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Daily free technical analysis reports with trade signals.

Reports for
21/05/2015
  • Emini Dow Jones
    21/05/15
    Emini Dow Jones failure to hold above 18,220 risks a test of important trend line support at 18,190/180. Outlook is more negative so longs need stops below 18,140. Be ready to go with a break lower using 18,180 as resistance to target 18,105/100 then support at 18,065/055. Try longs with stops below 18,020. Above 18,225 keeps bulls in control for a test of first resistance at the new all time high of 18,324/334. However we must beat resistance at 18,350/360 to clear a path to the next target of 18,410/420 today. This new leg up in the bull trend is likely to be a slow grind rather than a burst higher, but if we continue higher this week look for 18,470/480.
  • E Mini Nasdaq
    21/05/15
    Emini Nasdaq key to direction is first support at 4486/4481. Bulls must defend this area to remain in control again today. Longs need stops below 4472. A break lower however is more negative & a short term sell signal, with 4485 acting as resistance to target good support at 4460/56. A bounce from here expected on the first test at least but longs need stops below 4445. Minor resistance at 4499/98 but above here keeps bulls in control for a recovery to 4407/10. Above here we could targets 4417/18 then 4426 before resistance at 4531/36. A break above here required then to retest the all important resistance at March highs of 4555 this week.
  • S&P
    21/05/15
    Emini S&P price action was quite negative again yesterday increasing risks to the downside in to the end of the week. Holding below 2121 retests good support at 2116/15 & longs need tight stops below 2112. Be ready to go with a break lower using 2115/16 as resistance to target next support at 2106/05. A good chance of a low for the day but longs need stops below 2100. Just be aware that a break lower sees 2104/05 act as resistance to target next support at 2096/95 & an excellent buying opportunity today. Minor resistance at 2121 but above here targets 2 mnth trend line resistance at 2128/30. Of course a break above the new all time high at 2134 is required for bulls to retain control. A new bull leg higher is likely to be a slow grind but if we continue higher today look for 2139/40. Any further gains this week target 2144 then 2147/48.
  • Bund
    21/05/15
    Bund has 200 day moving average resistance at 154.25/30 & we must hold above here to make any gains in to the end of the week. Next resistance at 154.45/50 again today then strong resistance at 154.85/154.95. Try shorts with stops above 155.25. A break higher to target 155.40/45 then 155.80/85 & perhaps as far as resistance at 156.05/15. Try shorts with a wide stop above 156.35. First support at 153.60/50 but longs need stops below 153.30 to target minor support at 153.10/05. If we continue lower look for better support at 152.75/65 but below here risks a retest of last week's lows at 152.01/97. A break lower this week tests May lows at 151.50/45 but below here meets more important support at 151.10/00 - the 23.6% Fibonacci support from the 4 year rally in April 2011 at 119.86.
  • USDJPY
    21/05/15
    USDJPY overbought short term so a small correction is possible today but should offer buying opportunities. Minor support at 121.10/05 but below here good support at 120.85/80 could hold the downside. However longs need stops below 120.65. A break lower sees 120.80/85 act as resistance to target a buying opportunity at 120.50/45. Holding minor support at 121.10/05 keeps bulls in control to target 121.38 then 121.47. Minor resistance at 121.52/62 but a break above 121.70 could then target March highs at 122.00/02.
Reports for
20/05/2015
  • Emini Dow Jones
    20/05/15
    Emini Dow Jones failure to get back above 18,300 risks a slide to first support at 18,225/220. Bulls must hold on here to remain in control. Be ready to go with a break lower however to target the next more important support at 18,180/170 & a good chance of a low for the day. Try longs with stops below 18,140. First resistance at the new all time high of 18,334. However we must beat resistance at 18,350/360 to target 18,410/420 today. This new leg up in the bull trend is likely to be a slow grind rather than a burst higher, but if we continue higher this week look for 18,470/480.
  • E Mini Nasdaq
    20/05/15
    Emini Nasdaq risks of profit taking in to the end of the week have increased & we must watch first support at 4499/98. Be ready to go with a break lower to target 4483/4480. Bulls must defend this area to remain in control. Longs need stops below 4470. A break lower however is more negative & sees 4480 act as resistance to target 4465/63 & perhaps as far as good support at 4456/52. Buy with stops on a move below 4440. Holding first support at 4499/98 keeps bulls in control for a recovery to 4415/17. Above here we could retest yesterday's high at 4426. Above here negates the negative signal yesterday, but we must beat 4531/36 for a test of the all important resistance at March highs of 4555 this week.
