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 is lower going into the number based on reduced expectations for energy off-take from China.

Market News

05.30.03

Top Day Market News

Pending home sales at 10. The crude stats from the Energy Information Agency, the statistical arm of the Department of Energy, will be released at 10:30 AM. They were delayed of course by the observance of Memorial Day on Monday. The trade is looking for a draw in crude stocks of 500,000 barrels. The American Petroleum Institute, the industry tabulation, stated that crude stocks rose by 4.4 million barrels. Crude is lower going into the number based on reduced expectations for energy off-take from China.

The second estimate of first quarter GDP comes in at 2.4%. Initial jobless claims were higher by 10,000 to 354,000. These numbers are a little on the weak side and may encourage arguments against tapering quantitative easing which would be a stock market positive.


 

Week of May 27 - May 31

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

May 28

 

09:00

 

Case-Shiller 20-city Index

 

Mar

 

 

10.0%

 

10.1%

 

9.3%

 

 

May 28

 

10:00

 

Consumer Confidence

 

May

 

 

72.5

 

72.5

 

68.1

 

 

May 29

 

07:00

 

MBA Mortgage Index

 

05/25

 

 

NA

 

NA

 

-9.8%

 

 

May 30

 

08:30

 

Initial Claims

 

05/25

 

 

345K

 

340K

 

340K

 

 

May 30

 

08:30

 

Continuing Claims

 

05/18

 

 

3000K

 

3000K

 

2912K

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

May 30

 

08:30

 

GDP - Second Estimate

 

Q1

 

 

2.7%

 

2.5%

 

2.5%

 

 

May 30

 

08:30

 

GDP Deflator - Second Estimate

 

Q1

 

 

1.2%

 

1.2%

 

1.2%

 

 

May 30

 

10:00

 

Pending Home Sales

 

Apr

 

 

0.0%

 

1.5%

 

1.5%

 

 

May 30

 

10:30

 

Natural Gas Inventories

 

05/25

 

 

NA

 

NA

 

89 bcf

 

 

May 30

 

11:00

 

Crude Inventories

 

05/25

 

 

NA

 

NA

- 0.338M

 

 

May 31

 

08:30

 

Personal Income

 

Apr

 

 

-0.2%

 

0.1%

 

0.2%

 

 

May 31

 

08:30

 

Personal Spending

 

Apr

 

 

0.1%

 

0.1%

 

0.2%

 

 

May 31

 

08:30

 

PCE Prices - Core

 

Apr

 

 

0.1%

 

0.1%

 

0.0%

 

 

May 31

 

09:45

 

Chicago PMI

 

May

 

 

49.5

 

49.3

 

49.0

 

 

May 31

 

09:55

 

Michigan Sentiment - Final

 

May

 

 

82.5

 

83.7

 

83.7

 


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


D

1605

1626

1637

1656

1679.50

1709.25

Jun Nasdaq


D

2910

2951

29799

3010

3043

3094

Jun JY


D

9528

9714

97.83

99.60

10011

10122

Jun EC


D

127.35

128.27

128.56

129.97

130.05

130.91

Jun 10 Year


D

130.01

130.22

129.27

130.26

132.06

133.01

Jun 30 Year


D

140.25

142.25

140.13

142.10

144.28

146.13

July Soybeans


U

13.85

14.30

14.88

15.17

15.34

15.92

July Corn


D

6.15

6.36

6.54

6.71

6.73

6.90

June Gold


D

1301.3

13.43

1381

1397

1420

1455

July Silver


D

18.91

20.61

22.22

22.57

23.65

24.99

July Copper


U

317

323

324

332

338

347

July Crude


U

89.33

91.60

92.23

94.62

96.74

99.61

 

 

 

 

 

 

 

 

 News