Page 1

Daily Technical Analysis Report

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

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


Commodities | Precious - Metals

GOLD ST Trend

Down

Obj:

1296.60, 1260.20

TRP:

1331.40

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1311.06

1312.65

-

SUPPORTS

1292.43

1260.20

-

Comment : Computer: Yesterday's action has changed the minor trend for June Gold to down with very recent trade looking a bit soft. We have currently traded below the first swing target for this market (1296.60). The next objective is 1260.20. A reversal and rally through 1331.40 is needed to change this pattern. Historical analysis of this minor swing pattern shows a definite bearish bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 69 percent.

SILVER ST Trend

Down

Obj:

19.4600, 1930.00

TRP:

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

19.7790

19.8207

-

SUPPORTS

19.3217

18.8150

-

20.1400

Comment: Computer: Yesterday's action has changed the minor trend for May Silver to down with very recent trade looking a bit soft. We have taken out all minor downside target objectives for this pattern and are now looking to test intermediate target levels. Historical analysis of this minor swing pattern shows a definite bearish bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 70 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


COPPER ST Trend

Sdwys /Down

Obj:

2.9340, 2.8730

TRP:

3.0800

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

3.0183

3.0249

-

SUPPORTS

2.9644

2.9285

-

Comment: Computer: Yesterday's action has changed the minor trend for May Copper to down with very recent trade looking a bit soft. The downside objectives for this formation range from 293.40 to 287.30, with a rally through 308.00 needed to negate the pattern. Historical analysis of this minor swing pattern shows a definite bearish bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 69 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


Commodities | ENERGY

CRUDE OIL ST Trend

Sdwys/Down

Obj:

102.09, 101.47

TRP:

104.55

JANUARY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

104.49

104.67

-

SUPPORTS

103.04

102.61

-

Comment: Computer: Yesterday's action has changed the minor trend for May Crude Oil to down with very recent trade looking neutral. The downside objectives for this formation range from 102.09 to 101.47, with a rally through 104.55 needed to negate the pattern. Historical analysis of this minor swing pattern shows no discernible bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 61 percent.

NATURAL GAS ST Trend Obj:

Sdwys 4.810,

4.895

TRP:

4.404

JANUARY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

4.633

4.646

-

SUPPORTS

4.506

4.496

-

Comment: Computer: The minor trend for May Natural Gas remains up but with very recent action looking a bit soft. The upside target zone for this pattern is from 48.10 to 48.95, with a penetration of 44.04 needed to negate the formation. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 65 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


T Bonds | INDICES

MINI S&P ST Trend

Up

Obj:

1779.75, 1762.50

TRP:

1867.50

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1850.83

1859.00

-

SUPPORTS

1827.47

1818.38

-

Comment: Computer: The minor trend for June E-Mini S&P 500 remains down but with very recent action looking strong. The downside objectives for this formation range from 1779.75 to 1762.50, with a rally through 1867.50 needed to negate the pattern. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 68 percent.

MINI DOW ST Trend Obj:

Up 15754,

15505

TRP:

16384

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

16299

16366

-

SUPPORTS

16113

16040

-

Comment : Computer: The minor trend for June Mini Dow Jones remains down but with very recent action looking strong. The downside objectives for this formation range from 157.54 to 155.05, with a rally through 163.84 needed to negate the pattern. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 68 percent.

MINI NASDAQ ST Trend Obj:

Up

3405.00,

3349.50

TRP:

3599.50

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

3518.91

3527.13

-

SUPPORTS

3454.65

3425.75

-

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


Comment: Computer: The minor trend for June E-Mini Nasdaq 100 remains down with very recent action looking neutral. The next objective is 3349.50.. Yesterday's outside reversal signals the likelihood that breaks into the 3448.00 area should be well supported for the next couple of days. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 63 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


Commodities | GRAINS

SOYBEANS ST Trend Obj:

Sdwys/Up

1491.75,

1535.75

TRP:

1444.25

JANUARY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1502.02

1517.75

-

SUPPORTS

1477.46

1475.24

-

Comment: Computer: Yesterday's rally has taken the market to new contract highs. The minor trend for July Soybeans remains up with very recent action looking strong. A reversal and penetration of 1444.25 is needed to negate the pattern. Historical analysis of this minor swing pattern shows a very negligible negative bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 62 percent.

