COMEX Signals & Technical Analysis

Gold
Gold market fell during the session on Wednesday, testing the $1200 level for support. With this, the market bounced enough to form a hammer and it appears that the market is trying to break above the $1220 level. However,until we break above the $1220 levelor below the $1180 level the market will continue to consolidate.
SILVER
The silver markets fell initially during the session on Wednesday, but found enough support at the $16.50 level to turn things back around and form a hammer. However, we see a significant amount of resistance near the $17 level so we are not sure about buying until this level. Because of this, we can say that the market would be extraordinarily volatile. With that, we are on the sidelines but recognize the area between $17 and $17.50 to be very important.
CRUDE
The light sweet crude market rose up rather drastically during the session on Wednesday as the US dollar got pummelled. With this, the market ended up breaking above the recent resistance, but remains below the $60 level. The market has to get above the $60 level in order to get very bullish of this market for any real length of time, so at this point time we are on the sidelines.

Forex Technical Analysis and Signals 30 April

EUR/USD
The EURUSD pair broke out to the upside during the session on Wednesday and cleared the 1.10 level. Expected to be 1%, the announcement actually was 0.2 %, and that of course is a massive miss. Ultimately, the US economy continues to be the focus and as a result traders anticipated that the Federal Reserve would release a very dovish statement later in the day.
GBP/USD
The GBPUSD pair broke higher during the course of the session on Wednesday, slamming into the 1.55 level. As this area offers a bit of resistance we can see a pull back in the market. Quite frankly it’s not until we get above the 1.5550 level that were comfortable the market continues to climb. At that point time it becomes a “buy only” type of market in our opinion. However, if we get a resistant candle right at the 1.55 level again, we would be willing to sell their as we think a pullback would be imminent.
AUD/USD
The AUDUSD pair initially went much higher during the course of the day on Wednesday, but pullback to form a shooting star. With this, it looks as if the market is ready to go lower, and we of course can be sellers on a break of the bottom of that candle. We believe the market should then head to the 0.79 level, and perhaps even lower than that. We do not see potential in buying this market, at least not until we get above the 0.82 level, something that’s going to take a bit of strength.
NZD/USD
The NZDUSD pair tried to rally during the course of the day on Wednesday, but failed again at the 0.7750 level. By doing so, it ended up forming a shooting star, which of course is very bearish. Because of this, we believe that the market is ready to pull back down towards the 0.75 level, over the next several sessions. We feel that the market will be very volatile. We believe that the New Zealand dollar will continue to suffer at the hands of an erratic and very confused market.

SGX Signals and STI Technical Analysis

Market Review for STI: shares opened lower, after European markets dropped on Tuesday with STI was down 5.69 points, or 0.16 per cent, to 3,489.40.Shares pulled back ahead of a statement from the US central bank later in the session, when it concludes its two-day policy meeting.

Market forecast for STI: STI making bearish flag so bearish trend expected in next trading session.
Technical Indicators: RSI is at 55and CCI is at -9.
ECONOMIC FACTORS:

• In a move to better handle the immense growth in data traffic, local telco StarHub will upgrade its core and access networks using what is known as software-defined networking (SDN) technology.
• SINGAPORE-STANFORD Biodesign (SSB) and Dongguk University (DU) have inked a three-year “SSB-Korea Innovation Partnership” (SKIP) which will develop talent in medical technologies innovation.
• Singapore Exchange (SGX) expects up to 20 Excluded Investment Products (EIPs) including exchange-traded funds (ETFs) to be accessible to retail investors without enhanced safeguards.
• THE Monetary Authority of Singapore (MAS) has imposed civil penalties on Lim Oon Cheng and his niece, Lim Huey Yih, for insider trading.
• Ho Bee Land’s net profit for the first quarter ended March 31, 2015 surged 181.6 per cent to S$11.56 million.
• The Singapore Land Authority (SLA) is holding a public consultation to gather feedback on the possible uses for land under viaducts.
• Parkway Life Reit turned in a 14 per cent year-on-year increase in distribution per unit (DPU) to 3.21 Singapore cents for Q1 2015 as distributable income rose 14 per cent to S$19.46 million.
• Shares of QT Vascular gave up 5.5 Singapore cents or 20.37 per cent to trade at 21.5 cents after it gave an update on ongoing litigation cases. as down 5.69 points, or 0.16 per cent, to 3,489.40.
• In a move to better handle the immense growth in data traffic, local telco StarHub will upgrade its core and access networks using what is known as software-defined networking (SDN) technology.
• SINGAPORE-STANFORD Biodesign (SSB) and Dongguk University (DU) have inked a three-year “SSB-Korea Innovation Partnership” (SKIP) which will develop talent in medical technologies innovation.

