8.08.12
Top Day Market News
Back from a couple of days of vacation. As far as eco releases, the main thing is the oil inventory report at 10:30. Oil over the past two sessions lifted primarily due to the unemployment number as jobs creation came in at 163K as against an expectation of 100K. The decline in the EC this morning is based on projected Euro zone weakness and this has bled into the oil complex in the first hours of trade today. The American Petroleum Institute reported last night that crude consumption declined by 4% to 15.9 million barrels a day. Gasoline demand was the lowest since February which is curious as August is a heavy vacation demand month. At the same time, API stated that crude stocks declined by 5.4 million barrels. Traders are looking for a decline of 1.6 million barrels according to the Dept. of Energy. Additionally, hurricane Ernesto weakened to a tropical storm. German industrial production also declined in June.
|
Week of August 06 - August 10 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 07 |
15:00 |
|
Jun |
$6.5B |
$10.0B |
$10.0B |
$16.7B |
$17.1B |
|
Aug 08 |
07:00 |
MBA Mortgage Index |
08/04 |
-1.8% |
NA |
NA |
0.2% |
|
|
Aug 08 |
08:30 |
|
Q2 |
|
1.5% |
1.5% |
-0.9% |
|
|
Aug 08 |
08:30 |
Q2 |
|
0.5% |
0.4% |
1.3% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 08 |
10:30 |
Crude Inventories |
08/04 |
|
NA |
NA |
-6.522M |
|
|
Aug 09 |
08:30 |
|
08/04 |
|
385K |
375k |
365K |
|
|
Aug 09 |
08:30 |
|
07/28 |
|
3300K |
3290K |
3272K |
|
|
Aug 09 |
08:30 |
|
Jun |
|
-$48.0B |
-$47.5B |
-$48.7B |
|
|
Aug 09 |
10:00 |
Jun |
|
0.6% |
0.3% |
0.3% |
|
|
|
Aug 10 |
08:30 |
|
Jul |
|
NA |
NA |
-1.4% |
|
|
Aug 10 |
08:30 |
|
Jul |
|
NA |
NA |
-0.3% |
|
|
Aug 10 |
14:00 |
|
Jul |
|
NA |
NA |
- $129.4B |
|
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 |
D |
1335 |
1362 |
1380.25 |
1404.25 |
1403.2 5 |
1417.50 |
|
Sept Nasdaq |
U |
2569.50 |
2620.25 |
2698.25 |
2726.50 |
2703.5 0 |
2732.00 |
|
Sept Yen |
U |
126.14 |
126.71 |
126.84 |
128.38 |
128.13 |
128.98 |
|
Sept EC
|
U |
120.38 |
122.10 |
123.48 |
124.49 |
124.83 |
125.84 |
|
Sept 10 Year
|
D |
133.01 |
133.15 |
133.00 |
133.31 |
134.20 |
135.11 |
|
Sept 30 Year
|
D |
147.14 |
148.13 |
147.11 |
149.20 |
151.11 |
153.06 |
|
NovSoybeans
|
D |
15.61 |
15.94 |
15.34 |
15.934 |
16.63 |
16.97 |
|
Sept Corn
|
D |
7.63 |
7.864 |
7.834 |
8.046 |
8.29 |
8.48 |
|
DEC Gold
|
D |
1563.0 |
1585.0 |
1604.7 |
1619.0 |
1630.3 |
1653.6 |
|
Sept Silver
|
U |
26.20 |
26.98 |
27.55 |
28.265 |
28.44 |
29.11 |
|
Sept Copper
|
U |
320 |
328 |
334 |
346 |
345 |
353 |
|
Sept Crude
|
U |
85.19 |
88.29 |
92.16 |
94.80 |
93.11 |
94.83 |
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