Dear Friends,
Here is Tuesdays Flashnews:
Tuesday’s trading range of all major markets
Dear Members,
Monday markets traded as predicted, we still recommend buying precious metals on any weakness as mentioned yesterday as well as in this week weekly newsletter.
METALS
As we mentioned in this week’s newsletter that for gold/silver do or die situations for this week so they should run if they want to win battle over negativity. Monday they remained positive as we saw and same we are expecting for the Tuesday, trade per mentioned in below range.
Here is Tuesday’s range:
GOLD: $1577.50 to $1600.90
SILVER: $27.73 TO $27.05
COPPER: $348.30 TO $339.10
PALLADIUM: $590.00 TO $577.90
PLATINUM: $1465 TO $1439
SOFT COMMODITIES
Avoid soft commodities on Tuesday, sugar moved up as mentioned yesterday.
Tuesday’s trading range:
COFFEE: $179.05 TO $184.10
COTTON: $71.75 TO $69.59
COCOA: $2359 TO $2283
SUGAR: $23.07 TO $22.32
ORNAGE JUICE: $131.55 TO $127.10
INDEXES
Today we recommend take some buying trade in indexes on lower side as we expected some positive trend. Today’s buying is just for short term. Tomorrow again we will see some volatility in all major markets.
Monday’s trading range (September 2012 contract):
AUSTRALIAN (Cash) – 4178 to 4142
NIKKEI – 8990 TO 8888
NIFTY S&P (Spot) – 5312 TO 5269
SINGAP0RE (cash) – 2950.7 TO 2923.00
HONG KONG (cash) – 19681 to 19405
CAC – 3205 TO 3133
DAX – 6452 TO 6389
FTSE – 5640 TO 5568
S&P – 1359.75 TO 1337.75
NASDAQ – 2633.5 TO 2586
RUSSELL – 809.50 TO 795.25
DOW – 12793 TO 12627
GRAINS
Today any sharp rise should be taken selling opportunity in grains after data release.
Tuesday’s trading range (September contracts):
CORN: $738.75 TO $712.00
WHEAT: $842.25 TO $810.5
RICE: $15.34 TO $15.09
SOY: $1590.25 TO $1427.75
SOY MEAL: $471.25 TO $457.00
SOY OIL: 55.38 TO $54.02
ENERGY
On Tuesday trade in and out in oil, gas and Treasury bond as per the predicted range below. Buy Gold on day lower side in the predicted range and sell oil on higher side day predicted range will be good hedging trade during this week.
Tuesday’s trading range:
OIL: $87.12 to 84.09 August contract
NATURAL GAS: $2.99 to $2.78 August contract
TREASURY BOND – 151-11 TO 150-00 (Sep contracts)
CURRENCIES
Trade in and out in currencies as per mentioned here below range as all major currencies will trade both sides. Take position in rupee as we may see going back to 54.00.
Tuesday’s trading range (September contract).
DOLLAR INDEX – 83.57 to 83.00
AUSTRALIAN DOLLAR – 1.0177 to 1.0077
CANADIAN DOLLAR – 0.9827 to 0.9753
BRITISH POUND – 1.5552 to 1.5455
EURO – 1.2379 to 1.2261
JAPANESE YEN – 1.2611 to 1.2530
SWISS FRANC – 1.0312 to 1.0203
RUPPEE – 55.93 TO 55.55
RAND – 8.27 to 8.18
Request – Don’t share Weekly Newsletter and flashnews with anyone as this purely for you. You have great trust in our theory and we keep trust in you, so please don’t forward to non-subscriber. Let them subscribe or pay by their own pocket as that is what nature’s law says.
I highly recommend flashnews subscribers to read the weekly newsletter to understand the overall trend. There is special offer if you subscribe for the weekly newsletter + flashnews together.
Thanks & God Bless,
Mahendra Sharma
Tuesday 9.30 AM, Mumbai, India