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STI Technical Analysis and Forecast for Next Week

Weekly wrap of STI: In this week STI did not performed well STI retreated following a selloff in US markets last Friday. How they fare for the rest of the session could hinge on the reaction of stocks in China to a decision the Chinese central bank to ease bank lending restrictions then shares settled mostly higher as investor sentiment got a boost from strong rebounds in Hong Kong and China following a pullback in the previous session. Shares pulled back as traders and investors lightened positions after recent gains to await fresh leads, including more earnings announcements. Gains in most Asian markets kept Singapore shares higher, with investor sentiment underpinned by hopes that China will introduce more stimulus measures after a closely-watched private survey pointed to continued weakness in the country’s manufacturing sector and shares were mostly higher at midday but struggled to hold on to gains as investors mulled over losses in Hong Kong and China stocks, while waiting for more companies to announce their March-quarter results.
STRAIT TIMES WEEKLY WRAP
OPEN: 3507.88
HIGH: 3523.08
LOW: 3497.083
CLOSE: 3513
CHANGE (In Points): +10.25
% CHANGE: 0.29%
Market Forecast for week ahead: The trend of market is expected to be bullish for next week .Currently it has been seen that there is unusual volatility in markets due to oil prices crisis. And from technical point of view STI making rounding bottom in daily chart so we are expecting it will move up.
Weekly Technical view on STI
Support 1: 3475
Support 2:b 3441
Support 3: 3352
Resistance 1: 3529
Resistance 2: 3550
Resistance 3: 3550
Technical Indicators: RSI is at 65 and CCI is at 142
Macroeconomic factors:

• Japfa’s Indonesian unit PT Japfa Comfeed incurred a net loss in 1Q2015, an outcome that the Singapore-headquartered company said will have “a substantial adverse” impact on its own results for the quarter.
• China’s stock-index futures in Singapore erased losses from late trading Friday as a move by the central bank to cut reserve ratios overshadowed new rules on using leverage for stock trading.
• CapitaMall Trust’s 1Q2015 results marked “a good start” to 2015, and the REIT is likely to maintain a moderate pace of rental reversion for leases that are expiring this year.
• The first three months of every year is typically a strong period for Singapore banks following a seasonally weak fourth quarter, but loan growth in 1Q2015 could have been much weaker than what even the lenders themselves had expected.
• The first three months of every year is typically a strong period for Singapore banks following a seasonally weak fourth quarter, but loan growth in 1Q2015 could have been much weaker than what even the lenders themselves had expected.
• Standard Chartered has a strong business case to move its headquarters from London to Singapore and save millions in taxes as, unlike HSBC , it doesn’t have a banking network in the UK.
• Noble Group has denied media reports that it repeatedly avoided questions from minority shareholders during its AGM.
• Singapore’s annual industrial production is expected to have declined in March, a Reuters poll showed, though output is seen rising month-on-month with some optimism that signs of improving exports will underpin a struggling manufacturing sector.
• Singapore Reinsurance Corp’s net profit for the 1QFY15 ended March declined 26.3% to $3.6 million from $4.9 million last year.
• Q & M Dental Group (Singapore) is exploring the possible spin-off and listing of its subsidiary, Q & M Aidite International, on another stock exchange.
• Singapore’s factory output fell for the second straight month in March, with production in most manufacturing clusters lower.
• YuuZoo Corp has formed an equal joint venture with Africa’s largest television network to launch a virtual mall targeted at consumers in Nigeria and beyond.
• Private residential prices in Singapore fell in 1Q2015 for the sixth straight quarter, a sign that potential home buyers and investors were still deterred by various measures put in place by the government to rein in property prices and discourage excessive borrowing.

