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Phone: 312.920.0212
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Suite EE
Merrillville, IN 46410

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Crude oil spikes over Egyptian political turmoil.

07.03.13

Top Day Recommendations

It’s a busy day in terms of economic releases. There are also early closings to contend with in front of the Fourth of July holiday.

ADP private jobs forecast comes out at 8:15. The number came in at +188 which beat consensus. This preliminary gauge to Friday’s big number will be followed by Thursday’s usual release of weekly jobless claims. Then there’s the Institute for Supply Management services index at 10 and finally crude inventories out at 10:30 AM.

Overnight, stocks in Europe fell sharply as Portugal’s coalition government broke apart and crude oil soared well over a $100 a barrel on Egyptian political turmoil.

Check with the trading desk on Early closings for some markets.


 

Week of July 01 - July 05

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

Jul 01

10:00

ISM Index

Jun

 

50.5

50.5

49.0

 

 Jul 01

 10:00

Construction Spending

 May

 

 0.5%

 0.5%

 0.4%

 

Jul 02

10:00

Factory Orders

May

 

2.0%

2.0%

1.0%

 

Jul 02

14:00

Auto Sales

Jun

 

NA

NA

5.3M

 

Jul 02

14:00

Truck Sales

Jun

 

NA

NA

6.8M

 

Jul 03

07:00

MBA Mortgage Index

06/29

 

NA

NA

-3.0%

 

Jul 03

07:30

Challenger Job Cuts

Jun

 

NA

NA

-41.2%

 

 Jul 03

 08:15

ADP Employment Change

 Jun

 

 150K

 150K

 135K

 

Jul 03

08:30

Initial Claims

06/29

 

345K

348K

346K

 

Jul 03

08:30

Continuing Claims

06/15

 

2960K

2955K

2965K

 

 Jul 03

 08:30

 Trade Balance

 May

 

 -$42.0B

 -$40.8B

-$40.3B

 

Jul 03

10:00

ISM Services

Jun

 

53.5

54.0

53.7

 

Jul 03

10:30

Crude Inventories

06/29

 

NA

NA

0.018M

 

 Jul 03

 12:00

Natural Gas Inventories

 06/29

 

 NA

 NA

 95 bcf

 

Jul 05

08:30

Nonfarm Payrolls

Jun

 

175K

165K

175K

 

 Jul 05

 08:30

Nonfarm Private Payrolls

 Jun

 

 190K

 179K

 178K

 

Jul 05

08:30

Unemployment Rate

Jun

 

7.6%

7.6%

7.6%

 

Jul 05

08:30

Hourly Earnings

Jun

 

0.2%

0.2%

0.0%

 

Jul 05

08:30

Average Workweek

Jun

 

34.5

34.5

34.5

 


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

1526.75

1561.00

1590.50

1617

1622.7

5

1649.25

Sept Nasdaq

U

2775.50

2837.25

2889

2940

2941.5

0

2983.50

Sept Yen


D

98.95

99.91

90.89

100.99

102.50

104.13

Sept EC


D

128.87

129.55

128.95

130.53

131.25

132.23

Sept 10 Year


D

124.08

125.13

126.13

127.02

127.10

128.02

Sept 30 Year


Prd (U)

132.01

133.30

135.20

136.22

136.30

138.01

Nov Soybeans


D

12.28

12.40

12.34

12.60

12.74

12.96

Sept Corn


D

5.12

5.29

5.23

5.39

5.75

6.04

Aug Gold


D

1117

1175

1232.40

1260.6

1297.2

1359.6

Sept Silver


U

17.29

18.44

19.08

19.65

20.46

21.33

Sept Copper


U

283

299

310

318

311

316

Aug Crude

U

90.56

93.50

98.29

101.25

98.65

100.80