SOYMEAL ST Trend Obj:

Sdwys/Up

479.70,

495.60

TRP:

461.80

JANUARY FUTURE

LEVE1

LEVEL2

LEVEL3

RESISTANCES

479.72

483.60

-

SUPPORTS

470.98

470.42

-

Comment: Computer: Yesterday's action has changed the minor trend for July Soybean Meal to up with very recent trade looking firm. The upside target zone for this pattern is from 479.70 to 495.60, with a penetration of 461.80 needed to negate the formation. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 67 percent.

SOYBEAN OIL ST Trend Obj:

Sdwys/Up 43.85,

44.31

TRP:

42.01

JANUARY FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

43.51

43.86

-

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


SUPPORTS

42.68

42.60

-

Comment: Computer: The minor trend for July Soybean Oil remains up with very recent action looking strong. The upside target zone for this pattern is from 43.85 to 44.31, with a penetration of 42.01 needed to negate the formation. Historical analysis of this minor swing pattern shows a very negligible negative bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 62 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


WHEAT ST Trend Obj:

Down

726.75,

734.63

TRP:

663.75

MARCH FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

720.42

736.38

-

698.46

-

SUPPORTS

700.80

Comment : Computer: The minor trend for July Wheat remains up with very recent action looking strong. The upside target zone for this pattern is from 726.75 to 734.63, with a penetration of 663.75 needed to negate the formation. Look for support today from 700.80 to 698.46 and resistance between 720.42 and 736.38. Historical analysis of this minor swing pattern shows a definite bullish bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 70 percent.

CORN ST Trend Obj:

Down

548.75,

486.50

TRP:

499.75

MARCH FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

514.83

515.79

-

SUPPORTS

504.55

503.23

-

Comment: Computer: Yesterday's action has changed the minor trend for July Corn to neutral with very recent trade looking firm. Initial swing targets for this range are 548.75 on the upside, or 486.50 if a breakdown occurs. Look for support today from 504.55 to 503.23 and resistance between 514.83 and 515.79. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 66 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


Commodities | SOFTS

SUGAR ST Trend Obj:

Down 16.97,

16.82

TRP:

17.93

MARCH FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

17.64

17.68

-

SUPPORTS

17.27

17.22

-

Comment: Computer: The minor trend for July Sugar remains down with very recent action looking neutral. The downside objectives for this formation range from 16.97 to 16.82, with a rally through 17.93 needed to negate the pattern. Look for support today from 17.27 to 17.22 and resistance between 17.64 and 17.68. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 66 percent.

COFFEE ST Trend

Sdwys/Up

Obj:

213.00, 227.30

TRP:

192.40

MARCH FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

199.66

201.72

-

SUPPORTS

190.54

182.15

-

Comment : Computer: The minor trend for July Coffee remains up but with very recent action looking weak. The upside target zone for this pattern is from 213.00 to 227.30. Yesterday's outside reversal signals the likelihood that rallies into the 202.53 area should meet with good selling pressure for the next couple of days.

COCOA ST Trend Obj:

Up

2954.00,

2935.00

TRP:

3015.00

MARCH FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

3002.00

3006.00

-

SUPPORTS

2957.00

2952.00

-

Comment: Computer: Yesterday's action has changed the minor trend for July Cocoa to down

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


with very recent trade looking a bit soft. The downside objectives for this formation range from 29.54 to 29.35, with a rally through 30.15 needed to negate the pattern. Historical analysis of this minor swing pattern shows a very negligible positive bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 63 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


COTTON ST Trend Obj:

Down 89.45,

87.13

TRP:

92.91

MARCH FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

92.41

92.72

-

SUPPORTS

90.46

89.52

-

Comment: Computer: Yesterday's action has changed the minor trend for July Cotton to down with very recent trade looking a bit soft. The downside objectives for this formation range from 89.45 to 87.13, with a rally through 92.91 needed to negate the pattern. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 64 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


