GLOBAL RESEARCH & INVESTMENTS Daily Technical Overview

TOOLS FOR TECHNICAL TRADERS U.S. April 14, 2010

MAY WHEAT Resist: 478*-479*, 486 1/4, 496* ST Trend: Sdwys/Down

(476) Supprt: 468-466 1/4, 459 1/2* Obj: None TRP: 479.00
Comment: The sideways flagging congestion of the past several days has trade poised to move against
key 479* resistance. Powering a close over 479* signals a bottoming turn and should generate climbing
recovery moves to 496*. The rejection from 479* will again cautions for a slip back to work on basing action
along 460. A close under 459 1/2* rekindles bear trend forces to send trade to a second test of the recent
low.

MAY CORN Resist: 355-355 3/4, 359, 362 1/4* ST Trend: Sdwys/Down
(352 1/2) Supprt: 348 1/2, 345 1/2-344 Obj: None TRP: 362.25
Comment: Overall the market is bearish. A drop under Monday’s low will renew bear forces and send
declines to test recent lows. A close under 344 will send bear trending moves into a quick wash at 331.
However, yesterday’s rebound hints for recovery action. A push over 355 3/4 should boost rebounding
rallies. A close over 362 1/4* is needed for a reversing turnaround and recovery to key 373 1/2* resistance.

MAY SOYBEANS Resist: 972+, 977-977 1/2 ST Trend: Sdwys/Up

(968) Supprt: 960-958 1/2, 947-946 1/2* Obj: None TRP: 946.50
Comment: The market is muscling a bull shift in the larger sideways congestion zone. A close under 946
1/2* is needed to flip the bias of congestion down and possibly start a larger downturn. However, the
current recovery calls for continued climbing advances and potential for an upside breakout from
congestion. A close over the swing highs in the 970’s could kick off bull trending trade that reaches for an
initial 1000-1010 swing target.

MAY SOYMEAL Resist: 27900-80, 282-28310 ST Trend: Sdwys/Up

(27520) Supprt: 27140, 26990-70, 26640* Obj: 282 TRP: 266.40
Comment: The market is signaling a reversing turn back to the upside and suggesting rallies to challenge
against the last swing high. A breakout over 38310 will for a possibly longer term upside breakout and
launch initial rallies into the mid 290’s. Any corrective dips should fight to hold along 270 and only a close
under 26640* rekindles bear trend forces.

MAY BEAN OIL Resist: 3997, 4020, 4055+ ST Trend: Sdwys/Up

(3974) Supprt: 3933-, 3896* Obj: 4061 TRP: 38.96
Comment: The market holds a slight bull bias and favors additional retracement rallies to reach 4061. A
push over 4020 negates Monday’s downturn. Powering over 4090-4102 is needed to indicate a larger
emerging bull trend. Monday’s setback may yet lead into 1-2 defensive congestion days. However, only a
close under 3896* will provoke a sustained bear trend.

JUN CATTLE Resist: 9470-75, 9525-45, 9610-30 ST Trend: Sdwys/Up

(9360) Supprt: 93225-00*, 9215-00 Obj: None TRP: 93.00
Comment: The market remains in a secondary upswing and a pop over last week’s high or close over
9455* should rekindle pressing rallies to attack against the 9630 swing high. A close over 9630 targets an
initial breakout rally to 9725 and potential to higher levels. This week’s setback favors corrections today. A
close under 9300* rejects the bull alignment and calls for selloffs to 9200.

JUN HOGS Resist: 8585-90, 8700+/- ST Trend: Sdwys/Up

(8560) Supprt: 8495-90, 8440-30, 8340- Obj: None TRP: 82.80
Comment: The market is bullish with yesterday’s thrust higher suggesting a preliminary upturn from
flagging congestion to launch a fresh bull leg to 8700. Sustained action over 8590+ should spark rallies.
Trade may slip to additional sideways flagging congestion for 1-2 days, but a drop under this week’s low is
needed to touch off a reversal and selloffs to attack 8280* for a larger topping downturn.

