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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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Lots of event risk this upcoming week.

10.27.2014

Top Day Market News

Lots of event risk this upcoming week. The market will first absorb the already released ECB bank stress tests on Sunday night, It’s been widely disseminated that 25 banks failed the test and 11 others are borderline. Then on Monday we get the ECB asset purchase plan. Previously this was a catalyst for an equity market rally. US consumer confidence comes in on Tuesday. The biggest event occurs Wednesday with the Federal Open Market Committee meeting, its rate decision and communique. At this point in the cycle, the Fed and its response is highly calibrated to stock market performance.

Whenever the market cracks, the Fed turns dovish while the more it rallies it sees less reason to be accommodative. The speed line of the recovery after the 9% correction is too steep so the lows should be eventually revisited.

Week

of

October 27 - October 31

 

 

 

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Oct 27

10:00

Pending Home Sales

Sep

 

1.0%

0.5%

-1.0%

 

Oct 28

08:30

Durable Orders

Sep

 

0.5%

0.7%

-18.4%

-18.2%

Oct 28

08:30

Durable Goods –ex  transportation

Sep

 

0.5%

0.5%

0.4%

0.7%

Oct 28

09:00

Case-Shiller 20-city Index

Aug

 

5.5%

5.5%

6.7%

 

Oct 28

10:00

Consumer  Confidence

Oct

 

87.0

87.2

86.0

 

Oct 29

07:00

MBA Mortgage Index

10/25

 

NA

NA

NA

 

Oct 29

10:30

Crude Inventories

10/25

 

NA

NA

7.111M

 

Oct 29

14:00

FOMC Rate Decision

Oct

 

0.25%

0.25%

0.25%

 

Oct 30

08:30

Initial Claims

10/25

 

295K

284K

283K

 

Oct 30

08:30

Continuing Claims

10/18

 

2375K

2375K

2351K

 

Oct 30

08:30

GDP-Adv.

Q3

 

2.3%

3.0%

4.6%

 

Oct 30

08:30

Chain Deflator-Adv.

Q3

 

2.0%

1.5%

2.1%

 

Oct 30

10:30

Natural Gas Inventories

10/25

 

NA

NA

94 bcf

 

Oct 31

08:30

Personal Income

Sep

 

0.4%

0.3%

0.3%

 

Oct 31

08:30

Personal Spending

Sep

 

0.2%

0.1%

0.5%

 

Oct 31

08:30

PCE Prices - Core

Sep

 

0.1%

0.1%

0.1%

 

Oct 31

08:30

Employment Cost  Index

Q3

 

0.5%

0.5%

0.7%

 

Oct 31

09:45

Chicago PMI

Oct

 

58.0

60.0

60.5

 

Oct 31

09:55

Michigan Sentiment -  Final

Oct

 

85.5

86.4

86.4

 

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

1842

1901

1940

1970

1990

2020

Dec Nasdaq

U

3711

3874

3990

4058

4119

4201

Dec Yen

D

91.16

91.82

92.35

92.79

93.65

94.52

Dec EC

U

124.84

125.79

126.37

127.30

128.07

129.40

Dec 10 Year Note

D

125.29

126.15

126.22

127.10

127.29

128.26

Dec 30 Year Bond

D

139.23

140.25

141.02

142.09

143.11

144.27

Nov Soybeans

U

9.05

9.41

9.59

9.84

10.07

10.37

Dec Corn

U

3.30

3.41

3.44

3.56

3.64

3.76

Dec Gold

D

1208.40

1219.80

1225.70

1234

1249.1

1267.00

Dec Silver

D

16.67

16.83

17.00

17.31

17.55

17.74

Dec Copper

U

293

298.50

301.30

305.50

307.70

311.40

Dec Crude

D

78.32

79.81

79.61

82.04

83.06

84.74