Forex | CURRENCIES

EURO ST Trend Obj:

Sdwys/Down 1.4019,

1.4021

TRP:

1.3669

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1.3843

1.3947

-

SUPPORTS

1.3771

1.3753

-

Comment : Computer: The minor trend for June Euro remains up but with very recent action looking weak. The upside target zone for this pattern is from 140.19 to 140.21, with a penetration of 136.69 needed to negate the formation. Look for support today from 137.71 to 137.53 and resistance between 138.43 and 138.47. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 65 percent.

B POUND ST Trend Obj:

Sdwys/Up

1.6907,

1.6984

TRP:

1.6545 LEVEL3

DECEMBER FUTURE

LEVEL1

LEVEL2

RESISTANCES

1.6752

1.6759

SUPPORTS

1.6671

1.6633

-

Comment: Computer: The minor trend for June British Pound remains up with very recent action looking neutral. The upside target zone for this pattern is from 169.07 to 169.84, with a penetration of 165.45 needed to negate the formation. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 65 percent.

J YEN ST Trend Obj:

Down

0.9886,

0.9940

TRP:

0.9806

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

0.9856

0.9866

-

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


SUPPORTS

0.9789

0.9785

-

Comment: Computer: The minor trend for June Yen remains up but with very recent action looking a bit soft. The upside target zone for this pattern is from 98.86 to 99.40, with a penetration of 98.06 needed to negate the formation. Look for support today from 97.89 to 97.85 and resistance between 98.56 and 98.66. Historical analysis of this minor swing pattern shows a slightly positive bias for today's action, with the odds of this market taking out yesterday's high in the next two trading sessions around 67 percent.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


AUSSIE$ Obj:

ST Trend 0.9288,

Down 0.9259

TRP:

0.9285

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

0.9354

0.9360

-

SUPPORTS

0.9282

0.9238

-

Comment: Computer: Yesterday's action has changed the minor trend for June Australian$ to down with very recent trade looking a bit soft. The downside objectives for this formation range from 92.88 to 92.59, with a rally through 93.85 needed to negate the pattern. Historical analysis of this minor swing pattern shows a definite bearish bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 70 percent.

CANADIAN$ ST Trend 0.9001,

Obj:

0.8939

TRP:

Sdwys/Down 0.9195

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

0.9123

0.9128

-

SUPPORTS

0.9065

0.9048

-

Comment: Computer: Yesterday's action has changed the minor trend for June Canadian$ to down with very recent trade looking a bit soft. The downside objectives for this formation range from 90.01 to 89.39, with a rally through 91.95 needed to negate the pattern. Historical analysis of this minor swing pattern shows no discernible bias for today's action, with the odds of this market closing above yesterday's close in the next two trading sessions around 61 percent.

SWISS FRANC ST Trend Obj:

Sdwys

1.1541,

1.1609

TRP:

1.1179

DECEMBER FUTURE

LEVEL1

LEVEL2

LEVEL3

RESISTANCES

1.1396

1.1404

-

SUPPORTS

1.1329

1.1316

-

Comment: Computer: The minor trend for June Swiss Franc remains up but with very recent

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014


action looking weak. The upside target zone for this pattern is from 115.41 to 116.09, with a penetration of 111.79 needed to negate the formation. Historical analysis of this minor swing pattern shows a slightly negative bias for today's action, with the odds of this market taking out yesterday's low in the next two trading sessions around 65 percent.

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 Information. This Material Is Not Intended As An Offer Or Solicitation for the Purchase or Sale of Any Financial Instrument.

ď ?

Please do not print this report unless it is absolutely necessary. Save a tree.

www.sevenstarfx.com

Date: 16/04/2014

Daily forex technical analysis report – 16 04 2014  

This is our daily technical analysis report dated of 16th April, 2014 of forex currency, commodities and CFDs. A Daily Technical Analysis R...

Read more
Read more
Similar to
Popular now
Just for you