04.17.13
Top Day Market News
Today’s calendar features the report from the International Energy Agency, the statistical arm of the Department of Energy, regarding the weekly supply and demand for crude oil and its products. In front of this report crude oil is trading to lower levels. This is in spite of a report from the American Petroleum Institute last night showing that crude stocks have declined by 6.7 million barrels for the latest reporting week, the most since the end of December. The lower prices for crude oil are really indicating the perception that Chinese demand will be contracting. The other feature to today’s trade will be the release of the Federal Reserve’s beige book at 2 PM. Of course, this will be analyzed for the future intentions of the Federal Reserve towards economic stimulus. Breaks in the Swiss Franc, the EC, the British Pound as well as the Canadian and Australian dollar will find buyers.
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Apr 15 |
08:30 |
Empire Manufacturing |
Apr |
|
5.0 |
5.0 |
9.2 |
|
|
Apr 15 |
09:00 |
Net Long-Term TIC Flows |
Feb |
|
NA |
NA |
$25.7B |
|
|
Apr 15 |
10:00 |
NAHB Housing Market Index |
Apr |
|
45 |
45 |
44 |
|
|
Apr 16 |
08:30 |
CPI |
Mar |
|
-0.1% |
-0.1% |
0.7% |
|
|
Apr 16 |
08:30 |
Core CPI |
Mar |
|
0.2% |
0.2% |
0.2% |
|
|
Apr 16 |
08:30 |
Housing Starts |
Mar |
|
935K |
930K |
917K |
|
|
Apr 16 |
08:30 |
Building Permits |
Mar |
|
955K |
945K |
946K |
|
|
Apr 16 |
09:15 |
Industrial Production |
Mar |
|
0.4% |
0.3% |
0.7% |
|
|
Apr 16 |
09:15 |
Capacity Utilization |
Mar |
|
78.5% |
78.4% |
78.3% |
79.6% |
|
Apr 17 |
07:00 |
MBA Mortgage Index |
04/13 |
|
NA |
NA |
4.5% |
|
|
Apr 17 |
10:30 |
Crude Inventories |
04/13 |
|
NA |
NA |
0.250M |
|
|
Apr 17 |
14:00 |
Fed's Beige Book |
Apr |
|
NA |
NA |
NA |
|
|
Apr 18 |
08:30 |
Initial Claims |
04/13 |
|
350K |
355K |
346K |
|
|
Apr 18 |
08:30 |
Continuing Claims |
04/6 |
|
3060K |
3068K |
3079K |
|
|
Apr 18 |
10:00 |
Philadelphia Fed |
Apr |
|
3.0 |
2.5 |
2.0 |
|
|
Apr 18 |
10:00 |
Leading Indicators |
Mar |
|
0.0% |
0.0% |
0.5% |
|
|
Apr 18 |
10:30 |
Natural Gas Inventories |
04/13 |
|
NA |
NA |
-14 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 (Change of Trend) 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 |
|
Jun ES
|
U |
1522 |
1552 |
1551.50 |
1589 |
1602 |
1675 |
|
Jun Nasdaq
|
U |
2719 |
2783 |
2794 |
2864 |
2885 |
2922 |
|
Jun JY
|
D |
9915 |
100.16 |
100.99 |
103.50 |
102.10 |
103.03 |
|
Jun EC
|
U |
128.98 |
129.91 |
130.82 |
132.59 |
131.61 |
162.83 |
|
Jun 10 Year
|
U |
131.31 |
132.15 |
132.23 |
133.06 |
133.10 |
133.21 |
|
Jun 30 Year
|
U |
144.30 |
146.07 |
147.05 |
148.29 |
148.13 |
149.10 |
|
July Soybeans
|
D |
13.33 |
13.73 |
13.57 |
13.85 |
14.36 |
14.58 |
|
July Corn
|
U |
6.11 |
6.35 |
6.27 |
6.47 |
6.74 |
6.90 |
|
June Gold
|
D |
1399 |
1438 |
1337.80 |
1420.50 |
1552 |
1628 |
|
July Silver
|
D |
24.20 |
24.98 |
21.85 |
24.73 |
27.27 |
28.79 |
|
July Copper
|
D |
324 |
328 |
321 |
335 |
341 |
349 |
|
June Crude
|
D |
87.30 |
89.11 |
87.18 |
90.07 |
93.56 |
96.46 |
|
|
|
|
|
|
|
|
|