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Daily free technical analysis reports with trade signals.

Reports for
13/01/2017
  • AUDUSD
    13/01/17
    AUDUSD must go lower today targeting 7465/61 then first support at 7435/30. A low for the day possible but I would not be trying longs. If not today, then next week a break below here is expected & should target 7400 then 7380/75 & strong support at 7340/35. . The main challenge for bulls today is the 100 & 200 day moving averages at 7495/7500. Only a weekly close tonight above 7500 would turn the outlook positive & be considered a medium term buy signal. A break above the December high at 7523 today should trigger stops on shorts & a break above the 2 month 61.8% Fibonacci resistance at 7535/40 would be further bullish confirmation & a buy signal for the start of next week.
  • WTI Crude
    13/01/17
    WTI Crude best support for today is at 5290/80. Therefore a break below 5270 is more negative targeting minor support at 5247/42. If we continue lower look for 5215/11 then minor support at 5180/76. Further losses target 5130/25. Holding first support at 5280/90 re-targets resistance at 5350/55. If we continue higher look for a retest of this week's high at 5380/83.
  • USDJPY
    13/01/17
    USDJPY holding above 114.55/65 is positive for today. I do believe the low for the correction has been established in difficult volatile conditions. Above 114.86/90 is more positive & targets 115.25/29 then first resistance at 115.60/65. Watch for a high for the day but shorts are probably risky. A break above 115.75 targets strong resistance at 116.00/10. Below 114.40 is more confusing & risks a slide to 114.30/26 before the 113.78/73. I would be very surprised to see a retest of this low today. A break below 113.60 would be a sell signal targeting 113.10/00 then a strong buying opportunity at 112.00/111.90.
  • Gold
    13/01/17
    Gold holding below very strong resistance from the 100 week & 500 day moving average at 1200/1201 is a sell signal. A break below minor support at 1194/93 targets minor support at 1188/87 then better support at 1182/81. A good chance of a low for the day with further strong support at 1175/74. A break below 1171 is likely next week however for an added sell signal. Just be aware that a weekly close tonight below 1181 serves as a bearish confirmation. Try shorts up to 1220/1201 with stops above 1207. An unexpected break above 1207 however signals further gains towards 1214 then strong resistance at 1218/19.
  • EURUSD
    13/01/17
    EURUSD outlook negative now as we test first support at 1.0605/00 so below here confirms a more negative outlook targeting 1.0580/75 & the best support for today at 1.0550/40. Watch for a possible bounce from here, perhaps as far as 1.0600, but longs will be risky if the bear trend is resuming as I expect. A break below 1.0530 is an added sell signal targeting 1.0515/11 then support at 1.0470/65 in to next week. Important resistance at 1.0640/50 would be a selling opportunity if we revisit (although I doubt we will). Try shorts with stops above 1.0690. Only a weekly close tonight above 1.0670 would turn the short term outlook positive again & we would target 1.0700 then 1.0750/60.
Reports for
12/01/2017
  • SXF
    12/01/17
    S&P/TSX 60 holding above 908/909 re-targets 912/913 before the new all time high at 917.60. A break above 919 targets 923/924 & 928 this week. First support at 090/908 but below here meets better support at 904/903. On a break lower look for an excellent buying opportunity at 898/897 & a low for the day expected. Try longs with stops below 894. A break below 896 however is a short term sell signal targeting 888.
Reports for
11/01/2017
  • WTI Crude
    11/01/17
    WTI Crude shorts on a break below 5205/5195 worked perfectly with 5070/60 target hit. We are oversold so a small recovery is possible this morning but gains are likely to be limited. First resistance at 5125/30 but above 5155 targets 5175/80 perhaps as far as 5210. Eventually the downtrend is likely to resume targeting 5010/00. If we continue lower look for 4960 & 4920, perhaps as far as good support at 4890/80 for profit taking on all shorts.
  • Gold
    11/01/17
    Gold first support at 1181/80 but failure to hold above here (& I do think we will break lower) is a sell signal targeting the best support for today at 1175/73. Look for a low for the day & perhaps a bounce to 1179/80. Longs need stops below 1170. A break below is a strong sell signal & initially targets 1166/65 although further losses are expected in to the end of the week. An unexpected break above 1190 however is a buy signal & initially targets resistance at 1199/1200 & again at 1204/05.
  • USDJPY
    11/01/17
    USDJPY we bottomed 8 pips above 115.10/00 & we expect the 2 month bull trend to resume now. On this recent bounce we topped exactly first resistance at 116.05/10 but above here look for 116.35/38 & perhaps as far as 116.60/70. The strongest resistance for today is at 117.00/05 & therefore the best chance of a high for the day...but shorts are risky in a bull trend. First support at 115.20/10 is unlikely to be seen again & we are looking for a buying opportunity from here down to better support at 114.65/55. Try longs with stops below 114.00.
