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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

Resource Pages | Friend Pages

Gold trades as low as 1535

Top Day Recommendations

 

9.26.11

 

 

The ECB is considering “non standard measures” to address the debt crisis including covered bond purchasesand the possibility of rate cuts. Covered bonds are assets backed by mortgages and public sector loans. THEIMF meetings over the weekend were full of rhetoric but little else. The main thrust of activity has been deleveraging as gold trades as low as 1535 last night. Just new home sales today in terms of eco data. Increasesin margins from CME for metals plus talk that European banks are selling some gold for dollars has pressured the complex overnight.

 

Week of September 19 - September 23

 

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 DailyResistance  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

Dec

Eminifile

S+P

N

1036.2

5

1083.00

1108

1159

1195.50

1261.25

Dec Emini

Naz

N

2024.2

5

2113.00

2154

2258

2311.50

2421.50

Dec Yen

P

128.93

129.71

129.95

132.02

131.35

132.35

Dec EC

N

131.31

132.93

133.91

136.26

137.04

139.53

Dec 10

Year

N

128.26

129.28

130.16

131.22

131.31

133.03

Dec 30

Year

P

136.30

140.27

143.19

146.13

147.26

150.28

Nov

Soybeans

N

1181

1219

1226

1281

1327

1396

Dec Corn

N

593

643

631

652

682

726

Dec Gold

PRD(D)

1507

1631

1551

1721

1784

1909

Dec Silver

N

2286

2694

2537

3220

3799

4497

Dec

Copper

N

278

305

305

344

375

418

Nov

Crude

N

713

756

7548

8192

8611

9227

 

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.