FOREX Weekly Technical Analysis and Forecast Signals

EUR/USD
The EURUSD fell hard during the course of the week as the 1.10 level continues to be resistive. The 1.05 level below has been supportive, but it would be only a matter of time before we fall below. We would head to the parity level at that point of time, and believe that bounces would continue to be nice selling opportunities as the European Central Bank continues to offer significant liquidity measures that can work against the value of the Euro.
Forecast
The EURUSD fell during the session on Friday, as we continued to drive down towards the 1.05 level. That is an area which should be supportive, but we do believe that eventually this market will break down below there. We feel that it’s easier to sell this market on rallies than anything else. Issues.
AUD/USD
The AUDUSD went back and forth during the course of the week, essentially settling on a small gains for the week. The 0.75 level below continuously offering support, but there is a significant amount of resistance at the 0.80 level. At this point of time, we prefer to sell this market on shorter-term rallies, as we believe that the downtrend is most certainly still in effect. Also, we think that it’s going to be difficult to trade this market from the longer-term perspective.
Forecast
The AUDUSD fell during the course of the day on Friday, but bounced slightly in order to form a bit of a hammer. We are not looking for buying opportunities and we believe that resistive candles on bounces should offer selling opportunities. A break down below the bottom of the range of Friday should send this market down and may head to the 0.75 level given enough time.
GBP/USD
The GBPUSD broke down during the course of the week, slicing through the 1.48 level. In fact, we made a lower level at one point, so we feel that the market is going to continue to grind down to the 1.45 level. Any rally at this point of time should be a selling opportunity, and with that we are bearish. We have no interest in buying the GBP/USD, until we get well above the 1.52 level, as it could signify the market heading to the 1.55 level.
Forecast
The GBPUSD broke down during the course of the session on Friday. We believe that this market will head down to the 1.45 level, and that rallies should offer selling opportunities given enough time. We believe that the 1.48 level above is going to be resistive, and that the resistance extends all the way to at least the 1.50 level. It is not until we get above the 1.52 level that we would consider buying, because there so much in the way of bearish pressure.
NZD/USD
The NZDUSD broke down during the course of the week, dipping down to the 0.75 level but found enough support to turn things back around and form a hammer for the second week in a row. The resistance is at 0.77 level. This is a market that should continue to be very difficult to hang onto for any type of longer-term trade, although we certainly favor the downside based upon the longer-term trend.
Forecast
The NZDUSD fell during the course of the day on Friday, as the market continues to consolidate. With that, the market looks as if it is going to be difficult to trade, so we are sitting on the sidelines as there are much clearer trades out there. However, we do recognize that there is more of a downside bias than anything else.

