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TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
GOLD
ST Trend Down RANGE REVERSAL 22.48
SWING POINT 1279.21 SWING TARGET 1261.70
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1298.34 1299.71 -
SUPPORTS 1280.60 1271.98 -
Comment : 1* The downside objectives for this formation range from 1261.70 to 1260.10 with a close over
1297.44 needed to negate a bear trading stance. 2* Market is within proximity of this week's projected
support range of 1256.30- 1272.84, which may provide a likely zone for bottoming action or rebounds.
SILVER
ST Trend Down RANGE REVERSAL 49.00
SWING POINT 19.1706 SWING TARGET 1888.50
MAY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 19.6428 19.6935 -
SUPPORTS 19.2014 19.0200 -
Comment: 1* The downside objectives for this formation range from 1888.50 to 1863.50 with a close over
1979.24 needed to negate a bear trading stance. 2* Market is within proximity of this week's projected
resistance range of 2001.62- 1962.00, which may provide a likely zone for topping action or setbacks.
COPPER
ST Trend Down RANGE REVERSAL 6.11
SWING POINT 3.0579 SWING TARGET 2.9475
MAY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 3.0739 3.0827 -
SUPPORTS 3.0223 3.0155 -
Comment: 1* Double Inside Day favors continuation of the previous trend today-tomorrow with a move
beyond the range high of 2 days ago (306.20). 2* Market is challenging a previous daily swing high and may
attempt a breakout. Closing beyond 308.00 calls for continuation rallies. A failure around 308.00 cautions for a
reactionary setback. 3* Market is within proximity of this week's projected resistance range of 310.09-306.80,
which may provide a likely zone for topping action or setbacks.
Commodities | Precious - Metals
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
CRUDE OIL
ST Trend Up RANGE REVERSAL 1.56
SWING POINT 104.89 SWING TARGET 105.62
MAY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 105.14 105.29 -
SUPPORTS 103.71 103.56 -
Comment: 1* Market showing a preliminary breakout over a previous weekly swing high and needs to
quickly extend rallies into a close beyond 104.48. Failure to extend the breakout today-tomorrow alerts for a
bull failure. A close under 101.80 helps confirm a breakout failure. 2* Double Inside Day favors continuation
of the previous trend today-tomorrow with a move beyond the range high of 2 days ago (104.99). 3* Market
is challenging a previous daily swing high and may attempt a breakout. Closing beyond 104.55 calls for
continuation rallies. A failure around 104.55 cautions for a reactionary setback. 4* The upside target zone for
this pattern is from 105.62 to 106.44 with a close under 103.62 needed to negate a bull trading stance.
NATURAL GAS
ST Trend Up RANGE REVERSAL 1.82
SWING POINT 4.674 SWING TARGET 4.942
MAY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 4.769 4.829 -
SUPPORTS 4.638 4.628 -
Comment: 1* Yesterday's turn from an overbought condition and failed swing over the previous stochastic
extreme alerts for a significant turnaround that should produce reactionary selloffs over the next several days
barring a close over 47.50 or penetration of the most recent high. A likely minimum reactionary selloff would
be a move to 46.01. 2* The upside target zone for this pattern is from 49.42 to 50.08 with a close under 46.01
needed to negate a bull trading stance. 3* Market is within proximity of this week's projected resistance range
of 48.92-48.15, which may provide a likely zone for topping action or setbacks.
Commodities | ENERGY
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
MINI S&P
ST Trend Down RANGE REVERSAL 24.59
SWING POINT 1866.59 SWING TARGET 1802.00
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1875.15 1878.58 -
SUPPORTS 1854.91 1850.75 -
Comment: 1* Yesterday's retracement against the outside day 6 days ago hurts reliability for bear follow-
through moves. 2* Market is challenging a previous daily swing high and may attempt a breakout. Closing
beyond 1867.10 calls for continuation rallies. A failure around 1867.10 cautions for a reactionary setback. 3*
Yesterday's close has penetrated above a key (1858.23) resistance point, implying a trend turn and follow-
through moves in coming days. 4* Market is within proximity of this week's projected support range of
1834.30-1856.30, which may provide a likely zone for bottoming action or rebounds.
MINI DOW
ST Trend Up RANGE REVERSAL 1.92
SWING POINT 16399 SWING TARGET 16594
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 16462 16483 -
SUPPORTS 16294 16264 -
Comment : 1* The upside target zone for this pattern is from 165.94 to 168.87 with a close under 160.76
needed to negate a bull trading stance. 2* Market is within proximity of this week's projected support range
of 161.13-162.71, which may provide a likely zone for bottoming action or rebounds.
