Daily Technical Levels

22 October 2010

S&P 500 EUR/USD T-Bond Nasdaq100 Crude Oil DAX

S&P 500 (Dec 10) intraday: towards 1167

Pivot: 1186
Our Preference: SHORT positions below 1186 with targets @ 1167 & 1162.
Alternative scenario: The upside penetration of 1186 will call for a rebound towards 1195 & 1200.
Comment: The false breakout of 1182 is a negative signal.

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Euro FX Futures (Z10 CME) intraday: rebound.

Pivot: 1.3875
Our preference: Long positions above 1.3875 with targets @ 1.397 & 1.4 in extension.
Alternative scenario: Below 1.3875 look for further downside with 1.383 & 1.378 as targets.
Comment: the RSI is supported by a rising trend line, the pair has rebounded on its support and is challenging its
resistance.
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T-Bond (Dec 10): under pressure.

Pivot: 132.1
Our preference: Short positions below 132.1 with targets @ 131.2 & 131.09 in extension.
Alternative scenario: Above 132.1 look for further upside with 132.29 & 133.11 as targets.
Comment: the contract remains under pressure and is approaching its support.

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Nasdaq 100 (Dec 10) intraday: watch 2051

Pivot: 2104
Our Preference: SHORT positions below 2104 with targets @ 2067 & 2051.
Alternative scenario: The upside breakout of 2104 will open the way to 2130 & 2155.
Comment : the contract struck against its resistance @ 2104

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Crude Oil (Dec 10) intraday: the downside prevails.

Pivot: 82.70
Our Preference: SHORT positions below 82.7 with 79.75 & 78.75 as next targets.
Alternative scenario: The upside penetration of 82.7 will call for 84 & 84.8.
Comment: the immediate trend remains up but the momentum is weak.
Trend: ST Bullish; MT Range
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Dax (Dec 10) intraday: target 6660

Pivot: 6512
Our Preference: LONG positions above 6512 with 6660 & 6700 as next targets.
Alternative scenario: The downside penetration of 6512 will call for 6463 & 6400.
Comment: The 50-simple moving average is ascending.

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FULL RISK DISCLOSURE

Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk
capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only
those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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