Dear Members,
On Wednesday markets lost value after FED minutes in which indicated that soon Fed will pull back some of assets buying programs. This statement supported USD bit which created some panic selling in commodities.
Market sell off of is important one because it may test today most important crucial level of 4371 and most important one 4343 level so keep this both levels in mind.
Since last three weeks we have been stating that 4478 is most crucial level for S&P and so far S&P failed to move above this level which confirms that S&P has major astro resistance at 4478 and market won’t adopt further bull trend until it closes above this level for the three days.
Though Thursday we are recommending taking some long in market around lower sides due to supportive astro combinations, but I will remain bit carefully. Play with call options rather then open naked future positions but buying time time now.
On other hand precious metals are trading lower, but Thursday is most important astro day and we won’t surprise at all if gold, silver and platinum recover from the lower sides level. Gold will not close below $1768, Platinum $978 and silver $23.21 for three to five days so keep this in mind as they are buying levels.
Don’t touch base metals as they can fall further so wait for our indications. Selling recommendations in base metals done well, specially copper, palladium and Iron ore.
Oil prices are falling hard and may test our predicted target of $64.11 level and may hold $62.11 level so keep these both levels in mind, but overall as predicted oil is bear trend and our selling recommendations from $75.78 level done well. Breaking $62.11 level will push prices $57.88 level which is important astro support point.
USD will make top today so selling opportunity in USD, buy some Euro, Franc, Pound and Yen around lower sides on late Thursday and Friday.
Grains and softs are trading as predicted along with Thirty Year bond.
Bitcoin failed once again to close above $49788 which confirms that it heading toward $41889 level but closing above 49788 will push again toward $57123. Next week will be interesting one for Crypto.
Thanks & God Bless
Mahendra Sharma