GRI 259 Middaugh Rd. Clarendon Hills, Illinois USA 60514 Phone: (630) 986-8683 www.gri2.com
 GLOBAL RESEARCH & INVESTMENTS Daily Technical Overview
TOOLS FOR TECHNICAL TRADERS U.S. April 14, 2010

JUN B-POUND Resist: 15408*-24, 15480, 15554* ST Trend: Sdwys/Up

(15361) Supprt: 15280-51, 15194* Obj: 15554 TRP: 150.53
Comment: The market is signaling a bottoming turn, alerting for recovery moves over the coming week. A
close over 15408* will boost advances to a retracement resistance level at 15554*. Mon-Tuesday’s inability
to hold rallies cautions for corrective dips, but trade should fight to hold around the congestion days of last
week just under 15280-. A close under 15194* is needed to mark a near term reversal and pressure
setbacks against the 15053* support level.

JUN CANADIAN$ Resist: 9993, 10004-22, 101+ ST Trend: Sdwys/Up

(9986) Supprt: 9943, 9900-9869, 9825* Obj: 101? TRP: 98.25
Comment: Overall the market is bullish, but trade is up around initial upside target levels at 100+. A close
over 10020 is needed to spark a stronger bull leg to 101+. The corrective setbacks from over 100 may yet
foster a flagging days. Trade should fight to hold the previous Friday’s inside congestion day. A drop under
9869 is needed to trigger a topping reversal and corrections back to 9825* support.

JUN EURO Resist: 13608*, 13735, 13800+/- ST Trend: Sdwys

(13602) Supprt: 13557-, 13510-, 13440* Obj: None TRP: 136.08
Comment: Monday’s jump higher is a response to last week’s failed test of the late March swing low. The
market posture is bullish and a reluctance to back fill down to 13500 should prompt pressing rallies. A pop
over Monday’s high and close over 13608* will each help boost rallies to test around the March swing high
at 13800+. If trade struggles to hold over 13608*, suspect dips back to 13500. A close under 13440* is
needed to rekindle bear trend forces and drive trade against recent lows.

JUN J-YEN Resist: 10786-97, 10820-23, 10860* ST Trend: Down

(10734) Supprt: 10690+, 10653*, 10570- Obj: 10490 TRP: 108.60
Comment: Overall the market is bearish, but look for a close under 10653* to touch off another round of
dips into target levels around 106-10550. A close under last Friday’s low could add declines to 10490. Near
term corrective recovery action hints for retracements and consolidation of the bear trend with choppy
action up around 108. However, a close over 10860* is needed to highlight a stronger bottoming turn.

JUN SWISS Resist: 9507, 9570-90 ST Trend: Sdwys/Up

(9495) Supprt: 9430+/-, 9398-, 9360* Obj: None TRP: 93.60
Comment: This week’s surge higher signals a reversing turn and projects rallies against the 9590 swing
high. Continued stable action over Monday’s gap will promote rallies. Be prepared for back for stalled rallies
in the 9550+ area that could again prompt back tracking, but expect support at Monday’s gap. Only a close
under 9360* rekindles bear trend forces.

JUN AUSSIE$ Resist: 9270, 9380-9400? ST Trend: Up

(9227) Supprt: 9171, 9164-55, 9119-9095 Obj: None TRP: 90.68
Comment: The market is bullish, ready to extend breakout advances. The larger formation projects climbing
moves to 9350-9400 and a close over 9301 should spark rallies. Mon-Tuesday’s setbacks hint for
corrective congestion into today, but trade should hold around upturn levels at 9155+. A drop under 9095 or
close under 9155 could send a retracement to test 9068*.

JUN US DOLLAR Resist: 8100+/-, 8125, 8164* ST Trend: Sdwys/Down

(8055) Supprt: 8035+/-, 8011, 7985- Obj: 7985 TRP: 81.64
Comment: Monday’s drop lower shifts trade to topping or corrective selling forces and signals for declines
against the last 7973 swing low. A reluctance to back fill Monday’s gap will promote selloffs. A press under
8011 will send declines to attack under 7985-. A close over 8125 stops bear forces, but a close over 8164*
is needed to trigger a reversal back to bull trending trade.

