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Technical analysis Report (SEPTEMBER 25, 2012)

Gold December
Gold prices traded lower by 0.49% against the USD, at 1764.78 per ounce, as risk aversion
triggered investors into the relative safety of the greenback, while Spanish and Greek
concerns remained at the center of worries. Gold is trading at 1764.89, marginally higher
from Yesterday’s close. The Gold is expected to find its Supports and Resistances are as
follow:

Gold Level 1 Level 2 Level 3


Resistances 1767.80 1771.00 1771.80
Supports 1763.80 1763.00 1759.80
Moving Averages: BUY
Indicators : SELL
Summary: NEUTRAL

Silver December
Silver prices declined 1.46% to the USD 34.02 per ounce, as concerns over the outlook for
global growth weighed on industrial metal prices. Silver is trading at 34.05, 0.1% higher from
Yesterday’s close. The Silver is expected to find its Supports and Resistances are as follow:

Silver Level 1 Level 2 Level 3


Resistances 34.136 34.288 34.351
Supports 33.921 33.858 33.706
Moving Averages: NEUTRAL
Indicators : STRONG SELL
Summary: SELL

Copper December
Copper is expected to find its Supports and Resistances are as follow:

Copper Level 1 Level 2 Level 3


Resistances 3.7498 3.7682 3.7743
Supports 3.7253 3.7192 3.7008
Moving Averages: BUY
Indicators : SELL
Summary: NEUTRAL
Crude Oil November
Crude Oil prices declined 0.99% against the USD, closing at 92.10.

Yesterday Iranian President, Mahmoud Ahmadinejad, stated that the Iran does not take
seriously Israeli threats of attack, but is prepared to defend itself citing Israel has “no roots”
in the history of the Middle-East and would be “eliminated”.

Crude Oil is trading at 92.27, 0.18% higher from Yesterday’s close.

The Crude Oil is expected to find its Supports and Resistances are as follow:

Crude Oil Level 1 Level 2 Level 3


Resistances 92.22 92.51 92.65
Supports 91.79 91.65 91.36

Moving Averages: SELL


Indicators : STRONG SELL
Summary: STRONG SELL

Natural Gas November


Natural Gas is expected to find its Supports and Resistances are as follow:

Natural Gas Level 1 Level 2 Level 3


Resistances 3.048 3.063 3.064
Supports 3.032 3.031 3.016

Moving Averages: STRONG BUY


Indicators : STRONG BUY
Summary: STRONG BUY
Mini S&P 500 December
Mini SP is expected to find its Supports and Resistances are as follow:

Mini SP Level 1 Level 2 Level 3


Resistances 1454.75 1458.00 1459.75
Supports 1449.75 1448.00 1444.75

Moving Averages: STRONG BUY


Indicators : STRONG BUY
Summary: STRONG BUY

Mini Dow $5 December


Mini Dow $5 is expected to find its Supports and Resistances are as follow:

Mini Dow $5 Level 1 Level 2 Level 3


Resistances 13513 13538 13550
Supports 13476 13464 13439

Moving Averages: NEUTRAL


Indicators : NEUTRAL
Summary: BUY

Mini NASDAQ December


Mini NASDAQ is expected to find its Supports and Resistances are as follow:

Mini NASDAQ Level 1 Level 2 Level 3


Resistances 2844.58 2850.91 2854.08
Supports 2835.08 2831.91 2825.58

Moving Averages: BUY


Indicators : SELL
Summary: NEUTRAL
Soybeans November
Soybeans are expected to find its Supports and Resistances are as follow:

Soybeans Level 1 Level 2 Level 3


Resistances 1619.33 1628.66 1635.73
Supports 1602.93 1595.86 1586.53
Moving Averages: SELL
Indicators : STRONG SELL
Summary: STRONG SELL

Soybean Meal December


Soybean Meal is expected to find its Supports and Resistances are as follow:

Soybean Meal Level 1 Level 2 Level 3


Resistances 487.93 491.66 494.23
Supports 481.63 479.06 475.33
Moving Averages: STRONG BUY
Indicators : BUY
Summary: STRONG BUY

Soybean Oil December


Soybean Oil is expected to find its Supports and Resistances are as follow:

