0358233 COPYRIGHT MMX JEFFREY MANDALIS ALL RIGHTS RESERVED

GOLD SPOT TECHNICALS AS OF FEBRUARY 26, 2007

840.30 Running Resistance 2
771.60 Running Resistance 1
705.35 Current Resistance 2
697.20 Current Resistance 1
677.15 Current Pivot
671.20 Current Mean
669.00 Current Support 1
663.30 Running Pivot < 732.00 H 555.00 L >
648.95 Current Support 2
643.50 Running Mean
594.60 Running Support 1
486.30 Running Support 2

GOLD CBOT OPTIONS AS OF FEBRUARY 26, 2007

Z07_650_C - Z07_700_C 25.00
Z07_650_P - Z07_700_P -25.00
Z07_675_C - Z07_700_C 12.50
Z07_675_P - Z07_700_P -12.50
M08_625_C - M08_650_C 12.50
M08_625_P - M08_650_P -12.50
M08_650_C - M08_700_C 25.00
M08_650_P - M08_700_P -25.00
M08_700_C - M08_750_C 12.50
M08_700_P - M08_750_P -37.50
Z08_675_C - Z08_700_C 12.50
Z08_675_P - Z08_700_P -12.50
Z08_650_C - Z08_700_C 12.50
Z08_650_P - Z08_700_P -37.50
Z08_600_C - Z08_700_C 50.00
Z08_600_P - Z08_700_P -50.00

Z07_600_C 25.00
Z07_700_P -50.00
Z08_650_C 25.00
Z08_800_P -100.00
Z09_700_C 50.00
Z09_900_P -150.00
Z10_750_C 50.00
Z10_1000_P -200.00

SILVER SPOT TECHNICALS AS OF FEBRUARY 26, 2007

18.9225 Running Resistance 2
17.3550 Running Resistance 1
15.3625 Current Resistance 2
15.0850 Current Resistance 1
14.3825 Current Pivot
14.1700 Current Mean
14.1050 Current Support 1
13.4025 Current Support 2
13.4025 Running Pivot < 14.9700 H 09.4500 L >
12.2100 Running Mean
11.8350 Running Support 1
07.8825 Running Support 2

SILVER CBOT AND COMEX OPTIONS AS OF FEBRUARY 26, 2007

N07_1350_C - N07_1400_C 0.25
N07_1350_P - N07_1400_P -0.25
Z07_1400_C - Z07_1450_C 0.25
Z07_1400_P - Z07_1450_P -0.25
N08_1450_C - N08_1500_C 0.25
N08_1450_P - N08_1500_P -0.25
Z08_1400_C - Z08_1450_C 0.25
Z08_1400_P - Z08_1450_P -0.25
N09_1400_C - Z09_1500_C 0.50
N09_1400_P - N09_1500_P -0.50
Z09_1300_C - Z09_1500_C 1.00
Z09_1300_P - Z09_1500_P -1.00
N10_1350_C - N10_1750_C 2.00
N10_1350_P - N10_1750_P -3.00
Z10_1500_C - Z10_2000_C 1.00
Z10_1500_P - Z10_2000_P -4.00

N09_2500_C 0.10
N09_2500_P -10.00
Z09_2500_C 0.10
Z09_2500_P -10.50
N10_3000_C 0.05
N10_3000_P -12.50
Z10_3000_C 0.05
Z10_3000_P -15.00
N11_3500_C 0.02
N11_3500_P -20.00

COPPER SPOT TECHNICALS AS OF FEBRUARY 26, 2007

4.8313 Running Resistance 2
3.7275 Running Resistance 1
3.2725 Running Mean
3.0844 Current Resistance 2
3.0563 Running Pivot < 4.1600 H 2.3850 L >
2.9938 Current Resistance 1
2.7769 Current Pivot
2.7138 Current Mean
2.6863 Current Support 1
2.4694 Current Support 2
1.9525 Running Support 1
1.2813 Running Support 2

