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Reports for
23/01/2015
  • Dax REPORT
    23/01/15
    Dax March is now severely overbought having almost perfectly hit our target of 10,550. There is a risk of profit-taking today down to 10,495 and perhaps far as 10,465/10,450. A good chance of a bounce from here but be aware that a break lower could target strong support at 10,415/10,405. Try longs here with a stop below 10,380. Just be aware that a break lower could then target 10,355/350 but if we fall as far as 10,330/320, use this as an excellent buying opportunity with a stop below 10,290. Immediate resistance at the new all-time high of 10,548.5 of course but above here we could test 2 year trendline resistance at 10,600/10,625. We should struggle here and a high for the day is certainly possible. Try shorts with a stop above 10,660. However just be aware that a break higher could see prices race towards 10,740/750.
  • Emini Dow Jones REPORT
    23/01/15
    Emini Dow Jones March has now tested three month trendline resistance at 17,770/780 and this will be key to direction today. There is a good chance we will turn lower and below 17,690 should add pressure to target 17,670 then good support at 17,635/625. Try longs here with a stop below 17,580. A break lower however sees 17,625 act as resistance to trigger a move down to 17,560. If we continue lower look for good support at 17,540/530. Try longs here with a stop below 17,475. It could worth trying shorts at 17,770/780 with a stop above 17,810. Be ready to go with a break higher to continue the four-day rally and target 17,845/865. We will be quite overbought in the short-term at this stage, but if trying shorts, we need a stop above 17,885. A break higher is then likely to target 17,910, 17,940 and perhaps even make it as far as 17,980/985. Just be aware that above here meets the all-time high at 18,036/18,051.
  • Gold REPORT
    23/01/15
    Gold February remains worryingly overbought now & the 100 week moving average at 1308 could still mark a high as stated all week. Profit taking possible again today to relieve overbought conditions. Immediate support at 1297 but below here could re-target trend line support at 1286/1285. If we continue lower look for a test of yesterday's low at 1179 then very good support at 1275/1274. This could hold the downside today but be aware there is stronger support at 1266/1265. It should be worth buying into longs here with a stop below 1260. A break lower meets support from the 200 day moving average at 1256/1254. Try longs here with a stop below 1248. Strong resistance at 1307/1308. Again, it should be worth trying shorts with a stop above 1311. However be ready to go with a positive break higher using 1308/1307 as support, for a move up to 1313 then 1319 and perhaps as far as 1322/1324.
Reports for
22/01/2015
  • Ftse REPORT
    22/01/15
    FTSE March unexpectedly beat 6637/43 to hit 4 month trendline resistance at 6665/6670. This is the key to today's direction of course, as we become overbought. A break higher however keeps this very strong five-day 430 point rally going and we should then target 6700/05, possibly make it as far as 6731. Any further gains this week should test last month's high at 6758. Failure to beat strong trendline resistance at 6665/6670 triggers profit-taking down to 6650 before support at 6637/35. If this does not hold the downside look for good support at 6615. It could be worth trying longs here with a stop below 6595. However on a break lower look for a buying opportunity at 6575/70, with a stop below 6550.
  • USDJPY REPORT
    22/01/15
    USDJPY immediate resistance at 117.80/90 is now key to direction to try shorts with stops above 118.20. A break higher targets 118.40 then strong resistance at 118.70/80 for a selling opportunity with stops above 118.95. Next target is 119.30. Below 117.70 adds pressure & risks a slide to 117.55/50 then support at 117.15/05 & low for the day possible here. Longs need stops below 116.90. A break lower is then likely to target 116.50/45 & perhaps as far as 116.10 before last week's low at 115.82.