MINI NASDAQ
ST Trend Down RANGE REVERSAL 72.43
SWING POINT 3558.94 SWING TARGET 3359.50
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 3580.18 3587.25 -
SUPPORTS 3420.63 3508.58 -
T Bonds | INDICES
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
Comment: 1* Yesterday's close has penetrated above a key (3525.11) resistance point, implying a trend turn and
follow-through moves in coming days. 2* The downside objectives for this formation range from 3359.50 to
3255.25 with a close over 3553.66 needed to negate a bear trading stance. 3* Market is within proximity of this
week's projected support range of 3478.63-3514.33, which may provide a likely zone for bottoming action or
rebounds.
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
SOYBEANS
ST Trend Up RANGE REVERSAL 38.75
SWING POINT 1468.66 SWING TARGET 1550.25
JULY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1501.51 1506.00 -
SUPPORTS 1475.65 1458.50 -
Comment: 1* Yesterday's Range Reversal from an overbought condition suggests a significant turnaround
that should produce reactionary selloffs over the next several days barring a close over 1502.86 or penetration
of yesterday's high. A likely reactionary selloff would be a move to 1415.48. 2* The upside target zone for this
pattern is from 1550.25 to 1568.50 with a close under 1470.23 needed to negate a bull trading stance. 3*
Market is within proximity of this week's projected support range of 1465.96-1484.75, which may provide a
likely zone for bottoming action or rebounds. 4* Yesterday's penetration of support range levels gives a
statistical bias for declines today-tomorrow.
SOYMEAL
ST Trend Up RANGE REVERSAL 11.10
SWING POINT 482.89 SWING TARGET 493.60
JULY FUTURE LEVE1 LEVEL2 LEVEL3
RESISTANCES 481.30 482.38 -
SUPPORTS 472.34 468.50 -
Comment: 1* Yesterday's Range Reversal from an overbought condition suggests a significant turnaround
that should produce reactionary selloffs over the next several days barring a close over 479.42 or penetration
of yesterday's high. A likely reactionary selloff would be a move to 445.88. 2* The upside target zone for this
pattern is from 493.60 to 499.60 with a close under 469.33 needed to negate a bull trading stance. 3* Market is
within proximity of this week's projected support range of 468.86-474.80, which may provide a likely zone for
bottoming action or rebounds. 4* Yesterday's penetration of support range levels gives a statistical bias for
declines today-tomorrow.
Commodities | GRAINS
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
SOYBEAN OIL
ST Trend Up RANGE REVERSAL 1.01
SWING POINT 42.76 SWING TARGET 44.83
JULY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 43.70 44.79 -
SUPPORTS 42.85 42.49 -
Comment: 1* Yesterday's Range Reversal from an overbought condition suggests a significant turnaround that
should produce reactionary selloffs over the next several days barring a close over 43.55 or penetration of
yesterday's high. A likely reactionary selloff would be a move to 41.56. 2* Double Inside Day favors
continuation of the previous trend today tomorrow with a move beyond the range high of 2 days ago (43.95). 3*
The upside target zone for this pattern is from 44.83 to 45.01 with a close under 42.75 needed to negate a bull
trading stance. 4* Market is within proximity of this week's projected support range of 42.36-43.20, which may
provide a likely zone for bottoming action or rebounds. 5* Yesterday's penetration of support range levels gives
a statistical bias for declines today-tomorrow.
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
WHEAT
ST Trend Neutral RANGE REVERSAL 28.75
SWING POINT 666.66 SWING TARGET None
JULY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 685.13 690.65 -
SUPPORTS 664.71 646.75 -
Comment : 1* Market is within proximity of this week's projected resistance range of 725.50-690.09, which
may provide a likely zone for topping action or setbacks.
CORN
ST Trend Down RANGE REVERSAL 11.52
SWING POINT 489.53 SWING TARGET 488.50
JULY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 498.15 499.28 -
SUPPORTS 487.99 484.00 -
Comment: 1* Market showing a breakout under a previous daily swing low and should quickly extend selloffs.
Failure to extend the breakout now alerts for a bear failure. A close back over 499.25 signals a breakout failure
and turnaround. 2* Yesterday's close signals breakout under a previous daily swing low and should prompt
continuation selloffs the next 1-3 days. Sustained trade under the previous low will help motivate selloffs.
