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Daily Technical Analysis Report

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Date: 28/03/2014

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Commodities | Precious - Metals

GOLD
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1284.00LEVEL1 1316.20 1284.00TRP: LEVEL2 1320.60 1273.00-

Down
1353.00 LEVEL3 1330.00+/1265.20*

Comment: The market is bearish and vulnerable to further washouts at 1284-1275. A sustained press under 1300- should help propel sell offs. Any corrections should try to setup a bear flag and stay under 1320-. A reluctance to climb over 1320 will encourage sell offs. A close over 133110* is needed for a near term flip up with retracements back to 135300*.

SILVER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 19.520 LEVEL1 20.055 19.600TRP: LEVEL2 20.315 19.500

Down
20.950 LEVEL3 20.520 -

Comment: The market is short term bearish and warns for a wash to 1952-. A close under 1945 will send declines against old lows from Dec-January. If trade is reluctant to extend under 1950, be alert for a bounce into several corrective days, likely starting flagging congestion up around 2030-2058. Closes over 2061 and 2095* are needed to signal a bullish turn.

COPPER
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 2.7100 LEVEL1 3.0300+/2.9690 TRP: LEVEL2 3.0885* 2.9255

Sdwys /Down
3.0885 LEVEL3 2.9000-

Comment: Overall the market is still bearish and lined up to test at 290-. A complete retracement of Tuesdays range will encourage sell offs. A close under 28770 is needed to add to

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Date: 28/03/2014

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washouts to 271. Another push over 303 would suggest friendly corrective forces are gaining control and will lift trade to test at 30885* resistance for a bottoming turn.

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Date: 28/03/2014

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Commodities | ENERGY

CRUDE OIL
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 101.62 LEVEL1 101.62*+/100.56 TRP: LEVEL2 102.18 100.00 Sdwys/Down 98.79 LEVEL3 103.60+ 98.79*

Comment: The market has climbed 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 stalled action around 10162* that could drive trade back into corrections along 100-. A close under 9879* is needed for a reversing turn to lower levels.

NATURAL GAS
ST Trend
Obj: JANUARY FUTURE RESISTANCES SUPPORTS 4.641 LEVEL1 4.607 4.488 TRP: LEVEL2 4.650 4.440 Sdwys 43.76 LEVEL3 4.700 4.376*

Comment: Yesterdays 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 yesterdays 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: 28/03/2014

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T Bonds | INDICES

MINI S&P
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1821.00 LEVEL1 1848.50 1835.25 TRP: LEVEL2 1853.50 1826.00

Up
1860.50 LEVEL3 1860.50* 1821.00*

Comment: Wednesdays outside bear day signals a short term negative turnover. The stalled / failed secondary rallies of recent weeks caution for a reactionary sell off. 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 16275 16137 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. Wednesdays outside bear day warns minor corrective consolidation for a few days 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 3588.00 3547.00 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 sell offs today. Any minor corrections

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Date: 28/03/2014

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should 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: 28/03/2014

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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 with yesterdays breakout over 47150 signaling 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 40.84 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

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Date: 28/03/2014

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

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Date: 28/03/2014

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WHEAT
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS None LEVEL1 714.00 702.00 TRP: LEVEL2 716.00 700.00-

Down
690.00 LEVEL3 723.00 690.00*

Comment : The market is bullish and congestion over 690* support hints for secondary rallies. A breakout over last weeks high creates potential for a blow off run over 750+. Trade may ease and hang in sideways congestion along 700+/-. A close under 690* marks a reversal into topping trade and likely sell off into the 670-660 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 502.00 476.00

Comment: The market is in a bull trend, suggesting a preliminary upturn from recent congestion and poised for rallies to attack 495* resistance. A breakout over 495* rekindles the bull drive and breakout over the last spike high alerts for driving rallies beyond 515+. Trade may back off from 495* and resume sideways congestion, but a press under 476 is needed to start a reversal turnover. A close under 472* is bearish.

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Date: 28/03/2014

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Commodities | SOFTS

SUGAR
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 18.10 LEVEL1 18.03 17.62 TRP: LEVEL2 18.22 17.44

Down
17.13 LEVEL3 18.47 -

Comment: The surging rallies of the past couple days 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 this weeks upturn.

