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Commodities

Precious Metals ENERGY GRAINS SOFTS

T Bonds

Forex

INDICES

CURRENCIES

MARKET WATCH
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Date: 25/03/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1312.00 LEVEL1 1324.70 1306.00 TRP: LEVEL2 1331.00 1302.00

Down
1360.50 LEVEL3 1345.00+/1384.00-

Comment: The market is in a downturn, but yesterdays sell offs dropped around the objective / support at 1312*. Trade is poised for follow through sell offs. A close under 1306 will foster continued sell offs. A reluctance to extend / close under 132660- should trigger rebounds and flagging action back up near 1345. Only a close over 136050* rekindles bull trend forces.

SILVER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 19.970 LEVEL1 20.550 19.970 TRP: LEVEL2 20.830 19.600

Down
21.075 LEVEL3 21.075*+ 19.500

Comment: The market is short term bearish, but dropping against the 1997 objective. A close under 1997 is negative for a wash near 1955, but suspect a bounce 1997- if trade is reluctant to extend sell offs under 1997. A rebound over 20585 will boost recovery rallies, but any corrections that fade against 2083 will stay aligned for sell offs. Only a close over 21075* signals a shift back to higher prices.

COPPER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 2.7100 LEVEL1 2.9900 2.9200 TRP: LEVEL2 3.0080 2.9000

Sdwys /Down
3.0885 LEVEL3 3.0300 2.8770

Comment: Overall the market is still bearish. The sideways congestion from the past week and

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Date: 25/03/2014

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half keeps trade lined up to test at 290-. A close under 28770 is needed to add to washouts to 271. A push over 303 is near term positive, but rebounding trade should struggle to sustain a recovery over the 30985* retracement resistance.

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Date: 25/03/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 96.58 LEVEL1 99.86* 98.25* TRP: LEVEL2 100.40 98.09 Sdwys/Down 99.86 LEVEL3 101.00+ 96.58*

Comment: The market is still bearish and targets a sell off to 9658*. A drop under last Thursdays low will foster follow through declines to 9658*. Current corrections may extend sideways higher congestion, but rallies that stay contained on a close basis under 9986* should bear flag, setting up for follow through sell offs. A close over 9986* stops aggressive bear forces for a retracement swing to 10162*.

NATURAL GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.248 LEVEL1 4.346 4.248* TRP: LEVEL2 4.400 4.165 Sdwys 4.504 LEVEL3 4.504* 4.029*

Comment: The market is still bearish and pressing to test a support point at 4248*. A close below 4248* is bearish and could send a wash to 4029*. Be careful for a bounce off 4248* on the first test that could lead into flagging congestion up around 4400, but only a close over 4504* signals a reversal turn to bull trending retracements.

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Date: 25/03/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1868.75 1843.75* TRP: LEVEL2 1871.50 1826.00

Up
1843.75 LEVEL3 1880.50 -

Comment: The market is trying to stay short term bullish. A breakout attack over the old 188050 high is needed to launch a driving run beyond 1900+ and much higher. The rejection near the old high is triggering a few corrective days, but a bounce off 184375*- if bull forces have control. A close under 184375* is needed for a short term turn below 1816-.

MINI DOW
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 16282+ 16152 TRP: LEVEL2 16340+ 16089*

Up
16089 LEVEL3 16400 15950-

Comment : The rebounding rallies from last week signals a short term flip back to the upside, signaling for a secondary drive to challenge previous swing highs over 16400+. Trade is positioned for rallies, but a breakout at new highs is needed to launch advances. We may see minor consolidation along 16200-, but only a close under 16089* rekindles bear trending.

MINI NASDAQ
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 3531.00 LEVEL1 3643.00 3580.75 TRP: LEVEL2 3673.00* 3531.00

Up
3673.00 LEVEL3 -

Comment: The break in recent days is giving topping / bearish signals and opens up potential for declines to 353100. Trade is poised for sell offs and sustained action under Mondays low could motivate another hard selling day. Be prepared for minor corrections back through

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Date: 25/03/2014

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yesterdays range that could work into sideways consolidation near 364300. Only a close over 367300* rekindles bull trend forces.

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Date: 25/03/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 1434.00 1414.00 TRP: LEVEL2 1450.00 1400.00 Sdwys/Up 1400.25 LEVEL3 1460.00 1383.00-

Comment: The market is still short term bullish, but the rejection from up around the last swing high and drop off late last week warns for a turn to corrections of peaking trade. A close under 1400 1/4* opens up retracement potential to 1360-. Mondays bounce from 1400 1/4*- could motivate rally attempts, but a breakout over 1460 is the trigger for a drive to 1490+.

SOYMEAL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVE1 465.80 457.10 TRP: LEVEL2 471.50 451.90Sdwys/Up 446.50 LEVEL3 446.50*

Comment: Overall the market is short term bullish, but a breakout over 47150 is needed to launch a drive beyond 482+. The back off from 470+ late last week may yet foster a few consolidation days. A mostly sideways week will allow trade to bull flag. A close under 44650* marks a topping turn to lower prices.

SOYBEAN OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 40.16 LEVEL1 41.60+/40.64 TRP: LEVEL2 42.00 40.16* Sdwys/Up 42.38 LEVEL3 42.38* -

Comment: The market is bearish. The sliding declines from last week show a bear target to a 4016* retracement support level. Any attempts to correct back through last Thursdays break

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Date: 25/03/2014

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will likely fade under 4200- and lead into a bear flag setup. Only a close over 4238* marks a turn into sustained corrections. Watch for a bounce off 4016* on the first test.

