Dear Members,
Last week Thursday was great day to buy stocks and many commodities. Today everything opened higher especially precious metals and base metals. We see strong rally this week so get ready for some exciting movements. Good news that gold, silver and platinum held value which indicates low have been formed in precious metals. This week’s weekly newsletter has very important predictions about silver because short term predictions completely failed after 14 June but I highly recommend to read carefully if you are medium to longer term traders in metals.
Base metals are performing well, but they may trade mix in the medium term. We are strongly recommending remain short term traders by following our weekly newsletter and base metals.
Monday positive trend is very important for commodities and commodities closes higher which could be great news.
Oil prices tested $62.11 level as predicted now we need to watch $68.48 level on higher sides, which will be profit booking levels.
Grains and softs are acting mix, cotton is our top pick.
Dollar Index moving lower as predicted is giving great boost to commodities, follow dollar as we don’t see it remaining above $93.88 level and below 93.28 will bring weaker trend.
Stocks market moved as predicted from last week Thursday.
Get ready for Tuesdays trend carefully, we are very excited about markets, commodities and currencies. I am waiting for S&P to close certain level then we are expecting 400 point rally.
In the week newsletter we predicted that if Bitcoin remain $49788 level, then it may test $56228 level so watch Bitcoin closely. Crypto has become part of our weekly newsletter.
Thanks & God Bless
Mahendra Sharma