Dear Friends,
Here is Thursdays flashnews, whichi we always send before Asian market open. This is day trading services, which really became very popular among day traders. I am sure you will enjoy this yesterdays flash which was for today. Thanks & God Bless, Mahendra Sharma
Dear Members,
Wednesday all major markets traded positively, this giving clear indication that soon volatility will disappear from Wall-Street and market will move in one directions. Tomorrow is a final volatile day and if that passes without any damage means get ready for huge up move in all major markets.
Metals will remain in tight range; oil may give up gains and grains to trade weaker. Soft commodities will remain in directionless zone. Natural gas will remain still in volatile so trade in and out as predicted range.
As in this week newsletter we already mentioned that from late Wednesday and Thursday volatile day so let this period get over. We are not recommended or recommending any shorts in markets as they are our favorite of 2012, world investor community will see S&P reaching 1600 by end of this year.
Don’t short treasury bonds, cotton and sugar.
Thursday’s trading range:
GOLD: $1670.30 to $1643
SILVER: $30.89 to $30.03
Copper- $379 - $368
Platinum - $1542 - $1508
Palladium - $679 - $659
Here is trading range for Thursday’s indexes.
Australian – 4239 TO 4181
Nikkei – 8692 TO 8591
Hang Sang – 19950 TO 19702
CAC – 3328 TO 3280
DAX – 6445 TO 6342
FTSE – 5708 TO 5637
S&P – 1313 TO 1295
NASDAQ – 2438 TO 2411
RUSSELL – 784 TO 769
DOW – 12598 TO 12550
Thursday’s trading range for coffee and cotton.
COFFEE - $222.30 TO $227.90
COTTON - $98.90 TO $96.50 (buy)
COCOA - $2321 - $2255
SUGAR - $24.38 - $23.84 (buy sugar)
ORANGE JUICE - $196 - $188
Here is the trading range of Thursday’s.
CORN - $602 - $590
WHEAT - $601 - $588
SOY - $1198 - $1178
SOY MEAL - $314.3 - $308.8
SOY OIL - $50.81 - $50.11
RICE - $14.83 - $14.51
Here is Thursday’s trading range:
OIL - $102.25 - $99.70 (March contracts)
NATURAL GAS - $2.45 - $2.59 (March contracts)
Thirty year bond – 143-20 to 144-21
Here is Thursday’s trading range for all Currencies:
DOLLAR – 81.21 TO 80.51
AUSTRALIAN DOLLAR – 1.0412 TO 1.0312
BRITISH POUND – 1.5498 TO 1.5375
CANADIAN DOLLAR – 0.9937 TO 0.9819
EURO – 1.2915 TO 1.2795
JAPANESE YEN – 1.3062 TO 1.2998
SWISS FRANC – 1.0698 TO 1.0579
RAND – 7.89 TO 8.02
INDIAN RUPEE – 50.75 TO 51.41
Thanks & God Bless
Mahendra Sharma
Wednesday 4.15 PM Santa Barbara