Date post: | 20-Jun-2015 |
Category: |
Economy & Finance |
Upload: | seven-star-fx |
View: | 16 times |
Download: | 0 times |
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
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…
Daily Technical Analysis Report
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
GOLD ST Trend Down
Obj: 1284.00- TRP: 1351.70
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1308.00 1320.60 1329.80*
SUPPORTS 1284.00- 1273.00- 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 Down
Obj: 19.520 TRP: 20.950
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 19.965 20.055 20.315
SUPPORTS 19.600- 19.500 -
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 Sdwys /Down
Obj: 2.7100 TRP: 3.0885
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 3.0610 3.0885* -
SUPPORTS 3.0095 2.9865 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. Friday’s push over 303 suggests a
friendly upturn from congestion and could motivate corrections to test at 30885* resistance for a
Commodities | Precious - Metals
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
bottoming turn. Be careful for a setback from 30885*.
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
CRUDE OIL ST Trend Sdwys/Down
Obj: None TRP: 98.99
JANUARY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 101.62* 102.24 103.60+
SUPPORTS 100.78 100.40 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 Sdwys
Obj: 4.641 TRP: 43.76
JANUARY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 4.552 4.650 4.700
SUPPORTS 4.440 4.376* -
Comment: Last week’s 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 Thursday’s run, but tight congestion will quickly form a staging level for rallies. Only a
close under 4376* rekindles bear trend forces.
Commodities | ENERGY
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
MINI S&P ST Trend Up
Obj: 1821.00 TRP: 1860.50
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1856.50 1860.50* 1871.00
SUPPORTS 1842.25 1836.00 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 Up
Obj: None TRP: 16094
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 16299 16370+ -
SUPPORTS 16164 16094* 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 Up
Obj: 3531.00 TRP: 3669.00
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 3595.75 3604.00 3669.00*
SUPPORTS 3543.50 3531.00 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
T Bonds | INDICES
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
continue to struggle to get over 360000+ and sideways action will bear flag. Only a close over
366900* rekindles bull trend forces.
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
SOYBEANS ST Trend Sdwys/Up
Obj: None TRP: 1401.50
JANUARY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1444.00 1450.00 1460.00
SUPPORTS 1421.00 1411.00 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 Sdwys/Up
Obj: None TRP: 447.80
JANUARY FUTURE LEVE1 LEVEL2 LEVEL3
RESISTANCES 475.00 482.00+ -
SUPPORTS 465.40 459.80*- 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 Sdwys/Up
Obj: 40.16 TRP: 42.27
JANUARY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 40.86 41.31 41.59
SUPPORTS 40.16*+/- - -
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
Commodities | GRAINS
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
a close over 4227* marks a turn into sustained corrections. Watch for a bounce off 4016* on the first
test.
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
WHEAT ST Trend Down
Obj: None TRP: 690.00
MARCH FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 699.00 706.00 716.00
SUPPORTS 690.00* 683.00 670.00-
Comment : The market remains in a bull trend. A breakout over last week’s 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 670-
660 levels.
CORN ST Trend Down
Obj: None TRP: 472.00
MARCH FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 495*+.00 500.00 502.00
SUPPORTS 487.00 485.00 482.00
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.
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
SUGAR ST Trend Down
Obj: 18.10 TRP: 17.21
MARCH FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 18.03+ 18.22 18.47
SUPPORTS 17.64 17.46 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 week’s upturn.
COFFEE ST Trend Sdwys/Up
Obj: 159.50- TRP: 193.05
MARCH FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 181.20 183.30* 193.05*
SUPPORTS 176.75 173.60 166.00
Comment : The market remains bearish and drop from last week’s 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 Up
Obj: None TRP: 2992.00
MARCH FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 2992.00* 3006.00 3039.00
SUPPORTS 2955.00 2931.00 2918.00
Comment: The market is caught in congestion. A close under 2918 could open up a larger selling
Commodities | SOFTS
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
wave. Friday’s 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.
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
COTTON ST Trend Down
Obj: 89.64 TRP: 94.86
MARCH FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 94.12 94.86* 97.35
SUPPORTS 91.69 90.00 89.64*
Comment: Last Wednesday’s 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.
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
EURO ST Trend Sdwys/Down
Obj: 1.3666 TRP: 1.3866
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1.3787 1.3809 1.3866*
SUPPORTS 1.3705 1.3702 1.3666*
Comment : Down sloping trade signals a bear turnover and potential for selloffs to 13666*. A
drop under Friday’s 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 Sdwys/Up
Obj: 1.6440 TRP: 1.6672
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1.6640 1.6644 1.6672*
SUPPORTS 1.6555 1.6527* 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 Down
Obj: 0.9617 TRP: 0.9818
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 0.9752 0.9783 0.9818*
SUPPORTS 0.9697 0.9660- 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
Forex | CURRENCIES
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
to the upside.
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
AUSSIE$ ST Trend Down
Obj: 0.9362 TRP: 0.8988
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 0.9221 0.9280 0.9362+
SUPPORTS 0.9147 0.9075- 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 Sdwys/Down
Obj: None TRP: 0.8932
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 0.9069 0.9074 0.9111
SUPPORTS 0.9002 0.8980 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 Friday’s 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 Sdwys
Obj: 1.1219 TRP: 1.1409
DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1.1327 1.1337 1.1409*
SUPPORTS 1.1240 1.1219 -
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 wednesday’s 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
Please do not print this report unless it is absolutely necessary. Save a tree. Date: 31/03/2014
www.sevenstarfx.com
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.