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

The idea of a general economic slowdown is a postive for the bond market.

Market News

04.23.13

Top Day Market News


Stocks are higher overnight as European stocks rose for the third consecutive day as a contraction in manufacturing prompted speculation that the ECB will lower interest rates to spur economic activity. Copper continues to grind lower and signs of Chinese economic contraction. The yen traded towards resistance at 101 60 before stalling. The EC is on signs of European contraction as is crude oil. The idea of a general economic slowdown is a positive for the bond market which is up 19 for the 30 year.


Economic calendar remains sparse with just the release of new home sales at 10 o’clock.


 

 

Week of April 22 - April 26

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Apr 22

 

10:00

 

Existing Home Sales

 

Mar

 

 

4.90M

 

5.01M

 

4.98M

 

 

Apr 23

 

09:00

 

FHFA Housing Price Index

 

Feb

 

 

NA

 

NA

 

0.6%

 

 

Apr 23

 

10:00

 

New Home Sales

 

Mar

 

 

415K

 

415K

 

411K

 

 

Apr 24

 

07:00

 

MBA Mortgage Index

 

04/20

 

 

NA

 

NA

 

4.8%

 

 

Apr 24

 

08:30

 

Durable Orders

 

Mar

 

 

-4.0%

 

-3.1%

 

5.6%

 

5.7%

 

Apr 24

 

08:30

 

Durable Goods –ex transportation

 

Mar

 

 

-0.1%

 

0.0%

 

-0.7%

 

-0.5%

 

Apr 24

 

10:30

 

Crude Inventories

 

04/20

 

 

NA

 

NA

- 1.233M

 

 

Apr 25

 

08:30

 

Initial Claims

 

04/20

 

 

355K

 

351K

 

352K

 

 

Apr 25

 

08:30

 

Continuing Claims

 

04/13

 

 

3060K

 

3060K

 

3068K

 

 

Apr 25

 

10:30

 

Natural Gas Inventories

 

04/20

 

 

NA

 

NA

 

31 bcf

 

 

Apr 26

 

08:30

 

GDP-Adv.

 

Q1

 

 

3.2%

 

2.8%

 

0.4%

 

 

Apr 26

 

08:30

 

Chain Deflator-Adv.

 

Q1

 

 

1.7%

 

1.6%

 

1.0%

 

 

Apr 26

 

09:55

 

Michigan Sentiment - Final

 

Apr

 

 

73.5

 

72.4

 

72.3

 


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

1502

1525

1545.50

1563.75

1577

1606

Jun Nasdaq


U

2655

2713

2774.50

2816.25

2840

2909

Jun JY


D

98.06

99.27

100.15

101.55

102.76

105.04

Jun EC


U

128.91

129.78

129.87

130.95

131.80

132.95

Jun 10 Year

U

132.17

132.28

132.26

133.16

133.08

133.17

Jun 30 Year

U

146.16

148.10

147.18

149.06

148.25

149.14

July Soybeans


PRD( D)

13.27

13.55

13.55

13.77

14.05

14.27

July Corn


U

6.10

6.21

6.12

6.29

6.44

6.56

June Gold


U

1234

1320

1403.5

1438

1484

1581

July Silver


D

18.53

20.01

22.83

23.66

25.88

28.46

July Copper


D

298

303

305

318

337

350

June Crude


D

83.05

85.65

86.89

89.88

91.12

93.97

News