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Today's Trade & News

2018 ended and now 2019 Financial Predictions...

Dear Members/Friends,

I was just reviewing last year book and found most trading ranges were very close as mentioned in “2018 Financial Predictions”. This year book “2019 Financial Predictions” will be out on 20th January.  I am sure this book will help you in making important short, medium- and longer-term trading and investment decisions. Book is covering monthly predictions from metals, energy, Indexes,

Trade record report card:

Wrong Predictions of 2018:

·        Palladium fall was expected from $1135

·        October to December we never expected huge corrections in market.

·        Coffee remained lower sides

Predictions came true in 2018:

·        Market to make all time high in September, and S&P to bottom out at $2315 level

·        Gold to make top at $1361 and silver at $17.75 in April

·        Crash in base metals (zinc, copper, nickel) predicted from March 2018, predicted 30% crash

·        Oil to top out at $73.88, and fall predicted from this level

·        Coffee remained lower sides

·        Buying cotton at $72.72 and booking profit at $89.88

·        Lumber to top out at $645 with bottoming out at $318.00 level. Short lumber was best predictions of 2018

·        Cocoa bottoming out at $2075

·        Soy buying was recommended $843 as we didn’t expected to fall below this level

·        Dollar toping out at $97.15 level

·        Bottom predicted in Emerging currencies like Rupee, Real, Rand and Peso

·        Thirty year to test 137-00 on lower side, this was one of the best predictions

·        Four years back we predicted AMZN to test $2000, APPLE 230.

·        NVDA and FACEBOOK short recommended in 2018

 

Here is trading range for 2018 for all major currencies

USD: 97.78 TO 89.71 (Down side maximum risk is 1% from lower ranges or till 88.21 in USD Index)

Australian Dollar: 0.8075 to 0.7211

British Pound: 1.4478 to 1.3071

Canadian Dollar: 0.8195 to 0.7415 (if Oil moves towards $72.00 then Canadian Dollar can move towards 0.8425)

Euro: 1.2398 to 1.1375 or even 1.1257

Japanese Yen: 0.9632 to 0.8620

Swiss Franc: 1.0678 to 0.9709

Chinese Yuan: 6.81 to 6.24

Indian Rupee: 68.68 to 64.11

Russian Ruble: 64.25 to 52.50

South African Rand: 11.88 to 14.05

 

2018 trading ranges of South American currencies trend:

Mexican Peso: 20.81 to 17.11                      

Brazilian Real: 3.880 to 3.180

Argentina Peso: 26.95 to 21.35

Chile Peso:  665 to 560

 

Here trading range for South East Asian Currency trend in 2018:

Indonesian Rupiah: 16175 to 12750

Malaysian Ringgit:  4.39 to 3.71

Pakistan Rupee: 118.97 to 104.10

 

Here are the trading ranges for the Asian markets in 2018:

Australia: 6505 to 5775

China (Shanghai): 3705 to 3005

India (Nifty): 12879 to 10015

Japan (Nikkei): 27150 to 20051

Malaysia (KLCI): 2015 to 1682

Indonesia: 6695 to 5737

Philippines: 8428 to 7208

Thailand: 2015 to 1635

Taiwan (Weighted): 11935 to 10239

South Korea (KOSPI): 2742 to 2351

New Zealand: 273 to 228

Pakistan’s Karachi Index: 47,700 to 36,059

Singapore: 3621 to 3255

Sri Lanka: 7295 to 6051

Russia: 2505 to 2017

Vietnam: 1203 to 981

 

Here trading ranges for European markets in 2018:

Austria: 3725 to 3255

Belgium: 4295 to 3710

Denmark OMX All share: 1208 to 928

Finland: 4595 to 3951

France CAC: 5895 to 5081

FTSE London: 8455 to 7005

Germany DAX: 15089 to 11155

Greece: 1008 to 711 

Hungary: 40955 to 36,050

Ireland: 7525 to 6690

Italy (MIB): 27,955 to 21,011

Netherland: 725 to 495

Norway: 988 to 775

Portugal: 6252 to 5402

Poland: 2775 to 2495

Spain: 11845 to 9523

Swiss SMI: 10275 to 8011

Sweden: 1805 to 1505

Turkey: 128255 to 110255

Ukraine: 523 to 353

 

Here 2018 trading ranges for Middle-East Index:

Bahrain: 1488 to 1275

Egypt: 17555 to 13888

Israel: 1752 to 1470

Jordan: 2370 to 2015

Kuwait: to 5490 to 4495

Lebanon: 1295 to 1023

Oman: 5095 to 4387

Qatar: 11280 to 7788

Saudi Arabia: 8920 to 7025

UAE: 5195 to 4255

 

Here are the trading ranges for the South American markets in 2018:

Argentina (Merval): 35370 to 28775

Brazil: 87370 to 69120

Chile: 6189 to 5228

Mexico: 51,265 to 45,190

Peru: 23,520 to 19,610

 

Here are 2018 trading ranges for the USA Indexes:

S&P: 2975 to 2651

NASDAQ: 7575 to 6451

RUSSEL 2000: 1707 to 1445

DOW Jones: 27,770 to 23,971

 

Here are trading ranges for grains in 2018

Corn: $405 to $331

Wheat: $588 to $397

Soy bean: $1071 to $912, if soy trades above $1071 for five days then $1198 is possible

Soy Meal: $351 to $295

Soy Oil: $36.95 to 29.75

 

2018 Trading range for Thirty Year Bond:

Thirty Year Bond - 157-00 to 136-00 (If Bond trades below 136-00 for five days then we may see it hitting 127-00)

 

2018 Trading range for energy:

Oil: $65.68 to $53.35, if it closes above $65.68 for five days then 72.32 is next maximum target

Heating Oil: $2.2921 to $1.6615, if it closes above $2.0921 for five days then 2.3215 is next target

RB Gas: $2.2578 to 1.6555, if it closes above $1.9878 for five days then 2.1415 is next target

Natural gas: $3.78 to $2.63

 

Metals trading mentioned in the book sections were very accurate. March onward collapse in base metals predictions done very well, we predicted 30% fall. Gold higher side $1362 and lower side $1182 level predicted.

Thanks & God Bless

 

Mahendra Sharma