Corrections should not close above 499.25 to maintain the breakout. 3* The downside objectives for this
formation range from 488.50 to 486.50 with a close over 504.50 needed to negate a bear trading stance. 4*
Market is within proximity of this week's projected support range of 483.92-488.00, which may provide a likely
zone for bottoming action or rebounds.
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
SUGAR
ST Trend Down RANGE REVERSAL 0.44
SWING POINT 17.64 SWING TARGET 16.83
JULY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 17.71 17.80 -
SUPPORTS 17.32 17.26 -
Comment: 1* The market has shifted into a sideways congestion zone in recent days. A close beyond 17.95 or
an intraday rally past 18.07 signals an upside breakout. A close below 17.24 or an intraday selloff below 17.17
signals a downside breakout. 2* The downside objectives for this formation range from 16.83 to 16.76 with a
close over 17.70 needed to negate a bear trading stance. 3* Market is within proximity of this week's projected
resistance range of 18.07-17.74, which may provide a likely zone for topping action or setbacks. 4* Yesterday's
penetration of resistance range levels gives a statistical bias for rallies today-tomorrow.
COFFEE
ST Trend Down RANGE REVERSAL 13.21
SWING POINT 197.24 SWING TARGET 184.40
JULY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 204.45 207.93 -
SUPPORTS 194.89 192.86 -
Comment : 1* The downside objectives for this formation range from 184.40 to 171.10 with a close over 202.17
needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance
range of 214.33-205.05, which may provide a likely zone for topping action or setbacks.
COCOA
ST Trend Up RANGE REVERSAL 0.46
SWING POINT 2993.00 SWING TARGET 3048.00
JULY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 3024.00 3028.00 -
SUPPORTS 2982.00 2979.00 -
Comment: 1* The upside target zone for this pattern is from 30.48 to 30.56 with a close under 29.83 needed to
negate a bull trading stance. 2* Market is within proximity of this week's projected resistance range of 30.54-
30.27, which may provide a likely zone for topping action or setbacks. 3* Yesterday's penetration of support
range levels gives a statistical bias for declines today-tomorrow.
Commodities | SOFTS
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
COTTON
ST Trend Neutral RANGE REVERSAL 2.20
SWING POINT 92.90 SWING TARGET None
JULY FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 93.25 93.50 -
SUPPORTS 91.44 91.25 -
Comment: 1* Market is challenging a previous daily swing high and may attempt a breakout. Closing beyond
92.91 calls for continuation rallies. A failure around 92.91 cautions for a reactionary setback. 2* Market is within
proximity of this week's projected support range of 90.16-92.21, which may provide a likely zone for bottoming
action or rebounds.
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
EURO
ST Trend Up RANGE REVERSAL 0.75
SWING POINT 1.3780 SWING TARGET 1.3748
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1.3829 1.3833 -
SUPPORTS 1.3761 1.3754 -
Comment : 1* The downside objectives for this formation range from 137.48 to 137.10 with a close over 138.34
needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance
range of 138.96-137.94, which may provide a likely zone for topping action or setbacks.
B POUND
ST Trend Up RANGE REVERSAL 0.87
SWING POINT 1.6772 SWING TARGET 1.6892
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1.6836 1.6849 -
SUPPORTS 1.6759 1.6751 -
Comment: 1* Market showing a preliminary breakout over a previous weekly swing high and needs to
quickly extend rallies into a close beyond 168.05. Failure to extend the breakout today-tomorrow alerts for a
bull failure. A close under 166.76 helps confirm a breakout failure. 2* The market is following a bull channel.
A close over 169.15 or rally beyond 169.40 today signals a breakout and acceleration up from the channel. An
upside channel breakout may not show rallies the next day, but carries a strong bias for advances in the
coming 2-5 days. A close under 166.64 or drop under 166.39 today signals a downturn from the bull channel.
3* Market is challenging a previous daily swing high and may attempt a breakout. Closing beyond 168.12
calls for continuation rallies. A failure around 168.12 cautions for a reactionary setback. 4* The upside target
zone for this pattern is from 168.92 to 169.70 with a close under 167.06 needed to negate a bull trading stance.
