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Daily free technical analysis reports with trade signals.

Reports for
24/03/2017
  • Corn CME
    24/03/17
    Corn on the way to quite good support at 354/353. A good area for some profit taking on shorts as we become very oversold after losses every day this week (as predicted by your favourite analyst!!!!) but longs look too risky. Further losses target the December low at 350/349. Outlook remains negative but after significant losses every day this week there is always the chance we bottom just above or at 354/353. We should meet strong resistance at 359/360.
  • SXF
    24/03/17
    S&P/TSX 60 bearish 2 month head & shoulders pattern means outlook remains negative as long as we hold below the neckline at 907/908...and luckily we did top here yesterday. Try shorts here again with stops above 910. Next target & strong resistance at 915/916. Try shorts with stops above 919. Failure to beat 907/908 obviously re-targets 900/901. Below 899 look for 895/893. A break below accelerates losses to good short term support at 885. If we continue lower look for a buying opportunity at 878/877 & a good chance of a low for the correction.
Reports for
23/03/2017
  • SXF
    23/03/17
    S&P/TSX 60 bearish 2 month head & shoulders pattern means outlook remains negative as long as we hold below the neckline at 907/908. Try shorts with stops above 910. Next target & strong resistance at 915/916. Try shorts with stops above 919. Failure to beat first resistance at 900/901 targets 895/893. A break below accelerates losses to good short term support at 885, but we do NOT try longs here. If we continue lower look for a buying opportunity at 878/877 & a good chance of a low for the correction.
  • Corn CME
    23/03/17
    Corn trying a break below 359 to confirm further downside, targeting 357 & perhaps as far as quite good support at 354/353. A good area for some profit taking on shorts but longs look too risky. Further losses target the December low at 350/349. Minor resistance at 362/363 but look for a selling opportunity at 367/368, with stops above 370.
Reports for
22/03/2017
  • Emini Dow Jones
    22/03/17
    Emini Dow Jones broke 20800/790 as predicted for a sell signal targeting 20730/720, 20650/640 & good support at 20580/560. As I write over night we bottomed exactly here. This is a good area for profit taking on shorts if you feel the need to bank around 200 ticks but the outlook remains negative. A break below 20540 targets 20510/500, & 20400/390. If we continue lower look for 20350/340 & 20290/280 before support at 20210/200 for some profit taking on shorts. Gains are likely to be limited with first resistance at 20630/640 but above here look for a selling opportunity at 20780/790, with stops above 20850.
  • S&P
    22/03/17
    Emini S&P headed lower exactly as predicted to hit the 2352/51 target & in fact continued lower to 2337 as I write. It was a very risky call to expect such a correction in a bull trend...so I'm very happy (& happy with my short position & long VIX). Further losses are likely so it is worth holding our shorts targeting 2332/31, 2325 & perhaps as far as strong support at 2317/15. At this stage we should be profit taking on the approach to this support. A good chance of a low for the day. Try longs with stops below 2310. We meet quite strong short term resistance at 2348/50 on any bounce. Try shorts with stops above 2356. If we continue higher look for a selling opportunity at 2368/70, with stops above 2376.
  • Bund
    22/03/17
    Bund important resistance for today is at 159.76/81. Surprise, surprise. Shorts need stops above this week's high at 159.96. A break above 160.00 therefore targets 160.12/15 before strong resistance at 160.40/45. This level worked perfectly last week of course & a high for the day certainly possible here again. Shorts need stops above 160.55 & a break higher this week is a buy signal targeting 160.65 then 160.90/95. Failure to hold above first resistance at 159.76/81 re-targets minor support at 159.40 before 159.13/09, also yesterday's low of course. On a break lower look for 158.93/88 before the 158.73 low last week. A break lower this week certainly possible & targets 158.68/65 then 158.55/52 before the February low for the June contract at 158.40 then January low at 158.29/26.
  • Dax
    22/03/17
    Dax outlook remains negative as we test minor support at 11920/910. Be ready to sell a break below here if you are not already short (but you should be after all my warnings that we are going lower!!) targeting 11830/820 then a buying opportunity at 11770/760, with stops below 11700. On any recovery gains are likely to be limited with first resistance at 11975 but we could top at 12005/015. However on further gains look for a selling opportunity at 12080/090, with stops above 12140.
  • Gold
    22/03/17
    Gold higher this week exactly as predicted as we top just a fraction from the upper target of 1248/49. WE SHOULD HAVE TAKEN PROFIT ON ALL LONGS THEREFORE. This is the 500 week moving average area & it is too risky to run longs any further, but shorts here look too risky as well. Therefore it is time to watch & wait for the next opportunity...not risk blowing our profits on a high risk trade. On a break above 1250 we could target strong resistance at 1259/1261. Try shorts with stops above 1266. On the downside look for minor support at 1237/36 then much better support at 1230/29. Try longs with stops below 1224. Below here is less positive for today & risks a slide to 1220/1219 & perhaps as far as 1215 before the best support for this week at 1210/09. Try longs with stops below 1203. A bounce from 1210/09 is expected targeting 1215 then 1219 & perhaps as far as 1224/25.