  • S&P
    20/05/15
    Emini S&P price action was quite negative yesterday. Failure to hold above 2 month trend line resistance & the lower close leaves risks to the downside in to the end of the week. Minor support at 2121 but below here good support at 2116/15 is key to direction. Try longs with stops below 2112. Be ready to go with a break lower using 2115/16 as resistance to target next support at 2106/05. Longs need stops below 2100. Bulls must hold first support at 2121 to remain in control. A push higher targets 2128/30 then a retest of the new all time high at 2134. This new bull leg higher is likely to be a slow grind but above here if we continue higher today look for 2139/40. Any further gains this week target 2144 then 2147/48.
  • AUDUSD
    20/05/15
    AUDUSD under pressure with 4 week trend line resistance at 7920 today. Failure to beat this level & a break below 7900 keeps the pressure on for 7875/70 then good support at 7860/50. This is the best chance of a low for the day. Try longs with stops below 7825. Be ready to go with a break lower however to target 7800 & perhaps as far as support at 7785/80. A recovery to unwind short term oversold conditions should target 7940. We should struggle here but if we manage a push higher look for strong resistance at 7960/65. Try shorts with stops above 7985. A break higher however sees 7965/60 work as support to target resistance at 8000/8005. Try shorts with stops above 8025.
  • USDJPY
    20/05/15
    USDJPY could see a break above April highs at 120.80/84 today to target 121.00/05 then 121.20. If we continue higher this week look for 121.52/62. A break above 121.70 could then target March highs at 122.00/02. First support at 120.60/55 but below here look for a test of trend line support at 120.30/25. Try longs with stops below 120.05.
  • GBPUSD
    20/05/15
    GBPUSD severely oversold short term so a small recovery possible, but strong resistance at 1.5530/35 should be a tough challenge. A break above is less negative & could trigger a move towards 1.5580/85. A high for the day very possible here but if we manage to continue higher look for a selling opportunity at 1.5635/40. A break below support at 1.5455/45 targets 1.5395/90 then support in the 1.5355/40 area. Try longs with stops below 1.5320.
  • Gold
    20/05/15
    Gold first support at 1205/04 of course as we become oversold short term. If we can hold on here look for a recovery to 1211/12 for some profit taking on longs. We should struggle here & could turn lower but if we continue higher look for a selling opportunity at 1216/17. Shorts need stops above 1221 to target resistance at 1224/25. Be ready to go with a break below 1203 however to target 1200/1199. Watch for a bounce from here on the first test at least, perhaps as far as resistance at 1204/05, but if we continue lower look for a test of good support at 1194/93. A good chance of a low for the day but longs need stops below 1190.
  • Corn CME
    20/05/15
    Corn outlook now negative as we resume the bear trend. be ready to go with a break below 361 to retest last week's lows at 357 then May lows at 356/355. Obviously a break below here this week adds pressure to target 353, 351 & October lows at 347. First resistance at 363/364 could hold a move higher today but above here a selling opportunity at 367/368. An unexpected break higher however targets resistance at 371/372. Only a close above 368 is more positive for this week but a break higher today meets quite strong resistance at 374/375. Try shorts with stops above 377. An unexpected break higher targets tough resistance at 379/380.
  • Soybeans CME
    20/05/15
    Soybeans severely oversold but with bears clearly in control in the longer term be ready to go with a break below first support at 942/941 for a test of contract lows & support at 936/935. A break below here this week however keeps the pressure on to target 931/930. First resistance at April lows of 949/950 but above here is actually more positive. We are severely oversold so a correction higher today is not out of the question, despite yesterday's breakout to the downside. However the main challenge for bulls is resistance at 953/954. A high for the day very possible here but shorts need stops above 956. Be ready to go with a break higher to target strong resistance at 960/961.
  • Wheat CME
    20/05/15
    Wheat held good short term support at 504/503 perfectly yesterday. We did not quite make it back to the 513/514 level but this is first resistance today. Try shorts with stops above 516. A break higher however meets the next selling opportunity at 519/520. Try shorts with stops above 523. Unexpectedly holding above 520 would be more positive with a break above yesterday's high at 525 to retest this week's high at 530/531. First support at 504/503 again today of course but any longs need stops below 501. Be ready to go with a break lower in the negative trend to target 496/495. If we continue lower this week look for 491 then a short term buying opportunity at 488/487. A bounce from here is expected but longs need stops below 485.