  • Soybeans CME
    11/01/17
    Soybeans dipped to first support at 1008/1009 & holding here re-targets last week's high at 1015/16. On a break above 1018 this week look for a selling opportunity at the next target of 1023/24. Failure to hold first support at 1008/1009 targets minor support at 1003/02. On failure here look for 999/998 & the 994/993 low. Just be aware that a break lower targets 990/989 before the November low at 985/984. A break below here is obviously more negative & targets 979/978.
  • Corn CME
    11/01/17
    Corn holding below minor resistance at 360 keeps us trading sideways with first support at 357/356. If we continue lower look for a buying opportunity at 354/353 & a low for the day expected. Longs need stops below 351. Resistance at 363/364 obviously the first challenge for bulls but quite strong resistance at the October high of 368/369 is the main challenge for bulls today & a high for the day is very likely. We also meet 200 day moving average resistance at 370/371. Only a break (& close for confirmation) above longer term Fibonacci resistance at 373/374 puts bulls firmly in control.
  • Bund
    11/01/17
    Bund above 163.35/36 today targets strong resistance at 163.65/75. Watch for a high for the day. Shorts need stops above 163.85. On a break higher look for 164.05/10, 164.35/34 & quite strong resistance at 164.40/45. Just be aware that further gains target 164.60/64 & the high this week at 164.90/94. First support at 163.00/162.95 again of course but below 162.80 re-targets 162.50/45. If we continue lower look for strong support at 162.05/00.
  • SXF
    11/01/17
    S&P/TSX 60 first support at 904/903 of course but more chance this will break today for an excellent buying opportunity at 898/897 & a low for the day expected. Try longs with stops below 894. A break below 896 however is a short term sell signal targeting 888. First resistance at 908/909. A high for the day possible once again as we look like we are in a small short term correction phase but above here targets 912/913 before the new all time high at 917.60. A break above 919 targets 923/924 & 928 this week.
  • CGB
    11/01/17
    Ten Year Bond holding above first support at 137.82/89 keeps bulls in control for 138.17/19 & 138.30/32 before a retest of the 138.45/47 high. On a break above 138.52 look for the December high at 138.85. First support at 137.82/89 but below here targets better support at 137.55/51. However if we continue lower look for 137.25/20 before support at 137.12/08.
Reports for
10/01/2017
  • SXF
    10/01/17
    S&P/TSX 60 first support at 904/903 of course but more chance this will break today for an excellent buying opportunity at 898/897. Try longs with stops below 894. A break below 896 however is a short term sell signal targeting 888. Holding first support at 904/903 again today re-targets first resistance at 909/908. A high for the day possible as we look like we are in a small short term correction phase but above here targets 912/913 before the new all time high at 917.60. A break above 919 targets 923/924 & 928 this week.
  • CGB
    10/01/17
    Ten Year Bond holding above 137.82/89 keeps bulls in control for 138.17/19 & 138.30/32 before a retest of the 138.45/47 high. On a break above 138.52 look for the December high at 138.85. Minor support at 137.95/90 but below here targets 137.55/51 then better support at 137.40/36. If we continue lower look for a potential bounce from 137.12/08.
  • Emini Dow Jones
    10/01/17
    Emini Dow Jones is just testing 19800 as I write. Further losses target only minor support at 19765/755 before last week's low at 19710/706. A break lower this week tests good support at 19630/620. Longs need stops below 19600 however to target 19560/555 & 19520. We have first resistance at 19830/840 so above 19850 is more positive targeting 19870/880 before the March contract high at 19922/933. A break higher targets the all time high at 19968. On further gains look for 20070/980.
  • Soybeans CME
    10/01/17
    Soybeans trending sideways & if we hold above 998/999 we can re-target 1003 before quite strong resistance at 1008/1009. Try shorts with stops above 1011. A sustained break above 1010 however targets last week's high at 1016. Failure to hold above 994/993 re-targets 990/989 before the November low at 985/984. A break below here is obviously more negative & targets 979/978.
  • Corn CME
    10/01/17
    Corn holding below 360 keeps us trading sideways with first support at 357/356. If we continue lower look for a buying opportunity at 354/353 & a low for the day expected. Longs need stops below 351. Resistance at 363/364 obviously the first challenge for bulls but quite strong resistance at the October high of 368/369 is the main challenge for bulls today & a high for the day is very likely. We also meet 200 day moving average resistance at 370/371. Only a break (& close for confirmation) above longer term Fibonacci resistance at 373/374 puts bulls firmly in control.
