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 dollar is stronger across the board.

Market News

05.10.13

Top Day Market News

No major economic releases today. The big event yesterday was the Yen plummeting through 100. This basically signifies what is going on with the Bank of Japan which is basically doubling money supply in an incredibly short period of time. US rates traded at their highest levels in five weeks as the US economy continues to gain traction. The decline in five years 10 years in 30 years as a function of lack of demand for fixed income while the market at the same time had to absorb $72 billion worth of auctions this week. This morning, the dollar is stronger across the board as the yen continues to lead the way lower. This stronger dollar environment is having a negative effect on gold which is down $35. The move in gold shouldn’t be surprising as the intermediate trend is lower as well.

Keep the powder dry. Enjoy the weekend.

 

 

Week of May 06 - May 10

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

May 07

 

15:00

 

Consumer Credit

 

Mar

 

 

$16.0B

 

$16.3B

 

$18.1B

 

 

May 08

 

07:00

 

MBA Mortgage Index

 

05/04

 

 

NA

 

NA

 

1.8%

 

 

May 08

 

10:30

 

Crude Inventories

 

05/04

 

 

NA

 

NA

 

6.696M

 

 

May 09

 

08:30

 

Initial Claims

 

05/04

 

 

340K

 

336K

 

324K

 

 

May 09

 

08:30

 

Continuing Claims

 

04/27

 

 

3050K

 

3019K

 

3019K

 

 

 

                 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

May 09

 

10:00

 

Wholesale Inventories

 

Mar

 

 

0.3%

 

0.3%

 

-0.3%

 

 

May 09

 

10:30

 

Natural Gas Inventories

 

05/04

 

 

NA

 

NA

 

43 bcf

 

 

May 10

 

14:00

 

Treasury Budget

 

Apr

 

 

NA

 

NA

 

+$59.1B

 


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

1558.5

1583.75

1619

1631

1624.5

1639.50

Jun Nasdaq


U

2784

2860.75

2946

2974

2981

3024.50

Jun JY


D

99.25

100.12

97.84

100.82

102.49

103.99

Jun EC


U

129.19

130.16

129.60

131.29

132.29

133.45

Jun 10 Year


D

132.03

132.15

132.16

132.29

133.16

134.04

Jun 30 Year


D

145.01

146.12

145.24

147.08

148.28

150.21

July Soybeans


U

13.37

13.615

13.93

14.16

14.18

15.50

July Corn


U

6.08

6.34

6.34

6.57

6.78

6.95

June Gold


D

1418.3

1444.50

1442

1479

1491.9

1513.3

July Silver


PRD( U)

22.58

23.33

23.56

24.21

24.70

25.32

July Copper


PRD( U)

294

312

331

337

340

349

June Crude


U

87.99

91.80

99.57

96.99

97.73

99.85

 

 

 

 

 

 

 

 

 News