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

Fed Chairman Yellen will be speaking later today.

5.7.2014

Top Day Market News

Overnight, as yields drop so does the dollar. At least that was yesterday’s theme. Germany factory orders drop. This stemmed the recent advance of the EC. Draghiu certainly doesn’t want to see the EC above 140.00 but really can’t do much to stop it.

Crude is slightly higher as API data showed a modest draw in stocks. Supply/demand ratios remain negative.

Fed Chairman Yellen will be speaking later today.

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

U

1825.00

1849.0

0

1857

1876

1891.0

0

1909.50

June Nasdaq

U

3429

3502

3531

3587

3627

3678

June Yen

U

96.41

97.12

98.05

98.73

98.38

98.75

June EC

U

137.22

137.96

138.85

139.64

139.11

139.62

June 10

Year Note

U

123.05

123.29

124.15

124.27

125.04

125.20

June 30 Year Bond

U

132.25

134.15

135.21

136.21

137.00

138.07

July Soybean

PRD(D)

14.11

14.41

14.46

14.68

15.10

15.50

July Corn

PRD(U)

4.82

4.90

5.065

5.23

5.15

5.30

June Gold

U

1258.40

1279.4

1303.90

1319

1314

1327

July Silver

U

18.22

18.85

19.52

19.89

19.95

20.41

July Copper

U

295.50

301.00

304

306.60

311

315

June Crude

D

96.85

98.40

99.31

100.96

101.88

103.77