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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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Oil hits $106 as strong US data eases Fed jitters.

 Market News

6.18.12

Top Day Market News

Overnight, the Greek elections have probably produced a coalition government which buys them some time. Other developments weren’t quite as positive as Spanish 10 year bond yields rise to a new euro record of 7.13%. This in turn has made the dollar stronger and depressed commodity prices such as crude oil. The US calendar is light with just the housing index at 10:00.

June currency contracts expire this morning, so get out now or roll forward.

 

 

Week of June 18 - June 22

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Jun 18

 

10:00

 

NAHB Housing Market Index

 

Jun

 

 

28

 

28

 

29

 

 

Jun 19

 

08:30

 

Housing Starts

 

May

 

 

710K

 

719K

 

717K

 

 

Jun 19

 

08:30

 

Building Permits

 

May

 

 

720K

 

725K

 

715K

 

 

Jun 20

 

07:00

 

MBA Mortgage Index

 

06/16

 

 

NA

 

NA

 

18.0%

 

 

Jun 20

 

10:30

 

Crude Inventories

 

06/16

 

 

NA

 

NA

- 0.191M

 

 

Jun 20

 

12:30

 

FOMC Rate Decision

 

Jun

 

 

0.25%

 

0.25%

 

0.25%

 

 

Jun 21

 

08:30

 

Initial Claims

 

06/16

 

 

380K

 

380K

 

386K

 

 

Jun 21

 

08:30

 

Continuing Claims

 

06/09

 

 

3250K

 

3278K

 

3278K

 

 

Jun 21

 

10:00

 

Existing Home Sales

 

May

 

 

4.50M

 

4.56M

 

4.62M

 

 

Jun 21

 

10:00

 

Philadelphia Fed

 

Jun

 

 

-3.5

 

-0.2

 

-5.8

 

 

Jun 21

 

10:00

 

Leading Indicators

 

May

 

 

0.0%

 

0.0%

 

-0.1%

 

 

Jun 21

 

10:00

 

FHFA Housing Price Index

 

Apr

 

 

NA

 

NA

 

1.8%

 

 

 

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

Sept ES

U

1280.50

1309.00

1328.50

1347.50

1354.0

0

1370.50

Sept Nasdaq

U

2462.50

2513.50

2542.50

2589.25

2606.2

5

2648.50

Sept Yen

U

124.68

125.88

125.19

127.65

127.78

128.48

Sept EC

U

123.51

124.94

125.93

127.20

127.28

128.19

Sept 10 Year

D

132.01

132.29

132.23

134.01

134.09

134.26

Sept 30 Year

D

145.22

127.22

148.00

150.08

150.27

152.00

Nov Soybeans

U

12.74

12.94

13.06

13.31

13.41

13.69

Sept Corn

D

4.82

4.95

5.03

5.32

5.365

5.637

Aug Gold

U

1562.7

1595.5

1612.90

1635.50

1648.2

1668.1

July Silver

D

27.70

28.19

28.34

28.80

29.14

29.59

July Copper

PRD(U)

326

333

335

344

341

349

Aug Crude

U

78.74

81.61

83.67

85.75

87.13

89.78

 News