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 Halloween

10.31.13

Top Day Market News

The Federal Open Market Committee concluded yesterday. They left rates unchanged as was universally expected and left stimulus unchanged as well. It was a pro forma buy the rumor sell on the news. The continuation of stimulus and the continued delay of tapering was already baked into the market so when the market failed to leg higher, those positioned for such a move bailed and the dollar strengthened going into the close as rates backed up. Some thought the communique sounded a bit more hawkish than expected. Today we get initial and continuing claims along with the Chicago Purchasing Managers Index. Crude could flip lower yet again with a lower close today.

Happy Halloween.


 

Week of October 28 - November 01

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Oct 28

09:15

Industrial Production

Sep

0.3%

0.3%

0.4%

Oct 28

09:15

Capacity Utilization

Sep

77.9%

78.0%

77.8%

Oct 28

10:00

Pending Home Sales

Sep

-2.0%

-1.3%

-1.6%

Oct 29

08:30

Retail Sales

Sep

-0.2%

-0.1%

0.2%

Oct 29

08:30

Retail Sales ex-auto

Sep

0.2%

0.3%

0.1%

Oct 29

08:30

PPI

Sep

0.2%

0.2%

0.3%

Oct 29

08:30

Core PPI

Sep

0.1%

0.1%

0.0%

               

 

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

29

 

 

 

 

 

 

Oct 29

09:00

Case-Shiller 20-city Index

Aug

12.5%

12.4%

12.0%

Oct 29

10:00

Business Inventories

Aug

0.3%

0.2%

0.4%

Oct 29

10:00

Consumer  Confidence

Oct

72.0

73.1

79.7

Oct 30

07:00

MBA Mortgage Index

10/26

NA

NA

-0.6%

Oct 30

08:15

ADP Employment Change

Oct

125K

125K

166K

Oct 30

08:30

CPI

Sep

0.1%

0.1%

0.1%

Oct 30

08:30

Core CPI

Sep

0.1%

0.1%

0.1%

Oct 30

10:30

Crude Inventories

10/26

NA

NA

5.246M

Oct 30

14:15

FOMC Rate Decision

Oct

0.25%

0.25%

0.25%

Oct 31

07:30

Challenger Job Cuts

Oct

NA

NA

19.1%

Oct 31

08:30

Initial Claims

10/26

335K

335K

350K

Oct 31

08:30

Continuing Claims

10/19

2875K

2850K

2874K

Oct 31

09:45

Chicago PMI

Oct

52.0

55.0

55.7

Oct 31

10:30

Natural Gas Inventories

10/26

NA

NA

87 bcf

Nov 01

10:00

ISM Index

Oct

54.5

55.0

56.2

Nov 01

14:00

Auto Sales

Oct

NA

NA

5.4M

Nov 01

14:00

Truck Sales

Oct

NA

NA

6.5M


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

1726

1740

1740.50

1771

1761

1769

Dec Nasdaq

U

3293

3334

3348

3407

3404

3434

Dec Yen

D

100.88

101.81

101.19

101.87

103.42

104.10

Dec EC

D

135.83

136.95

136.47

137.77

138.76

139.43

DEC 10 Year

U

126.06

126.28

127.06

127.30

128.01

128.16

Dec 30 Year

U

132.22

134.01

134.15

135.19

136.07

137.02

Nov Soybean

U

12.72

12.86

12.71

12.85

13.16

13.32

Dec Corn

U

4.32

4.36

4.28

4.37

4.45

4.50

DEC Gold

D

1292.50

1322

1322.70

1361.00

1369

1386

Dec Silver

D

21.39

21.99

2212

2325

23.04

23.50

Dec Copper

U

316.40

326.50

328

334

333.50

340.60

Dec Crude

PRD(D)

93.08

96.49

95.77

97.54

100.77

103.64