GRI 259 Middaugh Rd. Clarendon Hills, Illinois USA 60514 Phone: (630) 986-8683 www.gri2.com
 GLOBAL RESEARCH & INVESTMENTS Daily Technical Overview
TOOLS FOR TECHNICAL TRADERS U.S. April 14, 2010

DEC EURODOLLR Resist: 9922-24 ST Trend: Sdwys/Up

(9920) Supprt: 99155-145, 9912, 9906- Obj: None TRP: 98.925
Comment: Last week’s rally rejects recent corrective selloffs and moves trade back into the larger bull
flagging consolidation of the past month, building for another thrust into new highs. A close over 9924 could
launch a bull drive to 9930-34. Suspect dips to now hold over 9912+ to keep bull forces. Closes under 9910
and 9905 alerts for a topping / reversing downturn from congestion.

JUN T-NOTES Resist: 11619*, 11631, 117025-06 ST Trend: Sdwys/Up

(116145) Supprt: 11601-00, 11527, 115155* Obj: 117025 TRP: 115.155
Comment: The market is signaling a reversal and bottoming action that calls for retracement moves and
further tests of 11619* resistance. Stable action over 11610 should promote rallies against 11619*. A close
over 11619* projects a leg to 117025 and chance to stretch to 11709. Any dips that hang sideways over
11527+ to maintain upside momentum forces. A close under 115155* is needed to rekindle bear forces and
send a break under last Monday’s low.

JUN T-BONDS Resist: 11620-21, 11625*, 11711+ ST Trend: Sdwys/Down

(11614) Supprt: 11527-26, 11515, 11504* Obj: None TRP: 116.25
Comment: Current rebounds alert for a rejection of the bear downswing. Suspect creeping retracements to
test 11625* resistance. A close over 11625* signals a bottoming turn and targets rallies up around 11716+/-
. If rallies are stopped by 11625*, then bear forces could again pressure dips back under 11515-. A close
under 11504* is needed to resume bear trending moves.

JUN S&P Resist: 1200+/-, 120350?, 1220+/- ST Trend: Up

(119310) Supprt: 1188-188755, 118155* Obj: 1200+ TRP: 1172.60
Comment: The market is bullish and continuing to extend the bull channel drive. Trade is positioned for an
aggressive bull phase, sending rallies beyond 1200+ and holding a chance to spike to long term resistance
at 1220. A close over 1200+ reinforces ideas for accelerating rallies. We may see corrective consolidation,
but dips should hold 118155* to keep strong bull forces. A close under 118155* alerts for a break to test
117260* for a topping / reversing turnover.

JUN MINI DJ Resist: 10988-11003, 11100 ST Trend: Up

(10963) Supprt: 10910, 10875+/-, 10765* Obj: 11100+ TRP: 107.65
Comment: The market is bullish and shows potential for aggressive rallies. Trade could accelerate rallies
from current levels to reach beyond 11100+. Corrective dips should fight to hold around previous
congestion highs around 10900+/- to maintain bull trend forces. A slip under 10875 is near term negative,
but only a close under 10765* highlights the start a peaking turn and sustained correction phase.

JUN NASDAQ Resist: 200650?, 203600 ST Trend: Up

(200125) Supprt: 198500, 197200-196750* Obj: 203600 TRP: 1967.50
Comment: The market is bullish, following the strong bull channel drive. Trade is poised to accelerate rallies
to reach for 203600 and multi-week advance to 205000+. Stable action over 198500+ will help promote
advances. A slip under 198500 is near term negative for a retracement to test 196750* for a reversing /
peaking turnover.

JUN MIN-RUSSEL Resist: 71460?, 72400 ST Trend: Up

(70680) Supprt: 69900+/-, 69250, 68050* Obj: 72400 TRP: 669.90
Comment: The market is bullish and showing breakout action into new highs with an initial target for
advances to 72400. Stable action over 70000 will encourage strong rallies the next few days. A close under
69000 calls for corrections, but trade should also fight to hold 68050*. Only a close under 68050* alerts for
a reversal into a correction phase to test 66990* for a larger top.

GRI 259 Middaugh Rd. Clarendon Hills, Illinois USA 60514 Phone: (630) 986-8683 www.gri2.com
 GLOBAL RESEARCH & INVESTMENTS Daily Technical Overview
TOOLS FOR TECHNICAL TRADERS U.S. April 14, 2010

JUN GOLD Resist: 115860, 1161, 1164-117070 ST Trend: Up

(115340) Supprt: 114550-1142, 113660* Obj: None TRP: 1136.60
Comment: The market trend is up, but Monday’s trade left a failed breakout attack over the 116410 swing
high, prompting the reactionary setback yesterday and warns for defensive trade into today-Thursday.
Corrective dips should fight to hold back around 114550-1142. A close under 113660* is needed for a
reversing turn and sustained corrections along the low 1120’s. Tight congestion off the 114550-1142 area
will bull flag. A close over 116410 creates a fresh bull swing objective at 1180-1186.