COMEX Trading : Weekly Signals and Technical Analysis

GOLD
Gold markets did very little during the course of the week, essentially forming a neutral candle. However, it looks like that the $1200 level is offering a bit of support. If it breaks the top range, we feel this market will probably go to the $1300 level given enough time. But at the same time we broke down below the bottom of the range for the week. We believe that the market then could go down to $1150 level given enough time. Regardless, it should continue to be volatile.
FORECAST
Gold markets rose during the course of the session on Friday, breaking above the $1200 level. The market seems as if it could go high to the $1220 level, before reaching to a significant resistance. At the end of the day though, it appears that the market will more than likely grind sideways. We believe that there is a support at the $1180 level. Any breakout could make follow the market direction.
SILVER
The silver market fell during the course of the week, testing the $16 level at one point. However, we saw a little bit bounce from there, so we feel the market isn’t quite ready to completely break down. We believe that market will continue to consolidate, with the $15 level below being massively supportive. We look at supportive candles in that area as a potential buying opportunity, just as we look at resistive candles near the $18 level as a selling opportunity. Overall, this could be a difficult market for longer-term traders to be involved in.
FORECAST
The silver market tried to rally during the course of the session on Friday, but found resistance at the $16.50 level. Ultimately, we ended up looking a support at the $16 level. If we can break below there, we could go as low as $15 level. On the other hand, if it breaks the top of the range for the session on Friday we could go as high as to the $17.50. We feel that this market is going to be very choppy.
CRUDE OIL
The light sweet crude market rose during most of the week, but found a bit of resistance at the $54 level. With this, we ended up forming a shooting star which is a very bearish sign. It seems that the consolidation range will continue, and there is a significant resistance near the $55 level. With this, the market looks as if it is going to continue to go back and forth between the $55 and $45 level on the downside. We believe that this market will be difficult to trade, but should continue to offer back and forth trading opportunities on shorter-term charts.
FORECAST
The light sweet crude market went higher during the session on Friday after initially falling to the $50 level. With this, it appears that the market is going to continue to consolidate between $50 level to the bottom, and $54 level to the top. We think that the light sweet crude market will continue to suffer at the hands of the strengthening US dollar, and with that we feel that it’s only a matter of time before the market breaks back down. If we break below the $50 level, we feel the market should then head to the $45 level. We believe that rallies will continue to offer plenty of selling opportunities.

Singapore Stock Technical Analysis Review 13 April

Singapore share prices opened higher with the Straits Times Index (STI) up 6.31 points to 3,478.69. Singapore shares advanced on Wall Street’s rise last Friday and on speculation that the recent rally in Hong Kong and China will spill over to the local market. Singapore shares were still mostly higher, with small caps again accounting for a big part of the action in the market. 
STI Day Performance
Open: 3476.39
High: 3493.62
Low: 3475.14
Close: 3484.39
Change(Points): +12.01
% Change: +0.35
Volume: 3365.7M
Rise: 284
Fall: 170
Unch: 334
Market forecast for STI: We may expect STI will be bullish trend in next trading session.
STRAITS TIME  LEVELS
Support 1: 3400
Support 2: 3374
Support 3: 3359
Resistance 1: 3493
Resistance 2: 3493
Resistance 3: 3493
Technical Indicators: RSI is at 70 and CCI is at 116.
Important Factors for today :

• The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of “significant” risks from global uncertainties including the potential impact from a strengthening dollar and higher US interest rates.
• Gold steadied above US$1,200 an ounce today after rising more than 1 per cent in a chart-based rebound the session before.
• Global InfoTech Co, an associate of Silverlake Axis, has received approval from the China Securities Regulatory Commission for a listing.
• The Monetary Authority of Singapore uses the country’s exchange rate as its main monetary policy tool, the only major economy in the world to do so. Singapore’s central bank announces its monetary policy decision, regarding currency bands, widths, slopes and centres.
• The Singapore trading hubs of the world’s largest commodity companies are coming under scrutiny from the governments of some resource-producing countries who say they suspect they are using units in the Southeast Asian financial centre to avoid tax.

