copper

Copper trade on ACCESS is showing weaker prices in recent activity extending the prior sessions weaker close. Trend indicators are indicating a bearish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also in bearish territory. Also, the market just put in a 50-Day new low here, indicating further weakness. More lows are likely here.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 10-Day simple moving average has a strong bearish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 25-Day simple moving average has a strong bearish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 50-Day simple moving average has a strong bearish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is down. As the ADX is rising this indicates that the current trend is strong and should remain intact. Look for the current trend to continue.

MOMENTUM INDICATORS:
MACD: The MACD is in bearish territory. Also, the market just put in a 50-Day new low here, indicating further weakness. More lows are likely here.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 35.51). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 35.51 the market is somewhat oversold, but given the 50-Day new low here, greater oversold levels are likely.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating oversold prices. Despite this oversold condition the market may become more oversold before turning higher. As a result, the market will look for additional strength in prices before turning bullish on this indicator.

RESISTANCE AND SUPPORT LEVELS:

3.7380 - Highest High in last 50-Days
3.3762 - 200-Day Simple Moving Average
3.3446 - 100-Day Simple Moving Average
3.2432 - 50-Day Simple Moving Average
3.1809 - 20-Day Simple Moving Average Plus 2 Standard Deviations
3.1550 - Highest High in last 10-Days
3.1022 - 20-Day Simple Moving Average Plus 1 Standard Deviation
3.0408 - 25-Day Simple Moving Average
3.0120 - 10-Day Simple Moving Average
2.9447 - 20-Day Simple Moving Average Minus 1 Standard Deviation
2.9087 - 3-Day Simple Moving Average
2.8970 - High
2.8805 - Last Price
2.8660 - 20-Day Simple Moving Average Minus 2 Standard Deviations
2.8645 - Low
2.8530 - Lowest Low in last 10-Days
2.8530 - Lowest Low in last 50-Days

TradeSignals 2007.

energy signal

Crude Oil:

Front month crude oil is higher in ACCESS trade this morning reversing the weaker tone seen during the prior session. Trend indicators have moved from a bearish to a neutral price pattern. MACD has also issued a bullish signal but given the neutral bias of the market this signal should be viewed with caution.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade below this moving average. However, even though prices are trading below the moving average, the moving average slope is up from the previous session. Should prices continue lower the moving average will eventually follow and then the down trend will be more clearly established. However, this strength in the moving average will need to be watched. As a result the 25-Day simple moving average has a weak bearish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices cross above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for choppiness ahead.

MOMENTUM INDICATORS:
MACD: MACD has issued a bullish signal, as the signal line has crossed above the True MACD. With the current long term trend, based on a 50 day simple moving average, to the upside, this suggests that prices will continue to rise for a time.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 51.32). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 51.32 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be decreasing, as evidenced by a smaller distance between the upper and lower bands over the past few sessions.

RESISTANCE AND SUPPORT LEVELS:

99.29 - Highest High in last 50-Days
98.57 - 20-Day Simple Moving Average Plus 2 Standard Deviations
95.21 - 20-Day Simple Moving Average Plus 1 Standard Deviation
94.85 - Highest High in last 10-Days
92.39 - 25-Day Simple Moving Average
92.25 - High
91.94 - Last Price
91.42 - 3-Day Simple Moving Average
91.42 - 50-Day Simple Moving Average
91.01 - Low
90.48 - 10-Day Simple Moving Average
88.49 - 20-Day Simple Moving Average Minus 1 Standard Deviation
85.82 - Lowest Low in last 10-Days
85.13 - 20-Day Simple Moving Average Minus 2 Standard Deviations
83.85 - 100-Day Simple Moving Average
79.72 - Lowest Low in last 50-Days
75.06 - 200-Day Simple Moving Average

Heating Oil:

Heating Oil contracts are higher this morning reversing the weaker tone seen during the prior session. Trend indicators are showing the market in a neutral price pattern at present. MACD has also issued a bullish signal but given the neutral bias of the market this signal should be viewed with caution.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for choppiness ahead.