MAY SILVER Resist: 1842, 1855-18605, 1885+ ST Trend: Up

(1824) Supprt: 18075, 1796-17925, 17723* Obj: None TRP: 1772.3
Comment: The market is short term bullish, but rallies stalled into a correction with yesterday’s break. Be
alert for corrective dips to follow up yesterday’s selloffs. A drop below 17925 marks a near term reversing
turn for selloffs to test 17784* for a peaking turnover. Residual bull forces could foster creeping action
within Monday’s range, but a close over 1855 is needed to stretch out fresh moves to test January swing
high levels near 1885+.

MAY COPPER Resist: 36065, 36280*, 364+ ST Trend: Sdwys/Up

(35935) Supprt: 35520, 35250-35155* Obj: None TRP: 351.55
Comment: The market remains in the bull trend, but needs a punch over Monday’s high to run a spike
around 37325. Monday’s reversal from a new high alerts for a peaking turn and reactionary selloffs. Trade
could try to hang in the lower half of Monday’s reversal, but suspect pressured corrections to test 35155*. A
close under 35155* confirms a reversing turnover for selloffs into the low 340’s.

MAY CRUDE OIL Resist: 8482, 8510-15, 8534* ST Trend: Sdwys/Up

(8375) Supprt: 8324-, 8275-51, 8200* Obj: 9000 TRP: 82.00
Comment: The market remains bullish with near term trade working through flagging action. Be prepared
for another 1-2 flagging days, but yesterday’s rebound off previous congestion highs near 8335+/- suggests
a potential base level for flagging dips. Rebounds off 8335- should foster secondary rallies. A pop over last
Friday’s high or close over 8534* could spark aggressive rallies to attack the 8709 swing high and try for a
breakout run to 9000. Only a drop under yesterday’s low sends pullback to 8200*.

MAY HEAT OIL Resist: 22277, 22459*-69, 227 ST Trend: Sdwys/Up

(22142) Supprt: 22025-10, 21875* Obj: 229? TRP: 213.15
Comment: Overall the market remains bullish and targets another upswing to 229. A pop over Friday’s high
or close over 22459* should renew bull trending advances. Current corrections are working through
flagging congestion that may extend into today, but the stalled selloff against key 21875* support alerts for
a possibly low to setbacks. A close under 21875* is needed to drive harder setbacks below 215.

MAY RBOB Resist: 232, 23276*, 23500-89 ST Trend: Up

(23093) Supprt: 22860, 22790, 22581* Obj: 239 TRP: 225.81
Comment: Current setbacks are working through a near term correction that may extend into today.
However, only a close under 22581* highlights a topping reversal and drive selloffs to the low 220’s.
Rebounds in recent days hints for a basing level to flagging action with trade action generally bullish and
building for a punch over Wednesday’s high or close over 23276* to rekindle a run to 239.

MAY NATRL GAS Resist: 4205, 4254-4300 ST Trend: Sdwys/Down

(4160) Supprt: 4065, 3995, 3900-3822 Obj: None TRP: 45.56
Comment: Overall the trend is still down, but a close under 3822 is needed to open a fresh washout near
3500. The recent fight to bottom off the 3822 weekly support is forming basing congestion that hints for
recovery rallies to push for a bottoming breakout over last week’s swing high. A close over 4334 targets a
bull retracement drive up to 4400 and possibly 4556*.

