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

Is the volatility going to continue?

10.22.2014

Top Day Market News

Yesterday saw a 61.8% Fibonacci retracement from high to low. See chart. This was the fourth consecutive session and was based on earnings beats by 85% of those reporting and ECB Italian bond buys. There are real legal limitations as to what the ECB can do in the way of stimulus however and a major money manager came out with a sell rec in the EC. Treasuries were lower on improved home sales.

Where to now in the S+P? If 1939 is a good high then we retest 1893.

Week

of

October 20 - October 24

 

 

 

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Oct 21

10:00

Existing Home Sales

Sep

 

4.95M

5.11M

5.05M

 

Oct 22

07:00

MBA Mortgage Index

10/18

 

NA

NA

5.6%

 

Oct 22

08:30

CPI

Sep

 

-0.1%

0.0%

-0.2%

 

Oct 22

08:30

Core CPI

Sep

 

0.1%

0.2%

0.0%

 

Oct 22

10:30

Crude Inventories

10/18

 

NA

NA

8.923M

 

Oct 23

08:30

Initial Claims

10/18

 

295K

283K

264K

 

Oct 23

08:30

Continuing Claims

10/11

 

2400K

2390K

2389K

 

Oct 23

09:00

FHFA Housing Price Index

Aug

 

NA

NA

0.1%

 

Oct 23

10:00

Leading Indicators

Sep

 

0.6%

0.6%

0.2%

 

Oct 23

10:30

Natural Gas Inventories

10/18

 

NA

NA

94 bcf

 

Oct 24

10:00

New Home Sales

Sep

 

450K

473K

504K

 


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

1773

1826

1902

1956

1919

1959

Dec Nasdaq

U

3589

3691

3886

4016

3898

3992

Dec Yen

PRD(U)

91.80

92.70

93.06

94.03

94.80

96.00

Dec EC

U

125.00

126.30

126.83

128.11

128.90

130.20

Dec 10 Year Note

U

124.10

126.00

127.09

128.14

129.20

132.00

Dec 30 Year Bond

U

137.23

140.11

142.03

143.17

146.25

150.15

Nov Soybeans

D

8.87

9.23

9.49

9.73

9.88

10.16

Dec Corn

U

3.17

3.32

3.49

3.60

3.60

3.73

Dec Gold

D

1208.60

1223

1241

1256

1251

1265

Dec Silver

PRD(U)

16.57

16.92

17.21

17.68

17.72

18.17

Dec Copper

U

287

293.50

299

305

309.00

317

Nov Crude

D

76.13

79.19

81.66

83.52

85.22

86.19