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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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Soybeans were significantly higher overnight.

08-26-2013

Top Day Recommendations

Soybeans were significantly higher overnight on weather models calling for hot, dry weather as the crop enters its harvest. Durable goods will move equities today. Expectation is for a reading of 4%. This should disappoint, however. And it did, as it came in at -7.3%. This will take bonds higher and should be a stock market negative unless the interpretation is that the news is so bad it’s good as the Fed will not be able to commence the taper.


 

Week of August 26 - August 30

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Aug 26

08:30

Durable Orders

Jul

-4.5%

-5.0%

3.9%

4.2%

Aug 26

08:30

Durable Goods –ex  trans

Jul

0.4%

0.6%

-0.1%

0.0%

Aug 27

09:00

Case-Shiller 20-city Index

Jun

12.0%

12.0%

12.2%

 

Aug 27

10:00

Consumer  Confidence

Aug

77.0

77.0

80.3

 

Aug 28

07:00

MBA Mortgage Index

08/24

NA

NA

-4.6%

 

Aug 28

10:00

Pending Home Sales

Jul

-1.0%

0.2%

-0.4%

 

Aug 28

10:30

Crude Inventories

08/24

NA

NA

-1.428M

 

Aug 29

08:30

Initial Claims

08/24

335K

330K

336K

 

Aug 29

08:30

Continuing Claims

08/17

2950K

2969K

2999K

 

Aug 29

08:30

GDP - Second Estimate

Q2

2.1%

2.1%

1.7%

 

                 

 

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Aug 29

08:30

GDP Deflator -  Second Estimate

Q2

0.7%

0.7%

0.7%

 

Aug 29

10:30

Natural Gas Inventories

08/24

NA

NA

57 bcf

 

Aug 30

08:30

Personal Income

Jul

-0.1%

0.1%

0.3%

 

Aug 30

08:30

Personal Spending

Jul

0.4%

0.3%

0.5%

 

Aug 30

08:30

PCE Prices - Core

Jul

0.2%

0.2%

0.2%

 

Aug 30

09:45

Chicago PMI

Aug

53.0

53.0

52.3

 

Aug 30

09:55

Michigan Sentiment -  Final

Aug

78.0

80.0

80.0

 


 

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

PRD(U)

1620

1640

1646

1670

1672

1683

Sept Nasdaq

PRD(U)

3029

3075

3102

3145

3147

3172

Sept Yen

U

99.46

100.41

100.83

101.72

102.78

104.16

Sept EC

D

132.20

133.00

133.41

134.19

134.50

135.30

Sept 10 Year

D

123.13

124.14

124.07

125.08

125.13

125.31

Sept 30 Year

D

129.02

130.14

130.25

132.14

132.20

133.14

Nov Soybeans

U

12.51

12.89

13.00

13.59

13.48

13.69

Dec Corn

D

4.50

4.60

4.88

5.06

4.83

4.91

Dec Gold

U

1334

1365

1375

1407

1396

1430

Sept Silver

PRD(U)

21.64

22.64

23.04

24.08

24.67

25.30

Sept Coppe r

U

325

330

332

338

338

342

Oct Crude

PRD(U)

101.70

104.01

104.83

107.47

108.11

109.90