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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Japan is bracing for a flood that is said to be worst in 200 years.

05.31.03

Top Day Recommendations

The end of another month, already. Consumer spending came in on the sell side down 0.2%. Personal income was unchanged. Treasuries rallied going into the number but sold off on the release of the number. The currency market is next with the yen higher on risk off while the EC holds technical support as does the British pound. The Aussie dollar is low on Chinese contraction. 9648 provided a good support for the Canadian dollar overnight. The market is clearly range bound as 3024 was a good ceiling for the NASDAQ yesterday and we are currently 25 handles lower. Japan is bracing for a flood that is said to be the worst in 200 years and actually worse than Sandy. Markets there are 11% off the highs. Hopefully this won’t result in another nuclear event. Enjoy the weekend.


 

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

 

 

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

1642.75

1662.50

1679.50

1709.25

Jun Nasdaq


D

2910

2951

2967

3029.75

3043

3094

Jun JY


PRD( U)

9528

9714

98.35

99.67

10011

10122

Jun EC


PRD( U)

127.35

128.27

129.55

130.94

130.05

130.91

Jun 10 Year


D

130.01

130.22

130.06

130.25

132.06

133.01

Jun 30 Year


D

140.25

142.25

141.02

141.32

144.28

146.13

July Soybeans


PRD( D)

13.85

14.30

14.75

15.17

15.34

15.92

July Corn


D

6.15

6.36

6.466

6.64

6.73

6.90

June Gold


PRD( U)

1301.3

13.43

1394

1423

1420

1455

July Silver


PRD(U)

18.91

20.61

22.31

23.06

23.65

24.99

July Copper


U

317

323

327

334

338

347

July Crude


U

89.33

91.60

92.17

94.51

96.74

99.61