Daily Technical Analysis Report

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Date: 16/04/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1296.60, 1260.20 LEVEL1 1311.06 1292.43 TRP: LEVEL2 1312.65 1260.20

Down
1331.40 LEVEL3 -

Comment : Computer: Yesterday's action has changed the minor trend for June Gold to down with very recent trade looking a bit soft. We have currently traded below the first swing target for this market (1296.60). The next objective is 1260.20. A reversal and rally through 1331.40 is needed to change this pattern. Historical analysis of this minor swing pattern shows a definite bearish bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 69 percent.

SILVER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 19.4600, 1930.00 LEVEL1 19.7790 19.3217 TRP: LEVEL2 19.8207 18.8150

Down
20.1400 LEVEL3 -

Comment: Computer: Yesterday's action has changed the minor trend for May Silver to down with very recent trade looking a bit soft. We have taken out all minor downside target objectives for this pattern and are now looking to test intermediate target levels. Historical analysis of this minor swing pattern shows a definite bearish bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 70 percent.

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Date: 16/04/2014

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COPPER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 2.9340, 2.8730 LEVEL1 3.0183 2.9644 TRP: LEVEL2 3.0249 2.9285

Sdwys /Down
3.0800 LEVEL3 -

Comment: Computer: Yesterday's action has changed the minor trend for May Copper to down with very recent trade looking a bit soft. The downside objectives for this formation range from 293.40 to 287.30, with a rally through 308.00 needed to negate the pattern. Historical analysis of this minor swing pattern shows a definite bearish bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 69 percent.

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Date: 16/04/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 102.09, 101.47 LEVEL1 104.49 103.04 TRP: LEVEL2 104.67 102.61 Sdwys/Down 104.55 LEVEL3 -

Comment: Computer: Yesterday's action has changed the minor trend for May Crude Oil to down with very recent trade looking neutral. The downside objectives for this formation range from 102.09 to 101.47, with a rally through 104.55 needed to negate the pattern. Historical analysis of this minor swing pattern shows no discernible bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 61 percent.

NATURAL GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.810, 4.895 TRP: LEVEL2 4.646 4.496 LEVEL1 4.633 4.506 Sdwys 4.404 LEVEL3 -

Comment: Computer: The minor trend for May Natural Gas remains up but with very recent action looking a bit soft. The upside target zone for this pattern is from 48.10 to 48.95, with a penetration of 44.04 needed to negate the formation. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 65 percent.

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Date: 16/04/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1779.75, 1762.50 LEVEL1 1850.83 1827.47 TRP: LEVEL2 1859.00 1818.38

Up
1867.50 LEVEL3 -

Comment: Computer: The minor trend for June E-Mini S&P 500 remains down but with very recent action looking strong. The downside objectives for this formation range from 1779.75 to 1762.50, with a rally through 1867.50 needed to negate the pattern. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 68 percent.

MINI DOW
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 15754, 15505 TRP: LEVEL2 16366 16040 LEVEL1 16299 16113

Up
16384 LEVEL3 -

Comment : Computer: The minor trend for June Mini Dow Jones remains down but with very recent action looking strong. The downside objectives for this formation range from 157.54 to 155.05, with a rally through 163.84 needed to negate the pattern. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 68 percent.

MINI NASDAQ
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 3405.00, 3349.50 TRP: LEVEL2 3527.13 3425.75 LEVEL1 3518.91 3454.65

Up
3599.50 LEVEL3 Date: 16/04/2014

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Comment: Computer: The minor trend for June E-Mini Nasdaq 100 remains down with very recent action looking neutral. The next objective is 3349.50.. Yesterday's outside reversal signals the likelihood that breaks into the 3448.00 area should be well supported for the next couple of days. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 63 percent.

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Date: 16/04/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 1491.75, 1535.75 TRP: LEVEL2 1517.75 1475.24 LEVEL1 1502.02 1477.46 Sdwys/Up 1444.25 LEVEL3 -

Comment: Computer: Yesterday's rally has taken the market to new contract highs. The minor trend for July Soybeans remains up with very recent action looking strong. A reversal and penetration of 1444.25 is needed to negate the pattern. Historical analysis of this minor swing pattern shows a very negligible negative bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 62 percent.

SOYMEAL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 479.70, 495.60 TRP: LEVEL2 483.60 470.42 LEVE1 479.72 470.98 Sdwys/Up 461.80 LEVEL3 -

Comment: Computer: Yesterday's action has changed the minor trend for July Soybean Meal to up with very recent trade looking firm. The upside target zone for this pattern is from 479.70 to 495.60, with a penetration of 461.80 needed to negate the formation. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 67 percent.

SOYBEAN OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES 43.85, 44.31 TRP: LEVEL2 43.86 LEVEL1 43.51 Sdwys/Up 42.01 LEVEL3 -

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Date: 16/04/2014

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SUPPORTS

42.68

42.60

Comment: Computer: The minor trend for July Soybean Oil remains up with very recent action looking strong. The upside target zone for this pattern is from 43.85 to 44.31, with a penetration of 42.01 needed to negate the formation. Historical analysis of this minor swing pattern shows a very negligible negative bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 62 percent.

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Date: 16/04/2014

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 726.75, 734.63 TRP: LEVEL2 736.38 698.46 LEVEL1 720.42 700.80

Down
663.75 LEVEL3 -

Comment : Computer: The minor trend for July Wheat remains up with very recent action looking strong. The upside target zone for this pattern is from 726.75 to 734.63, with a penetration of 663.75 needed to negate the formation. Look for support today from 700.80 to 698.46 and resistance between 720.42 and 736.38. Historical analysis of this minor swing pattern shows a definite bullish bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 70 percent.