  • Gold REPORT
    22/01/15
    Gold February is worryingly overbought now & it does look like we ended the rally yesterday. We got close enough to the measured target for the inverse head & shoulders pattern & as stated yesterday, the 100 week moving average at 1308 should mark a high for the week. Profit taking expected today to relive overbought conditions. Holding below 1297 should trigger a move down to 1286/1285. Below here targets very good support at 1275/1274. This could hold the downside today but be aware there is stronger support at 1266/1265. It should be worth buying into longs here with a stop below 1260. A break lower meets support from the 200 day moving average at 1256/1254. Try longs here with a stop below 1248. Above 1297/1298 targets 1303 then strong resistance at 1307/1308. Again, it should be worth trying shorts with a stop above 1313. However be ready to go with an unexpected break higher using 3008/1307 as support, for a move up to 1313 then 1319 and perhaps as far as 1322/1324.
  • S&P REPORT
    22/01/15
    Emini S&P holding above 2022/2024 as I write to target 2030 then 2035.If we continue higher look for strong resistance at 2043/2044 & a selling opportunity with a stop above 2051. On a break higher however use 2044/43 as support for a move towards 2051/52. Above here targets 2062/63. Immediate support at 2024/22 but longs need stops below 2016.A break lower again targets good support from the 10 day moving average at 2004 down to 2002/2000. A low for the day is possible once again today & it is worth trying longs with a stop below 1995. However be ready to go with a break lower using 2000/2002 as resistance. A break below trendline support at 1995 increases pressure to target 1990/1989. Any further weakness meets good support again at 1983/1981 and it should be worth trying longs with a stop below 1976. A break lower however retest last week's low at 1971/1970.
Reports for
21/01/2015
  • Dax REPORT
    21/01/15
    Dax March now so overbought that risks are increasing to the downside. Again today, failure to beat 10,270/10,260 sees 10,220/2015 then this week's low at 10,195. Be ready to go with a break lower to target 10,175 and perhaps far as good support at 10,130/120. A good chance of a low for the day to try longs with a stop below 10,090. However just be aware that on a break lower we should target excellent short term support at 10,040/030. Bulls will need to beat 10,270/10,260 to retest Friday's high at 10,305/316. Be ready to go with a break higher this week to target 10,350/355 then 10,370/375. Any further gains this week could target 10,440/450 then 10,550/560.
  • Emini Dow Jones REPORT
    21/01/15
    Emini Dow Jones March same levels apply for today as we become overbought short term. Immediate resistance at 17,480 but above here re-targets resistance at 17,500/520. Try shorts in this band with stops above 17,540. However be ready to go with a break higher for the next target & resistance at 17,585/590. Try shorts with a stop above 17,630. Be ready to go with a break higher using 17,590 as support for a move up to very strong resistance at 17,675/695. This is an excellent selling opportunity with stops above 17,750. Failure to beat 17,480 targets 17,410/400 then support at 17,345/330. Failure here however offers a buying opportunity once again at 17,270/260 with a stop below 17,200. Watch good support at 17,180/170 which could hold the downside but longs need stops below last week's low of 17,125.
  • AUDUSD REPORT
    21/01/15
    AUDUSD support at 8155/50 is key to direction today. If trying longs we need stops below 8135. Be ready to go with a break lower using 8150 as resistance for a move towards 8115 & perhaps as far as a retest of last week’s low at 8075/8065. Just be aware that any further losses this week target January lows at 8035/30. We could still hold support at 8155/50 and recover a little to 8175/8180, perhaps even as far as 8200/8205. Unlikely any further as the outlook turns more negative but shorts need a stop above yesterday's high of 8218. On a break higher look for a very good selling opportunity at 8230/8240 with a stop above 8260.
  • GBPUSD REPORT
    21/01/15
    GBPUSD has support at 1.5125/20 again today then strong longer term 5 year trend line support at 1.5090/5080. Try longs with wide stops below 1.5050. January's low at 1.5035/30 is the last line of defence for the bulls. Be ready to go with a break lower for a move to 1.5012/06 then 1.4935 before support at 1.4870/60. Immediate resistance at 1.5175/80 but above here a selling opportunity at 1.5210/5220 with stops above 1.5240. On a break higher 1.5220/10 is likely to act as support for a move towards resistance at 1.5260/5270. Any shorts here will need a stop above 1.5280 to target very strong resistance at 1.5320. A high for the day expected here. Sell with stops on a move above 1.5360.
