5.29.2014
Top Day Market News
Today’s hot number will be the second estimate of Q1 Gross Domestic Product. The Bond market has been signaling all along that the economy is probably weaker than most have been estimating and this release may help underscore that.
We also get weekly supply and demand figures for crude and its products. The release had been delayed a day due to the government holiday Monday. Crude has been in a reversal since Ukrainian elections this past weekend. Metals continue to trade defensively as the dollar has gained strength, particularly against the EC.
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 29 |
11:00 |
Crude Inventories |
05/24 |
|
NA |
NA |
- 7.226M |
|
|
May 30 |
08:30 |
Personal Income |
Apr |
|
0.3% |
0.3% |
0.5% |
|
|
May 30 |
08:30 |
Personal Spending |
Apr |
|
0.1% |
0.2% |
0.9% |
|
|
May 30 |
08:30 |
PCE Prices - Core |
Apr |
|
0.2% |
0.2% |
0.2% |
|
|
May 30 |
09:45 |
Chicago PMI |
May |
|
60.0 |
60.3 |
63.0 |
|
|
May 30 |
09:55 |
Michigan Sentiment - Final |
May |
|
81.0 |
81.4 |
81.8 |
|
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 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 |
1857 |
1874 |
1904 |
1918 |
1909 |
1921 |
|
June Nasdaq |
U |
|
3527 |
3601 |
3705 |
3728 |
3713 |
3715 |
|
June Yen |
PRD(U) |
97.27 |
97.67 |
98.00 |
98.59 |
98.83 |
99.59 |
|
|
June EC |
D |
|
13538 |
13582 |
135.53 |
136.57 |
137.02 |
137.78 |
|
June 10 Year Note |
U |
|
125.08 |
125.17 |
126.02 |
126.23 |
126.02 |
126.11 |
|
June 30 Year Bond |
U |
|
135.12 |
136.06 |
137.24 |
139.05 |
137.24 |
138.18 |
|
July Soybeans |
D |
|
14.22 |
14.68 |
14.86 |
15.13 |
15.49 |
15.83 |
|
July Corn |
U |
|
4.075 |
4.72 |
4.65 |
4.75 |
4.82 |
4.87 |
|
June Gold |
D |
|
1271 |
1282 |
1249.30 |
1268.80 |
1304.8 |
1316.80 |
|
July Silver |
D |
18.51 |
18.93 |
18.86 |
19.15 |
19.89 |
20.42 |
|
July Copper |
U |
306.40 |
311.60 |
314 |
318 |
320.15 |
323.50 |
|
July Crude |
PRD(D) |
103.72 |
103.95 |
102.15 |
104.10 |
104.37 |
104.56 |
|
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