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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

Resource Pages | Friend Pages

Crude under pressure

Market News

Top Day Recommendations

7.06.12

Unemployment number today with the jobs creation forecast at 100K.

ADP private jobs forecast came in yesterday better than expected. So did initial claims. Maybe it was just too hot to wait in the unemployment line. These numbers are seasonally adjusted. Going forward maybe they should be temperature adjusted. That said, price action for equities wasn’t that great considering the ECB and Chinese rate cuts and the Bank Of England decided to continue its bond buying program (its own version of QE).

Crude was under pressure last night as the Japanese nuclear startup may reduce crude oil consumption by 60K barrels a day and the Norwegian government was expected to intervene in the current strike.

Stay out of the heat over the weekend.

Week of July 02 - July 06

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Jul 02

10:00

ISM Index

Jun

 

51.5

52.2

53.5

 

 

Jul 02

 

10:00

Construction

Spending

 

May

 

 

0.2%

 

0.2%

 

0.3%

 

Jul 03

10:00

Factory Orders

May

 

0.5%

0.4%

-0.6%

 

Jul 03

14:00

Auto Sales

Jun

 

NA

NA

4.7M

 

Jul 03

14:00

Truck Sales

Jun

 

NA

NA

5.9M

 

Jul 05

07:00

MBA Mortgage Index

06/30

 

NA

NA

-7.1%

 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Jul 05

07:30

Challenger Job Cuts

Jun

 

NA

NA

66.7%

 

 

Jul 05

 

08:15

ADP Employment

Change

 

Jun

 

 

110K

 

105K

 

133K

 

Jul 05

08:30

Initial Claims

06/30

 

385K

385K

386K

 

Jul 05

08:30

Continuing Claims

06/23

 

3275K

3283K

3296K

 

Jul 05

10:00

ISM Services

Jun

 

53.0

53.0

53.7

 

 

Jul 05

 

11:00

 

Crude Inventories

 

06/30

 

 

NA

 

NA

-

0.133M

 

Jul 06

08:30

Nonfarm Payrolls

Jun

 

100K

100K

69K

 

 

Jul 06

 

08:30

Nonfarm Private

Payrolls

 

Jun

 

 

110K

 

105K

 

82K

 

Jul 06

08:30

Unemployment Rate

Jun

 

8.1%

8.2%

8.2%

 

Jul 06

08:30

Hourly Earnings

Jun

 

0.1%

0.2%

0.1%

 

Jul 06

08:30

Average Workweek

Jun

 

34.5

34.4

34.4

 

 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

1282.50

1319.50

1346.50

1372.0

1376.5

0

1396.50

Sept

Nasda q

U

2463.75

2536.75

2605

2658.50

2649.5

0

2689..25

Sept

Yen

D

122.97

124.16

124.44

125.74

126.53

127.71

Sept

EC

D

123.10

124.89

122.19

125.53

127.75

128.82

Sept 10

Year

D

132.13

132.28

133.21

134.12

133.30

134.16

Sept 30

Year

D

146.09

147.04

148.14

149.27

149.13

150.27

Nov Soybea ns

Prd(U)

13.73

14.00

15.03

15.52

14.41

14.67

Sept

Corn

U

5.31

5.79

6.76

7.30

6.63

6.98

 

 

Aug

Gold

D

1524.40

1561.50

1583.4

1623.4

1621.7

0

1644.80

Sept

Silver

D

25.34

26.40

26.96

28.20

28.21

28.96

Sept Coppe r

D

320

335

343

353

358

366

Aug

Crude

U

74.43

79.65

85.08

88.63

87.71

90.55

 

 

 

 

 

 

 

 

 News