  • EURUSD REPORT
    21/01/15
    EURUSD same levels apply for today but we must beat immediate resistance at 1.1605/15 to re-target resistance at 1.1650/55. We should struggle here again & a high for the day possible but shorts need stops above 1.1670. Be ready to go with a break higher using 1.1655/50 as support to target strong resistance at 1.1705/15. This as an excellent selling opportunity with a stop above 1.1740. Failure to beat 1.1605/15 targets support at 1.1550/1545 which could hold the downside again today. However, be ready to go with a break lower for a retest of 1.1485/75 & perhaps as far as last week's low at 1.1459. Try longs with stops below 1.1445. Be ready to go with a break lower however to target 1.1430/25.
Reports for
16/01/2015
  • Bund REPORT
    16/01/15
    Bund new all time high at 157.70 & above here today targets 157.81 then 157.95/98. If we continue higher look for 158.05/08 then 158.20/25. Any further gains could meet 158.38/41 then 158.62/65. Immediate support today is at 157.41/37 but below here look for 157.26/20. If this does not hold the downside. We could reach 157.04/156.99. If we reach as far as 156.85/80, use this as an excellent buying opportunity with a stop below 156.70.
  • Ftse REPORT
    16/01/15
    FTSE March could go anywhere today! I have not the slightest idea what will happen. I can only give you the best trading levels I can find. The strongest resistance level looks like 6424/6427, so above here is more positive for a retest of yesterday's high at 6447. On a break higher could target 6465/70 and perhaps as far as resistance at this week's high of 6495/6500. A break above last week's high of 6520 would of course be a positive signal and quickly target 6530/6535. If we continue higher look for 6559/69. Immediate support at 6378/6368 but below here risks a slide to 6320/6310. Any longs here need a stop below 6290 for a move to 6265 then support at yesterday's low of 6235/6234.
  • Dax REPORT
    16/01/15
    Dax March I have absolutely no idea what will happen today! I can only give you what I see as the important levels of the day. First support level is at 9970/9955 but below here risks a slide to 9885/9870. A break below 9820 adds pressure to target 9765/9745. A bounce from here looks possible but a break lower could target 9710/9705. If we continue lower look for 9645/40 then 9615/05. Any further losses meet good support at yesterday's low and 200 day moving average support at 9582/9570. Immediate resistance at 10,050/070 but above 10,100 tests the all-time high at 10,127. Obviously a break higher is very positive and with recent volatile conditions we could get a spike higher to 10,160 then 10,225/230. Above here look for 10,305/315
  • Emini Dow Jones REPORT
    16/01/15
    Emini Dow Jones March as stated in our morning update: A BREAK LOWER TODAY CONFIRMS THE NEGATIVE HEAD & SHOULDERS PATTERN WE HAVE BEEN TALKING ABOUT & IS A SELL SIGNAL. IMMEDIATE TARGETS: 17,040 THEN 17,000. If we continue lower look for a test of the 200 day moving average at 17,690 & perhaps as far as Fibonacci support at 16,910/900. Only above 17,190 is less negative for today and could target trendline and 100 day moving average resistance at 17,260/270. A high for the day possible so try shorts with a stop above 17,300. Above here turns the short-term outlook more positive to target 17,345 then 17,415/25. If we unexpectedly make it any higher look for an excellent selling opportunity at 17,490/17,510.
  • USDJPY REPORT
    16/01/15
    USDJPY key to direction today is of course the two-day low at 116.10/00. There is a very good chance of a bounce from here yet again today, but longs need a stop below 115.85. Just be aware that a break below here targets very good support at 115.55/45. Try longs with stops below 115.20. A break below here however is very negative and could trigger sharp losses down to 114.91/88. Holding 116.00 as looks likely triggers a move back up to 116.50 then quite strong resistance at 117.15/20. This could hold a move higher today but shorts need a stop above 117.40. Be ready to go with a break higher to target excellent selling opportunity once again today at 117.80/90. Our shorts need a stop above 118.20.
