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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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Bonds are off a bit today as they are priced for recession

Market News

Top Day Market News

6.04.12

Just factory orders today at 10. Bonds are off a bit today as they are priced for recession. At the end of last week, commodities as a group were at 18 month lows. Slowdowns in China, India and the ongoing sovereign debt crisis acted synergistically to drop yields to unsustainable levels. The yield in German two year paper was actually negative. They will give you back less money than you gave them two years from now. Focus last week shifted to Spain and away from Greece last week. Gold rallied on QE3 hopes in the wake of the dismal unemployment number. Technically, the EC had a key reversal on Friday, a higher high, a lower low and a higher close but will it get enough headlines to carry it higher?

 

Week of June 04 - June 08

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Jun

04

 

10:00

 

Factory Orders

 

Apr

 

 

-0.3%

 

0.1%

 

-1.9%

 

-1.5%

Jun

05

 

10:00

 

ISM Services

 

May

 

 

52.0

 

53.0

 

53.5

 

Jun

06

 

07:00

 

MBA Mortgage Index

 

06/02

 

 

NA

 

NA

 

-1.3%

 

Jun

06

 

08:30

 

Productivity-Rev.

 

Q1

 

 

-0.8%

 

0.7%

 

-0.5%

 

Jun

06

 

08:30

 

Unit Labor Costs-Rev

 

Q1

 

 

2.2%

 

2.3%

 

-2.0%

 

Jun

06

 

10:30

 

Crude Inventories

 

06/02

 

 

NA

 

NA

 

2.213M

 

Jun

06

 

14:00

 

Fed's Beige Book

 

May

 

 

 

 

 

Jun

08:30

Initial Claims

06/02

 

375K

375K

383K

 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

07

 

 

 

 

 

 

 

 

Jun

07

 

08:30

 

Continuing Claims

 

05/26

 

 

3250K

 

3250K

 

3242K

 

Jun

07

 

15:00

 

Consumer Credit

 

Apr

 

 

$10.0B

 

$12.7B

 

$21.4B

 

Jun

08

 

08:30

 

Trade Balance

 

Apr

 

 

-$49.9B

 

-$49.9B

-

$51.8B

 

Jun

08

 

10:00

Wholesale

Inventories

 

Apr

 

 

0.2%

 

0.5%

 

0.3%

 


 

MARKET PLACE

 

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

D

1233.25

1253.50

1251

1296.50

1314.5

0

1354.50

June Nasda q

D

2377

2416

249.00

2500.00

2532

2609

June

Yen

U

124.14

126.10

127.13

128.89

124.91

130.76

June

EC

D

121.05

122.59

123.13

124.87

125.96

127.79

Sept 10

Year

U

131.19

133.05

134.04

135.04

135.20

136.16

Sept 30

Year

U

144.31

148.26

148.07

154.07

156.11

156.25

July

Soybea ns

U

12.70

13.07

13.21

13.62

13.91

14.39

July

Corn

D

5.29

5.40

5.41

5.70

5.73

5.94

Aug

Gold

U

1497.3

1562.4

1567

1654

1662.3

0

1697.0

July

Silver

D

26.60

27.63

27.56

29.07

29.22

29.78

 

July

Coppe r

D

316

324

325

336

345

358

July

Crude

D

76.0

81.80

79.73

85.78

89.55

95.84

 

 

 

 

 

 

 

 

 
News