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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

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The unemployment number as jobs creation came in at 163K as against an expectation of 100K

Market News

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

 

Consumer Credit

 

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

 

Productivity-Prel

 

Q2

 

 

1.5%

 

1.5%

 

-0.9%

 

Aug

08

 

08:30

Unit Labor Costs - Prel

 

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

 

Initial Claims

 

08/04

 

 

385K

 

375k

 

365K

 

Aug

09

 

08:30

 

Continuing Claims

 

07/28

 

 

3300K

 

3290K

 

3272K

 

Aug

09

 

08:30

 

Trade Balance

 

Jun

 

 

-$48.0B

 

-$47.5B

 

-$48.7B

 

Aug

09

 

10:00

Wholesale

Inventories

 

Jun

 

 

0.6%

 

0.3%

 

0.3%

 

Aug

10

 

08:30

 

Export Prices ex-ag.

 

Jul

 

 

NA

 

NA

 

-1.4%

 

Aug

10

 

08:30

 

Import Prices ex-oil

 

Jul

 

 

NA

 

NA

 

-0.3%

 

Aug

10

 

14:00

 

Treasury Budget

 

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

 

 

 

 

 

 

 

 

 News