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Daily free technical analysis reports with trade signals.

Reports for
21/04/2015
  • E Mini Nasdaq
    21/04/15
    Emini Nasdaq must hold above 4410 to maintain gains & target 4429/30. We could continue higher to retest last week's high & trend line resistance at 4440/4443. A high for the day possible but shorts need stops above 4455. A break higher targets 4462/67 then the 4483 highs. Below 4400 however is more negative & risks a slide to support at 4375/74. Longs need stops below 4360 to target 4355/52. If we continue lower look for a buying opportunity at 4335/32.
  • Emini Dow Jones
    21/04/15
    Emini Dow Jones must hold above 17,930 today to retest 18,000/016. If we continue higher a retest of last week's high & short term trend line resistance at 18,080/090 could be seen. Watch for a high for the day but shorts need stops above 18,125. Be ready to go with a break hi for 18,155 then 18,210/220 before all time high at 18,270. Failure to hold above first support at 17,930 risks a slide to 17,895/885. If this does not hold the downside look for a buying opportunity at 17,830. Longs need stops below 17,800 to target good support at 17,770/760.
  • S&P
    21/04/15
    Emini S&P must hold above 2089/90 to build on gains re-target 2100/2102. Exit longs & try shorts up to last week's high at 2105 but our shorts need a stop above 2108. A break and close above here is positive and should see bulls push on towards all-time highs at 2116/2118. Failure to hold above 2089 risks a slide to 2080. Try longs with stops below 2075. A break below 2072 keeps the market under pressure for a buying opportunity at 2065/2063. Longs need a stop below 100 day moving average at 2060. A break lower however is much more negative and sees 2063/2065 act as resistance for a test of two and half month trendline support at 2053/2052.
Reports for
20/04/2015
  • Dax
    20/04/15
    Dax June trend line support at late March lows at 11,650 is key to direction. A break lower would be an added negative signal & could see us quickly target 11,610/605. Risky trying longs here & would require stops below 11,580. If we continue lower look for first support at 11,520/510. Exit shorts & try longs down to 11,465. A low for the day correction could be seen here. However longs need wide stops as this is such an important level, below 11,400. If we manage to hold Friday's low look for a recovery to 11,705 then 11,730 before resistance at 11,770/775. Try shorts with a stop above 11,800. A break higher however meets stronger resistance at 11,835/845. Try shorts with a stop above 11,880. A break higher targets 11,895/900 then strong resistance at 11,950/960 for the next selling opportunity with a stop above 11,990.
  • Emini Dow Jones
    20/04/15
    Emini Dow Jones must beat 17,830 to target resistance at 17,870/880. If we continue higher look for selling opportunity at 17,930/940. A high for the day is possible here but shorts need a stop above 17,970. A break higher is more positive and sees 17,940/930 work as support to target 18,000. If we continue higher a retest of last week's high at 18,080/090 could be seen. Failure to hold above 17,830 target 17,817/812. Below here look for good support at 17,770/760. This is good support today and a chance this will hold the downside, as we become oversold in the short-term. however, a break lower risks a retest of Friday's low at 17,685/665. Just below here we meet 2 1/2 month trendline support at 17,640. Longs in this area need a stop below 17,600.a break below here is much more negative this week and can target 17,550/540 before March/April lows at 17,475/17,465.
  • E Mini Nasdaq
    20/04/15
    Emini Nasdaq oversold short term now but must hold above 4357/4350 for a recovery to target 4364/4365 then first resistance at 4374/4376. This is the main challenge for bulls today but shorts need stops above 4390. A break higher could then target strong trend line resistance at 4403/4306. Below 4350 is more negative for today and risks a retest of first support at 4330/4325. A good chance this will hold the downside but a break lower targets trendline and 100 day moving average support at 4308/4303. This is a very important level today. Try longs with a stop below 4285. A break and close below 4300 however is much more negative for this week and is likely to retest a lows at 4265/60.
  • S&P
    20/04/15
    Emini S&P higher this morning but must hold above 2080 to keep the recovery going and beat 2084 to test first resistance at 2089/90. It could be worth trying shorts with a stop above 2093 but be ready to go with a break higher using 2090 support to target 2100/2102. Exit longs & try shorts up to last week's high at 2105 but our shorts need a stop above 2108. A break and close above here is positive and should see bulls push on towards all-time highs at 2116/2118. Failure to hold above 2080 targets 2076/2075 then support at 2073/2072. If this does not hold the downside look for a buying opportunity at 2065/2063. Longs need a stop below 100 day moving average at 2060. A break lower however is much more negative and sees 2063/2065 act as resistance for a test of two and half month trendline support at 2053/2052.
  • Ftse
    20/04/15
    FTSE June support at 6930/25 is key to direction today. A break lower not out of the question to target possibly the strongest support of the week at 6885/6880. Should be worth trying longs here, but being such a major level we need quite wide stops below 6860. A break lower however is a sell signal and sees 6680 act as resistance to target 6835. A good chance this will hold the downside today but a break lower cannot be ruled out & could target 6800/6795. Holding support at 6930/25 triggers a recovery to 6960/65 then quite strong resistance at 6985/6990. A good chance of a high for the day, which shorts need a stop above 7005 to target 7021/25. If we continue higher we may make it as far 7045/49. If trying shorts use a stop above Friday's high at 7057.
