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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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Crude was lower on lack of fresh headlines.

7.02.2014

Top Day Market News

Two big items again today: the ADP private jobs forecast at 8:15 and Factory orders at 10. Oil inventories at 10:30.

In the holiday week, with a lack of serious sellers around, the market surges higher. Maybe some of this is in expectation of a strong rebound in non farm payrolls on Thursday. The Yen was lower on lack of risk aversion. Bonds were lower in a counter reaction to the new equity market highs. Crude was lower on lack of fresh headlines. Grains continued under pressure due to crop size pressure.



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

 

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

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

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

1956

1973

1962

1973

Sept Nasdaq

U

3760

3791

3855

3904

3852

3873

Sept Yen

U

97.08

97.88

98.43

98.74

99.52

100.36

Sept EC

D

135.49

136.00

136.62

136.99

136.79

137.07

Sept 10 Year Note

U

126.25

124.14

124.23

125.02

125.16

125.29

Sept 30 Year Bond

U

134.16

135.19

136.00

136.29

137.23

138.19

Aug Soybeans

U

13.30

13.54

13.10

13.40

13.97

14.11

Sept Corn

D

4.23

4.37

4.11

4.19

4.52

4.62

Aug Gold

U

1294.80

1305.4

1322

1333

1326.6

1337.20

Sept Silver

U

20.50

20.73

21.01

21.24

21.22

21.48

Sept Copper

U

307.00

311.60

318.50

321.30

320

323

Aug Crude

PRD(D)

103.62

104.18

103.80

105.99

107.15

108.56