Forex | CURRENCIES
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
J YEN
ST Trend Down RANGE REVERSAL 0.72
SWING POINT 0.9735 SWING TARGET None
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 0.9774 0.9783 -
SUPPORTS 0.9711 0.9708 -
Comment: 1* Market is within proximity of this week's projected resistance range of 98.46-97.62, which may
provide a likely zone for topping action or setbacks.
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
AUSSIE$
ST Trend Down RANGE REVERSAL 0.76
SWING POINT 0.9276 SWING TARGET 0.9255
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 0.9331 0.9338 -
SUPPORTS 0.9263 0.9253 -
Comment: 1* The downside objectives for this formation range from 92.55 to 92.15 with a close over 93.26
needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance
range of 94.15-93.23, which may provide a likely zone for topping action or setbacks.
CANADIAN$
ST Trend Down RANGE REVERSAL 0.59
SWING POINT 0.9077 SWING TARGET 0.9028
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 0.9091 0.9096 -
SUPPORTS 0.9038 0.9029 -
Comment: 1* Double Inside Day favors continuation of the previous trend today-tomorrow with a move
beyond the range low of 2 days ago (90.49). 2* The downside objectives for this formation range from 90.28 to
90.06 with a close over 90.90 needed to negate a bear trading stance. 3* Market is within proximity of this
week's projected resistance range of 91.59-90.82, which may provide a likely zone for topping action or
setbacks.
SWISS FRANC
ST Trend Up RANGE REVERSAL 0.72
SWING POINT 1.1296 SWING TARGET 1.1275
JUNE FUTURE LEVEL1 LEVEL2 LEVEL3
RESISTANCES 1.1339 1.1344 -
SUPPORTS 1.1273 1.1267 -
Comment: 1* The downside objectives for this formation range from 112.75 to 112.45 with a close over 113.60
needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance range
of 114.21-113.08, which may provide a likely zone for topping action or setbacks.
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com
Disclaimer: This Report Is only for General Information. Opinions/Estimates Contained Herein is Subject to Change without
Notice. The Data/Information Herein Provided Is Believed to Be Reliable But Does Not Warrant for Its Accuracy/Completeness. We
are Not Liable for Any Action Taken by Any Party Based on the above Information. This Material Is Not Intended As An Offer Or
Solicitation for the Purchase or Sale of Any Financial Instrument.
TECHNICAL ANALYSIS REPORT
April 22, 2014
Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com

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Technical analysis report (april 22, 2014)

  • 1. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com GOLD ST Trend Down RANGE REVERSAL 22.48 SWING POINT 1279.21 SWING TARGET 1261.70 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 1298.34 1299.71 - SUPPORTS 1280.60 1271.98 - Comment : 1* The downside objectives for this formation range from 1261.70 to 1260.10 with a close over 1297.44 needed to negate a bear trading stance. 2* Market is within proximity of this week's projected support range of 1256.30- 1272.84, which may provide a likely zone for bottoming action or rebounds. SILVER ST Trend Down RANGE REVERSAL 49.00 SWING POINT 19.1706 SWING TARGET 1888.50 MAY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 19.6428 19.6935 - SUPPORTS 19.2014 19.0200 - Comment: 1* The downside objectives for this formation range from 1888.50 to 1863.50 with a close over 1979.24 needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance range of 2001.62- 1962.00, which may provide a likely zone for topping action or setbacks. COPPER ST Trend Down RANGE REVERSAL 6.11 SWING POINT 3.0579 SWING TARGET 2.9475 MAY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 3.0739 3.0827 - SUPPORTS 3.0223 3.0155 - Comment: 1* Double Inside Day favors continuation of the previous trend today-tomorrow with a move beyond the range high of 2 days ago (306.20). 2* Market is challenging a previous daily swing high and may attempt a breakout. Closing beyond 308.00 calls for continuation rallies. A failure around 308.00 cautions for a reactionary setback. 3* Market is within proximity of this week's projected resistance range of 310.09-306.80, which may provide a likely zone for topping action or setbacks. Commodities | Precious - Metals
  • 2. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com CRUDE OIL ST Trend Up RANGE REVERSAL 1.56 SWING POINT 104.89 SWING TARGET 105.62 MAY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 105.14 105.29 - SUPPORTS 103.71 103.56 - Comment: 1* Market showing a preliminary breakout over a previous weekly swing high and needs to quickly extend rallies into a close beyond 104.48. Failure to extend the breakout today-tomorrow alerts for a bull failure. A close under 101.80 helps confirm a breakout failure. 2* Double Inside Day favors continuation of the previous trend today-tomorrow with a move beyond the range high of 2 days ago (104.99). 3* Market is challenging a previous daily swing high and may attempt a breakout. Closing beyond 104.55 calls for continuation rallies. A failure around 104.55 cautions for a reactionary setback. 4* The upside target zone for this pattern is from 105.62 to 106.44 with a close under 103.62 needed to negate a bull trading stance. NATURAL GAS ST Trend Up RANGE REVERSAL 1.82 SWING POINT 4.674 SWING TARGET 4.942 MAY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 4.769 4.829 - SUPPORTS 4.638 4.628 - Comment: 1* Yesterday's turn from an overbought condition and failed swing over the previous stochastic extreme alerts for a significant turnaround that should produce reactionary selloffs over the next several days barring a close over 47.50 or penetration of the most recent high. A likely minimum reactionary selloff would be a move to 46.01. 2* The upside target zone for this pattern is from 49.42 to 50.08 with a close under 46.01 needed to negate a bull trading stance. 3* Market is within proximity of this week's projected resistance range of 48.92-48.15, which may provide a likely zone for topping action or setbacks. Commodities | ENERGY