  • EURUSD
    22/03/17
    EURUSD finally hits our target & selling opportunity at 1.0820/30 (to within 1 pip!). Exit any longs on the approach to this level & try shorts with stops above 1.0865. If a break above the February high at 1.0828 is sustained (ideally a 2 day close above) the outlook turns positive initially targeting 200 day moving average resistance at 1.0890. Failure to beat 1.0820/30 as we expect targets 1.0780/75 then minor support at 1.0745/40, perhaps as far as minor support at 1.0705/1.0695 for some profit taking on shorts.
  • USDJPY
    22/03/17
    USDJPY has important support at 111.40/30. Try longs with stops below 111.00. A break lower is a sell signal despite oversold conditions targeting 110.80 & 110.50/40, perhaps as far as 110.00/109.90. Holding important support at 111.40/30 as we expect targets 111.75/80 then resistance at 112.20/30. If we continue higher look for strong short term resistance at 112.80/90 for profit taking on all longs.
  • AUDUSD
    22/03/17
    AUDUSD shorts working perfectly as we hit the first target & minor support at 7670/65. Further losses are expected targeting 7650/45 before a buying opportunity at 7610/00. A low for the day is likely but a bounce may only reach 7650/60, so longs may not be worth the risk. A sustained break below 7590 targets a good buying opportunity at 7535/15. Minor resistance at 7685/90 & bears look like they are back in control so gains are likely to be limited. If we continue higher look for a retest of important resistance at 7740/41. Try shorts with stops above the November high at 7777. On a break higher however we should see 7745/40 act as strong support (to buy in to a long position) targeting 2016 high & Fibonacci resistance at 7830/40. Exit longs & try shorts with stops above 7880. Failure to beat important resistance at 7740/41 re-targets
  • SXF
    22/03/17
    S&P/TSX 60 bearish 2 month head & shoulders pattern kicking in as we head lower exactly as predicted from the beginning of March. We just held the neckline at 906/907 yesterday hitting the 895 target. Outlook remains negative so break below here today is likely & accelerates losses to good short term support at 885, but we do NOT try longs here. If we continue lower look for a buying opportunity at 878/877 & a good chance of a low for the correction. Obviously first resistance at 900 but try shorts at 907/908 if we reach this far, with stops above 910. Next target & strong resistance at 915/916. Try shorts with stops above 919.
Reports for
21/03/2017
  • Emini Dow Jones
    21/03/17
    Emini Dow Jones support at 20800/790 is the most important of the week. Longs are risky but if you try use need stops below 20750. You know I am concerned about a correction & it could finally materialise this week. A break lower therefore is a sell signal targeting 20730/720 then support at 20650/640 & perhaps as far as good support at 20580/560. Holding support at 20800/790 re-targets minor resistance at 20910/920. On further gains look for 21021/25 before the all time high at 21059/062. I would try a short on the approach, looking for the negative double top pattern to form at the important 6 year trend line resistance at 21200/220.
  • S&P
    21/03/17
    Emini S&P I do think there is a good chance this market will head lower in the short term & as I said last week the risk is worth taking. We are testing the best support for today at 2369/67 as I write over night. I would not try longs here but would use a break below as further negative confirmation & a rejection of the longer term trend line resistance at 2410/2415. Be ready to sell a break below 2367 (if not already short) to target 2362/61, last week low at 2355/54 & 2 week lows at 2352/51 (for the June contract). Holding the best support for today at 2369/67 targets 2376/77 & 2382/83. Four month trend line resistance at 2396/99 is key to short term direction & may be try a short here with stops above 2420. Longer term trend line resistance at 2410/2415 is most important to watch this week & I do think it is worth being in a short position as long as we hold below here. The risk is definitely worth the potential reward. A break above 2425 however stops us out of shorts.
  • Bund
    21/03/17
    Bund closed just above 159.76/81 so we need an open above here to build a recovery & above yesterday's high of 159.96 targets 160.12/15 before strong resistance at 160.40/45. This level worked perfectly last week of course & a high for the day certainly possible here again. Shorts need stops above 160.55 & a break higher this week is a buy signal targeting 160.65 then 160.90/95. Failure to hold above first resistance at 159.76/81 re-targets minor support at 159.40. Further losses target 159.13/09 then 158.93/88 before the 158.73 low last week. A break lower this week certainly possible & targets 158.68/65 then 158.55/52 before the February low for the June contract at 158.40 then January low at 158.29/26.
