Technical Analysis Forecasts

Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
05/03/2015
  • Soybeans CME
    05/03/15
    Soybeans over sold in the short-term now and must hold above 997/996 to stage a recovery. Above 1000 could then trigger a recovery to resistance at 1006/1007 for a selling opportunity with a stop above 1009. An unexpected break higher however then targets resistance at 1013/1014. Only a break below 996 adds pressure today to target 993 then 991/990. A break below 980 then targets support at 984.
  • Wheat CME
    05/03/15
    Wheat July heading for a retest of recent lows at 497/495. A break below 494 clearly would be negative today and signals the start of the next leg lower in this longer-term bear trend for a first target of 490/489 First resistance at 506/507 could hold a move higher but above here try shorts at 510/11. Just be aware that a break higher targets resistance at 514/515.
Reports for
04/03/2015
  • Bund
    04/03/15
    Bund holding below 158.90/85 keeps the market under pressure to target support at 158.50/45. This could hold the downside as we become oversold short term but longs need stops below 158.30. On a break lower use 158.50/45 as strong resistance for a test of February lows at 158.23/18. Obviously a break & close below here would add pressure this week & target 158.00 then 157.83, 157.69 & strong support at 157.55/50. First resistance at 159.05/10 could hold a move higher but above here resistance at 159.21/24 is a selling opportunity with stops above 159.33. If we continue higher look for selling opportunity at 159.52/58 with a stop above 159.70.
  • Dax
    04/03/15
    Dax We picked the top of the bull market almost to the tick. First support at 11,380/375 held perfectly for 3 hours then we broke good support at 11,330/320 for a buying opportunity at 11,255/45. We magically bottomed almost exactly here at 11,258! The bounce perfectly hit the 11,330/320 resistance & topped exactly here!! A further correction expected with important support at 11,255/45 key to direction. Be ready to go with a break to target even more important support at 11,165/145. A bounce certainly possible back up to 11,250. However, a break lower is a sell signal & targets 11,040/030 then a buying opportunity at 10,990/970. Holding 11,255/45 however triggers a recovery to resistance at 11,340. Above here a selling opportunity at 11,385/95 with a stop above 11,430. Try shorts again at 11,460/11,475 with stops above 11,500. An unexpected break higher however targets 11,515 then 11,535/40 & 11,570.
  • Emini Dow Jones
    04/03/15
    Emini Dow Jones forming a potentially negative short term broadening top pattern in a severely overbought market, that is overdue a correction. 18,175/170 is key & holding below keeps the market under pressure to target yesterday's low at 18,120 then our first support at 18,090/080. This is the most important support for the day in fact & worth trying longs with stops below 18,050. Just be aware that a break & close below is more negative & targets 18,015 then strong support at 17970/960. Only above 18,200 is less negative for today & opens the door to 18,225/230, perhaps as far as the all time high 18,270. Try shorts expecting a high for the day with stops above 18,300. On an unexpected break higher however look for 18,330/340 then 18,385/395.
  • EURUSD
    04/03/15
    EURUSD bear trend resumes with 1.1175/80 the key to direction short term direction. A break below 1.1150 risks a retest of January lows at 1.1113/1.1098. Below here adds downside pressure this week to target 1.1067, 1.1045, 1.1000 & 1.0940/35. Holding above 1.1175/80 may allow a retest of resistance at 1.1225/30 for another selling opportunity with stops above 1.1245. If however we continue higher look for 1.1255/60 then an excellent selling opportunity at 1.1275/80. No further gains expected but shorts need stops above 1.1300.
  • GBPUSD
    04/03/15
    GBPUSD holding below 1.5375 keeps the outlook negative to target strong support at 1.5333/27. This is the most important support for today but if trying longs use a stop below 1.5310. Be ready to go with a break lower with the daily chart outlook more negative however to target 1.5275/65. If the pair continue lower this week look for 1.5250/45 then strong support at 1.5200/5195. Above 1.5375 allows a short term recovery to strong resistance at 1.5407/12. Try shorts with stops above 1.5430. A break higher however could then target a selling opportunity at 1.5455/60 with stops above 1.5475.
