11.12.2014
Top Day Market News
Yen hit a seven year low yesterday as BOJ assets hit 80% of GDP and a sales tax in Japan was ramped up, yet again. It was a bank holiday due to Veteran’s Day yesterday. EC, SF and BP rallied and that provided a window for put buying. We do get a dribble of fresh eco releases today wholesale inventories. Also, crude inventories will be moved back a day in terms of the EIA release due to the government holiday Monday. Beans shots higher yesterday abetted by a momentarily weaker dollar. Continue to look for dollar strength.
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Nov 14 |
09:55 |
Mich Sentiment |
Nov |
|
87.5 |
87.5 |
86.9 |
|
|
Nov 14 |
10:00 |
Business Inventories |
Sep |
|
0.0% |
0.2% |
0.2% |
|
MARKET PLACE
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
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|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
U |
1979 |
2002 |
2028 |
2040 |
2041 |
2056 |
|
Dec Nasdaq |
U |
4090 |
4120 |
4153 |
4192 |
4180 |
4210 |
|
Dec Yen |
D |
85.21 |
86.25 |
85.95 |
87.07 |
88.60 |
89.91 |
|
Dec EC |
D |
122.47 |
123.51 |
124.05 |
125.15 |
125.71 |
126.87 |
|
Dec 10 Year Note |
D |
125.17 |
126.04 |
126.00 |
126.15 |
127.00 |
127.11 |
|
Dec 30 Year Bond |
D |
139.22 |
140.26 |
140.15 |
141.10 |
142.17 |
143.04 |
|
Jan Soybeans |
U |
9.74 |
10.05 |
10.31 |
10.84 |
10.57 |
10.75 |
|
Dec Corn |
U |
3.51 |
.3.55. |
3.68 |
3.80 |
3.75 |
3.83 |
|
Dec Gold |
D |
1114 |
1146 |
1148 |
1175 |
1195 |
1211.30 |
|
Dec Silver |
D |
14.51 |
15.11 |
15.45 |
15.89 |
16.34 |
16.82 |
|
Dec Copper |
U |
291.40 |
297 |
300 |
305.50 |
305 |
313 |
|
Dec Crude |
D |
73.27 |
75.88 |
75.84 |
78.51 |
80.99 |
83.55 |
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