MOMENTUM INDICATORS:
MACD: MACD has issued a bullish signal, as the signal line has crossed above the True MACD. With the current long term trend, based on a 50 day simple moving average, to the upside, this suggests that prices will continue to rise for a time.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 56.72). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 56.72 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Despite this overbought condition the market may become more overbought before turning lower. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.

RESISTANCE AND SUPPORT LEVELS:

2.7353 - 20-Day Simple Moving Average Plus 2 Standard Deviations
2.7272 - Highest High in last 50-Days
2.6686 - Highest High in last 10-Days
2.6614 - 20-Day Simple Moving Average Plus 1 Standard Deviation
2.6200 - High
2.6181 - Last Price
2.6080 - 3-Day Simple Moving Average
2.5979 - Low
2.5906 - 25-Day Simple Moving Average
2.5621 - 10-Day Simple Moving Average
2.5137 - 20-Day Simple Moving Average Minus 1 Standard Deviation
2.5103 - 50-Day Simple Moving Average
2.4450 - Lowest Low in last 10-Days
2.4398 - 20-Day Simple Moving Average Minus 2 Standard Deviations
2.3075 - 100-Day Simple Moving Average
2.1737 - Lowest Low in last 50-Days
2.1128 - 200-Day Simple Moving Average

RBOB Gasoline:

RBOB Gasoline contracts are higher this morning reversing the weaker tone seen during the prior session. Trend indicators have moved from a bearish to a neutral price pattern.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices cross above this moving average. Furthermore the slope of the moving average is in an upward slope from the previous session indicating strength. As a result the 25-Day simple moving average has a strong bullish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for choppiness ahead.

MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 53.54). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 53.54 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be decreasing, as evidenced by a smaller distance between the upper and lower bands over the past few sessions.

RESISTANCE AND SUPPORT LEVELS:

2.4844 - Highest High in last 50-Days
2.4830 - 20-Day Simple Moving Average Plus 2 Standard Deviations
2.4198 - Highest High in last 10-Days
2.4058 - 20-Day Simple Moving Average Plus 1 Standard Deviation
2.3560 - High
2.3560 - Last Price
2.3444 - 3-Day Simple Moving Average
2.3395 - 25-Day Simple Moving Average
2.3303 - Low
2.3149 - 10-Day Simple Moving Average
2.2994 - 50-Day Simple Moving Average
2.2515 - 20-Day Simple Moving Average Minus 1 Standard Deviation
2.1875 - Lowest Low in last 10-Days
2.1743 - 20-Day Simple Moving Average Minus 2 Standard Deviations
2.1664 - 200-Day Simple Moving Average
2.1528 - 100-Day Simple Moving Average
1.9850 - Lowest Low in last 50-Days

Natural Gas:

Natural Gas contracts are higher this morning extending the prior sessions gains. Trend indicators are indicating a bearish market. However the overall strength of the trend, as indicated by the ADX, is weak and should be watched as a result. Momentum readings are also bearish. However, the recent upturn in the difference between the MACD and the MACD signal line may indicate a short term rally over the next few days and should be watched.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 10-Day simple moving average has a strong bearish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 25-Day simple moving average has a strong bearish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade below this moving average. However, even though prices are trading below the moving average, the moving average slope is up from the previous session. Should prices continue lower the moving average will eventually follow and then the down trend will be more clearly established. However, this strength in the moving average will need to be watched. As a result the 50-Day simple moving average has a weak bearish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is down. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for a choppiness ahead.

MOMENTUM INDICATORS:
MACD: The MACD is in bearish territory. However, the recent upturn in the difference between the MACD and the MACD signal line may indicate a short term rally over the next few days.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 42.40). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 42.40 the market is somewhat oversold. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of strength from this indicator before getting too bullish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating oversold prices. The market is oversold and appears to be gaining strength. Look for a potential bottom in this area.

