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Message: [QUOTE="CapitalTrustMarkets, post: 61343, member: 30235"] [b]Technical Updates for April 11, 2014[/b] [B]EURAUD[/B] [IMG]http://s18.postimg.org/oojwza60p/euraud11042014.jpg[/IMG] Technical outlook and chart setups: 1.The EURAUD reverses right from 1.4650 levels as discussed and expected. This could possibly be the beginning of a corrective counter trend rally towards 1.51/1.52 handle as seen here. The fibonacci ratios also point 1.52 as a potential upside target for this rally. Also note that the trend line resistance is also around the same level. 2.No change. Immediate support is at 1.44, followed by 1.43 and lower, while resistance is at 1.55 (intermediary), followed by 1.58. 3.The structure reveals that a counter trend rally could be shaping up at the moment towards 1.51/1.52 handle, which is support turned resistance now. More conservative approach would be to initiate fresh short positions from higher levels. Trading recommendations: 1.Aggressive setup is to go long now, stop at 1.4640, target is open 2.Conservative approach is to remain flat for now and look to sell higher [B]Crude[/B] [IMG]http://s18.postimg.org/45p0u7s3d/crude11042014.jpg[/IMG] Technical outlook and chart setups: 1.Crude produces a doji candlestick pattern on the daily chart yesterday just shy of 104.00 handle as seen here. This indicates that probable next move could be lower from here, either towards 96.50 or 94.00 levels. It might trigger a corrective fall till 105.00 is intact. 2.No change. Immediate support is at sub 97.00 and 96.00/50 levels (Fibonacci 0.618 support), followed by 94.00/30 and 92.00, while resistance is at 104.50/105.00 (intermediary), and followed by 108.00 and 110.00 respectively. 3. No change. The structure remains in favour of bulls at the moment after bouncing off the 99.00 levels and reveals that they shall remain in control till prices stay above 99.00 levels in the near term and subsequently above 94.00 levels in the medium term. A corrective fall still remains possible from current levels towards 96.50, though. Trading recommendations: Remain short for now, stop at 105.00, target is open. [B]Gold[/B] [IMG]http://s18.postimg.org/mzatr7qbd/xauusd11042014.jpg[/IMG] Technical outlook and chart setups: 1.Gold is seen to be stalling at the fibonacci 0.382 resistance level (of down swing from $1,388.00 to $1,277.00) at $1,320.00 levels for now. It is quite possible that the metal corrects from current level before rallying further up. $1,300.00 could be possible intermediary support for any dips. 2.Immediate support is at $1,230.00/40.00, followed by $1,210.00 and lower, while resistance is at $1,350.00/60.00 region, followed by $1,388.00 respectively. 3.No change. The structure still reveals that Gold rally should extend at least till the $1,350.00 levels if not further. Pullbacks can occur towards $1,300.00 levels though. Trading recommendations: Exit long positions. Wait for further confirmation. [B]Silver[/B] [IMG]http://s18.postimg.org/phwirwc1l/xagusd11042014.jpg[/IMG] Technical outlook and chart setups: 1.The structure remains absolutely unchanged from what was discussed earlier. Silver re-tested the lows at $19.61 levels before pulling back sharply and also printed highs at $20.40. The metal is trading above $20.00 handle for now, and the next move should be up towards $21.70 and higher. Recommendations are to continue holding long positions and also look to add further. Expected upside targets are $23.00 and $24.00 at least. Bulls remain in control above $19.00 levels, remain long. 2.Immediate support remains at $19.00/50, followed by $18.75 and lower, while resistance is at $21.70/80(intermediary), followed by $22.10(intermediary) and $23.00 respectively. 3. The structure reveals that bulls shall remain in control till prices remain above $19.00 levels from here on. A break below $19.00 shall be considered to be extremely bearish though. Trading recommendations: Remain long and add further, stop at $19.25, and target open. Prepared by Harsh Japee, Technical Analyst at Capital Trust Markets [/QUOTE]

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