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

China is back after a week long holiday.

Market News

10.8.12

Top Day Market News

The unemployment number on Friday, by most metrics, was viewed as positive. Average hourly earnings, hours worked including the headline number were all pointed in the right direction. Overnight, Euro finance ministers gather to discuss, again, their crisis. The World Bank continues to forecast a European economic contraction. China is back after a week long holiday. Angela Merkel will visit Greece for the first time since the beginning of the crisis.

No economic releases over the next two days. Columbus Day has morphed from being a holiday to being a marketing opportunity.

Week of October 08 - October 12

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Oct

10

 

07:00

 

MBA Mortgage Index

 

10/06

 

 

NA

 

NA

 

16.6%

 

Oct

10

 

10:00

Wholesale

Inventories

 

Aug

 

 

0.5%

 

0.6%

 

0.7%

 

Oct

10

 

14:00

 

Treasury Budget

 

Sep

 

 

NA

 

NA

-

$62.8B

 

Oct

10

 

14:00

 

Fed's Beige Book

 

Sep

 

 

 

 

 

Oct

11

 

08:30

 

Initial Claims

 

10/06

 

 

375K

 

370K

 

367K

 

Oct

11

 

08:30

 

Continuing Claims

 

09/29

 

 

3275K

 

3275K

 

3281K

 

Oct

11

 

08:30

 

Trade Balance

 

Aug

 

 

-$44.6B

 

-$43.8B

-

$42.0B

 

Oct

11

 

08:30

 

Export Prices ex-ag.

 

Sep

 

 

NA

 

NA

 

0.4%

 

Oct

11

 

08:30

 

Import Prices ex-oil

 

Sep

 

 

NA

 

NA

 

-0.2%

 

Oct

11

 

11:00

 

Crude Inventories

 

10/06

 

 

NA

 

NA

-

0.482M

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Oct

12

 

08:30

 

PPI

 

Sep

 

 

0.5%

 

0.8%

 

1.7%

 

Oct

12

 

08:30

 

Core PPI

 

Sep

 

 

0.1%

 

0.2%

 

0.2%

 

Oct

12

 

09:55

 

Mich Sentiment

 

Oct

 

 

80.0

 

78.5

 

78.3

 

 

 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

Dec ES

U

1411.50

1433.50

1449.25

1464

1471.7

5

1489

Dec Nasdaq

 

U

2737

2770

2789

2830

2839

2874

Dec Yen

 

D

125.77

126.47

126.75

127.71

128.28

129.37

Dec EC

 

PRD(U)

127.11

128.76

129.63

130.80

131.43

132.45

DEC Sept 10

Year

U

132.08

132.18

132.22

133.16

133.16

134.02

Dec 30 Year

 

D

145.16

146.16

146.29

148.18

149.11

151.00

Nov Soybeans

 

D

14.55

15.03

15.30

15.65

15.98

16.47

Dec Corn

 

D

7.315

1.442

7.38

7.55

7.62

7.76

DEC Gold

 

U

1749

1773

1761

1794

1798

1814

Dec Silver

 

D

33.49

34.03

33.84

35.09

35.25

35.96

Dec Copper

 

U

366

373

371

380

381

387

Oct Crude

 

D

84.68

87.330

87.50

91.39

92.93

95.94

 

 

 

 

 

 

 

 

News