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

ECB will send 200 billion to the IMF

Top Day Recommendations

12.08.11

Well the first day of the summit to solve the European debt crisis didn’t go so well. The ECB cut rates but only by .25. Some radical economists thought that a bold cut by .75 was in order while many would have been satisfied by .50. Then Mario Draghi, after 15 summits in 23 months, said that he was misinterpreted last week and that the ECB will not or cannot be the buyer of last resort. This really caught the market in the chops and the tumble was on. This evening we also learn that the ECB will send money, 200 billion to the IMF and that a fiscal union or compact has been reached by 17, not the full 27 nations in the union. ECB will manage rescue funds. The financial transaction tax is off the table for the moment thanks to the British. This tax would have crippled the City. Also, the key banks will have to raise 115 billion in capital by mid-2012 (from where exactly?). As mentioned yesterday, the result of the summit would be a “sort of agreement” that would allow everyone to navigate year end and make it through the holidays ( a.k.a as muddle through) but not much else and that the agreement would disappoint the markets which were will eager to entertain “shock and awe” measures.

Week of December 05 - December 09

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Dec 10:00 Factory Orders Oct   -0.6% -0.4% 0.3%  
05    
               
Dec 10:00 ISM Services Nov   53.0 53.4 52.9  
05    
               
Dec 07:00 MBA Mortgage Index 12/03   NA NA -11.7%  
07    
               
Dec 10:30 Crude Inventories 12/03   NA NA 3.932M  
07    
               
Dec 15:00 Consumer Credit Oct   $7.0B $7.0B $7.4B  
07    
               
Dec 08:30 Initial Claims 12/03   400K 395K 402K  
08    
               
Dec 08:30 Continuing Claims 11/26   3700K 3700K 3740K  
08    
               
Dec 10:00 Wholesale Oct   0.2% 0.2% -0.1%  
08 Inventories    
             
Dec 08:30 Trade Balance Oct   -$44.0B -$44.0B -  
09   $43.1B  
             
Dec 09:55 Mich Sentiment Dec   63.0 65.0 64.1  
09    
               

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
Mar U 1131.50 1187.50 1214.50 1240.25 1281 1318
           
ES              
Mar D 2108 2206 2258 2288 2372.50 2442
           
Nasdaq              
Dec U 126.80 127.47 128.29 129.45 129.11 130.08
           
Yen              
Dec EC PRD 131.14 132.59 132.62 134.35 135.50 136.95
           
  (D)            
Mar 10 PRD 127.17 128.19 129.225 130.23 130.24 131.26
           
Year (U)            
               
Mar 30 PRD 137.17 139.22 141.03 143.14 144.01 146.07
           
Year (U)            
Mar U 11.07 11.26 11.33 11.48 11.39 11.47
           
Soybea              
ns              
March D 5.78 5.86 5.894 6.064 6.09 6.24
           
Corn              
Feb U 1653.9 1701.550 1693.90 1746 1781 1814
           
Gold              
Mar D 29.89 31.29 30.87 32.75 33.91 35.13
           
Silver              
Mar PRD 317 338 345 357 371 383
           
Copper (D)            
Jan PRD 95.38 98.25 95.24 100..81 103.97 104.62
           
Crude (D)            
               

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.