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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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Happy Cinco de Mayo
 

5.5.2014

Top Day Market News

Happy Cinco de Mayo which actually isn’t celebrated in Mexico. We do get the Institute for Supply Management number at 10. Markets were turning more of their attention to the Ukraine and this has expressed itself in higher prices for wheat and gold and bonds while China continues to show signs of economic contraction, most recently by posting a decline in housing numbers. Crude is slightly higher overnight, again thanks to the Ukraine, but prices continue to point towards 96.82.

Week of May 05 - May 09

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

May 05

10:00

ISM Services

Apr

 

54.0

54.0

53.1

 

May 06

08:30

Trade Balance

Mar

 

-$42.5B

-$42.5B

-$42.3B

 

May 07

07:00

MBA Mortgage Index

05/03

 

NA

NA

NA

 

May 07

08:30

Productivity-Prel

Q1

 

-1.2%

-1.2%

1.8%

 

May 07

08:30

Unit Labor Costs

Q1

 

2.5%

2.5%

-0.1%

 

May 07

10:30

Crude Inventories

05/03

 

NA

NA

1.698M

 

May 07

15:00

Consumer Credit

Mar

 

$16.0B

$16.1B

$16.5B

 

May 08

08:30

Initial Claims

05/03

 

325K

325K

344K

 

May 08

08:30

Continuing Claims

04/26

 

2750K

2750K

2771K

 

May 08

10:30

Natural Gas Inventories

05/03

 

NA

NA

82 bcf

 

May 09

10:00

Wholesale  Inventories

Mar

 

1.1%

1.0%

0.5%

 

May 09

10:00

JOLTS - Job Openings

Mar

 

NA

NA

4.173M

 

 

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

PRD(D

)

1825.00

1849.0

0

1869.00

1883.00

1891.0

0

1909.50

June Nasdaq

U

3429

3502

3564

3599

3627

3678

June Yen

U

96.41

97.12

97.12

98.62

98.38

98.75

June EC

U

137.22

137.96

138.23

138.96

139.11

139.62

June 10 Year Note

U

123.05

123.29

123.31

125.03

125.04

125.20

June 30 Year Bond

U

132.25

134.15

134.31

136.31

137.00

138.07

July Soybeans

U

14.11

14.41

14.57

14.85

15.10

15.50

July Corn

D

4.82

4.90

4.94

5.06

5.15

5.30

June Gold

U

1258.40

1279.4

1286.00

1314.50

1314

1327

July Silver

D

18.22

18.85

19.06

19.86

19.95

20.41

July Copper

U

295.50

301.00

303

309

311

315

June Crude

D

96.85

98.40

99.24

100.20

101.88

103.77