Daily Forex Technical Analysis Report -01!04!2014

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Please do not print this report unless it i s absolutely necessary. Save a tree. Date: 01/04/2014

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Daily Technical Analysis Report


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GOLDST Trend Down

Obj: 1284.00- TRP: 1350.40

DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3

RESISTANCES 1304.50 1319.00 1328.50*SUPPORTS 1273.00- 1273.00- 1265.20*

Comment: The market is bearish, dropping selloffs to the upper edges of the 1284-1275 targetzone. Sustained action under 1308- should help propel selloffs. Any corrections should try tosetup 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 to135040*.

SILVERST Trend Down

Obj: 19.520 TRP: 20.950


RESISTANCES 19.815 20.055 20.315SUPPORTS 19.600- 19.500 -

Comment: The market is short term bearish and warns for a slide to 1952-. A close under1945 will send declines against old lows from Dec-January. If trade is reluctant to extendunder 1950 by mid-week, be alert for a bounce into several corrective days, likely startingflagging congestion up around 2030. Closes over 2061 and 2095* are needed to signal a bullishturn.

COPPERST Trend Sdwys /Down

Obj: 2.7100 TRP: 3.0885


RESISTANCES 3.0460 3.0885* -SUPPORTS 3.0095 2.9865 2.9595

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

Commodities | Precious - Metals


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test at 290- . A close under 28770 is needed to add to washouts to 271. Fridays push over 303suggests 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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CRUDE OILST Trend Sdwys/Down Obj: None TRP: 98.99

JANUARY FUTURE LEVEL1 LEVEL2 LEVEL3

RESISTANCES 101.62* 102.24 103.60+SUPPORTS 100.81 100.40 98.99*

Comment: The market is up against 10162* resistance, challenging for a larger advance. Aclose over 10162* projects rallies to push into the early March swing high. However, becareful 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 GASST Trend Sdwys

Obj: 4.200 TRP: 44.81


RESISTANCES 4.060 4.481* 4.650SUPPORTS 4.330 4.260 4.256

Comment: The rejection of last weeks upturn cautions for additional rea ctionary selloffs toattack the last swing low. A penetration under the 4256 low implies a selling wave into the4200-4100 range. Trade may try to creep back higher, but mostly expect sideways congestion. Aclose over 4481* is needed to flip the trend bias back up.

Commodities | ENERGY


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MINI S&PST Trend UpObj: 1821.00 TRP: 1860.50


RESISTANCES 1871.00 1880.50 -SUPPORTS 1859.75 1847.00* -

Comment: The push higher on Monday flips the short term trend bias up and calls for ralliesto attack against recent swing highs. A close over 1871 and 188050 are bullish and project adrive 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 DOWST Trend Up

Obj: None TRP: 16094


RESISTANCES 16398 16439 -SUPPORTS 16295 16228 16094*

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

MINI NASDAQST Trend Up

Obj: 3531.00 TRP: 3669.00


RESISTANCES 3606.50 3612.00 3669.00*SUPPORTS 3553.00 3531.00 3488.00-

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

T Bonds | INDICES


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


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SOYBEANSST Trend Sdwys/Up Obj: 1490.00+ TRP: 1427.75


RESISTANCES 1490.00+ 1516.00 1545.00+/-SUPPORTS 1443.00 1436.00 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 uparound 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 closeunder 1427 3/4* negates the breakout signal.

SOYMEALST Trend Sdwys/Up

Obj: 497.70 TRP: 461.10

JANUARY FUTURE LEVE1 LEVEL2 LEVEL3

RESISTANCES 482.00+ 491.50 497.70SUPPORTS 474.00 469.90 461.10*

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

SOYBEAN OILST Trend Sdwys/Up

Obj: 40.16 TRP: 42.06


RESISTANCES 40.84 41.20 41.31SUPPORTS 40.30 40.16* 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*

Commodities | GRAINS


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


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WHEATST Trend Down

Obj: None TRP: 690.00

MARCH FUTURE LEVEL1 LEVEL2 LEVEL3

RESISTANCES 705.00 708.00 713.00SUPPORTS 690.00* 682.00 676.00

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

CORNST Trend DownObj: 515.00+ TRP: 472.00


RESISTANCES 502.00 515.00+ -SUPPORTS 495.00 492.00- 486.00

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

downside.


