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

Greece passed property tax bill

Top Day Recommendations

 

 

9.28.11

 

 

Just durable goods orders and the weekly inventory numbers for crude and its products today. At least volatility died down overnight. Net changes this morning at least aren’t brutal. The Greeks passed their property tax bill. This is only one of many votes, however. Also, grassroots resistance to austerity seems as loud as ever. At least at the beginning of today, markets look like they’re just meandering through familiar ranges and are looking for the next headline to develop a theme.

 

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

Dec

Eminifile

S+P

P

1036.2

5

1083.00

1153.0

0

188.00

1195.50

1261.25

Dec Emini

Naz

P

2024.2

5

2113.00

2221.7

5

2285.75

2311.50

2421.50

Dec Yen

P

128.93

129.71

129.91

131.73

131.35

132.35

Dec EC

N

131.31

132.93

135.21

137.09

137.04

139.53

Dec 10

Year

N

128.26

129.28

129.07

130.06

131.31

133.03

Dec 30

Year

N

136.30

140.27

139.29

142.16

147.26

150.28

Nov

Soybeans

N

1181

1219

12.47

12.74

1327

1396

Dec Corn

N

593

643

6.34

6.63

682

726

Dec Gold

N

1507

1631

1619.8

0

1682.20

1784

1909

Dec Silver

N

2286

2694

30.01

33.33

3799

4497

Dec

Copper

N

278

305

322

351

375

418

Nov

Crude

N

7130

7560

81.99

85.84

8611

9227


 

N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2½%. 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, usehalf. 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.