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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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Copper was supported by better than expected Chinese manufacturing

7.01.2014

Top Day Market News

Two big items overnight; UK manufacturing Purchasing Managers Index at 4:30 am and the 10 am release of the US Purchasing Manager’s Index along with Construction Spending.

Yesterday, Soybeans continued their worst performance in 5 years as a better picture of acreage emerged. The plantings are ahead of last year by 11%. Copper was supported by better than expected Chinese manufacturing. The yen was supported by a better than expected reading for the Tanken survey.

Remember that Thursday is basically a half-day session in front of the holiday Friday. We will get non-farm payrolls though on Thursday.


Week

of June

30 - July 04

 

 

 

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jun 30

09:45

Chicago PMI

Jun

 

60.0

61.0

65.5

 

Jun 30

10:00

Pending Home Sales

May

 

0.5%

1.5%

0.4%

 

Jul 01

10:00

ISM Index

Jun

 

56.0

55.8

55.4

 

Jul 01

10:00

Construction  Spending

May

 

0.3%

0.4%

0.2%

 

Jul 01

14:00

Auto Sales

Jun

 

NA

NA

5.7M

 

Jul 01

14:00

Truck Sales

Jun

 

NA

NA

7.7M

 

Jul 02

07:00

MBA Mortgage Index

06/28

 

NA

NA

-1.0%

 

Jul 02

07:30

Challenger Job Cuts

Jun

 

NA

NA

45.5%

 

Jul 02

08:15

ADP Employment Change

Jun

 

200K

200K

179K

 

Jul 02

10:00

Factory Orders

May

 

-0.5%

-0.4%

0.7%

 

Jul 02

10:30

Crude Inventories

06/28

 

NA

NA

1.742M

 

Jul 03

08:30

Nonfarm Payrolls

Jun

 

230K

210K

217K

 

Jul 03

08:30

Nonfarm Private  Payrolls

Jun

 

220K

213K

216K

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jul 03

08:30

Unemployment Rate

Jun

 

6.3%

6.3%

6.3%

 

Jul 03

08:30

Hourly Earnings

Jun

 

0.2%

0.2%

0.2%

 

Jul 03

08:30

Average Workweek

Jun

 

34.5

34.5

34.5

 

Jul 03

08:30

Initial Claims

06/28

 

315K

315K

312K

 

Jul 03

08:30

Continuing Claims

06/21

 

2570K

2580K

2571K

 

Jul 03

08:30

Trade Balance

May

 

-$44.5B

-$45.2B

-$47.2B

 

Jul 03

10:00

ISM Services

Jun

 

56.5

56.5

56.3

 

Jul 03

10:30

Natural Gas Inventories

06/28

 

NA

NA

110 bcf

 


Numbers below 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

Support and Resistance Grid


 

Trend

WS2

WS1

DS

DR

WR1

WR2

Sept ES

U

1925

1939

1948

1961

1962

1973

Sept Nasdaq

U

3760

3791

3828

3861

3852

3873

Sept Yen

U

97.08

97.88

96.31

98.88

99.52

100.36

Sept EC

D

135.49

136.00

136.30

137.18

136.79

137.07

Sept 10 Year Note

U

126.25

124.14

125.00

125.09

125.16

125.29

Sept 30 Year Bond

U

134.16

135.19

136.26

137.12

137.23

138.19

Aug Soybeans

U

13.30

13.54

12.99

13.75

13.97

14.11

Sept Corn

PRD(U)

4.23

4.37

4.097

4.40

4.52

4.62

Aug Gold

U

1294.80

1305.4

131.10

133.12

1326.6

1337.20

Sept Silver

U

20.50

20.73

20.85

21.21

21.22

21.48

Sept Copper

U

307.00

311.60

317.40

322.20

320

323

Aug Crude

U

103.62

104.18

104.86

105.96

107.15

108.56