CORN
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 548.75, 486.50 TRP: LEVEL2 515.79 503.23 LEVEL1 514.83 504.55

Down
499.75 LEVEL3 -

Comment: Computer: Yesterday's action has changed the minor trend for July Corn to neutral with very recent trade looking firm. Initial swing targets for this range are 548.75 on the upside, or 486.50 if a breakdown occurs. Look for support today from 504.55 to 503.23 and resistance between 514.83 and 515.79. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 66 percent.

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Date: 16/04/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 16.97, 16.82 TRP: LEVEL2 17.68 17.22 LEVEL1 17.64 17.27

Down
17.93 LEVEL3 -

Comment: Computer: The minor trend for July Sugar remains down with very recent action looking neutral. The downside objectives for this formation range from 16.97 to 16.82, with a rally through 17.93 needed to negate the pattern. Look for support today from 17.27 to 17.22 and resistance between 17.64 and 17.68. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 66 percent.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 213.00, 227.30 LEVEL1 199.66 190.54 TRP: LEVEL2 201.72 182.15 Sdwys/Up 192.40 LEVEL3 -

Comment : Computer: The minor trend for July Coffee remains up but with very recent action looking weak. The upside target zone for this pattern is from 213.00 to 227.30. Yesterday's outside reversal signals the likelihood that rallies into the 202.53 area should meet with good selling pressure for the next couple of days.

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 2954.00, 2935.00 TRP: LEVEL2 3006.00 2952.00 LEVEL1 3002.00 2957.00

Up
3015.00 LEVEL3 -

Comment: Computer: Yesterday's action has changed the minor trend for July Cocoa to down

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Date: 16/04/2014

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with very recent trade looking a bit soft. The downside objectives for this formation range from 29.54 to 29.35, with a rally through 30.15 needed to negate the pattern. Historical analysis of this minor swing pattern shows a very negligible positive bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 63 percent.

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Date: 16/04/2014

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 89.45, 87.13 TRP: LEVEL2 92.72 89.52 LEVEL1 92.41 90.46 Down 92.91 LEVEL3 -

Comment: Computer: Yesterday's action has changed the minor trend for July Cotton to down with very recent trade looking a bit soft. The downside objectives for this formation range from 89.45 to 87.13, with a rally through 92.91 needed to negate the pattern. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 64 percent.

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Date: 16/04/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.4019, 1.4021 TRP: LEVEL2 1.3947 1.3753 LEVEL1 1.3843 1.3771 Sdwys/Down 1.3669 LEVEL3 -

Comment : Computer: The minor trend for June Euro remains up but with very recent action looking weak. The upside target zone for this pattern is from 140.19 to 140.21, with a penetration of 136.69 needed to negate the formation. Look for support today from 137.71 to 137.53 and resistance between 138.43 and 138.47. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 65 percent.

B POUND
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.6907, 1.6984 TRP: LEVEL2 1.6759 1.6633 LEVEL1 1.6752 1.6671 Sdwys/Up 1.6545 LEVEL3 -

Comment: Computer: The minor trend for June British Pound remains up with very recent action looking neutral. The upside target zone for this pattern is from 169.07 to 169.84, with a penetration of 165.45 needed to negate the formation. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 65 percent.

J YEN
ST Trend
Obj: DECEMBER FUTURE RESISTANCES 0.9886, 0.9940 TRP: LEVEL2 0.9866 LEVEL1 0.9856

Down
0.9806 LEVEL3 -

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Date: 16/04/2014

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SUPPORTS

0.9789

0.9785

Comment: Computer: The minor trend for June Yen remains up but with very recent action looking a bit soft. The upside target zone for this pattern is from 98.86 to 99.40, with a penetration of 98.06 needed to negate the formation. Look for support today from 97.89 to 97.85 and resistance between 98.56 and 98.66. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 67 percent.

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Date: 16/04/2014

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AUSSIE$
Obj: ST Trend 0.9288, Down 0.9259 TRP: LEVEL2 0.9360 0.9238 0.9285 LEVEL3 DECEMBER FUTURE RESISTANCES SUPPORTS LEVEL1 0.9354 0.9282

Comment: Computer: Yesterday's action has changed the minor trend for June Australian$ to down with very recent trade looking a bit soft. The downside objectives for this formation range from 92.88 to 92.59, with a rally through 93.85 needed to negate the pattern. Historical analysis of this minor swing pattern shows a definite bearish bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 70 percent.

CANADIAN$
Obj: ST Trend 0.9001, 0.8939 TRP: LEVEL2 0.9128 0.9048 Sdwys/Down 0.9195 LEVEL3 DECEMBER FUTURE RESISTANCES SUPPORTS LEVEL1 0.9123 0.9065

Comment: Computer: Yesterday's action has changed the minor trend for June Canadian$ to down with very recent trade looking a bit soft. The downside objectives for this formation range from 90.01 to 89.39, with a rally through 91.95 needed to negate the pattern. Historical analysis of this minor swing pattern shows no discernible bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 61 percent.

SWISS FRANC
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.1541, 1.1609 TRP: LEVEL2 1.1404 1.1316 LEVEL1 1.1396 1.1329

Sdwys
1.1179 LEVEL3 -

Comment: Computer: The minor trend for June Swiss Franc remains up but with very recent

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Date: 16/04/2014

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action looking weak. The upside target zone for this pattern is from 115.41 to 116.09, with a penetration of 111.79 needed to negate the formation. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 65 percent.

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: 16/04/2014

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