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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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Stocks were higher overnight

Market News

Top Day Market News

5.19.11

Last data points of the week. Stocks were higher overnight and got a bit of a boost with weekly jobless claims down 29K. UK retail sales better but the trend on that currency is negative. The tsunami has officially thrown Japan into recession. The FOMC notes released yesterday suggested that the FED is looking to withdraw stimulus, just not in a hurry to literally raise rates. The end of QE2 is a defacto tightening, however as the buyer of first and last resort withdraws making the paper more expensive to draw buyers. Strangely we have a divergence today: there’s a seller in gold but not in silver. Bonds are finally coming off from their multi day rally.

 June crude is coming off the board. Move to July asap.

They are good till close of business today. These are strictly technical in nature, not fundamentally based or biased.

 Legend

 P is Positive

 N is Negative

 PRD is Potential Reversal Day

 S2 is strong support S1 is good support DS is Daily Support

DR is Daily Resistance R1 is Good Resistance R2 is Strong Resistance

Levels are for the most active futures contract

 Daily Support and Resistance

 

                       Trend            S2                S1                DS                DR               R1              R2

Emini

S+P

P

1311

1322.5

0

1328.50

1350.0

1352`

1369

Emini

Naz

PRD

2338.50

2363.5

0

2341.50

2373

2400.50

2431

Yen

PRD

121.97`

122.84

121.62

123.31

124.68

125.65

EC

N

138.21

139.60

141.75

142.68

143.46

145.69

10 Year

P

121.05

121.26

121.29

123.02

123.02

123.20

30 Year

P

122.21

123.17

123.22

125.01

125.07

126.01

Soybea ns

P

12.88

13.08

13.51

13.97

13.55

13.804

Corn

P

6.234

6.526

7.306

7.69

7.174

7.53

June

Gold

N

1450.3

1472.2

1487.0

1502.0

1521.4

1548.7

July

Silver

P

28.53

31.94

34.11

35.81

39.10

42.87

July

Copper

PRD

375

387.7

404.40

411.50

410.80

421.10

July

Crude

N

90.83

94.86

98.54.

101.99

104.20

109.08

 

News