Reports for
17/04/2015
  • Emini Dow Jones
    17/04/15
    Emini Dow Jones must hold above 18,000 to re-target first resistance at 18,080/090. Try shorts with stops above 18,125. However outlook is more positive so be ready to go with a break higher using 18,080/090 as support to target 18,160. If we continue higher look for trend line resistance at 18,210/220 to hold a move higher at this stage. Failure to hold above 18,000 risks a slide to strong support at 17,960/950. A good chance of a low for the day once again so try longs with stops below 17,910. A break lower is more negative however & could target good support at 17,875/865.
  • E Mini Nasdaq
    17/04/15
    Emini Nasdaq faces resistance at 2 day highs of 4429/30. We should struggle here again today but if we manage a break higher look for strong trend line resistance at 4441/45. This is a big challenge for bulls & could still mark a high for the week, as stated on Monday. Just be aware that on a break higher we meet longer term trend line resistance at 4460/65. Only a break above here opens the door to a test of March highs at 4483. Holding below 4415/14 is more negative & risks a slide to good support at 4400/4397. This must hold the downside or the outlook is more negative. Be ready to go with a break lower therefore to targets 4385/84. If we continue lower look for good support at 4375/72. Try longs with stops below 4366. Just be aware that a break lower targets 4354/51.
  • Ftse
    17/04/15
    FTSE June negative candle formation yesterday is a warning to bulls. Failure to hold above 7002 targets support at 6988/85. This could hold the downside initially but longs need stops below 6975. Be ready to go with a break lower using 6988/85 as resistance to target 6955 & perhaps as far as support at 6930/25. A good chance of a low for the day but longs need stops below 6910. First resistance at 7030/35 with a break above 7050 required for a retest of 7080/85. If we make it this far, further gains look unlikely but above here could target 7100/02. We are battling overbought conditions but a break above 7110 could target 7130 then 7150.
  • Dax
    17/04/15
    Dax June strong support at 12,000/11,990 is key to direction & we could try longs again with stops below 11,955. A break below (& a gap open below this morning!!) however is more negative & targets 11,930/925. If we continue lower look for 11,830/825 & 11,785 before good support at 11,730/725. A low for the day expected, try longs with stops below 11,680. Just be aware that a break below late March lows at 11,650 would be an added negative signal and could see us quickly target 11,610/605. A good chance of a recovery from strong support at 12,000/11,990 to target 12,060/12,065 with a push through here to reach resistance at 12,095/105. It could be worth trying shorts here with a stop above 12,140 but on a break higher look for the next target and resistance at 12,165/175. A good chance of a high for the day to try shorts with a stop above 12,200. A break above 12,220 would be required for a more positive outlook. We can then target resistance at 12,260/270.
  • S&P
    17/04/15
    Emini S&P must hold above 2098/2097 to keep the short term outlook positive but a break above 2107/08 is needed for confirmation & should then target 2114 before the all time high at 2117.75. Obviously this is the most important resistance of the week now. Failure to hold above 2097 is more negative & risks a retest of support at 2090/89. This will have less strength than yesterday so be careful & longs need stops below 2085. Be ready to go with a break lower to target strong support at 2080/78. This should hold the downside at this stage but below here meets a buying opportunity at 2072/71.
Reports for
16/04/2015
  • AUDUSD
    16/04/15
    AUDUSD has tested strong resistance at 7777/7782 & held below the 100 month moving average at 7800/05. We are overbought & could turn lower to first support at 7740/35. A break below 7725 could then see a slide to 7705/00. This could hold the downside but longs need stops below 7675. Be ready to go with a break lower using 7700 as resistance to target strong support at 7650/45. Be ready to go with a break above 7810 to target strong longer term resistance at 7822/7828. A good chance of a high for the day and even for the week. Try shorts with a stop above 7845.
  • Wheat CME
    16/04/15
    Wheat outlook still remains negative despite being oversold short term. Be ready to go with a break below 490/489 to target 486/485 & perhaps as far as 483. Any further losses risks a retest of of March lows at 479/478 which will be the most important support for this week & too risky to run shorts any further at this stage. First resistance at 495 but above here targets 498/499. Gains should be limited but if we continue higher look for a selling opportunity at 502/503 with a stop above 505. An unexpected break higher however could target strong resistance at 508/509 for a selling opportunity with a stop above 511.
  • Soybeans CME
    16/04/15
    Soybeans must now hold above 966/967 to continue higher today & re-target 972/973. A break above 377 however meets strong resistance at 980/981 & a selling opportunity. Shorts need stops above above longer term trend line resistance at 984. Only a break & close above 984 keeps the bulls in control this week & targets the 990/992 resistance area. First support at 966/967 but longs need stops below 964. A break lower risks a slide to support at 957/956. A good chance of a low for the day but longs need stops below 954.