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Date: 25/03/2014

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 720.00 706.00 TRP: LEVEL2 723.00 700.00

Down
690.00 LEVEL3 690.00*

Comment : The market is bullish and Mondays bounce off the 690* support is prompting secondary rallies. A breakout over last weeks high creates potential for a blow off run over 750+. If trade struggles to push over last weeks high, be ready for modest reactionary selling back under 700-. A close under 690* alerts for a reversal into topping trade.

CORN
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 491.00 483.00 TRP: LEVEL2 495.00*+ 477.00

Down
472.00 LEVEL3 472.00*

Comment: The market is in a bull trend, but secondary rallies are being stopped by 491 1/2* and 495* resistance. A breakout over 495* rekindles the bull drive and breakout over the last spike high alerts for driving rallies beyond 515+. A press under 477 projects sell offs to attack 472* support. A close under 472* confirms a short term top and sell off under 460-.

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Date: 25/03/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 16.50LEVEL1 17.12 16.63 TRP: LEVEL2 17.60 16.50-

Down
17.79 LEVEL3 17.79* 16.27*

Comment: The market is triggering a bear downturn and retains potential for a larger corrective decline below 1650-. Corrections will likely struggle back into congestion levels over 1712+ and only a close over 1779* rekindles bull trend forces. Narrow congestion under 1712 is setting up for sell offs this week.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 159.50 LEVEL1 180.25 170.15 TRP: LEVEL2 183.30* 166.00 Sdwys/Up 193.05 LEVEL3 193.05* 159.00

Comment : The market is bearish and still suggests a larger selling wave to below 160-. Mondays reversal alerts for 2-3 flagging corrective days. Any corrections should struggle to rally over 18330*. Tight congestion will setup for sell off attempts to 15950-. A close over 19305* is needed to kick off a secondary bull drive.

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 2910.00 LEVEL1 2970.00 2927.00 TRP: LEVEL2 2996.00* 2910.00

Up
2996.00 LEVEL3 3002.00 2909.00

Comment: The drop off late last week signals a short term turnover and warns for sell offs to test down along 2910-. A close under 2900 could open up a larger selling wave. Any corrections will likely remain trapped to sideways congestion under Thursdays gap. A close over 2996* is

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Date: 25/03/2014

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needed to rekindle bull trend forces.

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Date: 25/03/2014

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 92.95* 89.55 TRP: LEVEL2 93.25 89.03* Down 89.03 LEVEL3 94.00 -

Comment: Mondays reversal is suggesting a rejection up against previous weekly high resistance around 9400+/-. A close over 9400 is bullish. However, Mondays setback calls for selling to test 8903* support and attack for a larger topping turn to lower prices. A close under 8903* to 8612-. Be ready for congestion days inside the lower half of Mondays downturn, but a close over 9295* is needed to rekindle bull trend forces.

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Date: 25/03/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.3666 LEVEL1 1.3870 1.3775 TRP: LEVEL2 1.3882* 1.3737 Sdwys/Down 1.3882 LEVEL3 1.3930+ 1.3666*

Comment : Last weeks break signals a bear turnover and opens up potential for sell offs to 13666*. We may see additional sideways flagging days, but only a close back over 13882* rekindles bull trend forces. Most likely sideways congestion will setup for a bear leg sell off to 13666* before we see a turn into a sustained recovery phase.

B POUND
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.6440 LEVEL1 1.6544 1.6440 TRP: LEVEL2 1.6600 1.5356Sdwys/Up 1.6672 LEVEL3 1.6672* -

Comment: The market is signaling a downturn from sideways congestion and opening up potential fordeclines to 16440. Sustained action under 166- will continue to promote bearish trade. Any corrective rebounds will need to power back through congestion and close over 16672* to trigger a reversing turn back to higher prices.

J YEN
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9812 0.9734* TRP: LEVEL2 0.9893 0.9697

Down
0.9734 LEVEL3 0.9920 -

Comment: Last Wednesdays break put the market back into the middle of recent congestion and leaves trade pressing to test the balance point between bull / bear forces at 9734*. A close under 9734* signals for a sell off below 9680-. A bounce off 9734* could start rallies, but a close

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Date: 25/03/2014

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over 9893+ is needed to project a drive over 100+.

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Date: 25/03/2014

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AUSSIE$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9200+ LEVEL1 0.9105 0.8906 TRP: LEVEL2 0.9210 0.8900 Down 0.8931 LEVEL3 0.8931*

Comment: The market is caught in sideways congestion, but signaling a preliminary punch over recent congestion. Trade is poised for rallies and a surge beyond 9105 calls for advances to 9200 and potential beyond 9300+. Any corrective dips should hold last weeks range to keep a friendly alignment. A drop under 8931* marks a bear turnover.

CANADIAN$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.8932 0.8831 TRP: LEVEL2 0.8952 0.8750 Sdwys/Down 0.9006 LEVEL3 0.9006* 0.8710

Comment: The market is bearish, signaling a downside breakout from the congestion of the couple months and calls for sell offs to 8750-8710. Trade is poised for declines and drop under Mondays low will likely renew sell offs. Any corrections should struggle to retrace last Wednesdays range and use any sideways congestion to bear flag. A close over 9006* is needed to reverse trend forces.

SWISS FRANC
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1.1375 1.1321* TRP: LEVEL2 1.1381 1.1278

Sdwys
1.1321 LEVEL3 1.1418* 1.1219

Comment: The market remains in the bull trend, but needs a quick bounce off 11321* to retain bull forces and rallies to resume the drive. A close over 11418* is needed to spark a run to attack the recent swing high. Trade may yet test against 11321*. A close under 11321* or drop under Mondays low confirms a short term downturn and likely sell off to 11240-.

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Date: 25/03/2014

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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: 25/03/2014

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