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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

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Crude could reverse its intermediate trend today

12.13.2013

Top Day Recommendations

Just Producer Price Index and the Core rate (minus food and energy) at 8:30. Stocks languished again yesterday. A second day of realization that the budget agreement in Washington could trigger the taper as early as next week. Metals had that delayed reaction mentioned the day before yesterday as gold slammed into support at 1225.

Crude could reverse its intermediate trend today with a lower close. Some are pointing to a head and shoulders formation in stocks.

Aussie dollar drop most precipitous in 28 years as BOA says that it’s more comfortable with the Aussie trading at 85 than at 90. British/Loonie spread is worth looking at. NOB should reflect curve steepening.

 

 

Week of December 09 - December 13

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Dec 10

10:00

Wholesale  Inventories

Oct

 

0.3%

0.3%

0.4%

 

Dec 10

10:00

JOLTS - Job

Openings

Oct

 

NA

NA

3.913M

 

Dec 11

07:00

MBA Mortgage Index

12/07

 

NA

NA

-12.8%

 

Dec 11

10:30

Crude Inventories

12/07

 

NA

NA

-5.585M

 

Dec 11

14:00

Treasury Budget

Nov

 

NA

NA

-$172.1B

 

Dec 12

08:30

Initial Claims

12/07

 

325K

315K

298K

 

Dec

08:30

Continuing Claims

11/30

 

2750K

2750K

2744K

 

                   

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

12

 

 

 

 

 

 

 

 

Dec 12

08:30

Retail Sales

Nov

 

0.9%

0.6%

0.4%

 

Dec 12

08:30

Retail Sales ex-auto

Nov

 

0.5%

0.3%

0.2%

 

Dec 12

08:30

Export Prices ex-ag.

Nov

 

NA

NA

-0.4%

 

Dec 12

08:30

Import Prices ex-oil

Nov

 

NA

NA

0.0%

 

Dec 12

10:00

Business Inventories

Oct

 

0.3%

0.3%

0.6%

 

Dec 12

10:30

Natural Gas Inventories

12/07

 

NA

NA

NA

 

Dec 13

08:30

PPI

Nov

 

-0.1%

-0.1%

-0.2%

 

Dec 13

08:30

Core PPI

Nov

 

0.1%

0.1%

0.2%

 

 

 

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

D

1767

1786

1765

1789

1817

1828

Dec Nasdaq

D

3432

3469

3440

3488

3526

3547

Mar Yen

U

9577

9647

96.12

97.10

9814

9911

Mar EC

U

134.58

135.77

 

 

137.62

138.28

Mar 10 Year Note

D

122.27

123.17

123.27

124.15

125.03

126.00

Mar 30 Year Bond

PRD(D)

126.20

127.25

128.26

129.18

130.01

131.22

Jan Soybean

U

12.92

13.09

13.01

13.41

13.43

13.62

Mar Corn

U

4.09

4.22

4.28

4.39

4.43

4.51

Feb Gold

PRD(D)

1189

1209.5

1212.80

1246.0

1250.9

1274.1

March Silver

PRD(D)

18.36

18.93

18.81

20.06

20.05

20.59

March Copper

U

312

318

326.75

331.00

328

332

Jan Crude

PRD(D)

93.00

94.42

96.79

98.01

99.94

101.85