Dear Friends,
Enjoy Wednesday's flash here for free. This is what we predicted for all major markets for Wednesday:
Dear Members,
Flashnews of Day trading strategy for Wednesday, 22 February 2012
Tuesday, New Moon gave most positive indications for metals and oil though I was bit concern about trend but day ended very well. S&P, other indexes and grains traded bit weaker. On other hand soft commodities remain positive with euro and other currencies.
Today’s positive sign is giving clear indications that metal will be on fire in coming days, specially silver. Buy silver on any weakness from here onward and we may see soon it touching $36.80 in few weeks. Astro resistance point for S&P is 1373 and once it start trading above this level than 1407 is very easily available target.
Yesterday we mentioned that platinum would trade positive and we are overall very bullish on silver so stay long in these both white metals. Our next target for platinum is $1900 and silver $36.80. BUY silver on downside predicted range, don’t short metals as they will kepp moving higher.
Wednesday’s trading range for metals:
GOLD: $1765.9 to $1749.90
SILVER: $34.59 TO $33.72
COPPER: $386.7 TO $378.1
PALLADIUM: $716 TO $700
PLATINUM: $1703 TO $1682
Our buying call in sugar proven very accurate for TUESDAY, we recommend to hold position in sugar. Other soft commodities you can avoid as still medium and longer term positive cycle has not started like in coffee and cotton. Get in and out in other soft commodities. Here is Wednesday trading range for soft commodities (All ranges are for soft is May 2012 contract):
COFFEE: $206.80 TO $203.10
COTTON: $94.10 TO $92.01
COCOA: $2446 TO $2372
SUGAR: $24.79 TO $24.32
ORNAGE JUICE: $183 TO $177.20
One thing we have been constantly saying about bull market so weaker trend should be taken buying opportunity on Thursday.
Here is Indexes range for Wednesday trading ranges:
AUSTRALIAN – 4283 to 4245
NIKKEI – 9483 TO 9415
NIFTY – 5618 TO 5565
HONG KONG - 21489 TO 21270
CAC – 3481 TO 3433
DAX - 6921 TO 6833
FTSE – 5919 TO 5861
S&P – 1366.75 TO 1351.75
NASDAQ – 2601 TO 2575
RUSSELL – 830 TO 817
DOW – 13018 TO 12865
Grains traded negative on Tuesday; looks like corn and wheat will struggle for positive trend. Here is day trading range for Wednesday:
CORN: $633.5 TO $623
WHEAT: $635 TO $623
RICE: $13.95 TO $13.62
SOY: $1278 TO $1259
SOY MEAL: $331 TO $326.90
SOY OIL: 54.33 TO $53.59
Here is what we mentioned yesterday: As mentioned in last week newsletter and Flashnews, natural gas and oil traded 100% accurately. We had a strong buying call on gas on Thursday and Friday, on both these days natural gas prices moved up huge. We still recommend holding position in gas. Don’t short oil, trade in and out as per day trading range.
Wednesday’s trading range for energy April contracts:
OIL: $106.77 to $105.21
NATURAL GAS: $2.84 to $2.65
TREASURY BOND – 141-22 TO 140-12
Buy dollar, just trade in and out in the predicting range.
Wednesday trading range is here:
DOLLAR INDEX – 79.03 to 79.55
EURO – 1.3262 to 1.3157
AUSTRALIAN DOLLAR – 1.0659 to 1.0572
CANADIAN DOLLAR – 1.0047 to 0.9970
BRITISH POUND – 1.5848 to 1.5712
JAPANESE YEN – 1.2505 to 1.2587
SWISS FRANC – 1.0997 to 1.0888
RUPPEE – 49.12 to 49.52
RAND – 7.70 to 7.78
Best trade for Wednesday:
Buy dollar against all currencies (Yen, Pound), as dollar wave is showing powerful upward trend.
Don’t short metals at all. Silver toward $36.80, platinum $1900 and gold $1836.
Tuesday recommended stocks like PLUG, BLDP and FCEL traded very positive so hold position in these stocks and on other hand FNMA and FMCC came down sharply so take this as buying opportunity in these both mortgage stocks.
We highly recommend flashnews followers to subscribe Weekly newsletter as weekly newsletter guides investors very clearly on weekly strategy, as well as medium and longer term trades so you can place yourself very well in market.
Currently we have great 70% discount offer on Weekly Newsletter, Daily day flashnews and Uranium subscription. Don't miss this this opportunity of discount, as people always complaint that our services are very expenssive, and I am sure current discount offer will make everyone happy. Also buy a our new book "2012 Financial Predictions"and one month Daily flashnews for free. I tell you deep from my heart that no one can put price on this book "2012 Financial Predictions" as it is priceless. I feel every investors should have this book.
Thanks & God Bless
Mahendra Sharma,
Tuesday 3.30 PM, 21 February 2012, Santa Barbara