Daily Technical Analysis Report

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Date: 14/04/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1321.20*+ 1313.70 TRP: LEVEL2 1326.30 1310.00

Down
1321.20 LEVEL3 1334.00 1295.50*

Comment : Overall the market is still bearish, but near term corrections has trade testing up around 132120* resistance. A close over 132120* secures a short term turnaround and could spark a bull upswing to 1340+. If trade is capped by 132120*, suspect one more bear leg. A close under 129550* will resume bear trending trade.

SILVER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 20.220 19.890 TRP: LEVEL2 20.585 19.660

Down
20.9500 LEVEL3 -

Comment: Overall the market is short term bearish, but last Thursdays spike higher hints for near term corrections for a few days. A sustained push over 20315+ should produce rallies and pop over 20585 will send a run to challenge the 2095* resistance. Trade suggests renewed choppy sideways action just under 2000-, but only a drop off through 1966- resumes bear trending.

COPPER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 3.0700 3.0195

Sdwys /Down
TRP: LEVEL2 3.0885* 2.99253.0885 LEVEL3 2.9595

Comment: Overall the market is still bearish and drop below 29595 could resume declines to test at 290-. Trade may yet attempt further recovery action and work rising congestion into a

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push to test 30885* resistance for a bottoming turn. Be careful for a setback from 30885* to prompt secondary selloffs. A close over 30885* implies a drive to 315-31650.

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Date: 14/04/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 105.50 LEVEL1 104.23 102.80TRP: LEVEL2 104.48 102.40 Sdwys/Down 101.60 LEVEL3 105.50 101.60*

Comment: Overall the market is short term bearish, but last Thursdays spike higher hints for near term corrections for a few days. A sustained push over 20315+ should produce rallies and pop over 20585 will send a run to challenge the 2095* resistance. Trade suggests renewed choppy sideways action just under 2000-, but only a drop off through 1966- resumes bear trending.

NATURAL GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.636 LEVEL1 4.755 4.563 TRP: LEVEL2 4.845 4.500+/Sdwys 4.362 LEVEL3 5.089* 4.405*

Comment: The market is short term friendly and Fridays inside day keeps trade poised for pressing rallies to challenge within the late February reversal high. A close over 4680 should spark rallies. A breakout over 4893 projects to 5089*. We may see corrective congestion back within last weeks range, but suspect support near 4500+/-. Only a close under 4405* signals a reversing turn to bearish trade.

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Date: 14/04/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1793.50 LEVEL1 1826.50 1804.00 TRP: LEVEL2 1829.00 1793.50*

Up
1860.00 LEVEL3 1839.75+ -

Comment: The market is showing a downside breakout under congestion lows of recent weeks and target a bear wave to 179350*. A close under 179350* calls for the complete retracement of the last bull wave with a wash to 1745-. Be alert for a bounce off 179350*+/- on the first test. Corrections should struggle to push back over 1840+.

MINI DOW
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 15960 LEVEL1 16198 15960TRP: LEVEL2 16160+ 15797

Up
16331 LEVEL3 16331* -

Comment : Last weeks break highlights a bear turnover. A sustained selloff through 1596015911 warns for a larger unfolding decline back to 15477. If trade is reluctant to extend under 15911-, be alert for a modest bounce into corrections. Trade should struggle to push back over 16160+ if bear forces have control. Only a close over 16331* marks a bull turn.

MINI NASDAQ
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 3437.00 LEVEL1 3496.50 3427.00 TRP: LEVEL2 3524.00 3415.00-

Up
3546.75 LEVEL3 3546.75* -

Comment: The market is bearish and dropping to test the early February swing low. Be prepared for selling to attack near the February low, but a reluctance to selloff below 341500hints for a bounce into corrections. A close under 341500 warns for a larger washout to 326350.

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Corrections should struggle in the 350000-355000 range if bear forces are in control. Only a close over 354675* voids bear forces.

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Date: 14/04/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 1497.00 1442.00 TRP: LEVEL2 1500.00 1436.00 Sdwys/Up 1436.50 LEVEL3 1516.00 -

Comment: Overall the market remains in a bull trend. A punch over 1490 could launch a drive around 1520+/-. The back off late last week cautions for a shift to corrective trade and we should be ready for further tests of support within the previous weeks congestion levels. A close under 1436 1/2* confirms a topping reversal signal.

SOYMEAL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 488.00 LEVE1 469.00 460.80 TRP: LEVEL2 473.40 456.90* Sdwys/Up 456.90 LEVEL3 478.70 -

Comment: The market is bullish, but needs to punch into a breakout at new highs to renew the bull drive and send a bull leg to 488. The near term slip lower at the end of last week warns for near term corrections. A sustained penetration under 46080 warns for pressured action against 45690*. A close below 45690* marks a peaking turn and drop under 449-.

SOYBEAN OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 43.18 LEVEL1 42.64 42.02 TRP: LEVEL2 43.18* 41.70 Sdwys/Up 41.25 LEVEL3 41.25*

Comment: The market is short term friendly and could send a climbing run to 4318* retracement resistance. A close over 4318* is bullish. The minor setback late last week hints for minor corrective dips, but trade should hold off the upper 4100s to maintain strong bull forces.

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A close under 4125* confirms a reversing downturn.

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Date: 14/04/2014

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 661.00 LEVEL1 678.00 661.00* TRP: LEVEL2 680.00 647.00

Down
687.25. LEVEL3 687.00 639.00

Comment : The market is short term bearish and targeting a selloff to test 661* retracement support. A close under 661* should open up additional declines to 647 1/2-639 1/4. A reluctance to extend under 661* may trigger near term rebounds and lead into sideways flagging corrections near 680+/-. Only a close over 687 1/4* marks a short term turnaround for a secondary drive over 700+.