Reports for
19/05/2015
  • Emini Dow Jones
    19/05/15
    Emini Dow Jones must now hold above 18,270 & beat the new all time high at 18,291 to target 18,350/360 then 18,410/420. This new leg up in the bull trend is likely to be a slow grind rather than a burst higher, but if we continue higher this week look for 18,470/480. Failure to hold above 18,270 risks a slide to support at 18,180/170. Try longs with stops below 18,150.
  • E Mini Nasdaq
    19/05/15
    Emini Nasdaq must now hold above 4503/08 to maintain gains with a break above 4517/18 to target 4531/36 then all important resistance at March highs of 4555 this week. First support at 4506/03 but below here risks a slide to 4494/92. If we continue lower look for a buying opportunity at 4470/65 with stops below 4455.
  • S&P
    19/05/15
    Emini S&P new all time high at 2128.75 then resistance at 2132/33 today. This new bull leg higher is likely to be a slow grind but above here if we continue higher today look for 2139/40. Any further gains this week target 2144 then 2147/48. First support at 2120/19 but below here a buying opportunity at 2114/13. Longs need stops below 2109 to target support at 2106/05.
Reports for
14/05/2015
  • Bund
    14/05/15
    Bund outlook negative & holding below 152.30/20 keeps the pressure on to target support & last week's low at 151.50/45. A break lower in the bear trend however meets more important support at 151.10/00 - the 23.6% Fibonacci support from the 4 year rally in April 2011 at 119.86. In this volatile bear trend a break lower cannot be ruled out & targets 150.45/40. Above 152.30/20 could trigger a recovery to tough resistance at 152.80/70. A break higher meets minor resistance at 153.20/30 then strong resistance at 153.50/60. Try shorts with stops above 153.80. A break higher however re-targets the 200 day moving average at 154.10/20. If we continue higher today look for strong resistance at 154.90/155.00. Shorts need stops above 155.30 to target 155.40/45 then 155.80/85 & perhaps as far as resistance at 156.05/15. Try shorts with a wide stop above 156.35.
  • WTI Crude
    14/05/15
    WTI Crude key to direction is our buying opportunity at 5970/5960. Try longs with stops below 5935. Be ready to go with a break lower however using 5960/70 as resistance to target 5880 then 5850 & Friday's low at 5814. Failure here however risks a test of strong support at 5790/5780. Try longs with a stop below 5745. A break lower however is a sell signal and targets 5705/00 then 5665 and perhaps as far as minor support at 5635/5630. Holding strong support at 5970/5960 triggers a recovery to 6000, 6030/40 & perhaps as far as 6075/80 for at least some profit taking on longs. If we continue higher look for resistance at 6130/6140 but above here could retest yesterdays high at 6180/85. Be ready to go with a break higher to target 6205/10 then last week's high at 6258. A break higher this week targets 6305/10 & perhaps as far as 6370/75.
  • Gold
    14/05/15
    Gold made it as far as the 200 day moving average at 1218/1219. This is the big challenge for bulls today but if it can be beaten we should then target Fibonacci resistance & April highs at 1224/1225. This is a greater challenge with a high for the day very possible, as we become overbought in the short-term. It could be worth trying shorts with a stop above 1228. However, a break higher is seen as a buy signal to target 1233/1234 then 1236/1237. A push through here keeps Bulls in control to target strong resistance at 1243/1245. Failure to beat the 200 dma at 1218/1219 triggers a move to first support at 1210/1209. This must hold the downside if bulls are to build on strong two days gains. Failure here however targets the next support at 1205/1204. This is the last chance for bulls. Try longs a stop below 1200. A break lower however then target support at 1195/1294.
  • E Mini Nasdaq
    14/05/15
    Emini Nasdaq same levels apply for today with first resistance at 4444/4445. Above here retests this week's high at 4462/64 then resistance at 4470/4475. Shorts need stops above 4481 & on a break higher look for 4503/08. Any further gains this week target 4531/36 then March highs at 4555. First support at 4420/15 but below here targets 4401/4397 & a buying opportunity at 4380/75. Longs need stops below 4365. A break lower however adds pressure to target good support at 4345/40. Longs need stops below last week's low & 100 day moving average support at 4336/4333.