RESISTANCE AND SUPPORT LEVELS:

8.712 - Highest High in last 50-Days
7.808 - 20-Day Simple Moving Average Plus 2 Standard Deviations
7.565 - 20-Day Simple Moving Average Plus 1 Standard Deviation
7.529 - Highest High in last 10-Days
7.495 - 50-Day Simple Moving Average
7.408 - 25-Day Simple Moving Average
7.151 - 10-Day Simple Moving Average
7.123 - 200-Day Simple Moving Average
7.079 - 20-Day Simple Moving Average Minus 1 Standard Deviation
7.061 - Last Price
7.061 - High
7.040 - 3-Day Simple Moving Average
7.035 - Low
6.914 - Lowest Low in last 10-Days
6.914 - 100-Day Simple Moving Average
6.836 - 20-Day Simple Moving Average Minus 2 Standard Deviations
6.640 - Lowest Low in last 50-Days

TradeSignals 2007.

precious metals

COMEX Gold:

Gold trading is higher in ACCESS trade this morning extending the prior sessions gains. Trend indicators have moved from a bullish to a neutral price pattern.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade below this moving average. Furthermore the markets trend has changed direction since the previous session. The slope of the moving average is in a downward slope from the previous session indicating weakness. As a result the 10-Day simple moving average has a strong bearish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade below this moving average. However, even though prices are trading below the moving average, the moving average slope is up from the previous session. Should prices continue lower the moving average will eventually follow and then the down trend will be more clearly established. However, this strength in the moving average will need to be watched. As a result the 25-Day simple moving average has a weak bearish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for choppiness ahead.


MOMENTUM INDICATORS:

MACD: The MACD is in bearish territory. However, the recent upturn in the difference between the MACD and the MACD signal line may indicate a short term rally over the next few days.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 49.78). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 49.78 the market is somewhat oversold. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of strength from this indicator before getting too bullish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating oversold prices. Volatility also appears to be decreasing, as evidenced by a smaller distance between the upper and lower bands over the past few sessions. The market is oversold and appears to be finding some support near recent lows. Look for a potential bottom in this area.

RESISTANCE AND SUPPORT LEVELS:

848.00 - Highest High in last 50-Days
830.87 - 20-Day Simple Moving Average Plus 2 Standard Deviations
822.80 - Highest High in last 10-Days
819.46 - 20-Day Simple Moving Average Plus 1 Standard Deviation
806.38 - 10-Day Simple Moving Average
804.78 - 25-Day Simple Moving Average
802.90 - High
802.10 - Last Price
799.80 - 3-Day Simple Moving Average
796.65 - 20-Day Simple Moving Average Minus 1 Standard Deviation
795.43 - 50-Day Simple Moving Average
794.70 - Low
789.60 - Lowest Low in last 10-Days
785.24 - 20-Day Simple Moving Average Minus 2 Standard Deviations
749.31 - 100-Day Simple Moving Average
742.80 - Lowest Low in last 50-Days
709.21 - 200-Day Simple Moving Average


Platinum:

Platinum is higher in ACCESS trade this morning extending the prior sessions gains. Trend indicators are indicating a bullish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also in bullish territory. Also, the market just made a 50-Day new high here, indicating further strength. Look for more new highs.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is up. As the ADX is rising it indicates that the current trend is strong and should remain intact. Look for the current trend to continue.


MOMENTUM INDICATORS:

MACD: The MACD is in bullish territory. Also, the market just made a 50-Day new high here, indicating further strength. Look for more new highs.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 66.25). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 66.25 the market is somewhat overbought, but given the 50-Day new high here, greater overbought levels are likely.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be increasing, as evidenced by a larger distance between the upper and lower bands over the past few sessions. Despite this overbought condition the market may become more overbought before turning lower. Also, given that we posted a 50-Day new high, the chance for further bullish momentum is higher. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.

