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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.
Reports for
12/02/2015
  • Ftse
    12/02/15
    FTSE meets support at 6770/65 then the 2 day low at 6730/20 but on a break lower today look for very good support at 6705/6700. Buy here with a stop below 6685. A break lower however is a sell signal. 6705 should then work as resistance for a move towards 6675/70. First resistance at 6785/90 but shorts need stops above 6800 for a retest of 6828/31. A break higher this week meets last week's 6849 highs. A breakout & close above 6849 today is more positive for this week & targets 6870/80 then 2014 highs at 6900/6907. Obviously a break & close above here is a positive buy signal & targets 6770.
  • Eurostoxx
    12/02/15
    EuroStoxx key to direction is 3385/80. Holding above here targets this week’s high at 3404 then 3415 & perhaps as far as a retest of 3427/3430 highs. Try shorts with stops above 3438. However a break higher is obviously positive & targets & 3472/74, then important strong longer term, Fibonacci resistance at 3520. Failure to hold 3385/80 targets 3365/62. Longs need stops below 3355 for a move towards good support at 3328/23. Longs need stops below last January lows at 3310/3309. Obviously a break below here would trigger more selling pressure this week to target 3295/94 & perhaps as far as strong short term support at 3265/60. Try longs with stops below 3250.
  • Dax
    12/02/15
    Dax same levels apply for today with no clear direction at this stage. Again we must hold above first support at 10,670/680 to retest resistance at 10,770/790. Again shorts need stops above 10,830. Be ready to go with a break higher today however using 10,790 as support for a move towards 10,875, perhaps as far as resistance at 10,935/50. Just be aware that above tests the all time high & resistance at 10,989. A break & close above is positive & targets 11,040/050 then 11115/25. First support at 10,670/680 of course but below here risks a slide to excellent short term support at 10,585/575. Buy with stops on a move below 10540. Be ready to go with a break lower however using 10,570/575 as resistance for a move towards 10,475/470. This could hold the downside but below here targets 10,410/400 then strong support at 10,320/310. Try longs with stops below 10,270.
Reports for
11/02/2015
  • Brent Crude
    11/02/15
    Brent Crude same levels apply for today with prices not seeing much volatility this week. 5705/5710 is key to direction. Above here targets first resistance at 5805/10. If we continue higher look for another test of 5855/55. A push higher today meets last week's high at 5900/10. We should struggle here but a break higher targets yesterday’s high at 5960. Any shorts need stops above 5985 as we could then continue on to target 6040/45. If we continue higher look for 6095/6100 then 6170/80. Just be aware that any further gains this week meet an excellent selling opportunity at 6230/40. Failure to beat 5710 is quite negative for today & re-targets 5640/30. Be ready to go with a break of yesterday’s low at 5611 to test strong support at 5560/50 for a buying opportunity. A break lower however targets 5490. If this does not hold the downside look for a move towards support at 5430/20. Any further losses however risks a slide to excellent support at 5305/5295.
  • Nat Gas
    11/02/15
    Natural Gas will need to hold above 2680/85 to build on yesterday’s gains & re-target strong resistance at 2745/55. Again a good chance of a high for the day here, to try shorts with a stop above 2785. A break higher today however sees 2750 act as good support for a move up to 2805/10 and perhaps as far as strong resistance at 2860/70. Try shorts here with a stop above 2900. Failure to hold above 2680/70 targets 2640/30 & if this does not hold the downside look for a test of support at 2575/2565. Try longs in this area with a stop below 2550. However be ready to go with a break lower to target 2490/85 & perhaps as far as 2460/55.
  • WTI Crude
    11/02/15
    WTI Crude key to direction today is first resistance at 5130/40. Failure to beat this area should trigger a move lower to 5070/65 then a retest of good support at 5000/4990. Try longs with stops below 4950. Be ready to go with a break lower however using 4990 as resistance for a move towards 4905 & perhaps as far as 4890/80. This could hold the downside but longs need stops below 4850. A break lower targets 4830 then strong support at 4770/60 for a buying opportunity with stops below 4730. Watch first resistance at 5130/40. Shorts need stops above 5175 & be ready to go with a break higher using 5140 as support for a move towards 5235/45. We should struggle here but shorts need stops above 5255. A break higher could target 5320/30 for a selling opportunity with stops above 5350.
