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Daily Technical Analysis Report

MARKET WATCH
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Date: 25/04/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS 1264.00LEVEL1 1299.40 1286.00

Sdwys/Down
TRP: LEVEL2 1300.00 1277.40 1307.40 LEVEL3 1307.40* 1262.00

Comment: Overall the market is in a bear trend, but yesterdays reversal alerts for near term corrections to recover back into the 1300-130740* range. Look for follow recovery rallies today. A close over 130740* is bullish for a retracement near the recent downturn levels around 1321. A close under 127740 rekindles bear trending moves to 1262-1262.

SILVER
ST Trend
Obj: MAY FUTURE RESISTANCES SUPPORTS 18.950 LEVEL1 19.840* 19.400

Sdwys/Down
TRP: LEVEL2 20.080 19.135 19.840 LEVEL3 20.185* -

Comment: The market is short term bearish, but yesterdays reversal action of the 1895 target alerts for a short term bottoming turn. A close over 1984* will spark a larger recovery phase back to 2050+. If trade struggles to extend over 1984*+, then expect residual bear forces to pressure trade to congestion around 1950-1940 as the market works to shift momentum forces to the upside. A close under 19135 is bearish.

COPPER
ST Trend
Obj: MAY FUTURE RESISTANCES SUPPORTS 3.1800 LEVEL1 3.1355 3.0890 TRP: LEVEL2 3.1875 3.0650

Up
3.0270 LEVEL3 3.2000 3.0270*

Comment: Yesterdays punch over congestion of the past month gives bull signals and projects a short term advance back to the early March downturn levels near 318-320. Trade is poised for

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Date: 25/04/2014

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continuation rallies. Any dips should fight to bounce off previous congestion highs. Only a close under 30270* marks a reversing turn back to lower levels.

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Date: 25/04/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 102.26 101.27 TRP: LEVEL2 102.99* 101.19 Sdwys/Up 100.42 LEVEL3 103.83 100.42*

Comment: Overall the market is in a bull trend, but backing off into a near term correction that could retrace to test support at 10042*. A close under 10042* signals a short term turnover and harder corrections below 100-. However, suspect a fight to bounce trade off 10042* and attempt secondary rallies. A close over 10299* or pop over 10383 projects a drive to 105+.

NATURAL GAS
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 4.797 4.672 TRP: LEVEL2 4.845 4.640 Up 4.620 LEVEL3 5.089* 4.620*

Comment: The market is short term friendly and pressing rallies past 4820 should run a rally to challenge the late February reversal high. A breakout over 4893 projects to 5089*. Yesterdays reversal hints for corrective congestion / dips, but support over 4620* will provide a staging level for rallies. A close under 4620* signals a reversing turn, extending defensive trade back along 4500.

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Date: 25/04/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS 1886.00 LEVEL1 1884.00 1863.75 TRP: LEVEL2 1892.50 1854.00

Sdwys/Up
1833.25 LEVEL3 1848.00

Comment: The market is muscling a bullish climb back through the last selloff and positioned to run trade into a breakout test of the last swing high. A close over 188625 implies a bull moves to 1914-1020. Be prepared for a corrective pullback around the central levels of trade over the past couple months at 1854+/-, but holding over 1848+ should setup a staging level for rallies.

MINI DOW
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 16525 16388 TRP: LEVEL2 16574 16317

Sdwys/Up
16121 LEVEL3 16121*

Comment : The market has forced a bullish upturn and positioned to attack the last swing high. A close over 16574 implies a bull moves beyond 16800+. Be prepared for a corrective pullback around the central levels of trade over the past couple months just over 16250+, but holding over 16200+ should setup a staging level for rallies.

