Free $25 Commodity Investor Kit

Includes : Charts, Market Information, Informative News Articles, Market Alerts, Exchange Brochures, Research, Managed Futures Information, and much more!!

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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Interest rates rose to two year highs yesterday.

08-22-2013

Top Day Market News

Interest rates rose to two year highs yesterday in the wake of the release of the minutes of the Federal Open Market Committee meeting. Volatility increased abruptly at 2 PM and the trading engines went to work eventually landing on a negative interpretation of the communique and a broad sell off ensued. Also, the Chinese Purchasing Managers Index improved to 50.1 versus 47.7 in August and this is why you have copper holding its own in the face of a stronger dollar overnight.

Today we get initial claims, continuing claims and Leading Economic Indicators. As for stocks, the problem was one of being too overbought. When the price action is 10% higher than its 200 day moving average, sustainability must be questioned. It’s a great excuse for a 5 to 7% correction.


 

Week of August 19 - August 23

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Aug 21

07:00

MBA Mortgage Index

08/17

NA

NA

-4.7%

Aug 21

10:00

Existing Home Sales

Jul

5.00M

5.20M

5.08M

Aug 21

10:30

Crude Inventories

08/17

NA

NA

-2.812M

Aug 21

14:00

FOMC Minutes

7/31

 

 

 

               

 

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Aug 22

08:30

Initial Claims

08/17

345K

337K

320K

Aug 22

08:30

Continuing Claims

08/10

2975K

2959K

2969K

Aug 22

09:00

FHFA Housing Price Index

Jun

NA

NA

0.7%

Aug 22

10:00

Leading Indicators

Jul

0.5%

0.5%

0.0%

Aug 22

10:30

Natural Gas Inventories

08/17

NA

NA

65 buff

Aug 23

10:00

New Home Sales

Jul

475K

490K

497K


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

1619

1635

1621

1649

1680

1709

Sept Nasda q

D

3013

3040

3034

3087

3122

3175

Sept Yen

U

99.81

101.15

101.54

102.85

104.05

105.61

Sept EC

D

131.40

132.30

132.87

134.24

134.10

134.80

Sept 10 Year

D

127.22

129.11

123.30

125.05

133.28

136.24

Sept 30 Year

D

123.06

124.03

129.20

131.13

126.13

127.27

Nov Soybea ns

U

11.49

12.04

12.86

13.20

12.93

13.27

Sept Corn

D

4.39

4.515

4.866

5.04

4.87

5.02

Dec Gold

U

1290

1332

1349

1379

1398

1421

Sept Silver

D

19.57

21.41

22.42

23.29

24.26

25.27