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Unleaded gasoline traded below $2.

11.14.2014

Top Day Market News

Bullish sentiment in oil is now down in the low single digits. Key number today will be retail sales. Currencies were mixed with Canadian dollar succumbing to oil weakness. Stocks were sloppy but held first support and NASDAQ outperformed ES, a bullish construction. Nat Gas even with the polar vortex bearing down, rolled over technically and its intermediate trend is negative. Ideas of BOE raising short term rates have been rolled back. Yen continues to come apart at the seams.

Week

of

November 10 - November 14

 

 

 

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Nov 12

07:00

MBA Mortgage Index

11/08

 

NA

NA

-2.6%

 

Nov 12

10:00

Wholesale Inventories

Sep

 

-0.1%

0.2%

0.7%

 

Nov 13

08:30

Initial Claims

11/08

 

285K

281K

278K

 

Nov 13

08:30

Continuing Claims

11/01

 

2350K

2355K

2348K

 

Nov 13

10:00

JOLTS - Job

Openings

Sep

 

NA

NA

4.835M

 

Nov 13

10:30

Natural Gas Inventories

11/08

 

NA

NA

91 bcf

 

Nov 13

11:00

Crude Inventories

11/08

 

NA

NA

0.460M

 

Nov 13

14:00

Treasury Budget

Oct

 

NA

NA

-$90.6B

 

Nov 14

08:30

Retail Sales

Oct

 

0.6%

0.3%

-0.3%

 

Nov 14

08:30

Retail Sales ex-auto

Oct

 

0.6%

0.3%

-0.2%

 

Nov 14

08:30

Export Prices ex-ag.

Oct

 

NA

NA

-0.2%

 

Nov 14

08:30

Import Prices ex-oil

Oct

 

NA

NA

-0.1%

 

 

 

 

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

 

Trend

WS2

WS1

DS

DR

WR1

WR2

Dec ES

PRD(D)

1979

2002

226

2043

2041

2056

Dec Nasdaq

U

4090

4120

4188

4224

4180

4210

Dec Yen

D

85.21

86.25

86.08

86.76

88.60

89.91

Dec EC

D

122.47

123.51

124.05

125.13

125.71

126.87

Dec 10 Year Note

PRD(U)

125.17

126.04

126.04

126.20

127.00

127.11

Dec 30 Year Bond

PRD(U)

139.22

140.26

140.26

141.19

142.17

143.04

Jan Soybeans

U

9.74

10.05

10.29

10.69

10.57

10.75

March Corn

U

3.51

.3.55.

3.84

4.03

3.75

3.83

Dec Gold

D

1114

1146

1146.20

1168.20

1195

1211.30

Dec Silver

D

14.51

15.11

15.39

15.76

16.34

16.82

Dec Copper

PRD(D)

291.40

297

296.00

303.70

305

313

Dec Crude

D

73.27

75.88

72.08

76.77

80.99

83.55