  • S&P
    10/01/17
    Emini S&P broke first support at 2266/65 as we look for a buying opportunity at 2258/57, with stops below 2252. A sustained break below 2252 however is a short term sell signal & targets the next buying opportunity at 2241/40. First resistance at 2265/66 but above here 2269 opens the door 2275 before the all time high at 2278/79. Further gains are always likely in the bull trend targeting 2291/92 & 2300/02.
  • Bund
    10/01/17
    Bund above 163.35 targets strong resistance at 163.65/75. Watch for a high for the day. Shorts need stops above 163.85. On a break higher look for 164.05/10, 164.35/34 & quite strong resistance at 164.40/45. Just be aware that further gains target 164.60/64 & the high this week at 164.90/94. First support at 163.00/162.95 but below 162.80 re-targets 162.50/45. If we continue lower look for strong support at 162.05/00.
  • Ftse
    10/01/17
    FTSE holding above 7140/50 is a buy signal of course as stated yesterday, despite overbought conditions, targeting 7195/99 & 7233/36 this week. Support at 7140/50 could hold the downside again but longs need stops below 7120. Below here is more negative & signals a potential false break of the 10 year trend line. Below 7105 is likely to target support at 7075/70 & the last line of defence for bulls. They must trigger a bounce from here or the short term outlook turns negative.
  • Eurostoxx
    10/01/17
    EuroStoxx holding above first support at 3296/93 ta 3305 before a third test of 3323/26. On a break higher look for 3341/44 & perhaps as far as 3370/74 this week. First support at 3296/93 again today but holding below here risks a test of support at 3272/70. Longs need stops below 3265 with further losses targeting a buying opportunity at 3244/40.
  • Dax
    10/01/17
    Dax holding above 11560 initially targets resistance at 11600. If we continue higher in the short term sideways trend look for 11617 before last week's high at 11650. A break higher in the bull trend always likely eventually targeting 11670/680 then 11780/790 & perhaps as far as the 2015 summer high at 11800/810 this week. Strong support at at 11529/28 but longs need stops below 11485. Further losses target 11455 then 11400/390 but look for a buying opportunity at strong support at 11360/350.
  • WTI Crude
    10/01/17
    WTI Crude has the most important support of the day 5205/5195. A break below 5175 therefore is a sell signal & targets support at 5130/25. A bounce from here is possible as we become oversold short term, but longs could be risky. On further losses look for 5070/60. Gains are likely to be limited with first resistance at 5236/38 then 5270/80. A high for the day is likely here but shorts need stops above 5305. Next target & resistance at 5335/40 should be worth trying shorts again with stops above 5365.
  • GBPUSD
    10/01/17
    GBPUSD bounced just above 1.2115/10. First resistance at 1.2193/99 but above here targets resistance at 1.2235/40. Gains are likely to be limited in the bear trend so watch for a high for the day here. Further gains however target 1.2280/85. Below 1.2110 tests the late November low at 1.2080. Below here is much more negative & initially risks a slide to 1.2015/10.
  • USDJPY
    10/01/17
    USDJPY saw very overbought conditions trigger profit taking as expected as we broke 117.00/116.95 to test support at 116.00/115.90, but over ran as far as 115.63. Looks like we will have a final retest of the support at 115.10/00 with better support at 114.65/55. I'm hoping this is tested for the best buying opportunity of this week. A low for the correction is expected. Try longs with stops below 114.00. Bears are in short term control so gains are likely to be limited with first resistance at 116.05/10 then 116.35/38. However if we continue higher look for a selling opportunity at 116.80/85, with stops above 117.15. An unexpected break higher could retest yesterday's high at 117.50/52.
  • Gold
    10/01/17
    Gold now very overbought in a bear trend as we retest of important resistance at 1180/82. Again, shorts need stops above the December high at 1187/88. An unexpected break higher this week however is a buy signal & initially targets resistance at 1199/1200 & again at 1204/05. Below 1180 is more negative & should help our shorts as we target minor support at 1176/75 before good support for today at 1171/70. A low for the day is possible here again but longs are too risky. A break lower meets probably the best support for this week at 1162/61. A bounce from here is likely on the first test this week, but longs need stops below 1156.
Reports for
09/01/2017
  • S&P
    09/01/17
    Emini S&P has held 2268/69 on the dip to allow a retest of the all time high at 2278/79. Further gains are always likely in the bull trend targeting 2291/92 & 2300/02. Below 2270 tests first support at 2266/65 which could hold the downside. However if we continue lower look for a buying opportunity at 2259/58, with stops below 2253.
