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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 is under pressure as China cuts manufacturing demand.

07-26-2013

Top Day Market News

Just one piece of eco information today: the University of Michigan consumer sentiment index. Yesterday was marked by a weaker dollar and lower grains. Stocks just chopped. Soybeans at a 17 month low. Massive plantings and great weather confronts slack export demand resulting in crushed prices going into seasonal harvest pressures.  Speaking of demand, demand at the Treasury auction was characterized as weak. Weak demand suggests higher rates to entice bidders.

Yenis higher as Euro shares falter. Crude is under pressure as China cuts manufacturing demand. China is world’s second largest consumer of energy.

 

 

Week of July 22 - July 26

 

Date

 

ET

 

Release

 

For

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

Jul 22

10:00

Existing Home Sales

Jun

5.25M

5.28M

5.18M

 

 Jul 23

 09:00

FHFA Housing Price Index

 May

 NA

 NA

 0.7%

 

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

 

Jul 25

08:30

Initial Claims

07/20

NA

328K

334K

 

Jul 25

08:30

Continuing Claims

07/13

NA

2990K

3114K

 

Jul 25

08:30

Durable Orders

Jun

0.6%

1.5%

3.7%

3.6%

 Jul 25

 08:30

Durable Goods –ex trans

 Jun

 0.3%

 0.4%

 0.5%

 0.7%

 Jul 25

 10:30

Natural Gas Inventories

 07/20

 NA

 NA

 58 bcf

 

Jul 26

09:55

Michigan Sentiment - Final

Jul

84.2

84.2

83.9

 

                 

 

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

1657

1673

1675

1695

1696

1706

Sept Nasdaq

U

2997

3021

3032

3063

3077

3110

Sept Yen

U

98.04

98.92

99.63

101.98

100.92

102.04

Sept EC

U

129.17

130.20

131.76

133.07

132.10

132.90

Sept 10 Year

D

125.07

126.05

126.01

126.29

127.21

128.07

Sept 30 Year

D

132.15

133.10

133.18

134.27

136.14

137.13

Nov Soybean

D

12.27

12.51

11.89

12.49

12.97

13.20

Sept Corn

D

5.24

5.34

4.81

5.07

5.51

5.59

Aug Gold

U

1257

1276

1312.30

1341.40

1307

1318.60

Sept Silver

U

18.86

19.07

19.83

20.38

20.03

20.59

Sept Copper

U

305

310

313

320

319.00

324.00

Sept Crude

U

102.50

105.39

104.42

106.21

110.05

111.82