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Message: [QUOTE="CapitalTrustMarkets, post: 62111, member: 30235"] [b]Technical Updates for April 28, 2014[/b] [B]EURAUD[/B] [IMG]http://s24.postimg.org/tabav3dj9/euraud28042014.jpg[/IMG] Technical outlook and chart setups: 1.The EURAUD has produced an engulfing bullish candlestick last week as seen here, indicating the next leg would be higher. The counter trend rally could gather pace and move higher towards 1.52 levels as projected here. Please also note that the 1.51/1.52 handle is past support turned resistance now, and rallies through 1.51 should be taken as opportunity to go short again. The 1.41 handle remains minimum expectations for now. 2. Immediate support is at 1.44, followed by 1.43 and lower, while resistance is at 1.51/1.52 (intermediary), followed by 1.55 and 1.58 respectively. 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: Remain flat for now. Looking to sell again around 1.51/1.52 [B]Crude[/B] [IMG]http://s24.postimg.org/x7ykki0cl/crude28042014.jpg[/IMG] Technical outlook and chart setups: 1. Crude reverses sharply after testing the 105.00 levels earlier as seen here. This could be a larger reversal towards the 96.50 levels or at least in to 101.00 as shown here. The intermediary support trend line is seen to be broken at the moment here. Keeping the larger view in mind, the upside potential remains at 110.00 levels, till prices stay above 94.00. 2. 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 105.25 (intermediary), and followed by 108.00 and 110.00 respectively. 3. 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 remains possible from current levels towards 96.50, though. Trading recommendations: Remain flat for now. [B]Gold[/B] [IMG]http://s24.postimg.org/6o5ziczt1/xauusd28042014.jpg[/IMG] Technical outlook and chart setups: 1.Gold takes out $1,275.00 levels, prints lows at $1,270.00 and reverses sharply last week. The metal has produced a bullish reversal on the daily chart view here and stands significance. A break above $1,310.00 would be extremely encouraging for the bulls. But bulls need to take out $1,330.00 levels to remain in further control. 2.Immediate support is at $1,230.00/40.00, followed by $1,210.00 and lower, while resistance is at $1,330.00, $1,350.00/60.00 region, followed by $1,388.00 respectively. 3. The structure still reveals that Gold rally should extend at least till the $1,350.00 levels if not further. We would watch before entering fresh long positions though. $1,330.00 holds the key for now. Trading recommendations: 1.Aggressive trade setup is to enter 50% long, stop at $1,240.00, target open. 2.Conservative a trade setup is to remain flat for now. [B]Silver[/B] [IMG]http://s24.postimg.org/84hi0i2px/xagusd28042014.jpg[/IMG] Technical outlook and chart setups: 1.Silver breaks below $19.00 levels last week, and reversed sharply from sub $18.90 levels to regain all lost ground! The activity is encouraging for bulls and further push through $20.40 levels would confirm that the rally gathers pace. On the flip side, a reversal and break below $18.90 levels would be extremely bearish. 2.Immediate support remains at $18.75 and sub $18.00, while resistance is at $21.70/80(intermediary), followed by $22.10(intermediary) and $23.00 respectively. 3. The structure still reveals that bulls shall remain in control till prices remain above $18.75 levels from here on. High probability from current levels is for a rally though. Trading recommendations: 1.Aggressive setup is to initiate 50% long positions stop at $18.40, target open. 2.Conservative setup is to remain flat. Prepared by Harsh Japee, Technical Analyst at Capital Trust Markets [/QUOTE]

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