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Daily Technical Analysis Report

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Date: 09/04/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1265.00 LEVEL1 1316.00 1300.40 TRP: LEVEL2 1321.20* 1291.60*

Down
1321.20 LEVEL3 1285.00

Comment : Overall the market is still bearish, but near term corrections provide a friendly posture, calling for additional rebounding or corrective days to test up around 132120*. A close over 132120* will secure a short term turnaround and spark a bull upswing. If recovery action fades against 132120*, suspect one more bear leg. A close under 129160* will resume bear trending trade with chances for a drop to 126520*- 1262.

SILVER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 19.5200 LEVEL1 20.205 19.890 TRP: LEVEL2 20.315 19.660

Down
20.9500 LEVEL3 20.585 -

Comment: The market is short term bearish and still warns for a slide to 1952-. A drop under 1966 will resume declines to 1952 with a chance to probe against old lows from Dec-January. Be prepared for several corrective days, possibly lifting 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 3.0700 3.0230 TRP: LEVEL2 3.0885* 2.9925

Sdwys /Down
3.0885 LEVEL3 2.9595

Comment: Overall the market is still bearish and drop below 29595 could resume declines to test at 290-. Mondays bounce suggests further recovery action into this week with rising

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Date: 09/04/2014

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congestion that will push for a test at 30885* resistance for a bottoming turn. Be careful for a setback from 30885* to prompt secondary selloffs.

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Date: 09/04/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 104.00 LEVEL1 103.40 101.76 TRP: LEVEL2 104.23 101.19 Sdwys/Down 100.33 LEVEL3 105.50 100.33*

Comment: Yesterdays thrust higher signals an upside breakout and opens up the market for a bull advance to 104 as well as 10550. Trade is poised for aggressive rallies the next few days. A push beyond 10423 should spark rallies. Any corrections should find support back around the upturn level near 10162. Only a close under 10033* marks a reversing turn back to lower prices.

NATURAL GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.636 LEVEL1 4.568 4.460 TRP: LEVEL2 4.636* 4.377 Sdwys 4.347 LEVEL3 4.347*

Comment: Current rebounds are twisting short term trend forces up and hints for climbing moves to 4636*. Be prepared for near term sideways congestion along 4400+/- as trade works to turn trend momentum forces up. Stable action over 4400+ will build for rallies. Only a close under 4347* rekindles bear trend forces.

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Date: 09/04/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1793.50 LEVEL1 1853.00 1826.00 TRP: LEVEL2 1869.00* 1812.00

Up
1869.00 LEVEL3 1793.50*

Comment: The sharp two day break signals a topping bear reversal and should drive corrective selloffs to attack the 182350 swing low. A close under 1826 implies a larger unfolding bear wave to 179350*-. We may again see some consolidation action inside Mondays range, but tight congestion should bear flag. A close over 1869* is needed to recapture bull trend forces.

MINI DOW
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 16244 16163* TRP: LEVEL2 16300+/16107

Up
16163 LEVEL3 16395* 15911-

Comment : The sharp break suggests a topping reversal and targets corrective selloffs that may attack the 15911 swing low. A close under 16163* confirms a bear turn and calls for an unfolding bear wave to 15911- . We may see some consolidation action inside Mondays range, but tight congestion should bear flag. A close over 16395* is needed to recapture bull trend forces.

MINI NASDAQ
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 3450.00 LEVEL1 3456.50 3489.00 TRP: LEVEL2 3573.50 3450.00+/-

Up
3594.75 LEVEL3 3594.75* 3437.00
Date: 09/04/2014

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Comment: The market is showing a bear turnover, calling for a sliding move back through the last major bull wave to reach for support around 345000-. Yesterdays inside day keeps trade poised for selloffs and any corrective congestion trapped within Mondays range should quickly return to selloffs. Only a close over 359475* negates the bear trend alignment.

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Date: 09/04/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 1490.00 1466.00 TRP: LEVEL2 1496.00 1458.00 Sdwys/Up 1438.75 LEVEL3 1516.00 1454.00

Comment: The market remains in a bull drive with recent sideways congestion days forming a bull flag. A close over 1490/1496 is needed to launch a drive around 1545+/-. Another back off from 1490+ cautions for selloffs. Corrections should find support along the upper edges of previous congestion. Only a close under 1438 3/4* negates the breakout signal.

SOYMEAL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 497.70 LEVE1 481.10 472.30 TRP: LEVEL2 485.10 469.90 Sdwys/Up 463.40 LEVEL3 491.50 463.40*

Comment: The market is bullish, showing a breakout into new highs and signaling for a drive to 49770. Trade is bull flagging and positioning for aggressive rallies the next few days. Corrective dips should fight to hold within last Mondays range to maintain the upside breakout signals. Only a close under 46340* highlights a topping turnover.

SOYBEAN OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 43.06 LEVEL1 42.35 41.76 TRP: LEVEL2 42.77 41.44 Sdwys/Up 40.80 LEVEL3 43.06* 40.80*

Comment: The market is signaling a short term bottoming upturn and suggests a climbing advance to 4306* retracement resistance over the coming week. A close over 4306* is bullish. Any minor corrective dips should hold off the low 4100s to build a staging level for advance. A

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Date: 09/04/2014

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close under 4080* is needed for a reversing downturn.