  • AUDUSD REPORT
    16/01/15
    AUDUSD immediate resistance at 8240/45 for a selling opportunity with stops above 8260. On a break higher we should retest yesterday’s high at 8290/95. Sell with stops on a move above 8310. However be ready to go with a break higher to target a selling opportunity at 8350/60, with stops above 8375. Immediate support at 8210/05 but below here targets 8180. If this does not hold the downside look for a buying opportunity at 8155/50. Longs need stops below 8135. Be ready to go with a break lower using 8150 as resistance for a move towards 8115. Below here risks a retest of this week’s low at 8075/8065.
  • Gold REPORT
    16/01/15
    Gold February continued a little higher to very strong resistance at the 1264/1265 area. This is just holding with a peak so far at 1267 and being so overbought now it looks like this could mark the high for the week at least. Although the longer-term outlook is much more positive with a breakout, there is a good chance of profit-taking today. It is in fact worth trying shorts with a stop above 1270 and looking for a move back to good support at 1255/1254. It’s likely this will hold the downside and is worth trying longs with a stop below 1250. However on a break lower look for excellent support at 1245/1244. Buy into longs expecting a strong bounce from here but with stops below 1238. A break above 1270 is very positive and would then see 1265/1264 acting as strong support for a continued rally up to 1274/1275 and if we continue higher look for 1282/1283. Any further gains into next week should then target 1290/1292 and perhaps as far as 1297/1298.
  • S&P REPORT
    16/01/15
    Emini S&P we warned for over a week of a head & shoulders pattern forming. Yesterday’s close below the head & shoulders neck line at 1992 confirms the pattern. However being oversold at this stage & patterns like this often have a last minute rally to squeeze out weak shorts. A recovery today possible therefore if we can get back above 1982 to the rising neck line at 1994. We will need to beat resistance at 1998 to target the 100 dma at 2003 and perhaps strong resistance at 2006/2008. Wider stops needed in such volatile conditions. Try shorts with a stop above 2015. However be ready to go with a break higher using 2008/2006 as support for a move up to very strong resistance again at 2022/2024. A high for the day expected here once again. Sell with stops above 2030. Failure to get back above 1982/1984 keeps this market under pressure. Watch for a break below 1978 to accelerate losses and target 1972 then 1968/1966. Below here we test the 200 dma at 1962, with a low for the day possible but below 1959 triggers further selling pressure to target 1951/1950.
Reports for
15/01/2015
  • Brent Crude REPORT
    15/01/15
    Brent Crude February will need to hold above immediate support at 4825/20 to consolidate gains and go for a retest of yesterday's high at 4921 then target 4960 for an excellent selling opportunity. There is a good chance of a high for the day here, as we become overbought in short-term. Try shorts with a stop above 5000. However be ready to go with a break above using 4960 as support for a move towards 5080 then 5135/45. If we continue higher look for good selling opportunity at 5220/5230 with no further gains expected at this stage. Failure to hold above immediate support at 4825/20 risks a slide to 4770/65 which could hold the downside. However longs need a stop below 4720 to target the next buying opportunity at 4675. A low for the day could be expected here but longs need a stop below 4635.
  • Nat Gas REPORT
    15/01/15
    Natural Gas February although the outlook has turned positive on the breakout, we have become overbought in short-term. Any profit-taking today meets support at 3285/3280 then 3250/45. If however we continue lower look for a good buying opportunity at 3205/3195. A low for the day is expected and we can try longs with a stop below 3165. Just be aware that an unexpected break lower however could target 3125. Try longs here with a stop below 3100. There is quite strong resistance today from around yesterday's high at 3340 up to 3360. We should struggle here and a high for the day certainly possible but we must be ready to go with a break higher is there is large gap to fill up to 3440/3450. Unlikely we will make it any higher today and it should be worth trying shorts with a stop above 3500.