  • Ftse
    09/01/17
    FTSE tests important 10 year trend line resistance at 7140/50 & the close above here on Friday was a positive signal. Shorts at 7140/50 need stops above 7165 again today & as I write these have not been activated. A break higher is a buy signal targeting 7195/99 & 7233/36. Failure to hold above 7130 risks a test of first support at 7110/00. As long as this holds the downside, bulls remain firmly in control. A break lower risks a slide to 7060/55 for a buying opportunity with stops below 7030.
  • Eurostoxx
    09/01/17
    EuroStoxx holding above 3308/05 allows us to re-target 3323/26. On a break higher look for 3341/44 & perhaps as far as 3370/74 this week. First support at 3296/93 again today but below 3290 risks a test of support at 3272/70. Longs need stops below 3265 with further losses targeting a buying opportunity at 3244/40.
  • Dax
    09/01/17
    Dax closed above resistance at 11600 & with bulls still in control, holding above here targets 11617 before last week's high at 11650. A break higher in the bull trend always likely eventually targeting 11670/680 then 11780/790 & perhaps as far as the 2015 summer high at 11800/810 this week. Holding below 11590 however retests support at 11560/555 before strong support at at 11529/28. A low for the day likely but longs need stops below 11485. Further losses target 11455 then 11400/390 but look for a buying opportunity at strong support at 11360/350.
  • Emini Dow Jones
    09/01/17
    Emini Dow Jones sold off but bottomed exactly at the 19870/880 level by the close, after a top on Friday at 19925. Holding here allows a retest of the March contract high at 19925/933. A break higher targets the all time high at 19968. On further gains look for 20070/980. Failure to hold above 19860 tests better support at 19830/820. Watch for a low for the day but longs need stops below 19800. Further losses target only minor support at 19765/755 before last week's low at 19710/706. A break lower this week tests good support at 19630/620. Longs need stops below 19600 however to target 19560/555 & 19520.
  • SXF
    09/01/17
    S&P/TSX 60 hit a new all time high between the next targets of 915/916 & 918/919. We hot some profit taking on Friday towards first support at 909/908. This could hold the downside today but further losses meets good support at 904/903. If however this does not hold the downside look for an excellent buying opportunity at 898/897. A good chance we will hold first support at 909/908 to target 912/913 & perhaps retest the new all time high at 917.60. A break above 919 targets 923/924 & 928 this week.
  • CGB
    09/01/17
    Ten Year Bond big negative candle on Friday starts this week on a more negative note with best support for today likely to be at at 137.40/35. Below 137.20 however targets 137.14/11 then 136.94 before support at 136.88/85. Holding 137.40/35 is more positive for today & above minor resistance at 137.53/55 targets 137.68/70, perhaps as far as quite strong resistance at 137.82/89. A break above 138.00 however keeps bulls in control for 138.17/19 & 138.30/32 before a retest of the 138.45/47 high.
  • Soybeans CME
    09/01/17
    Soybeans trending sideways & if we hold last week's low at 993 look for a recovery to first resistance at 998/999. This is likely to be the main challenge for bulls today. Back above 1000 is more positive re-targeting 1003 & perhaps as far as quite strong resistance at 1008/1009. Try shorts with stops above 1011. Failure to beat first resistance at 998/999 could retest 994/993. Be ready to sell a break below here to target 990/989 & November low at 985/984.
  • Corn CME
    09/01/17
    Corn holding below 360 keeps us trading sideways with first support at 357/356. If we continue lower look for a buying opportunity at 354/353 & a low for the day expected. Longs need stops below 351. Resistance at 363/364 obviously the first challenge for bulls but quite strong resistance at the October high of 368/369 is the main challenge for bulls today & a high for the day is very likely. We also meet 200 day moving average resistance at 370/371. Only a break (& close for confirmation) above longer term Fibonacci resistance at 373/374 puts bulls firmly in control.
  • Bund
    09/01/17
    Bund support at 162.89/85 is key to direction today but we did not manage a close above here on Friday. Holding below this morning is negative therefore targeting 162.67/65 & first support at 162.30/25. If we continue lower look for minor support at 161.94/90 but better support at 161.65/60 could hold the downside at this stage. Above 162.90 allows a recovery to 163.25/29 then strong resistance at 163.60/65. Watch for a high for the day. Shorts need stops above 163.80. On a break higher look for 164.05/10, 164.35/34 & quite strong resistance at 164.40/45. Just be aware that further gains target 164.60/64 & the high this week at 164.90/94.