07-24-2013
Top Day Market News
An unexpected contraction in Chinese manufacturing should be a negative factor for Aussie and Crude today. Aussie is one of China’s prime suppliers while China is the second largest consumer of oil in the world.
The Chinese Purchasing Manager’s Index came in at 47.7 versus an expectation of 48.2.
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Week of July 22 - July 26 |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
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Jul 22 |
10:00 |
Existing Home Sales |
Jun |
5.25M |
5.28M |
5.18M |
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|
|
Jul 22 |
09:00 |
FHFA Housing Price Index |
May |
NA |
NA |
0.7% |
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|
Jul 24 |
07:00 |
MBA Mortgage Index |
07/20 |
NA |
NA |
NA |
|
|
|
Jul 24 |
10:00 |
New Home Sales |
Jun |
470K |
481K |
476K |
|
|
|
Jul 24 |
10:30 |
Crude Inventories |
07/20 |
NA |
NA |
-6.902M |
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|
|
Jul 25 |
08:30 |
Initial Claims |
07/20 |
NA |
328K |
334K |
|
|
|
Jul 25 |
08:30 |
Continuing Claims |
07/13 |
NA |
2990K |
3114K |
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Jul 25 |
08:30 |
Durable Orders |
Jun |
0.6% |
1.5% |
3.7% |
3.6% |
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|
Jul 25 |
08:30 |
Durable Goods –ex trans |
Jun |
0.3% |
0.4% |
0.5% |
0.7% |
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|
Jul 25 |
10:30 |
Natural Gas Inventories |
07/20 |
NA |
NA |
58 bcf |
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Jul 26 |
09:55 |
Michigan Sentiment - Final |
Jul |
84.2 |
84.2 |
83.9 |
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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
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
U |
1657 |
1673 |
1684 |
1693 |
1696 |
1706 |
|
Sept Nasdaq |
U |
2997 |
3021 |
3013 |
3049 |
3077 |
3110 |
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Sept Yen |
U |
98.04 |
98.92 |
99.98 |
101.04 |
100.92 |
102.04 |
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Sept EC |
U |
129.17 |
130.20 |
131.87 |
132.64 |
132.10 |
132.90 |
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Sept 10 Year |
D |
125.07 |
126.05 |
126.24 |
127.06 |
127.21 |
128.07 |
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Sept 30 Year |
PRD(D) |
132.15 |
133.10 |
134.21 |
135.19 |
136.14 |
137.13 |
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Nov Soybeans |
U |
12.27 |
12.51 |
12.47 |
12.84 |
12.97 |
13.20 |
|
Sept Corn |
U |
5.24 |
5.34 |
5.162 |
5.34 |
5.51 |
5.59 |
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Aug Gold |
U |
1257 |
1276 |
1323.9 |
1347 |
1307 |
1318.60 |
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Sept Silver |
U |
18.86 |
19.07 |
20.02 |
20.53 |
20.03 |
20.59 |
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Sept Copper |
U |
305 |
310 |
316 |
322 |
319.00 |
324.00 |
|
Sept Crude |
U |
102.50 |
105.39 |
105.94 |
108.06 |
110.05 |
111.82 |
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