  • Gold
    04/03/15
    Gold outlook is more negative & failure to hold above 1204/03 re-targets 1198/97 then 1194. Be ready to go with a break lower today to target February lows at 1191/90. This is the most important support for today but if trying longs we need tight stops below 1187. A break & close below is more negative for this week & targets 1185/84 then 1178/77. If we manage to hold 1203 we again meet resistance at 1208/09 then 1213/14 for a selling opportunity. Try shorts with stops above 1216 but if we continue higher look for another selling opportunity at 1218/1219 with stops above 1223. Be ready to go with an unexpected break higher using 1219/1218 as support to target 1226/1227. Just be aware that any further gains could reach as far as 1232/1234.
Reports for
03/03/2015
  • Ftse
    03/03/15
    FTSE negative candle yesterday is a concern in such severely overbought conditions. If we hit profit taking look for first support at 6900/98 but below here adds pressure to target 6878/75. This is the best support of the day but longs need stops below 6860. bl is more negative for the rest of the week & risks a slide to support at 6840/36 today. First resistance at 6939/6945 of course & we should struggle here again. Although I favour profit taking today, a break higher cannot be ruled out in the bull trend to target 6970. Any further gains this week test the all time high at 6995 from December 1999.
  • Dax
    03/03/15
    Dax first resistance at 11,456/60 of course but this should cause problems again today. I never recommend shorts in a Bull trend, but there is just a possibility that we can't beat this level today. If trying shorts use a stop above 11,475 and look for the next target of 11,489/95. If we continue higher look for 11,515 then 11,535/40. Any further gains this week could reach 11,570. First support at 11,380/375 but below here risks a slide to good support at 11,330/320. Try longs with a stop below 11,290. On a break lower look for a buying opportunity at 11,255/45.
  • Eurostoxx
    03/03/15
    EuroStoxx severely overbought conditions are a worry but it's unwise to bet against the Bull trend until we see a negative signal. Above 3580 is positive again for today & retests 3600 then 3609. On a break higher look for the next target of 3617/3621. If we continue higher this week look for 3639/41 then 3660/63 & 3689/91. First support at 3580/75. A close below here would be less positive for this week & risks a slide to first target of 3563/60 then good support at 3545/40.
  • E Mini Nasdaq
    03/03/15
    Emini Nasdaq first resistance at 4486/92. Just be aware that this is strong one year trend line resistance & we should struggle here despite the bull trend, but if we continue higher look for 4525/30. First support at 4458/56 then 4443/42. Try longs with a stop below 4430. An unexpected break lower would target 4417/16.
  • Mini Russell 2000
    03/03/15
    Mini Russell must at least hold above 1239/40 to retest the new all time high at 1243/44. If we continue higher today however it is likely to be a slow grind as we battle severely overbought conditions, but look for 1245/46 & perhaps as far as 1249/50. We need a close above 1245/46 to ensure a more positive outlook & ultimately target strong trend line resistance at 1257/58. Profit taking still possible today despite yesterday's new all time high with technical indicators quite negative in fact. Below 1238 adds a little pressure to target good support at 1231/30. A good chance this will hold the downside but longs need stops below at 1227 for a buying opportunity at 1223/22. Buy with stops on a move below 1218.
  • S&P
    03/03/15
    Emini S&P all time highs & trend line resistance at 2115/17 is obviously key to direction. On a break higher look for the next target of 5 & 19 week trend line resistance at 2127/2130 as a selling opportunity. Try shorts with stops above 2135. A break & close above 2135 would clear all important resistance & opens the door to 2141/42 then 2148/50. Below 2110/2109 adds a little pressure today & re-targets support at 2104/2003. Any longs need stops below 2099. A break lower risks a slide to to support at 2095/94. A good chance of a bounce from here but if we continue lower look for a buying opportunity at 2089/88 this week. Longs need stops below 2083.
Reports for
27/02/2015
  • Wheat CME
    27/02/15
    Wheat must now beat first resistance at 504/505 if we are to continue the recovery off this double bottom pattern. If we can beat 505 and then 510 we hit quite strong resistance at 512/513. A good chance of a high for the day here but if trying shorts use a stop above 515, and then be ready to go with a break higher to target resistance at 519/520. February lows at 493/492 are obviously key for today. Tonight is the weekly and monthly close, so is very significant & a close would be an added negative signal to target 2014 lows at 482/480.