  • USDJPY
    11/02/15
    USDJPY dipped back to support at 119.25/20 & as long as this holds today we should see moves back up to 119.60/65. Be ready to go with a break higher again today to target 119.90/95. Any further gains this week could see a jump up to 120.45/50 and then test January highs at 120.74. Important support at 119.25/20 is key to direction. If we cannot hold above, this signals a false breakout yet. Longs need stops below 119.05. A break lower targets 118.90/85 & below here risks a slide to support at 118.50/45. If trying longs here (be careful) we need stops below 118.30. A break lower could target 117.90/80.
  • Gold
    11/02/15
    Gold key to direction today is 1237/36 once again & back below here keeps the market under pressure to retest last week’s low at 1229/28. A break lower this week is possible & targets good support at 1222/20. This is probably the most important level of the week. Look for a bounce from here & a low for the week. Try longs with stops below 1216. However be ready to go with a break lower as this is another sell signal & could quickly target 1208/07 then 1204. We could eventually continue lower as far as support at 1198. Holding above 1238 is more positive & a break above 1243/44 opens the door to a test of strong resistance at 1253/54. Try shorts with stops above 1257. A break higher is unlikely but would target resistance at 1263/64.
  • S&P
    11/02/15
    Emini S&P be ready to go with a break above 2068. This is a very positive signal & we should then target 2073, 2076 & the all time high at 2086/2088.75. Try shorts with stops above 2091. First support at 2059/58 but below targets 2053. If we continue lower look for good support at 2045/44. Try longs with stops below 2041. A break lower sees 2044 work as resistance however, for a move to 2038/37 & perhaps as far as good support at 2031/30. Buy with stops on a move below 2025 for the next target & support at 2021/20. Try longs here with stops below 2016.
Reports for
10/02/2015
  • Emini Dow Jones
    10/02/15
    Emini Dow Jones overbought and chances are we will continue lower. First support level at 17,680/670 is key to direction and if this does not hold the downside we are likely to retest yesterday’s low at 17,624 & perhaps see 17,615/600. However we don't meet strong support until the 17,500/17,535 area. There is a good chance of a low for the day here but longs need a stop below 17,500. Be ready to go with a break lower to target the next support level at 17,460/17,430. Try longs here with a stop below 17,400. Holding above 17,680/670 allows a move towards first resistance at 17,750/770 but above here is more positive for today at least and could target 17,820/830. If we continue higher retest of 17,890/900 could be seen and it is worth trying shorts with a stop above 17,930. A break higher however could target 17,980/990.
  • E Mini Nasdaq
    10/02/15
    E-Mini Nasdaq outlook is not particularly positive so watch our first support level at 4199/4198. Longs need stops below 4190 to target 4185 then support at 4177/4176 but if trying longs we need stops below 4166. If this does not hold the downside however look for a test of better support at 4156/4155. This is an excellent buying opportunity and it is worth trying longs with a stop below 4140. First resistance at 4225/4230 but above here is more positive for today at least and targets 4243 then 4252. If we continue higher look for a retest of last week's high at 4268 but only just above here we run into 2.5 month trendline resistance at 4276/79. A good chance of a high for today and it is worth trying shorts with a stop above 4290.
  • Mini Russell 2000
    10/02/15
    Mini Russell 1199/98 level is key to direction again today. Failure beat this first resistance retests 1194/93 but we could continue lower today to support at 1190/89. A bounce from here is likely but below here targets 1182/81. If we continue lower look for good support at 1174/73. Buy with stops on a move below 1168. First resistance at 1199/98 to try shorts, with stops above 1205. Be ready to go with a break higher however for a move towards last week’s high at 1213/14. Just be aware that a break higher this week targets the all time high at 1220.
  • S&P
    10/02/15
    Emini S&P failure to beat quite strong resistance at 2045/44 sees a retest of support at 2038/37. We could continue lower today however to test good support at 2031/30. A low for the day is possible here, but longs need stops below 2025 for the next target of 2021/20. It should be worth trying longs here with stops below 2016. However a break lower sees 2020/21 act as resistance for a move towards the next support at 2010/2008. Try longs with stops below 2004. First resistance at 2044/45 is the main challenge to a recovery. Above here is more positive & targets resistance at 2052/2053. We should struggle here & a high for the day possible but shorts need stops above 2057 for a test of resistance at 2063. Try shorts with stops above 2068. An unexpected break higher is very positive however & we should then target 2073, 2076 & the all time high at 2086/2088.75.