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Daily Technical Analysis Report

MARKET WATCH
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Date: 01/04/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1284.00LEVEL1 1304.50 1273.00TRP: LEVEL2 1319.00 1273.00-

Down
1350.40 LEVEL3 1328.50* 1265.20*

Comment: The market is bearish, dropping selloffs to the upper edges of the 1284-1275 target zone. Sustained action under 1308- should help propel selloffs. Any corrections should try to setup a bear flag and stay under 1320-. A reluctance to climb over 1320 will encourage selloffs. A close over 132850* is needed for a near term flip up with retracements back to 135040*.

SILVER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 19.520 LEVEL1 19.815 19.600TRP: LEVEL2 20.055 19.500

Down
20.950 LEVEL3 20.315 -

Comment: The market is short term bearish and warns for a slide to 1952-. A close under 1945 will send declines against old lows from Dec-January. If trade is reluctant to extend under 1950 by mid-week, be alert for a bounce into several corrective days, likely starting 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 3.0460 3.0095 TRP: LEVEL2 3.0885* 2.9865

Sdwys /Down
3.0885 LEVEL3 2.9595
Date: 01/04/2014

Comment: Overall the market is still bearish and drop below 29595 could resume declines to

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test at 290-. A close under 28770 is needed to add to washouts to 271. Fridays push over 303 suggests a friendly upturn from congestion and could motivate corrections to test at 30885* resistance for a bottoming turn. Be careful for a setback from 30885*.

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Date: 01/04/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 101.62* 100.81 TRP: LEVEL2 102.24 100.40 Sdwys/Down 98.99 LEVEL3 103.60+ 98.99*

Comment: The market is up against 10162* resistance, challenging for a larger advance. A close over 10162* projects rallies to push into the early March swing high. However, be careful for a rejection around 10162* that could drive trade back into corrections along 100-. A close under 9899* is needed for a reversing turn to lower levels.

NATURAL GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.200 LEVEL1 4.060 4.330 TRP: LEVEL2 4.481* 4.260 Sdwys 44.81 LEVEL3 4.650 4.256

Comment: The rejection of last weeks upturn cautions for additional reactionary selloffs to attack the last swing low. A penetration under the 4256 low implies a selling wave into the 4200-4100 range. Trade may try to creep back higher, but mostly expect sideways congestion. A close over 4481* is needed to flip the trend bias back up.

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Date: 01/04/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1821.00 LEVEL1 1871.00 1859.75 TRP: LEVEL2 1880.50 1847.00*

Up
1860.50 LEVEL3 -

Comment: The push higher on Monday flips the short term trend bias up and calls for rallies to attack against recent swing highs. A close over 1871 and 188050 are bullish and project a drive to over 1900+. Any corrective dips should fight to hold around 1850- and only a close under 1847* should rekindle short term negative trend forces.

MINI DOW
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 16398 16295 TRP: LEVEL2 16439 16228

Up
16094 LEVEL3 16094*

Comment : The market posture retains a short term bull bias, signaling for a secondary drive to challenge previous swing highs over 16400+. A breakout at new highs is needed to launch advances. Near term congestion may slip and extend sideways congestion along 16200-, but only a close under 16098* signals a turn to bear trending trade.

MINI NASDAQ
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 3531.00 LEVEL1 3606.50 3553.00 TRP: LEVEL2 3612.00 3531.00

Up
3669.00 LEVEL3 3669.00* 3488.00-

Comment: The market is showing topping / bearish signals and open to declines at 353100 and possibly lower. Trade is positioned to again extend selloffs. Any further minor corrections

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Date: 01/04/2014

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should continue to struggle to get over 360000+ and sideways action will bear flag. Only a close over 366900* rekindles bull trend forces.

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Date: 01/04/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 1490.00+ LEVEL1 1490.00+ 1443.00 TRP: LEVEL2 1516.00 1436.00 Sdwys/Up 1427.75 LEVEL3 1545.00+/1427.00

Comment: The market triggered a bull breakout over recent congestion / swing highs, opening up the formation for another significant bull wave to 1490+ and potentially up around 1545+/-. Stable action over the previous 1460 high could prompt strong rallies. Any corrective dips should find support back in previous congestion just under 1450-. Only a close under 1427 3/4* negates the breakout signal.

SOYMEAL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 497.70 LEVE1 482.00+ 474.00 TRP: LEVEL2 491.50 469.90 Sdwys/Up 461.10 LEVEL3 497.70 461.10*

Comment: The market is bullish, showing a breakout into new highs and signaling for a drive to 49770. Trade is positioned for aggressive rallies the next few days. Any corrective dips should fight to hold within Mondays range to maintain the upside breakout signals. Only a close under 46110* highlights a topping turnover.

SOYBEAN OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 40.16 LEVEL1 40.84 40.30 TRP: LEVEL2 41.20 40.16* Sdwys/Up 42.06 LEVEL3 41.31 39.85

Comment: The market is bearish, but on Monday dropped against the bear target at 4016* retracement support. A close under 4016* is bearish, but Mondays bounce from under 4016*

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Date: 01/04/2014

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hints for a short term extreme low. Be alert for corrections back through recent down sloping congestion. A push over 4131 could spark rebounds towards the 4206* resistance level.

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Date: 01/04/2014

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 705.00 690.00* TRP: LEVEL2 708.00 682.00

Down
690.00 LEVEL3 713.00 676.00

Comment : The market remains in a bull trend. However, a breakout over 713 1/2 is needed to rekindle bull trending action and pop over last weeks high is the trigger for a blow off run over 750+. Suspect additional corrections. A close under 690* marks a reversal into topping trade for a likely retracement selloff into the 670-660 levels.