  • 3. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com MINI S&P ST Trend Down RANGE REVERSAL 24.59 SWING POINT 1866.59 SWING TARGET 1802.00 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 1875.15 1878.58 - SUPPORTS 1854.91 1850.75 - Comment: 1* Yesterday's retracement against the outside day 6 days ago hurts reliability for bear follow- through moves. 2* Market is challenging a previous daily swing high and may attempt a breakout. Closing beyond 1867.10 calls for continuation rallies. A failure around 1867.10 cautions for a reactionary setback. 3* Yesterday's close has penetrated above a key (1858.23) resistance point, implying a trend turn and follow- through moves in coming days. 4* Market is within proximity of this week's projected support range of 1834.30-1856.30, which may provide a likely zone for bottoming action or rebounds. MINI DOW ST Trend Up RANGE REVERSAL 1.92 SWING POINT 16399 SWING TARGET 16594 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 16462 16483 - SUPPORTS 16294 16264 - Comment : 1* The upside target zone for this pattern is from 165.94 to 168.87 with a close under 160.76 needed to negate a bull trading stance. 2* Market is within proximity of this week's projected support range of 161.13-162.71, which may provide a likely zone for bottoming action or rebounds. MINI NASDAQ ST Trend Down RANGE REVERSAL 72.43 SWING POINT 3558.94 SWING TARGET 3359.50 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 3580.18 3587.25 - SUPPORTS 3420.63 3508.58 - T Bonds | INDICES
  • 4. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com Comment: 1* Yesterday's close has penetrated above a key (3525.11) resistance point, implying a trend turn and follow-through moves in coming days. 2* The downside objectives for this formation range from 3359.50 to 3255.25 with a close over 3553.66 needed to negate a bear trading stance. 3* Market is within proximity of this week's projected support range of 3478.63-3514.33, which may provide a likely zone for bottoming action or rebounds.
  • 5. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com SOYBEANS ST Trend Up RANGE REVERSAL 38.75 SWING POINT 1468.66 SWING TARGET 1550.25 JULY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 1501.51 1506.00 - SUPPORTS 1475.65 1458.50 - Comment: 1* Yesterday's Range Reversal from an overbought condition suggests a significant turnaround that should produce reactionary selloffs over the next several days barring a close over 1502.86 or penetration of yesterday's high. A likely reactionary selloff would be a move to 1415.48. 2* The upside target zone for this pattern is from 1550.25 to 1568.50 with a close under 1470.23 needed to negate a bull trading stance. 3* Market is within proximity of this week's projected support range of 1465.96-1484.75, which may provide a likely zone for bottoming action or rebounds. 4* Yesterday's penetration of support range levels gives a statistical bias for declines today-tomorrow. SOYMEAL ST Trend Up RANGE REVERSAL 11.10 SWING POINT 482.89 SWING TARGET 493.60 JULY FUTURE LEVE1 LEVEL2 LEVEL3 RESISTANCES 481.30 482.38 - SUPPORTS 472.34 468.50 - Comment: 1* Yesterday's Range Reversal from an overbought condition suggests a significant turnaround that should produce reactionary selloffs over the next several days barring a close over 479.42 or penetration of yesterday's high. A likely reactionary selloff would be a move to 445.88. 2* The upside target zone for this pattern is from 493.60 to 499.60 with a close under 469.33 needed to negate a bull trading stance. 3* Market is within proximity of this week's projected support range of 468.86-474.80, which may provide a likely zone for bottoming action or rebounds. 4* Yesterday's penetration of support range levels gives a statistical bias for declines today-tomorrow. Commodities | GRAINS
  • 6. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com SOYBEAN OIL ST Trend Up RANGE REVERSAL 1.01 SWING POINT 42.76 SWING TARGET 44.83 JULY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 43.70 44.79 - SUPPORTS 42.85 42.49 - Comment: 1* Yesterday's Range Reversal from an overbought condition suggests a significant turnaround that should produce reactionary selloffs over the next several days barring a close over 43.55 or penetration of yesterday's high. A likely reactionary selloff would be a move to 41.56. 2* Double Inside Day favors continuation of the previous trend today tomorrow with a move beyond the range high of 2 days ago (43.95). 3* The upside target zone for this pattern is from 44.83 to 45.01 with a close under 42.75 needed to negate a bull trading stance. 4* Market is within proximity of this week's projected support range of 42.36-43.20, which may provide a likely zone for bottoming action or rebounds. 5* Yesterday's penetration of support range levels gives a statistical bias for declines today-tomorrow.
