Daily Technical Analysis Report

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Date: 23/04/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS 1264.00LEVEL1 1292.00 1273.00

Sdwys/Down
TRP: LEVEL2 1294.50 1264.001310.20 LEVEL3 1300.00+ 1262.00

Comment: The market alignment is bearish and pressing to extend a breakout under the early April swing low. A press through 1275-1273 alerts for declines to weekly support at 1264-1262. The reluctance to extend yesterdays penetration under the early April low may prompt minor corrections and flagging congestion back near 1300. Only a close over 131020* marks a reversing turn back to higher prices.

SILVER
ST Trend
Obj: MAY FUTURE RESISTANCES SUPPORTS 18.950LEVEL1 19.545 19.160+/TRP: LEVEL2 19.805 18.800-

Down
19.950 LEVEL3 19.950* -

Comment: The market is short term bearish and calls for continued probes against old basing levels from late last year, likely reaching for 1895-. A close under 18685 is bearish. We may see a fight to hold and bounce off 1916+/-, leading to choppy congestion back inside last weeks range, but only a close over 1995* signals a short term turnaround.

COPPER
ST Trend
Obj: MAY FUTURE RESISTANCES SUPPORTS None LEVEL1 3.0700 3.0030

Sdwys /Down
TRP: LEVEL2 3.0885* 2.9925 3.0885 LEVEL3 2.9595

Comment: Overall the market is still bearish and drop below 29595 could resume declines to test at 290-. Trade continues a short term recovery, working rising congestion into a push to test

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Date: 23/04/2014

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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: 23/04/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 102.39 101.30 TRP: LEVEL2 103.11* 100.42* Sdwys/Up 100.42 LEVEL3 103.83 -

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 10311* or pop over 10383 projects a drive to 105+.

NATURAL GAS
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 4.801 4.668 TRP: LEVEL2 4.845 4.640+/Up 4.614 LEVEL3 5.089* 4.614*

Comment: The market is short term friendly and positioned for pressing rallies to challenge the late February reversal high. A breakout over 4893 projects to 5089*. We may see corrective congestion back within last Thursdays range, but support over 4614* will provide a staging level for rallies. Only a close under 4614* signals a reversing turn, extending defensive trade back along 4500.

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Date: 23/04/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS 1886.00 LEVEL1 1884.00 1862.25 TRP: LEVEL2 1892.50 1854.00

Sdwys/Up
1832.00 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 15960 LEVEL1 16525 16388 TRP: LEVEL2 16574 16317

Sdwys/Up
16116 LEVEL3 16116*

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 16200+, but holding over 16200+ should setup a staging level for rallies.

MINI NASDAQ
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 3590.50 3553.50

Sdwys/Down
TRP: LEVEL2 3592.00 3536.00 3607.75 LEVEL3 3607.75 3508.00

Comment: Overall the market is still in a bear trend, although current rebounding action alerts for a lifting run to challenge against the 360775* resistance. A close over 360775* confirms a

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bottoming turn and calls for continued climbing moves to 365500-367500. Be on guard for a rejection from 360775* that could send secondary selloffs around 353600-350800. A close under 349000 is negative.

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Date: 23/04/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS None LEVEL1 1485.00 1462.00 TRP: LEVEL2 1487.00 1460.00 Sdwys/Up 1455.75 LEVEL3 1498.00+ 1355.00

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 464.00 466.50 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 42.64 42.74 TRP: LEVEL2 43.18* 42.56 Sdwys/Up 41.55 LEVEL3 42.47*

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: 23/04/2014

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

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Date: 23/04/2014

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WHEAT
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS 661.00 LEVEL1 684.00 670.00

Sdwys/Down
TRP: LEVEL2 687.00 661.00* 687.25 LEVEL3 699.00 -

Comment : The market is short term bearish and targeting a selloff to test 661* retracement support. A close under 661* should open up additional declines to 647 1/2-639 1/4. Yesterdays minor recovery only suggests flagging action and staying under 687 3/4* will prompt follow through selloffs. A close over 687 3/4* will shift trade back to sideways congestion in the 678-699 1/2* zone for a few days.

CORN
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS None LEVEL1 511.00 495.00

Sdwys/Down
TRP: LEVEL2 524.00 491.00 497.00 LEVEL3 488.00-

Comment: The market is extending a peaking turn and we should be prepared for additional declines into the 490-480 zone. A drop under Mondays low should promote selloffs into the end of the week. A close over 511 1/2* is needed to reverse trade into a secondary drive against the early April spike high.

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Date: 23/04/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS 16.82 LEVEL1 17.71 17.19

Sdwys/Down
TRP: LEVEL2 17.75 16.82 17.95 LEVEL3 17.95* -

Comment: The market is mostly caught within sideways drifting congestion, but suggests a slide downside trend bias, warning for declines to 1700-1680. Trade may try to climb back into recent congestion and extend sideways higher flagging action. However, only a close over 1795* rekindles bull trend forces.

COFFEE
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS 227.00 LEVEL1 219.45 20.475 TRP: LEVEL2 227.00 201.00 Up 198.90 LEVEL3 198.90*

Comment : Yesterdays 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 yesterdays range and bull flag to setup for continuation rallies. Only a close under 19890* marks a reversing turnover.

COCOA
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS None LEVEL1 3030.00 2991.00 TRP: LEVEL2 3047.00 2965.00*

Sdwys/Up
2965.00 LEVEL3 2940.00-

Comment: The sideways trade of the past week leaves trade 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, but last

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Date: 23/04/2014

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weeks bounce from 2975-65* favors rallies to attack old highs.

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COTTON
ST Trend
Obj: JULY FUTURE RESISTANCES SUPPORTS 94.18 LEVEL1 94.18* 92.44 TRP: LEVEL2 94.66 91.70 Sdwys/Up 89.49 LEVEL3 96.76 90.45-

Comment: The market is triggering an upturn from sideways trade and calls for secondary rallies. Stable action over 9275+/- should motivate a climb against 9418* resistance. A close over 9418* is bullish. Be prepared for a slip right back into sideways trade of recent weeks, but a close under 9045 is needed to drive selloffs to attack 8949* for a larger downturn.

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Date: 23/04/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: JUNE FUTURE RESISTANCES SUPPORTS 1.3966 LEVEL1 1.3849 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 1.6780TRP: 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: 23/04/2014

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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: 23/04/2014

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AUSSIE$
ST Trend Obj: JUNE FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9355 0.9286 TRP: LEVEL2 0.9399 0.9278 Up 0.9259 LEVEL3 0.9416 0.9259*

Comment: The market is bullish, but near term action has shifted into near term corrections that may extend flagging congestion through this week. Only a close under 9259* confirms a peaking turnover and retracement near 9144. A pop over 9355 will spark fresh buying, but key on a breakout thrust beyond 9385+ to kick off a fresh bull wave into a new high, reaching for 9457-9480.

CANADIAN$
ST Trend Obj: JUNE FUTURE RESISTANCES SUPPORTS 0.9003 LEVEL1 0.9092 0.9037 TRP: LEVEL2 0.9130 0.9003 Sdwys/Down 0.9137 LEVEL3 0.9137* 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 9137* 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 1.1338 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.

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Date: 23/04/2014

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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.

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Date: 23/04/2014

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