Bursa Malaysia: KLCI Weekly Technical Analysis

Weekly wrap of KLCI: The week started with a higher note The FBM KLCI index lost 5.08 points or 0.27% on Friday. Finance Index fell 0.58% to 16325.86 points, Properties Index up 0.15% to 1322.98 points and Plantation Index down 0.30% to 7794.55 points. Market traded within a range of 8.49 points between an intra-day high of 1849.78 and a low of 1841.29 during the session.
The KLCI extended its losing streak after closing lower at 1844.31 points. The overnight gains in U.S. markets failed to lift our local bourse as absence of positive lead in domestic market weighed on market sentiment.
Market Forecast for week ahead: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to continue its upside momentum and trade within a narrow range of 1,840 to 1,850 points next week, driven by favourable external factors. The momentum would be driven by positive global macro data, reduced geopolitical tension in Iran and broad stimulus from the European Central Bank as well as The People’s Bank of China.
The local equities market ended the first quarter of 2015 firmer on hopes that China would adopt further stimulus measures to bolster growth, supported by reduced Iran-Greece geopolitical tension.
Technical indicators: RSI for this week is 57.544 with CCI at 131.204. Besides, difference line of MACD 2.889 and crossed its signal line 5.784.
ECONOMIC FACTORS:

• The ringgit ended sharply higher against the US dollar in tandem with most emerging Asian currencies on expectation that the US Federal Reserve would postpone increasing interest rates. It rose for a third week as a rally in crude helped shield the region’s only major oil- exporter from bets the U.S. will raise interest rates.
• Shell Malaysia has started construction of the largest upstream oil and gas (O&G) laboratory in Sarawak for deepwater exploration and production activities. It will be operational by end-2016.
• Asian shares advanced close to recent highs on Friday, and were on track for weekly gains, while the dollar gave up some of its overnight rise.
• Employees Provident Fund recorded total annual contribution of RM57.2 billion last year.
• Malaysia’s Industrial Production Index (IPI) grew 5.2 per cent in February 2015 compared with the same month a year ago, driven by growth in the indices of manufacturing, mining and electricity components.
• Malaysia’s crude palm oil stocks (CPO) stocks fell by 4.5 per cent to 907,555 tonnes at end-March 2015 against 950,362 tonnes recorded in the previous month.
• Tenaga Nasional Bhd (TNB) shares on Bursa Malaysia rose this morning on news of an expected increase in electricity demand, moving forward.
• Homegrown condom manufacturer, Karex Bhd shares’ on Bursa Malaysia rose in early trade after the company announced that it is eyeing two to three acquisitions this year.
• Newly established companies or existing companies that expand operations into less developed areas will be eligible for 100 per cent income tax exemption for up to 15 years.

SGX Stocks Technical forecast for 10 April

Market Review for STI: Shares opened 12.46 points higher, or 0.36 per cent, to 3,473.14 points, this was after US stocks rose overnight, and Tokyo market opened higher. Some 122.1 million shares were traded with a value of S$110.5 million. Small caps rallied again, while the blue chips stocks struggled to catch up. The market closed down at the same level of yesterday, at 3460.30.
STI Day Performance
Open: 3472.63
High: 3476.27
Low: 3450.26
Close: 3460.30
Change(Points): -0.38
% Change: 0.01%
Volume: 3015.2M
Rise: 244
Fall: 163
Unch: 380
Market forecast for STI: We may expect STI will move in the range of 3440 to 3476.
STRAITS TIME  LEVELS
Support 1: 3400
Support 2: 3374
Support 3: 3360
Resistance 1: 3471
Resistance 2: 3476
Resistance 3: 3476
Technical Indicators: RSI is at 63 and CCI is at 89.
Important Factors for today

