daily forex technical analysis report – 07 04-2014

Please do not print this report unless it is absolutely necessary. Save a tree. Date: 07/04/2014

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


www.sevenstarfx.com

GOLD ST Trend Down

Obj: 1265.00 TRP: 1321.20

DECEMBER FUTURE LEVEL1 LEVEL2 LEVEL3

RESISTANCES 1309.00 1321.20* -

SUPPORTS 1293.00 1288.90* 1281.90

Comment : Overall the market is still bearish, but near term correcting off the 1284-1277

target zone. Be ready for modest rebounding or corrective days this week. A close over

132120* is needed to secure a short term turnaround and spark a bull trending upswing. If

recovery action fades under 132120*, suspect one more bear leg. A close under 128890* or

drop under 128190 will resume bear forces and chances for a drop to 126520*-1262.

SILVER ST Trend Down

Obj: 19.520 TRP: 20.950


RESISTANCES 20.165 20.315 20.585

SUPPORTS 19.825 19.660 -

Comment: The market is short term bearish and still warns for a slide to 1952-. A drop under

1966 will resume declines to 1952 with a chance to probe against old lows from Dec-January.

Be prepared for several corrective days, possibly lifting flagging congestion up around 2030.

Closes over 2061 and 2095* are needed to signal a bullish turn.

COPPER ST Trend Sdwys /Down

Obj: 2.7100 TRP: 3.0885


RESISTANCES 3.0510 3.0700 3.0885*

SUPPORTS 3.0095 2.9945 2.9595

Comment: Overall the market is still bearish and drop below 29595 could resume declines to

test at 290-. The current recovery suggests rising congestion that may force a test at 30885*

Commodities | Precious - Metals


www.sevenstarfx.com

resistance for a bottoming turn. Be careful for a setback from 30885* to prompt secondary

selloffs.


www.sevenstarfx.com

CRUDE OIL ST Trend Sdwys/Down

Obj: None TRP: 98.99

JANUARY FUTURE LEVEL1 LEVEL2 LEVEL3

RESISTANCES 101.62* 102.20 103.45

SUPPORTS 100.33 99.75 98.99*

Comment: The market is caught between 9899* support and 10162* resistance. A close under

9899* alerts for a short term bear turnover and larger selling wave to 9800-9700 and possibly

9636*. Last week’s bounce off 9899*+/- gives a slight bull bias, but a close over 10162* is

needed for a critical upturn to higher prices with an initial target to 10345.

NATURAL GAS ST Trend Sdwys

Obj: 4.636 TRP: 4.321


RESISTANCES 4.487 4.568 4.636*

SUPPORTS 4.397 4.366 4.321*

Comment: The rebound in the back half of last week is twisting short term trend forces up and

hints for climbing moves to 4636*. Be prepared for near term sideways congestion along

4400+/- as trade works to turn trend momentum forces up. Stable action over 4321* will build

for rallies. Only a close under 4321* rekindles bear trend forces.

Commodities | ENERGY


www.sevenstarfx.com

MINI S&P ST Trend Up



RESISTANCES 1865.75 1871.25 1878.50*

SUPPORTS 1856.00* 1840.00 1839.00

Comment: The climbing moves from last week signal a short term upturn and suggests a

drive to 9150- 9200. Trade is poised for rallies, but a minor slip may check support around last

week’s sideways congestion along 9049+/- as trade consolidates gains. Further tight

congestion days should bull flag. A close under 8946* rekindles bear trend forces.

MINI DOW ST Trend Up

Obj: 16760+ TRP: 16163


RESISTANCES 16474* 16574 -

SUPPORTS 16287* 16163* 16112

Comment : Friday’s outside bear reversal from a new high alerts for a short term top. We

may see minor corrective rebounds and congestion in the lower half of Friday’s range. A close

over 16474* is needed to rekindle bull trend forces. A close under 16287* confirms a short

term turnover for selloffs to 16100-. Closes under 16287* and 16163* will encourage a turn to

bear trending trade.