CORN
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 510.00 499.00 TRP: LEVEL2 517.00 497.00*

Down
497.00 LEVEL3 524.00 488.00-

Comment: Last weeks reversal from a new high alerts for a peaking turn and we should be prepared for additional corrective setbacks to test down at 497* support. A close under 497* alerts for a short term peaking turnover and drop into the 490-480 zone. A close over 517 is needed to spark fresh rallies into new highs.

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Date: 14/04/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 16.82 LEVEL1 17.60 17.38TRP: LEVEL2 17.71 17.19

Down
17.97 LEVEL3 17.97* 16.82

Comment: Fridays break suggests a downturn from flagging action, rekindling the short term downturn and warns for sustained declines to 1700-1680. Trade may try to climb back into recent congestion and resume sideways higher flagging action. However, only a close over 1797* rekindles bull trend forces.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 208.00 201.00 TRP: LEVEL2 211.50 199.90 Sdwys/Up 194.50 LEVEL3 227.00 194.50*

Comment : Last weeks rallies challenged against the last swing high, trying to force a breakout at new highs. A close over 21150 projects a drive to 227. Fridays pullback from the old high hints for corrective congestion for a few days, but trade should fight to hold off 19450* to keep bull forces. A close under 19450* signals for a multi-week correction phase.

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 3013.00 2965.00* TRP: LEVEL2 3034.00 2940.00-

Up
2965.00 LEVEL3 3047.00 -

Comment: The choppy rallies of the past week indicate a positive turn and hints for a breakout attack over the 3047 swing high. Any corrective dips that hold off the 2965* should fuel rallies to

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attack over 3047+. Be prepared for sideways congestion today, but watch for the bounce from 2975-65*. A close under 2965* is needed to send dips to recent congestion lows and challenge for peaking action.

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 89.49 LEVEL1 91.40 90.00+/TRP: LEVEL2 92.10 89.49 Down 92.89 LEVEL3 92.89* -

Comment: The market is short term bearish, but trying to hold within the larger bull trend. Be ready for a press under 9000- to send dips to test 8949* support. A close under 8949* highlights a larger top for declines to 8775-. If we see trade stabilize over 8949*+, then watch for creeping rallies. A close over 9289* will rekindle bull trending trade.

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Date: 14/04/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 139.66 LEVEL1 1.3911 1.3846 Sdwys/Down TRP: LEVEL2 1.3942 1.3809 1.3758 LEVEL3 139.66 1.3797

Comment : Last weeks climbing rallies signal a bull upturn out recent corrections and has the market positioned to push for a breakout attack over the 13966 swing high. A close over 13966 is bullish and implies a larger emerging bull advance over 14020+. Be prepared for resting resistance against the mid- March peaking levels over 13900+ that could trigger near term setbacks and shift to flagging congestion over 13800+.

B POUND
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.7000+ LEVEL1 1.6797 1.6708 TRP: LEVEL2 1.6805 1.6691 Sdwys/Up 1.6646 LEVEL3 1.6646*

Comment: The thrust higher last week marks a bull upturn and calls for pressing rallies to attack for a bull breakout over the 16805 swing high. A breakout beyond 16805 opens up potential for an emerging bull wave over 170+. Fridays setback hints for minor consolidation of gains back in the upper edges of last Tuesdays run, but a close under 16646* is needed for a reversing turnover.

J YEN
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9869 0.9813 TRP: LEVEL2 0.9889 0.9771

Down
0.9702 LEVEL3 0.9930 0.9702*

Comment: Last weeks sharp rally signals a reversing turn and warns for a larger emerging bull wave that will try to push over the sideways congestion highs of the past couple months. A

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Date: 14/04/2014

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breakout over 9886-89 creates a bull swing objective to 10030. We may see near term consolidation slip into the upper edges of last Tuesdays run, but tight congestion will build a staging level for rallies. A close under 9702* marks a bear reversal.

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Date: 14/04/2014

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AUSSIE$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9399 0.9330 TRP: LEVEL2 0.9416 0.9278 Down 0.9259 LEVEL3 0.9259*

Comment: The market is bullish, but trade has achieved the 9362+ target. Trade remains poised for rallies, but a close over 9410 is needed to continue stretching rallies. Be ready for near term corrections for a week of flagging congestion, although, only a close under 9259* confirms a peaking turnover.

CANADIAN$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9128 0.9084 TRP: LEVEL2 0.9159 0.9061* Sdwys/Down 0.9061 LEVEL3 0.9200 -

Comment: The market is short term bullish, but stalling within the target zone at 9150-9200. Trade is still poised for rallies, but a close beyond 9200-10 is needed to add a stretching run to 9255-76. Be prepared for additional corrective trade, consolidating gains along 9100-. Congestion trade that stabilizes over 9100 should bull flag. A close under 9061* signals a bear turnover.

SWISS FRANC
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.1490+ LEVEL1 1.1428 1.1370 TRP: LEVEL2 1.1490 1.1330

Sdwys
1.1279 LEVEL3 1.1503 1.1279*

Comment: Last weeks rallies have powered a bull upturn, signaling for a push to attack the mid-March swing high. A breakout over 11503 implies a drive to 11555+. Be careful for resting resistance against the previous peaking congestion which could trigger minor setbacks, but tight sideways consolidation around the mid 113 levels will bull flag. A close under 11279* is

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needed for a reversing turnover.

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: 14/04/2014

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