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Crude is higher on the hurricane premium

Market News

8.28.12

Top Day Market News

Just consumer confidence at 10. Overnight, Hurricane Isaac intensifies. The EC is better as Spain sells more bonds than targeted. Crude is higher on the hurricane premium. Stocks are listless as Japan lowers growth expectations and Europe snaps a mini rally. Gold is off on profit taking; breaks will find buyers. Mario Draghi will not be at Jackson Hole.

Week of August 27 - August 31

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Aug

28

 

09:00

Case-Shiller 20-city

Index

 

Jun

 

 

-0.3%

 

-0.3%

 

-0.7%

 

Aug

28

 

10:00

Consumer

Confidence

 

Aug

 

 

66.5

 

65.5

 

65.9

 

Aug

29

 

07:00

 

MBA Mortgage Index

 

08/25

 

 

NA

 

NA

 

-7.4%

 

Aug

29

 

08:30

GDP - Second

Estimate

 

Q2

 

 

1.6%

 

1.6%

 

1.5%

 

Aug

29

 

08:30

GDP Deflator - Second Estimate

 

Q2

 

 

1.6%

 

1.6%

 

1.6%

 

Aug

29

 

10:00

 

Pending Home Sales

 

Jul

 

 

0.0%

 

0.0%

 

-1.4%

 

Aug

29

 

10:30

 

Crude Inventories

 

08/25

 

 

NA

 

NA

-

5.412M

 

Aug

29

 

14:00

 

Fed's Beige Book

 

Aug

 

 

 

 

 

Aug

30

 

08:30

 

Initial Claims

 

08/25

 

 

370K

 

370K

 

372K

 

Aug

30

 

08:30

 

Continuing Claims

 

08/18

 

 

3300K

 

3300K

 

3317K

 

Aug

30

 

08:30

 

Personal Income

 

Jul

 

 

0.2%

 

0.3%

 

0.5%

 

Aug

30

 

08:30

 

Personal Spending

 

Jul

 

 

0.5%

 

0.5%

 

0.0%

 

Aug

30

 

08:30

 

PCE Prices - Core

 

Jul

 

 

0.1%

 

0.1%

 

0.2%

 

Aug

09:45

Chicago PMI

Aug

 

53.0

53.8

53.7

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

31

 

 

 

 

 

 

 

 

Aug

31

 

09:55

Michigan Sentiment - Final

 

Aug

 

 

74.0

 

73.6

 

73.6

 

Aug

31

 

10:00

 

Factory Orders

 

Jul

 

 

2.1%

 

2.0%

 

-0.5%

 

 

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

1380.00

1395.00

1401

1413

1424.0

0

1439.00

Sept Nasdaq

U

2724

2749.50

2767

2793.50

2801.5

0

2828.00

Sept Yen

 

PRD(D)

124.58

125.82

126.81

127.35

128.04

129.02

Sept EC

 

PRD(D)

121.75

123.48

124.85

125.59

126.43

127.65

Sept 10 Year

 

U

131.14

132.16

133.17

134.4

134.09

135.00

Sept 30 Year

 

U

143.16

145.30

148.10

149.20

149.31

151.18

Nov Soybeans

 

U

16.02

16.66

16.84

17.48

17.70

18.09

Sept Corn

 

D

7.76

7.89

7.82

8.05

8.24

8.46

DEC Gold

 

U

1588.5

1630.9

1659.60

1681.40

1696.6

1719.9

Sept Silver

 

U

26.81

28.80

30.30

31.32

31.71

32.71

Sept Copper

U

329

338

343

350

354

360

Copper

 

 

 

 

 

 

 

Oct Crude

U

93.60

94.86

94.01

97.32

97.83

99.54

 

 

 

 

 

 

 

 

 News