Soybean Oil Level 1 Level 2 Level 3


Resistances 54.31 54.46 54.65
Supports 53.97 53.78 53.63
Moving Averages: SELL
Indicators : STRONG SELL
Summary: STRONG SELL

Wheat December
Wheat is expected to find its Supports and Resistances are as follow:

Wheat Level 1 Level 2 Level 3


Resistances 895.86 899.73 904.86
Supports 886.86 881.73 877.86
Moving Averages: BUY
Indicators : BUY
Summary: BUY
No.11 Sugar October
No.11 Sugar is expected to find its Supports and Resistances are as follow:

No.11 Sugar Level 1 Level 2 Level 3


Resistances 20.42 20.63 20.89
Supports 19.95 19.69 19.48
Moving Averages: STRONG BUY
Indicators : STRONG BUY
Summary: STRONG BUY

Cocoa December
Cocoa is expected to find its Supports and Resistances are as follow:

Cocoa Level 1 Level 2 Level 3


Resistances 2499.83 2558.16 2587.33
Supports 2412.33 2383.16 2324.83
Moving Averages: STRONG SELL
Indicators : STRONG SELL
Summary: STRONG SELL

Coffee December
Coffee is expected to find its Supports and Resistances are as follow:

Coffee Level 1 Level 2 Level 3


Resistances 174.18 175.92 179.12
Supports 169.24 166.04 164.30
Moving Averages: BUY
Indicators : SELL
Summary: NEUTRAL

Cotton December
Cotton is expected to find its Supports and Resistances are as follow:

Cotton Level 1 Level 2 Level 3


Resistances 72.98 73.10 73.23
Supports 72.73 72.60 72.48
Moving Averages: SELL
Indicators : STRONG SELL
Summary: STRONG SELL
EUR/USD
the EUR declined 0.24% against the USD and closed at 1.2943, on a weaker-than-expected
German sentiment survey and uncertainty over whether and when Spain would seek a bailout.

In Germany, the business climate index fell to a reading of 101.4 in September, from 102.3 in
August. Market had expected a reading to rise marginally to 102.5. Separately, the current
assessment index dropped to 110.3 in September, following a reading of 111.1 in August.
Additionally, the business expectations index edged down to 93.2 in September, from 94.2 in
August. Analysts had expected a reading of 95.0.

Yesterday, the European Union’s Competition Commissioner, Joaquin Almunia, stated that
the uncertainty as to whether Spain would request a sovereign bailout is “highly risky” and
potentially more costly than a quick decision either way.

Moreover, concerns over Greece came back into spotlight after German magazine, Der
Spiegel, reported on Sunday that the country must close a budget gap of €20 billion, almost
double previous estimates, to satisfy conditions for emergency aid. However, a representative
from the Greek Ministry of Finance yesterday denied the reports and said that the country is
only negotiating a €11.5-billion cut in expenditures with the so-called Troika of international
lenders, as well as finding a way to raise €2 .0 billion in revenue.

Meanwhile, the head of the International Monetary Fund (IMF), Christine Lagarde, called for
urgent action from policy makers in Europe and the US to secure the global recovery.

The pair is trading at 1.2940, with the EUR trading marginally lower from Yesterday’s close.

The pair is expected to take cues from the release of German GfK consumer confidence
survey and French bond auction in the day ahead.

The pair is expected to find its Supports and Resistances are as follow:

EUR/USD Level 1 Level 2 Level 3


Resistances 1.2945 1.2960 1.2966
Supports 1.2924 1.2918 1.2903

Moving Averages: SELL


Indicators : STRONG SELL
Summary: STRONG SELL

GBP/USD
GBP fell 0.06% against the USD and closed at 1.6230, as risk aversion increased among
investors amid renewed concerns over the ongoing debt crisis in the Euro-zone.

The pair is trading at 1.6230, with the GBP trading flat lower from yesterday’s close.

In the UK, investors are eyeing the nationwide house prices and BBA loans for house
purchase data due out in the day ahead.
The pair is expected to find its Supports and Resistances are as follow:

GBP/USD Level 1 Level 2 Level 3


Resistances 1.6229 1.6241 1.6245
Supports 1.6213 1.6209 1.6197

Moving Averages: STRONG BUY


Indicators : BUY
Summary: STRONG BUY

USD/JPY
The USD weakened 0.33% against the JPY and closed at 77.87.

