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Today's Trade & News

Flash update - Traders should remain aware as worst time in coming for stocks and commodities...

Dear Members,
Astrologically, Tuesday was very important days for all commodities and currencies:
 
Yesterday weak trend in metals, oil and grains confirmed that weaker trend in all these commodities is on the way from late today. Currently gold is trading around $939, copper at $2.3450, silver 13.77 and oil at $71.55. We see correction from current prices. All these prices can fall more than seven percent in short term period (with in five trading days).
 
Dollar rebound first time on Tuesday after two months and that give us indication of dollar has enter again in rising trend and this rising trend for the next five days. Today dollar has came down during opening of New York Market but soon from middle of day dollar will regain.
 
After commodities and currencies, stock market also gave weak indication on Tuesday, that confirms that all major markets are near the top and we will see weakness later in day on Wednesday after positive opening.
 
Once again I will recommend fallow Tuesday trend because Wednesdays trend can't be trusted at all, so we call false rising trend in oil, metals and currencies.
 
Thanks & God Bless
Mahendra Sharma, Wednesday 8.10 AM New York