• Singapore’s economic growth is forecast to have slowed sharply in the first quarter as the manufacturing sector faced headwinds from sluggish global demand.
• Gross domestic product probably grew 0.5 per cent in January-March from the previous three months on an annualised and seasonally adjusted basis.
• Industrial production in January and February shrank on average by about 1.2 per cent from last year.
• Yuan, the Chinese currency, declared as the most overvalued currency in the world.
• Noble Group on Thursday “completely rejects” the allegations made by Muddy waters Research and it fell 5.5% to 86 cents on strong volume after short-seller Muddy Waters issued a 14-page report attacking the company’s financial health and accounting practices.
• The frenzy that made Chinese stocks the world’s best performers is spilling over the border into Hong Kong.
• After propelling the Shanghai Composite Index to a 90 percent rally in the past 12 months, mainland investors are buying as many Hong Kong equities through the exchange link as regulators will allow.
• Oversea Chinese Banking Corp has opened a securities unit in Jakarta, as it seeks to expand in Southeast Asia’s biggest economy.
• Daiwa has cut its price target for Ezra Holdings to 40 cents from 52 cents after lowering its earnings per share estimates for FY2015 to FY2017 by 9% to 16%.
• Greece is due to make its 459 million euro (S$670.5 million) April loan payment to the IMF, but the European nation’s ability to honour its debts remains a source of acute anxiety to creditors.
• Oil prices rallied more than one per cent on Thursday, clawing back part of a 6 per cent slump triggered by a jump in US crude inventories and record Saudi output.

Trading Advice by FOREX & COMEX Signals for Tomorrow

FOREX REPORT
EUR/USD: The EURUSD fell hard during the session on yesterday, testing the 1.08 level. With that, it appears that the market will continue to sell off the Euro, and it now looks like it is ready to go much lower. The fact that we are closing at the very bottom of the range for the day suggests that the market is going to continue going much lower. If we rally at this point of time, we are looking for resistive candles in order to continue selling as the downtrend will certainly looks ready to continue.
GBP/USD: The GBPUSD broke down during the course of the session on yesterday, crashing into the 1.48 level. Though we haven’t broken down completely, and as a result there could be a little bit of a bounce. If we get below the 1.4750 level,the market should then head to the 1.45 level. As of now,we have no interest in buying this market.
AUD/USD: The AUDUSD broke higher during the course of the day on yesterday, testing the 0.77 level. However, we gave back most of the gains in order to form a bit of a shooting star, and as a result we feel that this market is going to break down given enough time. Once it happens, we feel the market will test the 0.75 level, and the perhaps even lower than that. Rallies continue to be selling opportunities therefore we have no interest in buying.
USD/JPY: The USDJPY broke higher during the course of the day on yesterday, but found the area near 120.50 to be too resistive. If we get above there, we should then continue much higher. On the other hand, we could pull back and try to build up momentum. Pullbacks offer value in the US dollar, and with the FOMC Meeting Minutes coming out today, it’s likely that there will be some volatility in this market. If there are signs of potential tightening or at least the tightening out of the Federal Reserve being on target, it’s very likely that the US dollar continues going higher.
NZD/USD: The NZDUSD fell during the course of the session on yesterday, crashing below the 0.75 level. We recognize that there is support below and we need to break down below the hammer from a couple of sessions back so that we can start selling. Also, we have to keep in mind that the US dollar is the strongest currency that we have been trading.
COMEX REPORT
GOLD: The gold markets fell during the session on yesterday, and ended up filling the gap from Monday. Because of this, we feel that the buyers could come back into play. On the daily chart, if we break above the 1220 level then we Would be comfortable in buying. If we break down below the 1200 level, we feel that the market should then go to the 1180 level. As of now, we are not interested in placing large trades at the moment.
SILVER: The silver markets fell during the session on yesterday, but turned back around to bounce and form a hammer. The hammer contradicts the shooting star from the previous session, so it looks like a market which is stuck. With this, we believe that the market will be very difficult to trade in the meantime, so we are stepped on the sidelines as the market continues to try to discern which way it wants to go. It is possible that after the FOMC Meeting Minutes today the silver markets may move.
CRUDE: The light sweet crude market initially fell during the session on yesterday, but found enough support at the $51 level to turn things back around and formed a positive candle. The $54 level was tested, and as a result we believe that this market should then head to the $55 level. We are looking for selling opportunities as the market is in a downtrend. However, if we break above the $55 level, it’s very likely that this market will then head to the $60 level, giving us a short-term buying opportunity. The strengthening of US Dollar may result in weaker oil markets and make it lead to the $50 level.