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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Key market to watch technically today will be the bond market.

5.20.2014

Top Day Market News

Another light day in terms of economic releases. Aussie is lower on Central Bank assurances that they will keep interest rates lower for the foreseeable future. Crude drifts higher on ideas that there will be further draws in supplies at Cushing, Oklahoma the hub for the benchmark West Texas Intermediate oil. At the same time, wheat is higher on deteriorating crop conditions. Key market to watch technically today will be the bond market.

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

1871

1888

1896

1917

June Nasdaq

PRD(U)

3498

3541

3580

3632

3625

3666

June Yen

U

97.29

97.91

98.47

98.95

98.95

99.37

June EC

D

135.74

136.38

136.73

137.32

137.65

138.33

June 10 Year Note

PRD(D)

124.00

124.28

125.18

125.31

126.13

127.11

June 30 Year Bond

PRD(D

133.30

135.22

136.19

137.18

138.21

139.28

July Soybeans

D

14.38

14.51

14.63

14.99

14.97

15.03

July Corn

D

4.64

4.73

4.74

4.84

4.99

5.16

June Gold

D

1261.7

1277

1286.90

1303.10

1308.7

1324.7

July Silver

D

18.51

18.93

19.21

19.53

19.89

20.42

July Copper

U

304

309.40

314.30

318.70

138.30

323.00

July Crude

U

98.26

99.58

101.62

102.59

102.70

103.70