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Daily Technical Analysis Report

MARKET WATCH
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Date: 08/04/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1265.00 LEVEL1 1308.00 1293.00 TRP: LEVEL2 1309.00 1288.90*

Down
1321.20 LEVEL3 1321.20* 1281.90

Comment : Overall the market is still bearish, but near term correcting off the 1284-1277 target zone. Be ready for modest rebounding or corrective days this week. A close over 132120* is needed to secure a short term turnaround and spark a bull trending upswing. If recovery action fades under 132120*, suspect one more bear leg. A close under 128890* or drop under 128190 will resume bear forces and chances for a drop to 126520*-1262.

SILVER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 19.520 LEVEL1 20.165 19.745 TRP: LEVEL2 20.315 19.660

Down
20.950 LEVEL3 20.585 -

Comment: The market is short term bearish and still warns for a slide to 1952-. A drop under 1966 will resume declines to 1952 with a chance to probe against old lows from Dec-January. Be prepared for several corrective days, possibly lifting flagging congestion up around 2030. Closes over 2061 and 2095* are needed to signal a bullish turn.

COPPER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 2.7100 LEVEL1 3.0545 3.0060 TRP: LEVEL2 3.0700 2.9765

Sdwys /Down
3.0885 LEVEL3 3.0885* 2.9595

Comment: Overall the market is still bearish and drop below 29595 could resume declines to test at 290-. Mondays bounce suggests further recovery action into this week with rising

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Date: 08/04/2014

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congestion that will push for a test at 30885* resistance for a bottoming turn. Be careful for a setback from 30885* to prompt secondary selloffs.

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Date: 08/04/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 101.02 100.12 TRP: LEVEL2 101.62* 99.75 Sdwys/Down 98.99 LEVEL3 102.20 98.99*

Comment: The market is caught between 9899* support and 10162* resistance. A close under 9899* alerts for a short term bear turnover and larger selling wave to 9800-9700 and possibly 9636*. Last weeks bounce off 9899*+/- gives a slight bull bias, but a close over 10162* is needed for a critical upturn to higher prices with an initial target to 10345.

NATURAL GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.636 LEVEL1 4.516 4.369 TRP: LEVEL2 4.568 4.338* Sdwys 4.338 LEVEL3 4.636* -

Comment: Current rebounds are twisting short term trend forces up and hints for climbing moves to 4636*. Be prepared for near term sideways congestion along 4400+/- as trade works to turn trend momentum forces up. Stable action over 4338* will build for rallies. Only a close under 4338* rekindles bear trend forces.

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Date: 08/04/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1793.50 LEVEL1 1845.75 1826.00* TRP: LEVEL2 1853.00 1812.00

Up
1870.50 LEVEL3 1870.50* 1793.50*

Comment: The sharp two day break signals a topping bear reversal and should drive corrective selloffs to attack the 182350 swing low. A close under 1826 implies a larger unfolding bear wave to 179350*-. We may see some consolidation action inside yesterdays range, but tight congestion should bear flag. A close over 187050* is needed to recapture bull trend forces.

MINI DOW
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 16237 16163* TRP: LEVEL2 16300+/16112

Up
16163 LEVEL3 16418* 15911-

Comment : The sharp two day break suggests a topping reversal and targets corrective selloffs that may attack the 15911 swing low. A close under 16163* confirms a bear turn and calls for an unfolding bear wave to 15911-. We may see some consolidation action inside yesterdays range, but tight congestion should bear flag. A close over 16418* is needed to recapture bull trend forces.

MINI NASDAQ
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 3450.00 LEVEL1 3456.50 3489.00 TRP: LEVEL2 3573.50 3450.00+/-

Up
3594.75 LEVEL3 3594.75* 3437.00
Date: 08/04/2014

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Comment: The market is showing a bear turnover, calling for a sliding move back through the last major bull wave to reach for support around 345000-. Trade is poised for selloffs and any corrective congestion trapped within Mondays range should quickly return to selloffs. Only a close over 359475* negates the bear trend alignment.