MINI NASDAQ ST Trend Up

Obj: 3531.00 TRP: 3613.25


RESISTANCES 3561.00 3594.50 3613.25*

SUPPORTS 3606.00 3580.00* -

Comment: Friday’s sharp selloff returns the market to bear trending and could lead into a

T Bonds | INDICES


www.sevenstarfx.com

sliding move back through the last major bull wave to reach for support around 345000-. Trade

is poised for selloffs and sustained action under 356100 should promote selloffs. Only a close

over 361325* negates the bear trend alignment.


www.sevenstarfx.com

SOYBEANS ST Trend Sdwys/Up



RESISTANCES 1490.00+ 1516.00 1545.00+/-

SUPPORTS 1458.00 1454.00- 1438.00

Comment: The market remains in a bull drive, but last week’s back off from the expected

target at 1490+ hints for defensive congestion. The formation retains potential, but a close

over 1490 is needed to send a push up around 1545+/-. Another back off from over 1490+

cautions for selloffs. Selloffs should find support along the upper edges of previous

congestion. Only a close under 1438 3/4* negates the breakout signal.

SOYMEAL ST Trend Sdwys/Up

Obj: 497.70 TRP: 463.40

JANUARY FUTURE LEVE1 LEVEL2 LEVEL3

RESISTANCES 485.10 491.50 497.70

SUPPORTS 472.30 469.90 463.40*

Comment: The market is bullish, showing a breakout into new highs and signaling for a

drive to 49770. Trade is positioned for aggressive rallies the next few days. Any corrective

dips should fight to hold within last Monday’s range to maintain the upside breakout signals.

Only a close under 46340* highlights a topping turnover.

SOYBEAN OIL ST Trend Sdwys/Up



RESISTANCES 41.76*+ 42.06* 42.35

SUPPORTS 41.33 40.80* 40.43

Comment: Last Wed-Friday’s reversals from over 4206*+ alerts for a stalled recovery and

suggests a shift into defensive congestion trade for the coming week. A close under 4080* could

Commodities | GRAINS


www.sevenstarfx.com

send a drop to again test 4016* weekly support. A close over 4176* will boost trade to challenge

4206* resistance again and attempt sustained advances.


www.sevenstarfx.com

WHEAT ST Trend Down

Obj: 658.00 TRP: 699.00

MARCH FUTURE LEVEL1 LEVEL2 LEVEL3

RESISTANCES 672.00 677.00 699.00*

SUPPORTS 661.00 658.00 647.00

Comment : The market is short term bearish with Friday’s break dropping just shy of the 658

1/2 target. Be ready for follow through selloffs, but suspect another stall around 658 1/2+/-.

Friday’s bounce may already have started a near term turn for corrections into this week. A

push over 677 1/2 could boost retracements to 690-699*. A close under 658 1/2 warns for a

larger unfolding selloff to 640-.

CORN ST Trend Down

Obj: 515.00+ TRP: 489.50


RESISTANCES 504.00 506.00 515.00+

SUPPORTS 494.00 489.00 -

Comment: Last week’s rallies still indicate an upside breakout over recent sideways flagging

congestion and creates potential for a significant bull wave to 515+. Corrective setbacks mid last

week tested against previous flagging levels and held which maintains the bull posture. A surge

over 507 1/2 will likely spark rallies. A close under 489 1/2* signals a reversing turn to the

downside.


www.sevenstarfx.com

SUGAR ST Trend Down



RESISTANCES 17.47 17.50 17.60*

SUPPORTS 17.04 16.80 16.49-

Comment: Last week’s drop off signals a short term bear reversal with a chance for sustained

choppy declines to 1650. Trade is poised for selloffs, but modest recovery / congestion late

last week could prompt sideways higher consolidation inside last Tuesday’s downturn for a

bear flag setup today-Tuesday. Only a close over 1760* rekindles bull trend forces.

COFFEE ST Trend Sdwys/Up



RESISTANCES 187.70 193.05* -

SUPPORTS 180.40 177.75 174.55*

Comment : Overall the market remains in a bear trend, but Friday’s punch over congestion of

the past couple weeks signals for a retracement to test key 19305* resistance. A close over

109305* confirms a reversing upturn into a secondary bull drive against peaking levels over

200+. Be alert for a rejection from 19305* to start secondary selloffs. A close under 17455* is

needed to rekindle bear forces.

