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

No economic releases until Wednesday.

Market News

10.22.12

Top Day Recommendations

No economic releases until Wednesday. Bonds are lower in the belief that durable goods orders later in the week will show acceleration in US growth. The 10 year note has backed up 5 out of the last six sessions. There’s also an auction of 2, 5 and 7 year notes this week to raise 99 billion. The Fed also meets for two days starting tomorrow with a rate decision on Wednesday at 2:15. Some have speculated that a Romney win would lead to labeling China as a currency manipulator and their preemptive action is to reduce their US debt holdings.

There was also a story over the weekend that the US and Iran were about to discuss Iran’s nuclear program; in other words, the sanctions have applied enough pain to the Iranian economy, especially with the devaluation of their currency, to bring them back to the negotiating table to review their uranium enrichment program.


 

Week of October 22 - October 26

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

Oct 24

 

07:00

 

MBA Mortgage Index

 

10/20

 

 

NA

 

NA

 

-4.2%

 

Oct 24

 

10:00

 

New Home Sales

 

Sep

 

 

385K

 

385K

 

373K

 

Oct 24

 

10:00

FHFA Housing Price Index

 

Aug

 

 

NA

 

NA

 

0.2%

 

Oct 24

 

10:30

 

Crude Inventories

 

10/20

 

 

NA

 

NA

 

2.860M

 

                   

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

Oct 24

 

14:15

 

FOMC Rate Decision

 

Oct

 

 

0.25%

 

0.25%

 

0.25%

 

Oct 25

 

08:30

 

Initial Claims

 

10/20

 

 

375K

 

375K

 

388K

 

Oct 25

 

08:30

 

Continuing Claims

 

10/13

 

 

3275K

 

3237K

 

3252K

 

Oct 25

 

08:30

 

Durable Orders

 

Sep

 

 

12.0%

 

7.4%

 

-13.2%

 

Oct 25

 

08:30

Durable Orders -ex Transportation

 

Sep

 

 

0.2%

 

1.0%

 

-1.6%

 

Oct 25

 

10:00

 

Pending Home Sales

 

Sep

 

 

1.0%

 

2.4%

 

-2.6%

 

Oct 26

 

08:30

 

GDP-Adv.

 

Q3

 

 

0.9%

 

1.9%

 

1.3%

 

Oct 26

 

08:30

 

Chain Deflator-Adv.

 

Q3

 

 

2.6%

 

2.0%

 

1.6%

 

Oct 26

 

09:55

Michigan Sentiment - Final

 

Oct

 

 

82.5

 

83.1

 

83.1

 


 

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

Prd(D)

1390.25

1407.00

1413

1443

1450.0

0

1476

Dec Nasdaq

PRD(D)

2587.50

2625.75

2639

2713

2740.5

0

2817

Dec Yen


D

124.73

125.61

125.70

126.40

127.31

128.45

Dec EC


PRD(D)

127.76

129.03

130.04

131.09

131.52

132.74

DEC 10 Year


D

131.02

131.23

132.01

132.19

133.07

134.02

Dec 30 Year


D

144.06

145.25

146.20

148.03

149.17

151.16

Nov Soybeans


D

14.55

14.94

15.25

15.49

15.54

15.95

Dec Corn


U

7.17

7.395

7.56

7.67

7.76

7.90

DEC Gold


D

1691.50

1706.50

1711

1740

1746

1770.50

Dec Silver


D

30.97

31.53

31.72

32.69

33.05

34.02

Dec Copper


D

353

358

359

371

372

381

Nov Crude


U

88.12

89.30

89.25

92.55

92.66

94.72

 

 

 

 

 

 

 

 


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