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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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Silver falls to its lowest since 2010.

Market News

05.20.03

Top Day Recommendations

No economic releases today. Overnight, silver falls to its lowest level since 2010 and money continues to pour out of gold. Silver is down 28% for the year. God is down 19% for the year.

Better signs of economic activity in Japan has the Yen higher overnight. Interest rate futures are higher after being heavily sold last week.  Wednesday looks like the focus for the week with testimony by the Fed Chairman as well as release of the minutes from the last Fed meeting will be released.


 

Week of May 20 - May 24

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

May 22

 

07:00

 

MBA Mortgage Index

 

05/18

 

 

NA

 

NA

 

-7.3%

 

 

May 22

 

10:00

 

Existing Home Sales

 

Apr

 

 

5.05M

 

4.98M

 

4.92M

 

 

May 22

 

10:00

 

Bernanke Testimony

 

 

 

 

 

 

 

May 22

 

10:30

 

Crude Inventories

 

05/18

 

 

NA

 

NA

- 0.624M

 

 

May 22

 

14:00

 

FOMC Minutes

 

5/1

 

 

 

 

 

 

May 23

 

08:30

 

Initial Claims

 

05/18

 

 

350K

 

348K

 

360K

 

 

May 23

 

08:30

 

Continuing Claims

 

05/11

 

 

3015K

 

3005K

 

3009K

 

 

May 23

 

09:00

 

FHFA Housing Price Index

 

Mar

 

 

NA

 

NA

 

0.7%

 

 

May 23

 

10:00

 

New Home Sales

 

Apr

 

 

425K

 

425K

 

417K

 

 

May 23

 

10:30

 

Natural Gas Inventories

 

05/18

 

 

NA

 

NA

 

NA

 

 

May 24

 

08:30

 

Durable Orders

 

Apr

 

 

-1.5%

 

1.6%

 

-6.9%

 

-5.8%

 

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

1606

1635

1652

1669

1679

1694

Jun Nasdaq


U

2937

2981

3004

3034

3049

3072

Jun JY


D

94.52

96.22

96.49

97.66

98.19

99.46

Jun EC


D

126.53

127.42

127.88

128.82

129.76

130.21

Jun 10 Year


D

130.29

131.12

131.18

132.10

132.13

132.31

Jun 30 Year


D

142.09

143.04

142.22

145.02

145.06

146.13

July Soybeans


PRD( U)

13.74

14.11

14.31

14.57

1467

14.86

July Corn


D

6.20

6.36

6.42

6.66

6.77

6.85

June Gold


D

1292

1325

1332

1386

1419

1481

July Silver


D

20.92

21.56

21.72

22.05

23.34

24.48

July Copper


PRD( U)

314

323

325

335

338

346

June Crude


U

90.54

93.28

95.05

96.71

97.60

99.18

 

 

 

 

 

 

 

 

 News