  • Soybeans CME
    27/02/15
    Soybeans pushing for a retest of this week's high at 1029. Any shorts need stops above 1031 but a break higher opens the door to further gains targeting 1035 then resistance at 1038/1039. Further gains are unlikely today but any shorts will need a stop above 1044 for a move towards 1048/1049 then 1054/1056. First support at 1021 but below here targets 1017 then strong support at 1010/1009. Try longs with a stop below 1006. An unexpected break lower however targets 1002.
  • Bund
    27/02/15
    Bund first resistance at 159.78/80 but above here targets 159.87/89 then all time highs at 160.00. A break higher cannot be ruled out even at these yields & could target strong resistance at 160.15/20. A break & weekly/monthly close above here however would be positive for next week & targets 160.40/45 then 160.56/59. Good support today at 159.58/55 but longs need a stop below 159.45 to target the next support at 159.31/29. A good chance this will hold the downside but use a stop below 159.15. If we continue lower look for an excellent buying opportunity at 158.90/85.
  • Dax
    27/02/15
    Dax you cannot argue with the bull trend & if we hold above 11,310/315 look for a retest of 11,335. On a break higher we meet longer term trend line resistance at 11,360/70. A good chance of a high for the day but shorts need stops above 11,400. A weekly & monthly close above 11,400 tonight would keep the outlook positive in to the start of March & targets 11,428/32 then 11,456/60, perhaps as far as 11,489/95. First support at 11,280/275 but below here look for good support at 11,250/245. A good chance of a low for the day here but on a break lower look for the next buying opportunity at 11,205/11,195 with a stop below 11,170. Just be aware that a weekly and monthly close below 11,180 tonight would be more negative for the start of next week.
  • E Mini Nasdaq
    27/02/15
    Emini Nasdaq first support at the 4 day low of 4431/27 is key. If this does not hold the downside today we risk a slide to support at 4405/4400. This could hold the downside but below here we risk further losses to strong support at 4375/70. A low for the day expected but longs need stops below 4360. Above 4450 allows a retest of 4461/65. A break higher is always possible & could target 4470/75 then 4486/92. If we continue higher in to next week look for 4525/30.
  • Brent Crude
    27/02/15
    Brent Crude April has lacked any direction for two weeks & support at 5990/5980 is key today. Again longs need a stop below 5960 to target 5925/20. Below here targets 5865/60 then 5845/40 before this week's low at 5810. A break lower tests last week's low at 5780. First resistance at 6090/6100 and we should struggle here. A break higher however could target resistance at 6160/6170. If this does not hold a move higher we could make it up to 6210/20. Above here retests yesterday's high at 6263 and from here up to the February at 6300 is a strong resistance band.
  • Nat Gas
    27/02/15
    Natural Gas outlook remains negative with any recovery offering a selling opportunity. Our first resistance is at 2735 but above here a high for the day looks possible at 2765/2770. Try shorts with a stop above 2790. An unexpected break higher however targets 2810/2820 for a selling opportunity with a stop above 2845. Be ready to go with a break below 2690 to target 2660/55. If this does not hold the downside look for 2610 and failure here risks a retest of lows for the bear trend so far at 2578/2567. Obviously these levels are key. It's a weekly and monthly close tonight and if we were to close below here, this would add a lot of pressure into next week.
  • WTI Crude
    27/02/15
    WTI Crude April has now staged a recovery back above 4845/55 but we run into our first resistance level at 4970/75 which could hold the bounce but above 4990 opens the door to 5030/35. If we continue higher look for a selling opportunity at 5090/5100 with a stop again above 5130. Failure to hold above 4845 is more negative and a break below yesterday's low at 4780 will add pressure to target 4760/50 then 4730/25. If we continue lower look for 4705/00 then 4650/40.
  • AUDUSD
    27/02/15
    AUDUSD is staging a recovery now from support at 7800/7795 and could target 7820/7825. We may not make it any further, but above here there is a little resistance at 7845. If we continue higher look for a selling opportunity at 7870/7880 with a stop above 7895. Outlook is more negative as we resume the bear trend. Be ready to go with a break below 7780 today to target this week's low at 7740/36. A break below here is possible & would target 7720/15 then 7695/90. Further losses into next week cannot be ruled out and could target 7645/40 then the lows for this bear market so far at 7623.
