Dear Friends,
Enjoy Wednesdays flashnews here: our special offer will end soon. Thanks Mahendra Sharma
Dear Members,
Metals traded weaker, oil also traded both side and S&P remain in tight range even though Greece ghost came back in markets. Soft commodities gave up some gains but grains achieved top as predicted on Monday and Tuesday but in the last hour they we seen some profit booking coming in.
Another 36 hours pending of uncertain time for the commodities (metals, energy and soft), but one can take buying on lower levels. Stock markets will trade in the tight range. Treasury Bonds will gain from later today.
Here is Wednesday’s trading range for all major markets:
GOLD/SILVER
Precious metals remain positive once again against all currencies, dollar’s move up never affected the gold/silver trend. On Thursday, both these metals may push towards last month’s high. In our weekly newsletter we mentioned that from Wednesday the precious metals would start trading positive.
Here is Wednesday’s trading range for precious metals:
GOLD - $1672.90 TO $1645
SILVER - $32.59 TO $31.57
COPPER/PLATINUM/PALLADIUM
Base metals will remain in tight range but don’t buy any position for today. Wednesday’s trading range for base metals:
COPPER - $385.90 TO $374.10
PALLADIUM - $686 TO $669
PLATINUM – $1568 TO $1539
STOCK MARKET
Here is Wednesday’s trading range for indexes:
AUSTRALIAN – 4237 to 4180
NIKKEI – 8860 TO 8786
NIFTY – 5168 TO 5121 (spot)
HONG KONG - 20388 TO 20112
CAC – 3359 TO 3318
DAX - 6465 TO 6378
FTSE – 5757 TO 5683
S&P – 1317.75 TO 1303
NASDAQ – 2468 TO 2429
RUSSELL – 795 TO 780
DOW – 12705 TO 12530
COFFEE/COTTON
Avoid any position for today, Wednesday’s trading range:
COFFEE - $221.80 TO $216.30
COTTON - $98.98 TO 96.68
COCOA - $2438 TO $2343
SUGAR - $25.09 TO $24.68
ORNAGE JUICE - $221.55 TO $212.90
TREASURY BOND
By late tomorrow you should start building buying position in the thirty year bond.
Wednesday’s trading range: 142-18 to 140-09
GRAINS
I am sure many have book profit in grains as during last half an hour of trading soy and other grains process started giving up gains. Grain will trade mix but wheat and soy may show some positivity.
Here is Wednesday’s trading range for grains:
CORN - $639 TO $625
SOY - $1230 TO $1214.5
SOY OIL - $52.01 TO $51.19
SOY MEAL - $328 TO 320
WHEAT - $647.25 TO $626.50
RICE – 14.75 TO $14.42
ENERGY
Oil has been trading as predicted, trade in and out as per trading range of the day. Here is Wednesday’s trading range:
OIL – $100.45 TO $98.03 (Sell at higher level, as we may see corrections and buy on sharp fall)
NATURAL GAS - $2.69 TO $2.52
CURRENCIES
Trading in and out in all currencies, sell at higher prices, or buy dollar against all currencies at lower predicted range, all other currencies will trade both side. Selling recommendations of yen made huge money in the last two trading days for members, adding sell position in Yen.
Here is Wednesday’s trading range:
DOLLAR INDEX – 79.55 to 80.30
EURO – 1.3088 to 1.2970
AUSTRALIAN DOLLAR – 1.0478 to 1.0383
CANADIAN DOLLAR – 0.9939 to 0.9859
BRITISH POUND – 1.5677 to 1.5530
JAPANESE YEN – 1.2937 to 1.2830
SWISS FRANC – 1.0839 to 1.0733
RUPPEE – 50.05 to 49.72
RAND – 7.93 to 07.84
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Thanks & God Bless
Sharma Mahendra
Tuesday, 4.30 PM Santa Barbara