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

Traders are looking for rebound in the EC to sell into.

5.12.2014

Top Day Market News

Ideas that the Chinese government will take steps to stimulate their economy had shares there higher overnight. In an effort to combat a general, economic slowdown, the Chinese seem to be ready to relax limits on foreign investment.

Today is a very quiet day in terms of economic releases with just a Treasury Budget statement at 2 PM. Traders are looking for rebound in the EC to sell into.

 

Week of May 12 - May 16

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

May 12

14:00

Treasury Budget

Apr

 

+$114.0B

+$114.0B

+$112.9B

 

May 13

08:30

Retail Sales

Apr

 

0.0%

0.3%

1.2%

1.1%

May 13

08:30

Retail Sales ex-auto

Apr

 

0.2%

0.6%

0.7%

 

May 13

08:30

Export Prices ex-ag.

Apr

 

NA

NA

0.5%

 

May 13

08:30

Import Prices ex-oil

Apr

 

NA

NA

0.3%

 

May 13

10:00

Business  Inventories

Mar

 

0.4%

0.4%

0.4%

 

May 14

07:00

MBA Mortgage Index

05/10

 

NA

NA

5.3%

 

May 14

08:30

PPI

Apr

 

0.2%

0.2%

0.5%

 

May 14

08:30

Core PPI

Apr

 

0.2%

0.2%

0.6%

 

May 14

10:30

Crude Inventories

05/10

 

NA

NA

-1.781M

 

May 15

08:30

Initial Claims

05/10

 

325K

325K

319K

 

May 15

08:30

Continuing Claims

05/03

 

2700K

2700K

2685K

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

May 15

08:30

CPI

Apr

 

0.2%

0.3%

0.2%

 

May 15

08:30

Core CPI

Apr

 

0.2%

0.2%

0.2%

 

May 15

08:30

Empire Manufacturing

May

 

5.0

4.8

1.3

 

May 15

09:00

Net Long-Term TIC Flows

Mar

 

NA

NA

$85.7B

 

May 15

09:15

Industrial Production

Apr

 

-0.2%

0.1%

0.7%

 

May 15

09:15

Capacity Utilization

Apr

 

79.0%

79.2%

79.2%

 

May 15

10:00

Philadelphia Fed

May

 

10.0

9.1

16.6

 

May 15

10:00

NAHB Housing Market Index

May

 

48

48

47

 

May 15

10:30

Natural Gas Inventories

05/10

 

NA

NA

74 bcf

 

May 16

08:30

Housing Starts

Apr

 

950K

975K

946K

 

May 16

08:30

Building Permits

Apr

 

1000K

1000K

990K

 

May 16

09:55

Mich Sentiment

May

 

83.5

84.5

84.1

 


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

1841

1857

1865

1882

1881

1901

June Nasdaq

D

 

3444

3497

3521

3578

3603

3656

June Yen

U

 

97.44

97.85

98.02

98.44

98.64

99.02

June EC

D

 

135.77

136.11

137.11

138.11

139.21

140.07

June 10 Year Note

U

 

124.01

124.18

124.20

125.05

125.10

125.0

June 30

U

 

134.27

135.11

135.12

136.09

136.14

137.25

Year Bond

 

 

 

 

 

 

 

July Soybean

Prd(U)

14.21

14.55

14.62

15.01

15.05

15.29

July Corn

D

4.84

4.95

5.01

5.18

5.21

5.34

June Gold

D

1265

1277.2

1286.90

1295.20

1308.5

1327

July Silver

D

18.60

18.89

19.00

19.27

19.62

20.05

July Copper

U

299

303.80

306

311

311.20

313.70

June Crude

D

92.77

98.90

99.43

100.90

101.17

102.31