COFFEE
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 159.50LEVEL1 179.75 170.45 TRP: LEVEL2 183.30* 166.00 Sdwys/Up 193.05 LEVEL3 193.05* 159.00

Comment : The market is bearish and still suggests a larger selling wave to below 160-. We may see another flagging corrective day, but any corrections should struggle to rally over 18330*. Tight congestion will setup for sell off attempts to 15950-. A close over 19305* is needed to kick off a secondary bull drive.

COCOA
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 2910.00 LEVEL1 2970.00 2933.00 TRP: LEVEL2 2993.00* 2910.00

Up
2993.00 LEVEL3 3002.00 2909.00

Comment: The drop off late last week signals a short term turnover and warns for sell offs to

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Date: 28/03/2014

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test down along 2910-. A close under 2900 could open up a larger selling wave. Any corrections will likely remain trapped to sideways congestion under last Thursdays gap. A close over 2993* is needed to rekindle bull trend forces.

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Date: 28/03/2014

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COTTON
ST Trend
Obj: MARCH FUTURE RESISTANCES SUPPORTS 89.64 LEVEL1 93.44+ 91.25 TRP: LEVEL2 94.86* 90.00 Down 94.86 LEVEL3 97.35 89.64*

Comment: The reversal with Wednesdays extreme range, 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 sell offs to 8600-. Suspect a fight to bounce off 9000-8964* on the first test to lift trade into ideways consolidation for several days. A close over 9486* is needed to rekindle bull trend forces.

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Date: 28/03/2014

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Forex | CURRENCIES

EURO
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.3666 LEVEL1 1.3790 1.3705 TRP: LEVEL2 1.3814 1.3704 Sdwys/Down 1.3875 LEVEL3 1.3875* 1.3666*

Comment : Last weeks break still signals a bear turnover and potential for sell offs to 13666*. Sustained action under the recent 13747 lows will promote follow through sell offs. Any corrections that stall around 13800+/- should stay aligned for sell offs. A close over 13875* is needed for a reversing turn back to higher levels.

B POUND
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 1.6440 LEVEL1 1.6633 1.6525* TRP: LEVEL2 1.6672* 1.6440 Sdwys/Up 1.6672 LEVEL3 -

Comment: The market remains in a bear trend with potential for declines to 16440. However, it will take a roll back under 16525* 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 None LEVEL1 0.9831 0.9760 TRP: LEVEL2 0.9893 0.9734*

Down
0.9734 LEVEL3 0.9920 0.9697

Comment: The market is hanging in the middle of recent congestion, but has a slight bull bias based on congestion holding off the balance point between bull / bear forces at 9734*. A close under 9734* signals for a selloff below 9680-. Further basing over 9734* could start rallies, but a

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Date: 28/03/2014

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close over 9893+ is needed to project a drive over 100+.

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Date: 28/03/2014

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AUSSIE$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS 0.9362 LEVEL1 0.9224 0.9141 TRP: LEVEL2 0.9280 0.9075Down 0.8979 LEVEL3 0.9362+ 0.8979*

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 8979* marks a reversing turnover.

CANADIAN$
ST Trend Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 0.9069 0.9009 TRP: LEVEL2 0.9111 0.8980 Sdwys/Down 0.8928 LEVEL3 0.8928*

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 be prepared for a minor slip to sideways congestion along 9000 as trade consolidates gains. Tight congestion days should bull flag. Only a close under 8928* rekindles bear trend forces.

SWISS FRANC
ST Trend
Obj: DECEMBER FUTURE RESISTANCES SUPPORTS None LEVEL1 1.1360 1.1275 TRP: LEVEL2 1.1367 1.1269

Sdwys
1.1321 LEVEL3 1.1418* 1.1219

Comment: The market has turned the trend down and drop out from congestion of the past few days should send a break below 11240-. A close under 11215 is bearish. Any corrective congestion that remains under Tuesdays range high will remain in a negative alignment. A pop over 11388 is needed to run trade to attack 11418* 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: 28/03/2014

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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: 28/03/2014

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