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Daily Technical Analysis Report MARKET WATCH A leading online forex broker that offers most constructive
Daily Technical Analysis Report
Daily Technical Analysis Report
Daily Technical Analysis Report MARKET WATCH A leading online forex broker that offers most constructive updates
Daily Technical Analysis Report MARKET WATCH A leading online forex broker that offers most constructive updates
Daily Technical Analysis Report MARKET WATCH A leading online forex broker that offers most constructive updates

MARKET WATCH

A leading online forex broker that offers most constructive updates about forex market that helps you to recognize right possibilities to make profit. Get daily updates of market watch about Metals like Gold, Silver, Copper, Energy, and Foreign Currencies like Euro, Great Britain Pound, USD and many more…

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Date: 24/04/2014

Commodities | Precious - Metals GOLD ST Trend Sdwys/Down Obj: 1264.00- TRP: 1310.20 JUNE FUTURE
Commodities | Precious - Metals GOLD ST Trend Sdwys/Down Obj: 1264.00- TRP: 1310.20 JUNE FUTURE
Commodities | Precious - Metals
GOLD
ST Trend
Sdwys/Down
Obj:
1264.00-
TRP:
1310.20
JUNE FUTURE
LEVEL1
LEVEL2
LEVEL3
RESISTANCES
1292.00
1294.50
1300.00+
SUPPORTS
1273.00
1264.00-
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 yesterday’s penetration under the early April low may
prompt minor corrections and flagging congestion back near 1292. Only a close over 131020*
marks a reversing turn back to higher prices.
SILVER
ST Trend
Down
Obj:
18.950-
TRP:
19.950
MAY FUTURE
LEVEL1
LEVEL2
LEVEL3
RESISTANCES
19.530
19.805
19.950*
SUPPORTS
19.285
19.160+/-
18.800-
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
again see a fight to hold and recover, extending choppy congestion back inside last week’s
range, but rallies should stay contained within Monday’s range. Only a close over 1995*
signals a short term turnaround.
COPPER
ST Trend
Sdwys /Down
Obj:
None
TRP:
3.0885
MAY FUTURE
LEVEL1
LEVEL2
LEVEL3
RESISTANCES
3.0700
3.0885*
-
SUPPORTS
3.0030
2.9925
2.9595

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

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Date: 24/04/2014

test at 290 -. Trade continues a short term recovery, working rising congestion into a

test at 290-. Trade continues a short term recovery, working rising congestion into a 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: 24/04/2014

Commodities | ENERGY   CRUDE OIL   ST Trend Sdwys/Up Obj: None TRP: 100.42 JUNE
Commodities | ENERGY
Commodities | ENERGY
 

CRUDE OIL

 

ST Trend

Sdwys/Up

Obj:

None

TRP:

100.42

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

102.33

102.99*

103.83

SUPPORTS

101.27

101.19

100.42*

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 10299* or pop over 10383 projects a drive to 105+.

 

NATURAL GAS

 

ST Trend

 

Up

Obj:

None

TRP:

4.614

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

4.801

4.845

5.089*

SUPPORTS

4.668

4.640+/-

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 Thursday’s 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: 24/04/2014

T Bonds | INDICES   MINI S&P   ST Trend   Sdwys/Up Obj: 1886.00 TRP:
T Bonds | INDICES
T Bonds | INDICES
 

MINI S&P

 

ST Trend

 

Sdwys/Up

Obj:

1886.00

TRP:

1832.75

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1884.00

1892.50

-

SUPPORTS

1863.75

1854.00

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

 

Sdwys/Up

Obj:

15960

TRP:

16118

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

16525

16574

-

SUPPORTS

16388

16317

16118*

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

 

Sdwys/Down

Obj:

None

TRP:

3607.75

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

3580.75

3596.00

3607.75*

SUPPORTS

3536.00

3511.50

-

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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Date: 24/04/2014

bottoming turn and calls for continued climbing moves to 365500-367500. Be on guard for a

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 353600-351150. A close under 349000 is negative.

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Date: 24/04/2014

Commodities | GRAINS   SOYBEANS   ST Trend   Sdwys/Up Obj: None TRP: 1455.75
Commodities | GRAINS
Commodities | GRAINS
 

SOYBEANS

 

ST Trend

 

Sdwys/Up

Obj:

None

TRP:

1455.75

JULY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1480.00

1487.00

1498.00

SUPPORTS

1460.00

1455.00

-

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. Yesterday’s 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

 

Sdwys/Up

Obj:

488.00

TRP:

460.80

JULY FUTURE

LEVE1

LEVEL2

LEVEL3

RESISTANCES

474.10

479.40+

-

SUPPORTS

466.50

460.80*

-

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. Yesterday’s 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

 

Sdwys/Up

Obj:

None

TRP:

41.55

JULY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

43.09

43.50

43.90

SUPPORTS

42.56

42.47*

42.20

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 Monday’s high is needed to rekindle bull forces for a run to 4470+. Yesterday’s weak close hints for a few defensive days that ease

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Date: 24/04/2014

against 4247* support. A close under 4247* warns for sustained corrections.  Please do not

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

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Date: 24/04/2014

  WHEAT     ST Trend   Sdwys/Down   Obj: 661.00 TRP: 687.25   JULY
 

WHEAT

 
 

ST Trend

 

Sdwys/Down

 

Obj:

661.00

TRP:

687.25

 

JULY FUTURE

LEVEL1

LEVEL2

LEVEL3

 

