Free $25 Commodity Investor Kit

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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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Europe is just spinning its wheels.

9.22.2014

Top Day Market News

Last night Asian stocks were lower as it is becoming apparent that Chinese stimulus will probably be limited. China in fact may accept slower growth rather than attempt prolonged. Massive quantitative easing. On the other hand, the ECB is attempting to deliberately increase their balance sheet but there is little demand for the money they are making available to banks to in turn lend. Consequently, Europe is just spinning its wheels, going nowhere and increasing the depth of the rut they are in. Inflation remains significantly below their targets and without an appetite for risk, commodities hav collapsed and the dollar continues to rally.

 

Week

of

22 - September

26

 

 

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Sep 22

10:00

Existing Home Sales

Aug

 

5.0M

5.2M

5.15M

 

Sep 23

09:00

FHFA Housing Price Index

Jul

 

NA

NA

0.4%

 

Sep 24

07:00

MBA Mortgage Index

09/20

 

NA

NA

+7.9%

 

Sep 24

10:00

New Home Sales

Aug

 

420K

435K

412K

 

Sep 24

10:30

Crude Inventories

09/20

 

NA

NA

+3.67M

 

Sep 25

08:30

Initial Claims

09/20

 

310K

300K

280K

 

Sep 25

08:30

Continuing Claims

09/13

 

2490K

2470K

2429K

 

Sep 25

08:30

Durable Orders

Aug

 

-18.5%

-16.3%

22.6%

 

Sep 25

08:30

Durable Goods –ex  transportation

Aug

 

0.4%

0.7%

-0.7%

-0.8%

Sep 25

10:30

Natural Gas Inventories

09/20

 

NA

NA

90 bcf

 

Sep 26

08:30

GDP - Third Estimate

Q2

 

4.6%

4.6%

4.2%

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Sep 26

08:30

GDP Deflator - Third  Estimate

Q2

 

2.1%

2.1%

2.1%

 

Sep 26

09:55

Michigan Sentiment -  Final

Sep

 

84.6

85.0

84.6

 

 

Numbers below 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

Support and Resistance Grid


 

Trend

WS2

WS1

DS

DR

WR1

WR2

Dec ES

U

1947

1974

1989

2012

2020

204

Dec Nasdaq

U

3959

4020

4053

4115

4134

4183

Dec Yen

D

90.03

90.89

91.47

92.21

93.50

94.55

Dec EC

D

127.21

127.78

128.07

129.09

129.49

130.03

Dec 10 Year Note

D

122.30

123.16

123.20

124.14

124.20

125.06

Dec 30 Year Bond

U

134.29

135.26

135.23

137.23

137.10

137.25

Nov Soybeans

D

9.22

9.40

9.39

9.67

9.8

10.40

Dec Corn

D

3.187

3.30

3.24

3.36

3.44

3.76

Dec Gold

U

1195.70

1206

1205

1225

1235

1253

Dec Silver

U

17.04

17.59

17.25

18.36

18.52

19.25

Dec Copper

D

297.50

302.50

305

311

317

326

Nov Crude

D

87.50

89.04

90.63

92.29

94.00

96.20