GRI 259 Middaugh Rd. Clarendon Hills, Illinois USA 60514 Phone: (630) 986-8683 www.gri2.com
 GLOBAL RESEARCH & INVESTMENTS Daily Technical Overview
TOOLS FOR TECHNICAL TRADERS U.S. April 14, 2010

MAY SUGAR Resist: 1722-27, 1792* ST Trend: Sdwys/Down

(1698) Supprt: 1646, 1624-1621, 1572- Obj: None TRP: 21.61
Comment: The market is bearish and vulnerable to additional washouts to reach around old monthly upturn
levels associated with 1500-. Trade action remains negative and vulnerable for selloffs into breakout action
under previous lows. Trade may try to extend mild rebounds and stable action over last Monday’s high
again should boost recovery rallies. Trade trapped by 1792*+/- should remain in the bear formation. A close
over 1792* is needed to signal for a multi-day recovery phase.

MAY COFFEE Resist: 13310, 13390-13420, 13680* ST Trend: Down

(13220) Supprt: 131-, 12950-12825 Obj: 131- TRP: 136.80
Comment: The market is bearish and Tuesday’s extension lower should propel declines to 131-. A close
under 131 hints for a spike down to old swing lows under 130-. Any corrective rebounds held under
Monday’s inside day high will keep bear forces intact. A pop over 13420 alerts for a near term reversal that
could boost retracements back into the 135-136 range. However, only a close over 13680* rekindles bull
trend forces.

JUL COCOA Resist: 2930-31, 2957*+/-, 3000-09 ST Trend: Sdwys/Down

(2881) Supprt: 2843, 2820- Obj: 2800- TRP: 30.56
Comment: The market remains in a bear trend forces and poised for selloffs to probe back under 2800-. A
close under 2772 is bearish and should drive a bear wave to the low 2700’s. We may see modest
corrective rebounds, but a close over 2957* is needed to restart basing recovery forces and send another
push to challenge the last minor swing high and 3056* resistance. A close over 3056* highlights a
bottoming turn and climb over 3100+.

MAY COTTON Resist: 8009*, 8120* ST Trend: Sdwys/Down

(8003) Supprt: 7955, 7897, 7825-7781 Obj: 7700- TRP: 81.20
Comment: The market is still caught within last week’s sharp break, signaling a downside breakout from the
congestion of the past month and half, opening up the formation to selloffs along 7700 and chance for
harder declines. Yesterday’s rebound has trade testing into previous congestion. A close over 8009* stops
aggressive bear forces and close over 8120* alerts for a reversing turn to power rallies back to congestion
highs up around 8300.

GRI 259 Middaugh Rd. Clarendon Hills, Illinois USA 60514 Phone: (630) 986-8683 www.gri2.com
 GLOBAL RESEARCH & INVESTMENTS Daily Technical Overview
TOOLS FOR TECHNICAL TRADERS U.S. April 14, 2010

SHORT-TERM OUTLOOK
by Global Research & Investments

JUN NATRL GAS: Longs at 4151 should risk a close under 4027 or 4005 Stop. The objective is 4555.

JUN CRUDE OIL: Longs at 8425-8380 should risk a close under 8380 or 8317 Stop. The objective is 9000.

JUL WHEAT: The congestion of recent days is allowing trend momentum forces to shift to the upside and
could provide a staging levels for a breakout upturn past 479* resistance. A close over 479* targets to 495
3/4 and multi-week potential to 511. Consider buying at 470 OB and risk 462 1/4 or a close under 464 3/4.
The objectives are 495 3/4 and 511.

NOV SOYBEANS: The congestion of the past couple months is developing the potential for a basing /
bottoming area to stage a significant turn to higher prices. A breakout over congestion highs creates
potential for advances to 985 and 995. Consider buying at 937 OB and risk a close under 930 or 925 3/4
Stop. The objectives are 985/995.

***OVERNIGHT DAY TRADE**

JUN NATRL GAS: The June Gas is muscling a bottoming turn and has trade poised for rallies to test
against last week’s swing high. Consider buying a dip at 4201 OB and risk 4141 Stop. The objective is 4342
or exit by the close.

*PUBLISHED BY GLOBAL RESEARCH & INVESTMENTS LLC 259 MIDDAUGH RD. CLARENDON
HILLS, IL 60514 USA PHONE: (630) 986-8683 EMAIL: support@gri2.com All rights reserved.
Reproduction in any form without the expressed, written consent of Global Research & Investments LLC is
strictly forbidden. Information is believed to be reliable, but is not guaranteed.

*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.

GRI 259 Middaugh Rd. Clarendon Hills, Illinois USA 60514 Phone: (630) 986-8683 www.gri2.com