07.10.13
Top Day Market News
Last night, there was a report that the Coast Guard was investigating a leaking well in the Gulf of Mexico and this was good for a run of over 60 cents a barrel after the stock market close. Also, the American Petroleum Institute reported another draw in crude stocks by 9 million barrels and gas stocks were lower by 3 million barrels, both bullish data points.
Today is busy with wholesale inventories out at 10 and Department of Energy supply/demand numbers for oil and its products at 10:30 and most importantly, the release of the Federal Open Market Committee meeting minutes at 2pm.
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Week of July 08 - July 12 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jul 08 |
15:00 |
Consumer Credit |
May |
|
NA |
NA |
$11.1B |
|
|
|
Jul 10 |
07:00 |
MBA Mortgage Index |
07/06 |
|
NA |
NA |
-11.7% |
|
|
|
Jul 10 |
10:00 |
Wholesale Inventories |
May |
|
NA |
NA |
0.2% |
|
|
|
Jul 10 |
10:30 |
Crude Inventories |
07/06 |
|
NA |
NA |
-10.347M |
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|
|
Jul 10 |
14:00 |
FOMC Minutes |
6/19 |
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|
|
|
|
|
|
Jul 11 |
08:30 |
Initial Claims |
07/06 |
|
NA |
NA |
343K |
|
|
|
Jul 11 |
08:30 |
Continuing Claims |
06/29 |
|
NA |
NA |
2933K |
|
|
|
Jul 11 |
08:30 |
Export Prices ex-ag. |
Jun |
|
NA |
NA |
-0.7% |
|
|
|
Jul 11 |
08:30 |
Import Prices ex-oil |
Jun |
|
NA |
NA |
-0.3% |
|
|
|
Jul 11 |
10:30 |
Natural Gas Inventories |
07/06 |
|
NA |
NA |
72 bcf |
|
|
|
Jul 11 |
14:00 |
Treasury Budget |
Jun |
|
NA |
NA |
-$59.7B |
|
|
|
Jul 12 |
08:30 |
PPI |
Jun |
|
NA |
NA |
0.5% |
|
|
|
Jul 12 |
08:30 |
Core PPI |
Jun |
|
NA |
NA |
0.1% |
|
|
|
Jul 12 |
09:55 |
Mich Sentiment |
Jul |
|
NA |
NA |
51.6 |
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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 |
1580 |
1604 |
1638 |
1351 |
11642 |
1658 |
|
Sept Nasdaq |
U |
2865 |
2914 |
2960 |
2986 |
2991 |
3019 |
|
Sept Yen |
D |
97.45 |
98.15 |
98.81 |
99.55 |
100.26 |
101.52 |
|
Sept EC |
D |
126.33 |
127.3 |
127.29 |
128.75 |
130.07 |
131.81 |
|
Sept 10 Year |
PRD(U) |
122.26 |
123.23 |
124.29 |
125.28 |
126.10 |
128.00 |
|
Sept 30 Year |
D |
129.05 |
130.29 |
132.31 |
134.00 |
135.20 |
13819 |
|
Nov Soybeans |
PRD(U) |
12.06 |
12.17 |
12.57 |
12.90 |
12.49 |
12.70 |
|
Sept Corn |
PRD(U) |
5.11 |
5.18 |
5.39 |
5.55 |
5.39 |
5.52 |
|
Aug Gold |
PRD(U) |
1172 |
1197.20 |
12.33 |
12.59 |
1257.3 |
1292.20 |
|
Sept Silver |
U |
17.78 |
18.17 |
18.88 |
19.43 |
19.73 |
20.60 |
|
Sept Copper |
U |
294 |
301 |
302 |
311 |
315 |
324 |
|
Aug Crude |
U |
93.51 |
98.57 |
102.30 |
105.98 |
106.18 |
108.73 |
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