RESISTANCE AND SUPPORT LEVELS:

1514.30 - High
1514.30 - Highest High in last 50-Days
1514.30 - Highest High in last 10-Days
1509.90 - Last Price
1503.28 - 20-Day Simple Moving Average Plus 2 Standard Deviations
1497.57 - 3-Day Simple Moving Average
1485.91 - 20-Day Simple Moving Average Plus 1 Standard Deviation
1485.00 - Low
1477.84 - 10-Day Simple Moving Average
1464.89 - 25-Day Simple Moving Average
1454.50 - Lowest Low in last 10-Days
1453.53 - 50-Day Simple Moving Average
1451.17 - 20-Day Simple Moving Average Minus 1 Standard Deviation
1433.80 - 20-Day Simple Moving Average Minus 2 Standard Deviations
1378.24 - 100-Day Simple Moving Average
1376.00 - Lowest Low in last 50-Days
1336.05 - 200-Day Simple Moving Average


COMEX Silver:

Silver futures are higher this morning reversing the weaker tone seen during the prior session. Trend indicators are indicating a bearish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also in bearish territory.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 10-Day simple moving average has a strong bearish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 25-Day simple moving average has a strong bearish bias.

Simple Moving Average (50-Day): Recent activity this morning has seen prices trade below this moving average. However, despite prices trading below the moving average line, the moving average is in an upward slope from the previous session. If prices trade above the moving average then the trend will be clearly established as up. However, this weakness in the price will need to be watched. As a result the 50-Day simple moving average has a weak bullish bias.

ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is up. As the ADX is rising it indicates that the current trend is strong and should remain intact. Look for the current trend to continue.


MOMENTUM INDICATORS:

MACD: The MACD is in bearish territory.

RSI: The 14-Day RSI is in neutral territory. (RSI is at 43.45). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 43.45 the market is somewhat oversold. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of strength from this indicator before getting too bullish here.

VOLATILITY INDICATORS:

Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating oversold prices. Volatility also appears to be increasing, as evidenced by a larger distance between the upper and lower bands over the past few sessions. The market is oversold and appears to be finding some support near recent lows. Look for a potential bottom in this area.

RESISTANCE AND SUPPORT LEVELS:

16.275 - Highest High in last 50-Days
15.121 - 20-Day Simple Moving Average Plus 2 Standard Deviations
14.975 - Highest High in last 10-Days
14.812 - 20-Day Simple Moving Average Plus 1 Standard Deviation
14.511 - 25-Day Simple Moving Average
14.443 - 10-Day Simple Moving Average
14.401 - 50-Day Simple Moving Average
14.194 - 20-Day Simple Moving Average Minus 1 Standard Deviation
14.160 - High
14.105 - Last Price
14.023 - 3-Day Simple Moving Average
13.930 - Low
13.885 - 20-Day Simple Moving Average Minus 2 Standard Deviations
13.740 - Lowest Low in last 10-Days
13.603 - 100-Day Simple Moving Average
13.446 - 200-Day Simple Moving Average
13.325 - Lowest Low in last 50-Days


TradeSignals 2007.

OUT LOOK

February gold closed higher on Tuesday as it consolidated some of last week's decline but remains below the 20-day moving
average crossing at 808.70. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and
the RSI are turning neutral signaling that sideways trading is possible near-term. If February extends last week's decline,
November's low crossing at 780.40 is the next downside target. Closes above last Wednesday's high crossing at 822.80 would
renew the rally off November's low. From a broad perspective, February gold needs to close above 855.00 or below 780.40 to
confirm a breakout of the late-fall trading range and point the direction of the next trending move. First resistance is the 20-day
moving average crossing at 808.70 then last Wednesday's high crossing at 822.80. First support is Monday's low crossing at
789.60 then the reaction low crossing at 783.00.

March silver closed higher on Tuesday and as it consolidated some of last week's decline. The high-range close sets the stage
for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices
are possible near-term. Closes below the reaction low crossing at 13.960 would open the door for a possible test of October's
low crossing at 13.360 later this winter. Closes above the 20-day moving average crossing at 14.514 would signal that a short-
term low has been posted. First resistance is the 20-day moving average crossing at 14.514 then last Tuesday's high crossing at
14.975. First support is Monday's low crossing at 13.740 then October's low crossing at 13.360.

anuary crude oil closed slightly higher on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday.
Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If January
renews last week's rally, the reaction high crossing at .9768 is the next upside target. Closes below the 10-day moving average
crossing at 90.32 would temper the near-term friendly outlook in the market. A close below the reaction low crossing at .8582
would renew the decline off November's high. First resistance is the 20-day moving average crossing at 91.76. Second
resistance is today's high crossing at 92.88. First support is today's low crossing at 88.88 then the 38% retracement level of this
year's rally crossing at .8741.