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Date: 08/04/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 1480.00 1458.00 TRP: LEVEL2 1490.00+ 1454.00Sdwys/Up 1429.25 LEVEL3 1516.00 1438.00

Comment: The market remains in a bull drive, but last weeks back off from the expected target at 1490+ hints for defensive congestion. The formation retains potential, but a close over 1490 is needed to send a push up around 1545+/-. Another back off from 1480-1490 cautions for selloffs. Selloffs should find support along the upper edges of previous congestion. Only a close under 1438 3/4* negates the breakout signal.

SOYMEAL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 497.70 LEVE1 481.10 472.30 TRP: LEVEL2 485.10 469.90 Sdwys/Up 463.40 LEVEL3 491.50 463.40*

Comment: The market is bullish, showing a breakout into new highs and signaling for a drive to 49770. Trade is bull flagging and positioning for aggressive rallies the next few days. Corrective dips should fight to hold within last Mondays range to maintain the upside breakout signals. Only a close under 46340* highlights a topping turnover.

SOYBEAN OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 41.76*+ 41.20TRP: LEVEL2 42.06* 40.80* Sdwys/Up 42.06 LEVEL3 42.35 40.43

Comment: Last Wed-Fridays reversals from over 4206*+ alerts for a stalled recovery and suggests a shift into defensive congestion trade for the coming week. A close under 4080* could

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Date: 08/04/2014

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send a drop to again test 4016* weekly support. A close over 4176* will boost trade to challenge 4206* resistance again and attempt sustained advances.

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Date: 08/04/2014

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 658.00 LEVEL1 677.00 667.00 TRP: LEVEL2 679.00 658.00

Down
699.00 LEVEL3 686.00* 647.00

Comment : Overall the market is short term bearish. Be ready for follow through selloffs, but be ready for another stall around 658 1/2+/-. Fri-Mondays bounce may already have started a near term turn for corrections for this week and sustained action over 677 1/2 could boost retracements to 690-699*. A close under 658 1/2 warns for a larger unfolding selloff to 640-.

CORN
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 515.00+ LEVEL1 504.00 494.00 TRP: LEVEL2 506.00 489.00

Down
489.50 LEVEL3 515.00+ -

Comment: Last weeks rallies still indicate an upside breakout over recent sideways flagging congestion and creates potential for a significant bull wave to 515+. Corrective setbacks mid last week tested against previous flagging levels and held which maintains the bull posture. A surge over 507 1/2 will likely spark rallies. A close under 489 1/2* signals a reversing turn to the downside.

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Date: 08/04/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 17.07 16.87 TRP: LEVEL2 17.30 16.80

Down
17.60 LEVEL3 17.60* 16.49-

Comment: Last weeks drop off signals a short term bear reversal with a chance for sustained choppy declines to 1650. Trade is poised for selloffs, but modest recovery / congestion late last week could prompt sideways higher consolidation inside last Tuesdays downturn for a bear flag setup today. Only a close over 1760* rekindles bull trend forces.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 201.50 LEVEL1 198.00 188.10 TRP: LEVEL2 201.50 186.25 Sdwys/Up 178.90 LEVEL3 206.00+ 178.90*

Comment : The market is triggering a bull turn into secondary advances to challenge against the last swing high / peaking levels at 20150+. Trade is poised for rallies. A close over 20595 will confirm a breakout attack beyond the 20975+ high. Be prepared for a couple corrective congestion days back in the upper 180s. Only a close under 17890* marks a reversal to lower levels.

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 2987.00* 2930.00 TRP: LEVEL2 3006.00 2905.00

Up
2987.00 LEVEL3 3039.00 2885.00*

Comment: The market is suggesting peaking congestion and could extend a selling wave to

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Date: 08/04/2014

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2885*. A close under 2885* is bearish. Fridays recovery stops aggressive peaking action and hints for choppy sideways trade. Only a close over 2987* rekindles bull trend forces and drives trade to attack the last swing high.

