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

Happy Columbus Day.

10.14.13

Top Day Market News

Happy Columbus Day. It’s a normal market trading day.

No economic releases, but then again the government is still closed.  As of this writing, there still was no deal in place to either open the government or raise the debt ceiling. The US could default as early as October 17h if the debt ceiling is not increased. The political brinkmanship that’s currently in play is fraying nerves. Mainstream Republicans are getting squeezed from Democratic on one side and the Tea Party on the other. Everything will work out in the end because there’s no reason for it not to but the road to resolution is wildly circuitous at best.

Soybeans edged higher due to harvest delays caused by rain. Markets in Japan and Honk Kong were closed for holiday.

 

Week of October 14 - October 18

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Oct 15

08:30

Empire Manufacturing

Oct

4.5

4.5

6.3

Oct 16

07:00

MBA Mortgage Index

10/12

NA

NA

1.3%

Oct 16

08:30

CPI

Sep

0.1%

0.1%

0.1%

Oct 16

08:30

Core CPI

Sep

0.1%

0.1%

0.1%

Oct 16

09:00

Net Long-Term TIC Flows

Aug

NA

NA

$31.1B

Oct 16

10:00

NAHB Housing Market Index

Oct

57

57

58

               

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Oct 16

14:00

Fed's Beige Book

Oct

NA

NA

NA

Oct 17

08:30

Initial Claims

10/12

320K

330K

374K

Oct 17

08:30

Continuing Claims

10/5

2900K

2900K

2905K

Oct 17

08:30

Housing Starts

Sep

900K

915K

891K

Oct 17

08:30

Building Permits

Sep

930K

932K

918K

Oct 17

09:15

Industrial Production

Sep

0.3%

0.3%

0.4%

Oct 17

09:15

Capacity Utilization

Sep

77.9%

78.0%

77.8%

Oct 17

10:00

Philadelphia Fed

Oct

7.0

7.0

22.3

Oct 17

10:30

Natural Gas Inventories

10/12

NA

NA

90 bcf

Oct 17

11:00

Crude Inventories

10/12

NA

NA

6.807M

Oct 18

10:00

Leading Indicators

Sep

NA

0.6%

0.7%


 

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

1619

1659

1681

1708

1720

1740

Dec Nasdaq

PRD(U)

3069

3149

3190

3245

3271

3313

Dec Yen

D

100.05

100.80

100.98

102.01

102.95

104.33

Dec EC

U

132.49

134.93

135.25

165.84

136.16

136.75

DEC 10 Year

U

12507

125.21

125.28

126.19

126.17

127.00

Dec 30 Year

D

131.03

131.30

132.04

133.10

133.23

134.21

Nov Soybean

U

12.39

12.53

12.59

12.95

12.93

13.19

Dec Corn

PRD(D)

4.21

4.27

4.29

4.36

4.44

4.55

DEC Gold

D

1216.40

1244.50

1239.00

1288.00

1315.7

1358

Dec Silver

D

20.00

20.67

20.85

21.76

22.25

23.17

Dec Copper

PRD(U)

316.30

321.80

324

328

332.40

337.50

Oct Crude

D

98.66

100.20

100.76

103.11

103.60

105.60