January Henry natural gas closed higher on Tuesday as it consolidated some of last week's decline but remains below the 10-
day moving average crossing at 7.158. The high-range close sets the stage for a steady to higher opening on Wednesday.
Stochastics and the RSI are neutral signaling that sideways to lower prices are possible near-term. If January extends the decline
off November's high, weekly support crossing at 6.801 is the next downside target. Closes above the 20-day moving average
crossing at 7.387 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average
crossing at 7.158 then the 20-day moving average crossing at 7.387. First support is Monday's low crossing at 6.914 then
weekly support crossing at 6.801.

GENERAL MARKET CONDITIONS

Geopolitical risk once again on the surface after Turkish troops entered northern Iraq. This is minor news at the moment as Turkey has a history of entering Iraq but it remains to be seen as to how long Turkish troops remain in Iraq. Markets have more or less ignored this news as they are pre-occupied with prospects of US economy in 2008 and liquidity and higher volatility resulting in medium term traders becoming day traders.

Physical demand from India and China will rise in the first quarter of 2008. Chinese new year demand around mid February should result in higher demand. Chinese retail investors are yet to diversify into gold in a big way, away from equities. Once they start to diversify their investments into gold away from equities, gold demand will zoom in China further luring buyers at lower levels

Gold, silver and copper fell after London PM fixing yesterday. It will be another volatile day with US weekly crude oil inventories dictating crude oil as well as precious metals in the Comex session. The crude oil market will be very sensitive to US crude oil inventories for the rest of the week.

NYMEX CRUDE OIL -- FUTURE

As long as crude oil holds $90-$90.40 downside will be limited and it will target $94-$95.50 once again. Falls below $90 then $87.40 is the target. Investors should sell April/May futures on rise with a price target of $78.

Technicals – MCX (Intra day calls)

CRUDE OIL (January) BULLISH ABOVE 3575 BEARISH BELOW 3560

GOLD (February) BULLISH ABOVE 10175 BEARISH BELOW 10135

SILVER (March) BULLISH ABOVE 18500 BEARISH BELOW 18420

COPPER (February) BULLISH ABOVE 256.30 BEARISH BELOW 255.70

LEAD (December) BULLISH ABOVE 96.80 BEARISH BELOW 96.40

NICKEL (December) BULLISH ABOVE 1024 BEARISH BELOW 1020

ZINC (December) BULLISH ABOVE 91.10 BEARISH BELOW 90.70

intraday 18/12/07

gold

now only fall below 10080/10025 & 9950 bearish rally more. for the day sell below 10110 & 10080 S/L 10135 and T/p 10050-25/9950/bearish rally OR sell ard 10265-70 S/L 10280 and T/p 10220-195/10140 (any time close above 10430/10700-770 bullish while close below 10025/9950/9750/9420/9025 bearish for medium term)

silver

now as long resist 18675 & 18925 down trend likely to continue. for the day sell only below 18275-250 S/L 18360 and T/p 18175-100/bearish rally OR sell ard 18740-50 S/L 18775 and T/p 18675/600/18525 (any time close below 18100/17750/17050/16450 bearish rally while close above 19550/ 19975/20425/21325/23150 bullish for medium term)

crude

book profit on sell below 3570, for the day sell below 3535 S/L 3555 and T/p 3500-10/3465/3435/sustain below 3400 bearish rally OR sell ard 3618-25 S/L 3630 and T/p 3600-3570 (now crude need to close above 3715/3870/3915 for bullish while close below 3500/3400/ 3290-60 bearish for medium term)

copper

continue to view as long resistance 259/ 261.5 down trend continue, book profit on sell below 272/269-68/261/256.5, for the day sell only below 253.5 S/L 255 and T/p 252-50/247 upto 242 days to come OR sell ard 260.5-261 S/L 261.5 and T/p 258.5-256 (upside strong rally only on close above 276/282/293/299/ 314/321.5/327/331.5/348 while close below 250/235 bearish for medium term)