  • Dax
    21/03/17
    Dax June outlook is more negative as long as we trail below the 5.5 year trend line resistance. (Note the Emini S&P & Dow Jones are also holding below similar trend lines). Holding below 4.5 month trend line resistance at 12115/125 today is more negative & targets minor support at 12020/010, but too risky to try longs here. A break lower targets minor support at 11920/910. Be ready to sell a break below here targeting 11830/820 then a buying opportunity at 11770/760, with stops below 11700. 5.5 year trend line resistance at 12200/210 is the most important resistance of the week of course. A break above 12250 would be quiet unexpected but could target important 6 year strong trend line resistance at 12350/360. Try shorts with stops above 12420.
  • WTI Crude
    21/03/17
    WTI Crude failure to beat first resistance at 4890/4900 keeps us trading sideways to lower. We are trading around the 4830/20 level as I write over night. On further losses look for 4780 (we bottomed only 4 ticks above here yesterday) before some support at the 4710/4706 low. Be ready to sell a break below 4690 however to target the 500 day & 100 week moving average support at 4655/45. This is the only support I would consider trying a long this week. Stop below 4600. First resistance at 4890/4900 but above here re-targets 4950/60, perhaps as far as strong resistance at 5010/20. A good chance of a high for the day here. Try shorts, but ideally with stops above the 100 day moving average at 5075.
  • Gold
    21/03/17
    Gold outlook remains positive & we are holding above the 1230/31 level targeting the 200 week moving average at 1237/38 then 1243/44 & perhaps as far as 1248/49 this week. Longs at 1231/30 need stops below minor support at 1225. Below here is less positive for today & risks a slide to 1220/1219 & perhaps as far as 1215 before the best support for this week at 1210/09. Try longs with stops below 1203. A bounce from 1210/09 is expected & targets 1215 then 1219 & perhaps as far as 1224/25.
  • GBPUSD
    21/03/17
    GBPUSD hit strong resistance at 1.2390/1.2400 remains the most important resistance of the week. Shorts need stops above 1.2440!! Be ready to buy a break higher to target minor resistance at 1.2475/80 & perhaps as far as 1.2525/30. Failure to beat important resistance at 1.2390/1.2400 targets first support at 1.2340/30 (& the pair bottomed exactly here yesterday). On further losses look for 1.2290/85 then good support at 1.2250/40 for profit taking on any remaining shorts (from 1.2390/1.2400).
  • EURUSD
    21/03/17
    EURUSD bottomed only 3 pips above first support at 1.0720/10 & we are seeing a good bounce to 1.0758 as I write over night. Not a surprise with the outlook still quite positive. A break above last week's high at 1.0780/82 targets 1.0800 & strong resistance at 1.0820/30. Exit any longs on the approach to this level & try shorts with stops above 1.0865. If a break above the February high at 1.0828 is sustained (ideally a 2 day close above) the outlook turns positive initially targeting 200 day moving average resistance at 1.0890. First support at 1.0720/10 could hold the downside again today but below here targets 1.0675/70. On further losses look for a buying opportunity at 1.0640/30, with stops below 1.0600.
  • USDJPY
    21/03/17
    USDJPY hits the 112.60/50 target & although this held almost perfectly yesterday we could reach 112.00/111.95 today. We are becoming oversold in the short term & on the daily chart. Exit any shorts you are holding here therefore & try longs at 111.90/80, with stops below 111.50. Just be aware that a break lower (& close for confirmation) is a sell signal with a breakout of the sideways range. Minor resistance at 112.50/55 & again at 112.90 but stronger resistance at 113.40/50 should see a high for the day on any recovery. It is mid range so shorts are a little risky....if you try, stop above 113.90. Next target at 114.20/25 & 114.50/60. We don't meet strong resistance until the upper channel trend line at 115.40/50.
  • AUDUSD
    21/03/17
    AUDUSD edged higher to the February high at 7740/41 & also the 11 month trend line resistance here so this is the most important resistance of the day of course. Try shorts with stops above the November high at 7777. On a break higher we should see 7745/40 act as strong support (to buy in to a long position) targeting 2016 high & Fibonacci resistance at 7830/40. Exit longs & try shorts with stops above 7880. Failure to beat important resistance at 7740/41 re-targets minor support at 7670/65 & 7635/30 this week. If we continue lower look for a buying opportunity at 7610/00. Try longs with stops below 7570.
Reports for
17/03/2017
  • Soybeans CME
    17/03/17
    Soybeans unable to beat first resistance at 1007/06 despite oversold conditions & holding here in the negative trend re-targets 1000 & 998/997 before the 993/992 low. This is the best chance of a low for the day again but but a break lower targets 990/989. First resistance at 1006/07 but above here targets minor trend line resistance at 1009/10 before a selling opportunity at 1014/15. A high for the day expected but shorts need stops above 1017. An unexpected break higher targets 1022.
  • Corn CME
    17/03/17
    Corn first resistance at 368/369 is a good selling opportunity, with stops above 370. A break higher is unlikely but targets resistance at 373/374. Risks are still to the downside despite oversold conditions & failure to beat first resistance at 368/369 targets 365/366 then 363. If we continue lower look for 360/359. On further losses in to next week look for 357 & perhaps as far as quite good support at 354/353.