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SUGARST Trend DownObj: None TRP: 17.21


RESISTANCES 18.03+ 18.22 18.47

SUPPORTS 17.64 17.46 17.44Comment: The surging rallies late last week signals a bull turn and calls for a secondaryadvance to attack the last swing high. Trade is poised for rallies. A breakout over 1847 couldlaunch a sustained bull drive over 1900+. Be prepared for a minor pullback from the 1803-

1810 area that could lead into a few consolidation days. Any dips should fight to hold justunder 1750- to maintain bull forces from last weeks upturn.

COFFEEST Trend Sdwys/Up

Obj: 159.50- TRP: 193.05


RESISTANCES 181.65 183.30* 193.05*SUPPORTS 175.00 173.60 166.00

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

COCOAST Trend Up



RESISTANCES 2992.00* 3006.00 3039.00SUPPORTS 2946.00 2931.00 2918.00

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

Commodities | SOFTS


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selling wave. Fridays outside bull day may lead to secondary rallies, but key on a close over2992* to rekindle bull trend forces and drive trade to attack the last swing high.


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COTTONST Trend Down

Obj: 89.64 TRP: 94.86


RESISTANCES 94.86* 96.50 97.35SUPPORTS 91.74 90.11 89.64*

Comment: Last Wednesdays reversal still signals a negative flip in the short term trend andcalls for pressured trade to test a key 8964* support. A close under 8964* marks a multi-weekpeaking turn and should foster selloffs to 8600-. Residual bull forces are trying to lift trade backinto the bull drive. A close over 9486* will rekindle bull trend forces. Sideways consolidationunder 9486* will lead into another selloff.


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EUROST Trend Sdwys/Down Obj: 1.3666 TRP: 1.3866


RESISTANCES 1.3809 1.3810 1.3866*SUPPORTS 1.3729 1.3702 1.3666*

Comment : Down sloping trade signals a bear turnover and potential for selloffs to 13666*. Adrop under Fridays low should drive follow through selloffs against 13666*. Currentcorrections should stall around 13800+/- to stay aligned for selloffs. A close over 13866* is

needed for a reversing turn back to higher levels.

B POUNDST Trend Sdwys/Up



RESISTANCES 1.6672* 1.6765 1.6773SUPPORTS 1.6600- 1.6555 1.6539*

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

J YENST Trend Down

Obj: 0.9617 TRP: 0.9802


RESISTANCES 0.9752 0.9783 0.9802*SUPPORTS 0.9697 0.9660- 0.9617

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

Forex | CURRENCIES


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


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AUSSIE$ST Trend Down

Obj: 0.9362 TRP: 0.8988


RESISTANCES 0.9244 0.9280 0.9362+SUPPORTS 0.9176 0.9112 0.9075-

Comment: The market shows a bottoming upturn, signaling for a potential run to 9362. Anycorrective dips should hold along the upper edges of recent congestion at 9075- to keep afriendly alignment. Likely any 2- 3 day congestion off 9075 will bull flag. Only a close under8988* marks a reversing turnover.

CANADIAN$ST Trend Sdwys/Down



RESISTANCES 0.9069 0.9074 0.9111SUPPORTS 0.9002 0.8980 0.8932*

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

SWISS FRANCST Trend Sdwys

Obj: 1.1219 TRP: 1.1409


RESISTANCES 1.1337 1.1409* -SUPPORTS 1.1271 1.1244 1.1219

Comment: The market shows a bottoming upturn, signaling for a potential run to 9362. Anycorrective dips should hold along the upper edges of recent congestion at 9075- to keep afriendly alignment. Likely any 2- 3 day congestion off 9075 will bull flag. Only a close under8988* marks a reversing turnover.


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Disclaimer: This Report Is only for General Information. Opinions/Estimates Contained Herein is Subject toChange without Notice. The Data/Information Herein Provided Is Believed to Be Reliable But Does Not Warrantfor Its Accuracy/Completeness. We are Not Liable for Any Action Taken by Any Party Based on the aboveInformation. This Material Is Not Intended As An Offer OrSolicitation for the Purchase or Sale of Any Financial Instrument.

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Daily Forex Technical Analysis Report -01!04!2014