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Date: 09/04/2014

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 685.00 670.00 TRP: LEVEL2 686.00 661.00

Down
699.00 LEVEL3 691.00* 658.00

Comment : Overall the market is short term bearish. We may see secondary selloffs, but this weeks bounce suggests a near term turn for corrections. Stable congestion over Mondays range low will promote a multiday retracement, working choppy rallies up into the 690-699* range. A close below 658 1/2 is needed to open up a larger selling wave.

CORN
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 515.00+ LEVEL1 510.00 499.00 TRP: LEVEL2 515.00+ 494.00

Down
489.50 LEVEL3 -

Comment: Last weeks rallies still indicate an upside breakout over recent sideways flagging congestion and creates potential for a significant bull wave to 515+. As long as corrective setbacks hold against previous flagging levels under 492-, trade should maintain the bull posture. A breakout over 515 will likely spark rallies. A close under 489 1/2* signals a reversing turn to the downside.

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Date: 09/04/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 17.30 16.87 TRP: LEVEL2 17.60* 16.80

Down
17.60 LEVEL3 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 modest recovery / congestion late last week could prompt sideways higher consolidation inside last Tuesdays downturn for a bear flag setup today. Only a close over 1760* rekindles bull trend forces.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 201.50 LEVEL1 201.50 190.30 TRP: LEVEL2 202.80 189.45 Sdwys/Up 180.05 LEVEL3 206.00+ 185.90

Comment : The market is powering secondary rallies to challenge against the last swing high / peaking levels at 20150+. A close over 20595 will confirm a breakout attack beyond the 20975+ high. Yesterdays rally hit the expected 20150 target and we should be prepared for a couple corrective congestion days back in the upper 180s. A drop under Mondays low is needed to pressure retracements into a test of 18005* support.

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 3006.00 2956.00 TRP: LEVEL2 3033.00 2941.00

Up
2941.00 LEVEL3 3039.00 -

Comment: The push back through last weeks selloff has muscled a positive turn and hints for a breakout attack over the 3039 swing high. A climb through the previous downturn gap at 3002-

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Date: 09/04/2014

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3012 is bullish and should fuel rallies to reach new highs beyond 3039+. If we see rallies rejected against 3002-30, be ready for a slip into additional sideways congestion along 2950. A close under 2941* is needed to flip trend forces back to peaking action.

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Date: 09/04/2014

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 89.64 LEVEL1 92.48 90.98 TRP: LEVEL2 93.17 90.33 Down 94.86 LEVEL3 94.86* 89.64*

Comment: The market remains in a bear pattern 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-. However, the reluctance to penetrate below 9000 is likely bouncing near term trade and hints for sideways higher congestion for several days. A close over 9486* is needed to rekindle bull trend forces.

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Date: 09/04/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1.3810+ 1.3755 Sdwys/Down TRP: LEVEL2 1.3854* 1.3734 1.3854 LEVEL3 1.3722*

Comment : The market is still in a bear trend, but this weeks climbing retracement of last weeks range provides near term positive signals and hints for a larger retracement up around 13854*. A pop over last weeks high could spark a run at 13854*. A close over 13854* will confirm a reversing turn back to higher levels. A close under 13722* is needed to rekindle bear trend forces.

B POUND
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.7000 LEVEL1 1.6765 1.6661 TRP: LEVEL2 1.6773 1.6658 Sdwys/Up 1.6622 LEVEL3 1.6805 1.6622*

Comment: The thrust higher on Tuesday 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 in the upper half of yesterdays run, but a close under 16622* is needed for a reversing turnover.

J YEN
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9869 0.9793 TRP: LEVEL2 0.9889 0.9760

Down
0.9695 LEVEL3 0.9930 0.9695*

Comment: Yesterdays sharp rally signals a reversing turn and warns for a larger emerging bull wave that will try to push over the sideways lower congestion of the past couple months. A

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Date: 09/04/2014

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breakout over 9886-89 creates a bull swing objective to 10030. We may see near term consolidation in the upper half of yesterdays run, but tight congestion will build a staging level for rallies. A close under 9695* marks a bear reversal turn.

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Date: 09/04/2014

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AUSSIE$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9362 LEVEL1 0.9362+ 0.9252 TRP: LEVEL2 0.9390 0.9209 Down 0.9148 LEVEL3 0.9410 0.9148*

Comment: The market is in a bull drive and yesterdays punch over recent congestion alerts for a bull leg up to 9362+. Trade is poised for aggressive rallies the next few days. A close over 9410 is bullish. Any corrections should try to hold along the upper edges of previous congestion around 9250+/-. A drop under 9209 is needed for a near term reversal, sending a drop against 9148*.

CANADIAN$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9181 LEVEL1 0.9152 0.9072 TRP: LEVEL2 0.9163 0.9067 Sdwys/Down 0.8961 LEVEL3 0.9188 0.9040

Comment: The climbing moves from last week signal a short term upturn and suggests a drive to 9150- 9200. Trade is poised for rallies, but a minor slip may check support around Mondays sideways inside day as trade consolidates gains. Congestion trade that stays over 9067 should bull flag. A close under 8961* rekindles bear trend forces.

SWISS FRANC
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1.1360 1.1282 TRP: LEVEL2 1.1385* 1.1250-

Sdwys
1.1385 LEVEL3 -

Comment: The market posture is still bearish, but a close under 11244 is needed to rekindle down trending action. The two day retracement this week marks a near term friendly upturn and hints for additional retracements, leading to a test of the 11385* resistance. A close over 11385* confirms a bull upturn push to test the March peaking levels.
Disclaimer: This Report Is only for General Information. Opinions/Estimates Contained Herein is Subject to

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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: 09/04/2014

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