3644

3670

3635

3787

June Yen

D

 

96.38

96.84

96.07

96.56

98.06

98.82

June EC

U

 

136.02

136.70

137.31

138.03

138.49

139.48

June 10 Year Note

PRD(D)

122.21

123.03

122.22

123.09

123.31

124.13

June

D

 

131.10

132.13

131.21

132.15

134.18

135.20

30 Year Bond

 

 

 

 

 

 

 

May Soybeans

U

13.39

14.03

14.46

14.86

14.60

14.84

May Corn

U

4.71

4.80

4.88

5.05

4.99

5.06

June Gold

D

1255

1275

1281.50

1297.50

1324

1354

May Silver

D

19.16

19.49

19.805

20.22

20.23

20.64

May Copper

U

287.60

295.00

301.20

306.80

308.00

313.00

May Crude

D

97.46

99.56

98.46

100.01

103.00

104.34