CORN
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 515.00+ LEVEL1 502.00 495.00 TRP: LEVEL2 515.00+ 492.00-

Down
472.00 LEVEL3 486.00

Comment: Yesterdays outside bull day triggers an upside breakout over recent sideways flagging congestion and creates potential for a significant bull wave to 515+. Sustained action over the 502 1/2 high will encourage rallies. Any corrective dips or consolidation should hold in the upper half of yesterdays rally. Only a close under 486 1/4* signal a reversing turn to the downside.

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Date: 01/04/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 18.03+ 17.64 TRP: LEVEL2 18.22 17.46

Down
17.21 LEVEL3 18.47 17.44

Comment: The surging rallies late last week signals a bull turn and calls for a secondary advance to attack the last swing high. Trade is poised for rallies. A breakout over 1847 could launch a sustained bull drive over 1900+. Be prepared for a minor pullback from the 18031810 area that could lead into a few consolidation days. Any dips should fight to hold just under 1750- to maintain bull forces from last weeks upturn.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 159.50LEVEL1 181.65 175.00 TRP: LEVEL2 183.30* 173.60 Sdwys/Up 193.05 LEVEL3 193.05* 166.00

Comment : The market remains bearish and drop from last weeks flagging action suggests a larger selling wave to below 160-. We may see continued flagging action, but any corrections should struggle to rally over 18330*. Tight congestion below 18330* will setup for selloff attempts. A drop under 17360 could resume selloffs / bear trending.

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 2992.00* 2946.00 TRP: LEVEL2 3006.00 2931.00

Up
2992.00 LEVEL3 3039.00 2918.00

Comment: The market is caught in congestion. A close under 2918 could open up a larger

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Date: 01/04/2014

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selling wave. Fridays outside bull day may lead to secondary rallies, but key on a close over 2992* to rekindle bull trend forces and drive trade to attack the last swing high.

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Date: 01/04/2014

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 89.64 LEVEL1 94.86* 91.74 TRP: LEVEL2 96.50 90.11 Down 94.86 LEVEL3 97.35 89.64*

Comment: Last Wednesdays reversal still signals a negative flip in the short term trend 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-. Residual bull forces are trying to lift trade back into the bull drive. A close over 9486* will rekindle bull trend forces. Sideways consolidation under 9486* will lead into another selloff.

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Date: 01/04/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.3666 LEVEL1 1.3809 1.3729 TRP: LEVEL2 1.3810 1.3702 Sdwys/Down 1.3866 LEVEL3 1.3866* 1.3666*

Comment : Down sloping trade signals a bear turnover and potential for selloffs to 13666*. A drop under Fridays low should drive follow through selloffs against 13666*. Current corrections should stall around 13800+/- to stay aligned for selloffs. A close over 13866* is needed for a reversing turn back to higher levels.

B POUND
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1.6672* 1.6600TRP: LEVEL2 1.6765 1.6555 Sdwys/Up 1.6672 LEVEL3 1.6773 1.6539*

Comment: The climb back into previous peaking congestion negates bear forces and leaves trade up around the balance point between bull / bear trend forces. A close over 16672* will trigger a reversing turn back to higher prices, sending trade to attack for a breakout over previous swing highs. A rejection from 16672* could prompt dips under 166-, but a close below 16539* is needed to recapture bear trend forces.

J YEN
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9617 LEVEL1 0.9752 0.9697 TRP: LEVEL2 0.9783 0.9660-

Down
0.9802 LEVEL3 0.9802* 0.9617

Comment: The market is triggering a bear flag downturn from a week and half sideways flagging congestion, signaling for selloffs to 9617 as well as potential to test basing levels under

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Date: 01/04/2014

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9600-. A press below 9697 will encourage selloffs. Only a close back over 9802* reverses trade back to the upside.

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Date: 01/04/2014

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AUSSIE$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9362 LEVEL1 0.9244 0.9176 TRP: LEVEL2 0.9280 0.9112 Down 0.8988 LEVEL3 0.9362+ 0.9075-

Comment: The market shows a bottoming upturn, signaling for a potential run to 9362. Any corrective dips should hold along the upper edges of recent congestion at 9075- to keep a friendly alignment. Likely any 2- 3 day congestion off 9075 will bull flag. Only a close under 8988* marks a reversing turnover.

CANADIAN$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9069 0.9002 TRP: LEVEL2 0.9074 0.8980 Sdwys/Down 0.8932 LEVEL3 0.9111 0.8932*

Comment: The climbing moves over the past week signal a short term upturn. A breakout surge over 9069 suggests a drive to 9150-9200. Trade is poised for rallies, but Fri-Mondays rejections from just over 9069 cautions for a minor slip to sideways congestion along 9000 as trade consolidates gains. Tight congestion days should bull flag. A close under 8932* rekindles bear trend forces.

SWISS FRANC
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.1219 LEVEL1 1.1337 1.1271 TRP: LEVEL2 1.1409* 1.1244

Sdwys
1.1409 LEVEL3 1.1219

Comment: The market shows a bottoming upturn, signaling for a potential run to 9362. Any corrective dips should hold along the upper edges of recent congestion at 9075- to keep a friendly alignment. Likely any 2- 3 day congestion off 9075 will bull flag. Only a close under 8988* marks a reversing turnover.

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Date: 01/04/2014

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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.

Please do not print this report unless it is absolutely necessary. Save a tree.

Date: 01/04/2014

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