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

Resource Pages | Friend Pages

Gold blasts to a new high

Top Day Recommendations

9.06.11

 

Swiss National Bank really pushed back this morning and establishes a minimum exchange rate. On this, the Swiss Franc is down over 10 handles. Swiss strength had been killing their exports, they got “mad as hell and they weren’t going to take it anymore”. Italy is in the throes of a nationwide strike today. European banks are being hit on Euro Zone debt worries. So much for a holiday.

 

Gold blasts to a new high then comes off sharply on the SNB move. Fair to assume that those concerns long gold were also long Swiss and those without stops in place took a massive hit.

ISM service number at 10.

 

Week of tember 05 - September

 

Date

ET

Release

For

Actual

Briefing.com  Briefing.com

Prior

Revised

 

 

 

 

 

 

Forecast

Consensus

 

From

 

Sep

10:00

 ISM Services

Aug

 

52.0

51.0

52.7

 

 

06

 

 

 

 

 

 

 

 

 

 

 

 

Sep

07:00

MBA Mortgage Index

09/03

 

NA

NA

-9.6%

 

 

07

 

 

 

 

 

 

 

 

 

 

 

 

Sep

14:00

Fed's Beige Book

Sep

 

 

 

 

 

 

07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Initial Claims

09/03

 

400K

400K

409K

 

 

08

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Continuing Claims

08/27

 

3700K

3700K

3735K

 

 

08

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Trade Balance

Jul

 

-$51.0B

-$51.5B

-

 

 

08

 

$53.1B

 

 

 

 

 

 

 

 

 

 

Sep

11:00

Crude Inventories

09/03

 

NA

NA

5.281M

 

 

08

 

 

 

 

 

 

 

 

 

 

 

 

Sep

15:00

 Consumer Credit

Jul

 

$5.0B

$5.0B

$15.5B

 

 


 

 

Date

ET

Release

For

Actual

Briefing.com  Briefing.com

Prior

Revised

 

 

 

 

 

 

Forecast

Consensus

 

From

 

08

 

 

 

 

 

 

 

 

 

Sep

10:00

Wholesale

Jul

 

0.7%

0.7%

0.6%

 

 

09

Inventories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

 

Legend

 

P is Positive

N is Negative 

PRD is Potential Reversal Day

S2 is strong support

S1 is good support

DS is Daily Support

DR is Daily Resistance

R1 is Good Resistance

R2 is Strong Resistance

 

Levels are for the most active futures contract

 

 

Daily Support and Resistance

 

Trend                                        S2                S1                DS                DR

R1                 R2

 

Sept Emini

PRD(

1127

1148

1145

1192

1209

1250

 

 

 

 

 

 

 

 

S+P

d)

 

 

 

 

 

 

 

Emini Naz

PRD

2084

2124

2147

2205

2223

2309

 

 

 

 

 

 

 

 

 

(d)

 

 

 

 

 

 

 

Yen

P

128.77

125.94

129.56

130.31

130.98

131.65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EC

N

139.32

140.50

141.10

142.54

143.31

146.78

 

 

 

 

 

 

 

 

Dec 10

PRD(

127.25

129.02

129.19

130.24

131.01

131.23

 

 

 

 

 

 

 

 

Year

U)

 

 

 

 

 

 

 

Dec 30

PRD

133.07

136.25

137.31

142.25

142.05

143.31

 

 

 

 

 

 

 

 

Year

(U)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov

P

13.98

14.22

14.26

14.53

14.67

14.88

 

 

 

 

 

 

 

 

Soybeans

 

 

 

 

 

 

 

 

Dec Corn

P

7.17

7.38

7.44

7.69

7.80

8.003

 

 

 

 

 

 

 

 

Dec Gold

P

1741

1814

1840

1924

1923

1960

 

 

 

 

 

 

 

 

Dec Silver

N

39.22

41.26

40.73

43.68

44.41

45.53

 

 

 

 

 

 

 

 

Dec

N

399

405

405

416

420

428

 

 

 

 

 

 

 

 

Copper

 

 

 

 

 

 

 

 

Oct

P

82.43

84.54

83.38

86.95

89.33

92.01

 

 

 

 

 

 

 

 

Crude

 

 

 

 

 

 

 

 

 

 

N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%.

 

Repeat: use Stops. Don’t think about using Stops.

 

Use Stops. Some find it appropriate to look at the margin requirement and use that as a Stop or if it’s a steep initial requirement, use half. But whatever you do, stop thinking about any other alternative and use Stops.

 

********************************************

Futures trading entails considerable risk and is not for

everyone. An account can lose more than its initial investment.

Stops are not necessarily filled at the stop level. Past

performance is not a guarantee of future results.

 Charles Kespert

******************

 

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

 

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, AL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETIOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.