  • GBPUSD
    27/02/15
    GBPUSD is now testing short-term trendline support at 1.5400. The outlook is more negative so be ready to go with a break below 1.5390 today to target 1.5375/72. This could hold the downside initially but be ready to go with a break lower to target strong support at 1.5335/30. A low for the day is expected here and it could be worth trying longs looking for a bounce, with a stop below 1.5310. Our longs from 1.5412/08 meet resistance at 1.5435 then strong resistance at 1.5455/60. Exit longs & try shorts expecting a high for the day. Shorts need stops above 1.5480. An unexpected break higher could target 1.5515/20 but if we make it as far as 1.5540/50 use this as an excellent selling opportunity once again.
  • EURUSD
    27/02/15
    EURUSD bear trend resumes at last. It had to happen eventually & today we watch the 1.1195/90 level. Be ready to go with a break below 1.1180 as we risk a retest of January lows at 1.1113/1.1098. It's the the end of the week & month close & a close below 1.1113/1.1098 adds downside pressure next week to target 1.1067, 1.1045, 1.1000 & 1.0940/35. Any recovery meets resistance at 1.1225/30. We could try shorts with stops above 1.1245. If however we continue higher look for 1.1255/60 then an excellent selling opportunity at 1.1280, with stops above 1.1300.
  • Gold
    27/02/15
    Gold must hold above 1209 today if we are to continue the recovery & re-target strong resistance at 1218/1219. A high for the day could certainly be seen here again today but shorts need stops above 1223. Be ready to go with a break higher using 1219/1218 as support to target 1226/1227. Just be aware that any further gains could reach as far as 1232/1234. It a week & month close & only a close tonight above 1220 would be more positive for next week. First support at 1205/04 but below here 1201 is key. This must hold the downside or hopes of a recovery fade. A break lower risks a slide to 1195/94, perhaps as far as 1190/89. Try longs with stops below trend line support at 1185. A break lower however is very negative & targets 1180/79 then 1177.
  • Mini Russell 2000
    27/02/15
    Mini Russell is hitting four-week trendline resistance in a rising wedge pattern, so 1240 will be key for today. Being so overbought, I would favour profit-taking to 1234/33. If we continue lower look for 1230/29 then a test of support at 1226 for a buying opportunity. A good chance of a low for the day but longs need stops below 1222. Just be aware that a break lower targets good support at 1218/17 & no further losses expected at this stage. All time highs & resistance at 1239/40 could hold a move higher. If we continue higher today however it is likely to be a slow grind as we battle severely overbought conditions, but look for 1245/46 & perhaps as far as 1249/50.
Reports for
13/02/2015
  • Gilts
    13/02/15
    Gilts recovered almost all the losses however, in a very strong bounce. If we are to build on this strong recovery we will need to break through first resistance at 120.75/80. This is unlikely to be easy but shorts need a stop above 120.90. Be ready to go with a break higher to target 121.13/18. Look out for a high for the day here, but shorts need a stop above 121.30. We then meet tricky resistance in the 121.40/45 area. Failure to beat first resistance at 120.75/80 should trigger a move lower towards 120.50 then support at 120.39/37. We could try longs here with a stop below 120.22. On a break lower we can target 120.10/05 then 119.85/82 before yesterday's low at 119.72. Try longs with a stop below 119.60.
  • Bund
    13/02/15
    Bund first resistance at 159.24/25 and failure to get through here today targets 159.11 then a first support level at 159.02/158.99. Below here targets support at 158.86/84 then better support at 158.75/70. Try longs with a stop below 158.55. A break lower risks a slide to the 158.19/11 area. A break above first resistance at 159.24/25 targets all-time highs at 159.50/54. We should struggle but on a break higher today we target resistance at 159.70 then 159.90. I guess a break higher cannot be ruled out even at these yields & could target to target strong resistance at 160.15/20.
  • Eurostoxx
    13/02/15
    EuroStoxx holding above 3427/3430 is obviously positive & finally after 3 weeks of range trading we are seeing a breakout. We can push higher to target 3472/74, then important strong longer term, Fibonacci resistance at 3520 in to next week. In the unlikely event of a move lower we meet support at 3415/10. This could hold the downside but below here risks 3385/80 for a buying opportunity. Any further losses would be a big surprise but look for another buying opportunity at 3365/62. Longs need stops below 3355 for a move towards good support at 3328/23.
