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Today's Trade & News

Wednesdays Daily Flashnews day trading ranges & strategy for metals, energy, Indexes, currencies, grains, softs & bond...

Dear Members. 

Here is small part from Wednesdays Daily flashnews, our special offer will expire today...

Wednesday Daily Flashnews (Unedited report)

S&P at 2721 important astro support as predicted…50% special offer will expire today so subscribe or extend your services if you wish…

 

Dear Members,   

On Tuesday markets struggled to move higher and it looks like that 2881 profit book was perfect level and now 2721 is most important key astro support level so remain watchful. Now selective long is only recommended because we are 10 days away from new cycle and surely we would like to remain bit cautious after 5 May 2020.

Commodities are still struggling and may keep struggling in coming time, don’t buy any commodity at this stage though we see grains and softs to bottom out around 24 April, but it is zero sum game. Oil have proven wrong history about zero some gain because it went in negative.

I recommend watching S&P 2721 level same time you need to watch 12.11 level in oil closely on closing basis with $9.87 important support level in June contract. Once our levels are breach then that financial products become very scary. Like we mentioned that if oil breaks $18.81 level then looks very scary, so in future we need to watch our astro level closely. S&P failed to close above 2881 level which indicated that short term top achieved. Also for gold we have been stating $1778 level is key on higher, gold need to break this level to give clear bullish indications and same way dollar Index 103.21 level is key one. Astro levels are most important one.

On Tuesday during middle of trading hours we sent small alert which is here below:

NFLX earnings came robust so we may see impact on stock on Wednesday. June oil story Markets are trading lower on concern of fall in oil prices and uncertainty over Kim Jong health. Also, commodities are trading under threat of demand and pill-up of supply. At this stage uncertainty is growing but our view about market is not that negative. Here are few points:

Wednesday New Moon will dominate market, currencies and commodities, and it could bring huge volatility in commodity market. Also new Moon some time plays very volatile role for market and geo situations as well.

I have received tones of email regarding future of energy market and my answer is very simple.

Answer: Any future contracts like June or July if you are buying then must put stop loss at $18.81 level. My view still is negative for energy market, and if you really like to buy then buy at $12.15 level June contract with strict stop-loss $11.43. Today June contract test $11.89.

Now June contract must close above $18.81 for the three days which may bring some stability in market. July contract must hold $18.81 and we believe that may happen. Buy some July call options if prices move toward lower sides. I have been not recommending trading positions in energy, if you want trade then to trade with strict stop-loss.

Avoid any buying in metals, if you like to buy gold then sell all other metals like silver, palladium, copper etc. Palladium could collapse more than $1000 soon.

Avoid grains and softs, but soon grains and softs will bottom out with in the next two weeks.

Currencies will trade negative so stay short. Emerging market currencies looks great bet but wait for few days.

I am expecting good outcome from NFLX earning, may move minimum $50.00 higher. S&P has important astro support at 2741 and 2721, I don’t see S&P closing below these level for three days. If market close positive on Wednesday, then expect 2881 to 2900 level or higher by Friday. Today I am expect to hold lower side level. Still health care Pharm looks great bet. Hold long in our recommended biotech and healthcare stocks.

Offer will end in 24 hours: Today we have announce 50% discount but for only one month service so extend if you wish.

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www.mahendraprophecy.com