  • Dax
    14/05/15
    Dax remains in a 4 week bear trend with first resistance at 11,390/400 but above here targets 11,470/475. We should struggle here this morning but further gains meet a selling opportunity at 11,520/525. Try shorts with stops above 11,550. A break higher however then targets 11,570/575, perhaps as far as resistance at 11,610/620. Try shorts with stops above 11,650. A break higher however could retest this week's high at 11,725/730. Try shorts with stops above 11,760. Failure to beat resistance at 11,390/400 retests support at 11,300/295. From here down to Fibonacci support at 11,264/254 is very important again this week. Failure here however sees a retest of last week's low at 11,178. A break below would adds pressure of course to test 100 day moving average support at 11,115.
  • Ftse
    14/05/15
    FTSE June same levels apply for today & we must hold above 6880/90 to remain in a sideways trend & re-target resistance at 6925/30. Be ready to go with a break above here for resistance at 6965/70. Try shorts again with stops above 6980. A break higher however targets 7010/20. First support at 6890/80 is key. A break lower is a sell signal & targets 6856/50. If we continue lower look for 6837/32 then 6810/05. Further losses retest the 100 day moving average at 6785/80. The 100dma held the downside perfectly last week but a break of last week's low at 6777.5 today targets important longer term Fibonacci support at 6758/56.
  • Eurostoxx
    14/05/15
    EuroStoxx in a 4 week bear trend with first resistance at 3545/50. Try shorts with stops above 3560. A break higher however re-targets resistance at 3582/85 but any further gains meet a selling opportunity at 3616/20. Try shorts with stops above 3630. First support at 3515/10 & longs need stops below 3495. Be ready to go with a break lower to target 3480/77 & perhaps as far as 100 day moving average support at 3460/55. The 100dma held the downside last week as we bottomed at 3441. A break below here therefore is an added sell signal & targets 3431/27 then 3418/15.
  • Wheat CME
    14/05/15
    Wheat same levels apply for today with first resistance at 483/484 but above here strong resistance at 491/492 is a selling opportunity. Try shorts with stops above 494. An unexpected break higher however then targets resistance at 501/502. Failure to beat 483/484 should trigger a move lower towards first support at 480 then 476/475. If we continue lower look for a retest of 472. Less chance this will hold the downside today however & a break below triggers a move back to 467/466 then 464 & perhaps as far as support at April 460/459 lows. A break lower cannot be ruled out & could target 455/454.
  • Soybeans CME
    14/05/15
    Soybeans first resistance at 964/965 could hold a move higher but above here a selling opportunity at 970/971. Shorts need stops above 975 today to target resistance at 979/980. Failure to beat first resistance at 964/965 could trigger a retest of first support at 955/954. Further today losses risk a retest of April lows at 950/949. Obviously a break below adds pressure to target 942/941 then contact lows at 936/935.
  • Corn CME
    14/05/15
    Corn first support at 361/360 but below here retests 2 day lows at 357. Further losses risk a retest of support at last week's low of 355/354. If this does not hold the downside this week look for 351/350 before a retest of contract lows at 348/347. A close below triggers further selling pressure this week. First resistance at 363/364 again today but above here look for a selling opportunity at 366/367. Try shorts with stops above 370. A break higher however is a short term buy signal & targets resistance at 374/375.
Reports for
13/05/2015
  • Gold
    13/05/15
    Gold same levels apply for today & above 1193 opens the door to a selling opportunity at 1198/99. Try shorts with stops above 1201. A break higher however targets strong resistance at 1205/06. Try shorts with stops above the 100 day moving average at 1210. First support at 1188/87 but below here retests support at 1181/80. Again longs need stops below 1177 to target support at 1174/73. Longs here need stops below 1170. A breakout to the downside this week could accelerate losses & target 1167/66 then 1160. If we continue lower look for 1156/55 then 1151.
  • Soybeans CME
    13/05/15
    Soybeans first resistance at 964/965 could hold a move higher but above here a selling opportunity at 970/971. Shorts need stops above 975 today to target resistance at 979/980. Failure to beat first resistance at 964/965 could trigger a retest of first support at 955/954. Further today losses risk a retest of April lows at 950/949. Obviously a break below adds pressure to target 942/941 then contact lows at 936/935.
  • Wheat CME
    13/05/15
    Wheat first resistance at 483/484 but above here strong resistance at 491/492 is a selling opportunity again, with stops above 494. An unexpected break higher however then targets resistance at 501/502. Below 483 is less positive & risks a slide to first support at 480. If we continue lower look for support at 476 which could hold the downside but below here a buying opportunity at 472. A low for the day certainly possible but below here keeps market under pressure triggering a move back to 467/466 then 464 & perhaps as far as support at April 460/459 lows. A break lower cannot be ruled out & could target 455/454.