  • 7. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com WHEAT ST Trend Neutral RANGE REVERSAL 28.75 SWING POINT 666.66 SWING TARGET None JULY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 685.13 690.65 - SUPPORTS 664.71 646.75 - Comment : 1* Market is within proximity of this week's projected resistance range of 725.50-690.09, which may provide a likely zone for topping action or setbacks. CORN ST Trend Down RANGE REVERSAL 11.52 SWING POINT 489.53 SWING TARGET 488.50 JULY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 498.15 499.28 - SUPPORTS 487.99 484.00 - Comment: 1* Market showing a breakout under a previous daily swing low and should quickly extend selloffs. Failure to extend the breakout now alerts for a bear failure. A close back over 499.25 signals a breakout failure and turnaround. 2* Yesterday's close signals breakout under a previous daily swing low and should prompt continuation selloffs the next 1-3 days. Sustained trade under the previous low will help motivate selloffs. Corrections should not close above 499.25 to maintain the breakout. 3* The downside objectives for this formation range from 488.50 to 486.50 with a close over 504.50 needed to negate a bear trading stance. 4* Market is within proximity of this week's projected support range of 483.92-488.00, which may provide a likely zone for bottoming action or rebounds.
  • 8. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com SUGAR ST Trend Down RANGE REVERSAL 0.44 SWING POINT 17.64 SWING TARGET 16.83 JULY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 17.71 17.80 - SUPPORTS 17.32 17.26 - Comment: 1* The market has shifted into a sideways congestion zone in recent days. A close beyond 17.95 or an intraday rally past 18.07 signals an upside breakout. A close below 17.24 or an intraday selloff below 17.17 signals a downside breakout. 2* The downside objectives for this formation range from 16.83 to 16.76 with a close over 17.70 needed to negate a bear trading stance. 3* Market is within proximity of this week's projected resistance range of 18.07-17.74, which may provide a likely zone for topping action or setbacks. 4* Yesterday's penetration of resistance range levels gives a statistical bias for rallies today-tomorrow. COFFEE ST Trend Down RANGE REVERSAL 13.21 SWING POINT 197.24 SWING TARGET 184.40 JULY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 204.45 207.93 - SUPPORTS 194.89 192.86 - Comment : 1* The downside objectives for this formation range from 184.40 to 171.10 with a close over 202.17 needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance range of 214.33-205.05, which may provide a likely zone for topping action or setbacks. COCOA ST Trend Up RANGE REVERSAL 0.46 SWING POINT 2993.00 SWING TARGET 3048.00 JULY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 3024.00 3028.00 - SUPPORTS 2982.00 2979.00 - Comment: 1* The upside target zone for this pattern is from 30.48 to 30.56 with a close under 29.83 needed to negate a bull trading stance. 2* Market is within proximity of this week's projected resistance range of 30.54- 30.27, which may provide a likely zone for topping action or setbacks. 3* Yesterday's penetration of support range levels gives a statistical bias for declines today-tomorrow. Commodities | SOFTS
  • 9. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com COTTON ST Trend Neutral RANGE REVERSAL 2.20 SWING POINT 92.90 SWING TARGET None JULY FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 93.25 93.50 - SUPPORTS 91.44 91.25 - Comment: 1* Market is challenging a previous daily swing high and may attempt a breakout. Closing beyond 92.91 calls for continuation rallies. A failure around 92.91 cautions for a reactionary setback. 2* Market is within proximity of this week's projected support range of 90.16-92.21, which may provide a likely zone for bottoming action or rebounds.
