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Daily Technical Analysis Report

MARKET WATCH
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Date: 11/04/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1321.20*+/1314.90 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 test 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 19.970 TRP: LEVEL2 20.585 19.890

Down
20.9500 LEVEL3 19.660

Comment: Overall the market is short term bearish, but yesterdays 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 may resume 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 3.0160

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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Date: 11/04/2014

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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: 11/04/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 104.00 LEVEL1 104.00 102.49 TRP: LEVEL2 104.23 102.06 Sdwys/Down 100.73 LEVEL3 105.50 100.73*

Comment: This weeks thrust higher signals an upside breakout and projects to 104 as well as 10550. Trade is poised for aggressive rallies. A push beyond 10423 should spark rallies. We may see 2-3 flagging days to consolidate gains, but any corrections should find support back around the upturn level near 10162+. Only a close under 10073* marks a reversing turn back to lower prices.

NATURAL GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.636 LEVEL1 4.755 4.463 TRP: LEVEL2 4.845 4.500+/Sdwys 4.362 LEVEL3 5.089* 4.405*

Comment: The market is short term friendly and 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 this weeks range, but suspect support near 4500+/-. Only a close under 4405* signals a reversing turn back to bearish trade.

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Date: 11/04/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1838.00 1823.50TRP: LEVEL2 1850.75* 1804.00

Up
1866.25 LEVEL3 1866.25* 1793.50*

Comment: The market is dropping to attack for a downside attack under congestion lows of recent weeks. A breakout under 1826- signals for a larger bear wave to 179350*. If trade is reluctant to extend under 1826-182350, then be ready for modest rebounds into flagging congestion in the lower half of yesterdays downturn. A close over 186625* is needed to flip the market back to bull trend forces.

MINI DOW
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 15960 LEVEL1 16198 16040+/TRP: LEVEL2 16240 15960

Up
16384 LEVEL3 16384* -

Comment : Yesterdays sharp break signals a bear turnover in the formation and should pressure selloffs to 15960. A selloff through 15960- warns for a larger unfolding decline. Corrections should struggle to push back over 16244 if bear forces have control. However, only a close over 16384* rekindles bull trend forces.

MINI NASDAQ
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 3437.00 LEVEL1 3520.00 3463.00 TRP: LEVEL2 3522.75 3437.00-

Up
3594.75 LEVEL3 3570.75* 3437.00

Comment: The market is bearish and yesterdays crash into a new low for the week gives

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Date: 11/04/2014

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negative signals for follow through selloffs to 343700. A close under 341500 warns for a larger washout. Any corrections should stay trapped to the lower half of yesterdays selloff if bear forces are in control. Only a close over 357075* rekindles bull trend forces.

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Date: 11/04/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 1497.00 1478.00 TRP: LEVEL2 1500.00 1465.00 Sdwys/Up 1444.75 LEVEL3 1516.00 1459.00

Comment: The market remains in a bull trend. A close over 1496 could launch a drive around 1545+/-. Wednesdays back off from over 1500 still cautions for a shift to corrective trade and we should be ready for further tests of support within last week congestion levels. A drop under 1459 1/2 is negative. A close under 1444 3/4* confirms a topping reversal signal.

SOYMEAL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 497.70 LEVE1 486.00 476.30 TRP: LEVEL2 491.50 473.70 Sdwys/Up 465.40 LEVEL3 497.70 465.40*

Comment: The market is bullish, but needs to quickly follow up Wednesdays preliminary breakout into new highs. A close over 487 signals for a drive to 49770. Near term dips suggest flagging corrections, but trade remains positioned for rallies as long as trade holds within last weeks flagging range. A drop under 47370 voids bull forces. A close under 46540* highlights a topping turn.

SOYBEAN OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 43.06 LEVEL1 43.06* 42.20 TRP: LEVEL2 43.75 42.12 Sdwys/Up 41.04 LEVEL3 41.85

Comment: The market is signaling a short term bottoming upturn and climbing to 4306* retracement resistance. A close over 4306* is bullish. Suspect a setback from 4306*+/- on the first

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Date: 11/04/2014

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test. Any minor corrective dips should hold off the lower 4200s to maintain strong bull forces. A drop under 4185 confirms a downturn against 4104*.

