Dear Members,
Wednesday currencies and stock made huge gain, but now short term indications from planets are turning negative for indexes and currencies and commodities. Any sharp rise or sharp fall should be taken fearlessly trading opportunity. Mercury changing house gave new life to stocks keep accumulating food and technology stocks.
Gold, copper and silver will trade mix or bit negative on Thursday. Platinum and Palladium will move sideways. Best buying opportunity in metals will come in the last week of October so have patience, do hurry as metals may see one more sharp corrections before end of October.
Thursday trading range for:
Gold - $1684 to $1662
Silver - $32.81 to $31.93
Copper - $343 to $330.50
Oil will trade weaker as predicted, achieved both side target on Wednesday, planets are not giving any bullish indicators for oil, trading range:
Oil - $85.98 to $83.82
Natural gas - $3.43 to $3.59
Grain remained weaker on Wednesday as predicted, wait as still positive time is yet to come so avoid any trading in grains. Wheat, soy, Soy meal and soy oil will remain weaker with oat. Rice will move up.
Treasury Bond (30 Years)
Trading range will be 138.09 to 140.27.
Soft commodities traded as predicted expect cotton came down and report. Cocoa and other soft commodities Wednesday’s trading range came very accurate. Here is trading range for all soft commodities;
Coffee – $224.90 to $219.80
Cotton – $102.45 to $100.15
Cocoa – $2593 to $2672
Sugar – $25.72 to $26.48
Orange Juice - $160.5 to $165.70
Lumber - $214.80 to $223.30
S&P recovered sharply on Wednesday as mentioned in flash, and other stock exchanges also made handsome gain but now they will take some rest. In Indian market food stocks moved up sharply, and all over recommended stocks did extremely well. Buy S&P around $1193 and next our next target is 1232. Don’t go short in S&P but surely we recommend booking partly profit here on Thursday those who haven’t book profit on Wednesday. .
Thursday range for all markets:
Australian market – 4288 to 4193
Nikkei – 8888 to 8805
Hong Kong – 18559 to 18330
DAX – 6028 to 5892
CAC – 3248 to 3173
FTSE – 5439 to 5335
S&P mini – 1209 to 1187
DOW mini – 11500 to 11300
Nasdaq mini – 2317 to 2277
Dollar will gain on Thursday so great time to accumulate position in USD against Pound, Canadian and Australian. Yen fell sharply, yen selling is our longer term prediction as yen will touch 1.15 by end of year so keep accumulating puts. Here is trading range for all currencies for Thursday:
Dollar Index – 77.03 to 77.69
Australian – 1.0118 to 0.9938
Canadian – 0.9817 to 0.9742
Pound – 1.5793 to 1.5632
Euro – 1.3819 to 1.3682
Jap Yen – 1.3029 to 1.2927
Swiss Franc – 1.1048 to 1.1196
Note – We are trying to predict range and I am sure this will help short term traders. Take small testing trade today and see if we are right or not. Daily currencies and indexes range should come accurate, don’t target exact price what we put order nearby on both side (higher and lower).
Most of members are very excited about this daily trading which we included in our newsletter services as this becoming important part in day trading decision making.
Thanks & God Bless
Mahendra Sharma
Wednesday 7.35 PM Santa Barbara