  • 10. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com EURO ST Trend Up RANGE REVERSAL 0.75 SWING POINT 1.3780 SWING TARGET 1.3748 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 1.3829 1.3833 - SUPPORTS 1.3761 1.3754 - Comment : 1* The downside objectives for this formation range from 137.48 to 137.10 with a close over 138.34 needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance range of 138.96-137.94, which may provide a likely zone for topping action or setbacks. B POUND ST Trend Up RANGE REVERSAL 0.87 SWING POINT 1.6772 SWING TARGET 1.6892 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 1.6836 1.6849 - SUPPORTS 1.6759 1.6751 - Comment: 1* Market showing a preliminary breakout over a previous weekly swing high and needs to quickly extend rallies into a close beyond 168.05. Failure to extend the breakout today-tomorrow alerts for a bull failure. A close under 166.76 helps confirm a breakout failure. 2* The market is following a bull channel. A close over 169.15 or rally beyond 169.40 today signals a breakout and acceleration up from the channel. An upside channel breakout may not show rallies the next day, but carries a strong bias for advances in the coming 2-5 days. A close under 166.64 or drop under 166.39 today signals a downturn from the bull channel. 3* Market is challenging a previous daily swing high and may attempt a breakout. Closing beyond 168.12 calls for continuation rallies. A failure around 168.12 cautions for a reactionary setback. 4* The upside target zone for this pattern is from 168.92 to 169.70 with a close under 167.06 needed to negate a bull trading stance. Forex | CURRENCIES
  • 11. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com J YEN ST Trend Down RANGE REVERSAL 0.72 SWING POINT 0.9735 SWING TARGET None JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 0.9774 0.9783 - SUPPORTS 0.9711 0.9708 - Comment: 1* Market is within proximity of this week's projected resistance range of 98.46-97.62, which may provide a likely zone for topping action or setbacks.
  • 12. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com AUSSIE$ ST Trend Down RANGE REVERSAL 0.76 SWING POINT 0.9276 SWING TARGET 0.9255 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 0.9331 0.9338 - SUPPORTS 0.9263 0.9253 - Comment: 1* The downside objectives for this formation range from 92.55 to 92.15 with a close over 93.26 needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance range of 94.15-93.23, which may provide a likely zone for topping action or setbacks. CANADIAN$ ST Trend Down RANGE REVERSAL 0.59 SWING POINT 0.9077 SWING TARGET 0.9028 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 0.9091 0.9096 - SUPPORTS 0.9038 0.9029 - Comment: 1* Double Inside Day favors continuation of the previous trend today-tomorrow with a move beyond the range low of 2 days ago (90.49). 2* The downside objectives for this formation range from 90.28 to 90.06 with a close over 90.90 needed to negate a bear trading stance. 3* Market is within proximity of this week's projected resistance range of 91.59-90.82, which may provide a likely zone for topping action or setbacks. SWISS FRANC ST Trend Up RANGE REVERSAL 0.72 SWING POINT 1.1296 SWING TARGET 1.1275 JUNE FUTURE LEVEL1 LEVEL2 LEVEL3 RESISTANCES 1.1339 1.1344 - SUPPORTS 1.1273 1.1267 - Comment: 1* The downside objectives for this formation range from 112.75 to 112.45 with a close over 113.60 needed to negate a bear trading stance. 2* Market is within proximity of this week's projected resistance range of 114.21-113.08, which may provide a likely zone for topping action or setbacks.
  • 13. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com Disclaimer: This Report Is only for General Information. Opinions/Estimates Contained Herein is Subject to Change without Notice. The Data/Information Herein Provided Is Believed to Be Reliable But Does Not Warrant for Its Accuracy/Completeness. We are Not Liable for Any Action Taken by Any Party Based on the above Information. This Material Is Not Intended As An Offer Or Solicitation for the Purchase or Sale of Any Financial Instrument.
  • 14. TECHNICAL ANALYSIS REPORT April 22, 2014 Please do not print this report unless it is absolutely necessary. Save a tree. www.sevenstarfx.com