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Date: 08/04/2014

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 89.64 LEVEL1 91.55 90.45 TRP: LEVEL2 92.48 89.85 Down 94.86 LEVEL3 94.86* 89.64*

Comment: The market is signaling a negative flip to short term bear trending and calls for pressured trade to test a key 8964* support. A close under 8964* marks a multi-week peaking turn and should foster selloffs to 8600-. A reluctance to penetrate below 9000 may again bounce near term trade and hints for sideways congestion for several days, but a close over 9486* is needed to rekindle bull trend forces.

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Date: 08/04/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.3666 LEVEL1 1.3748 1.3701 TRP: LEVEL2 1.3790 1.3670 Sdwys/Down 1.3854 LEVEL3 1.3803 1.3666*

Comment : Down sloping trade signals a bear turnover and potential for selloffs to 13666*. Sustained action under 13700- should drive follow through selloffs against 13666*. Any near term corrections kept in tight congestion will bear flag. A close over 13854* is needed for a reversing turn back to higher levels.

B POUND
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1.6672* 1.6539* TRP: LEVEL2 1.6765 1.6434 Sdwys/Up 1.6672 LEVEL3 1.6773 -

Comment: The market shows mostly sideways drifting action, but keeping trade capped under 16672* keeps the balance of trend forces to the downside. A close below 16539* will recapture bear trend forces and drive trade to 16434 and could foster a slide to 16350-. A close over 16672* will trigger a reversing turn back to higher prices, sending trade to attack for a breakout over previous swing highs.

J YEN
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9714 0.9640 TRP: LEVEL2 0.9760 0.9598

Down
0.9776 LEVEL3 0.9776* 0.9561-

Comment: The market is bearish, but last weeks bounce off the 9617 target is prompting near term recovery action. Be alert for near term reactionary rallies today-Wednesday. However,

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Date: 08/04/2014

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only a close back over 9776* reverses trade back to the upside. A close under 9617/9598 is needed to continue washout declines against the base levels from early this year.

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Date: 08/04/2014

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AUSSIE$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9362 LEVEL1 0.9249 0.9160 TRP: LEVEL2 0.9257 0.9130 Down 0.9096 LEVEL3 0.9362+ 0.9096*

Comment: The market is in a bull drive and a sustained push over 9257 could spark continued direct rallies to reach for 9362. Suspect a few corrective days. Corrective dips should hold 9160-9130 to keep a friendly alignment. Another 1-2 day sideways congestion will add to the bull flag development from last week. A close under 9096* marks a reversing turnover.

CANADIAN$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9111 0.9049 TRP: LEVEL2 0.9152 0.9025 Sdwys/Down 0.8946 LEVEL3 0.9188 0.8988

Comment: The climbing moves from last week signal a short term upturn and suggests a drive to 9150- 9200. Trade is poised for rallies, but a minor slip may check support around last weeks sideways congestion along 9049+/- as trade consolidates gains. Further tight congestion days should bull flag. A close under 8946* rekindles bear trend forces.

SWISS FRANC
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1.1286 1.1227 TRP: LEVEL2 1.1303 1.1192

Sdwys
1.1385 LEVEL3 1.1385* 1.1159

Comment: The market is bearish. A close under 11219 could add washouts to 11159-, but Mondays rebound hints for a near term flip to recovery trade which could prompt modest reactionary rebounds today- Wednesday. Be ready for resistance around the lower edges of previous congestion near 11286+. A surge over 11312 is needed to spark a larger retracement to

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Date: 08/04/2014

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11385*.
Disclaimer: This Report Is only for General Information. Opinions/Estimates Contained Herein is Subject to
Change without Notice. The Data/Information Herein Provided Is Believed to Be Reliable But Does Not Warrant for Its Accuracy/Completeness. We are Not Liable for Any Action Taken by Any Party Based on the above Information. This Material Is Not Intended As An Offer Or Solicitation for the Purchase or Sale of Any Financial Instrument.

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Date: 08/04/2014

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