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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

Resource Pages | Friend Pages

The British pound is at a six-week low.

Market News

05.21.03

Top Day Recommendations

Last trading day for June Crude today so roll now rather than later. Again, there are no economic releases scheduled for today. Overnight the DAX backed away from highs snapping a 10 day rally. US stocks are a little changed. Most of the action is occurring in the currency markets. The British pound is at a six-week low. Yesterday was a weaker dollar today but that did not hold. Again the main feature of the week will be the testimony of the Fed chairman tomorrow and the release of the FOMC minutes. Gold had a huge reversal day yesterday but that failed to hold did a stronger dollar soaring. Part of the reason behind goals recent decline is import restrictions put in place by Indian authorities.


 

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%

 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

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%

 

May 24

 

08:30

 

Durable Goods –ex transportation

 

Apr

 

 

-0.5%

 

0.5%

 

-2.9%

 

-1.5%


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

1659.25

1670.25

1679

1694

Jun Nasdaq


U

2937

2981

3010

3032

3049

3072

Jun JY


D

94.52

96.22

96.89

98.08

98.19

99.46

Jun EC


D

126.53

127.42

128.46

129.27

129.76

130.21

Jun 10 Year


D

130.29

131.12

131.12

132.02

132.13

132.31

Jun 30 Year


D

142.09

143.04

142.31

144.11

145.06

146.13

July Soybeans


U

13.74

14.11

14.49

14.72

1467

14.86

July Corn


D

6.20

6.36

6.33

6.59

6.77

6.85

June Gold


D

1292

1325

1347.60

1409.20

1419

1481

July Silver


D

20.92

21.56

20.80

23.79

23.34

24.48

July Copper


U

314

323

329

339

338

346

July Crude


U

90.54

93.28

95.81

98.46

97.60

99.18

 

 

 

 

 

 

 

 

 News