MINI NASDAQ
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 3607.75* 3549.50

Sdwys/Down
TRP: LEVEL2 3646.00+/35200.03607.75 LEVEL3 3607.75* 3486.25

Comment: Overall the market is still in a bear trend, although yesterdays rebounding action attempted a rally over the 360775* resistance. A close over 360775* confirms a bottoming turn

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Date: 25/04/2014

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and calls for continued climbing moves to 365500-367500. Further rejections from 360775* caution for secondary selloffs around 352000-. A close under 348625* is negative.

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Date: 25/04/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS None LEVEL1 1476.00 1460.00 TRP: LEVEL2 1486.00 1455.00 Sdwys/Up 1455.75 LEVEL3 1498.00 -

Comment: Overall the market remains in a bull trend, but a surge over 1498+ is needed to rekindle bull trending to stretch for a new high. Yesterdays slip lower warns for corrections into today-Thursday, but a close under 1455 3/4* is needed to start a topping turn. Be careful for a bounce off 1455 3/4* on the first test.

SOYMEAL
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS 488.00 LEVE1 474.10 466.50 TRP: LEVEL2 479.40+ 460.80* Sdwys/Up 460.80 LEVEL3 -

Comment: Overall the market is bullish, but a punch over 47940+ is needed to spark a run that attacks for a breakout at new highs and a fresh drive to 488. Yesterdays weak close hints for corrective trade into today- Thursday. A sustained penetration under 46080* warns for a peaking turn and drop under 449-.

SOYBEAN OIL
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS None LEVEL1 43.09 42.56 TRP: LEVEL2 43.50 42.47* Sdwys/Up 41.55 LEVEL3 43.90 42.20

Comment: The market muscled into a short term bull trend last week with potential to probe against the early March swing high. However, a pop over Mondays high is needed to rekindle bull forces for a run to 4470+. Yesterdays weak close hints for a few defensive days that ease

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Date: 25/04/2014

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against 4247* support. A close under 4247* warns for sustained corrections.

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Date: 25/04/2014

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WHEAT
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS None LEVEL1 699.00 688.00 TRP: LEVEL2 709.00 681.00

Sdwys
681.75 LEVEL3 -

Comment : The market is shifting the bias of congestion to the upside, but a surge over 709 1/4 is needed to spark rallies to attack the March swing high. Be prepared for a slip into sideways trade along 690-680. A close under 681 3/4* turns the bias of trade down, but a drop through 670 is needed to send a selloff to 661* weekly support.

CORN
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS None LEVEL1 511.00 502.00 TRP: LEVEL2 513.00 497.00

Sdwys
511.50 LEVEL3 524.00 494.00

Comment: The rebounding action is up against the 511 1/2* resistance level. A close over 511 1/2* will reverse trade into a secondary drive against the early April spike high. Yesterdays rejection from over 511 1/2* warns for a slide back near 500-, but a close under 494 is needed to open up a larger selling wave.

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Date: 25/04/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS 18.29 LEVEL1 17.96 17.66 TRP: LEVEL2 18.06 17.50*

Sdwys/Up
17.50 LEVEL3 18.42 17.30

Comment: This weeks rallies flip short term trend forces up and calls for a push to 1829. Despite yesterdays corrective action, trade is poised for rallies. A close over 1836 is bullish. A close under 1750* or drop below 1730 marks a reversing turn back to lower levels.

COFFEE
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS 227.00 LEVEL1 218.90 20.475 TRP: LEVEL2 219.45 201.00 Up 200.15 LEVEL3 227.00 200.15*

Comment : This weeks punch into a new high signals a bull breakout and should kick off climbing rallies to 227. Stable action over 210+/- should foster follow through rallies today. Any 2-3 day near term corrections should fight to hold within Tuesdays range and bull flag to setup for continuation rallies. Only a close under 20015* marks a reversing turnover.

COCOA
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS None LEVEL1 2998.00 2965.00* TRP: LEVEL2 3030.00 2940.00-

Sdwys/Up
2965.00 LEVEL3 3047.00

Comment: The sideways trade of recent weeks still leaves the market in a positive alignment, hinting for a breakout attack over the 3047 swing high. Any corrective dips that hold off the 2965* should build for rallies to attack over 3047+. Be prepared for another sideways congestion day. A close under 2965* cautions for pressured trade at 2930-, trying for a larger downturn.