COPPER COMEX OPTIONS AS OF FEBRUARY 26, 2007

M07_230_C - M07_250_C 0.10
M07_230_P - M07_250_P 0.10
Z07_250_C - Z07_300_C 0.20
Z07_250_P - Z07_300_P 0.30
M08_300_C - M08_350_C 0.20
M08_300_P - M08_350_P 0.30
Z08_300_C - Z08_400_C 0.10
Z08_300_P - Z08_400_P 0.90

Z07_300_C 0.10
Z07_300_P -50.00
M08_350_C 0.10
M08_400_P -150.00
Z08_400_C 0.10
Z08_500_P -250.00

SOYBEANS SPOT TECHNICALS AS OF FEBRUARY 26, 2007

1462 04/08 Running Resistance 2
1127 02/08 Running Resistance 1
0806 00/08 Current Resistance 2
0792 04/08 Current Resistance 1
0777 04/08 Current Pivot
0776 06/08 Current Mean
0750 04/08 Running Mean
0764 04/08 Running Pivot < 1099 04/08 H 778 02/08 L >
0749 00/08 Current Support 2
0429 02/08 Running Support 1
0066 04/08 Running Support 2

SOYBEANS CBOT OPTIONS AS OF FEBRUARY 26, 2007

N07_750_C - N07_800_C 0.25 00/08
N07_750_P - N07_800_P -0.25 04/08
X07_750_C - Z07_800_C 0.25 00/08
X07_750_P - Z07_800_P -0.25 04/08
N08_750_C - N08_800_C 0.25 00/08
N08_750_P - N08_800_P -0.25 00/08
X08_800_C - Z08_850_C 0.12 04/08
X08_800_P - Z08_850_P -0.37 04/08

N07_800_C 0.12 04/08
N07_800_P -0.12 04/08
X07_800_C 0.25 00/08
X07_800_P -0.25 00/08
N07_850_C 0.12 04/08
N07_850_P -0.12 04/08
X08_850_C 0.25 00/08
X08_850_P -0.25 00/08

CORN SPOT TECHNICALS AS OF FEBRUARY 26, 2007

0769 04/08 Running Resistance 2
0615 00/08 Running Resistance 1
0448 06/08 Current Resistance 2
0441 00/08 Current Resistance 1
0427 02/08 Current Pivot
0424 02/08 Current Mean
0419 04/08 Current Support 1
0405 06/08 Current Support 2
0400 00/08 Running Pivot < 554 04/08 H 185 00/08 L >
0369 06/08 Running Mean
0245 04/08 Running Support 1
0030 06/08 Running Support 2

CORN CBOT OPTIONS AS OF FEBRUARY 26, 2007

N07_450_C - N07_500_C 0.25 00/08
N07_450_P - N07_500_P -0.25 00/08
Z07_400_C - Z07_450_C 0.25 00/08
Z07_400_P - Z07_450_P -0.25 00/08
N08_450_C - N08_500_C 0.12 04/08
N08_450_P - N08_500_P -0.12 04/08
Z08_450_C - Z08_500_C 0.25 00/08
Z08_450_P - Z08_500_P -0.25 00/08

N07_400_C 0.12 04/08
N07_400_P -0.12 04/08
Z07_400_C 0.25 00/08
Z07_425_P -0.25 00/08
N08_425_C 0.12 04/08
N08_450_P -0.25 00/08
Z08_450_C 0.12 04/08
Z08_500_P -1.50 00/08

WHEAT SPOT TECHNICALS AS OF FEBRUARY 26, 2007

1012 06/08 Running Resistance 2
0748 00/08 Running Resistance 1
0507 00/08 Current Resistance 2
0497 04/08 Current Resistance 1
0485 02/08 Running Pivot < 750 00/08 H 222 0/08 L >
0480 04/08 Current Pivot
0471 00/08 Current Support 1
0454 00/08 Current Support 2
0220 02/08 Running Support 1