Yesterday the Bank of Japan (BoJ) Deputy Governor, Hirohide Yamaguchi, stated that the
central bank is ready to take bold and flexible monetary policy action when necessary to
support the economy.

The pair is trading at 77.85, with the USD trading 0.03% lower from Yesterday’s close.

In Japan, this morning, corporate service price index fell 0.3% (YoY) in August in line with
the market expectation.

The pair is expected to find its Supports and Resistances are as follow:

USD/JPY Level 1 Level 2 Level 3


Resistances 77.90 77.96 78.01
Supports 77.79 77.74 77.68

Moving Averages: STRONG SELL


Indicators : STRONG SELL
Summary: STRONG SELL

USD/CHF
The USD rose 0.13% against the CHF and closed at 0.9348.

In the US, the Federal Reserve Bank of Dallas business activity index rose to -0.9 in
September from -1.6 in August. However, the Federal Reserve Bank of Chicago national
activity index fell to -0.87 in August after being revised up slightly to -0.12 in July.

The pair is trading at 0.9349, with the USD trading marginally higher from Yesterday’s close.

The pair is expected to take cues from the release of the release of UBS consumption
indicator in Switzerland.

The pair is expected to find its Supports and Resistances are as follow:
USD/CHF Level 1 Level 2 Level 3
Resistances 0.9362 0.9365 0.9375
Supports 0.9349 0.9339 0.9336

Moving Averages: NEUTRAL


Indicators : STRONG BUY
Summary: BUY

USD/CAD
The USD rose 0.13% against the CAD to close at 0.9784.

The Bank of Canada Governor, Mark Carney, stated that the China’s present economic
slowdown and that of other Asian countries such as India and Indonesia are not part of a
continuing trend and would rebound.

The pair is trading at 0.9786, with the USD trading marginally higher from Yesterday’s close.

Trading trends in the pair today are expected to be determined by the release of retail sales in
Canada which is expected to rise 0.2% (MoM) in July.

The pair is expected to find its Supports and Resistances are as follow:

USD/CAD Level 1 Level 2 Level 3


Resistances 0.9796 0.9804 0.9812
Supports 0.9780 0.9772 0.9764

Moving Averages: BUY


Indicators : STRONG BUY
Summary: STRONG BUY

AUD/USD
AUD weakened 0.24% against the USD to close at 1.0421, as optimism related to rece nt
announcements of monetary easing by world central banks was overshadowed by ongoing
uncertainty over whether Spain will seek external financial aid.

LME Copper prices declined 1.5% or $126.5/MT to $8155.3/MT. Aluminium prices declined
1.7% or $34.8/MT to $2058.5/MT.

The pair is trading at 1.0442, with the AUD trading 0.2% higher from Yesterday’s close.

In China, the Conference Board leading economic index rose 1.7% (MoM) in August to
240.4, while the coincident economic index rose 0.5% (MoM) in August to 223.0

The pair is expected to find its Supports and Resistances are as follow:
AUD/USD Level 1 Level 2 Level 3
Resistances 1.0441 1.0458 1.0470
Supports 1.0412 1.0400 1.0383

Moving Averages: NEUTRAL


Indicators: SELL
Summary: NEUTRAL

EUR/GBP
The pair is expected to find its Supports and Resistances are as follow:

EUR/GBP Level 1 Level 2 Level 3


Resistances 0.7977 0.7981 0.7985
Supports 0.7969 0.7965 0.7961

Moving Averages: SELL


Indicators: STRONG SELL
Summary: STRONG SELL

NZD/USD
The pair is expected to find its Supports and Resistances are as follow:

NZD/USD Level 1 Level 2 Level 3


Resistances 0.8244 0.8259 0.8276
Supports 0.8212 0.8195 0.8180

Moving Averages: BUY


Indicators: STRONG SELL
Summary: NEUTRAL
Disclaimer:

"*THE ABOVE TECHNICAL REPORT IS CREATED BY EXPERT BUT SEVEN STAR FX LTD IS NOT RESPONSIBLE FOR ANY PROFIT/LOSS.
THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE
PROVIDED TO YOU BEFORE A COMMODITY ACCOUNT MAY BE OPENED FOR YOU."

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