Dear Members,
Most of markets are trading directionless, but most of these markets are following astro indications.
Gold/silver is in control of Mars directions, Mars indicating a sharp correction is still pending in gold and silver. Higher side gold will can move up to $1348 and lower target is $1312, once 1312 is taken away then next target is $1290 to $1265. For silver higher side $27.03 and lower side is $25.43. These prices targets are valid for the next five days. We clearly see a down ward trend for precious metals.
Base metal will also remain weak, we see huge corrections from next week in copper, palladium and platinum. We see at least ten percent.
Note: Tomorrow Moon will be in Scorpio, so we Moon is indicating both movement in all market (commodities, currencies and stock), sell metal and oil on sharp rise and buy on sharp fall for intraday trading on Friday.
USA and European markets are trading higher as predicted; on other side emerging markets are struggling. Indian market has been worst performing after Egypt. Political uncertainty is affecting hard on Egypt and middle-east equities, yesterday it went down 6.5% and today it open 6.4% percent down so authorities halt trading. Friday all other market including USA and Europe will move down.
From tomorrow some weakness will come in USA and European exchanges to we recommend to book profit later today. Those who are holding clean energy stocks should take some hedging trade buy buying FAZ or some put options for the next two weeks. We don’t recommend any shorts in USA market as we see Dow marching ahead for 38000.
Like metals, oil also traded per mentioned in this week newsletter. Astro indications are still showing sign of weakness in oil. Our downside target got fulfilled but still next week we see some more fall coming. Tomorrow oil may move in up directions. Natiral gas is currently trading around $4.40, and it is great buy as in next ten days we see gas moving to $5.07.
Grain now ready to move down sharply any time so great time to build potion in soy, soy oil and so meal. Even corn will also move down but rice and wheat may remain positive so you can take hedging trade. We see ten percent corrections in grain so get ready to build put options position.
Soft commodities are trading very volatile due to weather related problem but one thing is sure that they all will crash big way for shorter period from next week, avoid trading soft for the next two days.
Dollar is great buy today so start accumulating dollar from today without fear, our down side predicted price (77.82) has been achieved. Australian, Canadian dollar, pound and Euro looks weak from tomorrow. Tomorrow Yen and Swiss franc will remain side.
Wait for next week newsletter to make better trade as next week will bring great opportunity to make money for shorter period.
Thanks & God bless
Mahendra Sharma
Thursday, 27 Jan 2011