  • Corn CME
    16/04/15
    Corn must now tackle resistance at 376/77 to test strong resistance at 380/381 for a selling opportunity. Shorts need stops above 382. A break higher not out of the question today however & targets the next resistance at 384/385. If we continue higher look for a selling opportunity at 387/388. Failure to beat 376/377 keeps the short term outlook negative & re-targets 373. If we continue lower look for a retest of 3 day lows at 371/370. A good chance this will hold the downside again today in oversold conditions but below here meets good support at March lows at 367. This is of course the most important support for the week but longs need stops below 365. However be ready to go with a break lower in the longer term bear trend to target 364 then 360 & perhaps as far as 356.
Reports for
15/04/2015
  • Gold
    15/04/15
    Gold outlook remains negative & failure to beat 1193/94 triggers a move towards support at 1184/83. We should hold here initially at least but with the outlook quite negative be ready to go with a break below 1179 to target good support at 1174/73. Try longs with stops below 1170. First resistance at 1198/99 is a selling opportunity with stops above 1201. On a break higher we meet resistance at 1204/05. Further gains are unlikely but shorts need stops above 1208.
  • AUDUSD
    15/04/15
    AUDUSD outlook neutral/negative with first resistance at 7622/25 & still worth trying shorts with stops above 7640. If we are to make gains today we must hold above 7645 to target 7666 perhaps as far as strong resistance at 7680/85. Try shorts with stops above 7710. Failure to beat first resistance at 7622/25 should trigger a move lower to 7595/90 then 7577 & perhaps as far as 7558/50. Last week's low at 7530 is then important. Obviously a break below here is more negative & indicates the start of the next leg lower to target 7500 initially then 7440/35.
  • EURUSD
    15/04/15
    EURUSD must hold above 1.0640/45 if we are to maintain gains & target first resistance at 1.0660/65. Be ready to go with a break higher for a selling opportunity at 1.0710/15, with stops above 1.0735. An unexpected break higher however sees 1.0710/15 work as support to target 1.0745/50. Failure to beat first resistance at 1.0640/45 risks a slide to 1.0605/10. If we continue lower look for 1.0590 & perhaps as far as 1.0560. Further losses risks a retest of 1.0530/20. Although oversold the bear trend dominates so be ready to go with a break lower this week to target 1.0495 then March lows & important support at 1.0460/56. It is always risky buying in to longs in such a trend but being oversold, it may be worth trying small longs with stops below 1.0435.
  • WTI Crude
    15/04/15
    WTI Crude strong resistance at 5400/10 is a great challenge for bulls today. We are overbought short term & it could be worth trying shorts with stops above 5440. Only a close above here keeps the outlook positive & in fact a close above 5420 is seen as a buy signal to target 5450 then 5505/10 & 5575. Risks of profit taking are higher today & below 5340 could trigger a move towards first support at 5300/5290. If we continue lower look for good support at 5240/30. Try longs with stops below 5200. On a break lower the last line of defence for bulls is 5160/50. We must see a bounce from here or the outlook turns more negative.
  • USDJPY
    15/04/15
    USDJPY has pushed higher again as I write, but we run into quite strong resistance at 119.70/75. It could be worth trying shorts here with a stop above 119.95. On a break higher however, look for the next target & resistance at 120.15/20. Try shorts with a stop above 120.40. An unexpected break higher then runs into strong resistance at 120.55/60. Failure to beat quite strong resistance at 119.70/75 triggers a dip back to 119.50/45 and perhaps far as 100 day moving average support at 119.30/25. If this does not hold the downside today, look for better support at 118.95/90. A good chance of a low for the day and worth trying longs with a stop below 119.70.
  • Wheat CME
    15/04/15
    Wheat outlook remains negative despite being oversold short term & holding below 498 targets 493, perhaps as far as 490/489. If we continue lower today look for 486/485 & any further losses this week risk 483. First resistance at 497/498 but above here look for selling opportunity at 501/502 with a stop above 504. An unexpected break higher however could target 507/508 for a selling opportunity with a stop above 510.
  • Soybeans CME
    15/04/15
    Soybeans making a break above 961/962 & this must be sustained to build on gains & target strong resistance at 966/967. A high for the day expected here. Sell with stops on a move above 969. Be ready to go with an unexpected break higher however to target 972/973. We should be overbought short term at this stage so further gains unlikely but if we do see a break higher look for very strong resistance at 980/981 & a selling opportunity this week. Failure to hold above 961 risks a slide to 958 but if this does not hold the downside look for a buying opportunity at 956/955. Longs need stops below 953 but if we continue lower look for the next buying opportunity at 948.
  • Corn CME
    15/04/15
    Corn same levels apply for today & first resistance at 375 is still a big obstacle but we could reach as far as 379/380 for a selling opportunity. Shorts need stops above 381. An unexpected break higher targets the next resistance at 384. Failure to beat 375/374 keeps the short term outlook negative & re-targets 371/370. This could hold the downside again today but below here meets good support at March lows at 367. This is of course the most important support for the week. We are getting oversold so a bounce from here is certainly possible & should be worth trying longs with stops below 365. However be ready to go with a break lower in the longer term bear trend to target 364 then 360 & perhaps as far as 356 this week.