COCOA ST Trend Up



RESISTANCES 2987.00* 3006.00 3039.00

SUPPORTS 2930.00 2905.00 2885.00*

Comment: The market is suggesting peaking congestion and could extend a selling wave to

Commodities | SOFTS


www.sevenstarfx.com

2885*. A close under 2885* is bearish. Friday’s recovery stops aggressive peaking action and

hints for choppy sideways trade. Only a close over 2987* rekindles bull trend forces and drives

trade to attack the last swing high.


www.sevenstarfx.com

COTTON ST Trend Down

Obj: 89.64 TRP: 94.86


RESISTANCES 93.06+ 94.86* -

SUPPORTS 91.24 90.45 89.64*

Comment: The market is signaling a negative flip to short term bear trending 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-. The reluctance to penetrate below 9000 last week is

bouncing near term trade and hints for sideways congestion for several days, but a close over

9486* is needed to rekindle bull trend forces.


www.sevenstarfx.com

EURO ST Trend Sdwys/Down

Obj: 1.3666 TRP: 1.3854


RESISTANCES 1.3748 1.3790 1.3803

SUPPORTS 1.3670 1.3666* 1.3608-

Comment : Down sloping trade signals a bear turnover and potential for selloffs to 13666*.

Sustained action under 13700- should drive follow through selloffs against 13666*. Any near

term corrections kept in tight congestion will bear flag. A close over 13854* is needed for a

reversing turn back to higher levels.

B POUND ST Trend Sdwys/Up



RESISTANCES 1.6672* 1.6765 1.6773

SUPPORTS 1.6539* 1.6434 -

Comment: The market shows mostly sideways drifting action, but keeping trade capped

under 16672* keeps the balance of trend forces to the downside. A close below 16539* will

recapture bear trend forces and drive trade to 16434 and could foster a slide to 16350-. A close

over 16672* will trigger a reversing turn back to higher prices, sending trade to attack for a

breakout over previous swing highs.

J YEN ST Trend Down



RESISTANCES 0.9705 0.9714 0.9776*

SUPPORTS 0.9640 0.9598 0.9561-

Comment: The market is bearish, but holding the 9617 target. A close under 9617/9598 is

needed to continue washout declines against the base levels from early this year. Be alert for

Forex | CURRENCIES


www.sevenstarfx.com

near term reactionary rallies today-Tuesday. However, only a close back over 9776* reverses

trade back to the upside.


www.sevenstarfx.com

AUSSIE$ ST Trend Down

Obj: 0.9362 TRP: 0.9096


RESISTANCES 0.9257 0.9362+ -

SUPPORTS 0.9160 0.9130 0.9096*

Comment: The market is in a bull drive and a sustained push over 9257 could spark

continued direct rallies to reach for 9362. Suspect a few corrective days. Corrective dips

should hold 9160-9130 to keep a friendly alignment. Another 1-2 day sideways congestion

will add to the bull flag development from last week. A close under 9096* marks a reversing

turnover.

CANADIAN$ ST Trend Sdwys/Down



RESISTANCES 0.9111 0.9152 0.9188

SUPPORTS 0.9049 0.9008 0.8980

Comment: The climbing moves from last week signal a short term upturn and suggests a

drive to 9150- 9200. Trade is poised for rallies, but a minor slip may check support around last

week’s sideways congestion along 9049+/- as trade consolidates gains. Further tight

congestion days should bull flag. A close under 8946* rekindles bear trend forces.

SWISS FRANC ST Trend Sdwys



RESISTANCES 1.1252 1.1286 1.1385*

SUPPORTS 1.1192 1.1159 1.1155

Comment: The market is bearish. A close under 11219 could add washouts to 11159-, but be

alert for Friday’s reluctance to continue selloffs under 11219- which could prompt modest

reactionary rebounds today-Tuesday. Be ready for resistance around the lower edges of

previous congestion near 11286+.


www.sevenstarfx.com

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.

daily forex technical analysis report – 07 04-2014

Marketing

short term trend

bear trend forces

bull trend forces

gold st trend

silver st trend

bear trend alignment

trend momentum

bear forces