  • Brent Crude
    13/02/15
    Brent Crude April First resistance at 5990/6000 to try shorts with stops above 6020 but above here targets this week's high at 6055/6060. Only a break and a close above here today is positive for next week. Any shorts here need a stop above 6090 for a move up to 6190/6200. Any further gains meet strong resistance at 6250 for a selling opportunity. It looks more likely however that we will head lower today towards first support at 5890 & below here as far as 5810. A good chance of a bounce from here but longs need a stop below 5780. The next downside target is 5755/45 which could hold the downside but a break lower targets 5700/5690. Any longs here need a stop below 5670 for a move down to 5620/5610. This is also yesterday's low and a break below here risks a slide as far as this week's low at 5516.
  • Nat Gas
    13/02/15
    Natural Gas same levels apply for today but a good chance of a recovery. We could reverse yesterday's action & bounce up to 2750/55 initially. If we continue higher look for 2805/10 then perhaps as far as as a retest of strong resistance at 2860/70. Try shorts with stops above 2900. Just be aware that a weekly close tonight above 2870 is a positive buy signal targeting 2950/60 & perhaps as far as 2995/3005 next week before a selling opportunity at 3045/50. Good support at 2680/70 again today but longs need stops below 2640. A break lower targets 2615/10 then 2 week lows & good support at 2571/67.
  • WTI Crude
    13/02/15
    WTI Crude first resistance at 5150/5160 of course & shorts need a stop above 5180 again today. Be ready to go with a break higher to target short-term trendline resistance at 5220/5225 but a break above here is more positive and can target 5245/5255. We should struggle here and a high for the day is certainly not out of the question. However, only a break and a WEEKLY close above 5285/5295 is seen as positive for the start of next week. We can then target 5340, 5360/65 and then this week's high at 5399. Just above here we meet last week's high at 5424. Failure to beat 5150/5160 triggers profit-taking down to 5110/5105 & perhaps as far as 5090. If trying longs here we need a stop below 5070 for a test of short-term trendline support at 5055/5050. Longs need a stop below 5035. A break lower is more negative and targets 5015 then 4990. Any longs here need a stop below 4965 to target 4925/20. We could continue lower in fact as far as good support at 4885/4875. Just be aware that failure here however risks a retest of this week's low at 4805.
  • AUDUSD
    13/02/15
    AUDUSD same levels apply for today & we will need to hold above 7720 to re-target strong resistance at 7765/75. This is absolutely key to direction today. Try shorts again with stops above 7790. However a break higher is a very positive buy signal & targets resistance at 7825/30. We should struggle & a high for the day possible but shorts need stops above 7850. A break higher from here targets 7875/80. Failure to beat strong resistance at 7765/75 however triggers a drift lower to first support at 7720. Try longs with stops below 7700. Be ready to go with a break lower to target 7682/7676 & perhaps as far as 7650/46. If we continue lower this week look for a retest of last week's low at 7625/23.
  • EURUSD
    13/02/15
    EURUSD must now hold above 1.1355/60 to build on gains & re-target 1.1410/15. Outlook is more positive after the breakout of the 3 day range so again today shorts need stops above 1.1430. Be ready to go with a break higher this time to target resistance at 1.1445/50. This is quite a challenge & just above we run in to resistance at 1.1484/98. It is only above here that all the barriers are removed for a retest of last week’s high at 1.1525/32. A high for the day would be expected if we reach this far so try shorts with a stop above 1.1550. Failure to hold above 1.1355 however is more negative & triggers a drift lower to support at 1.1325. Try longs with stops below 1.1305. Be ready to go with a break lower again however to target support at 1.1275/65.
  • Gold
    13/02/15
    Gold same levels apply for today with support at 1220/17 the key to direction again. We are so severely oversold short term & on the daily chart that we continue to look for the start of a recovery. We will need to get back above 1221/22 to target 1225/27 then first resistance at 1229/30. There is a great chance of a break today so any shorts need stops above 1233. Be ready to go with a break higher using 1230 as support for a move towards strong resistance at 1238/39. A high for the day is expected but if trying shorts use stops above 1241. Just be aware that a close above 1239 is a positive signal. A break below 1215 however, although unlikely is another sell signal & could quickly target 1208/07 then 1204. We could eventually continue lower as far as support at 1198.