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

Expect the market to remain bipolar

Top Day Recommendations

11.16.11

Today’s a fairly busy day in terms of economic releases. We get the consumer price index, net long-term tic flows which indicates foreign appetite for US debt, industrial production and capacity utilization here in the United States and crude oil inventory numbers. With the recent volatility in crude oil, the supply figures will be closely observed.

Overnight, more curious statements. Merkel says that the ECB doesn’t have the option to solve the problems of the euro zone; its mandate doesn’t authorize it. Does that mean that the ECB has the option to see the euro zone swirl down the drain? And speaking of being under pressure, new Greek Prime Minister Papademos is already facing a confidence vote. Is his chair warm yet? And finally notes from the Bank of England regarding systemic risk in the euro zone stalled out an overnight rally. Expect the market to remain bipolar.

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Nov 08:30 PPI Oct   -0.2% -0.2% 0.8%  
15    
               
Nov 08:30 Core PPI Oct   0.2% 0.1% 0.2%  
15    
               
Nov 08:30 Retail Sales Oct   0.6% 0.4% 1.1%  
15    
               
Nov 08:30 Retail Sales ex-auto Oct   0.3% 0.2% 0.6%  
15    
               
Nov 08:30 Empire Manufacturing Nov   0.0 0.0 -8.48  
15    
               
Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Nov 10:00 Business Inventories Sep   0.0% 0.1% 0.5%  
15    
               
Nov 07:00 MBA Mortgage Index 11/12   NA NA 10.3%  
16    
               
Nov 08:30 CPI Oct   0.1% 0.0% 0.3%  
16    
               
Nov 08:30 Core CPI Oct   0.1% 0.1% 0.1%  
16    
               
Nov 09:00 Net Long-Term TIC Sep   NA NA $57.9B  
16 Flows    
             
Nov 09:15 Industrial Production Oct   0.2% 0.4% 0.2%  
16    
               
Nov 09:15 Capacity Utilization Oct   77.6% 77.6% 77.4%  
16    
               
Nov 10:00 NAHB Housing Nov   18 18 18  
16 Market Index    
             
Nov 10:30 Crude Inventories 11/12   NA NA -  
16   1.370M  
             
Nov 08:30 Initial Claims 11/12   400K 400K 390K  
17    
               
Nov 08:30 Continuing Claims 11/05   3650K 3648K 3615K  
17    
               
Nov 08:30 Housing Starts Oct   575K 603K 658K  
17    
               
Nov 08:30 Building Permits Oct   600K 603K 594K  
17    
               
Nov 10:00 Philadelphia Fed Nov   5.0 7.5 8.7  
17    
               
Nov 10:00 Leading Indicators Oct   0.3% 0.6% 0.2%  
18    
               

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

R2 is Weekly Strong Resistance

Levels are for the most active futures contract

    Daily Support and Resistance  
               
  Trend WS2 WS1 DS DR WR1 WR2
Dec ES D 1195.00 1228.00 1222 1266 1285.00 1308.50
           
Dec U 2232.50 2291.00 2321 2386 2404.50 2458.50
           
Nasdaq              
Dec U 127.29 128.46 129.12 130.38 130.34 131.05
           
Yen              
Dec EC D 133.23 135.35 134.18 136.23 139.08 140.69
           
Dec 10 U 128.27 129.10 130.02 131.02 130.20 131.15
           
Year              
               
Dec 30 U 138.10 139.12 140.30 143.07 142.10 144.06
           
Year              
Jan U 11.324 11.54 11.83 12.11 12.10 12.44
           
Soybea              
ns              
Dec D 6.174 6.28 6.35 6.50 6.57 6.76
           
Corn              
Dec U 1708.80 1748.9 1750 1793 1816.7 1844.40
           
Gold              
Dec U 32.15 33.39 33.85 34.94 35.61 36.59
           
Silver              
Dec U 315 331 342 353 365 382
           
Copper              
Dec U 91.11 95.16 96.58 100.30 101.33 103.45
           
Crude              
               

N.B.: 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.