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Date: 25/04/2014

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COTTON
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS 94.18 LEVEL1 93.48 92.44 TRP: LEVEL2 94.18* 91.70 Sdwys/Up 89.49 LEVEL3 96.76 90.45-

Comment: The market suggested an upturn from sideways trade for a climb against 9418* resistance. A close over 9418* is bullish. However, yesterdays spike lower implies a failed upturn and we should be prepared for additional defensive congestion days at 9250-9150. A close under 9045 is needed to drive selloffs to attack 8949* for a larger downturn.

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Date: 25/04/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS 1.3966 LEVEL1 1.3844 1.3782 TRP: LEVEL2 1.3886 1.3758* Sdwys/Up 1.3758 LEVEL3 1.3930+ -

Comment : The market holds a short term friendly trend bias, but near term appears to be working through defensive flagging corrections that may yet pressure dips under 13800-. A close under 13758* is needed for a downturn and sustained selloffs under 13700-. Look for a bounce off 13758*. A push over 13849+ could spark rallies, but a close over 13885 is needed to send trade to attack the 13966 swing high.

B POUND
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS 1.7000+ LEVEL1 1.6870 1.6745 TRP: LEVEL2 1.7000+ 1.6741 Sdwys/Up 1.6714 LEVEL3 1.6714*

Comment: The market is bullish and breakout into new highs opens up potential for an emerging bull wave over 170+. Stable action over 168+ should encourage rallies. A slip under Mondays low warns for near term defensive trade around 16750+/- to develop a bull flag, but only a close under 16714* voids the breakout and signals for short term selloffs into the 167-166 levels.

J YEN
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9797 0.9737 TRP: LEVEL2 0.9821* 0.9734

Up
0.9702 LEVEL3 0.9877 0.9702*

Comment: In general the market holds a slight bull bias, but near term trade is backing away

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Date: 25/04/2014

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from previous congestion resistance highs and could extend defensive consolidation action around 9800-9702* for another week. A close under 9702* is bearish. A close over 9821* calls for another thrust against congestion range highs. A breakout over 9886-89 creates a bull swing objective to 10030.

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Date: 25/04/2014

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AUSSIE$
ST Trend Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9287 0.9216 TRP: LEVEL2 0.9300 0.9190 Sdwys/Down 0.9344 LEVEL3 0.9344* 0.9101*

Comment: The market is signaling a negative turnover and on the verge of a larger selling wave. Look for continued pressured trade to probe at 9232-9209. A press under 9209 could open up a wash to 9101*. Trade may try to correct back within yesterdays downturn, but a close over 9344* is needed to fully rekindle bull trend forces.

CANADIAN$
ST Trend Obj: JUNE FUTURE RESISTANCES SUPPORTS 0.9003 LEVEL1 0.9087 0.9037 TRP: LEVEL2 0.9130 0.9003 Sdwys/Down 0.9134 LEVEL3 0.9134* 0.8985

Comment: The market is signaling a shift to short term bear trending moves that could continue a slide along 9003-. A drop through 9037- will promote declines. Any rally attempts should struggle in the low 9100s and only a close over 9134* marks a return to bull trending moves that will attack the 9195 swing high.

SWISS FRANC
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 1.1350 1.1285 TRP: LEVEL2 1.1379 1.1279*

Sdwys
1.1279 LEVEL3 1.1428 1.1222-

Comment: The market shows near term corrections pressuring for a test of the 11279* support, but trade that holds 11279* retains a slight bull bias. A pop over 11397 could launch another bull wave to push for a test / breakout over the mid-March swing high. A close under 11279* marks a reversing turnover and drop against the early April swing low.
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

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Date: 25/04/2014

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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: 25/04/2014

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