COMEX MCX ALERT

APR GOLD Resist: 137000-90, 1376, 138150* ST Trend: Sdwys/Up (1363) Supprt: 135880, 135370, 134590*- Obj: 1378 TRP: 1331.80 Comment: The market formation is bullish, signaling for a retracement climb up around 1378 to the 138150* weekly resistance. Trade calls for continued advances the balance of the week. Any corrective dips should again find support off the previous congestion highs / upturn levels and 134590* support point. A close under 134590* is needed to flip the market into secondary selloffs.

MAR SILVER Resist: 3047-3050, 3088-31275 ST Trend: Up (3017) Supprt: 2977, 2952-2931, 2886* Obj: 3099 TRP: 2790.5 Comment: The market is bullish and Tuesday's acceleration higher still provides signals for a push up against the early January high. A close over 31275 is bullish. Be careful for trade to back off from the downturn levels around 3095+/- on the first test. Corrections today that hold Tuesday's accelerating range will keep trade poised for rallies. A close under 2886* is needed to start a multi-day correction phase.

MAR COPPER Resist: 45675, 460+/-, 465+/- ST Trend: Up (45300) Supprt: 44980, 44680* Obj: 465 TRP: 437.20 Comment: The market is bullish with near term trade backing off from the 465 target. If we see a close over 465, the larger pattern shows potential to 482 as well as chances for a blow off. Be prepared for another corrective day, but selloffs should fight to hold the mid 440's. A close under 44680* is needed to drive a retracement to test 43720* for a turnover.

MAR CRUDE OIL Resist: 8758, 8795, 8854*-61, 8900 ST Trend: Down (8671) Supprt: 8637, 8574, 8511- Obj: 8574 TRP: 90.18 Comment: The market is in a downturn, driving a retracement of recent rallies and could send a dip to 8574-. Trade remains poised for continuation selloffs. A close under 8574 could send declines pressing to the 8511 low. Be prepared for some corrections with a pop over yesterday's high sending rallies within Monday's range to consolidate declines. A close over 8854* will stop pressing bear forces and prompt a multi-day recovery/flag. A close over 9018* is needed for a return to bull trending trade.

MAR NATRL GAS Resist: 4121, 4200, 4274-4318* ST Trend: Down (4044) Supprt: 4000-3950, 3848* Obj: 3848 TRP: 43.18 Comment: The market is in a bear downswing and signals a selloffs to weekly support at 3848*. Trade remains poised for follow through selloffs and a close under 3950 will send a wash to 3848*. We may see attempts to bounce and correct off 4000-3950 with modest rallies into Monday's range, but a failure to fill Monday's gap maintains the bear formation. A close over 4318* is needed to trigger a reversing turnaround.

MAR B-POUND Resist: 16138, 161812*, 16260-74 ST Trend: Sdwys/Up (16092) Supprt: 16060*-, 15963* Obj: None TRP: 159.63 Comment: The short term trend is up, but the advance has stalled against the early November swing high, prompting current corrective setbacks that may extend 1-2 more days. A close under 16060* is near term negative and could foster harder dips, but only a close under 15963* signals a reversing turnover. Powering a breakout over 16264 gives significant bull signals and provides an initial target to 164.

MAR CANADIAN$ Resist: 10097, 10130-63, 10220 ST Trend: Sdwys/Up (10044) Supprt: 10020*, 9965- Obj: None TRP: 100.20 Comment: The market is trying to stay in a bull advance and attack the recent swing high. A close over 10153 confirms an upside breakout and quick extension to 10220. However, Mon-Tuesday's setbacks caution for additional consolidation and test of 10020* support. A bounce off 10020* is friendly. A close under 10020* will signal a reversal to lower levels, leading to a test of last week's 9932 low.

MAR EURO Resist: 13721*, 13796-13800, 13856 ST Trend: Sdwys (13718) Supprt: 13638, 13600-13598, 13479* Obj: None TRP: 137.21 Comment: Yesterday's rebound puts trade against the key 13721* resistance point and vacillating level between bull / bear trend forces. A close over 13721* signals for rallies to attack last week's high for a breakout and moves to 13950. A rejection from 13721* will keep trend forces negative and send dips back under 13600-, but a close under 13479* is needed to open up a larger selloff.

MAR J-YEN Resist: 12166, 12230-48*, 12310+ ST Trend: Sdwys (12142) Supprt: 12142*, 121*, 12019- Obj: None TRP: 121.42 Comment: The market is still under pressure from last Friday's outside bear reversal, alerting for a peaking turnover. Trade is pressing against 12142*/121* support. Closes under 12142* and 121* should send selloffs to 12019-. If trade holds against 12142*-121* another 1-2 days, then we may see rallies within Friday's range, but only a close over 12248* rekindles bull trend forces. Tight congestion along 122- will bear flag.

MAR SWISS Resist: 10482-10500, 10575-82* ST Trend: Sdwys/Down (10443) Supprt: 10353-40, 10298, 10250+/- Obj: 10290 TRP: 105.82 Comment: The market is triggering a peaking turn and warns for a slide to lower levels. A drop under yesterday's low could open up a selling wave to 10250-. Corrections contained around 10500+/- will bear flag and setup for selloffs. A pop over 10503 is near term positive, but only a close over 10582* signals a turn back to bull trending trade.

MAR MINI S&P Resist: 1323-132575?, 1340+/- ST Trend: Up (131925) Supprt: 1309, 1303-129850* Obj: 1340 TRP: 1285.00 Comment: The market is bullish, staging an accelerating this week at new highs that targets rallies to 1340. The momentum of the pattern suggests continued pressing rallies the next few days. However, be alert for a spike high up around 1340 that could signals a short term extreme. Any corrective dips should hold 129850*+ to keep strong upside forces. A close under 129850* alerts for near term setbacks, but only a close under 1285* alerts for a topping reversal.

MAR MINI DJ Resist: 12225, 12260?, 12440 ST Trend: Up (12207) Supprt: 12099, 12060, 12012* Obj: None TRP: 118.91 Comment: The market is bullish with rallies at the 12200 target. A close over 12225 could spark a blow off run to 12440+. The momentum of the drive should hold any corrections within Monday's range to maintain strong bull forces. A close under 12012* will prompt a reactionary pullback into last week's range, but only a close under 11891* alerts for a reversing turnover to start topping setbacks.

MAR MIN NASDAQ Resist: 237100, 240000+ ST Trend: Up (236225) Supprt: 235500, 232000*, 229275* Obj: 240000+? TRP: 2292.75 Comment: The market is bullish, showing a breakout over the 234650 high and targeting a bull drive to reach over 240000+. Stable action over 234650 today should prompt continuation rallies and chance for an aggressive spiking run the next few days. If the drive stalls around 240000+/-, be prepared for minor setbacks for a few congestion days, but a close under 229275* is needed for a reversing downturn.