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Daily Technical Analysis Report

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Date: 31/03/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1284.00LEVEL1 1308.00 1284.00TRP: LEVEL2 1320.60 1273.00-

Down
1351.70 LEVEL3 1329.80* 1265.20*

Comment: The market is bearish and vulnerable to further washouts at 1284-1275. Sustained action under 1308- should help propel selloffs. Any corrections should try to setup a bear flag and stay under 1320-. A reluctance to climb over 1320 will encourage selloffs. A close over 132980* is needed for a near term flip up with retracements back to 135170*.

SILVER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 19.520 LEVEL1 19.965 19.600TRP: LEVEL2 20.055 19.500

Down
20.950 LEVEL3 20.315 -

Comment: The market is bearish and vulnerable to further washouts at 1284-1275. Sustained action under 1308- should help propel selloffs. Any corrections should try to setup a bear flag and stay under 1320-. A reluctance to climb over 1320 will encourage selloffs. A close over 132980* is needed for a near term flip up with retracements back to 135170*.

COPPER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 2.7100 LEVEL1 3.0610 3.0095 TRP: LEVEL2 3.0885* 2.9865

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-. A close under 28770 is needed to add to washouts to 271. Fridays push over 303 suggests a friendly upturn from congestion and could motivate corrections to test at 30885* resistance for a

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bottoming turn. Be careful for a setback from 30885*.

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Date: 31/03/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 101.62* 100.78 TRP: LEVEL2 102.24 100.40 Sdwys/Down 98.99 LEVEL3 103.60+ 98.99*

Comment: The market is up against 10162* resistance, challenging for a larger advance. A close over 10162* projects rallies to push into the early March swing high. However, be careful 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 GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.641 LEVEL1 4.552 4.440 TRP: LEVEL2 4.650 4.376* Sdwys 43.76 LEVEL3 4.700 -

Comment: Last weeks thrust higher triggered a short term reversing upturn and calls for follow through rallies into the 4607-4650 area. We may see minor consolidation of gains in the upper half of last Thursdays run, but tight congestion will quickly form a staging level for rallies. Only a close under 4376* rekindles bear trend forces.

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Date: 31/03/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1821.00 LEVEL1 1856.50 1842.25 TRP: LEVEL2 1860.50* 1836.00

Up
1860.50 LEVEL3 1871.00 1821.00*

Comment: The market is short term negative and trying to extend a corrective turnover. Rejected trade from 186050* will foster selloffs. A close under 1821* should be respected for a larger topping downturn that could wash trade below 1800-. A close back over 186050* is needed to rekindle bull trend forces.

MINI DOW
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 16299 16164 TRP: LEVEL2 16370+ 16094*

Up
16094 LEVEL3 15950-

Comment : The market posture retains a short term bull bias, signaling for a secondary drive to challenge previous swing highs over 16400+. A breakout at new highs is needed to launch advances. Near term congestion still warns minor corrective action that may slip below 16200-, but only a close under 16094* signals a turn to bear trending trade.

MINI NASDAQ
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 3531.00 LEVEL1 3595.75 3543.50 TRP: LEVEL2 3604.00 3531.00

Up
3669.00 LEVEL3 3669.00* 3488.00-

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

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

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Date: 31/03/2014

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Commodities | GRAINS

SOYBEANS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVEL1 1444.00 1421.00 TRP: LEVEL2 1450.00 1411.00 Sdwys/Up 1401.50 LEVEL3 1460.00 1401.00

Comment: The market is still short term bullish, but another rejection up around the last swing high and drop off through 1411 3/4 / 1401 1/2* will mark a turn to peaking trade. A close under 1401 1/2* opens up retracement potential to 1360-. On the other hand, a breakout over 1460 signals a significant upside breakout and should trigger a drive to 1490+.

SOYMEAL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS None LEVE1 475.00 465.40 TRP: LEVEL2 482.00+ 459.80*Sdwys/Up 447.80 LEVEL3 447.80*

Comment: The market is bullish, trying to breakout over 47150 and signal for a drive beyond 482+. Another back off from 470+ may trigger defensive consolidation days in the 470-460 zone. Mostly sideways action over 45980* will allow trade to bull flag. A close under 45980* marks a turn back against 44780*.

SOYBEAN OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 40.16 LEVEL1 40.86 40.16*+/TRP: LEVEL2 41.31 Sdwys/Up 42.27 LEVEL3 41.59 -

Comment: The market is bearish. The sliding declines from last week show a bear target to a 4016* retracement support level. Any attempts to correct back through recent down sloping congestion will likely stop under 4131 to keep a bear flag setup. A push over 4131 could spark rebounds. Only

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Date: 31/03/2014

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a close over 4227* marks a turn into sustained corrections. Watch for a bounce off 4016* on the first test.

