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

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Crude and copper are higher.

5.19.2014

Top Day Market News

European stocks were lower overnight and have provided an overnight drag to US equities. Crude and copper are higher while Bonds are higher on risk aversion. Money managers are at a two year high in terms of cash holdings. Traders have decided that it’s probably best to believe that Mario Draghio will lower interest rates in June and consequently, the EC is pricing this event into its valuation.

A slow news week in terms of economic releases as you can see from the slate.

Week of May 19 - May 23

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

May 21

07:00

MBA Mortgage Index

05/17

 

NA

NA

3.6%

 

May 21

10:30

Crude Inventories

05/17

 

NA

NA

0.947M

 

May 21

14:00

FOMC Minutes

4/30

 

 

 

 

 

May 22

08:30

Initial Claims

05/17

 

320K

305K

297K

 

May 22

08:30

Continuing Claims

05/12

 

2700K

2700K

2667K

 

May 22

10:00

 

Existing Home Sales

Apr

 

4.62M

4.66M

4.59M

 

 

May 22

10:00

Leading Indicators

Apr

 

0.3%

0.5%

0.8%

 

May 22

10:30

Natural Gas Inventories

05/17

 

NA

NA

105 bcf

 

May 23

10:00

New Home Sales

Apr

 

400K

415K

384K

 

 

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

1838

1856

1856

1878

1896

1917

June Nasdaq

D

3498

3541

3554

3600

3625

3666

June Yen

U

97.29

97.91

98.37

98.53

98.95

99.37

June EC

D

135.74

136.38

136.78

137.44

137.65

138.33

June 10 Year Note

U

124.00

124.28

125.20

125.31

126.13

127.11

June 30 Year Bond

U

133.30

135.22

137.08

138.01

138.21

139.28

July Soybeans

D

14.38

14.51

14.58

14.75

14.97

15.03

July Corn

D

4.64

4.73

4.76

4.86

4.99

5.16

June Gold

D

1261.7

1277

1287

1303

1308.7

1324.7

July Silver

PRD(D)

18.51

18.93

19.21

1.644

19.89

20.42

July Copper

U

304

309.40

313

317

138.30

323.00

July Crude

U

98.26

99.58

101.11

102.24

102.70

103.70