WHEAT CBOT OPTIONS AS OF FEBRUARY 26, 2007

K07_450_C - K07_550_C 0.25 00/08
K07_450_P - K07_550_P -0.50 00/08
N07_450_C - N07_500_C 0.25 00/08
N07_450_P - N07_500_P -0.25 00/08
U07_500_C - U07_550_C 0.25 00/08
U07_500_P - U07_550_P -0.25 00/08
Z07_500_C - Z07_550_C 0.25 00/08
Z07_500_P - Z07_550_P -0.25 00/08
H08_500_C - H08_550_C 0.25 00/08
H08_500_P - H08_550_P -0.25 00/08
K08_500_C - K08_600_C 0.50 00/08
K08_500_P - K08_600_P -0.50 00/08
N08_550_C - N08_600_C 0.25 00/08
N08_550_P - N08_600_P -0.25 00/08
U08_550_C - U08_600_C 0.25 04/08
U08_550_P - U08_600_P -0.25 04/08
Z08_550_C - Z08_600_C 0.25 06/08
Z08_550_P - Z08_600_P -0.25 06/08

K07_500_C 0.12 04/08
K07_500_P -0.12 04/08
N07_500_C 0.25 00/08
N07_500_P -0.25 00/08
U07_525_C 0.12 04/08
U07_525_P -0.12 04/08
Z07_525_C 0.25 00/08
Z07_525_P -0.25 00/08

THIRTIES SPOT TECHNICALS AS OF FEBRUARY 26, 2007

133 23/32 Running Resistance 2
121 23/32 Running Resistance 1
113 23/32 Running Mean
112 13/32 Running Pivot < 124 12/32 H 103 02/32 L >
112 02/32 Current Resistance 2
111 16/32 Current Resistance 1
111 10/32 Current Mean
111 06/32 Current Pivot
110 20/32 Current Support 1
110 13/32 Running Support 1
110 10/32 Current Support 2
091 03/32 Running Support 2



TENS SPOT TECHNICALS AS OF FEBRUARY 26, 2007

123 08/32 Running Resistance 2
114 20/32 Running Resistance 1
111 00/32 Running Mean
109 10/32 Running Pivot < 117 30/32 H 104 02/32 L >
108 06/32 Current Resistance 2
108 00/32 Current Resistance 1
107 20/32 Current Pivot
107 16/32 Current Mean
107 14/32 Current Support 1
107 02/32 Current Support 2
100 24/32 Running Support 1
095 14/32 Running Support 2


FIVES SPOT TECHNICALS AS OF FEBRUARY 26, 2007

122 18/32 Running Resistance 2
112 18/32 Running Resistance 1
110 12/32 Running Mean
107 24/32 Running Pivot < 117 24/32 H 103 00/32 L >
105 14/32 Current Resistance 2
105 10/32 Current Resistance 1
105 04/32 Current Pivot
105 02/32 Current Mean
105 00/32 Current Support 1
104 24/32 Current Support 2
097 24/32 Running Support 1
093 00/32 Running Support 2


PLEASE TAKE DUE NOTICE HEREOF THAT THE PAST MAY NEVER INDICATE FUTURE RESULTS.
SERIOUS RISKS OF LOSS WITH TRADING FUTURES OR OPTIONS ARE NOT SUITABLE FOR ALL.
POTENTIAL LOSSES MAY OBLIGATE EVEN MORE THAN BALANCES OF FUNDS DEPOSITED.
NEVER TRADE FUTURES OR OPTIONS WITHOUT QUALIFIED PROFESSIONALS.

ALL RECOMMENDATIONS DERIVED BY THE ASSOCIATED PERSON INDEPENDENTLY OF THE
FUTURES COMMISSION MERCHANTS SOLELY FOR PURPOSES OF MARKET RESEARCH AND ARE
IN NO WAY TO BE CONSIDERED AS OFFERS TO CONTRACT WITH FUTURES OR OPTIONS.

ANY UNAUTHORIZED USE WHATSOEVER EXPRESSLY AND ABSOLUTELY PROHIBITED BY LAW
WITH ALL RIGHTS RESERVED BY JEFFREY MANDALIS COPYRIGHT MMVII

Jeffrey Mandalis (C)2007, Senior Full Service Broker
Shatkin, Arbor Inc.
Futures Commission Merchants
Chicago Board of Trade
141 West Jackson Boulevard, Suite 300
Chicago, Illinois 60604

877-SHATKIN toll free
312-347-0100 local
http://www.shatkinarbor.com
jmandalis@shatkinarbor.com

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