RESISTANCES

684.00

695.00

699.00

 

SUPPORTS

672.00

670.00

661.00*

 

Comment : The market is short term bearish and targeting a selloff to test 661* retracement support. A close under 668 should open up additional declines to 661*. Current minor recovery action only suggests flagging congestion 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

 

Sdwys

 

Obj:

None

TRP:

511.50

 

JULY FUTURE

LEVEL1

LEVEL2

LEVEL3

 

RESISTANCES

511.00

516.00

524.00

 

SUPPORTS

501.00

496.00

494.00

Comment: The rebounding action has stalled bear trend forces and calls for rallies to challenge around the 511 1/2* resistance level. A close over 511 1/2* will reverse trade into a secondary drive against the early April spike high. A rejection from 511 1/2* warns for a slide back under 500-, but a close under 494 is needed to open up a larger selling wave.

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Date: 24/04/2014

Commodities | SOFTS   SUGAR   ST Trend   Sdwys/Up Obj: 18.29 TRP: 17.50 JULY
Commodities | SOFTS
Commodities | SOFTS
 

SUGAR

 

ST Trend

 

Sdwys/Up

Obj:

18.29

TRP:

17.50

JULY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

18.06

18.29

18.42

SUPPORTS

17.72

17.50*

17.30

Comment: Yesterday’s thrust over recent congestion highs flips short term trend forces up and calls for rallies to 1829. Trade is poised for rallies and stable action over 1789 will fuel rallies. A close over 1836 is bullish. A close under 1750* or drop below 1730 marks a reversing turn back to lower levels.

 

COFFEE

 

ST Trend

 

Up

Obj:

227.00

TRP:

200.15

JULY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

218.90

219.45

227.00

SUPPORTS

20.475

201.00

200.15*

Comment : This week’s 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 Tuesday’s range and bull flag to setup for continuation rallies. Only a close under 20015* marks a reversing turnover.

 

COCOA

 

ST Trend

 

Sdwys/Up

Obj:

None

TRP:

2965.00

JULY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

3030.00

3047.00

-

SUPPORTS

2994.00

2965.00*

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: 24/04/2014

week’s bounce from 2975 -65* favors rallies to attack old highs.  Please do not

week’s bounce from 2975-65* favors rallies to attack old highs.

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Date: 24/04/2014

  COTTON     ST Trend   Sdwys/Up   Obj: 94.18 TRP: 89.49   JULY
 

COTTON

 
 

ST Trend

 

Sdwys/Up

 

Obj:

94.18

TRP:

89.49

 

JULY FUTURE

LEVEL1

LEVEL2

LEVEL3

 

RESISTANCES

93.25

94.66

96.76

 

SUPPORTS

92.44

91.70

90.45-

Comment: The market suggested an upturn from sideways trade for a climb against 9418* resistance. A close over 9418* is bullish. However, yesterday’s spike lower implies a failed upturn and we should be prepared for additional defensive congestion days at 9250-9150. A close under 9045 is needed to drive selloffs to attack 8949* for a larger downturn.

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Date: 24/04/2014

Forex | CURRENCIES   EURO   ST Trend   Sdwys/Up Obj: 1.3966 TRP: 1.3758 JUNE
Forex | CURRENCIES
Forex | CURRENCIES
 

EURO

 

ST Trend

 

Sdwys/Up

Obj:

1.3966

TRP:

1.3758

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1.3844

1.3886

1.3930+

SUPPORTS

1.3782

1.3758*

-

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

 

Sdwys/Up

Obj:

1.7000+

TRP:

1.6714

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1.6870

1.7000+

-

SUPPORTS

1.6745

1.6741

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 Monday’s 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

 

Up

Obj:

None

TRP:

0.9702

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

0.9797

0.9821*

0.9877

SUPPORTS

0.9737

0.9734

0.9702*

Comment: In general the market holds a slight bull bias, but near term trade is backing away

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Date: 24/04/2014

from previous congestion resistance highs and could extend defensive consolidation action around 9800-9702* for another

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: 24/04/2014

  AUSSIE$     ST Trend   Up     Obj: None TRP: 0.9349  
 

AUSSIE$

 
 

ST Trend

 

Up

 
 

Obj:

None

TRP:

0.9349

 

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

 

RESISTANCES

0.9287

0.9310

0.9349*

 

SUPPORTS

0.9232

0.9209

0.9190

 

Comment: The market is signaling a negative turnover and on the verge of a larger selling wave. Look for continued pressured trade to probe at 9232-9209. A press under 9209 could open up a wash to 9101*. Trade may try to correct back within yesterday’s downturn, but a close over 9349* is needed to fully rekindle bull trend forces.

 
 

CANADIAN$

 
 

ST Trend

 

Sdwys/Down

 
 

Obj:

0.9003

TRP:

0.9134

 

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

 

RESISTANCES

0.9087

0.9130

0.9134*

 

SUPPORTS

0.9037

0.9003

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 9100’s and only a close over 9134* marks a return to bull trending moves that will attack the 9195 swing high.

 
 

SWISS FRANC

 
 

ST Trend

 

Sdwys

 
 

Obj:

None

TRP:

1.1279

 

JUNE FUTURE

LEVEL1

LEVEL2

LEVEL3

 

RESISTANCES

1.1350

1.1379

1.1428

 

SUPPORTS

1.1285

1.1279*

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.

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

 

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Date: 24/04/2014

Information. This Material Is Not Intended As An Offer Or Solicitation for the Purchase or

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: 24/04/2014

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