  • Corn CME
    13/05/15
    Corn outlook negative & below 360/359 risks a retest of support at last week's low of 355/354. If this does not hold the downside this week look for 351/350 before a retest of contract lows at 348/347. A close below triggers further selling pressure this week. First resistance at 364 again today but above here look for a selling opportunity at 368/369. Try shorts with stops above 5 week trend line resistance at 371. A break higher however is a buy signal & targets resistance at 374/375 perhaps later in the week & maybe make it as far as 380/381 for a selling opportunity.
  • Eurostoxx
    13/05/15
    EuroStoxx in a 4 week bear trend with first resistance at 3550/55. Above 3560 however could target resistance at 3582/85 but any further gains meet a selling opportunity at 3616/20. Try shorts with stops above 3630. Failure to beat first resistance at 3550/55 should trigger a move lower towards 3529/25. Below here risks a retest of good support at 3515/10. However longs need stops below 3595. Be ready to go with a break lower to target 3480/77. Failure here risks a slide to 100 day moving average support at 3460/55. The 100dma held the downside last week as we bottomed at 3441. A break below here therefore is a sell signal & targets 3431/27 then 3418/15.
  • Dax
    13/05/15
    Dax in a 4 week bear trend with strong short term resistance at 11,515/525. Try shorts with stops above 11,555. A break higher however then targets 11,565/570 & resistance at 11,605/610. Try shorts with stops above 11,650. A break higher however could retest this week's high at 11,725/730. Try shorts with stops above 11,770. Failure to beat resistance at 11,515/525 should trigger a move lower towards minor support at 11,470/460, perhaps as far as strong support at 11400/390. Longs need stops below 11,360 to target 11,300/295. If we continue lower look for important Fibonacci support at 11,264/254. Failure here however sees a retest of last week's low at 11,178. A break below would adds pressure of course to test 100 day moving average support at 11,100/090.
  • Ftse
    13/05/15
    FTSE June must hold above 6895 to sustain a recovery & target resistance at 6925/30. Be ready to go with a break above here to target resistance at 6965/70. Try shorts with stops above 6980. A break higher however targets 7010/20. Below 6895 keeps the pressure on for a retest of 6856/50. A break lower adds pressure to target 6837/32 then 6810/05. If we continue lower look for a retest of the 100 day moving average at 6785/80. The 100dma held the downside perfectly last week but a break below last week's low at 6777.5 targets important longer term Fibonacci support at 6758/56.
  • EURUSD
    13/05/15
    EURUSD first support at 1.1190/80 but the outlook is more negative & a break below here risks a slide to support at 1.1135/25. This has held the downside both days so far this week, but a break lower today is a sell signal & targets strong support at 1.1070/60. A good chance of a low for the day here but longs need stops below 1.1040. A break lower however targets trend line support at 1.1010/1000. Holding above 1.1220/25 may trigger a retest of resistance at 1.1265/70. Try shorts here again with stops above 1.1290. A sustained break above 1.1270 however could see a push up to 1.1315/20 & perhaps as far as strong longer term resistance at 1.1380/90. Sell with stops on a move above 1.1420.
  • GBPUSD
    13/05/15
    GBPUSD must now hold above 1.5665/70 to retest 1.5710/15. Although overbought we should not argue with the bulls so be ready to go with a break higher for 1.5746/56 & perhaps as far as December highs at 1.5785. Further gains this week run in to strong resistance at 1.5825/35. Strong 200 day moving average support at 1.5620/30 now & we must hold above here to build on the strong rally. Try longs with stops below 1.5590. A break lower however is less positive risks a slide to 1.5555. If we continue lower look for 1.5525/20 then support at 1.5499/95.
  • WTI Crude
    13/05/15
    WTI Crude is trending sideways now & failure to hold above 6130/10 risks a slide to 6080/75. If we continue lower look for 6040/30 then 6000. Any further losses meet a buying opportunity at 5970/5960. Try longs with stops below 5935. Just be aware that a break targets 5880 then 5850 & Friday's low at 5814. Be ready to go with a break lower to target strong support at 5790/5780. Try longs with a stop below 5745. A break lower however is a sell signal and targets 5705/00 then 5665 and perhaps as far as minor support at 5635/5630. Above 6110/6130 is more positive & could retest todays high so far at 6180/85. Be ready to go with a break higher to target 6205/10 then last week's high at 6258. We should struggle here but be ready to go with a break higher to target 6305/10 & perhaps as far as 6370/75.