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

Resource Pages | Friend Pages

Crude has been in a reversal since Ukrainian elections this past weekend.

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