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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

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Technical levels should prevail

Top Day Recommendations

10.24.11

Sort of a soft result to the EU summit over the weekend. The fact remains that there really aren’t enough EC’s in the system to effectively bail out Greece, Italy and Spain.

The fact that the EU has not decided to inflate its way out of their sovereign debt crisis is because of the ECB’s reluctance to print money and incur inflation. But this is probably the only way out. Ultimately a weaker EC will be a positive for German exports entry paying debts and ever cheaper EC’s will be easier to accomplish.

 No economic releases slated for today. Technical levels should prevail.

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 suppor

S1 is Weekly good support

DS is Daily Support

DR is Daily Resistance

R1 is Weekly Good Resistance

R2 is Weekly Strong Resistance

Levels are for the most active futures contract

 

Daily Support and Resistance

 

                                      Trend              WS2                 W S1          DS                    DR

WR1             WR2

Dec Emini

U

1168.5

1201.90

1217

1244

1252.25

1269.00

 

0

 

 

 

 

 

 

S+P

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec Emini

U

2210.0

2272.00

2305

2354

2392

2450

 

0

 

 

 

 

 

 

Naz

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec Yen

U

128

129.75

130.35

132.40

132.70

133.90

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec EC

U

135.43

137.01

137.38

139.38

139.61

140.63

 

 

 

 

 

 

 

 

Dec 10

U

126.28

127.24

128.09

128.29

129.13

130.05

 

 

 

 

 

 

 

 

Year

 

 

 

 

 

 

 

 

Dec 30

D

135.12

136.30

137.30

139.05

140.17

142.18

 

 

 

 

 

 

 

 

Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov

D

11.58

11.85

12.01

12.34

12.55

12.99

 

 

 

 

 

 

 

 

Soybeans

 

 

 

 

 

 

 

 

Dec Corn

PRD

6.13

6.31

6.43

6.61

6.66

6.3

 

 

 

 

 

 

 

 

 

(U)

 

 

 

 

 

 

 

Dec Gold

D

1556

1599

1616

1669

1691

1740

 

 

 

 

 

 

 

 

Dec Silver

D

2858

2997

30.47

32.23

3271

3406

 

 

 

 

 

 

 

 

Dec

D

281.50

303.30

311

339

346.50

368.00

 

 

 

 

 

 

 

 

Copper

 

 

 

 

 

 

 

 

Dec

U

81.67

84.60

85.93

88.87

90.07

92.61

 

 

 

 

 

 

 

 

Crude

 

 

 

 

 

 

 

 

 

NB.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%.

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, use half. 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.