Navigation

OPEN ACCOUNT NOW ONLINE!
Home
Managed Futures
Online Futures Trading
Futures Trading Systems
Free $45 Investor Kit

Quotes and Charts

Single Stock Futures

Emini
S&P, Nasdaq, Dow

Free Futures Kits
Futures Education Center
Research
Rates
 
   

Dollar futures strong and crude oil futures lower

Top Day Rec

07.10.09

The main number of the day will be consumer confidence.

The trade deficit narrowed as a drop in consumer demand results in a drop in imports.

Overnight, itís back to Mondayís theme of rising unemployment counterbalances inflationary pressures and risk is averted at all costs. So, the dollar is strong, oil lower, stocks lower and the Yen looks at the 109 level again.

      

Jul 06

10:00

ISM Services

Jun

 

NA

46.0

44.0

 

Jul 08

10:30

Crude Inventories

07/03

 

NA

NA

-3.66M

 

Jul 08

15:00

Consumer Credit

May

 

NA

-$7.5B

-$15.7B

 

Jul 09

08:30

Initial Claims

07/04

 

NA

NA

NA

 

Jul 09

10:00

Wholesale Inventories

May

 

NA

-1.0%

-1.4%

 

Jul 10

08:30

Export Prices ex-ag.

Jun

 

NA

NA

0.3%

 

Jul 10

08:30

Import Prices ex-oil

Jun

 

NA

NA

0.2%

 

Jul 10

08:30

Trade Balance

May

 

NA

-$30.0B

-$29.2B

 

Jul 10

09:55

Mich Sentiment-Prel

Jul

 

NA

71.0

70.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                     

Current views, speculations and suggestions

(good till close of business today)

 

Sept Yen: pos with support at 106.80 and res at 109 

Sept Swiss: pos with support at 91.15

Sept EC: neg with res at 141   

Sept Canadian: neg with res at 86.60

Sept BP:  neg with res at 164.80      

Sept ES: pos with support at 868.50     

Sept NQ: neg with res at 1421      

Sept Mini Dow: neg with res at 8185  

Aug Gold: positive with daily support of 901   

Sept Silver: neg with res at 13.02

Sept Copper: neg with res at 226

Aug crude: neg with res at 61.50  

Nov Soybeans: neg with res at 9.24

Sept Wheat: potential reversal day

Sept Ten Year: pos with support at 117.17         

**************

International Markets

Sept Bund:  pos with support at 121.70       

Sept Dax: neg with res at 4666

NKD: neg and below daily support

 

***********  

N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 Ĺ%. Repeat: use Stops.  Donít think about using Stops. Use Stops. Some find it appropriate to look at the margin requirement and use that as a stop or if itís a steep initial requirement, use half.     

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.

 

 

Managed Futures | Online Futures Trading | Futures Trading Systems | Futures Kits
United Futures Trading | Emini | Futures Broker

 

Futures & Commodity Research & News

Want to contact a licensed broker? Give us a call at 800-840-5617