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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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USDA Grain Report

Market News

8.10.12

Top Day Market News


Overnight, China’s export growth contracted below expectations and there’s been a concurrent selloff in stocks and a lift to the bond market. Going into the weekend, Europe saw an end to a five day rally. French industrial output slowed. Bankia SA, the troubled lender had been up triple digits over the past several days. On the Chinese export numbers, crude is lower by $1.50. The EC is quietly lower. Volumes remain light which is a function of August. Grain report is out but it appears to be a case of buy the rumor and sell the news. In terms of market psych, it’s reasonable to expect that everyone who wanted to be long the grains are already long while at the same time we saw a decline in open interest.


Beware of thunderstorms and enjoy the weekend.


 

 

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%

 

Aug

08

 

10:30

 

Crude Inventories

 

08/04

 

 

NA

 

NA

 

-6.522M

 

Aug

09

 

08:30

 

Initial Claims

 

08/04

 

 

385K

 

375k

 

365K

 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

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

U

1335

1362

1389.50

1405

1403.2

5

1417.50

Sept Nasdaq

U

2569.50

2620.25

2695

2726

2703.5

0

2732.00

Sept Yen


U

126.14

126.71

126.48

127.75

128.13

128.98

Sept EC


PRD(D)

120.38

122.10

121.98

123.71

124.83

125.84

Sept 10 Year


D

133.01

133.15

133.07

133.25

134.20

135.11

Sept 30 Year


U

147.14

148.13

147.18

149.05

151.11

153.06

Nov Soybeans


U

15.61

15.94

15.94

16.70

16.63

16.97

Sept Corn


PRD(U)

7.63

7.864

8.10

8.34

8.29

8.48

DEC Gold


D

1563.0

1585.0

1609

1623

1630.3

1653.6

Sept Silver


PRD(U)

26.20

26.98

27.68

28.24

28.44

29.11

 

Sept Copper


U

320

328

338

344

345

353

Sept Crude


PRD(D)

85.19

88.29

92.40

94.02

93.11

94.83

 

 

 

 

 

 

 

 


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