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Date: 11/04/2014

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 646.00LEVEL1 668.00 658.00 TRP: LEVEL2 672.00 646.00

Down
682.00 LEVEL3 682.00* 640.00

Comment : The market is short term bearish and yesterdays preliminary breakout under the 658 1/2 low leaves trade poised for a larger selloff. A close under 658 1/2 should open up declines to 646-640. A reluctance to extend under 658 1/2- may trigger near term rebounds and sideways higher flagging corrections, but only a close over 682* will start a short term turnaround.

CORN
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 504.00 495.00 TRP: LEVEL2 505.00 492*.00

Down
492.00 LEVEL3 509.00 485.00-

Comment: This weeks reversal from a new high alerts for a peaking turn and yesterdays corrective setbacks started a test of support levels at 495 and 492*. A close under 492* alerts for a short term peaking turnover for a drop into the 480-470 zone. A close over 509 1/2* is needed to spark fresh rallies into new highs.

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Date: 11/04/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 17.26 16.87 TRP: LEVEL2 17.31 16.80

Down
17.60 LEVEL3 17.60* 16.49-

Comment: Last weeks drop off signals a short term bear reversal with a chance for sustained choppy declines to 1650. Trade is poised for selloffs, but recent recovery / congestion could yet foster sideways higher action inside for a bear flag setup today. Only a close over 1760* rekindles bull trend forces.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 209.75+ LEVEL1 208.90 200.85 TRP: LEVEL2 209.75 197.95 Sdwys/Up 191.80 LEVEL3 227.00 191.80*

Comment : The market is powering secondary rallies against the last swing high, challenging for a breakout attack beyond 20975+. A close over 20975 projects a drive to 227. Any corrective congestion should fight to hold off 19180* to keep strong bull forces. A close under 19180* calls for a multi-week correction phase.

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 2996.00 2960.00 TRP: LEVEL2 3011.00 2949.00*

Up
2949.00 LEVEL3 3039.00 -

Comment: The choppy rallies of the past week indicate a positive turn and hints for a breakout attack over the 3039 swing high. Any corrective dips that hold off the 2960/2949* levels should

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Date: 11/04/2014

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fuel rallies to attack over 3039+. Be prepared for sideways congestion today, but watch for the bounce from 2960-49*. A close under 2949* is needed to flip trend forces into peaking action.

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Date: 11/04/2014

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 86.12LEVEL1 89.99 87.00 TRP: LEVEL2 91.60* 86012Down 92.57 LEVEL3 92.57* 84.94

Comment: The market is bearish, alerting for a larger topping downturn that will drive retracement declines to 8612- and chance to slide to 8500-. The weak close calls for continuation selloffs today. Any corrections will likely struggle to recover back through the low 90s and only a close over 9160* stops aggressive bear forces.

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Date: 11/04/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 139.66 LEVEL1 1.3911 1.3844 Sdwys/Down TRP: LEVEL2 1.3942 1.3809 1.3756 LEVEL3 139.66 1.3797

Comment : This 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 1.6805+ 1.6717 TRP: LEVEL2 1.6691 Sdwys/Up 1.6646 LEVEL3 1.6646*

Comment: The thrust higher this 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+. We may see minor consolidation of gains back in the upper edges of 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: Tuesdays 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: 11/04/2014

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

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Date: 11/04/2014

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AUSSIE$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9362 LEVEL1 0.9399 0.9340 TRP: LEVEL2 0.9416 0.9278 Down 0.9259 LEVEL3 0.9159*

Comment: The market is bullish, running trade into an attack over the 9362+ target. Trade is poised for aggressive rallies, but a close over 9410 is needed to continue stretching rallies. Be ready for near term corrections to last weeks congestion, although, only a close under 9259* confirms a peaking turnover.

CANADIAN$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9188 0.9130 TRP: LEVEL2 0.9255 0.9118 Sdwys/Down 0.9061 LEVEL3 0.9276 0.9061*

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 a slip back into corrective trade, consolidating gains along 9100-. Congestion trade that stays 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 1.1322

Sdwys
1.1276 LEVEL3 1.1503 1.1276*

Comment: This 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 11276* is

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Date: 11/04/2014

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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: 11/04/2014

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