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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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Euro zone needs to establish a rescue fund

Market News

Top Day Market News

6.06.12

ECB keeps interest rates unchanged. European stocks rallied and US stocks advanced as well as the market is anticipating something stimulative from Fed Chairman Bernanke over the next two days. Many are looking for QE3 but these liquidity injections (financial penicillin shots) lose their effectiveness with time and repetition. Euro zone needs to establish a rescue fund that is a de facto FDIC to prevent bank runs.

Oil inventories at 10:30 and the Beige book at 2.

 

 

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

07

 

08:30

 

Initial Claims

 

06/02

 

 

375K

 

375K

 

383K

 

Jun

07

 

08:30

 

Continuing Claims

 

05/26

 

 

3250K

 

3250K

 

3242K

 

Jun

07

 

15:00

 

Consumer Credit

 

Apr

 

 

$10.0B

 

$12.7B

 

$21.4B

 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

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

1272.75

1299.00

1314.5

0

1354.50

June Nasda q

Prd(U)

2377

2416

2468

2512.50

2532

2609

June

Yen

PRD(D)

124.14

126.10

125.82

127.85

124.91

130.76

June

EC

D

121.05

122.59

123.89

125.99

125.96

127.79

Sept 10

Year

PRD(D)

131.19

133.05

133.12

134.07

135.20

136.16

Sept 30

Year

PRD(D)

144.31

148.26

149.12

151.17

156.11

156.25

July

Soybea ns

U

12.70

13.07

13.39

13.69

13.91

14.39

July

Corn

D

5.29

5.40

5.60

5.83

5.73

5.94

Aug

Gold

PRD(D)

1497.3

1562.4

1611.3

1630.3

1662.3

0

1697.0

July

Silver

D

26.60

27.63

28.14

28.80

29.22

29.78

July

Coppe r

D

316

324

326

337

345

358

July

PRD(U)

76.0

81.80

83.42

85.78

89.55

95.84

 News