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 699.00 690.00* TRP: LEVEL2 706.00 683.00

Down
690.00 LEVEL3 716.00 670.00-

Comment : The market remains in a bull trend. A breakout over last weeks high creates potential for a blow off run over 750+. However, choppy trade indicates a correction phase and close under 690* marks a reversal into topping trade for a likely retracement selloff into the 670660 levels.

CORN
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 495*+.00 487.00 TRP: LEVEL2 500.00 485.00

Down
472.00 LEVEL3 502.00 482.00

Comment: The market is in a bull trend, suggesting a preliminary upturn from recent congestion and poised for rallies. A breakout over 495* rekindles the bull advance and should lift trade for a breakout over the last spike high, sparking rallies beyond 515+. If we see further setbacks from 495*, then be on guard for reactionary selloffs with a press under 482 starting a reversal turnover. A close under 472* is bearish.

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Date: 31/03/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 18.10 LEVEL1 18.03+ 17.64 TRP: LEVEL2 18.22 17.46

Down
17.21 LEVEL3 18.47 17.44

Comment: The surging rallies late last week signals a bull turn and calls for a secondary advance to attack the last swing high. Trade is poised for rallies. A breakout over 1847 could launch 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 just under 1750- to maintain bull forces from last weeks upturn.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 159.50LEVEL1 181.20 176.75 TRP: LEVEL2 183.30* 173.60 Sdwys/Up 193.05 LEVEL3 193.05* 166.00

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

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 2992.00* 2955.00 TRP: LEVEL2 3006.00 2931.00

Up
2992.00 LEVEL3 3039.00 2918.00

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

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Date: 31/03/2014

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wave. Fridays outside bull day may lead to secondary rallies, but key on a close over 2992* to rekindle bull trend forces and drive trade to attack the last swing high.

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Date: 31/03/2014

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 89.64 LEVEL1 94.12 91.69 TRP: LEVEL2 94.86* 90.00 Down 94.86 LEVEL3 97.35 89.64*

Comment: Last Wednesdays reversal still signals a negative flip in the short term trend 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-. Residual bull forces are trying to lift trade back into the bull drive. A close over 9486* will rekindle bull trend forces. Sideways consolidation under 9486* will lead into another selloff.

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Date: 31/03/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.3666 LEVEL1 1.3787 1.3705 TRP: LEVEL2 1.3809 1.3702 Sdwys/Down 1.3866 LEVEL3 1.3866* 1.3666*

Comment : Down sloping trade signals a bear turnover and potential for selloffs to 13666*. A drop under Fridays low should drive follow through selloffs against 13666*. Any corrections that stall around 13800+/- should stay aligned for selloffs. A close over 13866* is needed for a reversing turn back to higher levels.

B POUND
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.6440 LEVEL1 1.6640 1.6555 TRP: LEVEL2 1.6644 1.6527* Sdwys/Up 1.6672 LEVEL3 1.6672* 1.6499

Comment: The market remains in a bear trend with potential for declines to 16440. However, it will take a roll back under 16527* to rekindle bear trending action. A drop back under 16499 should release a bear leg to 16440-. Corrective rebounds will need to power back through congestion and close over 16672* to trigger a reversing turn back to higher prices.

J YEN
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9617 LEVEL1 0.9752 0.9697 TRP: LEVEL2 0.9783 0.9660-

Down
0.9818 LEVEL3 0.9818* 0.9617

Comment: On Friday the market triggered a bear flag downturn from a week and half sideways flagging congestion, signaling for selloffs to 9617 as well as potential to test basing levels under 9600-. A press below 9697 will encourage selloffs. Only a close back over 9818* reverses trade back

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Date: 31/03/2014

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to the upside.

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Date: 31/03/2014

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AUSSIE$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9362 LEVEL1 0.9221 0.9147 TRP: LEVEL2 0.9280 0.9075Down 0.8988 LEVEL3 0.9362+ 0.8988*

Comment: The market shows a bottoming upturn, signaling for a potential run to 9362. Any corrective dips should hold along the upper edges of recent congestion at 9075- to keep a friendly alignment. Likely any 2- 3 day congestion off 9075 will bull flag. Only a close under 8988* marks a reversing turnover.

CANADIAN$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9069 0.9002 TRP: LEVEL2 0.9074 0.8980 Sdwys/Down 0.8932 LEVEL3 0.9111 0.8932*

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

SWISS FRANC
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.1219 LEVEL1 1.1327 1.1240 TRP: LEVEL2 1.1337 1.1219

Sdwys
1.1409 LEVEL3 1.1409* -

Comment: The market has turned the trend down and drop out from congestion of the past week should send a break to 11219. A close under 11215 is bearish. Any corrective congestion that remains under last wednesdays inside day high will remain in a negative alignment. A pop over 11337 is needed to run trade to attack 11409* and attempt a new bull advance.
Disclaimer: This Report Is only for General Information. Opinions/Estimates Contained Herein is Subject to

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Date: 31/03/2014

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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: 31/03/2014

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